CAC Coins Bring Premiums in November 2020
In addition to performing well in public Internet sales, CAC approved coins outperformed other certified coins in live auctions in Newport Beach (CA), Dallas (TX) and Saint Charles (MO), during the month of November.
Bedminster, NJ -- In addition to performing well in public Internet sales, CAC approved coins outperformed other certified coins in live auctions in Newport Beach (CA), Dallas (TX) and Saint Charles (MO), during the month of November. Here are a dozen examples, which were selected from a large number of results that could have been listed.
1. On November 6, Scotsman of St. Louis auctioned a CAC approved MS-66 1930 quarter, with a ‘Full Head’ (FH) designation, for $1652. On June 9, 2020, Heritage sold a PCGS certified MS-66FH 1930 quarter without a CAC sticker for $630. https://www.scoins.com/lot.aspx?a=22&l=776
2. On November 6, Scotsman of St. Louis auctioned a CAC approved MS-66 grade 1882 Morgan silver dollar for $1357. On October 21, 2020, Heritage sold a PCGS graded MS-66 1882 dollar, without a CAC sticker for $870. On August 2, 2020, the firm of David Lawrence sold a different PCGS graded MS-66 1882 Morgan without a CAC sticker for $1000. https://www.scoins.com/lot.aspx?a=22&l=573
3. On November 12, Stack’s-Bowers auctioned a CAC approved MS-67 grade 1921 Buffalo nickel for $10,200. On May 17, the firm of David Lawrence sold a PCGS graded MS-67 1921 Buffalo nickel without a CAC sticker for $3100. In April, Heritage sold an NGC graded MS-67+ 1921 nickel which was CAC approved at the MS-67 level for $3840. In March, Stack’s-Bowers auctioned a different PCGS graded MS-67 1921 Buffalo nickel without a CAC sticker, for $2400. In February 2020, Heritage sold another PCGS graded MS-67 1921 nickel, without a CAC sticker, also for $2400. While the prices realized for CAC approved MS-67 1921 nickels tend to vary, they were all well above corresponding prices realized for non-CAC certified MS-67 1921 nickels. https://auctions.stacksbowers.com/lots/view/3-LZ032/1921-buffalo-nickel-ms-67-pcgs
4. On November 12, Stack’s-Bowers auctioned a CAC approved NGC graded MS-66 1921-D Mercury dime with a ‘Full Bands’ (FB) designation for $12,000. On December 12, 2019, Legend auctioned a PCGS certified MS-66 FB 1921-D dime without a CAC sticker for $7931.25. https://auctions.stacksbowers.com/lots/view/3-OPQ2V/1921-d-mercury-dime-ms-66-ngc-cac-oh
5. On November 12, Stack’s-Bowers auctioned a CAC approved MS-66 grade 1919-S Walking Liberty half dollar for $66,000. On January 10, 2019, when market levels were higher, Heritage auctioned a PCGS graded MS-66 1919-S half dollar without a CAC sticker for $26,400. https://auctions.stacksbowers.com/lots/view/3-OPPCE/1919-s-walking-liberty-half-dollar-ms-66-pcgs-cac-ogh
6. On November 12, Stack’s-Bowers auctioned a CAC approved MS-66 grade 1934-S Peace silver dollar for $42,000. On August 6, 2020, Stack’s-Bowers auctioned a PCGS graded MS-66 1934-S without a CAC sticker for $24,000. https://auctions.stacksbowers.com/lots/view/3-OPQF6/1934-s-peace-silver-dollar-ms-66-pcgs-cac
7. On November 15, the firm called GreatCollections sold a CAC approved MS-65 1892 dime for $462.38. On October 20, Heritage sold a PCGS graded MS-65 1892 dime without a CAC sticker for $252. https://www.greatcollections.com/Coin/906098/1892-Barber-Dime-PCGS-MS-65-CAC
8. On November 15, GreatCollections sold a CAC approved MS-66 grade 1929 Standing Liberty quarter with a ‘Full Head’ (FH) designation for $1722.38. On July 5, 2020, GreatCollections sold a PCGS certified MS-66 FH 1929 Standing Liberty quarter without a CAC sticker for $790.54, less than half as much. On November 26, 2019, Heritage sold a different PCGS certified MS-66FH 1929 Standing Liberty quarter without a CAC sticker for $720. https://www.greatcollections.com/Coin/907581/1929-Standing-Liberty-Quarter-PCGS-MS-66-FH-CAC
9. On November 19, Heritage auctioned a CAC approved Proof-66 1861 quarter for $12,000. On June 18, Stack’s-Bowers auctioned a PCGS certified Proof-66 1861 quarter without a CAC sticker for $3600, less than one-third as much. https://coins.ha.com/itm/seated-quarters/quarters-and-twenty-cents/1861-25c-pr66-pcgs-cac-briggs-7-e-pcgs-5557-/a/1321-3038.s
10. On November 20, Heritage auctioned a CAC approved MS-67 grade 1925 Peace silver dollar with a CAC sticker for $6000. In September, Heritage auctioned a PCGS graded MS-67 1925 Peace silver dollar without a CAC sticker for $3360. Earlier in 2020, Heritage has sold at least five PCGS graded MS-67 1925 silver dollars without CAC approval for prices ranging from $1620 to $3960. During August 2020, Stack’s-Bowers auctioned a CAC approved MS-67 1925 Peace dollar for $8400 and Heritage auctioned a CAC approved MS-67 1925 Peace Dollar for $5160. So far in 2020, CAC approved MS-67 grade 1925 dollars have tended to realize from $5000 to $8400 while non-CAC PCGS graded MS-67 1925 dollars have sold for amounts between $1500 and $4000. https://coins.ha.com/itm/peace-dollars/silver-and-related-dollars/1925-1-ms67-pcgs-cac-pcgs-7365-/a/1321-3680.s
11. On November 20, Heritage auctioned a CAC approved MS-64 grade 1905-S $20 gold coin for $10,800. On August 3, Heritage auctioned a PCGS graded MS-64 1905-S $20 gold coin without a CAC sticker for $3840. https://coins.ha.com/itm/liberty-double-eagles/double-eagles/1905-s-20-ms64-pcgs-cac-pcgs-9048-/a/1321-3774.s
12. On November 22, GreatCollections sold a CAC approved MS-65 1935-D dime with a ‘Full Bands’ (FB) designation, for $343.12. On September 15, Heritage sold a PCGS certified MS-65FB 1935-D dime without a CAC sticker for $288. https://coins.ha.com/itm/mercury-dimes/dimes/1935-d-10c-ms65-full-bands-pcgs-pcgs-population-265-180-ngc-census-72-41-cdn-310-whsle-bid-for-ngc-pcgs-ms65-m/a/132038-25209.s?ic4=ListView-ShortDescription-07151
https://www.greatcollections.com/Coin/908396/1935-D-Mercury-Dime-PCGS-MS-65-FB-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.
