CAC Coins Bring Premiums in November
During the month of November, CAC approved coins fared well in a live auction in Costa Mesa, California and in many Internet sales. Here are ten examples, which were selected from a large number of results that could have been listed.
1. On Nov. 1, Heritage sold a CAC approved NGC graded AU-58 1915-D Buffalo nickel for $264. On Aug. 29, Stack’s Bowers sold a PCGS graded AU-58 1915-D nickel without a CAC sticker for $192.
2. On Nov. 2, Stack’s Bowers auctioned a CAC approved Proof-67 1888 Liberty Head nickel for $6600. On May 14, 2020, Legend auctioned a PCGS certified Proof-67 1888 nickel without a CAC sticker for $1586.25. Market levels for Proof-67 1888 nickels were at most, 10% higher in November 2022 than they were in May 2020.
https://auctions.stacksbowers.com/lots/view/3-Z8PFX/1888-liberty-head-nickel-proof-67-pcgs-cac-ogh
10 CAC-approved PCGS and NGC coins that out-performed the rare coin auction market in November 2022
3. On Nov. 3, Stack’s Bowers auctioned a CAC approved MS-64 grade 1875-CC Twenty Cent piece for $10,200. In July, Heritage sold two PCGS graded MS-64 1875-CC Twenty Cent pieces, neither of which had a CAC sticker for $5520 and $4440, respectively.
4. On Nov. 3, Stack’s Bowers auctioned a CAC approved, PCGS certified Proof-63-Cameo 1876 Trade dollar for $4560. On Oct. 7, Heritage sold a PCGS certified Proof-63-Cameo 1876 Trade dollar without a CAC sticker for $2760.
https://auctions.stacksbowers.com/lots/view/3-Z8UGA/1876-trade-dollar-proof-63-cameo-pcgs-cac
5. On Nov. 4, Stack’s Bowers auctioned a CAC approved MS-67 grade 1918 Lincoln commemorative half dollar for $4800. On Aug. 1, Heritage sold a PCGS graded MS-67 1918 Lincoln commemorative half dollar without a CAC sticker for $1500, less than one-third as much.
https://auctions.stacksbowers.com/lots/view/3-Z8UMZ/1918-lincoln-illinois-centennial-ms-67-pcgs-cac
6. On Nov. 15, Heritage sold a CAC approved AU-58 grade 1843-O half dollar for $3360. On May 16, Heritage sold a PCGS graded AU-58 1843-O half without a CAC sticker for $930.
7. On Nov. 20, the firm called GreatCollections sold a CAC approved MS-64 grade 1859 Indian cent for $1815. On Aug. 30, Heritage sold a PCGS graded MS-64 1859 Indian cent without a CAC sticker for $1320.
https://www.greatcollections.com/Coin/1259726/1859-Indian-Cent-PCGS-MS-64-CAC
8. On Nov. 20, GreatCollections sold a CAC approved MS-66 grade 1863 Indian cent for $2712.60. On Oct. 19, Heritage sold a PCGS graded MS-66 1863 Indian cent without a CAC sticker for $1980.
https://www.greatcollections.com/Coin/1264769/1863-Indian-Cent-PCGS-MS-66-CAC
9. On Nov. 20, GreatCollections sold a CAC approved MS-67 grade 1936 Buffalo nickel for $1115.40. On April 12, Stack’s Bowers sold a PCGS graded MS-67 1936 nickel without a CAC sticker from the D. L. Hansen Collection for $504.
https://www.greatcollections.com/Coin/1259762/1936-Buffalo-Nickel-PCGS-MS-67-CAC
10. On Nov. 20, GreatCollections sold a CAC approved VF-35 grade 1831 dime for $227.92. On Dec. 14, 2021, Heritage sold a PCGS graded VF-35 1831 dime without a CAC sticker for $180. Market levels for VF grade 1831 dimes did not rise by much from December 2021 to November 2022.
https://www.greatcollections.com/Coin/1250811/1831-Capped-Bust-Dime-PCGS-VF-35-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.
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