CAC Coins Bring Premiums in December 2019
CAC's monthly report on recent rare coin auction records where CAC-approved coins perform especially well in auctions.
Bedminster, NJ: In addition to realizing newsworthy premiums in a public auction in Dallas, CAC approved coins outperformed other certified coins in various public Internet sales during the month of December. Here are ten examples, which were selected from a large number of results that could have been listed.
1. On December 5, Heritage auctioned a CAC approved MS-66 grade 1903-S $10 gold coin for $6000 [link]. On February 3, 2019, the firm of David Lawrence sold a PCGS graded MS-66 1903-S $10 gold coin without a CAC sticker for $4000 [link]. The CAC approved coin thus brought 50% more. Market values for these were not significantly higher in early December than they were in February.
2. On December 6, Heritage auctioned two PCGS graded MS-66 1885-S Morgan silver dollars in successive lots. The CAC approved MS-66 1885-S Morgan realized $9300 [link] and the non-CAC coin brought $2640 [link]!
3. On December 6, Heritage auctioned a CAC approved MS-67 grade 1883 Shield nickel for $8400 [link]. In June 2019, Heritage auctioned a PCGS graded MS-67 1883 Shield nickel without a CAC sticker for $2760 [link], less than one-third as much .
4. On December 6, Heritage auctioned two PCGS graded MS-67 1921 Buffalo nickels in successive lots. The CAC approved coin realized $6600 [link], and the PCGS graded MS-67 1921 nickel without a CAC sticker realized $2640 [link]. The coin with a CAC sticker thus realized two and a half times as much!
5. On December 6, Heritage auctioned a CAC approved MS-67 grade 1899-O Morgan silver dollar for $5520 [link]. In October, Heritage auctioned a PCGS graded MS-67 1899-O Morgan, without a CAC sticker for $1560 [link]. Also in October 2019, the firm of David Lawrence sold a PCGS graded MS-67 1899-O Morgan without a CAC sticker for $2050 [link].
6. On December 12, Legend auctioned a CAC approved MS-64 grade 1835 half cent with a ‘Full Red’ (RD) designation for $9987.50 [link]. In July 2019, Heritage auctioned a PCGS certified MS-64 1835 half cent also with a ‘Full Red’ (RD) designation, but without a CAC sticker for $3000 [link], less than one-third as much as just mentioned CAC approved coin realized.
7. On December 12, Legend auctioned two PCGS graded MS-65 1909-S VDB Lincoln cents, each with a ‘Full Red’ (RD) designation from PCGS. The coin with a CAC sticker went for $6462.50 and the PCGS certified MS-65RD 1909-S VDB without a CAC sticker brought $4112.50.
8. On December 12, Legend Auctions sold a CAC approved Proof-68 1941 Walking Liberty half dollar for $6462.50 [link]. In August, at the summer ANA Convention, Heritage auctioned a PCGS certified Proof-68 1941 Walker without a CAC sticker for $3840 [link].
9. On December 22, the firm called GreatCollections sold a CAC approved MS-67 grade 1950 Washington quarter for $600.75 [link]. On October 25, Heritage sold a PCGS graded MS-67 1950 quarter, without a CAC sticker for $228 [link]. During August 2019, Heritage sold two PCGS graded MS-67 1950 quarters neither of which had a CAC sticker. Each realized $288. [link] [link]
10. On December 29, the firm of GreatCollections sold a CAC approved MS-65 1883 dime for $556.88 [link]. Heritage sold a PCGS graded MS-65 1883 dime without a CAC sticker for $456 [link] in April and a different PCGS graded MS-65 1883 dime, also without a CAC sticker for $480 [link] in January 2019.
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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.
