CAC Coins Bring Premiums at FUN Auction in Orlando (January 2019)

February 1, 2019

The official auction of the FUN Convention was conducted by Heritage during the middle of January at the Orange County Convention Center in Orlando, Florida. CAC-approved coins brought substantial premiums over coins of the same date, type and certified grade sold at the auction or previously. Here are ten examples among many that could be listed.

  1. A CAC-approved AU-50 1793 half cent was auctioned for $37,200. A few minutes later, a PCGS-graded AU-50 1793 half cent without a CAC sticker sold for $20,400.
  2. A CAC-approved AU-53 1793 Chain cent of the AMERICA – No Periods variety realized $102,000. In June 2017, another major auction firm sold a PCGS-graded AU-53 1793 Chain cent of the AMERICA – No Periods variety without a CAC sticker for $79,312.50.
  3. A CAC-approved MS-67 1924 Buffalo nickel realized $25,200. This could possibly be an auction record for a 1924 nickel. During the last ten years, the highest result for a PCGS or NGC-graded MS-67 1924 nickel without a CAC sticker was $12,925. It was a PCGS-graded MS-67 coin in a February 2014 auction.
  4. There were two PCGS-graded MS-64 1808/7 half dollars in this FUN auction. They were both struck from the same pair of dies. The CAC-approved 1808/7 half dollar realized $22,800 seconds after the PCGS-graded MS-64 1808/7 half dollar without a CAC sticker brought $10,800, less than half the price.
  5. An NGC-certified Proof-66 1880 Morgan silver dollar with a CAC sticker realized $11,400. Less than four weeks later on February 3, Heritage auctioned a PCGS-certified Proof-66 1880 Morgan silver dollar without a CAC sticker for $5760. The NGC-certified coin with a CAC sticker brought almost twice as much as the PCGS-certified coin without a CAC sticker.
  6. There were two PCGS-graded MS-62 1884-S Morgan silver dollars in this FUN auction in consecutive lots. The CAC-approved MS-62 1884-S Morgan silver dollar brought $21,600 moments after the PCGS-graded MS-62 1884-S Morgan silver dollar without a CAC sticker realized $16,200.
  7. A CAC-approved MS-66 1887-O Morgan silver dollar was auctioned for $43,200. In February 2018 in an auction at a Long Beach Expo, a PCGS-graded MS-66 1887-O Morgan silver dollar without a CAC sticker brought $28,800, much less than the CAC-approved coin.
  8. A CAC-approved AU-53 1861-D $5 gold coin realized $60,000. At the ANA Convention in August 2016, a PCGS-graded AU-53 1861-D $5 gold coin without a CAC sticker realized $42,314.10. Previously in January 2016 at a FUN Convention, a PCGS-graded AU-55 1861-D $5 gold without a CAC sticker went for $54,050. This year, a CAC-approved AU-53 1861-D $5 gold coin brought more than a non-CAC, PCGS-graded AU-55 (which is notably higher than AU-53) 1861-D $5 gold coin did three years ago. 1861-D $5 gold coins are not auctioned very often.
  9. A CAC-approved AU-55 1804 $10 gold coin with a crosslet 4 brought $90,000. Last February at a Long Beach Expo, a PCGS-graded AU-55 1804 $10 gold crosslet 4 without a CAC sticker was auctioned for $50,400.
  10. In this FUN auction event, there were three PCGS-graded MS-64 1914-S $10 gold coins. Two of the three were CAC-approved. These realized $13,200 and $12,000, respectively. The one that did not have a CAC sticker sold for $5280, less than half as much as either of the
    CAC-approved MS-64 1914-S $10 gold coins.
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