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How to Value/Price a slab with a green bean
sundance79
Posts: 5 ✭✭
I know everyone largely agrees that a CAC green bean adds value to a slabbed coin. But how much value? How would you price it? For instance, if you have a coin that is MS64 with a green bean, would you price it like an MS64+? MS65? A little less than a +? I ask because I've seen coins with a green beans sell for no added premium over the listed grade, to a full grade value over the stated grade.
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These days, I’ve seen the green bean add up to 100% which in my mind is just silly. Lately, I’ve bought a few non stickered eye appealing coins because 50% is such a huge discount for a still great coin.
As a starting point, you can reference the CPG CAC pricing, either through a Greysheet subscription or on CAC's website. From there, check comparable sales on GC, eBay, and other auction platforms. As tradedollarnutcase noted, some coins have wide premiums with stickered coins.
Superb collections are built more by omission than by addition.
Depends on the series, grade, price, etc etc. There is no hard and fast rule.
chopmarkedtradedollars.com
It depends on the coin. I've seen CAC stickered coins that were very unattractive that I wouldn't pay normal retail unstickered price for.
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
It may not add anything tangible, just make the coin easier to see. For common coins with eye appeal it helps; it's the hard to find coins or those subject to problems where the sticker adds a lot.
Did you mean "sell" rather than "see"?
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 certainly understand what the OP is asking and here we have a very salient point that is not being discussed much at all as we dive down distractions and rabbit holes . . . . .
I was an early convert/member/user of CAC and took quite a few years to sort out my thoughts and attitudes towards the firm and its impact on numismatics. At the very beginning, I did find it quite humorous that I would receive a couple CAC common Morgans along the bourse floor, then they would end up in my humble inventory. For some strange reason, even the crusty old stereotypical elderly dealers with the bushy nose hairs picked them out of my cases FIRST. Sure . . .they would fire off a few negative comments about the frivolity of a 'sticker', just as they tried to buy 'back of bid' and then jack up the same CAC Morgies when they could get them situated comfortably in their own cases.
Fast-forward to now. On the bourse floor . . . at GC . . . traditional auction houses . . . the sticker is a positive money maker at the depth of the pool that I play in. Sometimes the value is not just calculating the simple math of cost + sticker = ask. I like as many stickered coins as I can get BECAUSE I watch hundreds of show videos and attend many local and Regional shows . . . and the cases with the stickered coins have more interest, eye appeal, and 'cool coins'. Dealers who know may not have ALL stickered coins, but they know the ones they DO have draw attention to the entire 'presentation' where others may not.
I realize the variables. Sure, there are errors. There are also huge market impacts for those that play in the deep end that actually make a bottom line difference. BUT . . . for the average guy walking the bourse floor who knows enough about coins to be a bit dangerous? The sticker rules . . . . . . . . . .
Opinions, stickers and plastics tell me nothing about a coin.
Practice makes perfect & nobody is perfect. So, practice being nobody.
All good points. Another variable is sticker rarity. For example, a 1921-S Lincoln in MS RD has relatively few stickered examples given the slabbed population. The stickered ones trade for more of a premium than average.
https://pcgs.com/setregistry/showcase/2819
Each of the above can tell you quite a bit about a coin. Whether you’re open to hearing it and/or you agree with it can be another matter.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I collect mostly very early federal type, where CAC stickers tend to be on the scarce side. Example, I have a stickered 1799 cent in VG-8 that is one of only three in that particular grade, and one of only thirty or so across all grades and varieties (including the 9/8). To my thinking, the fact that it is stickered is much more impactful and desirable than say, a sticker on a 1938-D Buffalo. Not knocking Buffalo nickels, I really like them, but I’m not sure a sticker on that date/series is as much of a factor on price. Perhaps I’m not thinking of this correctly, but that’s my perspective - on some coins it is huge due to “sticker scarcity”, on others it’s great but not as a factor on price. Another example:
Other passions include golf, Moto Guzzi motorcycles, and Euro motorcycles in general.
Chris
I collect common date high grade coins. When I sell a coin with a green sticker on EBay it seems easier to sell and I can get a better price much of the time
I’m open to seeing. And without seeing the coin , none of the above tell me a thing. I need a visual.
Addendum: From an investors standpoint, I can agree Mark. “Buy the rumor, sell the news” comes to mind.
Practice makes perfect & nobody is perfect. So, practice being nobody.
Very difficult to answer the OP's question with a comprehensive answer because there are variables to consider. Many complain (me included) that the CAC price guide lags considerably to the market and just from a benchmark standpoint, in a rising market, it can be difficult to figure appropriate value. While the guide will always be a lagging indicator, I'd say the normal recency delta is not being adequately maintained by Greysheet.
And without the OP identifying a specific series and/or date and identifying grade level, it's pointless to provide a generic response.
In the seated liberty half series I collect, the available CAC population of all grades for the date and in specific grades can influence what premium I'm willing to pay for a CAC example. The series is also trending up aggressively (see recent auction results for evidence). One wonders if now is the time to sell!
Lastly, there is the eye appeal factor. While that can be a distinct element regardless of sticker status, premiums for unusual eye appeal can be significant - it is the ole "find another" factor and whether dealer or collector, they often know the demand for what they have. One can expect to have to pay up to acquire a distinctive coin.
"She comes out of the sun in a silk dress,
running like a water color in the rain...."