HomeAuctionsCertified Coin Marketplace: CAC Coins Bring Premiums in August

Certified Coin Marketplace: CAC Coins Bring Premiums in August

CAC approved coins outperformed other certified coins in the Heritage and Stack’s-Bowers auctions at the ANA Convention in Philadelphia. Also, CAC coins continued to bring substantial premiums in internet sales by GreatCollections. Here are ten examples, which were selected from a large number of results that could have been listed.

1. 1857 Flying Eagle Cent in MS-64

1857 Flying Eagle Cent MS64 CAC

On August 12, GreatCollections sold a CAC-approved MS-64 grade 1857 Flying Eagle cent for $1,649. This same firm sold certified MS-64 1857 Flying Eagle cents, without CAC stickers, for $1,056 on March 25, 2018, for $1,132 on November 5, 2017, and for $1,031 on August 6, 2017.

2. 1937-D Buffalo Nickel in MS-67

1937-D Buffalo Nickel MS67 CAC

On August 12, GreatCollections sold a CAC-approved MS-67 1937-D Buffalo nickel for $703. Recently, this same firm sold non-CAC, certified MS-67 1937-D Buffalo nickels that were bid up to levels much lower than $703, $420 on July 22, $405 on July 1, $356 on June 10, and $405 on May 27, 2018.

3. 1927-D Standing Liberty Quarter in MS-66 FH

1927 Quarter MS66FH CAC

3. On August 14, Heritage auctioned a CAC approved MS-66 grade 1927-D quarter with a ‘Full Head’ designation for $13,200. In January 2017, this same firm auctioned another CAC-approved MS-66 Full Head 1927-D quarter, which realized $9,693.75. In contrast, in June 2018, Heritage auctioned a certified Full Head 1927-D quarter, without a CAC sticker, for $4,320, much less than half as much as the prices realized for either of the cited CAC-approved coins. Also in August 2018, another auction firm sold a non-CAC example, a for $3,840.

4. 1915-S Saint Gaudens Double Eagle in MS-66

4. On August 14, Heritage auctioned a CAC approved MS-66 grade 1915-S $20 gold coin for $9,900. Earlier this year, the same firm sold two certified MS-66 grade 1915-S $20 gold coins, each without a CAC sticker, for $5,040 in June and $4560 in January, respectively. A different auction firm sold a non-CAC, certified MS-66 grade 1915-S $20 gold coin for $3,720 in November 2017.

5. 1886-O Morgan Dollar in MS-64

1886-O $1 MS64 CAC

On August 15, Stack’s-Bowers auctioned a CAC approved, MS-64 1886-O silver dollar for $10,800. Two days later, this same firm sold a non-CAC MS-64 1886-O silver dollar, which was certified by the same grading service, for $6,600. The results for this duo parallel the sale of two other 1886-O silver dollars that were graded MS-64 by the same grading service in the Heritage auction at the Summer FUN Convention in July 2018. A CAC approved MS-64 1886-O then sold for $10,200 and a non-CAC MS-64 1886-O then brought $6,021.60.

6. 1857-O Liberty Head Double Eagle in AU-50

1857-O EX-45 CAC

On August 15, at the ANA Convention in Philadelphia, Stack’s-Bowers auctioned two 1857-O $20 gold coins, in consecutive lots. The first was graded AU-50 by the leading service and it sold for $13,200. The second brought $15,600, was graded EF-45 by the same grading service, and had a green sticker of approval from CAC. So, the certified EF-45 coin, with a CAC sticker, brought more than the certified AU-50 1857-O, which was graded by the same service yet did not have a CAC sticker, $15,600 versus $13,200.

7. 1917 Standing Liberty Quarter in MS-67 FH

1917 Standing Liberty Quarter MS67FH CAC
On August 17, at the ANA Convention in Philadelphia, Stack’s-Bowers auctioned a CAC approved, 1917 (Type One) ‘MS-67 Full Head’ Standing Liberty Quarter, for $5,760. All the 1917 quarters mentioned here are of the first type and are certified as ‘MS-67’ with a ‘Full Head’ designation by the same grading service.

Three days earlier at the same convention, on August 14, Heritage auctioned one such quarter without a CAC sticker for $2,040. In April 2018, DLRC sold one with the same certification, also without a CAC sticker, for $2,540.

In January 2018, Heritage auctioned another CAC approved 1917 quarter for $13,200! In August 2016, Heritage sold another without a CAC sticker for $2,585.

8. 1914-S Indian $10 Gold Coin in MS-64

On August 17, at the ANA Convention in Philadelphia, Stack’s-Bowers auctioned a CAC approved MS-64 grade 1914-S $10 gold coin for $19,800. On April 29, Heritage auctioned a 1914-S $10 gold that was graded MS-64 by the same service though was not approved at CAC. This non-CAC coin brought $5,520 in 2018, though a year earlier, that exact same 1914-S $10 coin was sold by Heritage for $7,050.

9. 1893-CC Morgan Dollar in MS-63

1893-CC Morgan MS63 CAC

On August 17, at the ANA Convention in Philadelphia, Stack’s-Bowers auctioned a CAC approved MS-63 1893-CC silver dollar for $7,800. The day before, at the same convention, Heritage auctioned six 1893-CC dollars that were certified as grading MS-63. Only one of the six had a CAC sticker and it brought $7,200. Of the five non-CAC, certified MS-63 1893-CC dollars that Heritage auctioned on August 16, three realized the exact same price, $5,520. The other two brought $5,640 and $6,600, respectively.

On July 18, DLRC sold a CAC approved MS-63 1893-CC for $8,000. On July 12, Heritage auctioned a certified MS-63 1893-CC, without a CAC sticker, for $6,000. It seems clear that the CAC MS-63 1893-CC Morgans have been bringing prices that are significantly higher than those realized by non-CAC MS-63 1893-CC Morgans.

10. 1923-D Saint Gaudens Double Eagle in MS-65

On August 19, GreatCollections sold a CAC approved, MS-65 1923-D $20 gold coin for $2,700. Earlier, GreatCollections sold a non-CAC, certified MS-65 1923-D for $1,807 on April 29, and another without a CAC sticker for $1,744 on January 28, 2018.

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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