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Certified Coin Marketplace – CAC-Approved Coins Bring Premiums in April 2022

In addition to faring well in internet sales during the month of April, CAC-approved coins outperformed other certified coins on average in live auctions in Costa Mesa, California, and Schaumburg, Illinois. Here are 10 examples, selected from a larger number of results that could have been listed.

1. 1921 Peace Dollar in MS-66

On April 5, in consecutive lots, Stack’s Bowers auctioned two PCGS-graded MS-66 1921 Peace dollars. The CAC-approved coin realized $24,000 USD and the coin without a CAC sticker realized $9,600.

2. 1897 Quarter Eagle $2.50 Gold Coin in MS-65

On April 5, Stack’s Bowers auctioned a CAC-approved, NGC-graded MS-65 1897 $2.5 gold coin for $1,680. On February 2, Heritage sold a PCGS-graded MS-65 1897 $2.5 coin without a CAC sticker for $1,170.

3. 1846-C Half Eagle $5 Gold Coin in XF-45

On April 6, Stack’s Bowers auctioned a CAC-approved XF-45 grade 1846 Charlotte Mint $5 gold coin for $12,000. Less than a month earlier, on March 13, David Lawrence Rare Coins sold a PCGS-graded XF-45 1846-C $5 gold coin without a CAC sticker for $6,050.

4. 1847 Half Eagle in MS-62

On April 6, Stack’s Bowers auctioned a CAC-approved MS-62 grade 1847 $5 gold coin for $4,320. On October 20, 2021, Heritage sold a PCGS-graded MS-62 1847 $5 gold coin without a CAC sticker for $2,520. Although market levels for these increased between October 2021 and April 2022, this increase would only account for a small portion of the difference between $4,320 and $2,520.

5. 1883-CC Morgan Dollar in MS-66 DMPL

On April 10, GreatCollections sold a CAC-approved, PCGS-certified MS-66 1883-CC Morgan silver dollar with a ‘Deep Mirror Proof like’ (DMPL) designation for $11,001.10. Just seconds later, GreatCollections sold a PCGS-certified MS-66-DMPL 1883-CC Morgan dollar without a CAC sticker for $6,493.50.

6. 1925-D Buffalo Nickel in MS-65

On April 24, GreatCollections sold a PCGS-graded MS-65+ 1925-D Buffalo nickel, CAC-approved at the MS-65 level, for $7,706.60. On January 23, GreatCollections sold a PCGS-graded MS-65+ 1925-D Buffalo nickel without a CAC sticker for $3,993.75

7. 1922-S Peace Dollar in MS-65+

On April 24, GreatCollections sold a PCGS-graded MS-65+ 1922-S Peace dollar, CAC-approved at the MS-65 level, for $8,311.11. On March 13, GreatCollections sold a PCGS-graded MS-65+ 1922-S Peace dollar without a CAC sticker for $4,162.50.

8. 1817 Half Dollar in AU-50

Image: PCGS.

On April 27, a CAC-approved AU-50 1817 half dollar sold on eBay for $1,081. On December 20, 2021, Heritage sold three PCGS-graded AU-50 1817 half dollars–none of which had a CAC sticker–for $840, $870, and $900, respectively.

9. 1878 Nickel in PF-65

On April 28, Legend auctioned a CAC-approved, NGC-certified Proof-65 (sixty-five) 1878 nickel for $1,351.25. On March 21, Heritage sold a PCGS-certified Proof-66 (sixty-six) 1878 nickel without a CAC sticker for $1,320. An NGC-certified 65-grade coin with a CAC sticker brought more than a PCGS-certified 66-grade 1878 nickel that was not CAC approved.

10. 1837 No Stars, Large Date Dime in MS-66

On April 28, Legend auctioned a CAC-approved, MS-66 grade 1837 ‘No Stars, Large Date’ dime for $15,275. On August 18, 2021, Heritage auctioned a PCGS-graded MS-66+ 1837 ‘No Stars, Large Date’ dime without a CAC sticker, for $13,200. Note that a PCGS-graded MS-66 coin with a CAC sticker brought more than a PCGS-graded MS-66+ (sixty-six-plus) 1837 ‘No Stars, Large Date’ dime without a CAC sticker.

* * *

Our backlog is preventing us from delivering on our goal of a one-week turnaround, so WE WILL BE SUSPENDING OUR NORMAL TIER ($16) FOR THE MONTH OF JUNE. Submissions postmarked for May 31 and after will not be accepted on the regular tier. We apologize for the inconvenience this may cause. We are doing our best to keep up with demand but are falling short of completing our service goal.

During this time, our re-sticker ($5), high value $10,000 – $25,000 ($35) and rarities over $25,000 ($75) tiers will remain open.

CAC members using our portal and wish to submit coins under $10,000 should follow these instructions:

When generating a submission form with the online portal, check the $16 regular tier option and use the proper declared value. Once you save and print the submission copies, cross out the $16 tier option manually and specify the higher tier of $35.

We appreciate your continued support,

CAC Team

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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