do cac gold saint gaudens still sell well with a carbon spot
coinsscollect
Posts: 103
1 or 2 small carbon spots
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Eric
<< <i>1 or 2 small carbon spots >>
I've never heard of Saints having carbon spots. Did you mean copper spots? The answer to your question depends on the size, location, and how dark they are.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
with spots.
A few years ago I had a 4 coin set of 2003 American Eagles graded MS70 by
PCGS. The coins had a lot of copper spots. I purchased them for melt thinking
I made a great buy.
I sold them for a bit over melt. They were MS70, but ugly.
PCGS price guide had the $5 coin valued at $500, I could never find
any buyer who thought it was worth $200, and that was with gold at
$1800.
``https://ebay.us/m/KxolR5
I will say this, however. There are some incredibly fussy people out there who will reject any gold piece that has any sort of copper spotting. I once had a 1907 High Relief $20 gold on consignment that was a PCGS MS-64. The coin was beautiful with warm coppery gold surfaces and virtually no marks. There was a very light copper mark on sun on the reverse. I thought nothing of it because it was totally natural, and coin was completely original and had never been dipped. All I heard from few people was, "It's got a copper stain; I don't want it."
To me that was just plain silly.
<< <i>Check CAC's buy price. You can ask them and still not sell.They make a live 2-way market in MS65 Saints. That's what the sticker's for. >>
Really - so where is there buy price publicly posted? Or are you referring to the CAC price in the bluesheet?
I recall selling JA a freshly stickered MS65 $20 Lib back in 2008 for all the money. The coin had numerous light carbon and alloy spots (ie a couple dozen). I realize that most newbies in gold can't stand to see a single spot on their gold coins. That view is not widely held be long term gold collectors over the past 40 years. If a CAC MS65 saint couldn't have a single distracting spot, I suppose the stickering rate would drop from 5-15% down to 3-7%. A whole new generation of collectors have been brainwashed on this idea of natural alloy spotting being totally undesirable on original gold coins. They are told that dipped and no spots is better. I agree, it's silly. I don't really care for dipped old gold any more than I do dipped old silver.
My impression is that it's the "retailers" that have a problem with spots. They don't want to have to explain them to newbies, and they don't want to increase the risk of a return.
I also find it hard to believe that retailers go out of their way to discuss the "problems", i.e. spots, that their coins don't have. More likely, they say nothing.
Unfortunately, some dealers follow suit, refusing to buy coins with any spots, or using the spots against the seller as a bargaining point.
FWIW, I'm happy to buy spotted coins if they're attractive for the grade, and I have no problem selling them to most buyers.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I'll buy any MS69/MS70 gold coins with copper spots at melt,,,,,,,, not a problem,,,,,
GrandAm
``https://ebay.us/m/KxolR5
True. However, gold coins do sometimes have black spots, which usually sit above the surface of the coin.
As for a picture of a gold coin with a carbon spot, the perfect example is the superb gem Pittman 1847 $5, which had a black inclusion in the center of the reverse. The memorable thing about that coin was the wild colors that emanated from the spot, covering perhaps half of the reverse. One of the most beautiful coins I've seen. Unfortunately, some bozo tried to remove the "spot" sometime after the auction. Unsurprisingly, they had far more success removing the colors and luster than the carbon (?) inclusion.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>Some spots on gold speak to authenticity......... >>
I've heard the same thing said of milk spots on modern silver coins.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Beautiful, natural, well-made for the type with the exception of a very sizable carbon spot near the eye. As irritating as it was, not one knowledgeable dealer who saw it did much more than shrug and then get back to all the coin's virtues.
Within the past year or so I recall seeing the same piece in an auction. It was still PR64, but the trauma of my disgust was such I can't recall by which service. Either TPG might/should still call it 64, BUT...
I find it ironic that the spot is still there, just as big but looking four times more so. The gestalt of the coin has evaporated. The nondescript rare metal invites deconstruction rather than appreciation. Those who shrugged then smiled now snarl or cry.
Knowledgeable purists accept impurities. .
<< <i>
<< <i>Check CAC's buy price. You can ask them and still not sell.They make a live 2-way market in MS65 Saints. That's what the sticker's for. >>
Really - so where is there buy price publicly posted? Or are you referring to the CAC price in the bluesheet? >>
John posts most his bids on coinplex as well as on cce.
I have seen many Saints in 65 and 66 (even a 67) with copper spots and stickered. Once John Stickers it, just hit his bid and he will be glad to buy the coin for his bid (currently $2440 for an ms65 (which is also $650 more than the generic ms65 $20 ST. buy price)
<< <i>A group of 4 dealers, Archimedes, Pid, The Boston Globe and myself, picked off the Eliasberg 1834 $2 1/2 PCGS PR64 at a big show (IIRC 1988). I bought out my partners at for a 33% profit at the end of the show.
Beautiful, natural, well-made for the type with the exception of a very sizable carbon spot near the eye. As irritating as it was, not one knowledgeable dealer who saw it did much more than shrug and then get back to all the coin's virtues.
Within the past year or so I recall seeing the same piece in an auction. It was still PR64, but the trauma of my disgust was such I can't recall by which service. Either TPG might/should still call it 64, BUT...
I find it ironic that the spot is still there, just as big but looking four times more so. The gestalt of the coin has evaporated. The nondescript rare metal invites deconstruction rather than appreciation. Those who shrugged then smiled now snarl or cry.
Knowledgeable purists accept impurities. .
Here's the visual aid.