CAC Coins Bring Premiums in November 2024
In addition to faring well in Internet sales during the month of November, CAC approved and CACG encapsulated coins brought impressive prices in live auctions in California and Texas.
Here are a dozen examples, which were selected from a larger number of results that could have been listed.
- On Nov. 17, DLRC sold a CACG graded MS-64 1883 dime for $550. On Oct. 13, GreatCollections sold a PCGS graded MS-64 1883 dime, without a CAC sticker, for $337.70. On Sept. 24, Heritage sold a PCGS graded MS-65 1883 dime, without a CAC sticker, for $516. A CACG graded MS-64 coin thus sold for more than a non-CAC PCGS graded MS-65 1883 dime.
- On Nov. 17, GreatCollections sold a CACG graded MS-65 1936 Delaware commemorative half dollar for $322.66. On Nov. 18, Heritage sold three 1936 Delaware commemorative half dollars, not one of which had a CAC sticker. These were a PCGS graded MS-66 coin for $240, a PCGS graded MS-65 coin for $228, and an NGC graded MS-65 1936 Delaware half dollar for $218.
- On Nov. 19, Stack’s Bowers auctioned a CAC approved Proof-66-Cameo certified 1867 half dollar for $9,000. On Aug. 17, Stack’s Bowers auctioned an NGC certified Proof-66-Cameo 1867 half dollar, without a CAC sticker, for $5,520.
- On Nov. 19, Stack’s Bowers auctioned a CAC approved XF-45 grade Flowing Hair 1795 silver dollar for $24,000. On Aug. 16, 2023, Stack’s Bowers auctioned a PCGS graded XF-45 Flowing Hair 1795 silver dollar, without a CAC sticker, for $12,600. Both of these are of the major variety that features two leaves under each of the eagle’s wings. The 1795 dollar that brought $12,600 is actually of a scarcer die pairing than the 1795 silver dollar that realized $24,000. Neither die pairing is rare.
- On Nov. 19, Stack’s Bowers auctioned a CAC approved, PCGS graded MS-64 1889-CC Morgan silver dollar for $264,000. On May 9, Heritage auctioned a PCGS graded MS-64 1889-CC Morgan silver dollar, without a CAC sticker, for $138,000. Both coins received a ‘Deep Mirror Prooflike’ (DMPL) designation from PCGS. Also, Heritage auctioned an NGC certified MS-64-DMPL 1889-CC Morgan dollar, without a CAC sticker, for $132,000 on June 13.
- On Nov. 19, Stack’s Bowers auctioned a CAC approved AU-58 1861-D One Dollar Gold piece for $102,000. On Aug. 14, Heritage auctioned a PCGS graded AU-58 1861-D One Dollar Gold piece, without a CAC sticker, for $84,000.
- On Nov. 20, Heritage sold a CAC approved, PCGS certified Proof-65 1891 Indian cent for $6,600. On May 12, Heritage sold a PCGS certified Proof-65 1891 Indian cent, without a CAC sticker, for $1,920. Both coins have ‘Cameo’ (CAM) and ‘Full Red’ (RD) designations from PCGS.
- On Nov. 20, Heritage auctioned a CAC approved MS-66 Type Two 1913-S Buffalo nickel for $7,200. On Oct. 20, GreatCollections sold a PCGS graded MS-66 Type Two 1913-S Buffalo nickel, without a CAC sticker, for $3,989.22. On June 17, Stack’s Bowers sold a PCGS graded MS-66 Type Two 1913-S Buffalo nickel, without a CAC sticker, for $4,200.
- On Nov. 20, Heritage auctioned a CAC approved MS-65 1932-S quarter for $4,080. Four days later on Nov. 24, Heritage auctioned a PCGS graded MS-65 1932-S quarter, without a CAC sticker, for $1,920. Eight days earlier, on Nov. 12, Heritage auctioned a different PCGS graded MS-65 1932-S quarter, without a CAC sticker, for $2,220.
- On Nov. 21, Heritage auctioned a CAC approved MS-66 1858 ‘Large Letters’ Flying Eagle cent for $15,600. On Aug. 15, Stack’s Bowers auctioned a PCGS graded MS-66 1858 ‘Large Letters’ Flying Eagle cent, without a CAC sticker, for $6,600. This price realized of $6,600 could be just an unusually low result. In March 2023, Stack’s Bowers auctioned a different PCGS graded MS-66 ‘Large Letters’ Flying Eagle cent, without a CAC sticker, for $12,000. On May 9, 2024, Heritage auctioned one of these for $10,200. The point here is that a CAC approved MS-66 grade 1858 ‘Large Letters’ Flying Eagle cent brought much more than each of several non-CAC counterparts.
- On Nov. 24, GreatCollections sold a CACG certified Proof-64 1893 Liberty Head nickel for $484. On Oct. 6, GreatCollections sold an NGC certified Proof-64 1893 Liberty Head nickel, without a CAC sticker, for $313.50. On April 14, GreatCollections sold a different NGC certified Proof-64 1893 Liberty Head nickel, without a CAC sticker, for $353.10. On April 7, GreatCollections sold a PCGS certified Proof-64 1893 nickel, without a CAC sticker, for $308. Market levels for Proof Liberty Head nickels were not higher in November 2024 than they were in April 2024.
- On Nov. 24, DLRC sold a CACG graded AU-58 1914-S dime for $275. On March 28, 2023, Stack’s Bowers sold a PCGS graded MS-62 1914-S dime, without a CAC sticker, for $264. On March 18, 2023, GreatCollections sold an NGC graded MS-63 1914-S dime, without a CAC sticker, for $249.70. Market levels for 1914-S dimes were not higher in November 2024 than they were in March 2023.
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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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