CAC Coins Bring Premiums in January
In addition to faring well in Internet sales during the month of January, CAC approved coins flourished in live auctions in Orlando, Dallas and Los Angeles. Here are ten examples, which were selected from a large number of results that could have been listed.
In addition to faring well in Internet sales during the month of January, CAC approved coins flourished in live auctions in Orlando, Dallas and Los Angeles. Here are ten examples, which were selected from a large number of results that could have been listed.
1. On Jan. 1, the firm called GreatCollections sold a CAC approved MS-67 grade 1929 Mercury dime with a ‘Full Bands’ (FB) designation for $2035. On Nov. 8, Stack’s Bowers sold a PCGS certified MS-67FB 1929 dime, without a CAC sticker, for $780. On Aug. 23, 2022, Heritage sold a PCGS certified MS-67FB 1929 dime, without a CAC sticker, for this same price, $780. All three 1929 dimes cited here received a ‘Full Bands’ (FB) designation from PCGS. The CAC approved 1929 dime realized more than twice as much as either of the others.
2. On Jan. 15, GreatCollections sold a CAC approved MS-67RD 1909-S VDB
Lincoln cent for $337,700. On Aug. 24, Heritage auctioned a PCGS certified
MS-67RD 1909-S VDB Lincoln, without a CAC sticker, for $102,000. On April
22, Stack’s Bowers auctioned a different PCGS certified MS-67RD 1909-S VDB
Lincoln, without a CAC sticker, for $168,000, less than half as much as the
price realized for a CAC approved coin on Jan. 15.
3. On Jan. 22, GreatCollections sold a CAC approved MS-63 grade 1920 $20 gold coin for $4685.66. On Jan. 13, Heritage auctioned a PCGS graded MS-63
1920 $20 gold coin, without a CAC sticker, for $2520.
4. On Jan. 29, GreatCollections sold a CAC approved MS-67 grade 1921 Morgan silver dollar for $18,177.50. Certified MS-67 grade 1921 Morgans are not
auctioned often. On Oct. 28, 2021, Legend auctioned a PCGS graded MS-67
1921 Morgan dollar, without a CAC sticker, for $12,925.
5. On Jan. 11, Heritage auctioned a CAC approved MS-65 grade 1867 Indian cent for $16,800. On August 26, Heritage auctioned a PCGS graded MS-65+
1867 Indian cent without a CAC sticker for $7800, less than half as much as
the just mentioned CAC approved coin brought. Both of these 1867 cents
received a ‘Full Red’ (RD) designation from PCGS.
6. On Jan. 11, Heritage auctioned a CAC approved, PCGS certified Proof-65 Deep Cameo 1869 Three Dollar Gold piece for $102,000. On Sept. 29, 2022,
Heritage auctioned a PCGS certified Proof-65 Deep Cameo 1868 Three Dollar
Gold piece, without a CAC sticker, for $78,000.
7. On Jan. 11, Heritage auctioned a CAC approved, PCGS certified Proof-65 Deep Cameo 1875 Three Dollar Gold piece for $456,000. On Sept. 29, 2022,
Heritage auctioned a PCGS certified Proof-65 Deep Cameo 1875 Three, without
a CAC sticker, for $313,352.40.
8. On Jan. 12, Heritage auctioned a CAC approved MS-65 grade 1911-‘Strong D’ $2.5 gold coin for $84,000. On May 5, Heritage auctioned a PCGS graded
MS-65 1911-‘Strong D’ $2.5 gold coin, without a CAC sticker, for $55,200.
9. On Jan. 30, the Goldbergs auctioned a CAC approved MS-66 grade 1889 One Dollar Gold piece for $1740. On Jan. 4, Heritage sold a PCGS graded MS-66
1889 One Dollar Gold piece, without a CAC sticker, for $1140.
10. On Jan. 30, the Goldbergs auctioned a CAC approved, NGC graded MS-64 1912 $2.5 gold coin for $4080. On Nov. 4, Stack’s Bowers sold two PCGS graded MS-64 1912 $2.5 gold coins, neither of which had a CAC sticker. Each realized $3120. On Oct. 7, Heritage sold a different PCGS graded MS-64 1912 $2.5 gold coin, without a CAC sticker, for that same price, $3120. A CAC approved, NGC graded coin realized substantially more than each of three different non-CAC, PCGS graded MS-64 1912 quarter eagles.
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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.
