CAC Coins Bring Premiums in February
In addition to realizing impressive prices in Internet sales during the month of February, 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 Feb. 5, the firm called GreatCollections sold a CAC approved Proof-66 1941 nickel for $748. On Dec. 13, 2022, Stack’s Bowers sold a PCGS certified Proof-66 1941 nickel, without a CAC sticker, for $100. On Nov. 1, 2022, Heritage sold a different PCGS certified Proof-66 1941 nickel, without a CAC sticker, for $81.
https://www.greatcollections.com/Coin/1269273/1941-Jefferson-Nickel-PCGS-Proof-66-CAC-Toned
2. On Feb. 9, Heritage auctioned a CAC approved MS-66 grade 1921 Peace silver dollar for $21,600. On Dec. 15, 2022, Heritage sold a PCGS graded MS-66 1921 Peace silver dollar, without a CAC sticker, for $9000.
3. On Feb. 9, Heritage auctioned a CAC approved MS-66 grade 1910 $5 gold coin for $45,600. On Sept. 17, 2020, Heritage auctioned a PCGS graded MS-66 1910 $5 gold coin, without a CAC sticker, though from the Bob Simpson Collection, for $13,200. Yes, values for these increased from September 2020 to February 2023, though by 15% at most, only a small fraction of the difference between $45,600 and $13,200.
4. On Feb. 12, GreatCollections sold a CAC approved MS-63 grade 1861 Three Cent Silver for $577.50. On Dec. 13, 2022, Heritage sold a PCGS graded MS-63 1861 Three Cent Silver, without a CAC sticker, for $300.
https://www.greatcollections.com/Coin/1305926/1861-Silver-Three-Cent-Piece-PCGS-MS-63-CAC-OGH
5. On Feb. 12, GreatCollections sold a CAC approved MS-64 grade 1936-D quarter for $962.50. On Nov. 1, Heritage sold a PCGS graded MS-65 1936-D quarter, without a CAC sticker, for $602.40.
https://www.greatcollections.com/Coin/1308897/1936-D-Washington-Quarter-PCGS-MS-64-CAC
6. On Feb. 15, Stack’s Bowers sold a CAC approved MS-64 grade 1889-O Morgan silver dollar for $900. On Jan. 4, Heritage sold a PCGS graded MS-64 1889-O Morgan, without a CAC sticker, for $660.
https://auctions.stacksbowers.com/lots/view/3-113ZM0/1889-o-morgan-silver-dollar-ms-64-pcgs-cac
7. On Feb. 15, Stack’s Bowers sold a CAC approved VF-30 grade 1895-S Morgan silver dollar for $1080. On Jan. 4, Heritage sold a PCGS graded VF-30 1895-S Morgan, without a CAC sticker, for $900.
https://auctions.stacksbowers.com/lots/view/3-113ZYW/1895-s-morgan-silver-dollar-vf-30-pcgs-cac
8. On Feb. 23, Legend auctioned a CAC approved Proof-66 1869 Two Cent piece for $5405. On May 5, 2022, Heritage auctioned a PCGS certified Proof-66 1869 Two Cent piece, without a CAC sticker, for $2880. Both coins were designated by PCGS as having ‘full mint red color’ (RD).
https://legendauctions.hibid.com/lot/145103167/2c-1869-pcgs-pr66-rd-cac?ipp=10
9. On Feb. 23, Legend auctioned a CAC approved, PCGS certified Proof-65-Cameo 1875 Shield nickel for $1527.50. On Sept. 23, 2022, Stack’s Bowers sold a PCGS certified Proof-65-Cameo 1875 Shield nickel, without a CAC sticker, for $780.
https://legendauctions.hibid.com/lot/145103187/5c-1875-pcgs-pr65-cam-cac?ipp=10
10. On Feb. 23, Legend auctioned a CAC approved AU-58 grade 1807 quarter for $16,450. On Jan. 11, 2023, Heritage auctioned a PCGS graded AU-58 1807 quarter, without a CAC sticker, for $6600. Both coins were struck from the same pair of dies.
https://legendauctions.hibid.com/lot/145103223/25c-1807-pcgs-au58-cac?ipp=10
11. On Feb. 23, Legend auctioned a CAC approved MS-64 grade 1877-CC half dollar for $5052.
On Dec. 16, Heritage sold a PCGS graded MS-64 1877-CC half, without a CAC sticker, for $3360.
On Nov. 3, Stack’s Bowers auctioned a different PCGS graded MS-64 1877-CC half, also without a CAC sticker, for $3120.
https://legendauctions.hibid.com/lot/145103314/50c-1877-cc-pcgs-ms64-cac?ipp=10
12. On Feb. 26, GreatCollections sold a CAC approved MS-63 grade 1891-CC $10 gold coin for $14,493.60. On Dec. 18, David Lawrence Rare Coins sold a PCGS graded MS-63 1891-CC $10 gold coin, without a CAC sticker, for $8501. On Oct. 6, Heritage auctioned a different PCGS graded MS-63 1891-CC $10 gold coin, without a CAC sticker, for $7500, about half as much as the price realized by the CAC approved coin on Feb. 26. Another PCGS graded MS-63 1891-CC $10 gold coin, without a CAC sticker, was auctioned by Legend on Sept. 8, 2022, for $9693.75.
https://www.greatcollections.com/coin/1298821
https://legendauctions.hibid.com/lot/129380180/-10-1891-cc-pcgs-ms63/
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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.
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