My 1838 Seated Dime CAC-P01 Journey: 6 Months of Lessons, Mistakes, and Real Results

I’ve been wrestling with this exact problem for the better part of six months. Let me share my real story—the highs, the lows, and what I wish I’d known from day one.

The Beginning: My First Encounter with the 1838 Seated Dime

It all started when I bought what I thought was a rare 1838 Seated Dime with a CAC-P01 grade. As a history-loving collector, I was over the moon.

But that excitement didn’t last. The coin’s reverse was slick—almost too smooth. Yet the obverse had more detail than you’d expect from a P01. Something felt off.

I spent weeks staring at it, comparing photos, and asking around. Slowly, I realized how little I truly knew about grading subtleties.

Lessons Learned the Hard Way

Understanding Grading Discrepancies

My first mistake? Assuming all grading services were the same.

CAC, PCGS, and NGC each have their own standards. A P01 from one might not match another’s.

I learned that a slick reverse can tank a grade. Sometimes it overshadows everything else. Coins with no visible date often get a straight P01, but wear patterns vary widely.

The Importance of Multiple Opinions

Early on, I trusted my own eyes too much.

Big error. After months of research, I saw how vital it is to get second, third, even fourth opinions.

I now always cross-reference grades across agencies. Don’t just trust one label—I learned that the hard way.

Long-Term Perspective: Evolving as a Collector

My approach changed completely over six months.

I went from buying on impulse to analyzing methodically. I started a personal database with notes on grades, surfaces, and history.

This habit saved me from pricey errors. Now I only go for coins with solid paperwork and grades verified by multiple sources.

Real Results and Actionable Takeaways

Key Insights for Fellow Collectors

• Always cross-grade: If CAC graded your coin, send it to PCGS or NGC too. Differences teach you a lot.
• Focus on surfaces: A slick reverse or worn obverse changes everything. Use a magnifier—really look.
• Build a network: Talk to other collectors. Validate your hunches. Going solo leads to mistakes.

Practical Example: My 1838 Dime Re-evaluation

I cracked the coin out and sent it to PCGS. It came back as AG03, not P01.

Turns out, the slick reverse had skewed CAC’s original grade. The obverse had way more detail than a typical P01.

Here’s a quick look at my notes:


Coin: 1838 Seated Dime
Initial Grade: CAC-P01
Regrade: PCGS AG03
Notes: Obverse shows more detail than typical P01; reverse slickness skewed original assessment.


Conclusion: Turning Frustration into Growth

This journey taught me that collecting coins isn’t just about buying—it’s about learning, patience, and community.

By taking the long view, asking others, and never stopping my education, I’ve grown as a collector. And I’ve avoided repeating old errors.

If you’re in a similar spot, remember: every stumble teaches you something. Stay curious. Stay connected. Keep learning.

Related Resources

You might also find these related articles helpful:

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