CAC Coins Bring Premiums in July
During the month of July, CAC approved coins fared well in live auctions in Dallas and Las Vegas, in addition to performing well in many Internet sales.
During the month of July, CAC approved coins fared well in live auctions in Dallas and Las Vegas, in addition to performing in many Internet sales. Here are a dozen examples, which were selected from a large number of results that could have been listed.
1. On July 3, GreatCollections sold a CAC approved NGC certified Proof-66 1883 ‘No Cents’ Liberty Head nickel for $1019.70. On May 3, Heritage sold a PCGS certified Proof-66 1883 ‘No Cents’ nickel without a CAC sticker for $690.
https://www.greatcollections.com/Coin/1160332/1883-Liberty-Nickel-No-CENTS-NGC-Proof-66-CAC
2. On July 15, Heritage auctioned a CAC approved, NGC graded MS-65 1854 Three Cent Silver for $3960. On Dec. 19, 2021, Heritage sold a PCGS graded MS-65 1854 Three Cent Silver without a CAC sticker for $1801.20, less than half as much.
3. On July 15, Heritage auctioned a CAC approved AU-53 (fifty-three) grade 1838-O ‘No Stars’ half dime for $8100. AU grade 1838-O half dimes are not often offered. On April 23, 2020, Heritage sold a PCGS graded AU-58 (fifty-eight) 1838-O ‘No Stars’ half dime without a CAC sticker for $6000. A CAC approved AU-53 coin thus brought much more than a non-CAC, PCGS graded AU-58 (fifty-eight) 1838-O half dime. While market levels for these have increased a little from April 2020 to July 2022, this increase could not account for a large part of the premium paid for this CAC approved half dime.
4. On July 15, in successive lots, Heritage auctioned two PCGS graded MS-66 1892-O quarters. The CAC approved 1892-O realized $5040 and the 1892-O without a CAC sticker realized $2880. The CAC approved MS-66 1892-O quarter thus realized 75% more than the non-CAC, PCGS graded MS-66 1892-O quarter
5. On July 21, a CAC approved, NGC graded MS-64 1918-S Lincoln cent sold on eBay for $311.28. On March 22, Heritage sold a PCGS graded MS-64 1918-S Lincoln without a CAC sticker for $240. Both coins were designated as being ‘Brown’ in color (BN).
https://www.ebay.com/itm/354166805144?hash=item5275fc9298:g:mhMAAOSw0Nti0M64
6. On July 24, GreatCollections sold a CAC approved, PCGS certified MS-65RD 1911-S Lincoln cent for $14,726.80. Four second earlier, at 4:11:24 PM Pacific Time, GreatCollections sold a PCGS certified MS-65RD 1911-S Lincoln cent without a CAC sticker for $2064.38. Both coins were designated by PCGS as having ‘full red color’ (RD). The CAC approved MS-65RD 1911-S cent thus brought more than seven times as much as its non-CAC, PCGS graded counterpart.
https://www.greatcollections.com/Coin/1174317/1911-S-Lincoln-Cent-PCGS-MS-65-RD-CAC
7. On July 24, GreatCollections sold a CAC approved MS-65 grade 1927-D Peace silver dollar for $6660.50. On July 17, GreatCollections sold a PCGS graded MS-65 1927-D Peace dollar without a CAC sticker for $3937.50.
https://www.greatcollections.com/Coin/1192286/1927-D-Peace-Silver-Dollar-PCGS-MS-65-CAC
8. On July 24, a CAC approved XF-40 (forty) grade 1928 Peace silver dollar sold on eBay for $361.57. On June 15, Heritage sold a PCGS graded AU-50 (fifty) 1928 Peace dollar without a CAC sticker for $300. A CAC approved XF-40 grade coin thus sold for 20% more than a non-CAC, PCGS graded AU-50 (fifty) 1928 dollar.
https://www.ebay.com/itm/134175194879?hash=item1f3d76feff:g:pqgAAOSwqxZitj3T
9. On July 24, Apmex sold a CAC approved NGC graded AU-58 1861 $20 gold coin for $3750 on eBay. On Dec. 16, 2021, Heritage sold a PCGS graded AU-58 1861 $20 gold coin without a CAC sticker for $2640. Although these increased in value between December 2021 and July 2022, this increase would not account for much of the difference in price between $3750 and $2640.
https://www.ebay.com/itm/144643594935?hash=item21ad6e1ab7:g:ljwAAOSwS-dizbmF
10. On July 28, Legend auctioned a CAC approved MS-68 grade 1936-D Columbia commemorative half dollar for $7050. On Feb. 25, 2022, Heritage auctioned a PCGS graded MS-68 1936-D Columbia half without a CAC sticker for $3840.
https://legendauctions.hibid.com/lot/125516504/50c-1936-d-columbia--pcgs--ms68-cac?ipp=10
11. On July 28, Legend auctioned a CAC approved MS-66 grade 1938-D half dollar for $2467.50. On Feb. 27, the firm of David Lawrence sold a PCGS graded MS-66 1938-D half without a CAC sticker for $1800. On Feb. 22, Heritage sold a different PCGS graded MS-66 1938-D half, without a CAC sticker, for $1700.40.
https://legendauctions.hibid.com/lot/125516709/50c-1938-d--pcgs--ms66-cac?ipp=10
12. On July 28, Legend auctioned a CAC approved Proof-68 1942 half dollar for $4700. On May 23, Heritage sold a PCGS certified Proof-68 1942 half without a CAC sticker for $3120.
https://legendauctions.hibid.com/lot/125516715/50c-1942--pcgs--pr68-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.
