CAC Coins Bring Premiums in May 2019

June 1, 2019

In addition to faring well in Internet sales during the month of May, CAC approved coins outperformed other certified coins in auctions in New Orleans and Baltimore. Here are ten examples which were selected from a large number of results that could have been listed.

  1. On May 5, GreatCollections sold a NGC graded MS-64 1864 ‘Large Motto’ Two Cent piece with a designation that this coin has full original mint red color “RD,” for $757.12. This coin has a sticker of approval from CAC. On March 19, 2019, Heritage sold a PCGS certified “MS-64RD” 1864 ‘Large Motto’ Two Cent piece without a CAC sticker for $408. Back on October 23, 2018, Heritage sold a NGC certified “MS-64RD” 1864 ‘Large Motto’ Two Cent piece without a CAC sticker for this same price, $408. This non-CAC, NGC certified 1864 was in a holder that is extremely similar to the holder that houses the CAC approved coin that GreatCollections sold for $757.12 on May 5. Also, at the end of March 2019, Kagin’s auctioned a PCGS certified MS-64RD 1864 ‘Large Motto’ Two Cent piece, without a CAC sticker for $480.
  2. On May 5, GreatCollections sold a CAC approved MS-65 1920-S Mercury dime, with a ‘Full Bands’ (“FB”) designation for $4050. In August 2018 at an ANA Convention, Stack’s-Bowers auctioned a PCGS graded MS-65 1920-S dime with a ‘Full Bands’ (“FB”) designation but without a CAC sticker for $3120. That non-CAC dime has a rather famous pedigree from the collection of John Whitney Walter. In June 2018, at a Long Beach Expo, Heritage auctioned a PCGS certified MS-65FB 1920-S dime without a CAC sticker “from the Bob Williams Collection,” for $3360. In April 2018, at a CSNS Convention, Heritage sold a different PCGS certified MS-65FB 1920-S dime without a CAC sticker for $3600. The CAC approved ‘MS-65FB’ 1920 dime brought substantially more than the others despite the reality that others were from named collections and/or auctioned at major coin conventions.
  3. There are two PCGS graded MS-67 1855 quarters. Only one has been approved at CAC. On May 5, GreatCollections sold the CAC approved MS-67 1855 for $49,500. The PCGS graded MS-67 1855 quarter without a CAC sticker was auctioned by Heritage in 2016 for $36,425 and in 2015, while in a different holder, for $27,025. This coin was in the Gene Gardner Collection. Market values for Liberty Seated coins have not risen since 2016, so the CAC approved coin realized much more.
  4. On May 5, Great Collections sold a CAC approved MS-66 1908 half dollar for $9853.88. At the Summer FUN Convention in July 2018, Heritage auctioned a PCGS graded MS-66 1908 half dollar without a CAC sticker for $3480. That same non-CAC 1908 half had been auctioned for $4080 in March 2018.
  5. On May 5, GreatCollections sold a NGC graded MS-64 1901 $10 gold coin, with a CAC sticker, for $1181.25. This amount is much greater than the amounts that PCGS graded MS-64 or “MS-64+” 1901 $10 gold coins without CAC stickers, have been realizing in public sales. On April 28, Heritage sold a PCGS graded MS-64 1901 for $960. On March 20, Stack’s-Bowers sold a PCGS graded “MS-64+” 1901 for $930. On March 5 Stack’s-Bowers sold a PCGS graded MS-64 1901 for $900. Prices for these have been trending downward in 2019. The lone CAC approved MS-64 1901 ten sold in 2019 was the most recently sold of all those just mentioned, and it brought significantly more than the non-CAC coins realized when market levels were higher.
  6. On May 16, Legend auctioned a CAC approved MS-67 1921-D Morgan silver dollar for $31,725. This same coin reportedly realized $30,550 in another Legend auction on October 15, 2015. The last non-CAC, PCGS graded MS-67 1921-D Morgan to sell at auction realized $11,750 at the FUN Convention in January 2016. Another PCGS graded MS-67 1921-D Morgan without a CAC sticker was auctioned by Stack’s-Bowers in February 2014 for $22,325.
  7. On May 16, Legend auctioned a CAC approved MS-65 1923-S Peace silver dollar for $6168.75. On March 1, Stack’s-Bowers sold a PCGS graded MS-65 1923-S silver dollar without a CAC sticker for $1320. On February 3, Heritage sold two PCGS graded MS-65 1923-S silver dollars, each without a CAC sticker. The one in a holder that is more than 15 years old realized $2640, while the PCGS graded MS-65 1923-S dollar in a relatively recent holder went for $1440.
  8. On May 16, Legend auctioned a CAC approved MS-65 1925-S Peace silver dollar for $36,425. On February 28, 2019, Stack’s-Bowers auctioned a PCGS graded MS-65 1925-S without a CAC sticker for $24,000. A different PCGS graded MS-65 1925-S Peace dollar without a CAC sticker was auctioned at the ANA convention last August for $18,000.
  9. On May 23, Stack’s-Bowers auctioned a CAC approved MS-61 1893-CC $5 gold coin for $3840. In December 2018, Heritage auctioned a PCGS graded MS-61 1893-CC $5 gold coin without a CAC sticker for $2640. In 2017, Heritage sold non-CAC, PCGS graded MS-61 1893-CC $5 gold coins for $3290 in June and for $2585 in April.
  10. On May 23, Stack’s-Bowers auctioned a CAC approved EF-45 grade 1850-O $20 gold coin for $13,800. On February 28, Stack’s-Bowers auctioned two other PCGS graded EF-45 1850-O $20 gold coins, neither of which had a CAC sticker. One of the non-CAC coins realized $7200. The other was from the same consignment as the just mentioned CAC approved EF-45 grade 1850-O that realized $13,800 on May 23. This non-CAC counterpart that was also from “The Fairmont Collection,” and is similar in color. This non-CAC, PCGS graded EF-45 1850-O sold for $9,000.

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