Comprehensive Market Study Reveals CAC Price Premiums

CACfan

Here is a fun study from 2012, before CAC really started to take off courtesy of billionaire-driven bidding wars at auctions. It found that "CAC-stickered coins are selling for higher prices....No exceptions were found for any series or grade studied."

coinweek.com/educational/coin-grading/comprehensive-market-study-reveals-cac-price-premiums

MarkFeld

CAC didn't take off, courtesy of billionaire-driven bidding wars. The vast majority of CAC and non-CAC coins aren't bought by billionaires.

CACfan

1. "Billionaires" was a metaphor for extremely wealthy people who do not mind wasting their easy-earned money in order to inflate their egos via vastly overpriced albeit prestigious CAC auction purchases.

2. Most extremely high APR's resulted from said bidding wars, such as the $364,250 APR for the painfully common 1938-S CAC dime versus its then-$4,750 CU in the same grade without the PCGS "+".

3. I suspect that said outrageously high APR's have inflated the values of all CAC coins, even for inexpensive ones (under $500,000) in which we lowly mortal dealers deal. All of us cannot be a "Legend" (pun intended).

ptolemyII

Suggested new thread title "I Wasn't There but Listen to Me Speak Authoritatively about It".

Your premise is foolish. In the current market, quoting occurrences of "Black Swan" events and characterizing them as the market levels that they most surely are not is misleading.

Is there an updraft effect? Is the 1938-S 10 PCGS MS68+ FB CAC APR relevant to any other 1938-S dime. To any other Mercury Dime? What market level is that?

You've made a huge deal of your putative eBay experience. Regrettably, that's about the last venue many would suppose is a healthy market for CAC product.

I suggest that outrageously high APRs may have distorted values at the very high end of a series or for very rare coins within it, but few others.

I'd be happy to give you current examples of premiums of more general relevance, like sandblast proof gold (typical basal/premium divergence) or the more relevant MS65-66-67 Saints. I'm not sure the doubling of many hundreds of thousands of common unc Morgans is attributable to the "Weitzman Effect"

CACfan

ptolemyII said:

Suggested new thread title "I Wasn't There but Listen to Me Speak Authoritatively about It".

Your premise is foolish. In the current market, quoting occurrences of "Black Swan" events and characterizing them as the market levels that they most surely are not is misleading.

Is there an updraft effect? Is the 1938-S 10 PCGS MS68+ FB CAC APR relevant to any other 1938-S dime. To any other Mercury Dime? What market level is that?

You've made a huge deal of your putative eBay experience. Regrettably, that's about the last venue many would suppose is a healthy market for CAC product.

I suggest that outrageously high APRs may have distorted values at the very high end of a series or for very rare coins within it, but few others.

I'd be happy to give you current examples of premiums of more general relevance, like sandblast proof gold (typical basal/premium divergence) or the more relevant MS65-66-67 Saints. I'm not sure the doubling of many hundreds of thousands of common unc Morgans is attributable to the "Weitzman Effect"

The fact that ex-TPG graders think that they are experts about everything numismatic (including all business aspects) amazes me. But the reality is that most are not good businessmen, which is why they became TPG graders.

Yes, I am "foolish" yet you know everything because you are an ex-TPG grader. Got it!

john

So I says to this guy, I says.....

ptolemyII

One of my tasks as a curmudgeon is to call out BS. I'm happily stepping past the rest of your current quasi-factual steaming hot mess and moving on

...

Point of fact. The 1938-S 10c PCGS MS68+ CAC referenced above by the OP was not, as stated erroneously, upgraded from a 68FB coin, but rather from an MS67+FB CAC