Question that's never been answered -- does lack of a CAC bean (assuming it's been submitted) mean it's WORSE than PO1 or BETTER (and thus a FR2)?????
This is a common misconception.
A CAC sticker on a PO1 coin doesn't mean it has less wear (and is almost or is a FA2) but rather it is an attractive PO1. The wear can be significant and complete for the grade and if the overall appeal is positive CAC will award the sticker.
CAC doesn’t necessarily require that coins be attractive at the assigned grade.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@logger7 said:
It looks like PCGS has certified 61 P01 1916 25c coins, at least at this level there are few crackouts. Then you could try to get the cac sticker which looks to be hard at only 11 approved.
Question that's never been answered -- does lack of a CAC bean (assuming it's been submitted) mean it's WORSE than PO1 or BETTER (and thus a FR2)?????
CAC bean always means high end for the grade.
It most certainly doesn’t. It means solid for the grade or better - A quality or B quality, but not C quality.
Isn't that the "high end" of the grade as opposed to the "low end"? The question was simply asking high or low. I didn't feel the need to be any more specific.
I stand by it.
All comments reflect the opinion of the author, even when irrefutably accurate.
@Cougar1978 said:
That is the most worn slick one have ever seen. Somebody will pay melt for that?
A lot of people would gladly pay quite a bit over melt. If you have enough time to post messages illustrating how clueless you are about the thread subject, you should also have the time to look up the value of a 1916 Standing Liberty quarter in poor condition.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@Cougar1978 said:
That is the most worn slick one have ever seen. Somebody will pay melt for that?
Wow, did you even look at the comments immediately before yours? Might be a good idea...
lol don’t care what it is, not for me - it’s been ruined by circulation wear (worn slick). However if somebody buys it - it’s their money.
With that stated, if a collector came to your coin both at a show and presented to you with the OP's quarter and stated they wanted to sell it to you for $200.00, would you purchase it? And, if so, why so in light of your statement above?
@Cougar1978 said:
That is the most worn slick one have ever seen. Somebody will pay melt for that?
Wow, did you even look at the comments immediately before yours? Might be a good idea...
lol don’t care what it is, not for me - it’s been ruined by circulation wear (worn slick). However if somebody buys it - it’s their money.
With that stated, if a collector came to your coin both at a show and presented to you with the OP's quarter and stated they wanted to sell it to you for $200.00, would you purchase it? And, if so, why so in light of your statement above?
Before I looked it up I didn't know there were people paying that kind of money for this date.
I wouldn't have been a buyer at $200 BUT now knowing I could possibly flip it for 2x-5x...I'd have to give it a second look and probably shop it around before I spent $200.
Personally I wouldn't keep it in my collection.
Coin just arrived. Even more beat-up than I hoped. Apologies for my coin photography skills. They are a work in progress. Presented without comment are pics below:
@bru said:
I have the advantage of having it in hand. Leaning more towards Poor Details.
Why do you think details? I see a couple of very small rim dings, and a few very thin shallow scratches. Plus lots of honest wear and nice crusty surfaces.
Circulated coins aren't expected to be perfect. Since I have no skin in the game, I'll predict that this gets a straight grade.
This is a very cool thread; the idea that a coin that most of us (especially when I was a kid and SLQs were still in circulation) would have ignored might be a verifiable 1916 is remarkable!
@mr1931S said:
I wonder if Nic-a-date would bring the date out on this worn out old lady.
NO, nic-a-date only works on nickel.
There was a silver nic-a-date at one time, but was taken off the market.
Ferric Chloride not the right stuff for treating silver then.
This is not a coin that is simply a low ball. It is a key date.
I've looked at a few worn out old ladies in my day, looking for the key date, as you say. Never have found one. So, someone actually finding one is pretty cool in my book.
If a picture wasn't going very well I'd put a puppy dog in it, always a mongrel, you know, never one of the full bred puppies. And then I'd put a bandage on its foot... I liked it when I did it, but now I'm sick of it.
Norman Rockwell
Comments
CAC doesn’t necessarily require that coins be attractive at the assigned grade.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
"A green CAC sticker means that the coin is solid for the grade it was assigned." -- https://www.cacgrading.com/doc/stickering-frequently-asked-questions
Isn't that the "high end" of the grade as opposed to the "low end"? The question was simply asking high or low. I didn't feel the need to be any more specific.
I stand by it.
All comments reflect the opinion of the author, even when irrefutably accurate.
That would be the high end as opposed to the low end. I stand by it in the context of the question asked.
Yes, we all know about the ABC business. The question asked was far simpler than that. He asked better or worse.
And no one better EVER accuse ME of nitpicking again. 🤣🤣🤣
All comments reflect the opinion of the author, even when irrefutably accurate.
A lot of people would gladly pay quite a bit over melt. If you have enough time to post messages illustrating how clueless you are about the thread subject, you should also have the time to look up the value of a 1916 Standing Liberty quarter in poor condition.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
You’re nitpicking (again).
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Fortunately, I'm in good company. 😅
All comments reflect the opinion of the author, even when irrefutably accurate.
Is that "Good" with a sticker?
Gold sticker.
All comments reflect the opinion of the author, even when irrefutably accurate.
lol don’t care what it is, not for me - it’s been ruined by circulation wear (worn slick). However if somebody buys it - it’s their money.
chopmarkedtradedollars.com
With that stated, if a collector came to your coin both at a show and presented to you with the OP's quarter and stated they wanted to sell it to you for $200.00, would you purchase it? And, if so, why so in light of your statement above?
Before I looked it up I didn't know there were people paying that kind of money for this date.
I wouldn't have been a buyer at $200 BUT now knowing I could possibly flip it for 2x-5x...I'd have to give it a second look and probably shop it around before I spent $200.
Personally I wouldn't keep it in my collection.
Hello friends!
Coin just arrived. Even more beat-up than I hoped. Apologies for my coin photography skills. They are a work in progress. Presented without comment are pics below:
I still think it would grade out as a 1916 with PCGS in a PO1 slab.
I have the advantage of having it in hand. Leaning more towards Poor Details.
Nice score!
He's just being consistent....
@bru
@Cougar1978
Looks like you got a goodie there! Congratulations!
Why do you think details? I see a couple of very small rim dings, and a few very thin shallow scratches. Plus lots of honest wear and nice crusty surfaces.
Circulated coins aren't expected to be perfect. Since I have no skin in the game, I'll predict that this gets a straight grade.
This is a very cool thread; the idea that a coin that most of us (especially when I was a kid and SLQs were still in circulation) would have ignored might be a verifiable 1916 is remarkable!
Sunshine is at it again, bringing cheer wherever he goes....
A new poster who insists on being conservative in evaluating his own material?
I like the cut of your jib.
Congrats on a keen eye/great find!
Ferric Chloride not the right stuff for treating silver then.
This is not a coin that is simply a low ball. It is a key date.
I've looked at a few worn out old ladies in my day, looking for the key date, as you say. Never have found one. So, someone actually finding one is pretty cool in my book.
If a picture wasn't going very well I'd put a puppy dog in it, always a mongrel, you know, never one of the full bred puppies. And then I'd put a bandage on its foot... I liked it when I did it, but now I'm sick of it.
Norman Rockwell