A Dozen Examples of CAC Coins Bringing Premiums in August
In addition to realizing impressive prices in Internet sales during the month of August, CAC approved coins fared well in live auctions in Pittsburgh (PA), Dallas County (TX) and Costa Mesa (CA).
Here are a dozen examples, which were selected from a larger number of
results that could have been listed.
- On Aug. 6, GreatCollections sold a CAC approved MS-65 grade 1931-S dime for $6877.20. On March 7, Stack’s Bowers auctioned a PCGS graded MS-65 1931-S dime, without a CAC sticker, for $2640. Both coins have received a ‘Full Bands’ (FB) designation from PCGS.
- On Aug 13, GreatCollections sold a CAC approved MS-64 grade 1859 Indian cent for $2113.88. On July 11, Heritage sold a PCGS graded MS-65 1859 Indian cent, without a CAC sticker, for $1200.
- On Aug. 13, GreatCollections sold a CAC approved MS-66 grade ‘No Cents’ 1883 Liberty Head nickel for $506. On May 30, Heritage sold a PCGS graded MS-66 ‘No Cents’ 1883 Liberty Head nickel, without a CAC sticker, for $384. Two weeks earlier, on May 16, Heritage sold a different PCGS graded MS-66 ‘No Cents’ 1883 Liberty Head nickel, without a CAC sticker, for $360. Market levels for these were about the same in May as they were in August.
- On Aug. 15, 2023, Heritage auctioned a CAC approved MS-67 grade 1877-CC quarter for $19,800. On May 3, Heritage auctioned a PCGS graded MS-67 1877-CC quarter, without a CAC sticker, for $10,800.
- On Aug. 15, Heritage auctioned a CAC approved, NGC graded AU-58 1854-S $20 gold coin for $31,200. On May 8, 2023, Heritage
auctioned a PCGS graded MS-60 (sixty) 1854-S $20 gold coin, without a CAC
sticker, for $21,600.
- On Aug. 16, Stack’s Bowers auctioned a CAC approved MS-63 grade 1807 large cent with a ‘Large Fraction’ for $21,600. On March 21, Stack’s Bowers
auctioned a PCGS graded MS-63 1807 ‘Large Fraction’ cent, without a CAC
sticker, for $12,000. Both coins were struck from the same pair of dies and
both coins received a brown (BN) color designation from PCGS.
- On Aug. 16, Stack’s Bowers auctioned a CAC approved Fine-15 grade 1792 half disme pattern for $120,000. On Jan. 12, Heritage auctioned a PCGS
graded Fine-15 1792 half disme, without a CAC sticker, for $78,000, less
than two-thirds as much.
- On Aug. 16, Heritage auctioned a CAC approved MS-67 grade 1925 Peace silver dollar for $6600. On July 21, Heritage auctioned a PCGS graded MS-67
1925 Peace dollar, without a CAC sticker, for $2040, less than one-third as
much.
- On Aug. 16, Stack’s Bowers auctioned a CAC approved AU-58 grade 1864 $20 gold coin for $31,200. On May 8, Heritage auctioned a PCGS graded AU-58 1864 $20 gold coin, without a CAC sticker, for $18,600.
- On Aug. 17, Heritage auctioned a CAC approved Proof-68 1941 half dollar for $10,800. On March 23, Stack’s Bowers auctioned a PCGS certified Proof-68 1941 half dollar, without a CAC sticker, for $4800.
- On Aug. 18, Stack’s Bowers auctioned a CAC approved AU-50 grade 1803 silver dollar for $12,600. On Feb. 9, 2023, Heritage auctioned a PCGS graded
AU-50 1803 silver dollar, without a CAC sticker, for $6300, half as much.
Both coins were struck from the same pair of dies.
- On Aug. 20, GreatCollections sold a CAC approved MS-62 grade 1849 dime for $726. On March 27, Stack’s Bowers auctioned a PCGS graded MS-62 1849 dime, without a CAC sticker, for $504.
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Source: CAC Grading
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CAC was formed in 2007 by John Albanese, a respected authority on coin grading and the rare coin market, along with twenty-two leading members of the numismatic community. Because certified coins of the same grade can be of varying quality, CAC’s mission was to advocate for the hobbyist by establishing an extremely stringent standard of grading. As a verifier of previously certified coins, CAC only recognizes coins that meet the highest standard with the now famous green sticker. Out of all the coins submitted to CAC, less than half receive the honorable CAC sticker. As a result, the CAC sticker serves as an unmistakable means of identifying premium coins for the grade.
In 2022, John Albanese assembled over one hundred and fifty leading members of the numismatic community with a purpose to reclaim accuracy and consistency in grading. After all, why merely sticker a previously certified coin when the same stringent standards can be applied within the context of a grading service? Thus, CAC Grading was born! The only difference now is the grade assigned to a coin is a true representation of that coin. Boasting a team of world-class graders including Ron Drzewucki, John Butler, among others, CAC is committed to applying an unparalleled level of expertise to every submitted coin. As a result, hobbyists can have total confidence in a coin certified by CAC.
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