CAC Coins Bring Premiums in July 2020
Certified Acceptance Corporation's monthly report on recent rare coin auction records where CAC-approved coins perform especially well in auctions.
CAC approved coins outperformed other certified coins at a live auction in Las Vegas and in various public Internet sales during the month of July. Here are ten examples, which were selected from a large number of results that could have been listed.
1. On July 5, the firm called GreatCollections sold a CAC approved, NGC certified ‘Proof-66 Cameo’ 1880 half dollar for $4276.12. Proof 1880 halves with such a certification have not been auctioned recently. In April 2019, Heritage auctioned a PCGS certified Proof-66 Cameo 1880 half dollar without a CAC sticker for $2400. In January 2019, at a FUN Convention, Heritage sold a PCGS certified ‘Proof-66+ [sixty-six plus] Cameo’ 1880 half dollar without a CAC sticker for $2880.
2. On July 8, Heritage sold a CAC approved, NGC graded MS-67 1946 Washington quarter for $690. On June 23, Stack’s-Bowers sold a PCGS graded MS-67 1946 quarter without a CAC sticker for $456. On April 15, Stack’s-Bowers sold a different PCGS graded MS-67 1946 quarter without a CAC sticker for $480.
3. On July 12, GreatCollections sold a CAC approved MS-67 grade 1959-D Washington quarter for $2316.38. The last PCGS graded MS-67 1959-D quarter to sell at auction was in a Heritage event at a Long Beach Expo in June 2019. That 1959-D did not have a CAC sticker and sold for $1440.
4. On July 12, GreatCollections sold a CAC approved MS-67 grade 1939-S half dollar for $1190.25. On June 24, Heritage sold a PCGS graded MS-67 1939-S half dollar without a CAC sticker for $990. On June 18, Stack’s-Bowers sold a different PCGS graded MS-67 1939-S half dollar without a CAC sticker for $780
5. On July 14, Heritage sold a CAC approved, certified MS-65RD 1909-S Lincoln cent for $1680. This coin was designated by PCGS as having full original mint red (RD) color. On April 28, Heritage sold a PCGS certified MS-65RD 1909-S Lincoln cent without a CAC sticker for $990. On April 14, Heritage sold a different PCGS certified MS-65RD 1909-S Lincoln cent, without a CAC sticker for $810.
6. On July 16, Legend auctioned a CAC approved, certified MS-64RB 1857 half cent for $1468.75. The two letters after the numerical grade, “RB,” indicate that this coin has been certified as exhibiting a combination of toned brown and original mint red color. On August 11, 2019, the firm of David Lawrence sold a PCGS certified MS-64RB 1857 half cent without a CAC sticker for $725. In December 2017, Heritage sold a different PCGS certified MS-64RB 1857 half cent without a CAC sticker for $720.
7. On July 16, Legend auctioned a CAC approved MS-66 grade 1863 Three Cent Silver for $6756.25. On May 3, the firm of David Lawrence sold a PCGS graded MS-66 1863 Three Cent Silver without a CAC sticker for $3500.
8. On July 16, Legend auctioned a CAC approved AU-58 grade, 1861-S $2.50 gold coin for $17,037.50. On August 13, 2019, Stack’s-Bowers auctioned a PCGS graded AU-58 1861-S $2.50 gold coin without a CAC sticker for $6600.
9. On July 16, Legend auctioned a CAC approved XF-45 grade 1865-S $5 gold coin for $5640. The last PCGS or NGC graded XF-45 1865-S $5 gold coin to sell at auction was a PCGS graded XF-45 coin, without a CAC sticker which Heritage auctioned for $4320 in August 2018.
10. On July 16, Legend auctioned a CAC approved AU-55 grade 1862-S $10 gold coin for $31,725. On June 4, 2020, Heritage sold a PCGS graded AU-55 1862-S $10 gold coin without a CAC sticker for $19,800.
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.
