CAC Coins Bring Premiums in October
CAC coins continue to out-pace similar items at auction without CAC approval.
During the month of October, CAC approved coins fared well in live auctions in Dallas County, Texas and Monmouth County, New Jersey, in addition to performing in many Internet sales. Here are twelve examples, which were selected from a large number of results that could have been listed.
Examples of CAC-approved coins that sold for premiums in October
1. On Oct. 2, GreatCollections sold a CAC approved Fine-15 grade 1840-O ‘With Drapery’ half dime for $808.50. On July 26, Heritage sold a PCGS graded Fine-15 1840-O ‘With Drapery’ half dime without a CAC sticker for $456.
https://www.greatcollections.com/Coin/1182916/1840-O-Seated-Liberty-Half-Dime-Drapery-PCGS-F-15-CAC
2. On Oct. 7, Heritage auctioned a CAC approved MS-66 grade 1900-S dime for $4560. On June 18, 2021, Heritage auctioned a PCGS graded MS-66 1900-S dime without a CAC sticker for $2640. Market levels for these were about the same in October 2022 as they were in June 2021.
https://coins.ha.com/itm/barber-dimes/dimes/1900-s-10c-ms66-pcgs-cac-pcgs-4823-/a/1349-3602.s
3. On Oct. 7, Heritage sold a CAC approved MS-65 grade 1923-S quarter for $5280. On July 14, 2021, Heritage sold a PCGS graded MS-65 + 1923-S quarter without a CAC sticker for $3360. Market levels for MS-65 grade 1923-S quarters were around 17.5% higher in October 2022 than market levels were in July 2021, not enough to account for the difference between the $5280 price realized for the CAC approved MS-65 coin and the $3360 result for a non-CAC PCGS graded MS-65+ 1923-S quarter.
4. On Oct. 9, GreatCollections sold a CAC approved MS-65 grade 1875 half dollar for $3472.70. On Aug. 25, Stack’s Bowers auctioned a PCGS graded MS-65 1875 half dollar without a CAC sticker for $2520.
https://www.greatcollections.com/Coin/1244460/1875-Seated-Liberty-Half-Dollar-PCGS-MS-65-CAC-Toned
5. On Oct. 16, the firm called GreatCollections sold a CAC approved Proof-65 certified 1857 Flying Eagle cent for $34,101.10. On Aug. 24, Heritage auctioned a PCGS certified Proof-65 1857 Flying Eagle cent without a CAC sticker for $22,800.
6. On Oct. 16, GreatCollections sold a CAC approved Proof-65 certified 1857 quarter for $10,997.80. On June 4, 2020, Heritage sold a PCGS certified Proof-65 1857 quarter without a CAC sticker for $6000. Market levels for these in October 2022 are not higher than they were in June 2020.
7. On Oct. 18, Heritage sold a CAC approved Proof-66 1886 Liberty Head nickel for $1320. On Aug. 24, 2021, Stack’s Bowers auctioned a PCGS certified Proof-66 1886 nickel without a CAC sticker for $900. The market values of Proof 1886 nickels were very similar in October 2022 to the market values in August 2021.
8. On Oct. 18, Heritage sold a CAC approved MS-62 grade 1875-S Twenty Cent piece for $2280. On Sept. 20, Heritage sold a PCGS graded MS-62 1875-S Twenty Cent piece without a CAC sticker for $1020, less than half as much.
9. On Oct. 20, Legend auctioned a CAC approved MS-66 grade 1863 Three Cent Silver for $5757.50. On July 15, Heritage auctioned a PCGS graded MS-66 1863 Three Cent Silver without a CAC sticker for $3960.
https://legendauctions.hibid.com/lot/133361491/3cs-1863-pcgs-ms66--cac?ipp=10
10. On Oct. 20, Legend auctioned a CAC approved MS-66 grade 1914-D Buffalo nickel for $3172.50. On Aug. 28, Heritage auctioned a PCGS graded MS-66 1914-D Buffalo nickel without a CAC sticker for $1980.
https://legendauctions.hibid.com/lot/133361499/5c-1914-d-pcgs-ms66--cac?ipp=10
11. On Oct. 20, Legend auctioned a CAC approved AU-53 (fifty-three) grade 1806 Pointed 6, No Stem half dollar for $4230. On May 4, Heritage auctioned a PCGS graded AU-55 (fifty-five) 1806 Pointed 6 No Stem half dollar without a CAC sticker for $3840. At least two leading price guides estimate that an AU-55 grade coin is worth 40% more than an AU-53 grade 1806 Pointed 6, No Stem half dollar, yet a CAC approved AU-53 grade coin brought significantly more at auction than a non-CAC PCGS graded AU-5 5 grade 1806 Pointed Six, No Stem half dollar.
https://legendauctions.hibid.com/lot/133361507/50c-1806-pointed-6--no-stem-pcgs-au53--cac?ipp=10
12. On Oct. 20, Legend auctioned a CAC approved MS-66 grade 1934 Walking Liberty half dollar for $734.38. On Aug. 30, Heritage sold a PCGS graded MS-66 1934 Walker without a CAC sticker for $504. On July 20, Heritage sold a different PCGS graded MS-66 1934 Walker without a CAC sticker for that same price $504.
https://legendauctions.hibid.com/lot/133361524/50c-1934-pcgs-ms66--cac?ipp=10
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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.
