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CAC Coins Bring Premiums in Auctions in June 2018

by Certified Acceptance Corporation….

CAC coins continue to tend to realize higher prices at auction than their non-CAC counterparts.

Here are ten examples among many that could be listed:

1. 1892-O Barber Quarter

1892-O Barber quarter MS64 CAC
1892-O Barber quarter MS64 CAC

On June 11, the Goldbergs auctioned a PCGS graded MS-64 1892-O quarter, with a CAC sticker, for $780.

Non-CAC Comparables

Earlier in 2018, Heritage has publicly sold four PCGS graded MS-64 1892-O quarters, without CAC approval.

The two sold on May 9 realized $480 and $408, respectively.

These same two coins each sold for $424.80 in February.

In December 2017, Bonham’s auctioned a MS-64 1892-O quarter in an early PCGS holder for $585.

2. 1907 $10 ‘No Motto’ Gold

Five PCGS graded AU-58 ‘No Motto’ 1907 $10 gold coins were auctioned in June. The only one that was CAC approved was sold on June 11 in a Goldbergs sale for $1080. Six days later, Heritage sold two AU-58 1907 No Motto tens without CAC stickers, in consecutive lots, for $810 and $780, respectively.

On June 26, Stack’s-Bowers sold two PCGS graded AU-58 ‘No Motto’ 1907 $10 gold coins in consecutive lots, each for the same price, $720.

In Mint State, a CAC-approved MS-64 coin of this date and variety brought at least one-third more than any of the others sold in June.

3. 1836 Classic Head $5 Gold

1836 $5 Gold Coin CAC MS64
1836 $5 Gold Coin CAC MS64

At the June Long Beach Expo, a CAC-approved MS-64 1836 Classic Head $5 gold coin realized $25,201.20 at a Heritage Auction.

In April, a PCGS graded “MS-64+” coin, also of the “Second Head, Large Date” variety, though without a CAC sticker, realized $23,400.

In August 2016, Heritage sold another PCGS graded MS-64+ “Second Head, Large Date” 1836 $5 gold coin, without a CAC sticker, for $21,150.

Also in August 2016, at the same convention in Anaheim, a different auction firm sold a PCGS graded MS-64 “Second Head, Large Date” 1836 $5 gold coin, without a CAC sticker, for $16,450.

The CAC-approved MS-64 coin brought significantly more than each of the non-CAC, “MS-64” or even “64+” 1836 half eagles of the same variety.

4. 1911 $10 Gold

1911-S $10 Gold MS66 CAC
1911-S $10 Gold MS66 CAC

On June 14, Heritage auctioned  a CAC-approved MS-66-graded 1911-S $10 gold coin for $66,000. This is more than double the $32,900 Heritage realized in August 2016 for a PCGS-graded MS66 without a CAC sticker.

Two years ago, In August 2016, the same auction firm sold a PCGS graded MS-66 1911-S, without a CAC sticker, for $32,900, less than half as much!

5.1923-S Lincoln Cent

Heritage auctioned off a CAC-approved MS-65 1923-S cent with a ‘Red’ color designation for $66,000 on June 14.

On March 22, a PCGS-graded MS-65 Red 1923-S, without a CAC sticker, brought $28,800 in a Stack’s Bowers auction as part of a famous collection of Lincoln Cents.

6. 1875-CC Twenty-Cent Piece

A CAC-approved MS-65 1875-CC twenty-cent piece brought $19,200 on June 14. In January 2018, a different CAC-approved MS-65 1875-CC twenty-cent piece was auctioned for $17,037.50.

The exact coin that sold for $17,037.50 in January, in the same PCGS holder (but without a CAC sticker), realized $8,812.50 in June 2017. A price in line with what another PCGS graded MS-65 1875-CC, also without a CAC sticker, brought in March 2016 at a Heritage auction.

7. 1858 ‘Large Letters’ Flying Eagle Cent

1858 Flying Eagle Cent MS66 CAC
1858 Flying Eagle Cent MS66 CAC

On June 14, a NGC-graded MS-66 1858 ‘Large Letters’ Flying Eagle cent, with a CAC sticker, realized $9,001.20. In January 2018, the same auction firm sold a PCGS-graded MS-66 1858 ‘Large Letters’ Flying Eagle cent, without a CAC sticker, for $6,600.

In March 2017, Stack’s-Bowers auctioned a NGC graded MS-66 1858 ‘Large Letters’ Flying Eagle cent, without a CAC sticker, for $6,462.50. In February 2017,  Heritage sold a PCGS graded MS-66 1858 ‘Large Letters’ Flying Eagle cent, without a CAC sticker, for $7,050.

Clearly, the CAC-approved NGC-graded coin brought substantially more than three different non-CAC coins did over the past 18 months.

 

8. 1883 Hawaii Dollar

8. On June 14, a CAC approved MS-63, 1883 Hawaii silver dollar brought $7,800. Seconds earlier, a PCGS graded MS-63 1883 Hawaii silver dollar, without a CAC sticker, realized $4,860!

 

9. 1872-CC $20 Gold Coin

9. On June 21, Stack’s-Bowers auctioned a CAC approved AU-55 1872-CC $20 gold coin for $33,600. In March 2017, Stack’s-Bowers auctioned a PCGS AU-55 1872-CC $20 gold coin, without a CAC sticker, for $18,800. In February 2016, Heritage auctioned a different PCGS AU-55 1872-CC $20 gold coin, without a CAC sticker, for the same price, $18,800.

 

1801 Half Dime AU58 CAC10. 1801 Half Dime

On June 21, Stack’s-Bowers auctioned a CAC-approved AU-58 1801 half dime for $18,600. In August 2017, Heritage auctioned a non-CAC, PCGS-graded AU-58 half dime that was struck from the same pair of dies for $13,512.50.

 

CAC
CAChttps://www.cacgrading.com/
CAC was founded by leading members of the numismatic community, including John Albanese, a respected authority on coin grading and the rare coin market. The CAC GREEN Label signifies that a coin has met Certified Acceptance Corporation's stringent grading standards. Coins are accepted through CAC Submission Centers. These are knowledgeable dealers who will assist you with your submission and the associated guidelines.

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