CAC Coins Bring Premiums in April 2020
Certified Acceptance Corporation's monthly report on recent rare coin auction records where CAC-approved coins perform especially well in auctions.
CAC approved coins outperformed other certified coins in various public Internet sales during the month of April. Here are ten examples, which were selected from a large number of results that could have been listed.
1. On April 5, the firm called GreatCollections sold a CAC approved, NGC graded MS-64 1926-S Peace silver dollar for $517.50. Separately, Heritage sold two and Stack’s-Bowers sold two PCGS graded MS-64 1926-S Peace dollars, without CAC stickers, during the month of March. All four realized less than $200 each.
2. On April 19, Great Collections sold a CAC approved, NGC graded MS-64 1883 half dollar for $2250. Certified MS-64 grade 1883 halves are not auctioned often. Price levels were higher in March 2019 when Stack’s-Bowers sold a PCGS graded MS-64 1883 half without a CAC sticker for $1380.
3. April 23, Heritage auctioned a CAC approved certified MS-65RD 1923-S Lincoln Cent for $45,600. The ‘RD’ designation means that it was certified as having full original mint red color. In January 2020, at a FUN Convention, Heritage auctioned a PCGS certified MS-65RD 1923-S Lincoln cent without a CAC sticker for $24,000. A year ago, in April 2019, Heritage auctioned a different PCGS certified MS-65RD 1923-S Lincoln cent without a CAC sticker for $33,600.
This CAC-approved 1928-S Lincoln cent, graded PCGS MS66 RD realized $45,600 on April 23 at Heritage Auctions. A similarly-graded coin without CAC sticker realized $27,500 at David Lawrence Rare Coins around the same time.
4. On April 23, a CAC approved, MS-66 1928-S Lincoln cent with a full red (RD) designation, realized $45,600. The next day or shortly before then, a
PCGS certified MS-66 1928-S Lincoln cent with a full red (RD) designation,
though without a CAC sticker, was publicly offered by the firm of David
Lawrence for $27,500.
5. On April 23, Heritage auctioned a CAC approved, MS-64 grade 1838-O dime for $13,200. In February 2020, at a Long Beach Expo, Heritage auctioned a
PCGS graded MS-64+ (sixty-four-plus) 1838-O dime without a
CAC sticker for $6900.
6. On April 23, Heritage auctioned two PCGS graded AU-58 1809/8 overdate $5
gold coins that were struck from the same pair of dies. The CAC approved 1809/8 five realized $13,200 and the coin without a CAC sticker went for
$7800.
7. On April 23, Heritage auctioned a CAC approved, MS-65 grade 1906-D $20 gold coin for $26,400. In January 2020 at a FUN Convention, Heritage
auctioned a PCGS graded MS-65 1906-D $20 gold coin without a CAC sticker
for $11,400, less than half as much,
8. On April 23, Heritage auctioned a CAC approved, MS-67 grade 1927 $20 gold coin for $31,200. In February 2020, at a Long Beach Expo, Heritage
auctioned a PCGS graded MS-67 1927 $20 gold coin without a CAC sticker for
$13,200.
9. On April 26, GreatCollections sold a CAC approved MS-64 grade 1831 half dollar for $4168.12. In December 2019, Heritage sold two that did not have
CAC stickers. A PCGS graded MS-64+ 1831 half dollar then
realized $2340. A PCGS graded MS-64 1831 then sold for $2040. A CAC
approved MS-64 grade 1831 thus brought much more than these two non-CAC
1831 halves, with and without plus grades.
10. On April 26, Great Collections sold a CAC approved MS-66 grade 1897-S Morgan silver dollar for $1350. On the same day, Heritage sold a PCGS graded MS-66 1897-S Morgan, without a CAC sticker for $1110.
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Source: CAC Grading
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.
