The following post is pulled from Coin World editor Steve
Roach’s Market Analysis column in the Aug. 18 issue.
If green Certified Acceptance Corp. stickers indicate that a
certified coin is nice for the grade, what does a gold CAC sticker
mean? Last year CAC founder John Albanese described the coveted gold
sticker as identifying a coin that could easily receive a green CAC
sticker at the next highest grade level.
Only around 2
percent of the coins that CAC has examined have received a CAC gold
sticker, and they’re valued by collectors.
Here is one
of three examples, sold at recent auctions, that teach different
lessons about valuing CAC gold-stickered coins:
coin: 1936 Wisconsin commemorative half dollar, MS-64, CAC
The price: $246.75
story: When a coin has a large price jump between grades, a gold
CAC sticker can make a huge difference in price between it and a coin
with a green CAC sticker (or no sticker at all).
other coins, a gold CAC sticker is fun, but doesn’t make a coin
substantially more expensive.
This was the case with a
PCGS Mint State 64 Wisconsin Territorial Centennial commemorative half
dollar in an older-generation green-label PCGS holder that brought
$246.75 at an April 20 Heritage auction.
To put it in
perspective, this is the same price that a Numismatic Guaranty Corp.
MS-65 example brought at a July 22 Heritage auction, and more than the
$170.38 that an unstickered PCGS MS-64 piece brought on July 1.
On June 15 an example in an NGC MS-65 holder with a gold CAC
sticker brought $270.25, the same amount that an NGC MS-66 example
sold for at a Heritage auction the following week.
Read the rest of Steve Roach's Aug. 18 Market Analysis:
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