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Certified Coin Marketplace: CAC Coins Bring Premiums in October

CAC-approved coins tended to outperform other certified coins in a Heritage auction in Chicago, in a Stack’s Bowers auction in Baltimore, and in internet sales by GreatCollections. Here are 10 examples selected from a large number of results that could have been listed.

1924 Saint Gaudens Double Eagles

1. 1924 Saint Gaudens $20 in MS-66

On October 7, David Lawrence Rare Coins sold a CAC-approved MS-66 1924 Saint Gaudens $20 gold coin for $3,850. Another CAC-approved MS-66 1924 Saint was auctioned by Stack’s Bowers on October 25 for $3,600. Non-CAC, PCGS-graded MS-66 1924 $20 gold coins tend to sell for half as much. On September 16 and again on October 28, Legend sold PCGS-graded MS-66 1924 Saints, which were not CAC approved, for $1,870 each. On September 26, Stack’s Bowers sold a non-CAC, PCGS-graded MS-66 1924 Saint for $1,920.

1923 Saint Gaudens $20 in MS-65

2. 1923 Saint Gaudens $20 in MS-65

On October 11, a CAC-approved, NGC-graded MS-65 1923 Saint Gaudens $20 gold coin was auctioned for $7,320. In August 2018, Heritage auctioned a PCGS-graded MS-65 1923 Saint without a CAC sticker for $3,120. In June 2018, Heritage auctioned another for the same price and Stack’s Bowers sold a PCGS graded MS-65 1923 $20 gold coin without a CAC sticker for $3,000 in Baltimore.

1831 Small Letters quarter in MS-64

3. 1831 Small Letters quarter in MS-64

On October 11, Heritage auctioned a CAC-approved MS-64 1831 Small Letters quarter for $6,600. In December 2017, Heritage and Legend each auctioned a PCGS-graded MS-64 1831 Small Letters quarter without a CAC sticker for $4,080 and $4,700, respectively.

1887 Gold $1 MS67 CAC NGC

4. 1887 $1 gold in MS-67

On October 12, Heritage auctioned a CAC-approved, NGC-graded MS-67 1887 $1 gold piece for $4,560. In August 2018 at an ANA Convention, Stack’s Bowers auctioned a PCGS-graded MS-67 1887 $1 gold piece without a CAC sticker for $2,160, less than half the price of the CAC-Stickered coin. During June 2016 in Baltimore, Stack’s Bowers auctioned another non-CAC, PCGS-graded MS-67 1887 $1 gold piece, which realized $2,880. In January 2018, Heritage auctioned a different non-CAC, PCGS-graded MS-67 1887 $1 gold piece for $2,280.

5. 1913 Quarter Eagle in MS-65

On October 12, Heritage auctioned a CAC-approved, NGC-graded MS-65 1913 $2½ gold coin for $6,300. About a month earlier at a Long Beach Expo, Heritage auctioned a PCGS-graded MS-65 1913 $2½ gold coin without a CAC sticker for $3,840. Back in March, Legend auctioned a PCGS-graded MS-65 1913 $2½ gold coin without a CAC sticker for $3,740.

6. 1914-D Saint Gaudens $20 in MS-65

On October 12, Heritage auctioned two certified MS-65 1914-D Saint Gaudens $20 gold coins in consecutive lots. The NGC-graded coin with a CAC sticker realized $3360, while the PCGS-graded 1914-D brought a lesser price of $2,640.

PCGS MS66RD CAC7. 1912 Lincoln cent in MS-66 RD

A certified MS-66 Red 1912 Lincoln cent with a CAC sticker was sold by Heritage for $1,020 on October 14. In August 2018, another major auction firm sold a different MS-66 Red Lincoln cent certified by the same grading service but without a CAC sticker for $552, nearly half as much as the CAC coin realized in October.

8. 1878 Shield nickel in PR-66 CAM

On October 24, Stack’s Bowers auctioned a CAC-approved, Proof 66 cameo 1878 Shield nickel for $3,120. In April 2018, Heritage auctioned a PCGS-certified, Proof 66 cameo 1878 Shield nickel without a CAC sticker for $1,320, less than half as much as the CAC-stickered coin.

9. 1926 silver dollar in MS-66

On October 25, Stack’s Bowers auctioned a CAC-approved MS-66 1926 silver dollar for $2,880. In October, Heritage auctioned a PCGS-graded MS-66 1926 silver dollar without a CAC sticker for $1,140. On September 19, Heritage also auctioned a different PCGS-graded MS-66 1926 silver dollar without a CAC sticker for $1,110.

10. 1899 Morgan silver dollar in MS-65

On October 28, GreatCollections sold a CAC-approved MS-65 1899 Morgan silver dollar for $762.75. On October 14, Heritage sold three certified MS-65 1899 Morgan dollars, none of which had a CAC sticker, for $660, $600, and $588, respectively. All four of these were graded and encapsulated by the same service, yet the CAC-stickered coin realized substantially more during the same month.

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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