CAC Coins Bring Premiums in May 2020
Certified Acceptance Corporation's monthly report on recent rare coin auction records where CAC-approved coins perform especially well in auctions.
This 1942/1 dime graded PCGS AU58 with CAC approval sold for $1518 at GreatCollections on May 3.
CAC approved coins outperformed other certified coins in various public Internet sales during the month of May. Here are ten examples, which were selected from many results that could have been listed.
1. On May 3, the firm called GreatCollections sold a CAC approved MS-65 grade 1915 Barber dime for $832.50. A non-CAC, certified MS-65 1915 dime has not sold for nearly as much in a very long time. On November 6, 2019, Heritage sold a PCGS graded MS-65 1915 dime without a CAC sticker for $312. On February 6, 2019, Heritage sold a different PCGS graded MS-65 1915 dime without a CAC sticker for $264. In August 2018, Stack’s-Bowers auctioned a PCGS graded MS-65+ (sixty-five-plus) 1915 dime without a CAC sticker for $552.
https://www.greatcollections.com/Coin/826190/1915-Barber-Dime-PCGS-MS-65-CAC-Toned
2. On May 3, GreatCollections sold a CAC approved, AU-58 grade 1942/1 overdate Mercury dime for $1518.75. On November 6, 2019, when market levels were higher, Stack’s-Bowers sold a PCGS graded AU-58 1942/1 Mercury dime without a CAC sticker for $1200.
https://www.greatcollections.com/Coin/827458/19421-Mercury-Dime-PCGS-AU-58-CAC-Toned
3. On May 6, Heritage sold a CAC approved MS-64 grade 1853 $2.5 gold coin for $1800. These do not trade often. On December 7, 2019, Heritage sold a PCGS graded MS-64 1853 $2.5 gold coin without a CAC sticker for $1065.60.
4. On May 10, GreatCollections sold a CAC approved, NGC graded MS-66 1938-S quarter for $1038.38. On March 22, the firm of David Lawrence sold a PCGS graded MS-66 1938-S quarter without a CAC sticker for $255. On November 6, 2019, Heritage sold a PCGS graded MS-66 1938-S quarter without a CAC sticker for $168.
5. On May 10, GreatCollections sold a CAC approved, NGC graded MS-66 1947-S quarter for $402.75. A week earlier, on May 3, Great Collections sold two non-CAC, PCGS graded MS-66 1947-S quarters for $64.12 and $54.54, respectively. On January 5, 2020, DLRC sold a PCGS graded MS-66 1947-S quarter without a CAC sticker for $46.
https://www.greatcollections.com/Coin/831377/1947-S-Washington-Quarter-NGC-MS-66-CAC-OH-Toned
6. On May 20, Stack’s-Bowers sold a CAC approved AU-55 grade 1834 quarter for $750. This coin is not of a rare die pairing. On February 19, Heritage sold a PCGS graded AU-55 1834 quarter without a CAC sticker for $625.20.
7. On May 20, Heritage sold a CAC approved AU-53 grade 1818 half dollar for $720. This coin is not of a rare die pairing. On January 8, 2020,. Heritage sold a PCGS graded AU-53 1818 half dollar without a CAC sticker for $552.
8. On May 20, Heritage sold a CAC approved, MS-64 grade 1927-D Peace silver dollar for $870. On March 25, Stack’s-Bowers sold a PCGS graded MS-64 1927-D Peace dollar, without a CAC sticker for $660. On February 26, Heritage sold a different PCGS graded MS-64 1927-D Peace dollars, without a CAC sticker for $630.
9. On May 20, Stack’s-Bowers sold a CAC approved MS-65 grade 1901-S $10 gold coin for $3240. On April 15, Stack’s-Bowers sold a PCGS graded MS-65 1901-S $10 gold coin without a CAC sticker for $2040, less than two-thirds as much.
https://auctions.stacksbowers.com/lots/view/3-N1TLH/1901-s-liberty-head-eagle-ms-65-pcgs-cac
10. On May 24, GreatCollections sold a CAC approved, NGC graded MS-64 1925 quarter with a ‘Full Head’ (FH) designation for $523.12. On October 2, 2019, Heritage sold a PCGS certified MS-64FH 1925 quarter without a CAC sticker for $360.
https://www.greatcollections.com/Coin/828289/1925-Standing-Liberty-Quarter-NGC-MS-64-FH-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.
