In addition to faring well in Internet sales during the month of June, CAC approved coins outperformed other certified coins in a live auction at a Long Beach Expo in California. Here are 10 examples, which were selected from a large number of results that could have been listed.

1. 1914-S $10 Gold Eagle in MS-64CAC Coins

On June 6, Heritage auctioned a CAC-approved MS-64 grade 1914-S $10 gold coin for $14,400. On May 16, Legend auctioned a PCGS-graded MS-64 1914-S $10 gold coin, without a CAC sticker, for $5,405. Back on January 14, 2019, Heritage auctioned two CAC-approved MS-64 grade 1914-S $10 gold coins and one PCGS-graded MS-64 1914-S $10 gold coin without a CAC sticker. The two with CAC stickers realized $13,200 and $12,000, respectively, while the non-CAC, PCGS-graded MS-64 coin went for just $5,280. Multiple instances suggest a CAC premium of well over 100%!

2. 1877 Three Cent Nickel in PF-65

On June 7, Heritage auctioned an NGC-certified Proof-65 1877 Three Cent Nickel with a CAC sticker for $3,120. In October 2018, Heritage auctioned a PCGS-certified Proof-65 1877 Three Cent Nickel without a CAC sticker for $2,760. In September 2018, GreatCollections sold a PCGS-certified Proof-65 1877 Three Cent Nickel without a CAC sticker for $2,772.

3. 1919-D Buffalo Nickel in MS-64

On June 7, a CAC-approved MS-64 1919-D Buffalo nickel was auctioned by Heritage for $1,860. In March 2019, Heritage sold a PCGS-graded MS-64 1919-D Buffalo nickel without a CAC sticker for $1,560.

4. 1894 Morgan Silver Dollar in MS-63

On June 7, Heritage auctioned an NGC-graded MS-63 1894 Morgan silver dollar with a CAC sticker for $45,60. The two previous lots in the same auction session were PCGS-graded MS-63 1894 Morgans without CAC approval. These two realized $3,840 and $3,600, respectively.

This CAC premium in June was not an anomaly. Heritage sold a PCGS-graded MS-63 1894 Morgan without a CAC sticker for $3,844.80 in April and a CAC-approved MS-63 1894 Morgan for $4,560 in March, the same price that the NGC-graded MS-63 1894 with CAC approval realized in June.

5. 1816 Large Cent in MS-62

On June 9, Heritage sold a CAC-approved MS-62 1816 large cent with a ‘brown’ (“BN”) designation for $900. On March 4, Stack’s Bowers sold a PCGS-certified ‘MS-62BN’ 1816 large cent without a CAC sticker for $660. In August 2018, Heritage sold a PCGS-certified ‘MS-63BN’ 1816 large cent without a CAC sticker for $780.00. Note: the non-CAC piece that sold for $780 was PCGS-graded MS-63, while the CAC-stickered coin that was just auctioned for $900 was PCGS graded MS-62!

6. 1947 Lincoln Cent in MS-67

On June 9, Heritage sold a CAC-approved MS-67 1947 Philadelphia Mint Lincoln cent with a ‘full red’ (“RD”) designation for $2,280. In January 2019, Heritage auctioned a PCGS-graded MS-67 1947 Lincoln cent, also with a ‘full red’ (RD) designation but without a CAC sticker, for $1,140 – exactly half as much as the just mentioned CAC-approved coin. Back in March 2018, Stack’s Bowers auctioned a PCGS-certified ‘MS-67RD’ 1947 cent without a CAC sticker for $1,440, less than two-thirds of the amount that the just-mentioned CAC-stickered ‘MS-67RD’ 1947 cent realized on June 9.

7. 1796 Dime in AU-55

On June 9, GreatCollections sold a CAC-approved AU-55 1796 dime for $18,112.50. Although auction results that are more than three years old are not usually employed for fair comparisons, auction appearances of AU-grade 1796 dimes are infrequent. Furthermore, market levels overall were higher in 2015 than they are in the present.

In March 2016, Heritage auctioned a PCGS-graded AU-58 (higher than AU-55) 1796 dime without a CAC sticker for $15,275, much less than the current auction result for a PCGS-graded AU-55 1796 dime with a CAC sticker. In October 2015, Heritage auctioned a PCGS-graded AU-55 1796 dime without a CAC sticker for $12,925. Back in February 2014, GreatCollections sold a different CAC-approved AU-55 grade 1796 dime for $18,719.80.

8. 1835 Dime in MS-64

On June 9, GreatCollections sold a CAC-approved MS-64 1835 dime for $4,123.12. At the Central States Convention in April 2019, Heritage auctioned a PCGS-graded MS-64 1835 dime without a CAC sticker for $3,360. At the FUN Convention in January 2019, Heritage sold another PCGS-graded MS-64 1835 dime without a CAC sticker for $2,640. Market levels for these have not risen since January. The CAC coin realized a large premium.

9. 1875-S Twenty Cent Piece in MS-64

On June 9, GreatCollections sold a CAC-approved MS-64 grade 1875-S Twenty Cent piece for $1,546.88. In March, Heritage auctioned a PCGS-graded MS-64 1875-S Twenty Cent piece without a CAC sticker for $1,170. On January 31, 2019, at a Long Beach Expo, Heritage auctioned another PCGS-graded MS-64 1875-S Twenty Cent piece, without a CAC sticker, for $1,140, much less than the amount that a CAC-approved 1875-S brought this month in a GreatCollections sale.

10. 1853 Arrows & Rays Quarter in MS-64

On June 9, GreatCollections sold a CAC-approved MS-64 grade 1853 Arrows & Rays quarter for $2,874.28. This result is consistent with the price realized, $2,820, for another CAC-approved MS-64 grade 1853 Arrows & Rays quarter in a Legend auction on January 27, 2019. Non-CAC PCGS-graded MS-64 1853 quarters have been bringing much less than $2,800 in Heritage auctions: $2,280 in early January 2019; $1,920 in November 2018; $2,280 in January 2018, and $2,160 also in January 2018.
 

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