Licensed Coin Marketplace: CAC Coins Bring Premiums in October

CAC-approved coins tended to outperform other licensed coins in a in a Stack’s Bowers auction in Baltimore, and in web sales by GreatCollections. Here are 10 examples selected from a great deal of outcomes that could have been noted.1.

1924 Saint Gaudens $20 in MS-66

On October 7, David Lawrence Rare Coins offered a CAC-approved MS-66 1924 Saint Gaudens $20 gold coin for $3,850. Another CAC-approved MS-66 1924 Saint was auctioned by Stack’s Bowers on October 25 for $3,600. Non-CAC, PCGS-graded MS-66 1924 $20 gold coins tend to cost half as much. On September 16 and again on October 28, sold PCGS-graded MS-66 1924 Saints, which were not CAC authorized, for $1,870 each. On September 26, Stack’s Bowers offered a non-CAC, PCGS-graded MS-66 1924 Saint for $1,920.

1923 Saint Gaudens $20 in MS-65

2. 1923 Saint Gaudens $20 in MS-65 On October 11, a CAC-approved, NGC-graded MS-65 1923 Saint Gaudens$20 gold coin was auctioned for$7,320. In August 2018, Heritage auctioned a PCGS-graded MS-65 1923 Saint without a CAC sticker label for $3,120. In June 2018, Heritage auctioned another for the very same price and Stack’s Bowers offered a PCGS graded MS-65 1923 $20 gold coin without a CAC sticker for $3,000 in Baltimore.

3. 1831 Small Letters quarter in MS-64

On October 11, Heritage auctioned a CAC-approved MS-64 1831 Small Letters quarter for $6,600. In December 2017, Heritage and Legend each auctioned a PCGS-graded MS-64 1831 Small Letters quarter without a CAC sticker for $4,080 and $4,700, respectively.

1887 Gold $1 MS67 CAC NGC

4. 1887$1 gold in MS-67 On October 12, Heritage auctioned a CAC-approved, NGC-graded MS-67 1887 $1 gold piece for$4,560. In August 2018 at an ANA Convention, Stack’s Bowers auctioned a PCGS-graded MS-67 1887 $1 gold piece without a CAC sticker label for $2,160, less than half the cost of the CAC-Stickered coin. During June 2016 in Baltimore, Stack’s Bowers auctioned another non-CAC, PCGS-graded MS-67 1887 $1 gold piece, which realized $2,880. In January 2018, Heritage auctioned a various non-CAC, PCGS-graded MS-67 1887 $1 gold piece for $2,280.5.

1913 Quarter Eagle in MS-65

On October 12, Heritage auctioned a CAC-approved, NGC-graded MS-65 1913 $2 1/2 gold coin for $6,300. About a month previously at a Long Beach Expo, Heritage auctioned a PCGS-graded MS-65 1913 $2 1/2 gold coin without a CAC sticker for $3,840. Back in March, Legend auctioned a PCGS-graded MS-65 1913 $2 1/2 gold coin without a CAC sticker for $3,740.6.

1914-D Saint Gaudens $20 in MS-65

On October 12, Heritage auctioned two qualified MS-65 1914-D Saint Gaudens $20 gold coins in consecutive lots. The NGC-graded coin with a CAC sticker realized $3360, while the PCGS-graded 1914-D brought a lower rate of $2,640.

PCGS MS66RD CAC 7. 1912 Lincoln cent in MS-66 RD A qualified MS-66 Red 1912 Lincoln cent with a CAC sticker was sold by Heritage for $1,020 on October 14. In August 2018, another major auction firm offered a various MS-66 Red Lincoln cent licensed by the same grading service but without a CAC sticker for $552, nearly half as much as the CAC coin understood in October.8.

1878 Shield nickel in PR-66 WEB CAM

On October 24, Stack’s Bowers auctioned a CAC-approved, Evidence 66 cameo 1878 Guard nickel for $3,120. In April 2018, Heritage auctioned a PCGS-certified, Proof 66 cameo 1878 Guard nickel without a CAC sticker label for $1,320, less than half as much as the CAC-stickered coin.9.

1926 silver dollar in MS-66

On October 25, Stack’s Bowers auctioned a CAC-approved MS-66 1926 silver dollar for $2,880. In October, Heritage auctioned a PCGS-graded MS-66 1926 silver dollar without a CAC sticker for $1,140. On September 19, Heritage also auctioned a various PCGS-graded MS-66 1926 silver dollar without a CAC sticker label for $1,110.10.

1899 Morgan silver dollar in MS-65

On October 28, GreatCollections offered a CAC-approved MS-65 1899 Morgan silver dollar for $762.75. On October 14, Heritage offered 3 licensed MS-65 1899 Morgan dollars, none of which had a CAC sticker label, for $660, $600, and $588, respectively. All four of these were graded and encapsulated by the exact same service, yet the CAC-stickered coin understood considerably more throughout the very same month.