CAC-approved coins outperformed other certified coins in a live auction in Beverly Hills and in Internet sales during December. Here are 10 examples which were selected from a large number of results that could have been listed.
1. On December 2, GreatCollections sold a CAC-approved AU-58 1832 half dollar for $677.25. On November 14, Heritage sold an AU-58 1832 half dollar without a CAC sticker for $516. On November 11, however, Heritage sold eleven AU-58 1832 Small Letters half dollars. Eight of those without CAC stickers realized prices ranging from $408 to $552. The three that were CAC approved sold for $552, $720, and $1560, respectively. On average, the prices for
2. On December 2, GreatCollections sold a CAC-approved MS-66 1936-S Walking Liberty
3. On December 2, Great Collections sold a CAC-approved MS-67 1944 Walking Liberty
4. On December 9, GreatCollections sold an MS-66 1934-D dime with a CAC sticker for $258.75. On July 22, GreatCollections sold an MS-66 1934-D dime without a CAC sticker for $103.50. On July 4, Heritage similarly sold an MS-66 1934-D dime without a CAC sticker for $104.
5. On December 13 in the same Heritage auction in Beverly Hills, there were two MS-66 1858 Large Letters Flying Eagle cents. The CAC-stickered coin realized $11,400 just seconds after the coin without a CAC sticker brought $6,300.
6. On December 13, Heritage sold two Proof 67 1916 Buffalo nickels in consecutive lots. The nickel with a CAC sticker realized $9,000, more than twice as much as the nickel without a CAC sticker that brought $4,320.
7. On December 13, Heritage auctioned a CAC-approved MS-65 1919-D Buffalo nickel for $7,800. Heritage auctioned non-CAC, MS-65 1919-D nickels for $3,840 on September 9 and for $3,360 on June 17. The coins without CAC stickers each brought less than half as much as the just-auctioned, CAC-approved MS-65 1919-D nickel.
8. On December 13, Heritage auctioned a CAC-approved Proof 67 1936 half dollar for $7,500. On October 24, Stack’s Bowers sold a Proof 67 1936 half dollar without a CAC sticker for $5,160.
9. On December 13 in Beverly Hills, Heritage auctioned a CAC-approved MS-63 1879 $3 gold coin for $6,600. On September 27, Legend sold an MS-63 1879 $3 gold coin without a CAC sticker for $4,582.50. On June 21, Stack’s Bowers sold an MS-63 1879 $3 gold coin without a CAC sticker for $4,800.
10. On December 16, GreatCollections sold a CAC-approved MS-67 1936-D quarter for $5,062.50. On September 9, Heritage auctioned an MS-67 1936-D quarter without a CAC sticker for $3,120. Earlier on February 26, Heritage sold another MS-67 1936-D quarter without a CAC sticker for $2,600.40.
It now seems it’s buy the sticker not the coin. Why do we need CAC to re-verify what the so called experts at PCGS & NGC should do to in the first place to give collectors with inadequate grading skills some level of protection against dealers who flagrantly over-grade coins. I have seen many CAC coins with weak strikes, heavy contact marks, subdued luster, and poor eye appeal. Sellers of these coins love CAC stickers because their profits are enormous. As a collector I will NEVER pay a premium on a CAC coin. It seems it’s just another way to inflate the prices for these coins. The only defense against this practice is to BUY THE BOOK, learn how to grade coins yourself using the ANA GRADING STANDARDS, and stop relying on ANY other service or individual to do it for you.