Pricing for branch mint gold with cac sticker
Gazes
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I know that there is a lot of discussion on the merits of cac and also its impact on price. My post has to do with the impact of a cac sticker on branch mint gold and more specially southern gold. I have seen others say cac can add 5-40% to a coin. Southern gold is so rare to find stickered I wonder if anyone has a good range on how it impacts price? Clearly it will be far higher than 5-10%. Some coins I have seen go for 100% more. Thoughts?
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I don't think the pricing problem in grade can be simplified to CAC vs no-CAC. I think you'll rarely find two truly comparable branch mint gold coins in holders from the same service where both have been reviewed and one CAC'd and the other didn't. What you're asking needs to be be expanded to cover the gamut from NGC no-CAC to PCGS CAC, and to consider the possibility that the coin has not been reviewed.
I don't follow CDO gold closely, so I can't give specifics, but in SF no-motto gold I've seen 2x -2.5x price spans within grade.
I've bought CDO gold both CAC and non-CAC, and really haven't noticed much difference. Haven't sold any either, so I've only seen half the picture.
Some branch mint gold has its unique plethora of obstacles with bad planchet prep, cracked dies, weak strike pressure, etc. Mostly, it never took kindly to any messing with, such as dipping/cleaning. I think that is due to the fact that branch mint gold, C and D in particular, with its alloy higher in silver content than its P counterpart, looks more stripped, ripped, and unnaturally shiny after messing with than gold coins with more copper content. What criteria CAC uses to bean these coins, I do not know. Whether CAC beans a lower percentage of these than other gold coins, not sure. Like ranshdow said, its more complicated, and maybe too thin a market to draw any conclusions.
completely depends on the coin
Latin American Collection
I believe in the narrow market you are addressing, it would have little impact....more would depend on the particular buyer(s) and whether it was a direct sale or auction... Cheers, RickO
It comes down to cost plus as one may have to pay a lot to get the piece anyhow.
The additional expense of CAC is simply added into the cost plus markup equation.
Generally there is a well heeled customer who wants the piece.
Are you talking about the cost of cac ? That is just a few dollars. I'm talking a $12,000 dahlonega non stickered coin going for $19,000 with a sticker
Can you provide us the details on this 12k vs. 19k Dahlonega?
Sorry if I am being unclear. It's not a specific example just an illustration of what I'm talking about in my op.
But if you are asking for a "real example" then for instance two quarter eagle's sold 8/15 at the ANA both AU 58. Both pcgs. The stickered coin brought $25,850 and the non stickered brought $15,250.
My op meant to discuss a series (southern gold) that is stickered so rarely, what does that mean to price. I would be interested if there were many examples of southern gold that was stickered but did not sell for a substantial premium.
One more example--1847-C PCGS 64 cac sold for $30,550 in stacks sale 2/15. A 1847-C pcgs 64 no cac in6/14 long beach for a little less than $20,000.
Your real example is for two 1842-Ds that were in the Stacks ANA sale. I was there. If you just read the auction descriptions and look at the pictures, you get a pretty good feel for why the two coins brought different prices. The $25k coin is an exceptional AU, and has been recognized by gold experts for a while as the second finest example known -some would say having bragging rights as the only coin with shot MS status. It is the finest of two out of the Bass collection.
The second coin at $15k is not as impressive. I didn't recognize the coin, not sure how it rates with the gold experts, and may have then been a recent upgrade at PCGS. Somebody here who follows the Libertys closer than I can probably elaborate on this coin.
So the first coin would have sold for a lot more than the second, regardless of a bean or not. Did the price of the first coin increase because of the bean? Don't know, you'd have to ask the bidder and underbidder.