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
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
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
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
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
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
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
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.