Will it CAC?

RCA_Collection · March 12, 2021 4:05PM

Thinking about submitting my 1809 Bust Dime for CAC.
Grading is very conservative, surface is a nice Battleship gray.
However, 2 small rim nicks and a small mark in the right obverse field.

RCA_Collection · March 12, 2021 4:07PM

It's graded F-15

crazyhounddog · March 12, 2021 4:07PM

Hmmm,
Fine 15? Would help to have more detailed images to pass judgment.
Good luck

braddick · March 12, 2021 4:08PM

Looks CAC worthy for a FN15 grade. I'd think it would green yet probably not gold (as the problems you state would prevent it).

I am a bit curious though as to why you would want to do so. Anyone who collects these early dimes will see it for the strong attributes it has and not need CAC's approval.

vplite99 · March 12, 2021 4:08PM

Please let us know.

Desert Moon · March 12, 2021 5:17PM

Yes, that is a CAC coin IMO!

RCA_Collection · March 12, 2021 5:18PM

Good point braddick. It really shouldn't matter if it stickers. As I was looking to upgrade, a VF-25 became avail, and then I decided to compare it with mine. I was amazed at how close mine compares both w/details & appearance, and I thought about sending it out. As most of my Bust dimes, quarters & halves are CAC'd, the premium they bring when I find a nice upgrade makes it worth giving it a shot.

braddick · March 12, 2021 5:22PM

Oh, definitely, if you think it will CAC gold. I was under the impression on your original post you didn't think it would.

cameonut2011 · March 12, 2021 5:26PM

There is no way I could see the surfaces well enough to tell you. If it fails, it will likely be because of surfaces (e.g. hairlines that might not show),

Cougar1978 · March 12, 2021 6:08PM

Yes - CAC green

Crusty · March 12, 2021 6:21PM

My vote - Green bean worthy

RYK · March 12, 2021 7:22PM

Yes

Walkerfan · March 12, 2021 7:35PM

I vote Yes.

Looks unmolested, which is what CAC appreciates.

Walkerguy21D · March 12, 2021 8:08PM

That is a very nice example, and I would hope that CAC thinks so too.

steveben · March 12, 2021 8:11PM

yes

winesteven · March 12, 2021 8:12PM

@braddick said:

I am a bit curious though as to why you would want to do so. Anyone who collects these early dimes will see it for the strong attributes it has and not need CAC's approval.

PCGS has graded 9 as F15, plus some of NGC’s 6 graded as Fine could be there as well. CAC has applied their sticker to only 3, so for a $2,000 coin, spending $15 plus shipping could add value.
If it indeed succeeds in getting a CAC, that could make it so much easier for @RCA_Collection (or his/her heirs) when selling to get fair value.
For a $2,000 coin, the question should not be “Why would you want to spend $15 or so to get a CAC?”, but the question should really be “Why wouldn’t you spend $15 or so to get a CAC?” For some, the answer to this more important question could be psychological, in that they may not want to recognize that many of their coins won’t merit CAC stickers.

Steve

JBN · March 13, 2021 7:28AM

@winesteven raises excellent points.
For his first point, the older/classic issues (where PCGS/NGC population numbers are not likely to increase substantially over time) CAC approval will certainly add value.
To his second point, when your heirs sell the coin, savvy buyers may make the assumption that the coin was submitted to CAC and did not pass, and will factor that assumption into their buy offers.
If you are a collector submitter, it is my understanding that CAC will not bill you for a coin that does not pass. You are still out shipping costs.
Based on you photos the coin does not show obvious problems and may pass CAC, IMHO.

ricko · March 13, 2021 7:28AM

It appears - from those pictures - that it will receive a sticker.... would like better pictures... but go ahead and send it in.... Let us know what happens. Cheers, RickO

keets · March 13, 2021 7:43AM

so now we can consider several small, tilted not really focused images and determine worthiness at CAC??

when will the madness stop??

steveben · March 16, 2021 6:52PM

yeah, be sure to let us know what happens

coinkat · March 17, 2021 7:56AM

The coin looks okay. I would not bother with a CAC review on this one as it simply is not needed. A straight on photo would help with assessing the grade but if folks need a confidence booster at this grade level, it seems that there are larger issues at play.

trueblood · March 17, 2021 8:40AM

Just from the mile away photos an easy green sticker

astrorat · March 17, 2021 9:33AM

@coinkat said:
The coin looks okay. I would not bother with a CAC review on this one as it simply is not needed. A straight on photo would > help with assessing the grade but if folks need a confidence booster at this grade level, it seems that there are larger
issues at play.

One could argue the same about having the coin certified. In fact, that was argued in the late-1980s before the dependence on TPGs became epidemic.

Why is this coin even in a TPG holder? Clearly, if you know the series, there is no need. Then again, the current market says different. Early Bust material benefits greatly (value wise) form being certified (preferably by PCGS) and with CAC approval. To disregard this places the collector at a financial disadvantage.

As a collector, submitting "nice, original" Bust/Seated/Barber coins to CAC is a no-brainer. The increase in liquidity far outweighs the costs associated with the sticker. No sticker? Then you just got a almost free reality check on your ability to spot accurately graded, original coins.