HomeAuctionsCertified Coin Marketplace - CAC-Approved Coins Bring Premiums in September 2020

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

During September, CAC approved coins outperformed other certified coins in a live auction in Dallas and in public internet sales. Here are 10 examples, which were selected from a large number of results that could have been listed.

1. 1917-D Type One Standing Liberty Quarter in MS-66FH

On September 6, the firm GreatCollections sold a CAC-approved MS-66 grade 1917-D ‘Type One’ Standing Liberty quarter with a ‘Full Head’ (FH) designation for $2,391.75. On November 20, 2019, Stack’s Bowers sold a PCGS-certified MS-66FH ‘Type One’ 1917-D quarter without a CAC sticker for $1,320. In September 2019, Heritage sold a different PCGS-certified MS-66FH ‘Type One’ 1917-D quarter without a CAC sticker for $1,500.

2. 1896 Morgan Silver Dollar in MS-66

On September 9, 2020, Stack’s Bowers sold two certified MS-66 1896 Morgan silver dollars in consecutive lots. The NGC-graded coin with a CAC sticker brought $312. The PCGS-graded MS-66 1896 dollar without a CAC sticker realized $240.

3. 1831 Half Dollar in AU-53

On September 10, in consecutive lots, Stack’s Bowers sold two PCGS-graded AU-53 1831 half dollars which were struck from the same pair of dies. The CAC-approved coin brought $1,020 and the 1831 half without a CAC sticker realized $456.

4. 1825 Half Dollar in MS-64

On September 14, Goldberg Auctioneers auctioned a CAC-approved MS-64 grade 1825 half dollar for $2,640. In December 2019, Heritage auctioned a PCGS-graded MS-64 1825 half dollar, without a CAC sticker for $2,070.

These are not of rare die pairings. Market levels for scarce half dollars have not risen since December 2019.

5. 1854-O Three Dollar Gold in XF-45

On September 14, Goldberg Auctioneers auctioned a CAC-approved XF-45 1854-O Three Dollar gold piece for $3,360. From July 2018 to January 2020, Heritage sold four non-CAC, PCGS-graded XF-45 1854-O Three Dollar gold pieces for prices ranging from $2,280 to $2,400. On September 18, Heritage sold a PCGS-graded AU-50 1854-O without a CAC sticker for $2,760.

6. 1934-D Buffalo Nickel in MS-66

On September 17, Heritage auctioned a CAC-approved, MS-66 grade 1934-D Buffalo nickel for $9,000. Although it has been more than a year since a non-CAC, certified MS-66 1934-D nickel has sold at auction, it is illuminating to reflect upon four Heritage auction results for PCGS-graded MS-66 1934-D nickels without CAC approval, $1,20 in August 2019, $1,260 in July 2019, $1,920 in June 2019, and $1,320 in September 2018. Prices for Buffalo nickels are not higher now than they were in 2018 or 2019.

7. 1857 Flying Eagle Cent in MS-66

On September 18, Heritage auctioned a CAC-approved MS-66 grade 1857 Flying Eagle cent for $13,200. On August 3, Heritage auctioned a PCGS-graded MS-66 1857 Flying Eagle cent without a CAC sticker for $7,200.

8. 1894-O Morgan Silver Dollar in MS-64

On September 18, Heritage auctioned two PCGS-graded MS-64 1894-O Morgan silver dollars. The 1894-O silver dollar with a CAC sticker brought $8,400. The PCGS-graded MS-64 1894-O dollar without a CAC sticker brought $4,800.

9. 1911 Saint Gaudens $20 Gold Double Eagle in MS-65

On September 18, Heritage auctioned a CAC-approved MS-65 grade 1911 Saint Gaudens $20 gold coin for $26,400. On August 4, Heritage auctioned a PCGS-graded MS-65+ 1911 Saint Gaudens $20 gold coin without a CAC sticker for $11,700, less than half as much.

10. 1881 Barber Quarter in Proof 66

On September 27, GreatCollections sold a CAC-approved Proof-66 1881 quarter for $1,868.62. On September 20, Heritage sold a PCGS-certified Proof-66 1881 quarter without a CAC sticker for $1,335.60.

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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