CAC coins bring premiums in August

CAC-approved coins outperformed other certified coins in the Heritage and Stack’s-Bowers auctions at the ANA Convention in Philadelphia. Also, CAC coins continued to bring substantial premiums in Internet sales by GreatCollections. Here are 10 examples, which were selected from a large number of results that could have been listed.

1. On August 12, GreatCollections sold a CAC-approved MS-64 grade 1857 Flying Eagle cent for $1,649. This same firm sold certified MS-64 1856 Flying Eagle cents, without CAC stickers, for $1,056 on March 25, 2018, for $1,132 on November 5, 2017, and for $1,031 on August 6, 2017.
   

   1937-D Buffalo nickel MS-67 CAC. Photo credit: GreatCollections.

2. On August 12, GreatCollections sold a CAC-approved MS-67 1937-D Buffalo nickel for $703. Recently, this same firm sold non-CAC, certified MS-67 1937-D Buffalo nickels that were bid up to levels much lower than $703: $420 on July 22, $405 on July 1, $356 on June 10, and $405 on May 27, 2018.

3. On August 14, Heritage auctioned a CAC-approved MS-66 grade 1927-D quarter with a Full Head designation for $13,200. In January 2017, this same firm auctioned another CAC approved MS-66 Full Head 1927-D quarter, which realized $9,693.75. In contrast, in June 2018, Heritage auctioned a certified Full Head 1927-D quarter, without a CAC sticker, for $4,320, much less than half as much as the prices realized for either of the cited CAC-approved coins. Also in August 2018, another auction firm sold a non-CAC, certified MS-66 Full Head 1927-D quarter for $3,840.

4. On August 14, Heritage auctioned a CAC-approved MS-66 grade 1915-S $20 gold coin for $9,900. Earlier this year, the same firm sold two certified MS-66 grade 1915-S $20 gold coins, each without a CAC sticker, for $5,040 in June and $4,560 in January, respectively. A different auction firm sold a non-CAC, certified MS-66 grade 1915-S $20 gold coin for $3,720 in November 2017.

5. On August 15, Stack’s Bowers auctioned a CAC-approved, MS-64 1886-O silver dollar for $10,800. Two days later, this same firm sold a non-CAC MS-64 1886-O silver dollar, which was certified by the same grading service, for $6,600. The results for this duo parallel the sale of two other 1886-O silver dollars that were graded MS-64 by the same grading service in the Heritage auction at the Summer FUN Convention in July 2018. A CAC-approved MS-64 1886-O then sold for $10,200 and a non-CAC MS-64 1886-O then brought $6,021.60.

6. On August 15, at the ANA Convention in Philadelphia, Stack’s Bowers auctioned two 1857-O $20 gold coins, in consecutive lots. The first was graded AU-50 by the leading service and it sold for $13,200. The second brought $15,600, was graded EF-45 by the same grading service, and had a green sticker of approval from CAC. So, the certified EF-45 coin, with a CAC sticker, brought more than the certified AU-50 1857-O, which was graded by the same service yet did not have a CAC sticker, $15,600 versus $13,200.

7. On August 17, at the ANA Convention in Philadelphia, Stack’s Bowers auctioned a CAC-approved, 1917 (Type One) MS-67 Full Head Standing Liberty quarter, for $5,760. All the 1917 quarters mentioned here are of the first type and are certified as MS-67 with a Full Head designation by the same grading service.

Three days earlier at the same convention, on August 14, Heritage auctioned one such quarter without a CAC sticker for $2,040. In April 2018, DLRC sold one with the same certification, also without a CAC sticker, for $2,540.

In January 2018, Heritage auctioned another CAC-approved 1917 quarter for $13,200! In August 2016, Heritage sold another without a CAC sticker for $2,585.

8. On August 17, at the ANA Convention in Philadelphia, Stack’s Bowers auctioned a CAC-approved MS-64 grade 1914-S $10 gold coin for $19,800. On April 29, Heritage auctioned a 1914-S $10 gold that was graded MS-64 by the same service though was not approved at CAC. This non-CAC coin brought $5,520 in 2018, though a year earlier, that exact same 1914-S $10 coin was sold by Heritage for $7,050.

9. On August 17, at the ANA Convention in Philadelphia, Stack’s Bowers auctioned a CAC-approved MS-63 1893-CC silver dollar for $7,800. The day before, at the same convention, Heritage auctioned six 1893-CC dollars that were certified as grading MS-63. Only one of the six had a CAC sticker and it brought $7,200. Of the five non-CAC, certified MS-63 1893-CC dollars that Heritage auctioned on August 16, three realized the exact same price: $5,520. The other two brought $5,640 and $6,600, respectively.

On July 18, DLRC sold a CAC-approved MS-63 1893-CC for $8,000. On July 12, Heritage auctioned a certified MS-63 1893-CC, without a CAC sticker, for $6,000. It seems clear that the CAC MS-63 1893-CC Morgans have been bringing prices that are significantly higher than those realized by non-CAC MS-63 1893-CC Morgans.

10. On August 19, GreatCollections sold a CAC-approved, MS-65 1923-D $20 gold coin for $2,700. Earlier, GreatCollections sold a non-CAC, certified MS-65 1923-D for $1,807 on April 29, and another without a CAC sticker for $1,744 on January 28, 2018.

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