December 4, 2020
Vital rare coin & paper money industry updates
SEARCH BY CATEGORY
CAC Coins Bring Premiums in JanuaryCertified Acceptance Corporation (CAC) · Feb 4, 2020
Press Release Auctions Authentication U.S. Coins
CAC's monthly report on recent rare coin auction records where CAC-approved coins perform especially well in auctions.
Bedminster, NJ: In addition to faring well in Internet sales, CAC approved coins outperformed other certified coins at the FUN Convention in Orlando. Here are ten examples, which were selected from a large number of results that could have been listed. As it is traditional in the coin business for relatively expensive U.S. coins to publicly trade in January, the average value of coins listed this month is higher than usual.
- On January 5, the firm called GreatCollections sold a CAC approved AU-55 grade 1851-O $10 gold coin for $2418.75. Stack’s-Bowers auctioned the same non-CAC, PCGS graded AU-55 1851-O $10 gold coin for $1140 in November 2019 and for $1680 in August 2019 at an ANA convention. Also, in August 2019, Heritage auctioned a PCGS graded AU-55 1851-O $10 gold coin without a CAC sticker for $1510.80.
- On January 9, Heritage auctioned two PCGS graded MS-66 1922-S Peace silver dollars in consecutive lots. The coin with a CAC sticker realized $25,200 and the 1922-S Peace dollar without a sticker sold for $17,400.
- On January 9, Heritage auctioned a CAC approved AU-58 grade 1856-D One Dollar Gold piece for $25,200. In September 2019, at a Long Beach Expo, Heritage auctioned a PCGS graded AU-58 1856-D, without a CAC sticker for $18,000. Both coins were struck from the same pair of dies, according to the attributions in the auction catalogues. The 1856-D One Dollar Gold piece with a CAC sticker brought 40% more!
- On January 9, Heritage auctioned a CAC approved AU-55 grade 1808 $2.5 gold coin for $168,000. The last certified AU-55 1808 $2.5 gold coin to be sold at auction brought $126,000 at the Central States Numismatic Society Convention in April 2018. That 1808 was PCGS graded as AU-55 and did not have a CAC sticker.
- On January 9, Heritage auctioned two PCGS graded MS-63 1911-D Indian Head $10 gold coins in consecutive lots. The coin with a CAC sticker realized $23,400 and the 1911-D ten without a sticker sold for $10,500.
- On January 10, NGC graded MS-65 and PCGS graded MS-65 1897-S $20 gold coins were auctioned by Heritage in consecutive lots and came from the same consignor. The NGC graded 1897-S had a CAC sticker and realized $15,600. The PCGS graded MS-65 1897-S did not have a CAC sticker and it sold for $11,700.
- On January 9, Heritage auctioned a CAC approved MS-66 grade, 1908-D ‘No Motto’ $20 gold coin for $52,800. While no other certified MS-66 1908-D ‘No Motto’ twenties have publicly sold in 2020 or 2019, non-CAC, PCGS graded MS-66 1908 ‘No Motto’ twenties were sold by DLRC in April 2018 for $19,500, by Heritage in December 2017 for $19,200, and by Heritage in August 2016 for $21,150. Market values for these have not risen since August 2016. Clearly, the CAC approved 1908-D realized much more than its PCGS graded counterparts without CAC stickers.
1908-D $20 No Motto MS66 PCGS
Sold for: $21,150.00 1908-D $20 No Motto MS66 PCGS
Sunday, April 1, 2018 10:54 PM. $19,500.
- On January 9, Heritage auctioned a CAC approved, MS-67 grade 1924 Saint Gaudens $20 gold coin for $28,800. In August 2019, at an ANA convention, Stack’s-Bowers auctioned a non-CAC, PCGS graded MS-67 1924 Saint Gaudens $20 gold coin for $13,200. At the same ANA convention, Heritage auctioned a different, CAC approved MS-67 grade 1924 $20 gold coin, for $34,800. In March 2019, Heritage auctioned a non-CAC, PCGS graded MS-67 1924 for $10,200. In March 2018, Stack's-Bowers auctioned two non-CAC PCGS graded MS-67 1924 Saints for $10,800 each [link][link]. Much evidence suggests that CAC approved MS-67 1924 twenties are worth more than twice as much as their non-CAC, PCGS or NGC graded counterparts.
- The most stunning result for a CAC approved coin in January was the sale of a 1905 quarter by GreatCollections for $101,251.12. This quarter was PCGS graded MS-68 and CAC approved. The PCGS price guide value for this coin is $25,000. The highest PCGS price guide value for any Philadelphia Mint Barber quarter is $40,000 for a PCGS graded MS-68+ 1898.
- According to auction data on the PCGS web site, other than highly graded representatives of key and semi-key dates, no Barber quarter had sold for as much as $60,000 at auction. The 1905 is a relatively common date.
- On January 26, GreatCollections sold a CAC approved AU-58 grade 1827 dime for $1024.88. In February 2018, Heritage sold a PCGS graded AU-58 1827 dime without a CAC sticker for $870.
Leave a comment
Please sign in or register to leave a comment.
Your identity will be restricted to first name/last initial, or a user ID you create.