CAC Coins Bring Premiums in August 2020
Certified Acceptance Corporation's monthly report on recent rare coin auction records where CAC-approved coins perform especially well in auctions.
During August, CAC approved coins outperformed other certified coins in an auction in Dallas, in two live auctions in Las Vegas and in public Internet sales. Here are a dozen examples, which were selected from a large number of results that could have been listed.
1. On August 2, the firm called Great Collections sold a CAC approved MS-64 grade 1853 ‘With Arrows’ dime for $761.62. On January 15, 2020, Heritage sold a PCGS graded MS-64 1853 ‘With Arrows’ dime without a CAC sticker for $552.
https://www.greatcollections.com/Coin/863978/1853-Seated-Liberty-Dime-Arrows-PCGS-MS-64-CAC-Toned
2. On August 3, in consecutive lots, Heritage auctioned two PCGS graded MS-65 1871 Two Cent pieces, each with a full mint red (RD) designation. The CAC approved MS-65RD 1871 realized $9,600 while the non-CAC coin sold for $4560, less than half as much.
https://coins.ha.com/itm/two-cent-pieces/1871-2c-ms65-red-pcgs-cac/a/1318-3061.s
3. On August 3, Heritage auctioned a CAC approved MS-65 grade 1891 Morgan silver dollar for $4680. On August 7, Stack’s-Bowers auctioned a PCGS graded MS-65 1891 Morgan, without a CAC sticker for $1560.
https://coins.ha.com/itm/morgan-dollars/silver-and-related-dollars/1891-1-ms65-pcgs-cac-pcgs-7204-/a/1318-3329.s
4. In successive lots on August 3, Heritage auctioned three certified MS-64 grade 1907 High Relief Saint Gaudens $20 gold coins, each with a ‘Wire Edge.’ The CAC approved NGC graded MS-64 coin realized $30,000. The two PCGS graded MS-64 coins, neither of which had a CAC sticker realized $19,800 and $18,000, respectively.
5. On August 6, 2020, Stack’s-Bowers auctioned a CAC approved certified MS-64-Brown 1809 large cent for 43,200. On August 15, 2018, when market levels for early copper coins were much higher than they were in August 2020, Stack’s-Bowers auctioned a PCGS certified MS-64-Brown 1809 large cent, without a CAC sticker for $22,800.
https://auctions.stacksbowers.com/lots/view/3-NKTWN/1809-classic-head-cent-s-280-the-only-known-dies-rarity-2-ms-64-bn-pcgs-cac
6. On August 6, 2020, Stack’s-Bowers auctioned a CAC approved Proof-65 1856 Flying Eagle cent for $31,200. On June 18, 2020, Stack’s-Bowers auctioned a PCGS certified Proof-65 1856 Flying Eagle cent without a CAC sticker for $21,600. Both pieces were struck from the same pair of dies.
https://auctions.stacksbowers.com/lots/view/3-NKTKB/1856-flying-eagle-cent-snow-9-proof-65-pcgs-cac
7. On August 7, 2020, Stack’s-Bowers auctioned two PCGS graded MS-66 1917-D Buffalo nickels. The 1917-D with a CAC sticker brought $5520 and the 1917-D without a sticker realized $3360.
https://auctions.stacksbowers.com/lots/view/3-NM07F/1917-d-buffalo-nickel-ms-66-pcgs-cac
8. On August 9, the firm of GreatCollections sold a CAC approved Proof-64 1859 dime for $1350. In April 2020, Heritage sold a PCGS certified Proof-64 1859 dime without a CAC sticker for $990.
https://www.greatcollections.com/Coin/860522/1859-Seated-Liberty-Dime-PCGS-Proof-64-CAC-Toned
9. On August 9, GreatCollections sold a CAC approved MS-67 grade 1911 Barber dime for $1524.38. On the same day, Heritage sold a PCGS graded MS-67 1911 dime without a CAC sticker for $1207.20.
https://www.greatcollections.com/Coin/860387/1911-Barber-Dime-PCGS-MS-67-CAC-Toned
https://coins.ha.com/itm/barber-dimes/dimes/1911-10c-ms67-pcgs-pcgs-population-23-1-ngc-census-10-0-cdn-1-300-whsle-bid-for-ngc-pcgs-ms67-mintage-18-870-5/a/1318-7166.s
10. On August 27, Legend auctioned a CAC approved MS-67 grade 1920 quarter for $3290. In November 2018, Heritage sold a PCGS graded MS-67 1920 quarter, without a CAC sticker, for $1920.
https://legendauctions.hibid.com/lot/70071736/25c-1920-pcgs-ms67-cac?ipp=10
11. On August 27, Legend auctioned a CAC approved MS-67 grade 1946-D Walking Liberty half dollar for $1821.25. On July 22, Heritage sold a PCGS graded MS-67 1946-D Walking Liberty half dollar without a CAC sticker for $660.
https://legendauctions.hibid.com/lot/70071791/50c-1946-d-pcgs-ms67-cac?ipp=10
12. On August 27, Legend auctioned a CAC approved MS-65 grade 1900 Lafayette commemorative silver dollar for $4817.50. On May 15, 2020, Heritage sold a PCGS graded MS-65 Lafayette dollar without a CAC sticker for $3960. A couple days earlier, Heritage sold a different PCGS graded MS-65 Lafayette dollar without a CAC sticker for $3840.
https://legendauctions.hibid.com/lot/70208701/-1-1900-lafayette--pcgs-ms65-cac?ipp=10
Download the Greysheet app for access to pricing, news, events and your subscriptions.
Subscribe Now.
Subscribe to CAC Rare Coin Market Review for the industry's most respected pricing and to read more articles just like this.
Visit these great CDN Sponsors
CDN Sponsors
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.
Please sign in or register to leave a comment.
Your identity will be restricted to first name/last initial, or a user ID you create.
Comment
Comments