CAC Coins Bring Premiums In June
In addition to faring well in Internet sales during the month of June, CAC approved coins brought impressive prices in live auctions in Dallas County, Texas and Orange County, California.
Here are ten examples, which were selected from a larger number of results that could have been listed.
1. On June 2, David Lawrence Rare Coins sold a CACG graded AU-55 1808 $5 gold coin for $16,250. On June 16, GreatCollections sold a PCGS graded AU-55 1808 $5 gold coin for $10,663.88. On April 14, GreatCollections sold a PCGS graded AU-58 (fifty-eight) 1808 $5 gold coin for $10,780.
2. On June 9, GreatCollections sold a CACG certified Proof-68 1942 quarter for $3575. These do not sell very often. On July 30, 2023, GreatCollections sold a PCGS certified Proof-68 1942 quarter, without a CAC sticker, for $2921.60. Market levels for these were higher in July 2023 than they were in June 2024.
3. On June 13, Heritage auctioned a CAC approved MS-67 grade 1897-S Morgan silver dollar for $10,800. On Feb. 9, Heritage auctioned a PCGS graded MS-67 1897-S Morgan silver dollar, without a CAC sticker, for $7800.
4. On June 13, Heritage auctioned a CAC approved MS-66 grade 1934-S Peace silver dollar for $38,400. These do not trade often. On Jan. 14, 2022, Heritage sold a PCGS graded MS-66 1934-S Peace dollar, without a CAC sticker, for $26,400. Market levels for these were not higher in June 2024 than they were in January 2022.
5. On June 14, Heritage auctioned a CAC approved MS-65 grade 1913 $2.5 gold coin for $12,600. On June 18, Stack’s Bowers auctioned a PCGS graded MS-65 1913 $2.5 gold coin, without a CAC sticker, for $6000, less than half as much.
6. On June 16, GreatCollections sold a CACG graded MS-67 1936 York County, Maine, commemorative half dollar for $533.50. On June 9, GreatCollections sold two non-CAC, PCGS graded MS-67 1936 York County, Maine, commemorative half dollars for $255.20 and $298.10, respectively. On June 26, Stack’s Bowers sold a PCGS graded MS-67 1936 York County, Maine, commemorative half dollar, without a CAC sticker, for $264.
7. On June 18, Stack’s Bowers auctioned a CAC approved MS-64 grade 1893-O silver dollar for $30,000. This was not a fluke. Other CAC approved MS-64 grade 1893-O Morgans have brought more than $25,000 at auction. On May 7, 2023, Heritage sold another with a CAC sticker for $27,600. On Jan. 14, 2024, Heritage auctioned a PCGS graded MS-64 1893-O, without a CAC sticker, for $13,380. On August 23, 2022, Stack’s Bowers auctioned a PCGS graded MS-64 1893-O, without a CAC sticker, for $13,200.
8. On June 18, Stack’s Bowers auctioned a CAC approved, NGC graded MS-65 1912 $2.5 gold coin for $19,200. Five days earlier, on June 13, Heritage auctioned a PCGS graded MS-65 1912 $2.5 gold coin, without a CAC sticker, for $7800.
9. On June 18, Stack’s Bowers auctioned a CAC approved MS-61 grade 1852-O $20 gold coin for $63,000. On March 26, Stack’s Bowers auctioned a PCGS graded MS-61 1852-O $20 gold coin, without a CAC sticker, for $33,600, barely more than half as much.
10. On June 23, GreatCollections sold a CACG graded AU-53 1856-S $5 gold coin for $3025. On June 19, Stack’s Bowers sold a PCGS graded AU-53 1856-S $5 gold coin, without a CAC sticker, for $2040. On June 9, GreatCollections sold an NGC graded AU-53 1856-S $20 gold coin, without a CAC sticker, for $1447.66.
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Source: CAC Grading
CAC was formed in 2007 by John Albanese, a respected authority on coin grading and the rare coin market, along with twenty-two leading members of the numismatic community. Because certified coins of the same grade can be of varying quality, CAC’s mission was to advocate for the hobbyist by establishing an extremely stringent standard of grading. As a verifier of previously certified coins, CAC only recognizes coins that meet the highest standard with the now famous green sticker. Out of all the coins submitted to CAC, less than half receive the honorable CAC sticker. As a result, the CAC sticker serves as an unmistakable means of identifying premium coins for the grade.
In 2022, John Albanese assembled over one hundred and fifty leading members of the numismatic community with a purpose to reclaim accuracy and consistency in grading. After all, why merely sticker a previously certified coin when the same stringent standards can be applied within the context of a grading service? Thus, CAC Grading was born! The only difference now is the grade assigned to a coin is a true representation of that coin. Boasting a team of world-class graders including Ron Drzewucki, John Butler, among others, CAC is committed to applying an unparalleled level of expertise to every submitted coin. As a result, hobbyists can have total confidence in a coin certified by CAC.
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