CAC Coins Bring Premiums in September

//CAC Coins Bring Premiums in September

CAC Coins Bring Premiums in September

1911-S CAC $10 Eagle  CAC Coins Bring Premiums in September 1911 s cac 10 dollar 231x300

CAC-approved coins – certified coins with a special label from Certified Acceptance Corporation indicating coins of higher quality than normal for their labeled grade – outperformed other certified coins in auctions in California and Internet sales during September. Here are 10 examples, which were selected from a large number of results that could have been listed.

  • On September 3, in Los Angeles, the Goldbergs auctioned a CAC-approved MS66 grade 1955-D quarter for $168. Certified MS66 1955-D quarters that did not have stickers of approval from CAC were sold in May 2018, by DLRC for $90 and by Heritage for $89. These three 1955-D quarters were encapsulated by the same grading service, and each non-CAC 1955-D brought more than 45% less than the just mentioned CAC approved MS66 1955-D quarter.
  • On September 3, in Los Angeles, the Goldbergs auctioned a CAC-approved, NGC-graded MS63 1854 half dollar for $1,440. Although a non-CAC MS63 1854 half has not recently been in a major auction, Heritage auctioned three without CAC stickers in 2016, a PCGS-graded MS63 coin in October for $940, an NGC-graded MS63 1854 half in April also for $940, and a PCGS-graded MS63 1854 in January for $1,410.
  • On September 3, the Goldbergs auctioned a CAC-approved, NGC-graded MS63 1861 $20 gold coin for $21,000. A few days later, at the Long Beach Expo, Heritage auctioned a PCGS-graded MS63 1861 $20 gold coin, which was not CAC approved, for $16,000, 23.8% less.
  • A CAC-approved 1901 Indian cent that is certified as MS66 Red brought $1,560 on September 6 in the Heritage auction at the Long Beach Expo. At the ANA Convention in August two different auction firms sold certified MS66 Red 1901 Indian cents, for $780 and $1,020, respectively. Neither of these had a green sticker of approval from CAC. Also, at the prior Long Beach Expo, in the middle of June 2018, another non-CAC, certified MS66 Red 1901 cent was auctioned for $720. The CAC-approved 1901 clearly brought far more than others with the same certification from the same grading service. This $1,560 result on September 6 was not strangely high, as the very same CAC-approved 1901 cent in the same holder had been auctioned for significantly more in the past, $2,300 in January 2008.
  • On September 6, Heritage auctioned an NGC-certified Proof-65 1895 silver dollar with a CAC sticker for $87,000. In January 2018, at the FUN Convention, the same firm auctioned a PCGS-certified PR65 silver dollar, without a CAC sticker, for $66,000. Also, in July at the Summer FUN Convention, Heritage auctioned a non-CAC PR65 1895 dollar with a Cameo designation for $78,000.
  • At the September Long Beach Expo, Heritage auctioned two certified PR66 Red & Brown 1866 two cent pieces, which were encapsulated by the same grading service. The 1866 that was CAC approved realized $3,360 on September 6, and the 1866 without a sticker brought just $1,920 on September 7.
  • At the Long Each Expo, Heritage auctioned three certified MS65 1878-CC Morgan dollars in consecutive lots on September 7. The NGC-graded MS65 1878-CC had a CAC sticker and brought $1,440. The two PCGS graded MS65 1878-CC Morgans were not CAC approved and each brought just $1,080, 25% less.
  • On September 9, Heritage auctioned a NGC graded MS64 1860 three cent silver, with a CAC sticker, for $540. Earlier this year, in March, the same firm auctioned a PCGS MS64 1860 three cent silver, without a CAC sticker, for $408.
  • On September 9, GreatCollections sold a CAC-approved, MS63 grade 1914-D $2-1/2 gold coin for $1,299.38. Literally the same day, Heritage sold two that were not CAC approved, one MS63 1914-D brought $720 and the second realized $780. On August 22, Stack’s-Bowers sold a certified MS63 1914-D, without a CAC sticker, for $840.
  • On September 23, GreatCollections sold a CAC-approved MS62 No Motto 1907 $10 gold coin for $1,434.38. On September 3, the Goldbergs auctioned another MS62 No Motto 1907 $10 gold coin for $1,140, without a CAC sticker. The MS62 No Motto 1907 that Heritage sold on September 7 for $1,020 also did not have a CAC sticker. All three were certified by the same grading service. The CAC approved coin brought substantially more than the other two during the same month in the same state.
By |2018-10-05T22:24:40+00:00October 5th, 2018|Blog|Comments Off on CAC Coins Bring Premiums in September

About the Author: