CAC Coins Bring Premiums in January 2021
In addition to performing well in public Internet sales, CAC approved coins outperformed other certified coins in a live auction in Dallas during the month of January.
In addition to performing well in public Internet sales, CAC approved coins outperformed other certified coins in a live auction in Dallas during the month of January. Here are ten examples, which were selected from a large number of results that could have been listed.
1. On January 3, the firm called GreatCollections sold a CAC approved Almost Good -03 grade 1805 quarter for $312.12. On December 8, 2020, Heritage sold a PCGS graded AG-03 1805 quarter without a CAC sticker for $180.
https://www.greatcollections.com/Coin/890449/1805-Draped-Bust-Quarter-PCGS-AG-03-CAC
2. On January 3, GreatCollections sold a CAC approved AU-58 grade 1831 ‘Small Letters’ quarter for $2475. On August 7, 2020, Stack’s-Bowers auctioned a PCGS graded AU-58 1831 ‘Small Letters’ quarter without a CAC sticker for $1140, less than half as much.
3. On January 10, GreatCollections sold a CAC approved MS-66 grade 1918 quarter with a ‘Full Head’ (FH) designation for $6669. On January 21, Heritage auctioned a PCGS certified MS-66FH 1918 quarter without a CAC sticker for $4680.
https://www.greatcollections.com/Coin/928322/1918-Standing-Liberty-Quarter-PCGS-MS-66-FH-CAC
4. On January 21, Heritage auctioned a CAC approved, certified MS-67 1883 Three Cent Nickel for $36,000. On September 18, Heritage auctioned a PCGS graded MS-67 1883 Three Cent Nickel without a CAC sticker for $25,920.
5. On January 21, Heritage auctioned a CAC approved, certified Proof-68 1913 ‘Type Two’ Buffalo nickel for $31,200. On October 15, 2020, Heritage auctioned a PCGS certified Proof-68 1913 ‘Type Two’ Buffalo nickel without a CAC sticker for $13,800.
6. On January 21, in consecutive lots, Heritage auctioned two PCGS graded MS-65 1925-S Peace dollars. The 1925-S with a CAC sticker brought $37,200, while the 1925-S without a sticker realized $15,600
7. On January 21, Heritage auctioned a CAC approved, NGC graded AU-55 1860-S Liberty Head $10 gold coin for $25,200. On February 20, 2020, Heritage auctioned a PCGS graded AU-55 1860-S $10 gold coin without a CAC sticker for $21,600. That 1860-S was from the famous Harvey Jacobson Collection. Nevertheless, the CAC approved NGC graded coin brought 16.67% more.
https://coins.ha.com/itm/liberty-eagles/eagles/1860-s-10-au55-ngc-cac-pcgs-8632-/a/1326-4105.s
8. On January 22, Heritage auctioned a CAC approved MS-66 grade 1881-O Morgan silver dollar with a CAC sticker for $13,200. During 2020, four PCGS graded MS-66 1881-O Morgans were auctioned, not one of which had a CAC sticker, by Stack’s-Bowers for $4560 on November 13, by Stack’s-Bowers for $3840 on August 7, by Legend for $4582.50 on January 30, and another by Legend on January 30 for $4817.50. The CAC approved 1881-O thus realized a premium of more than 250% above the respective price realized of each of four non-CAC 1881-O Morgan dollars that received the same grade from the same grading service.
9. On January 22, Heritage auctioned a CAC approved MS-67 grade 1900-O Morgan silver dollar for $7800. On October 25, 2020, the firm of David Lawrence sold a PCGS graded MS-67 1900-O Morgan without a CAC sticker for $2750. On October 8, 2020, Legend auctioned a different PCGS graded MS-67 1900-O Morgan without a CAC sticker for $2056.25.
10. On January 22, Heritage auctioned a CAC approved, MS-67 grade 1872 One Dollar Gold piece for $16,200. On September 17, 2020, Heritage auctioned a PCGS graded MS-67+ 1872 One Dollar Gold piece without a CAC sticker for $12,000.
https://coins.ha.com/itm/gold-dollars/1872-g-1-ms67-pcgs-cac-pcgs-7572-/a/1326-4542.s
Download the Greysheet app for access to pricing, news, events and your subscriptions.
Subscribe Now.
Subscribe to CAC Rare Coin Market Review for the industry's most respected pricing and to read more articles just like this.
Visit these great CDN Sponsors
CDN Sponsors
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.
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.
Comment
Comments