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Is CAC cheapening itself?

OuthaulOuthaul Posts: 7,440 ✭✭✭✭✭
edited October 8, 2017 2:36PM in U.S. Coin Forum

You have got to be joking. Enjoy the laugh.

Cheers

Bob


Comments

  • tommy44tommy44 Posts: 2,192 ✭✭✭✭✭

    Looks better than a AG03 to me.

    it's crackers to slip a rozzer the dropsy in snide

  • ShamikaShamika Posts: 18,760 ✭✭✭✭
    edited October 8, 2017 1:09PM

    That is a bit comical. But if CAC is cheapening itself, then we have to say the same about PCGS for slabbing the coin to begin with.

    Buyer and seller of vintage coin boards!
  • AmazonXAmazonX Posts: 680 ✭✭✭✭

    A coin with a gold CAC commands a premium. Now, would a gold CAC bring the price down for a lowball set coin?

  • MoldnutMoldnut Posts: 3,082 ✭✭✭✭

    We are missing a very valuable part of the coin in question, the reverse.

    Derek

    EAC 6024
  • BillJonesBillJones Posts: 33,479 ✭✭✭✭✭
    edited October 8, 2017 1:58PM

    @Moldnut said:
    We are missing a very valuable part of the coin in question, the reverse.

    It does not matter; the obverse is too strong to grade AG-03. The reverse is really weak, it makes the "no problem" aspect of the grade suspect.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭

    What's a coin like that worth......silver?

  • cameonut2011cameonut2011 Posts: 10,061 ✭✭✭✭✭

    @BillJones said:

    @Moldnut said:
    We are missing a very valuable part of the coin in question, the reverse.

    It does not matter; the obverse is too strong to grade AG-03. The reverse is really weak, it makes the "no problem" aspect of the grade suspect.

    I'm not sure CAC cares much at this grade level. If anything like me, his offer would be around melt regardless of whether an AG3 or a G4.

  • MoldnutMoldnut Posts: 3,082 ✭✭✭✭

    @BillJones said:

    @Moldnut said:
    We are missing a very valuable part of the coin in question, the reverse.

    It does not matter; the obverse is too strong to grade AG-03. The reverse is really weak, it makes the "no problem" aspect of the grade suspect.

    I don't know about that, I can think of many coins that come with a solid obverse that should not be graded more than AG.
    1793 cents, 1794 cents, 1916-D dimes, Barber Quarters to name a few.

    Derek

    EAC 6024
  • MoldnutMoldnut Posts: 3,082 ✭✭✭✭
    edited October 8, 2017 2:50PM

    I'm going to add Columbians to my list.

    Derek

    EAC 6024
  • TeamDennisTeamDennis Posts: 108 ✭✭✭

    Somebody must have bought a roll of stickers from China. B)

  • PerryHallPerryHall Posts: 45,400 ✭✭✭✭✭

    @tommy44 said:
    Looks better than a AG03 to me.

    Yup. Should have gotten the gold CAC sticker.

    Worry is the interest you pay on a debt you may not owe.

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    edited October 8, 2017 3:04PM

    Looks fine as AG03 as the reverse is essentially FR02. No way a Good obverse and Fair reverse average out to Good.
    A decent quality low ball coin that's stickered. Worth a lot more than melt. Good luck putting together a problem free P01-AG03 low ball commem set.

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • logger7logger7 Posts: 8,070 ✭✭✭✭✭

    They have always been the consummate gentlemen and ladies with my submissions, more than I deserve. They do the best they can.

  • PhilLynottPhilLynott Posts: 881 ✭✭✭✭✭

    Someone trying to put together a stickered Columbian grading set?

  • ZoinsZoins Posts: 33,861 ✭✭✭✭✭
    edited October 8, 2017 4:11PM

    Ouch.

    This sold for $94 in September 2012 and then just $30 two months later in November 2012, with CAC both times.

    https://www.pcgs.com/cert/24500099

  • GoldbullyGoldbully Posts: 16,856 ✭✭✭✭✭

    Makes me wonder about the collecting intentions of the owner of this coin.

    That coin really should never have been slabbed, unless of course the owner loves Columbian commemoratives in low grade state.

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    This wear pattern is VERY COMMON on low-grade dimes, quarters and halves. Drives me nuts! The obverse is solid for a G-4 in a grading guide. Anyway, folks are collecting low ball coins now! Too bad the obverse was not AG-3. Then it would be 3/2.

  • tommy44tommy44 Posts: 2,192 ✭✭✭✭✭

    @tommy44 said:
    Looks better than a AG03 to me.

    Never mind. I opened my mouth before the reverse was posted.

    it's crackers to slip a rozzer the dropsy in snide

  • JBKJBK Posts: 14,738 ✭✭✭✭✭

    If CAC is saying that it is solid for the grade, is it worth less than an AG that did not CAC, considering that this is a drive toward the bottom?

  • jtlee321jtlee321 Posts: 2,355 ✭✭✭✭✭

    @JBK said:
    If CAC is saying that it is solid for the grade, is it worth less than an AG that did not CAC, considering that this is a drive toward the bottom?

    Yeah, when you play at this end of the pool it's more like golf than bowling. Less is more and more is less. In this instance, it would be better if you could claim and prove that is was sent to CAC and rejected due to the merits of the grade. I don't play like that, I'm alway's going for the 3 strikes in the 10th frame. :)

  • joebb21joebb21 Posts: 4,733 ✭✭✭✭✭

    Looks like a very tough coin to grade. An obvious good border lining VG obverse and a fair approaching Poor reverse.
    I love the look and contrast on the obverse.

    Net graded appropriately at ag3

    may the fonz be with you...always...
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭

    Many such low ball coin has issues with surfaces...scratches, dings, gouges, corrosion, cleaning, etc. As such, they won't sticker no matter how much "extra" detail is showing for the grade. Getting a sticker on a low ball is more a testament to it having choice/mostly un-messed with surfaces rather than being "solid for the grade."

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,835 ✭✭✭✭✭

    No. CAC has detractors doing the cheapening for them. I believe good guys get drug into some bad arenas, sometimes. At what cost , though ?

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I believe CAC is doing exactly what their business model states and submitter's pay for.... in this case, they agree it is solid for the grade. Case closed. Cheers, RickO

  • Coin FinderCoin Finder Posts: 6,953 ✭✭✭✭✭

    Well it may be solid for the grade according to CAC. I have hard time selling these in Unc condition. So is CAC cheapening itself?, ...I don't think so. It may help sell the coin, but for what price I have no idea..

  • OuthaulOuthaul Posts: 7,440 ✭✭✭✭✭

    @ricko said:
    I believe CAC is doing exactly what their business model states and submitter's pay for.... in this case, they agree it is solid for the grade. Case closed. Cheers, RickO

    That's exactly it. While I laughed when I first saw this auction, after I gave it some thought, they are doing exactly what they do; render an opinion. No different than when we ask each other for opinions on coins of all grades.

    However, for lowball collectors, wouldn't the coin be of more value without the sticker? Perhaps a black bean for coins that are on the lower end of the grade stated?

    Cheers

    Bob

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