Can a 50 coin OGH CAC Commem Set be accomplished???

Proofmorgan · December 2, 2015 3:35AM

Hi all,

I've been working for about 2 years on an OGH CAC Commem set in 65 and higher. I've made it just over 20% of the way. My standards are: OGH, CAC, 65 or better, and nicely toned. So far this has been an exciting and challenging endeavor.

I'll admit I let a few coins go by that exploded into the 5 figure levels, waiting for them to show up again or settle for a less lofty grade/coin. Of note was a pan pac for around 10k, amongst others.

I've also passed on a couple coins because they weren't quite as nice as I'd like. These were cheaper coins, but I was disappointed to see them back for sale in the next auction in a new holder with just a plus grade.

I did settle on a 64 Hudson in the Doug Kasselitz Collection, but that coin was amazing.

With the gradeflation and the crack outs, I'm slowly starting to lose hope. The borderline coins I pass on are cracked for attempts at higher grades. I'd assume that anything that meets my standards surely would be, unless I get first shot in an auction or other sale. The offerings have been very dry in the last 6 months and most I've passed on are in new holders now.

Also, I've never seen an OGH Hawaii or know of one. The prices jumps on this issue seem too tempting not to crack.

What do you think?

jerseycat101 · December 2, 2015 3:40AM

I never understood, or will understand, limiting your coin selection to the generation of holder the coin is contained in.

I understand having an all-PCGS collection, to a point, but to limit yourself to a all OGH set severely limits the set candidates, and thus, likely reduces the quality.

Proofmorgan · December 2, 2015 3:51AM

The purpose of the restriction is the challenge. I can easily buy the whole set today in grades of MS67-68 CAC with amazing toning......but where is the fun in that.

TomB · December 2, 2015 3:53AM

Originally posted by: jerseycat101

I never understood, or will understand, limiting your coin selection to the generation of holder the coin is contained in.

I understand having an all-PCGS collection, to a point, but to limit yourself to a all OGH set severely limits the set candidates, and thus, likely reduces the quality.

I understand the thought process and think it fits in quite nicely with how many collectors think. It can reduce quality, but if one has the requisite discipline then, at most, it would appear to restrict the volume of acquisition.

oih82w8 · December 2, 2015 3:56AM

I can certainly understand the challenge, this would be a tough feat to accomplish.

asheland · December 2, 2015 4:10AM

It would be cool to have them all in the OGH

CommemKing · December 2, 2015 4:13AM

Good luck. I found it tough enough completing the regular 50 piece set in PCGS 64 or better with nice coins. It still has room for improvement. To put together the entire set with those restrictions and with nice coins will be a tough endeavor.

Boosibri · December 2, 2015 4:15AM

I understand this collecting principle for a set like commems where they are common as dirt but when you restitution the parameters can still be a fun and engaging set to pursue.

Nap · December 2, 2015 8:03AM

I think you'll be passing on some quality coins for no other reason than the sake of getting the right colored holder tag. It doesn't appeal to me. There are other ways to make commemorative collecting challenging.

Booger9989 · December 2, 2015 8:25AM

I started this about 6 years ago. The same set and guess what? I stopped. It was getting harder and harder to find coins I liked so in the SDB they went. Haven't added to it in over a 2 years. If you decide to do it send me a PM . You may like some of the coins I have. Doubt I will continue it any time soon.

Broadstruck · December 2, 2015 8:45AM

I know quite a few commem collectors who are working on or have done specific type holder sets without settling on sub quality coins just to fill a void. So it can be done as there's still a lot of great commems in OGH's out there and in fact I feel a 144 piece set could also be done.

LindeDad · December 2, 2015 8:54AM

Hope you live long and prosper in the quest. But I and others will be waiting to see the finished set.

Cougar1978 · December 2, 2015 9:00AM

Its possible if you want to pay thru the nose for it.

SeattleSlammer · December 2, 2015 9:10AM

Here's a nice looking OGH CAC Elgin if you still need one...

linky

etexmike · December 2, 2015 9:46AM

I feel your pain and can take it one step further.

I read all the responses and can understand the point of most.

I do have to agree with Broadstruck however on this one even if the 50 piece set will be enough of a challenge for me.

My Commem Rattler Set

Mike

Proofmorgan · December 2, 2015 10:07AM

Thanks for the responses. It can definitely be done, but doing it at 65 plus and quality is what makes it difficult. 95% of advertised coins are far below my standards. Seattle Slammer, I'm been watching that coin for some time. It's honestly a $500 coin in any other holder. I'm not committed enough to pay $500 more for the plastic. Furthermore, the seller said they wouldn't not budge at all, even off eBay. Etexmike, beautiful set!

cmerlo1 · December 2, 2015 10:08AM

Things like this make collecting fun and challenging.

etexmike · December 2, 2015 10:25AM

Originally posted by: Proofmorgan

Thanks for the responses. It can definitely be done, but doing it at 65 plus and quality is what makes it difficult. 95% of advertised coins are far below my standards. Seattle Slammer, I'm been watching that coin for some time. It's honestly a $500 coin in any other holder. I'm not committed enough to pay $500 more for the plastic. Furthermore, the seller said they wouldn't not budge at all, even off eBay. Etexmike, beautiful set!

My set is not all 65's so I appreciate your effort if you try. Putting the set together using just that grade and higher can be a challenge, but a fun one.

I think nice coins are out there and in every type of holder.

Mike

ScarsdaleCoin · December 2, 2015 11:53AM

Check my site have a few that might work for you

TonerGuy · December 2, 2015 1:31PM

Good luck.... and dont pull out too much hair.

I tried to do a MS Walker Short Set in MS64/5 in old NGC Soap Slabs... got about 50% there and quite. You have to be very patient to do what you're doing.

ricko · December 2, 2015 10:02PM

Certainly a challenging goal.... collectors often set parameters that others do not relate to.

I have a set of commemoratives that are from states I have lived in....Cheers, RickO

JJSingleton · December 2, 2015 10:30PM

Should be very challenging for sure. The problem with this kind of set is that patience works against you. Everyday a great looking gem commem in an OGH is cracked and resubmitted in hopes for an upgrade, especially those that would qualify for CAC. Good luck and keep us posted.

winky · December 2, 2015 11:20PM

Good luck on that one. I think it depends on how long you have and how much money. If you got both then go for it but don't bet on it.

TwoSides2aCoin · December 2, 2015 11:24PM

In this day and age, one goes to the King and asks "May it be done, sire ? ", not "Can it be done ? ". And the Kings answered :

"maybe"

CommemDude · December 4, 2015 4:09AM

It can be done. I put together a gem set with 47/50 coins in OGHs then gave up because I lost patience looking for nice coins.

Since there is no premium for a completed set, its essential that every single coin be PQ and meet your standards so you can get out intact when you sell.

I recently sold the Hawaiian 66 OGH from the set and its now in a tab holder 66+ probably headed for 67 in this brave new world of grading

So your best bet is to tap other collectors for coins that have not been languishing in the marketplace because they are clearly not worth submitting for upgrades

PTVETTER · December 4, 2015 4:21AM

That would be a really cool set

illini420 · December 4, 2015 4:23AM

There are so many commems out there, I think you could do the set in rattlers only if you really wanted to!

Proofmorgan · December 4, 2015 4:42AM

Thanks guys. I have no doubts it can be done, but the goal is with premium CAC coins. It seems the OGH CAC coins are cracked for upgrades and the dogs are left in OGH in hopes of a modest increase due to the holder alone. 90% of OGH coins on collectors are non-CAC, low grade, or plain blast white coins. If you do your research you'll find the OGH CAC coins often go for the next grade at auction or close. That said, I don't understand the logic in cracking and paying the fees for just a chance at an upgrade. Almost all of the coins I passed on were awarded a +, but went for close to the next grade when sold in OGH. The seller will definitely take a loss upon resale (I have seen it). Lastly, even today the premium for the old holders is borderline ridiculous at times IMO. What will people be paying in 20 years when there are very few left?

jom · December 4, 2015 6:47AM

Originally posted by: Proofmorgan
The purpose of the restriction is the challenge. I can easily buy the whole set today in grades of MS67-68 CAC with amazing toning......but where is the fun in that.

I respect your collecting wishes but I simply don't understand that last statement. I think putting together a nice toned commem set (that has been CAC'd) would by quite fun regardless of the holder.

I do agree a bit more with JerseyCat on this but I see where TomB is coming from as well. There are a lot of commems out there so if you are patient I'm sure you can get it done in the old holders.

jom

BG · December 4, 2015 3:25PM

Originally posted by: Proofmorgan

Hi all,

With the gradeflation and the crack outs, I'm slowly starting to lose hope. The borderline coins I pass on are cracked for attempts at higher grades. I'd assume that anything that meets my standards surely would be, unless I get first shot in an auction or other sale. The offerings have been very dry in the last 6 months and most I've passed on are in new holders now.

Also, I've never seen an OGH Hawaii or know of one. The prices jumps on this issue seem too tempting not to crack.

What do you think?

Why not add NGC Fatty coins to the set?

Broadstruck · December 4, 2015 8:17PM

Originally posted by: CommemDude

It can be done. I put together a gem set with 47/50 coins in OGHs then gave up because I lost patience looking for nice coins.

Since there is no premium for a completed set, its essential that every single coin be PQ and meet your standards so you can get out intact when you sell.

I recently sold the Hawaiian 66 OGH from the set and its now in a tab holder 66+ probably headed for 67 in this brave new world of grading

So your best bet is to tap other collectors for coins that have not been languishing in the marketplace because they are clearly not worth submitting for upgrades

Here's CommemDude's OGH MS66 Hawaii which I photographed a couple years ago.

BillJones · December 4, 2015 9:15PM

I buy the coins I like. They can have green labels, blue labels or blue fade to white labels. I actually don't care for rattle holders. They can be NGC coins. It's too restrictive to play the label game, especially the obsolete label game.

Can a 50 coin OGH CAC Commem Set be accomplished???

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