Have you ever bought an expensive coin $1000 and up from a dealer subject to getting a CAC sticker, or have you considered asking a dealer if you could buy a coin condition CAC. My thinking is if he says no it either has been to CAC or is unlikely to receive a sticker. If he says yes than he has confidence in the coin. What’s your thoughts?
Comments
The first being that the dealer might say "no" because in the dealer's mind the coin is too liquid to have to wait on a conditional sale. In other words, the dealer might believe the coin could/should sell easily without the CAC sticker and why would the dealer, in this instance, want to hold up turnover on a sale to one client when another client wants additional persuasion. You may not think this is a big deal, but in my experience as a dealer, a coin often had a "taint" on it when returned from a potential sale. I had vanishingly few coins return from a potential sale after in-hand inspection, but on those occasions where a coin was returned, I had myriad collectors back away from the coin (even if they wanted to be "next in line") for it, and often it was because they wondered what was wrong with it for it to be returned. In this case, the dealer incurred additional expense, sat on the coin during turnaround and found the market was spooked.
In the second viable scenario, the dealer might think you are too high maintenance to do business with and will simply move on to other collectors or dealers who will engage in a straightforward transaction.
Also if the coin is over $5000, wouldn’t it mean the coin may not turn over so fast. Thanks for your input
Such kind of offer would probably be less successful in this current hot market..
I would always ask-BUT why isn't the coin already CAC? Why would any intelligent dealer not get the bean. Its unquestionably worth more.
The right way to do it is to offer to pay more w/the bean.
Yes, of course.
My recollection is partially incorrect. One of the four coins goes back to the 2005 year when CAC was not as well entrenched and I did not yet stipulate the CAC contingency.
This one of the four coins was an 1926-S cent in PCGS MS -64 RB which I posted a photo and TDN remarked with a 64 like that who needs a 65?
My comment in 2005 on the PCGS boards was as follows about Andy of Angel Dee. But this one was NOT subject to a CAC contingency.
“Andy did not have a wonderful 1926-S cent to sell me but found a top graded PCGS 1926-S cent that would meet my standards and allowed me to negotiate directly with another collector/dealer if I liked it enough. Indeed, I loved it.
I submitted it to CAC and it almost got a gold sticker per JA. But I was quite satisfied with the green sticker!”
I loved it and submitted it to CAC and received a CAC gold sticker. It is only one of two gold stickered 1916-D dimes in all grades, the other one an AU-50.
When I showed it to Legend Laura at the show she remarked oh it is a gem good!
I had never heard that term before or since.
That might still be the case with collectors but not dealers so much anymore?
Do listen to what he has to say. A shout out to TomB!
Beautiful looking Bearded Goddess!