CAC Coins Bring Premiums in February 2021
In addition to performing well in public Internet sales, CAC approved coins outperformed other certified coins in in February auctions.
In addition to faring well in Internet sales, CAC approved coins outperformed other certified coins in live auctions in Los Angeles, 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. 2, the Goldbergs auctioned a CAC approved AU-55 grade 1856 ‘Slanted 5’ Indian Princess One Dollar Gold piece for $360. On Dec. 9, 2020, Heritage sold a PCGS graded AU-55 1856 ‘Slanted 5’ One Dollar Gold piece without a CAC sticker for $288. On Nov. 3, 2019, GreatCollections sold a different PCGS graded AU-55 1856 ‘Slanted 5’ One Dollar Gold piece without a CAC sticker for $270.00.
http://images.goldbergauctions.com/php/lot_auc.php?site=1&sale=120&lot=379&lang=1
2. On Feb. 14, the firm called ‘GreatCollections’ sold a CAC approved XF-40 grade 1818 quarter for $1575. On Aug. 7, 2020, Stack’s-Bowers auctioned a PCGS graded XF-40 1818 quarter without a CAC sticker for $1080.
https://www.greatcollections.com/Coin/945675/1818-Capped-Bust-Quarter-PCGS-XF-40-CAC
3. On Feb. 19, Heritage auctioned a CAC approved, MS-66 grade 1914-S Buffalo nickel for $6600. On Feb. 21, GreatCollections sold a PCGS graded MS-66 1814-S Buffalo nickel without a CAC sticker for $4275.
4. On Feb. 19, Heritage auctioned a CAC approved, NGC graded AU-58 1862 $2.5 gold coin for $3360. On Nov. 22, Heritage auctioned an NGC graded AU-58 1862 $2.5 gold coin without a CAC sticker for $2103.60. On Dec. 27, 2020, the firm of David Lawrence sold a PCGS graded AU-58 1862 $2.5 gold coin without a CAC sticker for $2700. The CAC approved coin brought substantially more in February than past results for non-CAC PCGS and non-CAC NGC graded AU-58 1862 $2.5 gold coins.
5. On Feb. 19, Heritage auctioned a CAC approved, NGC graded AU-55 1860-S $10 gold coin for $26,400. A year earlier, at a Long Beach Expo, Heritage auctioned a PCGS graded AU-55 1860-S $10 gold coin without a CAC sticker for $21,600.
https://coins.ha.com/itm/liberty-eagles/eagles/1860-s-10-au55-ngc-cac-pcgs-8632-/a/1327-3780.s
6. On Feb. 21, GreatCollections sold a CAC approved MS-64 grade 1854 quarter for $2539.77. On Oct. 27, 2020, Heritage sold a PCGS graded MS-64 1854 quarter without a CAC sticker for $1440.
7. On Feb. 21, Heritage auctioned a CAC approved MS-64 grade 1858 half dollar for $2880. Over the last six years, PCGS or NGC graded MS-64 1858 half dollars have been auctioned or publicly sold over the Internet more than a half dozen times by firms that specialize in coins. Not once during the last six years has a non-CAC PCGS or NGC graded MS-64 1858 half dollar publicly sold for as much as $1900. The most recent such sale was by Heritage on June 7, 2020. A PCGS graded MS-64 1858 half dollar without a CAC sticker then went for $1560.
8. On Feb. 23, Heritage auctioned a CAC approved, certified Proof-66 1860 quarter with a ‘Cameo’ designation for $8040. On September 17, 2020, Heritage auctioned a PCGS certified Proof-66 1860 quarter also with a ‘Cameo’ designation, though without a CAC sticker for $5400. Both coins came from the Simpson Collection.
9. On Feb. 23, Heritage auctioned a CAC approved MS-68 grade 1934 Walking Liberty half dollar for $20,400. A non-CAC, certified MS-68 1934 half has not been sold in a while. In November 2018, Heritage auctioned a PCGS graded MS-68 1934 half dollar without a CAC sticker,for $6000. In February 2018, GreatCollections sold a different PCGS graded MS-68 1934 half dollar without a CAC sticker for $5177.25.
10. On Feb. 25, Legend auctioned a CAC approved MS-65 grade 1863 Indian cent for $1233.75. On Feb. 17, Heritage sold a PCGS graded MS-65 1863 Indian cent without a CAC sticker for $780.
https://legendauctions.hibid.com/lot/82219872/1c-1863-pcgs-ms65-cac?ipp=10
11. On Feb. 25, Legend auctioned a CAC approved XF-45 grade 1916-D Mercury dime for $7931.25. In June 2020, Heritage sold a PCGS graded XF-45 1916-D Mercury dime without a CAC sticker for $5760. In July 2019, Heritage auctioned a different PCGS graded XF-45 1916-D Mercury dime without a CAC sticker for $6000.
https://legendauctions.hibid.com/lot/82219969/10c-1916-d-mercury--pcgs-xf45-cac?ipp=10
12. On Feb. 25, Legend auctioned a CAC approved, MS-65 grade 1875-S Twenty Cent piece for $3407.50. During August 2020, Stack’s-Bowers and Heritage, separately, each auctioned a PCGS graded MS-65 1875-S Twenty Cent piece without a CAC sticker. The 1875-S sold by Stack’s-Bowers brought $2040 and the coin sold by Heritage realized $1800.
https://legendauctions.hibid.com/lot/82219978/20c-1875-s-pcgs-ms65-cac?ipp=10
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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.
