This 1838 $5 gold received a CAC sticker. Would anyone like to explain why?

I was looking over my set of Classic Head $5 gold coins the other day, and happened upon this piece I bought in frustration at a really disappointing major coin show. It was the mid winter ANA show which was held in Orlando, Florida. I came with my usual want list, and spent the whole show coming up empty.0

Finally I found this 1838 $5 gold that was graded NGC AU-58, CAC. One of my dealer friends told me I goofed up when I bought it, and now I agree. It's really an AU-55.

So, do you think I'm being too harsh on this piece?

 

Log in or Sign up to hide this ad.

From 58 to 55 and it originally CAC'd ???

Wow, JA is usually very tough on gold coins.

 

Based on the pic I'm looking at, I'm not as surprised at the 58 as I am the CAC...amazing! To me, it actually looks like it could have spent time as a pocket piece, gently fondled.

I would be tempted to peel off the CAC & let it ride!...

 

CAC and this coin need to stay together. We are constantly told that CAC is infallible and this piece disproves that. It’s second example I have in my collection. The other one has a gold CAC sticker.

 

Is a gold sticker a *

 

I was saying that as a joke, but yeah, I get it...after all, the assessment is done by a "human being", so...

 

JA had salami for lunch that day?

 

You checked the CAC certification, right ?

 

I have never gotten into the "sticker" game, so I really can't comment, but what if you wrote a letter to the head person at CAC with your concerns and see what they suggest. Even if you wanted to keep it as an example of CAC fallacies, you would have a letter from CAC explaining their reasoning. Just a thought.

 

CAC will take another look if sent in for reconsideration. If they think it really should not have stickered, oftentimes they will offer to buy it back or compensate the difference between a CAC and non-CAC example. I have heard a few people who were satisfied with the process when something like this happened.

 

It's a nice coin, I like it.