CAC Coins Bring Premiums in September
CAC coins continue to out-pace similar items at auction without CAC approval.
During the month of September, CAC approved coins fared well in live auctions in San Diego and Long Beach, California, in addition to performing in many Internet sales. Here are a dozen examples, which were selected from a large number of results that could have been listed.
1. On Sept. 4, the firm called GreatCollections sold a CAC approved MS-67 grade 1904-O Morgan silver dollar for $11,000. On July 24, GreatCollections sold a PCGS graded MS-67 1904-O Morgan silver dollar without a CAC sticker for $3377.25. On May 8, GreatCollections sold a different PCGS graded MS-67 1904-O Morgan silver dollar, also without a CAC sticker for $2651.24.
2. On Sept. 8, Legend auctioned a CAC approved, PCGS certified MS-67RD 1919 Lincoln cent for $1821.25. On May 9, Heritage auctioned a PCGS certified MS-67RD 1919 Lincoln cent without a CAC sticker for $1116. Both coins were designated as having full original mint red (‘RD’) by PCGS.
https://legendauctions.hibid.com/lot/129379865/1c-1919-pcgs-ms67-rd-cac
3. On Sept 8, Legend auctioned a CAC approved MS-65 grade 1856 Three Cent Silver for $4112.50. On April 28, 2022, Legend auctioned a PCGS graded MS-65 1856 Three Cent Silver without a CAC sticker for $1351.25, less than one-third as much.
https://legendauctions.hibid.com/lot/129379875/3cs-1856-pcgs-ms65-cac
4. On Sept. 8, Legend auctioned a CAC approved MS-66 grade 1918-D Buffalo nickel for $7343.75. On Jan. 27, 2022, Legend auctioned a PCGS graded MS-66 1918-D Buffalo nickel without a CAC sticker for $5875.
https://legendauctions.hibid.com/lot/129379891/5c-1918-d-pcgs-ms66-cac
5. On Sept 8, Legend auctioned a CAC approved Proof-67 1902 dime for $5405. On Feb. 25, 2021, Legend auctioned a PCGS certified Proof-67 1902 dime without a CAC sticker for $2467.50, less than half as much. Market levels for these were not much different in September 2022 than they were in February 2021.
https://legendauctions.hibid.com/lot/129379913/10c-1902-pcgs-pr67-cac?ipp=10
6. On Sept. 13, Stack’s Bowers sold a CAC approved MS-64 grade 1928-D Standing Liberty quarter for $456. On April 12, Stack’s Bowers sold two PCGS graded MS-64 1928-D quarters, neither of which had a CAC sticker. They each brought $312.
https://auctions.stacksbowers.com/lots/view/3-YL5R9/1928-d-standing-liberty-quarter-ms-64-pcgs-cac-ogh-first-generation
7. On Sept. 13, Stack’s Bowers sold a CAC approved AU-58 grade 1854 Type 2 One Dollar Gold piece for $1020. On Sept. 6, Heritage sold a PCGS graded AU-58 1854 Type 2 One Dollar Gold piece without a CAC sticker for $780.
https://auctions.stacksbowers.com/lots/view/3-YLIF3/1854-gold-dollar-type-ii-au-58-pcgs-cac
8. On Sept. 18, GreatCollections sold a CAC approved MS-65 grade 1927-S Peace silver dollar for $9185. On July 15, Heritage auctioned a PCGS graded MS-65 1927-S Peace dollar without a CAC sticker for $3480.
9. On Sept. 25, GreatCollections sold a CAC approved MS-68 grade 1925 California commemorative half dollar for $29,700. A week earlier, on Sept. 18, GreatCollections sold a PCGS graded MS-68 1925 California commemorative half dollar without a CAC sticker for $10,536.75.
10. On Sept. 25, GreatCollections sold a CAC approved MS-65 grade Lewis & Clark commemorative One Dollar Gold piece for $8644.90. On Aug. 14, GreatCollections sold a PCGS graded MS-65 Lewis & Clark commemorative One Dollar Gold piece without a CAC sticker for $3719.25. On April 28, Legend auctioned a PCGS graded MS-65 Lewis & Clark commemorative One Dollar Gold piece, without a CAC sticker for $3642.50.
11. On Sept. 29, Heritage auctioned a CAC approved MS-64 grade 1813 $5 gold coin for $69,000. On March 25, 2021, well after the boom in rare date gold coins had begun, Stack’s Bowers auctioned a PCGS graded MS-64+ 1813 $5 gold coin without a CAC sticker for $42,000.
https://coins.ha.com/itm/early-half-eagles/half-eagles/1813-5-bd-2-r4-ms64-pcgs-cac/a/1353-11049.s
12. On Sept. 29, Heritage auctioned a CAC approved Proof-62 Gilt 1872 Amazonian $5 gold pattern for $57,600. On Nov. 19, 2020, Heritage auctioned a PCGS certified Proof-62 Gilt 1872 Amazonian $5 gold pattern without a CAC sticker for $21,600. Yes, the values of these have increased since November 2020. Whatever the increase in market value for the non-CAC 1872 Amazonian $5 pattern since November 2020 is reasonably estimated to be, an adjustment could not account for most of the difference between $57,600 and $21,600.
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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.
