CAC Coins Bring Premiums in December
In addition to Internet sales during the month of December, CAC approved coins fared well in live auctions in Las Vegas and Dallas. Here are a dozen examples, which were selected from a large number of results that could have been listed.
1. On Dec. 8, Legend auctioned a CAC approved MS-66 grade 1863 Indian Head cent for $4230. On Oct. 9, Heritage auctioned a PCGS graded MS-66 1863 cent, without a CAC sticker, for $1980, less than half as much.
https://legendauctions.hibid.com/lot/138013373/1c-1863-pcgs-ms66-cac?ipp=10
2. On Dec. 8, Legend auctioned a CAC approved MS-68 grade 1943-D steel cent for $3995. On July 20, Heritage sold a PCGS graded MS-68 1943-D steel cent, without a CAC sticker, for $1500.
https://legendauctions.hibid.com/lot/138013448/1c-1943-d-pcgs-ms68--cac?ipp=10
3. On Dec. 8, Legend auctioned a CAC approved MS-66 grade 1933-S half dollar for $5052.50. On Aug. 26, Heritage auctioned a PCGS graded MS-66 1933-S half, without a CAC sticker, for $2760.
https://legendauctions.hibid.com/lot/138013576/50c-1933-s-pcgs-ms66--cac?ipp=10
4. On Dec. 8, Legend auctioned a CAC approved MS-65 grade 1904 Morgan dollar for $2232.50. On Oct. 9, Heritage auctioned a PCGS graded MS-65 1904 Morgan, without a CAC sticker, for $1500.
https://legendauctions.hibid.com/lot/138013657/-1-1904-pcgs-ms65--cac?ipp=10
5. On Dec. 11, the firm called GreatCollections sold a CAC approved MS-66 grade 1908 Liberty Head $5 gold coin, with a CAC sticker, for $6215. GreatCollections sold a PCGS graded MS-66 1908 Liberty Head $5 gold coin, without a CAC sticker, for $4514.62 on Oct. 2, and a different PCGS graded MS-66 1908 Liberty Head $5 gold coin, also without a CAC sticker, for $2661.75 on Sept. 11.
https://www.greatcollections.com/Coin/1271516/1908-Liberty-Gold-Half-Eagle-PCGS-MS-66-CAC
6. On Dec. 15, Heritage auctioned a CAC approved MS-65 grade 1867 Three Cent Silver for $10,500. On July 14, Heritage sold a PCGS graded MS-65 1867 Three Cent Silver, without a CAC sticker, for $8100.
7. On Dec. 15, Heritage auctioned a CAC approved AU-58 grade 1889-CC Morgan silver dollar for $19,200. On Oct. 6, Heritage auctioned a PCGS graded AU-58 1889-CC Morgan, without a CAC sticker, for $15,600.
8. On Dec. 16, Heritage auctioned a CAC approved MS-65 grade 1852 One Dollar Gold piece for $3000. On Nov. 4, Stack’s Bowers auctioned a PCGS graded MS-65 1852 One Dollar Gold piece, without a CAC sticker, for $1740.
https://coins.ha.com/itm/gold-dollars/1852-g-1-ms65-pcgs-cac-pcgs-7517-/a/1351-4084.s
9. On Dec. 18, Heritage auctioned a CAC approved MS-64 grade 1859 Indian Head cent for $1719. 60. On Aug. 30, Heritage sold a PCGS graded MS-64 1859 Indian cent, without a CAC sticker, for $1320. Market levels for MS-64 grade Indian Head cents were not higher on Dec. 18 than they were on Aug. 30, 2022.
10. On Dec. 18, GreatCollections sold a CAC approved MS-65 grade 1889-O Morgan silver dollar for $5775. On Nov. 3, Stack’s Bowers sold a PCGS graded MS-65 1889-O Morgan dollar, without a CAC sticker, for $2880. The just mentioned CAC approved 1889-O silver dollar brought more than twice as much.
https://www.greatcollections.com/Coin/1251927/1889-O-Morgan-Silver-Dollar-PCGS-MS-65-CAC
11. On Dec. 25, GreatCollections sold a CAC approved MS-66 grade 1935 Peace dollar for $4950. On Dec. 18, GreatCollections sold two PCGS graded MS-66 1935 Peace dollars, neither of which had a CAC sticker, for $2025 and $2543.96, respectively.
https://www.greatcollections.com/Coin/1276932/1935-Peace-Silver-Dollar-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.
