CAC Coins Bring Premiums in January 2024
CAC approved coins fared well in many public sales during the month of January, and in a live auction in Dallas County, Texas.
Here are ten examples, which were selected from a large number of results that could have been listed:
1. On Jan. 7, GreatCollections sold a CACG graded MS-67 1936 York County, Maine, commemorative half dollar for $451. Three seconds later at 07:19:27 PM Pacific Time, GreatCollections sold a PCGS graded MS-67 1936 York County half dollar, without a CAC sticker, for $305.80.
2. On Jan. 10, Stack’s Bowers sold a CAC approved, NGC graded MS-61 1912 $2.5 gold coin for $720. In Jan. 7, GreatCollections sold a PCGS graded MS-61 1912 $2.5 gold coin, without a CAC sticker, for $534.60
https://auctions.stacksbowers.com/lots/view/3-17H6EV/1912-indian-quarter-eagle-ms-61-ngc-cac
3. On Jan. 11, Heritage auctioned a CAC approved AU-58 grade 1796 quarter for $156,000. On Aug. 15, Heritage auctioned a PCGS graded AU-58 1796 quarter, without a CAC sticker, for $87,000. Both coins were struck from the same pair of dies. Market levels for AU-58 grade 1796 quarters were just a little higher in January 2024, if higher at all, than they were during August 2023.
https://coins.ha.com/itm/early-quarters/1796-25c-b-2-r3-au58-pcgs-cac-pcgs-38920-/a/1371-4043.s
4. On Jan. 11, Heritage auctioned a CAC approved VF-25 grade 1797 half dollar for $81,000. On May 3, Heritage auctioned a PCGS graded VF-25 1797 half, without a CAC sticker, for $51,600. Both coins were struck from the same pair of dies. Market levels for these were not higher in January 2024 than they were in May 2023.
5. On Jan. 11, Heritage auctioned a CAC approved Fine-12 (twelve) grade 1794 silver dollar for $216,000. A year earlier, on Jan. 12, 2023, Heritage auctioned a PCGS graded VF-25 (twenty-five) 1794 silver dollar, without a CAC sticker, for $204,000. Market levels for circulated 1794 dollars did not increase over the year 2023. A CAC approved Fine-12 grade coin thus brought more than another 1794 dollar that was PCGS graded three increments higher (15, 20, 25), without a CAC sticker. Generally, a VF-25 grade 1794 dollar has been thought to be worth a premium of more than 30% over a Fine-12 grade 1794 dollar.
https://coins.ha.com/itm/early-dollars/1794-1-b-1-bb-1-r4-fine-12-pcgs-cac-pcgs-39972-/a/1371-4081.s
6. On Jan. 11, Heritage auctioned a CAC approved MS-64 grade 1812 $5 gold coin for $50,400. On Aug. 24, 2022, Heritage auctioned a PCGS graded MS-64 1812 $5 gold coin, without a CAC sticker, for $28,800. Both coins were struck from the same pair of dies. Market levels for these were higher in August 2022 than they were in January 2024.
7. On Jan. 11, Heritage auctioned a CAC approved MS-63 grade 1861 Clark, Gruber & Co. $2.5 gold coin for $84,000. Two years earlier, on Jan. 14, 2022, Heritage auctioned a PCGS graded MS-63 1861 Clark, Gruber & Co. $2.5 gold coin, without a CAC sticker, for $38,400. Market levels for Clark, Gruber & Co. and other privately issued gold coins might have been as much as 12.5% higher in January 2024 than they were in January 2022. Certainly the increase in market levels for pioneer gold would not account for the difference between $84,000 and $38,400.
8. On Jan. 14, GreatCollections sold a CACG graded MS-65 1927-D Peace dollar for $4235. On Jan. 28, GreatCollections sold a PCGS graded MS-65 1927-D Peace Dollar, without a CAC sticker, for $3307.70.
https://www.greatcollections.com/Coin/1503391/1927-D-Peace-Silver-Dollar-CACG-MS-65
9. On Jan. 21, GreatCollections sold a CACG graded MS-67 1937-D half dollar for $2970. On Nov. 19, GreatCollections sold a PCGS graded MS-67 1937-D half dollar, without a CAC sticker, for $2009.70.
https://www.greatcollections.com/Coin/1505850/1937-D-Walking-Liberty-Half-Dollar-CACG-MS-67-Toned
10. On Jan. 28, GreatCollections sold a CACG graded MS-65 1922 Peace silver dollar for $205.70. Three seconds earlier, at 06:45:27 PM Pacific Time, GreatCollections sold a PCGS graded MS-65 1922 Peace dollar, without a CAC sticker, for $103.50.
https://www.greatcollections.com/Coin/1503081/1922-Peace-Silver-Dollar-CACG-MS-65
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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.
