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

During October, CAC-approved coins outperformed other certified coins in live auctions in Las Vegas and Dallas in addition to public internet sales. Here are 10 examples, selected from a large number of results that could have been listed.

1. 1868 Quarter in PR-65

On October 4, GreatCollections sold a CAC-approved Proof-65 1868 quarter for $2,255.62 USD. On October 18, Heritage sold a PCGS-certified Proof-65 1868 quarter without a CAC sticker for $1,440.

2. 1906 Quarter Eagle in MS-67

On October 4, GreatCollections sold a CAC-approved, NGC-graded MS-67 1906 $2.5 gold coin for $3,628.12. On August 7, Stack’s Bowers sold a PCGS-graded MS-67 1906 $2.5 gold coin without a CAC sticker for $2,160.

3. 1837 ‘Large Date’ Liberty Seated Half Dime in MS-63

On October 8, Legend auctioned a CAC-approved, NGC-graded MS-63 1837 ‘Large Date’ Liberty Seated half dime for $1,821.25. Earlier this year, Heritage sold two non-CAC, PCGS-graded MS-63 1837 ‘Large Date’ Liberty Seated half dimes for $810 on March 17 and for $745.20 on February 4. The CAC-approved coin thus realized more than twice as much.

4. 1885 Dime in MS-67

On October 8, Legend auctioned a CAC-approved MS-67 grade 1885 dime for $2,937.50. On April 26, 2020, Heritage sold a PCGS-graded MS-67 1885 dime without a CAC sticker for $1,440.

5. 1854 ‘Type Two’ One Dollar Gold Coin in MS-66

On October 8, Legend auctioned a CAC-approved MS-66 grade 1854 ‘Type Two’ One Dollar Gold piece for $64,625. On January 9, 2020, Heritage auctioned a PCGS-graded MS-66 1854 ‘Type Two’ One Dollar Gold piece without a CAC sticker for $36,000.

6. 1915 $10 Gold Eagle in MS-64

On October 11, GreatCollections sold a CAC-approved MS-64 grade 1915 $10 gold coin for $3,513.38. On September 20, Heritage sold a PCGS-graded MS-64 1915 $10 gold coin without a CAC sticker for $2,640.

7. 1937 Quarter in PR-68

On October 15, Heritage auctioned a CAC-approved Proof-68 1937 quarter for $15,000. Another PCGS-certified Proof-68 1937 quarter has not been publicly sold in 2020. On December 29, 2019, GreatCollections sold a PCGS-certified Proof-68 1937 quarter without a CAC sticker for $5,465.25. On November 17, 2019, GreatCollections sold a different PCGS-certified Proof-68 1937 quarter without a CAC sticker for $6,197.62.

8. 1936 Half Dollar in PR-67

On October 15, Heritage auctioned a CAC-approved Proof-67 1936 half dollar for $18,000. On August 27, Legend auctioned a PCGS-certified Proof-67 1936 half dollar without a CAC sticker for $9,400.

9. 1910-S $20 Double Eagle in MS-65

On October 15, Heritage auctioned a CAC approved MS-65 grade 1910-S $20 gold coin for $12,000. On August 3, Heritage auctioned three non-CAC, PCGS-certified coins (MS-65 1910-S $20 double eagles) in successive lots for $5,040, $8,400, and $4,920, respectively. None of these three had a CAC sticker and not one realized a price that is close to the $12,000 result for the just-mentioned CAC-approved MS-65 1910-S.

Market values for MS-65 1910-S double eagle certified coins were not higher in October than they were in August.

10. 1937 Half Dollar in PR-68

On October 16, Heritage auctioned a CAC-approved Proof-68 1937 half dollar for $60,000 – yes, sixty thousand! Heritage auctioned a PCGS-certified Proof-68 half dollar, without a CAC sticker for $5,040 on April 23, 2020, and for $6,600 on February 20, 2020. On August 15, 2019, Stack’s Bowers auctioned a different PCGS-certified Proof-68 half dollar without a CAC sticker for $10,800.

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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