Known CAC reject or lower grade stickered?
topstuf
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Your choice is between 2 "attractive" coins of same type.
You know for certain that the higher graded coin was rejected by CAC.
Let's even make the higher grade coin an XF and the lower grade is a Fine with a green sticker.
Both are eye pleasing for grade.
You can't have both.
Which do you buy?
Known CAC reject or lower grade stickered?
This is a private poll: no-one will see what you voted for.
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It depends why it was rejected.
If the XF was rejected because it is "only" a choice VF, I'd take that. If it was, on the other hand, rejected because CAC thinks it's been worked over, then the F.
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If they were the same price it would be absurd to drop from an XF to a F12/15 just for a sticker. If they are both eye appealing to you I don't know why one would be willing to give up so much detail just for the sticker.
It's unknown and both coins are solid for grade.......by appearance.
I'd like to piggyback onto CRO's comment and add that price level would have a potentially large influence on the decision. A $150 coin without a CAC sticker is one thing for current and future liquidity while a $15,000 coin without one can be something entirely different.
In honor of the memory of Cpl. Michael E. Thompson
Should I re-do the poll with every possible permutation of an encyclopedia of possibilities?
Both coins are moderately common.
And yes, now I anticipate "neither".
How about add LOL as a choice? Or I wish beanie babies would make a comeback?
Better yet (and still LOL).....
Both coins are priced at TOP of "guide"
And
You know you'll have to sell "it" in 2 months because you might lose your job and then you do.
I have already been through this. A dealer had a coin I needed for my set. It was graded MS-63 with smooth, mark-free surfaces, satiny luster and a small black spot in the field.
The dealer thought it was so nice that he sent it in to PCGS for an upgrade. It did not upgrade. It also flunked at CAC. I made a counter offer to the dealer, which one of his employees told was below his cost, and he accepted it. I'm happy with the piece, and I hope dealer not too upset with me. I like the coin better for the grade than a few of the CAC'd coins I have seen.
There’s no way I’d take a F CAC coin over an XF coin if there’s nothing wrong with the XF one.
But if I had a choice between a non-CAC 40 and a CAC 35, assuming both coins are attractive I’d probably take the lower grade one unless there’s a huge jump in price.
I'd picked the higher grade reject but it depends on which coin I could make more money on. Therefore, the initial COST of each would be the major factor.
I agree with the sentiment expressed by others... I normally try to collect across a series at the same grade level, so whether or not the F CAC would look out of place would factor into my decisioning. If the non-CAC was attractive enough, then maybe. If I didn't like it, for whatever reason, assuming it's a readily available issue, I'd probably wait for a nicer XF example (not necessarily CAC) rather than settle for the F CAC.
are you a dealer? you are planning on flipping the coin 2 weeks later?
Bear in mind that the sticker will not get me to buy unless the coin is very appealing on its own.
Like slabbed coins, I don't buy raw and submit. I'm too old to do that as I might not last til they come back.
I would buy the coin I like the most.
I don't really make decision based on what others think of a coin.
That's commendable and exactly right for you.
Based on the OP question/information, I would likely take number one.... I buy coins based on what I see and like, and I do not sell...so the bean (which is really a sales tool) is not relevant in my consideration. Cheers, RickO
There are coins that cac would reject even if the coin were downgraded a level or two; rejected due to a hit; rejected due to a minor spot, a light scratch, or any one of a number of reasons. They have high end customers who trust them to screen out things that may irritate them. Most collectors and dealers are not so fussy. The last thing someone wants is a "problem" piece even in a fairly graded holder. People want assurance.
I had a better Buffalo nickel worth around $250 that a customer returned saying he didn't like it. Cac stickered it and I sold it for more. It is a lot of work to do the double certification, lots of grading and shipping costs and time. I don't know how people do it with the tiny profits in many cases.