In addition to realizing newsworthy premiums in public auctions in Dallas and New Orleans, CAC-approved coins outperformed other certified coins in various public internet sales during the month of October. Here are 10 examples selected from a large number of results that could have been listed.
1. 1932-S Quarter in MS-65
On October 6, GreatCollections sold a CAC-approved MS-65 grade 1932-S quarter for $2,306.25 USD. On October 18, Heritage auctioned two PCGS-graded MS-65 1932-S quarters, neither of which had a CAC sticker, for $1,800 and $1,921.20, respectively.
2. 1805 Quarter in XF-45
On October 18, Heritage auctioned a CAC-approved XF-45 grade 1805 quarter for $3,840. In March, also in Dallas, Heritage auctioned a PCGS-graded XF-45 1805 quarter without a CAC sticker for $2,640. Neither of these 1805 quarters is of a rare variety.
3. 1839-O Half Dollar in XF-40
On October 18, Heritage auctioned a CAC-approved XF-40 grade 1839-O half dollar for $2,520. In August at the ANA Convention, Heritage auctioned two PCGS-graded XF-40 1839-O halves, neither of which had a sticker, for $1,860 and $1,500, respectively.
4. 1806/5 ‘Large Stars’ Half Dollar in VF-30
On October 20, the firm of GreatCollections sold a CAC-approved VF-30 grade 1806/5 ‘Large Stars’ half dollar for $1,181.25. On March 20, 2019, Heritage sold a PCGS-graded VF-30 1806/5 ‘Large Stars’ half dollar without a CAC sticker for $780.
5. 1924-S Buffalo Nickel in XF-45
On October 24, Heritage auctioned two PCGS-graded XF-45 1924-S Buffalo nickels in successive lots. The nickel with a CAC sticker realized $1,200, while the 1924-S Buffalo nickel without a CAC sticker brought $810. The CAC-approved XF-45 1924-S thus realized 48% more!
6. 1819/8 ‘Small 9’ Half Dollar in AU-50
On October 24, Heritage sold an NGC-graded AU-50 1819/8 ‘Small 9’ half dollar with a CAC sticker for $780.
In June, at a Long Beach Expo, Heritage auctioned two pertinent 1819/8 ‘Small 9’ halves, neither of which had a CAC sticker. A non-CAC PCGS-graded AU-53 1819/8 ‘Small 9’ brought even less ($576) than a non-CAC PCGS-graded AU-50 coin that went for $660.
7. 1897 Half Dollar in PR-67 DCAM
On October 24, Legend Auctions auctioned a CAC-approved ‘Proof-67 Deep Cameo’ 1897 half dollar for $15,275. In March 2018, Heritage auctioned a PCGS-certified ‘Proof-67 Deep Cameo’ 1897 half dollar without a CAC sticker for $9,600. Market values for these have not risen significantly, if at all, since March 2018.
8. 1907 Half Dollar in PR-67
On October 24, Legend Auctions sold a CAC-approved Proof-67 1907 half dollar for $4,817.50. In April 2019, at a Central States Convention, Heritage auctioned a PCGS-certified Proof-67 1907 half dollar without a CAC sticker for $3,360.
9. 1923-D Saint Gaudens $20 Gold Double Eagle in MS-67
On October 24, Legend Auctions sold a CAC-approved MS-67 1923-D Saint Gaudens $20 gold coin for $28,200. In April 2018, at a Central States Convention, Heritage auctioned a PCGS-graded MS-67 1923-D $20 gold coin, without a CAC sticker but with an old green PCGS label for $14,400, barely more than half as much as the just mentioned CAC-approved 1923-D realized.
10. 1922-S Peace Dollar in MS-64
On October 27, GreatCollections sold two PCGS-graded MS-64 1922-S Peace dollars with consecutive PCGS serial numbers suggesting that they may have been graded on the same day. The coin with a CAC sticker brought $213.75 and the 1922-S without a CAC sticker realized $147.94.
In almost all of the examples, the CAC coin is just noticeably nicer. Might that account for a significant portion of the premiums realized?