HomeCertified Coin Marketplace - CAC-Approved Coins Bring Premiums in July 2022

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

During the month of July, CAC-approved coins fared well in live auctions in Dallas and Las Vegas, 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.

Certified Coin Marketplace - CAC-Approved Coins Bring Premiums in July 20221. 1883 ‘No Cents’ Liberty Head Nickel in Proof 66

On July 3, GreatCollections sold a CAC-approved, NGC-certified Proof-66 1883 ‘No Cents’ Liberty Head nickel for $1,019.70. On May 3, Heritage sold a PCGS-certified Proof-66 1883 ‘No Cents’ nickel without a CAC sticker for $690.

2. 1854 Three Cent Silver in MS-65

On July 15, Heritage auctioned a CAC-approved, NGC-graded MS-65 1854 Three Cent Silver for $3,960. On Dec. 19, 2021, Heritage sold a PCGS-graded MS-65 1854 Three Cent Silver without a CAC sticker for $1,801.20, less than half as much.

3. 1838-O ‘No Stars’ Half Dime in AU-53

On July 15, Heritage auctioned a CAC-approved AU-53 (fifty-three) grade 1838-O ‘No Stars’ half dime for $8,100.

About Uncirculated-grade 1838-O half dimes are not often offered.

On April 23, 2020, Heritage sold a PCGS-graded AU-58 (fifty-eight) 1838-O ‘No Stars’ half dime without a CAC sticker for $6,000. A CAC-approved AU-53 coin thus brought much more than a non-CAC, PCGS-graded AU-58 (fifty-eight) 1838-O half dime. While market levels for these have increased a little from April 2020 to July 2022, this increase could not account for a large part of the premium paid for this CAC-approved half dime.

Certified Coin Marketplace - CAC-Approved Coins Bring Premiums in July 20224. 1892-O Barber Quarter in MS-66

On July 15, in successive lots, Heritage auctioned two PCGS-graded MS-66 1892-O quarters. The CAC-approved 1892-O realized $5,040 and the 1892-O without a CAC sticker realized $2,880. The CAC-approved MS-66 1892-O quarter thus realized 75% more than the non-CAC, PCGS-graded MS-66 1892-O quarter

5. 1918-S Lincoln cent in MS-64 BN

On July 21, a CAC-approved, NGC-graded MS-64 1918-S Lincoln cent sold on eBay for $311.28. On March 22, Heritage sold a PCGS-graded MS-64 1918-S Lincoln without a CAC sticker for $240. Both coins were designated as being ‘Brown’ in color (BN).

6. 1911-S Lincoln Cent in MS-65 RD

Certified Coin Marketplace - CAC-Approved Coins Bring Premiums in July 2022On July 24, GreatCollections sold a CAC-approved, PCGS-certified MS-65RD 1911-S Lincoln cent for $14,726.80. Four seconds earlier, at 4:11:24 PM Pacific Time, GreatCollections sold a PCGS-certified MS-65RD 1911-S Lincoln cent without a CAC sticker for $2,064.38.

Both coins were designated by PCGS as having ‘full red color’ (RD). The CAC-approved MS-65RD 1911-S cent thus brought more than seven times as much as its non-CAC, PCGS-graded counterpart.

7. 1927-D Peace Dollar in MS-65

On July 24, GreatCollections sold a CAC-approved MS-65 grade 1927-D Peace silver dollar for $6,660.50. On July 17, GreatCollections sold a PCGS-graded MS-65 1927-D Peace dollar without a CAC sticker for $3,937.50.

8. 1928 Peace Dollar in XF-40

On July 24, a CAC-approved XF-40 (forty) grade 1928 Peace silver dollar was sold on eBay for $361.57. On June 15, Heritage sold a PCGS-graded AU-50 (fifty) 1928 Peace dollar without a CAC sticker for $300. A CAC-approved XF-40 grade coin thus sold for 20% more than a non-CAC, PCGS-graded AU-50 (fifty) 1928 dollar.

9. 1861 $20 Double Eagle Gold Coin in AU-58

On July 24, APMEX sold a CAC-approved, NGC-graded AU-58 1861 $20 gold coin for $3,750 on eBay. On Dec. 16, 2021, Heritage sold a PCGS-graded AU-58 1861 $20 gold coin without a CAC sticker for $2,640. Although these increased in value between December 2021 and July 2022, this increase would not account for much of the difference in price between $3,750 and $2,640.

10. 1936-D Columbia Commemorative Half Dollar in MS-68

On July 28, Legend auctioned a CAC-approved MS-68 grade 1936-D Columbia commemorative half dollar for $7,050. On Feb. 25, 2022, Heritage auctioned a PCGS-graded MS-68 1936-D Columbia half without a CAC sticker for $3,840.

 

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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