US Coins

CAC sticker doesn't do much for 1936 Wisconsin half dollar sold

A gold CAC sticker gives a modest boost for coins with little price spread between grades. This 1936 Wisconsin Territorial Centennial half dollar in a PCGS MS-64 slab with a gold CAC sticker sold for $246.75 at an April 20, 2014, Heritage auction.

Images courtesy Heritage Auctions.

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:

The coin: 1936 Wisconsin commemorative half dollar, MS-64, CAC (gold)

The price: $246.75

The 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).

For 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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