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
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
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
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
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
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.
