We estimate the effects on the decay constants of charmonium and on heavy meson masses due to the charm quark in the sea. Our goal is to understand whether for these quantities $N_f=2+1$ lattice QCD simulations provide results that can be compared with experiments or whether $N_f=2+1+1$ QCD including the charm quark in the sea needs to be simulated. We consider two theories, $N_f=0$ QCD and QCD with $N_f=2$ charm quarks in the sea. The charm sea effects (due to two charm quarks) are estimated comparing the results obtained in these two theories, after matching them and taking the continuum limit. The absence of light quarks allows us to simulate the $N_f=2$ theory at lattice spacings down to $0.023$ fm that are crucial for reliable continuum extrapolations. We find that sea charm quark effects are below $1%$ for the decay constants of charmonium. Our results show that decoupling of charm works well up to energies of about $500$ MeV. We also compute the derivatives of the decay constants and meson masses with respect to the charm mass. For these quantities we again do not see a significant dynamical charm quark effect, albeit with a lower precision. For mesons made of a charm quark and a heavy antiquark, whose mass is twice that of the charm quark, sea effects are only about $0.1%$ in the ratio of vector to pseudoscalar masses.
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