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Do you think the Eliasberg 1913 nickel is worth more with the CAC?
jmlanzaf
Posts: 32,010 ✭✭✭✭✭
LOL. Or has CAC just gotten out of control?
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jmlanzaf
Posts: 32,010 ✭✭✭✭✭
jmlanzaf
Posts: 32,010 ✭✭✭✭✭
jmlanzaf
Posts: 32,010 ✭✭✭✭✭
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FEATURED HIGHLIGHT
The Finest Known 1913 Liberty Head Nickel
The Dr. William Morton-Smith Specimen
Proof-66 (PCGS). CAC.
Ex Eliasberg Collection
No.
To some, I suppose.
Putting a CAC sticker on a coin like that is like putting a bumper sticker on a Rolls Royce.
Worry is the interest you pay on a debt you may not owe.
Well, it’s not worth any less. And if even one person in the world with the means decides he’ll go just one more cut bid because of it, it’s the cheapest $250k the consignor will ever make...
Another set of eyes who agrees with the grade--not a bad thing at all. Like others have said---for this coin it cant hurt and may help.
If I owned it and was offering it for sale I would absolutely send it through CAC. It can only help the results, no?
Latin American Collection
Welllllll...... not really.
What if it does NOT steeker?
...it’s a whole lot cooler than a sticker that reads “return to US Gov’t” so yeah, why not right?
Or more..in your scenario if the under bidder who doesn't care about the sticker but really wants the coin comes back at cut or full bid.
Not to offend anyone, but as I see it that coin is so rare and so iconic that to add that sticker almost rises to the level of mockery of the grading industry. Ultimately isn't a CAC supposed to increase the value or marketability of a coin? A 1913 Liberty nickel - ANY 1913 Liberty nickel - does not need that extra boost. If you are looking to buy one and have the money required, your only challenge is finding one for sale, not choosing between multiple options.
As I see it, that sticker helps exactly one person/entity: CAC. It is great advertising and visibility for them. I hope they paid the coin's owner a ton of $$$ for the privilege of CACing it.
For that coin, I don't think that the CAC sticker will make much difference. Knowledgeable collectors have known for a while that the Eliasberg coin was best one.
The thing that does surprise me is that CAC is ready to commit making a market for that piece. That is pretty serious financial commitment, and once you get into the millions of dollars, for one coin, “the riff-raff has pretty well priced out of the neighborhood.” The number of serious buyers, who have that kind of money, is limited.
Do trophy hunters care about stickers?
For $29, why not?
Sunshine Rare Coins
sunshinecoins.com/store/c1/Featured_Products.html
It would be like worring about a flea on an elephants back side, it just makes no difference!
no but it verifies what we already know.
Best place to buy !
Bronze Associate member
Which is what? That it’s accurately graded? The 1804$1s aren’t. That it’s not doctored? The KOS 1804 has a pin scratched spot. The norweb 1885 has been cigar smoked
That it’s a 1913 liberty head nickel? Yup
CAC?
On this coin, who cares
BHNC #203
This is my thought too. If sent in and fails, then what does that do to the value?
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
Couldn’t hurt could only help
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
FWIW I would rather have it there. I like knowing it's been screened for doctoring, etc.
TDN makes a good point.
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Yes, why would you not want a CAC sticker on this coin?
Probably !!!
That was funny.
I suppose for a new Rolls Royce I would agree. However for a vintage one it has merit. A classic ( one of 5 ) Rolls with Concours d'Elegance honors is worth a ton more then without. There is some parallel
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Might make more sense on the Walton coin.
Not that JA took my (unasked-for) advice, which wasn't offered, but would have been...….. (double axel with a 360) …..
If it were any other date it would be a semi-perfect poorly-made "C" coin, but it is head and shoulders the best of all.
The essence of the bean is "I like it (enough). Call me. Ready cash".
Enough..... a few exception are made and some are not. e.g.
THE 1876-CC $5 PCGS MS66 CAC Mega-gap all-time high "CC" $5 and more
JA agrees it's marginally over-graded but wants it. His buy price for a 65 is $1,000 less.
THE 1858 $10 PCGS MS64 ex:@MrEureka and @myself to Jesse Lipka for Warren Miller (1988?).
Dipped before Warren sold his set, and a pretty good job of it.
No bean means no bid, which means he listens to your quoted ask without financial commitment. He'd take your call.
It's still THE 1858 $10.
MS67 High-Reliefs are still generics. It's not as much fun to look at as 99% of the CAC 66 V-nix out there. Technical grade vs. eye-appeal is subsumed by the fact that, if you want a 1913 "V", this is all one could ever expect, and it is all of that
The big smart buyers want insurance on a coin like this. In this day and age, very few big buyers get hooked because of a story.
It only helps, especially because it means JA would buy it.
There are less than a handful of these. If, by consensus, this is the finest known, even the numerical grade isn’t really all that important. In this exceptional case, the sticker can’t really add much, other than an expert opinion that it hasn’t been messed with.
I just don't see the need. All 5 of those coins are so well known and fully pedigreed, CAC or no CAC, that is the Eliasberg specimen and the finest known of the 5.
Who would know?
Oh, right, I forgot that CAC do not record failures -- or at least do not publish that record. In that case, I agree that there seems no downside.
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
There's also no upside. It's one of the most famous coins in the world. Anyone who needs the CAC to place a bid is too ignorant to know they should buy the coin in the first place.
I think it is more accurate to say that there should be no upside. But if the cost in time and effort of getting the coin CAC'ed is not significant then I say that it is worth the effort just in case someone's wallet is bigger than his/her knowledge.
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
Insurance for what? This coin has been well evaluated by the best eyes in the business.
This is a situation where I could see CAC paying for the privilege of placing their sticker on a coin!
It's no risk at all for CAC to make a market for the coin if they're planning to bid at least that amount for the coin at auction. If it sells for any less, they'll be the buyer. And if by some strange turn of events they're not, what are the odds that their bid will still be in place the morning after the sale? I sure wouldn't buy the coin at auction if my only out was hitting their bid the morning after.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Hard to believe that anyone would pay millions for a nickel without a story.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
There is definitely a cohort of die hard PCGS-CAC only buyers. I genuinely wonder if some of them would snub an ultra rarity because of a lack of a sticker (assuming that a few of them have the resources and dedication to play at the far deep end of the pool). If so, it could theoretically make a difference although I think it would be absurd.
I respect the market CAC has made... no doubt their sticker adds value - in most cases. In this case, I do not feel it adds any value. Coins such as this require no further approvals ... they are authenticated and carry history - they move in elite circles. Cheers, RickO
I think it obviously helps. PCGS called it a 66. CAC said it is a solid 66 and presumably they are putting money behind that as well (although who knows if their bid is competitive). The only way I could see a CAC green bean ever not help is if the consensus was that a coin was undergraded. In that case, not getting a gold might potentially hurt. If I planned to buy any coin, no matter the price/rarity, etc. I’d rather have an additional seal of approval from a trusted source.
Ahhhh....so you see value in having highly trained eyes view a coin
Absolutely, that is why it is in PCGS plastic!
How many different grades has the coin had since TPGs entered the marketplace?
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One
It, being a "unique coin", is what it is, with or without the sticker. I don't think a person who wanted such a coin would be swayed by the CAC sticker. CAC stickers add value to coins that can be compared to others with similar features - a comparison tool.
Seems like a lot of folks missed @specialist and @billjones point, the insurance is the buy price posted by CAC for the coin, - I am assuming this one would work like other CACed coins since I am not privy to CACs bid list.
I assume that the buy prices are flexible.
Addressing TDN's earlier post that a CAC fan might bit an increment higher because of the sticker (true), conversely, one considering the coin to be an upgrade candidate might be dissuaded by the implied grade cap.
When I saw the CAC sticker on the slab I sorta laughed. There are a handful of collectors/dealers who will pay $5M on a coin. That being said, why would a sticker matter when it's already a coin of this multitude.
TDN, I'm sure you will think great things about it, considering your stance on CAC, and I don't disagree! But a sticker isn't what will be worth the cut bid. Another perspective is, what if a collector buys it, one who doesn't want the sticker? The collector would then have to mail it to JA just to have a sticker removed and risk a $5M coin being lost/stolen in the mail.
In my opinion the coin is worth the same raw, slabbed, with or without the sticker and is technically what it is regardless. The sticker will bring a premium over what it would sell for otherwise. Does this make sense?
it's crackers to slip a rozzer the dropsy in snide