• When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

Archived

This topic is now archived and is closed to further replies.

"Photo sealed" Indian cents vs. CAC

Started by JIM F.,

15 posts in this topic

JIM F.

JIM F.

Posted
Posted

Is Mr. Snow still providing this service to collectors?

 

For about the same price, is one better off submitting for a CAC sticker? As a collector, submitting to CAC is a bit of a hassle, since I must go through a dealer.

 

Does Mr. Snow provide the service on-site at major shows?

 

 

I have several dozen Indian cents in PCGS and NGC holders and am wondering the best way to go.

 

Thanks for opinions.

 

 

 

 

 

 

Link to comment
Share on other sites
FishyOne

FishyOne

Posted
Posted

No disrespect to Rick Snow as he IS the foremost expert on FEC and IHC but CAC has more "street cred" for re-sale value. That may change but is the way I see it now.

Link to comment
Share on other sites
coinman_23885

coinman_23885

Posted
Posted
No disrespect to Rick Snow as he IS the foremost expert on FEC and IHC but CAC has more "street cred" for re-sale value. That may change but is the way I see it now.

 

I disagree. Most collectors who specialize in Flying Eagle Cents and Indian Head Cents recognize the importance of Photo Sealed coins. I think Rick Snow even buys them as well at strong prices. I would view a photo-sealed coin just as highly as a CAC sticker, and I am sure that there are copper collectors who might even rank the photo-sealed coins higher.

Link to comment
Share on other sites
messydesk

messydesk

Posted
Posted

I'm not a collector of Indian cents, but Rick's sticker would carry more weight with me than a green CAC sticker for the following reasons (based on my understanding of each sticker):

 

- The coin is evaluated by someone who specializes only in FE and Indian cents rather than a "generalist."

 

- There is a guarantee that the person who looked at the coin and applied the sticker will also buy the coin in the future (until he leaves the business). I don't think CAC's liquidity guarantee is as strong.

 

- The EE sticker isn't given to ugly coins, while ugly coins graded correctly can get a CAC sticker.

Link to comment
Share on other sites
brg5658

brg5658

Posted
Posted
Is Mr. Snow still providing this service to collectors?

 

For about the same price, is one better off submitting for a CAC sticker? As a collector, submitting to CAC is a bit of a hassle, since I must go through a dealer.

 

Does Mr. Snow provide the service on-site at major shows?

 

 

I have several dozen Indian cents in PCGS and NGC holders and am wondering the best way to go.

 

Thanks for opinions.

 

"As a collector" (as you say), I don't know why it matters if either of these stickers are on your slabs. I presume you are asking which will carry more weight (i.e., get you a higher price) as you desire to sell many of your IHCs? If that is the case, then I will say I think it depends.

 

If the coins are run-of-the-mill common-date coins graded MS64 or MS65 (or PF64 or PF65), then I think that neither sticker will really boost the price much. If they are MS66 or PF66 (or higher) coins of exceptional quality, then I would say that they would likely be of interest to IHC specialists -- and thus, the Eagle Eye approval sticker may be a better bang for your buck.

Link to comment
Share on other sites
gmarguli

gmarguli

Posted
Posted

I've purchased several IHC with both type stickers. Not super impressed with any of the coins. They ranged from dreck to nice, but nothing special.

 

My personal opinion:

 

The CAC sticker added no value.

 

The EE sticker added no value and I actually found an auction record of one coin before the EE sticker was applied and after the sticker, the coin sold for less.

 

Submitting to CAC should not be a bother. There are enough dealers who can submit for you. For a customers' coins, I used Mark Feld and it was a simple and painless transaction.

 

Your best way to go is to not bother with either service.

 

 

Link to comment
Share on other sites
James_OldeTowne

James_OldeTowne

Posted
Posted
I'm not a collector of Indian cents, but Rick's sticker would carry more weight with me than a green CAC sticker for the following reasons (based on my understanding of each sticker):

 

- The coin is evaluated by someone who specializes only in FE and Indian cents rather than a "generalist."

 

- There is a guarantee that the person who looked at the coin and applied the sticker will also buy the coin in the future (until he leaves the business). I don't think CAC's liquidity guarantee is as strong.

 

- The EE sticker isn't given to ugly coins, while ugly coins graded correctly can get a CAC sticker.

100% accurate advice, in my opinion. Well stated!

Link to comment
Share on other sites
breakdown-migration

breakdown-migration

Posted
Posted
I also believe that CAC considers coins that Rick Snow has photo sealed as if they are CAC-stickered.

You are mistaken I have seen photo seal cents that did not sticker

wheat

 

That may be so but my statement is based on something Rick Snow stated in a July 2009 Market Report:

 

"At the ANA Summer Seminar, I spoke with John Albanese about his CAC and Photo Seal. He was impressed with the constancy of the coins that I have Photo Sealed for the past 14 years. He said he would honor his bids for a Photo Sealed coin as if it were a CAC coin. This means that you don't need to duplicate efforts by sending a Photo Sealed coin to CAC."

 

I do not know if the CAC policy on Photo Seal changed after this statement, but it apparently was the case at one point.

Link to comment
Share on other sites
Go to topic listing