CAC coins bring premiums in September 2019

CAC-approved coins outperformed other certified coins in the official auction at the Long Beach Expo in Los Angeles County, and in various public Internet sales during the month of September. Here are 10 examples, which were selected from a large number of results that could have been listed.

1. In the official auction of the Long Beach Expo during early September, Heritage sold a CAC-approved MS-64 grade 1876-CC 20-cent piece for $456,000. In August, Stack’s Bowers auctioned an MS-65 1876-CC 20-cent piece without a CAC sticker for this same amount, $456,000. A CAC-approved MS-64 grade, famous rarity thus brought the same amount as a non-CAC MS-65 grade 1876-CC 20-cent piece that was struck from the same pair of dies at a U.S. Mint in Carson City, Nevada.

2. On September 5 at the Long Beach Expo, Heritage auctioned a CAC-approved MS-66 grade 1916-D Mercury dime with a Full Bands (FB) designation for $66,000. Heritage auctioned an MS-66 Full Bands 1916-D dimes without stickers of approval from CAC for $36,000 at a CSNS Convention in April and for $45,600 at the FUN Convention in January 2019.

3. On September 5, Heritage auctioned a CAC-approved MS-65 grade 1880-O Morgan silver dollar for $21,600. These are not often auctioned. Back in July 2018, Heritage sold an MS-65 1880-O Morgan without a CAC sticker for $12,000, and the firm of David Lawrence sold a different MS-65 1880-O Morgan without a CAC sticker for $14,000.

4. On September 5, Heritage auctioned an MS-63 1907 High Relief $20 gold coin with a CAC sticker for $21,600, and an MS-63 1907 High Relief $20 gold coin with a CAC sticker for $20,400. In July 2019, Heritage auctioned a different MS-63 1907 High Relief $20 gold coin with a CAC sticker for $22,200. The prices realized for these three CAC-approved coins should be compared to prices realized for two MS-63 1907 High Relief $20 gold coins without CAC stickers, $18,000 at a Heritage auction in April, and $16,800 in the official auction at the Long Beach Expo in June 2019. All five High Relief Saints that were just mentioned are of the “Wire Edge” variety, which is often referred to as a “Wire Rim.”

5. On September 5, Heritage auctioned an MS-65 1924-D Standing Liberty quarter with a Full Head (FH) designation and a CAC sticker for $8,700. In August 2019, at an ANA Convention, Heritage auctioned an MS-65 Full Head (FH) 1924-D without a CAC sticker for $2,880.

6. On September 5, Heritage auctioned a CAC-approved MS-68 grade 1882-S Morgan silver dollar for $6,900. In January 2019, in the FUN Convention auction, Heritage sold two MS-68 1882-S Morgans, neither of which had a CAC sticker. Each of these non-CAC 1882-S Morgans realized $4,560. Back in October 2018, Stack’s Bowers auctioned an MS-68 1882-S Morgan dollar without a CAC sticker, for $4,800.

7. On September 5, Heritage auctioned a CAC-approved MS-66 1926 $20 gold coin for $6,600 at a Long Beach Expo. The next day, on September 6, Heritage sold an MS-66 1926 $20 gold coin without a CAC sticker for $3,600, 45% less!

8. On September 22, the firm of GreatCollections sold a CAC-approved MS-66 grade 1916 Mercury dime with a Full Bands (FB) designation for $596.25. On August 14, 2019, Heritage sold an MS-66 1916 Mercury dime, also with a Full Bands (FB) designation but without a CAC sticker for $324. Both coins were in PCGS blue-label holders from the same era. On February 6, 2019, Heritage sold a different MS-66 FB 1916 Mercury dime without a CAC sticker for $228.

9. On September 22, GreatCollections sold a CAC-approved EF-45 grade 1875 20-cent piece for $489.38. On May 8, 2019, Heritage sold two EF-45 1875 20-cent pieces without CAC stickers for $348 and $384, respectively.

10. On September 22, GreatCollections sold a CAC-approved MS-67 grade 1947 Walking Liberty half dollar for $4,520.25. On August 28, Heritage sold two MS-67 1947 Walkers without CAC stickers for $840 and $960, respectively. At the end of April 2019, Heritage sold two other MS-67 1947 Walking Liberty halves, without CAC stickers for $840 and $2,430.

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