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Certified Coin Marketplace: CAC Coins Bring Premiums in May 2019

In addition to faring well in online sales during the month of May, CAC-approved coins outperformed other certified coins in auctions in New Orleans and Baltimore. Here are 10 examples selected from a large number of results that could have been listed.

1. 1864 ‘Large Motto’ Two Cent Piece in MS-64 RD

1864 Two Cent Piece - NGC MS64 RD

On May 5, GreatCollections sold an NGC-graded MS-64 1864 ‘Large Motto’ Two Cent piece, with a designation that this coin has full original mint red color “RD”, for $757.12 USD. This coin has a sticker of approval from CAC.

On March 19, 2019, Heritage sold a PCGS-certified “MS-64RD” 1864 ‘Large Motto’ Two Cent piece without a CAC sticker for $408. Back on October 23, 2018, Heritage sold an NGC-certified “MS-64RD” 1864 ‘Large Motto’ Two Cent piece without a CAC sticker for this same price, $408. This non-CAC, NGC-certified 1864 was in a holder that is extremely similar to the holder that houses the CAC approved coin that GreatCollections sold for $757.12 on May 5.

Also, at the end of March 2019, Kagin’s auctioned a PCGS-certified MS-64RD 1864 ‘Large Motto’ Two Cent piece, without a CAC sticker, for $480.

2. 1920-S Mercury Dime in MS-65 FB

1920-S Mercury Dime in MS-65 FB

On May 5, GreatCollections sold a CAC-approved MS-65 1920-S Mercury dime with a ‘Full Bands’ (“FB”) designation for $4,050.

In August 2018 at the ANA Convention, Stack’s Bowers auctioned a PCGS-graded MS-65 1920-S dime with a ‘Full Bands’ (“FB”) designation but without a CAC sticker for $3,120. That non-CAC dime has a rather famous pedigree from the collection of John Whitney Walter.

In June 2018, at a Long Beach Expo, Heritage auctioned a PCGS-certified MS-65FB 1920-S dime without a CAC sticker from the Bob Williams Collection for $3,360.

In April 2018 at Central States, Heritage sold a different PCGS-certified MS-65FB 1920-S dime without a CAC sticker for $3,600. The CAC-approved ‘MS-65FB’ 1920 dime brought substantially more than the others despite the reality that others were from named collections and/or auctioned at major coin conventions.

3. 1855 Quarter in MS-67

1855 PCGS MS67 25c CAC

There are two PCGS-graded MS-67 1855 quarters. Only one has been approved at CAC. On May 5, GreatCollections sold the CAC-approved MS-67 1855 for $49,500. The PCGS-graded MS-67 1855 quarter without a CAC sticker was auctioned by Heritage in 2016 for $36,425 and in 2015, while in a different holder, for $27,025. This coin was in the Gene Gardner Collection. Market values for Liberty Seated coins have not risen since 2016, so the CAC-approved coin realized much more.

4. 1908 Half Dollar in MS-66

On May 5, Great Collections sold a CAC-approved MS-66 1908 half dollar for $9,853.88.

At the Summer FUN Convention in July 2018, Heritage auctioned a PCGS-graded MS-66 1908 half dollar without a CAC sticker for $3,480. That same non-CAC 1908 half had been auctioned for $4,080 in March 2018.

5. 1901 $10 Eagle in MS-64

On May 5, GreatCollections sold an NGC-graded MS-64 1901 $10 gold coin, with a CAC sticker, for $1,181.25.

This amount is much greater than the amounts that PCGS-graded MS-64 or MS-64+ 1901 $10 gold coins without CAC stickers have been realizing in public sales. On April 28, Heritage sold a PCGS-graded MS-64 1901 for $960. On March 20, Stack’s Bowers sold a PCGS-graded “MS-64+” 1901 for $930. And on March 5, Stack’s Bowers sold a PCGS-graded MS-64 1901 for $900. Prices for these have been trending downward in 2019. The lone CAC-approved MS-64 1901 eagle sold in 2019 was the most recently sold out of those just mentioned, and it brought significantly more than the non-CAC coins realized when market levels were higher.

6. 1921-D Morgan Dollar in MS-67

1921-D Morgan Dollar in MS-67 PCGS CAC

On May 16, Legend auctioned a CAC-approved MS-67 1921-D Morgan silver dollar for $31,725. This same coin realized $30,550 in another Legend auction on October 15, 2015.

The last non-CAC, PCGS-graded MS-67 1921-D Morgan to sell at auction realized $11,750 at the FUN Convention in January 2016. Another PCGS-graded MS-67 1921-D Morgan without a CAC sticker was auctioned by Stack’s Bowers in February 2014 for $22,325.

7. 1923-S Peace Dollar in MS-65

On May 16, Legend auctioned a CAC-approved MS-65 1923-S Peace silver dollar for $6,168.75.

On March 1, Stack’s Bowers sold a PCGS-graded MS-65 1923-S silver dollar without a CAC sticker for $1,320.

On February 3, Heritage sold two PCGS-graded MS-65 1923-S silver dollars, each without a CAC sticker. The one in a holder that is more than 15 years old realized $2,640, while the PCGS-graded MS-65 1923-S dollar in a relatively recent holder went for $1,440.

8. 1925-S Peace Dollar in MS-65

On May 16, Legend auctioned a CAC-approved MS-65 1925-S Peace silver dollar for $36,425.

On February 28, 2019, Stack’s Bowers auctioned a PCGS-graded MS-65 1925-S without a CAC sticker for $24,000. A different PCGS-graded MS-65 1925-S Peace dollar without a CAC sticker was auctioned at the ANA convention last August for $18,000.

Read CoinWeek’s informative Collector’s Guide to the 1925-S Peace Dollar.

9. 1893-CC $5 Half Eagle in MS-61

1893-CC $5 Half Eagle in MS-61

On May 23, Stack’s Bowers auctioned a CAC-approved MS-61 1893-CC $5 gold coin for $3,840.

In December 2018, Heritage auctioned a PCGS-graded MS-61 1893-CC $5 gold coin without a CAC sticker for $2,640.

In 2017, Heritage sold non-CAC, PCGS-graded MS-61 1893-CC $5 gold coins for $3,290 in June and for $2,585 in April.

10. 1850-O $20 Double Eagle in EF-45

On May 23, Stack’s Bowers auctioned a CAC-approved EF-45 grade 1850-O $20 gold coin for $13,800.

On February 28, Stack’s Bowers auctioned two other PCGS-graded EF-45 1850-O $20 gold coins, neither of which had a CAC sticker. One of the non-CAC coins realized $7,200. The other was from the same consignment as the just mentioned CAC-approved EF-45 grade 1850-O that realized $13,800 on May 23. This non-CAC counterpart that was also from The Fairmont Collection, and is similar in color. This non-CAC, PCGS-graded EF-45 1850-O sold for $9,000.

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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