How CAC offer works
Gazes
Posts: 2,315 ✭✭✭✭✭
If you contact CAC/JA and ask for an offer on a stickered coin and he gives you a number--is that a firm offer or will he negotiate the price?
0
Comments
I wont speak for john here but if I had a guess it would depend on the coin. if its a common generic coin then I would presume his offer would be what it is.
If its something special then I would tell him "thank you for your offer of x but this coin is special because ____ and If you would consider x+y Ill ship it to to take a look at.
You can always counter.
The minimum offer is whatever his bid is. You can find those on Coinplex I think....
siliconvalleycoins.com
I called on one I had. A 64 Barber Half. Convinced me to consign it to auction.
I had this 1921 Peace S$1 told John what I paid that was his offer to me.
All assumed already CAC
Wiggle room on an MS68 '81-S? I think not.
Chain Cent in 61? MCMVII $20 in 67?
The Chain would likely involve shipping for discussion, but his quote on the generic $20 will be immovable. He doesn't pay for or charge for "+"s
Essentially, an agree with @joebb21
Since the coin is already stickered and in his system, I would believe the offer is firm. Cheers, RickO
Don't they list their buy prices somewhere? I've heard about this mysterious listing but us average shlubs don't have access to it. Would his verbal offer be any different?
https://pcgs.com/setregistry/showcase/2819
If you're a dealer and willing to pay I think $100 a month you can get access to the CoinPlex network where sight-unseen bids for CAC'd coins are posted.
I have no idea how close John's 'phone bids' are to the Coinplex bid, or even if every date & grade has a posted bid on Coinplex at the time he makes his bids.
I've emailed CAC and asked for bids before myself. I've sold two coins that way and passed on two others. If the bid feels low and the coin has superior eye appeal, I'd consider an auction venue, but of course keep in mind you'll pay 10-25% for the exposure.
He doesn't pay for or charge for "+"s
which would make any plus coin with a bean be good for auction, imo.
Without a doubt
From the darkly toned 1921 Dollar displayed what is the allure of such a piece that they would sticker? I think it's really badly tarnished, ugly, low end in my view a C coin. Where was his offer vs CDN Bid? Or did he just offer Bluesheet.
This is a prime example of what I think is so nuts about the sticker fad. Sorry if the coin does not meet my standards no interest.
The photos to me look very washed out yet very clean. If I had to guess its a nice original coin in hand.
Greysheet bid is $710. I would guess john would have offered $700.
For comparison I sold a nice white ms64 non stickered wholesale for $600 last week
An large NN advertiser has a PCGS piece of this issue around $900, and an NGC piece around $800 both white PQ lustrous coins (non CAC) the PCGS piece is fully struck. A PCGS MS64 plus is around $1200. It also is non CAC.
Dealer price lists hold the most influence w me in pricing material for retail. Idk what your coin looks like but looks like buyer got a great deal based on y description. I might have bought it myself like if sight seen at a show as I prefer brilliant white material well struck with super luster.
Thanks for sharing I was curious where he might be vs sheet on CAC material.
So the NGC lookup is like this for ngc 3164232-005, without CAC sticker. Appears to be a slider for a 64 grade, let alone the CAC. something goofy going on here. c'mon that's not a 64. If that is a 64 than I now own a 68+CAC, MHO.
Jeeze, I'm in awe at the people who can grade an unc peace dollar from a picture better than the crew that saw it in hand and decided to sticker it. Settle down.