CAC Coins Bring Premiums in June 2020
Certified Acceptance Corporation's monthly report on recent rare coin auction records where CAC-approved coins perform especially well in auctions.
This 1884 Morgan dollar graded PCGS MS67 with CAC approval realized $4920 in a June Heritage auction.
CAC approved coins outperformed other certified coins in various public
Internet sales during the month of June. Here are ten examples, which were
selected from a large number of results that could have been listed.
1. On June 4, Heritage sold a CAC approved, NGC graded MS-61 1801 $10 gold coin for $26,500. On March 19, Stack’s-Bowers auctioned a PCGS graded MS-61 1801 $10 gold coin without a CAC sticker for $20,400. These two 1801 tens were struck from the same pair of dies.
2. On June 5, Heritage sold a CAC approved MS-67 grade 1884 Morgan silver dollar for $4920. In January 2020, at the winter FUN Convention, Heritage auctioned a PCGS graded MS-67 1884 Morgan without a CAC sticker for $2520.
3. On June 5, Heritage sold a CAC approved MS-64 grade 1914 $5 gold coin for $3840. On April 8, Heritage sold a PCGS graded MS-65 1914 $5 gold coin without a CAC sticker for $2100. The CAC approved 1914 five was in a relatively new PCGS holder while the non-CAC 1914 $5 coin was in a green-label PCGS holder that is more than twenty years old.
4. On June 7, the firm called GreatCollections sold a CAC approved MS-65 grade 1891 quarter for $1350. On April 29, Heritage sold a PCGS graded MS-65 1891 quarter without a CAC sticker for $900.
https://www.greatcollections.com/Coin/845283/1891-Seated-Liberty-Quarter-PCGS-MS-65-CAC
5. On June 14, Great Collections sold a CAC approved, certified Proof-64 1859 dime for $1327.50. On April 26, Heritage sold a PCGS certified Proof-64 1859 dime without a CAC sticker for $990. On October 24, 2019, Heritage sold a different PCGS certified Proof-64 1859 dime without a CAC sticker for $1110.
https://www.greatcollections.com/Coin/849262/1859-Seated-Liberty-Dime-PCGS-Proof-64-CAC-Toned
6. On June 19, Stack’s-Bowers sold a CAC approved, NGC graded VF-30 1799 silver dollar for $2520. On April 15, Heritage sold a PCGS graded VF-30 1799 silver dollar without a CAC sticker for $1680. Although these were struck from different pairs of dies, neither die pairing is rare in the present.
7. On June 19, Stack’s-Bowers sold a CAC approved MS-65 grade 1873 ‘Open 3’ One Dollar Gold piece for $1920. On May 6, Heritage sold a PCGS graded MS-65 1873 ‘Open 3’ One Dollar Gold piece without a CAC sticker for $1020.
https://auctions.stacksbowers.com/lots/view/3-N547J/1873-gold-dollar-open-3-ms-65-pcgs-cac
8. On June 19, Stack’s-Bowers sold a CAC approved AU-55 grade 1856-S $10 gold coin for $3360. On June 7, Heritage sold a PCGS graded AU-55 1856-S $10 gold coin without a CAC sticker for $2280.
https://auctions.stacksbowers.com/lots/view/3-N5212/1856-s-liberty-head-eagle-au-55-pcgs-cac
9. On June 19, Stack’s-Bowers sold a CAC approved MS-65 grade 1926 Sesquicentennial of American Independence commemorative half dollar for $1020. On May 15, Heritage sold three PCGS graded MS-65 1926 Sesquicentennial halves, none of which had a CAC sticker for $720, $630 and $549.60 respectively. Also, on March 25, Stack’s-Bowers sold a different PCGS graded MS-65 1926 Sesquicentennial half without a CAC sticker for $720.
10. On June 21, GreatCollections sold a CAC approved MS-65 grade 1916 Barber dime for $352.12. On March 11, Stack’s-Bowers sold a PCGS graded MS-65 1916 Barber dime without a CAC sticker for $264.
https://www.greatcollections.com/Coin/848123/1916-Barber-Dime-PCGS-MS-65-CAC
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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.
