CAC Coins Bring Premiums in March 2024
During the month of March 2024, CAC approved already certified coins and CACG graded coins fared well in Internet sales and in a live auction in Costa Mesa, California.
Here are a dozen examples, which were selected from a larger number of results that could have been listed.
1. On March 3, GreatCollections sold a CACG graded MS-66 1908 half dollar for $6050. On January 10, Heritage auctioned a PCGS graded MS-66 1908 half, without a CAC sticker, for $3840.
https://www.greatcollections.com/Coin/1536685/1908-Barber-Half-Dollar-CACG-MS-66-Toned
2. On March 3, GreatCollections sold a CACG graded MS-65+ 1936-S Columbia, South Carolina, commemorative half dollar for $330. On Nov. 30, Heritage sold a PCGS graded MS-66 1936-S Columbia half dollar, without a CAC sticker, for $288. On Nov. 19, GreatCollections sold a different PCGS graded MS-66 1936-S Columbia half dollar, without a CAC sticker, for $259.60. Market levels for these were not higher in March 2024 than they were in November 2023.
3. On March 6, Stack’s Bowers sold a CACG certified Proof-69 Deep Cameo 1995-P Silver Eagle for $105. On March 24, GreatCollections sold a PCGS certified Proof-69 Deep Cameo 1995-P Silver Eagle for $85.55. On March 10, GreatCollections sold an NGC certified Proof-69 Ultra Cameo 1995-P Silver Eagle for $79.20.
https://auctions.stacksbowers.com/lots/view/3-18D2EX/1995-p-silver-eagle-proof-69-deep-cameo-cacg
4. On March 10, GreatCollections sold a CACG certified Proof-68 1939 half dollar for $9062.90. On Feb. 11, GreatCollections sold a PCGS certified Proof-68 1939 half dollar, without a CAC sticker, for $3741.10.
https://www.greatcollections.com/Coin/1539344/1939-Walking-Liberty-Half-Dollar-CACG-Proof-68-Toned
5. On March 17, GreatCollections sold a CACG graded MS-66 1925 Peace silver dollar for $660. On March 10, GreatCollections sold two PCGS graded MS-66 1925 Peace dollars, neither of which had a CAC sticker, for $442.19 and $425.70, respectively. Also on March 10, GreatCollections sold an NGC graded MS-66 1925 Peace dollar, without a CAC sticker, for $492.80.
https://www.greatcollections.com/Coin/1537560/1925-Peace-Silver-Dollar-CACG-MS-66
6. On March 24, GreatCollections sold a CACG graded Fine-12 1903-S Morgan dollar for $187. On Sept. 10, GreatCollections sold a PCGS graded Fine-12 1903-S Morgan dollar, without a CAC sticker, for $116.72. On Aug. 11, Stack’s Bowers sold a different PCGS graded Fine-12 1903-S Morgan dollar, without a CAC sticker, for $144.
https://www.greatcollections.com/Coin/1550132/1903-S-Morgan-Silver-Dollar-CACG-F-12
7. On March 24, GreatCollections sold a CACG graded MS-66 1926 Oregon memorial half dollar for $409.20. On April 24, 2023, Heritage sold a PCGS graded MS-66+ (plus!) 1926 Oregon, without a CAC sticker, for $312. From April 2023 to March 2024, the values of these may have increased by 10%. A CACG graded MS-66 coin brought 31% more than a PCGS graded MS-66+ 1926 Oregon half dollar.
https://www.greatcollections.com/Coin/1552269/1926-Oregon-Trail-Memorial-Half-Dollar-CACG-MS-66
8. On March 26, Stack’s Bowers auctioned a CAC approved XF-45 grade 1872-CC silver dollar for $31,200. On June 13, Stack’s Bowers auctioned a PCGS graded AU-50 1872-CC dollar, without a CAC sticker, for $13,800. Market levels for these were about 10% higher in March 2024 than they were in June 2023, which could not account for much of the difference between $31,200 for a PCGS graded XF-45 1872, with a CAC sticker, and $13,800 for a PCGS graded AU-50 1872-CC, without a sticker.
9. On March 26, Stack’s Bowers auctioned a CAC approved MS-64 grade 1811 ‘Tall 5’ $5 gold coin for $52,800. On Jan. 11, Heritage auctioned a PCGS graded MS-64 1811 ‘Tall 5’ $5 gold coin, without a CAC sticker, for $33,600. Both coins were struck from the same pair of dies.
10. On March 26, Stack’s Bowers auctioned a CAC approved MS-61 grade 1800 $10 gold coin for $52,800. This same coin in the same holder was auctioned in February 2023 for $50,400. On March 20, 2023, a PCGS graded MS-62 1800 $10 gold coin, without a CAC sticker, realized $44,400. A CAC approved MS-61 grade coin thus brought substantially more than a non-CAC PCGS graded MS-62 grade coin that was struck from the same pair of dies (BD-1).
11. On March 27, Stack’s Bowers auctioned a CACG certified MS-64FB 1921-D dime for $5520. These are not auctioned very often. On Nov. 17, 2023, Heritage sold a PCGS certified MS-64FB dime, without a CAC sticker, for $4080. Both coins had a ‘Full Bands’ designation, which relates to details on the central reverse (back of the coin).
https://auctions.stacksbowers.com/lots/view/3-18CY1H/1921-d-mercury-dime-ms-64-fb-cacg-cmq
12. On March 27, Stack’s Bowers auctioned a CAC approved AU-55 grade 1873-CC $20 gold coin for $40,800. On August 9, Stack’s Bowers auctioned a PCGS graded AU-55+ 1873-CC $20 coin, without a CAC sticker for $28,800. Market levels for these were 2% to 6% higher in March 2024 than they were in August 2023. Both coins came from the Fairmont hoard.
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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.
