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HomeAuctionsCertified Coin Marketplace - CAC-Approved Coins Bring Premiums in December 2020

Certified Coin Marketplace – CAC-Approved Coins Bring Premiums in December 2020

In addition to performing well in public internet sales, CAC-approved certified coins outperformed other certified coins in live auctions in Newport Beach, California, and Las Vegas, Nevada during the month of December. Here are over a dozen examples, which were selected from a large number of results that could have been listed.

1. 1914 Buffalo Nickel in PR-68

Image: PCGS.

On December 3, 2020, Legend Rare Coin Auctions sold a CAC-approved Proof-68 1914 Buffalo nickel for $27,025 USD. On July 16, 2020, also in Las Vegas, Legend auctioned a PCGS-certified Proof-68 1914 nickel without a CAC sticker for $14,100. On March 26, 2020, Legend auctioned a different PCGS-certified Proof-68 1914 nickel without a CAC sticker for $17,625. The CAC-approved coin brought more than a 50% premium above each of the two non-CAC Proof-68 1914 nickels that were sold by the same auction firm during 2020.

2. 1837 Half Dollar in MS-64

On December 3, Legend auctioned a CAC-approved MS-64 grade 1837 half dollar for $7,931.25. In February 2020, at the Long Beach Expo, Heritage Auctions sold a PCGS-graded MS-64 1837 half dollar without a CAC sticker for $3,600. Back in October 2017, GreatCollections sold a different PCGS-graded MS-64 1837 half dollar without a CAC sticker for $3,519.

3. 1941-S Walking Liberty Half Dollar in MS-66

Image: Legend Rare Coin Auctions.

On December 3, in Las Vegas, Legend auctioned a CAC-approved MS-66 grade 1941-S Walking Liberty half dollar for $3,642.50. On December 6, GreatCollections sold a PCGS-graded MS-66 1941-S Walker without a CAC sticker for $777.38. On September 1, Heritage sold a PCGS-graded MS-66 1941-S Walker, without a CAC sticker, for $588. On August 12, Heritage sold another PCGS-graded MS-66 1941-S Walker without a CAC sticker for $630.

4. 1893 Morgan Dollar in MS-63

Image: PCGS.

On December 3, Legend auctioned a CAC-approved MS-63 grade 1893 Morgan silver dollar for $2,232.50. On December 9, Heritage sold a PCGS-graded MS-63 1893 Morgan without a CAC sticker for $1,500. On December 16, Stack’s Bowers auctioned a different PCGS-graded MS-63 1893 Morgan without a CAC sticker for $1,440.

5. 1802/1 Overdate $2.5 Quarter Eagle in AU-58

Image: Legend Rare Coin Auctions

On December 3, Legend auctioned a CAC-approved AU-58 grade 1802/1 overdate $2.5 gold coin for $31,275. On February 20, Heritage auctioned a PCGS-graded AU-58 1802/1 $2.5 gold coin without a CAC sticker for $20,400.

6. 1874 Three Dollar Gold in MS-62

Image: GreatCollections

On December 6, GreatCollections sold a CAC-approved, NGC-graded MS-62 1874 Three Dollar Gold piece for $2,368.12. In June 2020, Heritage auctioned a PCGS-graded MS-62 1874 Three Dollar Gold piece without a CAC sticker for $1,920. In May, Heritage sold a different PCGS-graded MS-62 1874 Three Dollar Gold piece without a CAC sticker for $1,740.

7. 1910-D $5 Half Eagle in MS-64

Image: GreatCollections

On December 13, GreatCollections sold a CAC-approved MS-64 grade 1910-D $5 gold coin for $8,157.38. On August 6, Stack’s Bowers auctioned a PCGS-graded MS-64 1910-D $5 gold coin without a CAC sticker for $5,520.

8. 1793 Wreath Cent in AU-58

On December 17, in Newport Beach, California, Stack’s Bowers auctioned a CAC-approved, NGC-graded AU-58 1793 Wreath cent for $40,800. In April, Heritage auctioned a PCGS-graded AU-58 1793 Wreath cent without a CAC sticker for $33,600. Both coins were struck from the same pair of dies.

9. 1864 ‘Small Motto’ Two Cent Piece in MS-65 RB

Image: Stack’s Bowers

On December 17, Stack’s Bowers auctioned a CAC-approved, NGC-graded MS-65 1864 ‘Small Motto’ Two Cent piece with a ‘Red & Brown’ (RB) designation for $5,280. On April 23, 2020, Heritage auctioned a PCGS-certified MS-65RB 1864 ‘Small Motto’ Two Cent piece without a CAC sticker for $2,640 – half as much as the price realized for the CAC piece! This $2,640 price realized for this non-CAC certified coin was not an outlier. On January 26, 2020, GreatCollections sold a different non-CAC, PCGS-certified MS-65RB 1864 ‘Small Motto’ Two Cent piece for a similar price, $2,657.25.

10. 1862 Three Cent Silver in MS-66

On December 17, Stack’s Bowers auctioned a CAC-approved MS-66 grade 1862 Three Cent Silver for $1,920. On December 22, Heritage sold a PCGS-graded MS-66 1862 Three Cent Silver without a CAC sticker for $930. On December 8, Heritage sold a different PCGS-graded MS-66 1862 Three Cent Silver without a CAC sticker for $1,170. The $1,920 result on Dec. 17 for the just-mentioned CAC-approved coin was not a fluke. On August 7, Stack’s Bowers auctioned another CAC approved MS-66 grade 1862 Three Cent Silver, which realized $1,980.

11. 1900 Liberty Head Nickel in MS-66

On December 17, Stack’s Bowers auctioned a CAC-approved, NGC-graded MS-66 1900 Liberty Head nickel for $1,320. On December 8, Heritage sold a PCGS-graded MS-66 1900 Liberty Head nickel without a CAC sticker for $500.40. On November 24, Heritage sold a different PCGS-graded MS-66 1900 Liberty Head nickel without a CAC sticker for $552. On November 15, David Lawrence Rare Coins sold a PCGS-graded MS-66 1900 nickel without a CAC sticker for $650.

12. 1838 Half Dollar in MS-65

On December 17, Stack’s Bowers auctioned a CAC-approved, NGC-graded MS-65 1838 half dollar for $31,200. On September 18, Heritage auctioned a PCGS-graded MS-65+ 1838 half dollar, without a CAC sticker, for $14,400.

13. 1795 Flowing Hair ‘Two Leaves Reverse’ Silver Dollar in MS-65

Image: Stack’s Bowers

On December 17, Stack’s Bowers auctioned a CAC-approved MS-65 grade 1795 Flowing Hair ‘Two Leaves Reverse’ silver dollar for $576,000.

There are or were two other PCGS-graded MS-65 1795 Flowing Hair ‘Two Leaves Reverse’ silver dollars, neither of which has a CAC sticker. They both were in the Pogue Family Collection. On September 20, 2015, Stack’s Bowers auctioned both of these non-CAC, PCGS-graded MS-65 1795 Flowing Hair ‘Two Leaves Reverse’ silver dollars for $258,500 and $282,000, respectively. Market levels for most rare silver coins were higher in 2015 than they were during 2020. The CAC-approved PCGS-graded MS-65 coin realized dramatically more than the two non-CAC PCGS MS-65 certified coins of the same type, date, and major variety.

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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