CONA May 2019 Newsletter

May Meeting

When: 7 p.m., May 15, 2019
Oakstone Academy: 939 State St. Westerville, Ohio 43081
Topic: CAC Seated coins
Speaker: Steve Petty 

May Presentation 

Stephen Petty will give a presentation on the rarity of CAC’d Seated coinage. This presentation is an overview of an article being published in the next issue of The Gobrecht Journal

CAC, or the Certified Acceptance Corp., is a company that reviews coins in PCGS and NGC holders and determines if they are above average for the grade. If they are above average,a green sticker (green bean) is placed on the holder. If they are exceptional for the grade, a gold sticker (gold bean) is placed on the holder. CAC-stickered coins tend to receive premiums both in buying and selling,so they have become another way of evaluating whether one is acquiring a coin good for the grade.

Stephen has determined the percentage of PCGS and NGC mint-state Seated coins that have received CAC beans (5¢, 10¢, 20¢,25¢, 50¢, Seated $1 and Trade $)for all dates and mint marks. He had also been provided with a portion of the CAC database to determine the percentage of all Seated coins that have been sent to CAC for evaluation. Using this information, he has also determined the number of Seated coins that might receive CAC stickers.

April Presentation 

A power outage April 17 forced the cancellation of last month’s meeting. John’s presentation on Peace dollars is being rescheduled to July.

By: Gerry Tebben

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