CAC coins bring premiums in September

During the month of September, CAC-approved coins fared well in live auctions in San Diego and Long Beach, California, in addition to performing in many Internet sales. Here are a dozen examples, which were selected from a large number of results that could have been listed.

1. On September 4, the firm called GreatCollections sold a CAC-approved MS-67 grade 1904-O Morgan silver dollar for $11,000. On July 24, GreatCollections sold an MS-67 1904-O Morgan silver dollar without a CAC sticker for $3,377.25. On May 8, GreatCollections sold a different MS-67 1904-O Morgan silver dollar, also without a CAC sticker, for $2,651.24.
2. On September 8, Legend auctioned a CAC-approved MS-67RD 1919 Lincoln cent for $1,821.25. On May 9, Heritage auctioned an MS-67RD 1919 Lincoln cent without a CAC sticker for $1,116. Both coins were designated as having full original mint red (‘RD’) by PCGS.
3. On September 8, Legend auctioned a CAC-approved MS-65 grade 1856 three-cent silver for $4,112.50. On April 28, 2022, Legend auctioned an MS-65 1856 three-cent silver without a CAC sticker for $1,351.25, less than one-third as much.
4. On September 8, Legend auctioned a CAC-approved MS-66 grade 1918-D Buffalo nickel for $7,343.75. On January 27, 2022, Legend auctioned an MS-66 1918-D Buffalo nickel without a CAC sticker for $5,875.
5. On September 8, Legend auctioned a CAC-approved Proof-67 1902 dime for $5,405. On February 25, 2021, Legend auctioned a Proof-67 1902 dime without a CAC sticker for $2,467.50, less than half as much. Market levels for these were not much different in September 2022 than they were in February 2021.
6. On September 13, Stack’s Bowers sold a CAC-approved MS-64 grade 1928-D Standing Liberty quarter for $456. On April 12, Stack’s Bowers sold two MS-64 1928-D quarters, neither of which had a CAC sticker. They each brought $312.
7. On September 13, Stack’s Bowers sold a CAC-approved AU-58 grade 1854 Type 2 one-dollar gold piece for $1,020. On September 6, Heritage sold an AU-58 1854 Type 2 one-dollar gold piece without a CAC sticker for $780.
8. On September 18, GreatCollections sold a CAC-approved MS-65 grade 1927-S Peace silver dollar for $9,185. On July 15, Heritage auctioned an MS-65 1927-S Peace dollar without a CAC sticker for $3,480.
9. On September 25, GreatCollections sold a CAC-approved MS-68 grade 1925 California commemorative half dollar for $29,700. A week earlier, on September 18, GreatCollections sold an MS-68 1925 California commemorative half dollar without a CAC sticker for $10,536.75.
10. On September 25, GreatCollections sold a CAC-approved MS-65 grade Lewis & Clark commemorative one-dollar gold piece for $8,644.90. On August 14, GreatCollections sold an MS-65 Lewis & Clark commemorative one-dollar gold piece without a CAC sticker for $3,719.25. On April 28, Legend auctioned an MS-65 Lewis & Clark commemorative one-dollar gold piece, without a CAC sticker, for $3,642.50.
11. On September 29, Heritage auctioned a CAC-approved MS-64 grade 1813 $5 gold coin for $69,000. On March 25, 2021, well after the boom in rare date gold coins had begun, Stack’s Bowers auctioned an MS-64+ 1813 $5 gold coin without a CAC sticker for $42,000.
12. On September 29, Heritage auctioned a CAC-approved Proof-62 Gilt 1872 Amazonian $5 gold pattern for $57,600. On November 19, 2020, Heritage auctioned a Proof-62 Gilt 1872 Amazonian $5 gold pattern without a CAC sticker for $21,600. Yes, the values of these have increased since November 2020. Whatever the increase in market value for the non-CAC 1872 Amazonian $5 pattern since November 2020 is reasonably estimated to be, an adjustment could not account for most of the difference between $57,600 and $21,600.

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