The following Q&A is excerpted from Clifford Mishler’s Coins: Questions & Answers: Q: Is collecting any type of coin a good investment? A: No! The hobby collector—be it of coins, back-scratchers, or Bavarian beer mugs—is occasionally persuaded to purchase by impulse or sentiment. Indulging frequent lapses into irrationality is part of the fun of maintaining a hobby. But the strictly … [Read More...]
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 10 examples, among many, that could be listed.
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 an 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 10 years, the highest result for a PCGS or NGC-graded MS-67 1924 nickel without a CAC sticker was $12,925. It was an MS-67 coin in a February 2014 auction.
4. There were two 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 MS-64 1808/7 half dollar without a CAC sticker brought $10,800, less than half the price.
5. A Proof-66 1880 Morgan silver dollar with a CAC sticker realized $11,400. Less than four weeks later on February 3, Heritage auctioned a Proof-66 1880 Morgan silver dollar without a CAC sticker for $5,760. The coin with a CAC sticker brought almost twice as much as the coin without a CAC sticker.
6. There were two 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 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, an 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, an AU-53 1861-D $5 gold coin without a CAC sticker realized $42,314.10. Previously in January 2016 at a FUN Convention, an 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, 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.
10. In this FUN auction event, there were three 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 $5,280, less than half as much as either of the CAC-approved MS-64 1914-S $10 gold coins.