CAC Coins Bring Premiums in March
In addition to realizing impressive prices in Internet sales during the month of March, CAC approved coins fared well in a live auction in Orange County, California.
Here are ten examples, which were selected from a large number of results that could have been listed.
- On March 5, the firm called GreatCollections sold a CAC approved MS-65 grade 1858 quarter for $3135. On Aug. 25, Stack’s Bowers auctioned a PCGS graded MS-65 1858 quarter, without a CAC sticker, for $2040. Market levels for these were a little higher in March 2023 than they were in August 2022.
- On March 5, GreatCollections sold a CAC approved MS-65 grade 1875 half dollar for $3465. On Aug. 5, 2022, Stack’s Bowers auctioned a PCGS graded
MS-65 1875 half dollar, without a CAC sticker, for $2520. Market levels for
these were just slightly greater in March 2023, perhaps 7% higher, than
they were in August 2022.
- On March 5, GreatCollections sold a CAC approved MS-65 grade 1917 Walking Liberty half dollar for $2365. On Nov. 15, 2022, Stack’s Bowers sold a PCGS graded MS-65+ 1917 Walker, without a CAC sticker, for $1080. While market levels for these increased slightly from November 2022 to March 2023, 5% at most, this increase does not account for the difference between $2365 and $1080. A CAC approved, PCGS graded MS-65 coin realized more than twice as much as a non-CAC PCGS graded MS-65+ 1917 Walking Liberty half dollar.
- On March 5, GreatCollections sold a CAC approved MS-67 grade 1905 $2.5 gold coin for $3960. On Feb. 9, Heritage sold a PCGS graded MS-67 1905 $2.5 gold coin, without a CAC sticker, for $3120.
- On March 12, GreatCollections sold a CAC approved, NGC graded VF-30 1796 Large Date, Small Letters silver dollar for $8525. On August 26, Heritage auctioned a PCGS graded VF-35 1796 Large Date, Small Letters silver dollar, without a CAC sticker, for $5520. Both coins were struck from the same pair of dies. Market levels for these were around 10% higher in March 2023 than they were in August 2022, not enough to account for the just cited difference in prices realized.
- On March 21, Stack’s Bowers auctioned a CAC approved MS-64 grade 1919-D half dollar for $30,000. On Jan. 11, Heritage auctioned a PCGS graded MS-64 1919-D half dollar, without a CAC sticker, for $19,800. Market levels for these were about the same in March as they were in January.
- On March 21, Stack’s Bowers auctioned a CAC approved MS-62 grade 1884-S Morgan silver dollar for $36,000. On Feb. 9, Heritage sold a PCGS graded MS-63 1884-S Morgan, without a CAC sticker, for $25,200. A CAC approved MS-62 grade coin thus brought substantially more than a non-CAC, PCGS graded MS-63 grade 1884-S Morgan dollar.
- On March 22, Stack’s Bowers auctioned a CAC approved AU-55 grade 1855-O $10 gold coin for $20,400. On Nov. 2, Stack’s Bowers auctioned a PCGS graded AU-55 1855-O ten, without a CAC sticker, for $8400. On Aug. 23, Stack’s Bowers auctioned a different PCGS graded AU-55 1855-O $10 gold coin, without a CAC sticker, for $14,400. All three were from the Fairmont hoard.
- On March 22, Stack’s Bowers auctioned a CAC approved AU-58 grade 1873-CC $20 gold coin for $55,200. On Nov. 2, Stack’s Bowers auctioned a PCGS graded AU-58 1873-CC $20 gold coin, without a CAC sticker, for $31,200.
- On March 23, Stack’s Bowers auctioned a CAC approved MS-66 grade 1934-D Peace silver dollar for $6600. On Jan. 22, David Lawrence Rare Coins sold a PCGS graded MS-66 1934-D Peace dollar, without a CAC sticker, for $4206. Earlier, on Sept. 8, 2022. Legend auctioned a different PCGS graded MS-66 1934-D Peace dollar, without a CAC sticker, for $4817.50.
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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.
