CAC coins bring premiums in September

CAC-approved coins outperformed other certified coins in auctions in California and Internet sales during September. Here are 10 examples which were selected from a large number of results that could have been listed.

1. On September 3, in Los Angeles, the Goldbergs auctioned a CAC-approved MS-66 grade 1955-D quarter for $168. Certified MS-66 1955-D quarters that did not have stickers of approval from CAC were sold in May 2018, by DLRC for $90 and by Heritage for $89. These three 1955-D quarters were encapsulated by the same grading service, and each non-CAC 1955-D brought more than 45% less than the just mentioned CAC approved MS-66 1955-D quarter.

2. On September 3, in Los Angeles, the Goldbergs auctioned a CAC-approved, MS-63 1854 half dollar for $1,440. Although a non-CAC MS-63 1854 half has not recently been in a major auction, Heritage auctioned three without CAC stickers in 2016: An MS-63 coin in October for $940, an MS-63 1854 half in April also for $940, and an MS-63 1854 in January for $1410.

3. On September 3, the Goldbergs auctioned a CAC-approved, MS-63 1861 $20 gold coin for $21,000. A few days later, at the Long Beach Expo, Heritage auctioned an MS-63 1861 $20 gold coin, which was not CAC approved, for $16,000, 23.8% less.

4. A CAC-approved 1901 Indian cent that is certified as “MS-66 Red” brought $1,560 on September 6 in the Heritage auction at the Long Beach Expo. At the ANA Convention in August, two different auction firms sold certified MS-66 Red 1901 Indian cents, for $780 and $1,020, respectively. Neither of these had a green sticker of approval from CAC. Also, at the prior Long Beach Expo, in the middle of June 2018, another non-CAC, certified MS-66 Red 1901 cent was auctioned for $720. The CAC-approved 1901 clearly brought far more than others with the same certification from the same grading service. This $1,560 result on September 6 was not strangely high, as the very same CAC-approved 1901 cent in the same holder had been auctioned for significantly more in the past, $2,300 in January 2008.

5. On September 6, Heritage auctioned a Proof-65 1895 silver dollar with a CAC sticker for $87,000. In January 2018, at the FUN Convention, the same firm auctioned a Proof-65 silver dollar, without a CAC sticker, for $66,000. Also, in July at the Summer FUN Convention, Heritage auctioned a non-CAC Proof-65 1895 dollar with a Cameo designation for $78,000.

6. At the September Long Beach Expo, Heritage auctioned two certified Proof-66 Red & Brown 1866 two-cent pieces, which were encapsulated by the same grading service. The 1866 that was CAC-approved realized $3,360 on September 6, and the 1866 without a sticker brought just $1,920 on September 7.

7. At the Long Beach Expo, Heritage auctioned three certified MS-65 1878-CC Morgan dollars in consecutive lots on September 7. The MS-65 1878-CC had a CAC sticker and brought $1,440. The two MS-65 1878-CC Morgans were not CAC approved and each brought just $1,080, 25% less.

8. On September 9, Heritage auctioned an MS-64 1860 silver three-cent, with a CAC sticker, for $540. Earlier this year, in March, the same firm auctioned an MS-64 1860 silver three-cent, without a CAC sticker, for $408.

9. On Sept. 9, GreatCollections sold a CAC-approved, MS-63 grade 1914-D $2.5 gold coin for $1,299.38. Literally the same day, Heritage sold two that were not CAC approved, one MS-63 1914-D brought $720 and the second realized $780. On August 22, Stack’s Bowers sold a certified MS-63 1914-D, without a CAC sticker, for $840.

10. On September 23, GreatCollections sold a CAC-approved MS-62 No Motto 1907 $10 gold coin for $1,434.38. On September 3, the Goldbergs auctioned another MS-62 No Motto 1907 $10 gold coin for $1,140, without a CAC sticker. The  MS-62 No Motto 1907 that Heritage sold on September 7 for $1,020 also did not have a CAC sticker. All three were certified by the same grading service. The CAC-approved coin brought substantially more than the other two during the same month in the same state.

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