CAC coins bring premiums in August

During the month of August, CAC-approved coins fared well in live auctions in Dallas, Texas, and Costa Mesa, California, in addition to performing in many Internet sales. Here are a dozen examples that were selected from a larger number of results that could have been listed.

1. On August 21, the firm called GreatCollections sold a CAC-approved MS-64 grade 1907 Indian Head, No Motto $10 gold coin for $5,390. On August 7, GreatCollections sold an MS-64 1907 Indian Head, No Motto $10 gold coin without a CAC sticker for $3,825.
2. On August 23, Stack’s Bowers auctioned a CAC-approved AU-55 grade 1845-D $5 gold coin for $8,100. These are not auctioned very often. On January 22, 2021, Heritage auctioned an AU-55 1845-D without a CAC sticker for $3,960. Although market levels for these increased during some periods between January 2021 and August 2022, such increases probably do not entirely account for the fact that a CAC-approved AU-55 grade 1845-D brought more than twice as much as a non-CAC AU-55 1845-D five.
3. On August 24, Heritage auctioned a CAC-approved MS-62 grade 1870-CC silver dollar for $72,000. On April 5, Stack’s Bowers auctioned an MS-62 1870-CC silver dollar, without a CAC sticker for $28,800
4. On August 24, Heritage auctioned a CAC-approved MS-64 grade 1893-CC Morgan silver dollar for $24,010.80. On June 14, Stack’s Bowers auctioned an MS-64 1893-CC Morgan without a CAC sticker for $17,400. On May 29, the firm of David Lawrence sold a different MS-64 1893-CC Morgan without a CAC sticker for $16,005.
5. On August 25, Stack’s Bowers auctioned a CAC-approved MS-63 grade 1853-C one-dollar gold piece for $18,000. On February 23, 2021, Heritage auctioned the Simpson Collection, MS-63 1853-C one-dollar gold piece, which did not have a CAC sticker, for $13,200. Yes, it is true that market levels for these increased from February 2021 to August 2022. This increase in market levels, however, could not account for the entire difference between $18,000 and $13,200.
6. On August 25, Stack’s Bowers auctioned a CAC-approved MS-61 grade 1844-D $5 gold coin for $13,200. On March 21, Heritage sold an MS-61 1844-D $5 coin without a CAC sticker for $6,900. These two coins were struck from the same pair of dies, referenced as Winter 11-G. The CAC approved 1844-D brought much more.
7. On August 25, Stack’s Bowers auctioned a CAC-approved MS-65 grade 1908 ‘With Motto’ $10 gold coin for $22,800. It is relevant that, on July 14, Heritage auctioned a different CAC-approved MS-65 grade 1908 ‘With Motto’ $10 gold coin for $16,800. CAC premiums vary, but Stack’s Bowers auctioned an MS-66 1908 ‘With Motto’ $10 gold coin, without a CAC sticker for $11,400 on June 15. On May 6, Heritage auctioned an MS-65 1908 ‘With Motto’ $10 gold coin without a CAC sticker for $7,200. CAC-approved MS-65 1908 ‘With Motto’ tens have been bringing much more than non-CAC MS-65 or even MS-66 1908 ‘With Motto’ tens.
8. On August 26, Heritage auctioned a CAC-approved MS-65 grade 1915 $10 gold coin for $15,600. On July 15, Heritage auctioned an MS-65 1915 $10 gold coin without a CAC sticker for $5,760.
9. On August 26, Heritage auctioned a CAC-approved MS-66 1914-D $20 gold coin for $36,000. On May 26, Heritage auctioned two MS-66 1914-D $20 gold coins, neither of which had a CAC sticker, for $13,200 and $9300, respectively.
10. On August 27, Stack’s Bowers auctioned a CAC-approved MS-67 grade 1884-CC Morgan silver dollar for $7,200. On August 1, Heritage sold an MS-67 1884-CC Morgan dollar without a CAC sticker for $3,840.
11. On August 28, GreatCollections sold a CAC-approved Proof-65 1916 Lincoln cent with a ‘full red’ (RD) designation for $13,750. Four seconds later, at 4:16:20 P.M. PT, GreatCollections sold a Proof-65RD 1916 Lincoln without a CAC sticker for $7,095.
12. On August 28, GreatCollections sold a CAC-approved MS-65 grade 1885 Liberty Head nickel for $9,625. On August 14, GreatCollections sold an MS-65 1885 nickel without a CAC sticker for $7,768.20.

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