Well I sort of saw it; the holder was so scratched up you literally couldn’t see the surfaces of the coin.
I took a chance and bought it, mainly because it sold so cheaply, then sent it to a grading service to be re-holdered. It later got a CAC sticker and I sold it for a good profit; all because it looked great in its new holder.
In my experience, selling your coins in a forced sale can cost you 20-30% or more.
Ideally, you want a sale of an individual coin (or collection) to take at least 45-60 days; possibly more for an in-depth specialized collection.
But when you are selling your cons I think it does make a difference to have a CAC sticker.
I think the best thing about CAC is that it instills confidence in buyers and makes a coin more liquid.
If they know that you are in a situation of desperation, it is likely that they’ll take advantage of you.
The worst thing that you can do as a seller is to tell someone–even someone that you have a “close” relationship with–that you have to sell a coin and that you need a fair offer.
If you have a ,000 old holder coin that has the potential to be a ,000 coin if it upgrades, leave it alone, and price it accordingly. But if you have a ,000 old coin coin that could be worth ,000 if it has a good upgrade….hmmm, that might necessitate regrading the coin yourself. If you don’t know how, send them to NGC’s attribution service or have a trusted collector friend do it for you. Have you fully planned what would happen to your coins if you were to suddenly die or become incapacitated?
But more often than not he was an underbidder who might not feel so good about the level he was at a second time.
As a seller, replicating an all-time record price can prove difficult.
I certainly notice that CAC coins at auction tend to sell for more money than non-CAC, and appear to sell to retail buyers/end-users more often than non-CAC coins.
Let’s say you read about an auction that contains some great Liberty Head eagles that bring very strong prices. Should you turn around and sell as soon as possible? Sometimes you get lucky and can find the underbidder who just missed out on a record-setting coin.