Lowball $2.5 Gold with CAC - I'm not into lowball, but I kind of like this...
jmlanzaf
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Some of them are neat, as long as it's honest wear.
Great transactions with oih82w8, JasonGaming, Moose1913.
Honest wear gold is indeed charming
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......
That's not dumb. But it will have to do til DUMB shows up.
In this case, does CAC mean it’s pushing AG or Poor?
I’m a HUGE fan of certified lowball US gold, but this example seems heavily hairlined, at least based on the pics. I’d pass.
Dave
My theory is that if you wanted a true best of class lowball set you need to have invoices showing you sent the coin to CAC but it didn’t pass.
Was thinking the exact same thing. Surprised to see the bean on it.
Not low enough
I sent my first submission in for a lowball. Is a 1917 D 25c type 1. Doesn't have a date but the rest is gorgeous. Only D without stars in the whole series IIRC. Not sure how its gonna grade but I guess we will find out.
It's a treasure from a family member and is maybe XF40 at best, save for the date which is just... gone.
I've entertained worn gold. Some pieces are very attractive. This one unfortunately is not. There are nicer for the same or cheaper.
I am not a fan of low ball coins... however, I am a gold bug and I have gold nuggets... soooooo
Cheers, RickO
I think even JA would probably say this is not the type of coin that should be sent to CAC.
Yeah. I don't understand the point of CAC on a lowball
All comments reflect the opinion of the author, evn when irrefutably accurate.
Honest wear gold is indeed charming.
yeah, about as charming as, well, nevermind..............................
I'm not convinced that this coin didn't have help. Someone could easily take a harshly cleaned XF coin that's only worth melt value, wear the coin down using fine sandpaper to GD, polish out the scratches from the fine sandpaper, and then carry it with your pocket change for awhile until it's worn down to AG and the surfaces look like normal circulation wear.
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
I'm guessing FA-2 has a lot of leeway with hairlines.
Except what would be the point? At the price offered, you would lose money. A raw XF even harshly cleaned would have sold for a premium over gold. By the time they paid for slabbing and CAC certification, they would have $300 into it.
All comments reflect the opinion of the author, evn when irrefutably accurate.
I too thought it was pretty hairlined.. but I'm wondering if the lighting/pictures is making it look worse than it does in hand. I've seen MS-62 gold with just as many hairlines when the light hits it just right.
Actually from what I have seen, as a lowball it's priced pretty cheap compared to what others price them at! I expected to open the link and see an offer price of double to triple the asking price!
Are you saying that you would pay more than melt for a harshly cleaned common date Indian quarter eagle? Don't forget that collectors do some screwy things to coins even when it doesn't make sense from a financial viewpoint.
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
Maybe the market is the millennials.
I'm saying that all genuine $2.5 gold eagles sell for more than melt. I would pay melt (wholesale) for a harshly cleaned common date quarter eagle.
Even at melt, it is $220 raw and $300 after (according to you) you spent time polishing and prepping it and paid $50+ in grading fees.
All comments reflect the opinion of the author, evn when irrefutably accurate.