CAC Coins Bring Premiums in December 2020

On December 3, 2020, Legend auctioned this CAC-approved Proof-68 1914 Buffalo nickel for $27,025.

In addition to performing well in public Internet sales, CAC approved coins outperformed other certified coins in live auctions in Newport Beach (CA) and Las Vegas (NV) during the month of December. Here are a dozen examples, which were selected from a large number of results that could have been listed.

1. On December 3, 2020, Legend auctioned a CAC approved Proof-68 1914 Buffalo nickel for $27,025. On July 16, 2020, also in Las Vegas, Legend auctioned a PCGS certified Proof-68 1914 nickel without a CAC sticker for $ 14,100. On March 26, 2020, Legend auctioned a different PCGS certified Proof-68 1914 nickel without a CAC sticker for $17,625. The CAC approved coin brought more than a 50% premium above each of the two non-CAC Proof-68 1914 nickels that were sold by the same auction firm during 2020. https://legendauctions.hibid.com/lot/76025810/5c-1914-pcgs-pr68-cac?ipp=10

2. On December 3, Legend auctioned a CAC approved MS-64 grade 1837 half dollar for $7931.25. In February 2020, at a Long Beach Expo, Heritage auctioned a PCGS graded MS-64 1837 half dollar without a CAC sticker for $3,600. Back in October 2017, GreatCollections sold a different PCGS graded MS-64 1837 half dollar without a CAC sticker for $3519.  https://legendauctions.hibid.com/lot/76025885/50c-1837-reeded-edge--pcgs-ms64-cac?ipp=10

3. On December 3, in Las Vegas, Legend auctioned a CAC approved MS-66 grade 1941-S Walking Liberty half dollar for $3642.50. On December 6, GreatCollections sold a PCGS graded MS-66 1941-S Walker without a CAC sticker for $777.38. On September 1, Heritage sold a PCGS graded MS-66 1941-S Walker, without a CAC sticker, for $588. On August 12, Heritage sold another PCGS graded MS-66 1941-S Walker without a CAC sticker for $630.  https://legendauctions.hibid.com/lot/76025893/50c-1941-s-pcgs-ms66-cac?ipp=10

4. On December 3, Legend auctioned a CAC approved MS-63 grade 1893 Morgan silver dollar for $2232.50. On December 9, Heritage sold a PCGS graded MS-63 1893 Morgan without a CAC sticker for $1500. On December 16, Stack’s-Bowers auctioned a different PCGS graded MS-63 1893 Morgan without a CAC sticker for $1,440. https://legendauctions.hibid.com/lot/76025917/-1-1893-pcgs-ms63-cac?ipp=10

5. On December 3, Legend auctioned a CAC approved AU-58 grade 1802/1 overdate $2.5 gold coin for $31,275. On February 20, Heritage auctioned a PCGS graded AU-58 1802/1 $2.5 gold coin without a CAC sticker for $20,400.  https://legendauctions.hibid.com/lot/76025933/-2-50-1802-1-pcgs-au58-cac?ipp=10

6. On December 6, the firm called GreatCollections sold a CAC approved XF-40 grade 1876 dime for $121.53. On August 16, GreatCollections sold a PCGS graded XF-40 1876 without a CAC sticker for $43.  https://www.greatcollections.com/Coin/912601/1876-Seated-Liberty-Dime-PCGS-XF-40-CAC

7. On December 6, the firm called GreatCollections sold a CAC approved, NGC graded MS-62 1874 Three Dollar Gold piece for $2368.12. In June 2020, Heritage auctioned a PCGS graded MS-62 1874 Three Dollar Gold piece without a CAC sticker for $1,920. In May, Heritage sold a different PCGS graded MS-62 1874 Three Dollar Gold piece without a CAC sticker for $1740.  https://www.greatcollections.com/Coin/910519/1874-Three-Dollar-Gold-Piece-NGC-MS-62-CAC

8. On December 13, GreatCollections sold a CAC approved MS-64 grade 1910-D $5 gold coin for $8,157.38. On August 6, Stack’s-Bowers auctioned a PCGS graded MS-64 1910-D $5 gold coin without a CAC sticker for $5520.  https://www.greatcollections.com/Coin/844216/1910-D-Indian-Gold-Half-Eagle-PCGS-MS-64-CAC

9. On December 17, in Newport Beach, California, Stack’s-Bowers auctioned a CAC approved, NGC graded AU-58 1793 Wreath cent for $40,800. In April, Heritage auctioned a PCGS graded AU-58 1793 Wreath cent without a CAC sticker for $33,600. Both coins were struck from the same pair of dies.  https://auctions.stacksbowers.com/lots/view/3-P9807/1793-flowing-hair-cent-wreath-reverse-s-9-rarity-2-vine-and-bars-edge-au-58-bn-ngc-cac

10. On December 17, Stack’s-Bowers auctioned a CAC approved, NGC graded MS-65 1864 ‘Small Motto’ Two Cent piece with a ‘Red & Brown’ (RB) designation for $5280. On April 23, 2020, Heritage auctioned a PCGS certified MS-65RB 1864 ‘Small Motto’ Two Cent piece without a CAC sticker for $2640, half as much as the price realized for the CAC piece! This $2640 price realized was not an outlier. On January 26, 2020, GreatCollections sold a different non-CAC, PCGS certified MS-65RB 1864 ‘Small Motto’ Two Cent piece for a similar price, $2657.25.  https://auctions.stacksbowers.com/lots/view/3-P99ZK/1864-two-cent-piece-fs-401-small-motto-ms-65-rb-ngc-cac-oh

11. On December 17, Stack’s-Bowers auctioned a CAC approved MS-66 grade 1862 Three Cent Silver for $1920. On December 22, Heritage sold a PCGS graded MS-66 1862 Three Cent Silver without a CAC sticker for $930. On December 8, Heritage sold a different PCGS graded MS-66 1862 Three Cent Silver without a CAC sticker for $1170. The $1920 result on Dec. 17 for the just mentioned CAC approved coin was not a fluke. On August 7, Stack’s-Bowers auctioned another CAC approved MS-66 grade 1862 Three Cent Silver, which realized $1980.  https://auctions.stacksbowers.com/lots/view/3-P9906/1862-silver-three-cent-piece-ms-66-pcgs-cac-ogh

12. On December 17, Stack’s-Bowers auctioned a CAC approved, NGC graded MS-66 1900 Liberty Head nickel for $1320. On December 8, Heritage sold a PCGS graded MS-66 1900 Liberty Head nickel without a CAC sticker for $500.40. On November 24, Heritage sold a different PCGS graded MS-66 1900 Liberty Head nickel without a CAC sticker for $552. On November 15, the firm of David Lawrence sold a PCGS graded MS-66 1900 nickel without a CAC sticker for $650. https://auctions.stacksbowers.com/lots/view/3-P9A08/1900-liberty-head-nickel-ms-66-ngc-cac

13. On December 17, Stack’s-Bowers auctioned a CAC approved, NGC graded MS-65 1838 half dollar for $31,200. On September 18, Heritage auctioned a PCGS graded MS-65+ 1838 half dollar, without a CAC sticker, for $14,400.  https://auctions.stacksbowers.com/lots/view/3-P9C6O/1838-capped-bust-half-dollar-reeded-edge-half-dol-gr-9-rarity-3-ms-65-ngc-cac

14. On December 17, Stack’s-Bowers auctioned a CAC approved MS-65 grade 1795 Flowing Hair ‘Two Leaves Reverse’ silver dollar for $576,000. There are or were two other PCGS graded MS-65 1795 Flowing Hair ‘Two Leaves Reverse’ silver dollars, neither of which has a CAC sticker. They both were in the Pogue Family Collection. On September 20, 2015, Stack’s-Bowers auctioned both of these non-CAC, PCGS graded MS-65 1795 Flowing Hair ‘Two Leaves Reverse’ silver dollars for $258,500 and $282,000, respectively. Market levels for most rare silver coins were higher in 2015 than they were during 2020. The CAC approved PCGS graded MS-65 coin realized dramatically more than the two non-CAC PCGS graded MS-65 coins of the same type, date, and major variety. https://auctions.stacksbowers.com/lots/view/3-P97MK