LDH Coins & Memorabilia

WOW, this is probably the best advice (price wise) for all my newbie questions to date  I do realize this is not the time to purchase Peace or Morgans and I need to be satisfied that I completed both sets (but I want to upgrade some grades and mint marks) and not to strike it big LOL. Thanx again for the advice and help. I guess there are more dishonest people in the hobby than I realize (just like life  )

I really like Morgans, and I have been seeing some rolls for sale. They are listed as BU. I wasn't aware of uncirculated rolls that old (maybe re-rolled AU coins?). Please advise this newbie before spends a lot of money on searched and possible cleaned coins. Thanx 

WOW thanx for advice. Saved me a lot of money getting coin at a good price then paying  for the ultimate let down of much lower grade at cross-over. Thanx so much fr advice.  

Hello all, another newbie question: I have seen some coins I want that are graded by NNC. Thoughts or opinions of these coin in comparison to the big 3. I'm not asking for an endorsement or rebuke of NNC just would a coin possibly sent for crossover (I wouldn't keep in NNC holder) could grade reasonable close? I realize I'm buying the coin and not the holder (and the.additional expense of cross-over). Thanx in advance  

As a new collector, I have noticed many times PCGS graded price is higher than NGC for same grade. I am looking at the 1946 to 1954 Booker Washington half dollars but I notice all NGC prices are higher (except 1951 Carver). Hope this isn't a dumb question - I'm just trying to learn difference in grading companies. Thanx in advance

On 8/17/2021 at 12:50 PM, Coinbuf said:

Forgetting all the personal bias stuff and getting back to the OP's question.   CAC is a service run and owned by John Albanese who started NGC and was one of the initial partners that started PCGS.  He started CAC in 2007 for the purpose of identifying coins that in his opinion are in the top of (or undergraded) the grades given to coins graded by NGC and PCGS.  He wanted to identify those coins so that when they became available at auctions or private sale he would attempt to purchase those coins; hopefully at or close to wholesale prices; and then resell those coins for a profit.   The concept became a huge hit with some dealers and collectors and the end result is that now many if not most slabs that have a green CAC sticker sell for strong money, those with gold stickers (these are the coins he feels re undergraded) sell for crazy money at times.   There are many reasons for this, some buyers are not always confident in their grading skills and rely on that sticker as reassurance that the coin they buy is top quality.   Also the registries at both NGC and PCGS now include the use of CAC in some form or other and that has added to the demand for CAC approved material

Because not everyone can submit to CAC (only dealers, auction houses and some collectors) GC will review your coins and submit any that they feel have a chance of passing at CAC.  CAC charges to review each coin and there is the cost to ship, so if you ask for this service some or all of those costs are reflected in your net sales once the coins are auctioned.   The idea is that any coins you have that pass will see higher auction prices and will (or might) more than offset the costs to have the coins reviewed.

No one is required to use CAC, and as you can see from some replies there are those that are not a fan of the CAC business model.   However if you are selling and the coins are extra nice and you do not have them reviewed by CAC you run the risk that your coin might fly under the radar and underperform at auction.  Sharp buyers like to buy coins they see as better than average, send those to CAC for the sticker and resell for a nice profit that was left on the table for them.

And of course not everything benefits enough to be worth the cost, generic MS62-MS63 Morgan dollars have a very minimal price spread for CAC vs non CAC and may not benefit enough to be worth the costs.   Also CAC does not review every coin, most moderns are not, most Jefferson nickels are not, and others that I do not remember off hand.

Thanx - great information - thanx to all

Hello all, I have been looking at Great Collections for selling and buying, and I was wondering exactly what is their CAC service (I've called and asked after reading online information but no clarity). What does this service do and why does it affect buying and selling prices ? 

Thanks for advice, I deal with Morgans, Peace and ASE's and I have to learn to accept small carbon spots on slabbed coins or sell them. I still will possibly get coins for my collection restored for eye appeal as needed but I will sell at discount and not try to improve resale value. Thanx again - I was just confused because Anacs only charges 39 dollars for multiple coins and PCGS & NGC charge per coin. THANX again  

Another newbie question  .Are the services that TPG's offer for  conservation or restoration service worth the money and/or really help value and eye appeal of coin ? 

On 8/9/2021 at 12:07 PM, gmarguli said:

If you don't submit a lot, just find a local dealer and submit through them. 

Yeah I looked and closest is 2-3 hours away  

On 8/9/2021 at 4:45 AM, Jason Abshier said:

I’m no expert , never ever will call myself an expert when it comes to coin collecting …. But for world coins I’d go with NGC , now both PCGS and NGC as you know they do not grade on the exact standard if you look at if you look at enough PCGS coins and NGC coins of same coin and grade compare the two you’ll start see why both companies establish a grading market and standard of their own… Not saying they both are better than each other (I don’t drink the PCGS “cult” kool-aid thinking every coin my collection must be PCGS it’s worth more money it’s more superior than every other coin out there graded by a different grading company)

but I own both PCGS and NGC and ANACS coins . However I’m a NGC member , a guy I work with is a PCGS member so we both can send coins if we need through each other … I haven’t sent in raw coins for grading for long time, most of time I just buy the coin already graded and keep my raw coins raw as they come 

Thanx that's what I was thinking (both are good & personal preference) and I definitely see the difference in sale prices based on "cult- Kool aid"   Thanx

Well unfortunately I will have to renew my membership for some raw coins I jut got. I went with ANACS after the membership lapsed. Now I need to renew - Any advice or suggestions from the experts: NGC or PCGS? Thanx in advance.

Wow- thanx ; you are talking about the 1891 correct ?

Thanx I'm looking at these - the photos is off site. I'm "gun-shy" on photos after I got one with possible carbon spot (see post Morgan chase) on a graded coin. I really appreciate the input.  

Thanx - Thoughts of this one ?

Anyone suggest possible grade for this Morgan ?

Sorry I need a better phone and/or scanner, but this is the best. Would sending it for restoration help ? I guess this happens when buying online and people can crop photos  Thanx for looking  

Just wanted to give the "Experts" an update on this newbie's quest. Thanx for all advice on Morgans and "the fact" its not a good time to start this quest, but this newbie didn't take the advice and went down the rabbit  hole again  (like I did with ASE 70 set) of trying to complete set. After a modest start of a few graded AU Morgans (which I flipped),I have entire set minus 1891, 1892, 1893, 1894,1895 and 1903 . I have been able to get all MS grades for less than NGC/PCGS online grading value and I realize inflation on Morgan current market. The only coin I am not thrilled about is below - thoughts? All said I feel good  I'm researching some online auctions for remaining coins. Thoughts (including I'm spinning my wheels LOL) ? 

On 8/2/2021 at 12:11 PM, GBrad said:

I looked into this when I read your quote.  The coins I purchased were from L&C Coins but I do see there is an LCR Coins as well.  I assume you were talking about the Morgan set you looked into and weren't referring to my opening post and picture on this thread.  

Correct - sorry for mis-communication. I still learning how to navigate this blog  

On 8/2/2021 at 10:28 AM, JKK said:

Which is this book? The Grey Sheet? Numismedia? The Red Book?

I'm sorry - I meant the online PCGS and NGC price guide. Although I have a Red Book and a Numismedia, its easier to go online  ??

As a reasonably new collector who only sells when upgrading a coin and mainly deals with eBay and great collections, any suggestions to these 2 thoughts .

* When buying stick to a price of 75-80 percent of book value (unless it's a "must-have item).

* When selling try to get 75-80 percent of book value or "break even".

Obviously there are exceptions to this mind set, but I feel there is at least 25% of fluff in the hobby because of Non-collectors are just trying to make money (or are passing on eBay fees to buyer)

Thoughts greatly appreciated.  

After calling them ; I found out the following :

* Set is missing 1893, 1894 , 1895 and 1902 coins

* all coins are Philadelphia mints except 1891 S

I added up book values at 3395.00 (25% mark up) 

Coin collecting has lost it's hobby appeal and has become "BIG" business  

I thought it was too good to be true  Upon investigation it's not L&C but LCR coins lol. I really don't understand "how these "fly by night" companies are allowed to misrepresent industry and stay in business

All MS 63 supposedly

L&C Coins has a complete Morgan set for 4995.00 ; it interests me because trying to get Morgans seem "price gouged" on eBay and great collections. 

Thoughts ??