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HomeAuctionsCertified Coin Marketplace - CAC-Approved Coins Bring Premiums in May 2023

Certified Coin Marketplace – CAC-Approved Coins Bring Premiums in May 2023

In addition to realizing impressive prices in internet sales during the month of May, CAC-approved coins fared well in live auctions in Dallas County, Texas, and New Orleans, Louisiana. Here are a dozen examples, which were selected from a large number of results that could have been listed.

1. 1909-S VDB Lincoln Cent in MS-66

1909-S V.D.B. Cent. CAC approved MS66RD. Image: Heritage Auctions.
1909-S V.D.B. Cent. CAC approved MS66RD. Image: Heritage Auctions.

On May 3, Heritage auctioned a CAC-approved MS-66 grade 1909-S VDB Lincoln cent for $28,800. On February 9, Heritage auctioned a PCGS-graded MS-66 1909-S VDB Lincoln, without a CAC sticker, for $15,000. Both coins were designated as having ‘Full Red’ (RD) color by PCGS.

2. 1795 Flowing Hair ‘Two Leaves’ Dollar in AU-53

1795 Two-Leaves Dollar. CAC-approved AU53. Image: Heritage Auctions.
1795 Two-Leaves Dollar. CAC-approved AU53. Image: Heritage Auctions.

On May 3, Heritage auctioned a CAC-approved AU-53 grade 1795 ‘Two Leaves’ silver dollar for $37,200. Two days later, on May 5, Heritage auctioned a PCGS-graded AU-53+ 1795 ‘Two Leaves’ silver dollar, without a CAC sticker, for $30,000. Both coins were struck from the same pair of dies.

3. 1925-S Peace Dollar in MS-65

On May 3, Heritage auctioned a CAC-approved MS-65 grade 1925-S Peace silver dollar for $72,000. A year earlier, on May 5, 2022, Heritage auctioned a PCGS-graded MS-65 1925-S Peace dollar, without a CAC sticker, for $16,800. On April 5, 2022, Stack’s Bowers auctioned a PCGS-graded MS-65 1925-S Peace dollar, without a CAC sticker, also for $16,800. On Feb. 27, 2022, Heritage sold a different PCGS-graded MS-65 1925-S Peace dollar, without a CAC sticker, for this same price, $16,800.

Yes, market levels for MS-65 grade 1925-S Peace dollars may have increased from winter/spring 2022 to winter/spring 2023. Even if so, any such increase would not account for the difference between $72,000 for a CAC-approved MS-65 1925-S and $16,800 each for multiple PCGS-graded MS-65 1925-S Peace dollars.

Read CoinWeek’s informative Collector’s Guide to the 1925-S Peace Dollar.

4. 1855 Gold Dollar Gold in MS-66

1855 Gold Dollar in CAC-approved MS66. Image: Heritage Auctions.
1855 Gold Dollar in CAC-approved MS66. Image: Heritage Auctions.

On May 3, Heritage auctioned a CAC-approved MS-66 grade 1855 One Dollar Gold piece for $50,400. On Feb. 4, 2022, Heritage auctioned a PCGS-graded MS-66 1855 One Dollar Gold piece, without a CAC sticker, for $31,200. Market levels for these were certainly not higher in May 2023 than they were in February 2022.

5. 1907 Barber Half Dollar in MS-64

On May 14, GreatCollections sold a CAC-approved MS-64 grade 1907 half dollar for $1,651.17. On March 28, Stack’s Bowers sold a PCGS-graded MS-64 1907 half, without a CAC sticker, for $1,080.

6. 1923-D Peace Dollar in MS-65

On May 21, GreatCollections sold a CAC-approved MS-65 grade 1923-D Peace dollar for $2,256.10. On March 8, Stack’s Bowers sold a PCGS-graded MS-65 1923-D Peace dollar, without a CAC sticker, for $1,020. On Feb. 15, Heritage sold a different PCGS-graded MS-65 1923-D Peace dollar, without a CAC sticker, for $840. Market levels for these have not increased so far in 2023.

7. 1936 Satin Finish Buffalo Nickel in Proof 68

1936 PCGS PR66 CAC Buffalo nickel. Image: Legend Rare Coin Auctions.
1936 PCGS PR66 CAC Buffalo nickel. Image: Legend Rare Coin Auctions.

On May 25, Legend Rare Coins auctioned a CAC-approved 1936 Satin Finish (Type One), certified Proof-68 Buffalo nickel for $6,250. On May 4, Heritage auctioned a PCGS-certified Satin Finish Proof-68 1936 Buffalo nickel, without a CAC sticker, for $4,680.

8. 1916-D Mercury Dime in MS-64

On May 25, Legend auctioned a CAC-approved MS-64 grade 1916-D Mercury dime for $29,000. On July 14, 2022, Heritage auctioned a PCGS-graded MS-64 1916-D Mercury dime, without a CAC sticker, for $24,001.20. Both coins had a ‘Full Bands’ (FB) designation from PCGS.

9. 1920 Saint-Gaudens Double Eagle in MS-64

On May 25, Legend auctioned a CAC-approved MS-64 grade 1920 $20 gold coin for $10,500. On Jan. 13, Heritage sold two PCGS-graded MS-64 1920 $20 gold coins, neither of which had a CAC sticker. One realized $5640, and the other brought $4,440. Even if market levels for these were a little higher in May than they were in January, a difference in market levels could not possibly account for all the difference between $10,500 and $5,640.

10. 1923-S Monroe Doctrine Commemorative Half Dollar

CAC-approved MS66 Monroe half dollar. Image: Legend Rare Coin Auctions.
CAC-approved MS66 Monroe half dollar. Image: Legend Rare Coin Auctions.

On May 25, Legend auctioned a CAC-approved MS-66 grade 1923-S Monroe Doctrine commemorative half dollar for $3,000. On April 24, Heritage sold a PCGS-graded MS-66 1923-S Monroe half dollar, without a CAC sticker, for $780. On Dec. 28, Heritage sold a different PCGS-graded MS-66 1923-S Monroe half dollar, without a CAC sticker, for this same price, $780. The just mentioned CAC-approved coin brought nearly four times as much.

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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