So, were the strong prices for gold stickered CAC coins just another tulip craze??

Lakesammman · January 16, 2014 10:48AM

Any opinions??

OK - I'll put the banned initials in the Title.

DaveG · January 16, 2014 10:53AM

The prices for most commodities go up and down in cycles, why not gold?

From what I've seen, more people buy gold and silver when their prices are high than when they are low, which I don't understand.

Kyle · January 16, 2014 10:57AM

<< From what I've seen, more people buy gold and silver when their prices are high than when they are low, which I don't understand. >>

Publicity, and Greed.

When there's a lot of talk about the high price of bullion, people who usually wouldn't buy, are suddenly in the market.

tradedollarnut · January 16, 2014 11:20AM

I presume that you are talking about gold stickers ... not gold the metal

Lakesammman · January 16, 2014 11:28AM

In the old days, people knew what "gold _ _ _" meant.

Bochiman · January 16, 2014 11:35AM

I knew what you meant

Still premiums but enough bashers bashed on it, and there were some very extreme prices for common pieces (even 2 grades up, the coins weren't worth a ton) that the driving force decided to divest, I believe.

Unknown · January 16, 2014 11:42AM

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stealer · January 16, 2014 11:52AM

You ask, I deliver

"Why yes, I do cater!"

Kyle · January 16, 2014 11:54AM

<< OK - I'll put the banned initials in the Title. >>

Probably a good idea.

AnkurJ · January 16, 2014 12:22PM

Common coins with gold stickers have dropped in price. Rare coins with gold stickers continue to command a premium.

CoinRaritiesOnline · January 16, 2014 12:49PM

<< Common coins with gold stickers have dropped in price. Rare coins with gold stickers continue to command a premium. >>

That's my view as well.

keyman64 · January 16, 2014 12:59PM

Here's a relatively common coin that just sold with a Gold Sticker. It sold for about 33% more than the next grade up. LINKY

TwoSides2aCoin · January 16, 2014 1:02PM

The secret's in the glue.

fareasteagle · January 16, 2014 1:06PM

<< Common coins with gold stickers have dropped in price. Rare coins with gold stickers continue to command a premium. >>

Excuse my ignorance, but are you able to show me an example of a rare coin with a gold CAC sticker?

Unknown · January 16, 2014 1:15PM

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tradedollarnut · January 16, 2014 1:16PM

TwoSides2aCoin · January 16, 2014 1:23PM

^

Sizzlin' Hot Glue Sticks, Batman.

AnkurJ · January 16, 2014 1:32PM

And here is a Holder Rarity

(Image before being gold stickered)

oreville · January 16, 2014 1:54PM

Quite frankly, there are many collectors right now saying nothing and hoping the prices on the gold stickers stay low enough while they accumulate more of them. The ones that bash them most are often the ones that are secretly buying them!!

In my case, I enjoy cherry picking coins in undergraded slabs at the various shows and then watching them get awarded a gold sticker.
At the Boston ANA, I found a 1916-D 10c in PCGS OGH G-4 and fell in love with it. I showed it to a few dealers. I especially liked Laura's comment when she looked at it as she called it a "Gem Good"

Ok, it is sort of an ego trip but more importantly a mental exercise of trying to pick the best of the best and limit your spending that way.

I had a hot streak going when I cherrypicked 100% of my purchases into gold stickers over a 6 month period!!! Never mind that it was only 2 for 2!!! I felt like a Superbowl champ!!!! LOL.

Coinosaurus · January 16, 2014 2:01PM

Not a tulip craze. I put them in the same category as Regency holders. Slabbing has revolutionized the market and is now part of its history, and will always be collectible as such. The coin is still the thing, but coin collectors sometimes get a little bit off course, so there will always be some of them that are interested in the holders, and not without reason. We can argue about market bubbles but I do think there is some foundational value here. The longterm viability of CAC will also play a part. PCGS/NGC have already proven themselves for a generation.

Walkerfan · January 16, 2014 2:14PM

I hope so, as I won't pay into the next grade level just because of a sticker.

coindeuce · January 16, 2014 2:19PM

I'm holding out until oreville comes up with a Gold kacked OGH inside of a sealed bottle of GoldSchlager. Ain't nobody gonna accuse me of drinkin' KoolAid.

oreville · January 16, 2014 2:34PM

coindeuce:

working on it!

Thanks for the challenge!

originalisbest · January 16, 2014 3:01PM

<< Quite frankly, there are many collectors right now saying nothing and hoping the prices on the gold stickers stay low enough while they accumulate more of them. The ones that bash them most are often the ones that are secretly buying them!!

In my case, I enjoy cherry picking coins in undergraded slabs at the various shows and then watching them get awarded a gold sticker.
At the Boston ANA, I found a 1916-D 10c in PCGS OGH G-4 and fell in love with it. I showed it to a few dealers. I especially liked Laura's comment when she looked at it as she called it a "Gem Good"

Ok, it is sort of an ego trip but more importantly a mental exercise of trying to pick the best of the best and limit your spending that way.

I had a hot streak going when I cherrypicked 100% of my purchases into gold stickers over a 6 month period!!! Never mind that it was only 2 for 2!!! I felt like a Superbowl champ!!!! LOL. >>

If you don't mind oreville, can we see a pic of the '16-D? Eventually I'd like to pick one up in that grade and have my set complete again -- had to sell mine earlier this year. Thanks!

Billet7 · January 16, 2014 3:05PM

Betcha $20 that 1916-D merc in the OGH was the one I sold a little while back! Can you post a pic oreville?

fareasteagle · January 16, 2014 7:00PM

All are great looking coins! Thanks for sharing!

mercurydimeguy · January 16, 2014 10:38PM

<< Here's a relatively common coin that just sold with a Gold Sticker. It sold for about 33% more than the next grade up. LINKY >>

Someone is gambling on a 67FB on a resubmission

Personally, I've seen coins in MS60 holders (gold) with CAC stickers selling for MS63 prices. Now maybe gold sticker coins are under graded but not by 2-3 points.

By the coin, not the slab and certainly not any kind of sticker.

I recently bought a couple coins in ANACS and NGC holders that you ask yourself, "why are these coins in this holder?" Paid low prices, got a very nice coin! I think the PCGS craze has created a tremendous opportunity to buy nice coins at cheap prices (in non-PCGS holders) and then submit to PCGS for grading.

The key is one has to know how to grade to know whether or not the coin (in any holder) is average, nice for the grade, high end for the grade, or under graded…

KeyLargoRareCoins · January 16, 2014 10:44PM

<< 

<< Here's a relatively common coin that just sold with a Gold Sticker. It sold for about 33% more than the next grade up. LINKY >>

Someone is gambling on a 67FB on a resubmission

Personally, I've seen coins in MS60 holders (gold) with CAC stickers selling for MS63 prices. Now maybe gold sticker coins are under graded but not by 2-3 points.

By the coin, not the slab and certainly not any kind of sticker.

I recently bought a couple coins in ANACS and NGC holders that you ask yourself, "why are these coins in this holder?" Paid low prices, got a very nice coin! I think the PCGS craze has created a tremendous opportunity to buy nice coins at cheap prices (in non-PCGS holders) and then submit to PCGS for grading.

The key is one has to know how to grade to know whether or not the coin (in any holder) is average, nice for the grade, high end for the grade, or under graded… >>

Nailed it!
to many people drink the koolaid still and purchase the slab.

georgiacop50 · January 16, 2014 10:45PM

Not like the tulip craze at all.

Everyone jumped on the tulip bandwagon.

But the ridiculously high prices gold stickers saw for a while were 99% driven by one foolish investor. Once that investor realized his error, and not only stopped buying them up, but dumped most of them at auction, the market gained normalcy.

It was an abberation.

CaptHenway · January 17, 2014 12:01AM

I can't wait for the gold-pressed latinum stickers!

Broadstruck · January 17, 2014 12:04AM

These could be the next big sticker craze...

keyman64 · January 17, 2014 12:31AM

<< 

<< 

<< Here's a relatively common coin that just sold with a Gold Sticker. It sold for about 33% more than the next grade up. LINKY >>

Someone is gambling on a 67FB on a resubmission

Personally, I've seen coins in MS60 holders (gold) with CAC stickers selling for MS63 prices. Now maybe gold sticker coins are under graded but not by 2-3 points.

By the coin, not the slab and certainly not any kind of sticker.

I recently bought a couple coins in ANACS and NGC holders that you ask yourself, "why are these coins in this holder?" Paid low prices, got a very nice coin! I think the PCGS craze has created a tremendous opportunity to buy nice coins at cheap prices (in non-PCGS holders) and then submit to PCGS for grading.

The key is one has to know how to grade to know whether or not the coin (in any holder) is average, nice for the grade, high end for the grade, or under graded… >>

Nailed it!
to many people drink the koolaid still and purchase the slab. >>

No way will that ever get into a FB holder! There is a solid interruption right smack in the middle. To each their own though.

ColonelJessup · January 17, 2014 12:48AM

<< Not like the tulip craze at all.

Everyone jumped on the tulip bandwagon.

But the ridiculously high prices gold stickers saw for a while were 99% driven by one foolish investor. Once that investor realized his error, and not only stopped buying them up, but dumped most of them at auction, the market gained normalcy.

It was an abberation. >>

This....

CuKevin · January 17, 2014 12:55AM

<< 

Personally, I've seen coins in MS60 holders (gold) with CAC stickers selling for MS63 prices. Now maybe gold sticker coins are under graded but not by 2-3 points.

By the coin, not the slab and certainly not any kind of sticker.

I recently bought a couple coins in ANACS and NGC holders that you ask yourself, "why are these coins in this holder?" Paid low prices, got a very nice coin! I think the PCGS craze has created a tremendous opportunity to buy nice coins at cheap prices (in non-PCGS holders) and then submit to PCGS for grading.

The key is one has to know how to grade to know whether or not the coin (in any holder) is average, nice for the grade, high end for the grade, or under graded… >>

I agree with mercurydimeguy, buy the coin not the holder and yes it is an excellent time to pick up coins in other holders for a discount.

Howevever, I think something that gets missed a lot is that the stickering Co. is NOT a grading company. JA is telling the market what coins he will buy sight unseen and how nice he thinks they are. However, since the true nature of his business is in buying and selling these coins, he does have to be cautious about giving gold stickers to coins he thinks will upgrade (there's always the chance they won't, etc.). For instance, many of us here know that some gold coins have to be 1.5-2 points undergraded according to JA to get a gold sticker. As for MDG's assertion that gold stickered coins are not undergraded by 2-3 points, I have seen an NGC 40 (maybe 45) GREEN stickered coin get into a PCGS AU 53 without anything being done to the coin. This can happen because the stickering company is NOT a grading company. That's just the level he would buy the coin at.

Edit due to misplaced quotes.

Staircoins · January 17, 2014 4:41AM

<< 

<< Common coins with gold stickers have dropped in price. Rare coins with gold stickers continue to command a premium. >>

Excuse my ignorance, but are you able to show me an example of a rare coin with a gold CAC sticker? >>

PCGS pop 15 in all grades, Total estimated surviving is 35 examples

(Disclaimer: I no longer own this coin)

Manorcourtman · January 17, 2014 6:10AM

I haven't followed them recently, thanks for the info peeps!

So, were the strong prices for gold stickered CAC coins just another tulip craze??

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