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Which would you prefer? AU 55 Gold or 58 Green bean
BIGAL2749
Posts: 742 ✭✭✭✭
I may very well be counting my chickens before they hatch but I have yet to send a 1796 quarter for a CAC review that I believe stands a good chance of meriting a Gold bean. I once brought it to a major show and the five dealers I showed it to (all 5 are well accustomed to the early type market and trade in such) felt it was a no question 58.<br
Went to the show with intension to resubmit but after getting their opinions felt it may well be a waste of money since my experience with auctions is that coins sell for their real value and it will probably be my heirs who sell it anyways.<br
So, if I was fortunate to get that gold bean, would you leave it in that older holder or a new holder that might just as easily merit a green bean.<br
I once posted it on the forum (however poor photos) but now can't find the thread
Went to the show with intension to resubmit but after getting their opinions felt it may well be a waste of money since my experience with auctions is that coins sell for their real value and it will probably be my heirs who sell it anyways.<br
So, if I was fortunate to get that gold bean, would you leave it in that older holder or a new holder that might just as easily merit a green bean.<br
I once posted it on the forum (however poor photos) but now can't find the thread
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Did you acquire the coin recently? If so, there's an excellent chance the coin was already seen and rejected by CAC. Nobody is going to sell a $50-60k coin without first trying to get a bean on it. I'd be over-the-moon excited to have any 1796 quarter, let alone one in mid-AU range. I just read today (IIRC) that CAC has seen something like 700,000 coins and given out fewer than 3,000 gold stickers. That's less than 1/2 of 1 percent.
But, to answer your question, I'd prefer the coin to be in a holder that I thought was graded correctly, with a green bean. I sorta like it when the experts all agree. Others will have different opinions.
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I think he just wants his hypothetical question answered. 58 green vrs 55 gold.
From that perspective, the 55 gold would be the choice. I don't know if the coins really sold at those prices, but at the shows I've seen gold beaned coins priced at levels that were even high than the price would be if the coin were in a holder with a grade one or two levels higher. I makes not sense to me, but I guess speculative up-grades encourage even more speculative prices.
they stay. Cheers, RickO
On a 1796 25c with either a green sticker or a gold sticker that coin is going to be a monster beauty in any grade.
At the last Baltimore show I only was able to glance at a 1796 pcgs ms62 ogh CAC that went through a dealers hands and the coin looked beautiful.
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You will notice that multiple DEALERS/EX-DEALERS in this thread chose this option.
If I wanted to keep the coin to enjoy and possibly put it in a Registry Set....
properly graded by today's standards with Green Bean would suit me just fine.
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I witnessed a guy showing his gold bean coin at a show to Bob (not his real name) from my coin club (set up next to me) that "its really a (higher grade)." Bob simply laughed and asked "Why are we having this conversation, why have you not sent it in (to get the higher grade).?"
mark
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......
mr1874 concurs.The OP'S 1796 quarter sounds like a Choice About Uncirculated specimen to me.That's what my Coin World holder would say on the label,"Choice About Uncirculated."
Anyway BIGAL,I hope you get the gold bean you want.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
This isn't to say that I avoid stickered coins, it's just that based on what I have seen, I won't pay any premium for them.
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The other 4 dealers were also very knowable professional but again standards have changed for all of us..
I don't believe Harry Laibstain or Stu Levine are forum members but wonder if Don Willis or David Wnuch on the forum can remember the coin.
DaveW did suggest to leave it in the holder since many times dealers at auctions could go nuts with under graded coins in earlier holders.
Holder isn't that old but at least a pre '98 since I bought it then.
I did post pictures of it in an earlier thread that I can't find now but those are very poor like most of my pics.
How do I find old threads and link them?
Best, SH
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