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 Replies: 18 / Views: 581 |
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Pillar of the Community
 United States
2893 Posts |
The following 1872 proof Seated dollar is currently up for auction on Heritage. Current bid, including BP, is $9300, with 2 days to go. The same coin sold 3 months ago on Heritage for $5520. The difference? When it sold then it did not have a CAC green bean, and now it does. Probably also helps that it's being sold in a higher-profile auction, but still, I was quite surprised.   Edited by hokiefan_82
02/24/2025 10:42 pm
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Pillar of the Community
United States
5858 Posts |
Wow...what's the cost involved in getting it stickered ? Nice reward vs effort.
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Moderator
United States
157664 Posts |
Very interesting!  |
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Pillar of the Community
 United States
2893 Posts |
@Greasy Fingers, though the cost of stickering has gone up since CAC has started their grading service, I believe it would have been about $70 for a coin of this value for the service, plus shipping, insurance and such. As you said, not a bad return at all!
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Pillar of the Community
United States
6983 Posts |
But its the same coin? Why would one pay more just because it has a CAC?
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Pillar of the Community
United States
802 Posts |
This just goes to show that people are NOT buying the coin, they are buying the sticker!!!
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Pillar of the Community
United States
3188 Posts |
I have an 1859 PF-61. I don't need another one, and the one I have doesn't need a green bean. At a certain point I really wanted one. They're beautiful coins, with those deep black mirrors making cameos of Liberty and the eagle. The Morgan DMPL's are much less expensive and similar in appearance but IMO the Seated dollars look better. As with a lot of other desirable coins, the prices just keep going up. There are never a lot of them on the market. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
02/25/2025 6:19 pm
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Pillar of the Community
United States
1290 Posts |
Wow, surprised the previous owner didn't send it into CAC first before selling.
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Bedrock of the Community
United States
54903 Posts |
Very nice!  Lovely coin. Errers and Varietys.
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Pillar of the Community
United States
2893 Posts |
Quote:
Why would one pay more just because it has a CAC? I think it all boils down to some people's perception that the CAC sticker means more than just the opinion of CAC that a coin is solid for the numeric grade. For this coin, the PCGS price guide shows a big price jump between PR64CAM and PR64+CAM, so I can only assume that's the driver, even though PCGS didn't feel it deserved a + designation. If a coin has great eye appeal, I'm usually willing to pay a premium over a run-of-the-mill coin of the same grade. I'm not going to pay a big premium just for the green bean...
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Pillar of the Community
United States
2893 Posts |
Quote:
Wow, surprised the previous owner didn't send it into CAC first before selling. Hindsight is always 20/20, but I'm guessing the previous owner may be regretting that a bit. 
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Moderator
United States
157664 Posts |
Quote:
This just goes to show that people are NOT buying the coin, they are buying the sticker!!!  Quote:Hindsight is always 20/20, but I'm guessing the previous owner may be regretting that a bit. 
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Pillar of the Community
Taiwan
526 Posts |
This is not unusual at all if you understand the effect that CAC/CACG has had on the market. I agree that the consignor/auction house did not do their due diligence and submit the coin to CAC prior to the auction.
Edited by Everest
02/26/2025 09:40 am
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Bedrock of the Community
United States
10785 Posts |
Quote:
Probably also helps that it's being sold in a higher-profile auction, but still, I was quite surprised. What are the two auctions this coin is (was) being auctioned in?
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Pillar of the Community
United States
3619 Posts |
Yes, the market for CAC coins is exploding right now. Many green beans are selling for gold bean prices. Quote:
Wow, surprised the previous owner didn't send it into CAC first before selling. Maybe he did...  Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Pillar of the Community
United States
2893 Posts |
Quote:
What are the two auctions this coin is (was) being auctioned in? The first auction was the Heritage 2024 November 26-27 Tuesday & Wednesday US coins Select Auction. The current auction is the Heritage 2025 February 27 - March 2 Long Beach Expo US coins Signature Auction.
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Replies: 18 / Views: 581 |
Posted 02/25/2025 10:00 am
