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.
three examples, sold at recent auctions, that teach different lessons
about valuing CAC gold-stickered coins.
1974-S Eisenhower dollar, MS-66, CAC (gold)
The story: Few coins are as much
of a wild-card as this 40 percent silver 1974-S Eisenhower dollar in
an old “doily” style PCGS holder, graded MS-66 with a gold CAC
sticker. It sold for a strong $286 at a May 25 GreatCollections.com
The Eisenhower silver-copper clad dollar was
produced for collectors, so it “comes nice,” with PCGS certifying
nearly 8,000 examples at or above the MS-66 level.
Normal certified MS-66 examples bring $25 to $30 at auction. An
average MS-67 example sold for $40 at a June Heritage auction while
MS-68 examples, of which PCGS has graded nearly 1,000, sell at the
$170 to $200 level typically.
The demand for the present
coin came from several different areas. First, Eisenhower dollar
collectors are enthusiastic in their pursuit, and the type is
infrequently found in this style holder, which pre-dates the
popularity of certified modern coins. Second, CAC gold stickers are
infrequently seen on Eisenhower dollars.
one considers that the present coin sold for substantially more than
even an MS-68 example, one has to surmise that the rarity of the
holder, rather than the coin itself, is the reason. Only three MS-69
examples of the issue have been graded by PCGS and one of these sold
for $7,475 at a January 2012 Heritage auction.
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