CAC Coins Bring Premiums in March 2020
Certified Acceptance Corporation's monthly report on recent rare coin auction records where CAC-approved coins perform especially well in auctions.
Bedminster, NJ: In addition to realizing newsworthy premiums in a public auction in Southern California, CAC approved coins outperformed other certified coins in various public Internet sales during the month of March. Here are ten examples, which were selected from a large number of results that could have been listed.
1. On March 1, the firm called GreatCollections sold a CAC approved NGC graded MS-65 Liberty Head 1899 $2.5 gold coin for $1586.25. In February 2020, at a Long Beach Expo, Heritage auctioned a PCGS graded MS-65 Liberty Head 1899 $2.5 gold coin without a CAC sticker for $1380.
2. On March 1, GreatCollections sold a CAC approved MS-64 grade 1915 Indian Head $5 gold coin for $2418.75. On December 7, 2019, Heritage sold a PCGS graded MS-64 1915 Indian Head $5 gold coin without a CAC sticker for $1860. Earlier, in August 2019, Heritage sold two PCGS graded MS-64 1915 Indian Head $5 gold coins, neither of which had a CAC sticker, each for $1740.
3. On March 1, GreatCollections sold a CAC approved AU-58 grade 1868 Liberty Head $10 gold coin for $9562.50. In January 2020, at the FUN Convention, Heritage auctioned a PCGS graded AU-58 1868 $10 gold coin without a CAC sticker for $5523.60. On December 7, 2019, Heritage sold a different PCGS graded AU-58 1868 $10 gold coin without a CAC sticker for $5640.
4. On March 11, Heritage sold a CAC approved AU-55 grade 1829 half dollar for $690. A week later, Heritage sold a PCGS graded AU-55 grade 1829 half dollar without a CAC sticker for $360. Neither coin is of a rare die variety.
5. On March 15, Heritage sold a CAC approved NGC certified MS-65 ‘Full Head’ 1930 Standing Liberty quarter for $630. On March 24, Stack’s-Bowers sold a PCGS certified MS-65 ‘Full Head’ 1930 Standing Liberty quarter without a CAC sticker for $432. Furthermore, in the same online sale that ended on February 26, 2020, Heritage sold two PCGS certified MS-65FH 1930 quarters in old holders. The CAC approved coin realized $660 while the non-CAC coin sold for $456.
6. On March 15, Heritage sold a CAC approved MS-64 grade 1851 One Dollar Gold piece for $780. On March 25, Heritage sold a PCGS graded MS-64 1851 One Dollar Gold piece in an old holder without a CAC sticker for $552. Earlier, on January 8, 2020, Heritage sold a different PCGS graded MS-64 1851 One Dollar Gold piece in an old holder without a CAC sticker for $576.
7. On March 15, Heritage sold a CAC approved MS-65 grade 1862 One Dollar Gold piece for $1800. On December 7, 2019, when market levels for these were higher, a PCGS graded MS-65 1862 One Dollar Gold piece without a CAC sticker realized $1080.
8. On March 20, Stack’s-Bowers auctioned a CAC approved PCGS certified MS-68 ‘Full Bands’ 1939-D Mercury dime for $2160. On March 8, the firm of David Lawrence sold a PCGS certified MS-68 ‘Full Bands’ 1939-D Mercury dime without a CAC sticker for $865, which was in the collection of Dell Loy Hansen. On January 8, 2020, Heritage sold a different PCGS certified MS-68 ‘Full Bands’ 1939-D Mercury dime without a CAC sticker for $690. The CAC approved coin brought more than the combined prices realized of the other two.
9. On March 20, Stack’s-Bowers auctioned a CAC approved MS-66 grade 1934-S Peace dollar for $32,400. At the FUN Convention in January 2020, Heritage auctioned a PCGS graded MS-66 1934-S Peace dollar without a CAC sticker for $18,000.
10. On March 20, Stack’s-Bowers auctioned a CAC approved AU-58 grade 1854-S $10 gold coin for $6600. On November 15, 2019, Stack’s-Bowers auctioned a PCGS graded AU-58 1854-S $10 gold coin without a CAC sticker for $4560. Market levels for these have not risen in the interim. The CAC approved coin brought much more.
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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.
