When a CAC sticker DOES matter

[MBA101]

This just came back, a 1900 Double Eagle, NGC graded MS64. A common date, but in higher grade, there are many out there from years of TPG overgrading. This one I had hand picked over 10 years ago, and since then often wondered about, as it looks close to 65 to me and to others. Instead of taking the chance, cracking and hoping for an upgrade, I sent it to CAC to see what they would say. Why CAC? On these common dates in higher grade gold coins, it adds quite a bit of instant market value, while a regrade may just come back as a 64 or worse. These common 64's are currently trading in the 1800-1900 range and have been falling. But add a CAC sticker, and it holds its value at around 2400. If it had gotten a coveted gold sticker, another 1000 in value could have been added, and then of course I also know that it should upgrade. This info comes from my dealer who pays for some sort of coin trading and market price software that instantly provides up to date price info on all this crazy stuff.

 

[halfpint]

 

...i'd say you've got yourself one very nice coin!!! and I agree with the sticker! (thumbs u

[Walkerfan]

Nice 64. Looks accurately graded.

[SkyMan]

Attractive Double Eagle Liberty. (thumbs u

[Buffalo Head]

Gorgeous coin!!

[johnny9434]

thats real nice looking cold. congrats on the nice grade as well

[AnkurJ]

Nice coin! One of my best pickups was a common date saint I bought from a local jewelry store for melt, sent it to PCGS where it graded 64, and then stickered!

 

[McBlzr]

Excellent coin and your stratergy, Dave. !

[Walkerfan]

I really like the strike and luster, too!

[A.Phillips]

I never thought of that way, good strategy. Really nice gold coin by the way!

[MBA101]

I never thought of that way, good strategy. Really nice gold coin by the way!

 

It is really not a strategy, it is more of what the market is out there and knowing what your dealer will pay. The objective is to be able to maximize your coin's value if you need to sell.

 

thanks for the compliments guys!

[Nutmeg Coin]

Here is one that I bought as a PCGS MS64, resubmitted at NGC, same grade: http://i.imgur.com/4Mrfr.jpg

 

Bottom line with these is they must have most all of the earmarks of a gem to get that grade. MS64 $20 Libs. that are all there for grade are well worth getting the CAC sticker.