CAC Coins Bring Premiums In May 2024
In addition to faring well in Internet sales during the month of May, CAC approved coins brought impressive prices in a live auction in Dallas County, Texas.
Here are a dozen examples, which were selected from a larger number of results that could have been listed:
1. During the month of May, GreatCollections sold five certified MS-64 grade 1921-D Morgan silver dollars. The three in CACG holders realized $407 on May 5, $451 on May 19, and $453.20 also on May 19. The two in PCGS holders realized $352 and $374, respectively.
2. On May 8, Stack’s Bowers sold a CAC approved MS-64 grade 1911-D half dollar for $1440. On April 9, Heritage sold a PCGS graded MS-64 1911-D half, without a CAC sticker, for $960.
3. On May 9, Heritage auctioned a CACG graded MS-66 1858 Three Cent Silver for $3480. On March 29, Heritage auctioned a PCGS graded MS-66 1858 Three Cent Silver, without a CAC sticker, for $2520.
4. On May 9, Heritage auctioned a CACG certified Proof-66-Cameo 1879 $4 pattern in gold for $324,000. On May 3, Heritage sold an NGC certified Proof-66-Cameo 1879 $4 pattern in gold, without a CAC sticker, for $216,000.
5. On May 10, Heritage auctioned a CACG certified MS-64+ 1915 $5 gold coin for $5040. On Nov. 15, 2023, Stack’s Bowers auctioned a PCGS graded MS-64+ 1915 $5 gold coin, without a CAC sticker, for $3360. Market levels for these were about the same in November 2023 as they were in May 2024.
6. On May 10, in consecutive lots, Heritage auctioned two PCGS graded MS-64 1922-S $20 gold coins. The 1922-S twenty with a CAC sticker realized $18,600, and the one without a sticker realized $7200, well under half as much.
7. On May 12, GreatCollections sold a CACG graded MS-65 1852 Three Cent Silver for $935. On March 19, Heritage sold a PCGS graded MS-65 1852 Three Cent Silver, without a CAC sticker, for $564.
8. On May 12, GreatCollections sold a CACG graded VF-35 (thirty-five) 1822 quarter for $1540. 1822 quarters do not often sell publicly. On June 14, 2023, Stack’s Bowers auctioned a PCGS graded XF-40 1822 quarter, without a CAC sticker, for $1440, less than the just mentioned CACG graded VF-35 (thirty-five) coin realized. Market levels for these were approximately the same in May 2024 as they were in June 2023.
9. On May 12, Heritage auctioned a CACG certified Proof-65 1913 half dollar for $2520. On April 18, 2023, Heritage sold a PCGS certified Proof-65 1913 half dollar, without a CAC sticker, for $1320. Market levels for these were higher during April and May 2023 than they were during April and May 2024.
10. On May 12, Heritage sold a CACG graded AU-55 1843 silver dollar for $1812. These are not auctioned often and prices have remained around the same over the last twelve months. On Dec. 10, 2023, GreatCollections sold two PCGS graded AU-55 1843 silver dollars, neither of which had a CAC sticker, for $1050.50 and $1183.60, respectively. On Dec. 5, 2023, Stack’s Bowers sold an NGC graded AU-55 1843 silver dollar, without a CAC sticker, for $1200.
11. On May 12, GreatCollections sold a CACG graded MS-65 1934 Peace silver dollar for $1633.50. Twelve seconds earlier, at 6:37:48 PM Pacific time, GreatCollections sold a PCGS graded MS-65 1934 Peace dollar, without a CAC sticker, for $781, less than half as much. On March 13, Heritage sold a different PCGS graded MS-65 1934 Peace dollar, without a CAC sticker, for $720.
12. On May 12, GreatCollections sold a CACG graded MS-66 1934 Peace silver dollar for $4675. On May 5, GreatCollections sold a PCGS graded MS-66 1934 Peace dollar, without a CAC sticker, for $3025.
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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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