CAC Coins Bring Premiums in August
CAC coins continue to out-pace similar items at auction without CAC approval.
During the month of August, CAC approved coins fared well in live auctions in Dallas, Texas and Costa Mesa, California, in addition to performing in many Internet sales. Here are a dozen examples, which were selected from a larger number of results that could have been listed.
This 1870-CC Seated Dollar graded PCGS/CAC MS62 sold for $72,000 at Heritage Auctions, a large premium over a similar coin without CAC approval.
1. On Aug. 21, the firm called GreatCollections sold a CAC approved MS-64 grade 1907 Indian Head, No Motto $10 gold coin for $5390. On Aug. 7, GreatCollections sold a PCGS graded MS-64 1907 Indian Head, No Motto $10 gold coin without a CAC sticker for $3825.
2. On Aug. 23, Stack’s Bowers auctioned a CAC approved AU-55 grade 1845-D $5 gold coin for $8100. These are not auctioned very often. On Jan. 22, 2021, Heritage auctioned a PCGS graded AU-55 1845-D without a CAC sticker for $3960. Although market levels for these increased during some periods between January 2021 and August 2022, such increases probably do not entirely account for the fact that a CAC approved AU-55 grade 1845-D brought more than twice as much as a non-CAC PCGS graded AU-55 1845-D five.
3. On Aug. 24, Heritage auctioned a CAC approved MS-62 grade 1870-CC silver dollar for $72,000. On April 5, Stack’s Bowers auctioned a PCGS graded MS-62 1870-CC silver dollar, without a CAC sticker for $28,800
4. On Aug. 24, Heritage auctioned a CAC approved MS-64 grade 1893-CC Morgan silver dollar for $24,010.80. On June 14, Stack’s Bowers auctioned a PCGS graded MS-64 1893-CC Morgan without a CAC sticker for $17,400. On May 29, the firm of David Lawrence sold a different PCGS graded MS-64 1893-CC Morgan without a CAC sticker for $16,005.
5. On Aug. 25, Stack’s Bowers auctioned a CAC approved MS-63 grade 1853-C One Dollar Gold piece for $18,000. On Feb. 23, 2021, Heritage auctioned the Simpson Collection, PCGS graded MS-63 1853-C One Dollar Gold piece, which did not have a CAC sticker for $13,200. Yes, it is true that market levels for these increased from February 2021 to August 2022. This increase in market levels, however, could not account for the entire difference between $18,000 and $13,200.
https://auctions.stacksbowers.com/lots/view/3-XS7NX/1853-c-gold-dollar-winter-1-ms-63-pcgs-cac
6. On Aug. 25, Stack’s Bowers auctioned a CAC approved MS-61 grade 1844-D $5 gold coin for $13,200. On March 21, Heritage sold a PCGS graded MS-61 1844-D $5 coin without a CAC sticker for $6900. These two coins were struck from the same pair of dies, referenced as Winter 11-G. The CAC approved 1844-D brought much more.
7. On Aug. 25, Stack’s Bowers auctioned a CAC approved MS-65 (sixty-five) grade 1908 ‘With Motto’ $10 gold coin for $22,800. It is relevant that, on July 14, Heritage auctioned a different CAC approved MS-65 (sixty-five) grade 1908 ‘With Motto’ $10 gold coin for $16,800. CAC premiums vary, but Stack’s Bowers auctioned a PCGS graded MS-66 (sixty-six!) 1908 ‘With Motto’ $10 gold coin, without a CAC sticker for $11,400 on June 15. On May 6, Heritage auctioned a PCGS graded MS-65 1908 ‘With Motto’ $10 gold coin without a CAC sticker for $7200. CAC approved MS-65 1908 ‘With Motto’ tens have been bringing much more than non-CAC PCGS graded MS-65 or even MS-66 1908 ‘With Motto’ tens.
https://auctions.stacksbowers.com/lots/view/3-XS8GO/1908-indian-eagle-motto-ms-65-pcgs-cac-ogh
8. On Aug. 26, Heritage auctioned a CAC approved MS-65 grade 1915 $10 gold coin for $15,600. On July 15, Heritage auctioned a PCGS graded MS-65 1915 $10 gold coin without a CAC sticker for $5760.
https://coins.ha.com/itm/indian-eagles/eagles/1915-10-ms65-pcgs-cac/a/1348-5000.s
9. On Aug. 26, Heritage auctioned a CAC approved MS-66 1914-D $20 gold coin for $36,000. On May 26, Heritage auctioned two PCGS graded MS-66 1914-D $20 gold coins, neither of which had a CAC sticker for $13,200 and $9300, respectively.
10. On Aug. 27, Stack’s Bowers auctioned a CAC approved MS-67 grade 1884-CC Morgan silver dollar for $7200. On Aug. 1, Heritage sold a PCGS graded MS-67 1884-CC Morgan dollar without a CAC sticker for $3840.
https://auctions.stacksbowers.com/lots/view/3-XWOE1/1884-cc-morgan-silver-dollar-ms-67-pcgs-cac
11. On August 28, GreatCollections sold a CAC approved Proof-65 1916 Lincoln cent with a ‘full red’ (RD) designation for $13,750. Four seconds later, at 4:16:20 PM PT, GreatCollections sold a PCGS certified Proof-65RD 1916 Lincoln without a CAC sticker for $7095.
https://www.greatcollections.com/Coin/1204601/1916-Lincoln-Cent-PCGS-Proof-65-RD-CAC-OGH
12. On August 28, GreatCollections sold a CAC approved MS-65 grade 1885 Liberty Head nickel for $9625. On Aug. 14, GreatCollections sold a PCGS graded MS-65 1885 nickel without a CAC sticker for $7768.20.
https://www.greatcollections.com/Coin/1175519/1885-Liberty-Nickel-PCGS-MS-66-CAC
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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.
