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Certified Coin Marketplace – CAC-Approved Coins Bring Premiums in October 2019

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.

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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1 COMMENT

  1. In almost all of the examples, the CAC coin is just noticeably nicer. Might that account for a significant portion of the premiums realized?

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