Coin Collecting News » CAC

What Gold Coins Do CAC Stickers Add the Most Value to?

Doug Winter — Wed, 10 Nov 2010 14:54:39 +0000

After two+ years of being traded on the open market, I think few collectors and dealers would argue the statement that CAC stickering has added considerable value and liquidity to many types of United States gold coinage. But are we now able to determine with a decent degree of accuracy which coins are most affected by a CAC (or the absence of a sticker)? Let’s take a look at some areas of the gold coin market and see how CAC is adding value.

One of the areas that CAC has added the greatest amount of value is in the St. Gaudens double eagle market. The impact is seen two ways. The first is with common “generic” issues in MS65 and MS66. One of the main reasons why the premium for non-CAC certified MS65 Saints is so low when compared to MS64 coins is that most of the coins in MS65 holders are not significantly better than those graded MS64.

What CAC has done is to identify those coins graded MS65 that are nice quality and which are “real” 65’s. Currently, non-CAC Saints in MS65 trade for around $2,300. Those with CAC stickers are worth at least 10-15% more. They are also quite liquid and can be sold even when dealers have extensive numbers of non-CAC coins in stock. Non-CAC MS66 Saints are currently worth around $2,750-2,850 per coin. The premium for MS66 Saints with CAC stickers is at least $750-1,000 per coin. Given the fact that the stickered MS66 coins I have seen are very nice (as compared with the non-stickered coins which range from inferior for the grade to decent) this premium makes sense.

Another area where CAC stickered coins are selling for a significant premium is in the better date Saint market. Let me pick a random issue: the 1927-S in MS64. This coin has a current bid of $70,000 in this grade and a bona-fide Gem is worth double this. The quality of 1927-S double eagles varies greatly and there are coins that are very low end and hard to sell for $55,000 and coins that are very high end and worth over bid. I can’t recall having ever seen a 1927-S in MS64 with a CAC sticker but if I had a PCGS/CAC coin that I liked I’d quote $75,000+.

Early gold (i.e. gold coins struck from 1795 to 1834) is area that has shown itself to be influenced by CAC stickers. I don’t like every single piece of CAC-stickered early gold that I see but I like at least 90% of the coins. Compare this to non-CAC early gold where probably 50-60% (or more) of the coins offered at auction or through dealer’s websites are not, in my opinion, nice for the grade. I find this to be especially true with early gold in the MS63 and MS64 grades. As an example, an 1812 half eagle in MS64 with a CAC sticker is currently worth around $40,000. The same coin in the same grade that is not stickered and which is not a CAC-quality coin, in my opinion, might be hard to sell for $32,500. More and more collectors of coins like this are demanding that they be CAC stickered and the premium for the pieces that have the Green Bean is at least 10-15% and climbing.

Because so many Proof gold coins have been doctored over the years, CAC-stickered pieces are currently garnering high premiums. This is more so with Matte Proofs than Brilliant Proofs. I can’t remember seeing more than a few Matte Proof gold coins in the last two years that weren’t doctored to the point that they weren’t even the right color. When the few remaining fresh pieces come onto the market, they realize strong prices. As an example, Stack’s just sold at auction a lovely 1913 Matte Proof gold set. All four coins were CAC stickered and all four brought exceptional prices. I see similarly graded washed-out NGC Matte Proof gold from time to time and it brings Greysheet prices or lower; these superb, vibrant Gems brought numbers that were way over “sheet.”

I’ve found CAC to be very particular when it comes to Brilliant Proof gold as well. Lower grade (PR63 and below) Proofs aren’t really impacted by having or not having having CAC stickers unless they are a very rare early date issue. In this case, the premium seems to be around 10%. The real premium is for very high grade pieces. As an example, from time to time, a really remarkable PR68 or PR69 Liberty Head quarter eagle will become available. While these coins tend to be pretty amazing from a visual standpoint, very few are CAC approved. I believe that a PR68 or PR69 gold coin with a CAC would sell for a very significant premium; maybe 20-30%.

There is no doubt in my mind that CAC has greatly improved the value and liquidity of nice NGC coins. As someone who sells a good number of NGC coins, I’ve noticed that pieces that have CAC stickers are regarded as being just about as “good” to collectors as PCGS coins; unless the collector is working on a PCGS-only Registry Set and will not purchase any coins at all in NGC holders. In the collector marketplace, the current hierarchy for many series of US gold coins is as follows:

1. PCGS coins with CAC stickers
2. NGC coins with CAC stickers
3. PCGS coins without CAC stickers
4. NGC coins without CAC stickers

A major exception to this rule is rarity. If a coin is a very rare date (say an 1883-O eagle or an 1842-C Small Date half eagle), collectors are still concerned first and foremost with the coin itself and not the plastic.

Another exception is the popularity of the series and who the end users are. Certain series, like three dollar gold pieces, are just not popular enough right now that CAC stickers make all that much of a difference from a price standpoint. Other series, like Type Three Liberty Head double eagles and Indian Head quarter eagles, are sold mainly by marketers who do not “preach the gospel” of CAC and, therefore, the current market premium is not as great as in other series.

It has been interesting to view the market acceptance of CAC in the last two years. The market has gone from being initially cynical (and in some cases hostile) to being accepting to, in some cases, fully embracing CAC. This has been most clear in the premiums paid for CAC coins and I think we’ll see these premiums continue and, in many cases, increase as demand grows in the coming years for the highest quality rare coins

Five Things You Can Do to Make Your Coins Worth More

CoinLink — Mon, 13 Sep 2010 12:35:34 +0000

By Doug Winter – RareGoldCoins.com

If you have been collecting rare coins for more than a few years, there is a good chance that you have “found money” in your holdings. What I mean by this is that there are a number of things that you can do–often with little or no cost–that can significantly improve the appearance and value of your coins. Here are five suggestions:

1. Send Your Coins to CAC. CAC is now well established as an important factor in the high-end segment of the market. In certain areas, CAC coins trade for a nice premium and there is no doubt in my mind that a CAC sticker makes a coin more marketable. Submitting a coin to CAC is very inexpensive; typically just $10 to $20 per item. Another thing that’s nice about submitting coins to CAC is that you are getting an expert’s opinion (in this case John Albanese) for next to nothing. You might try sending a sample of your five best coins to CAC. If you get CAC approval on all five coins, you know you are doing something right. If only one or two get the coveted “green bean” then you can assume that the dealer you are buying from needs to be replaced.

2. Attribute Your Coins. Let’s say that you are a date collector of early half eagles. It makes sense to purchase the Bass-Dannreuther book on early gold to attribute all your coins to “BD” numbers. You might get lucky and find that one of the coins that you own is a very rare die variety. This isn’t necessarily an immediate financial upgrade, as it would be in a series like Bust half dollars or Large cents which are avidly collected by variety. But wouldn’t you rather keep the potential financial upgrade for yourself than to read on page three of Coin World how some lucky collector just cherry-picked an excessively rare variety of 1806 half eagle? Also, if PCGS or NGC attributes varieties in the series you collect and you find a good variety, have it marked on the slab.

3. Pedigree Your Coins. If you have a coin from a famous collection like Bass, Garrett, Eliasberg or Norweb, a pedigree can add value. Some coins from these collection are clearly marked on the PCGS or NGC insert. But there are hundreds of others that have “lost” their pedigree for one reason or another. I’d suggest that you purchase all of the major auction catalogs in the area that you specialize in and spend a few hours searching through them. Your coin(s) may have a different appearance than they did in an earlier sale, but if they have an obvious mark this will make it easy to trace them. If a great pedigree is easy to prove, send the coin along with a xerox of the catalog page to PCGS or NGC.

4. Reslab Your Coins. Please note that I didn’t say “regrade” your coins. That’s another subject entirely and one that, if you have coins in old green label or “fatty” holders, I do not necessarily think will add value to your coins. What I mean by “reslabbing” is that many coins are in holders that show severe scuffing, wear, or dullness. A great coin can look just so-so if the holder it’s in doesn’t present itself well. I know this sounds a little hokey but its no different than deep-cleaning your house when you get ready to sell it. If all of your coins are in pretty, fresh slabs it is going to make your coins look nicer.

5. Create a “Cult of Personality.” For a number of reasons, there are many collectors who become larger than life because of what they collect. Some of these individuals become famous because they buy seven figure coins. Others become famous because they write books or articles about the area(s) that they specialize in. And others become famous because they are “mensches” who endear themselves to collectors and dealers alike. A collector who has worked hard to establish himself as a leading authority on Charlotte gold coins is probably going to have an easier time selling his coins than a collector who is totally unknown; even if the mensch has inferior coins, the belief that he has high quality will typically outweigh the reality. The same holds true for collectors on the PCGS and NGC Message Boards. Creating the illusion of collecting greatness is a lot easier today than it was in the pre-Internet era.

These are just five suggestions. There are many others that I can think of, and I’d be interested in hearing your suggestions as well.

Heritage adds CAC Population Data to Rare Coin Auction Archives

Heritage Auctions — Mon, 21 Jun 2010 00:40:58 +0000

A very quick way to measure a coin’s rarity is to look at how many coins of a particular date have been graded by the major grading services. Three figures are key as a rule of thumb in determining rarity:

The population of a coin in a particular grade, which shows how difficult the coin might be to replace exactly

The population of a coin in all higher grades, which shows how difficult a coin might be to upgrade

The population of a coin in all grades, which shows how difficult a coin might be to find at all.

The first two figures above are often written in shorthand. For example, a coin with a population of 100/4 has 100 known in the same grade and four known in higher grades. A coin with a population of 1/0 is the finest known to the grading service that certified it.

One of the features that has long been available on the Heritage Web site listings and archives HA.com/Coins are population reports. PCGS and NGC keep track of every coin they grade, and Heritage is generous enough to post this information, in condensed form, on the web page for every US coin.

Now, Heritage has added the CAC population data to it’s population listings.

As an example, the table you see here covers an 1911-D $20 Saint Gaudens Double Eagle, graded MS65 (in this case by NGC). Under the header “Population”, you can see that the PCGS Population Report shows 1731 1911-D $20 Saints with an MS65 grade, NGC Census figures show 1831 similar coins and CAC has stickered 130.

Under “Population of Higher Grade”, PCGS shows 437 such pieces in MS66 and higher, NGC shows 518 and CAC lists 43.

Finally, the total number of 1911-D $20 Saints graded in all grades is shown in the column “Total Population” — 10,081 by PCGS, 10,831 by NGC and 278 by CAC.

In addition to the population figures, there is a listing for a coin’s mintage and engraver, in this case a Total Mintage of 846,500 coins and the engraver of course is Augustus Saint-Gaudens.

These figures above show that the 1911-D $20 Saint is not a particularly rare coin, and that MS65 is a very typical grade for it to be found.

What is CAC?

CAC is an independent firm that reviews grades on coins that are already encapsulated in order to determine whether the coin in question meets their standards as premium quality for the grade. If a coin meets CAC standards, it is awarded a green or gold sticker, which is placed on the slab.

In the short time CAC has been in operation, coins with their sticker have met with great acceptance and premium prices in the marketplace. They are arguably the reason why PCGS and NGC have both since decided to add ‘+’ grades.

Much like any other population report, the CAC population listings serve to provide collectors of high quality material the best possible information about the availability of coins with the CAC sticker. This gives you as a consumer that much more information when formulating your buying decisions.

Please take into account that population figures listed on coins in Heritage auctions only cover coins with similar designations. In other words, the figures above do not take Prooflike and Deep Mirror Prooflike coins into account at all, and similar restrictions are in place on other series (and all proof coins), so in some cases you may need to do a bit of additional research to find out the true rarity of a coin.

While population figures may be a rule of thumb guide to a coin’s rarity, they are not necessarily a guide to a coin’s value; some coins are particularly popular and might bring prices far in excess of another piece with similar figures. Total populations will usually vary from the number of coins actually available because of resubmissions, and some coins with low populations may simply not be valuable enough to be submitted.

Coin Rarities & Related Topics: Bowers & Merena auction, Proof 1876-CC dime, and $150 million for the CAC

Greg Reynolds — Wed, 16 Jun 2010 11:15:58 +0000

News and Analysis regarding scarce coins, coin markets, and the coin collecting community #5

A Weekly Column by Greg Reynolds

I. Today’s Theme

I will not be discussing the most expensive or the rarest coins that are coming ‘on the auction block’ this week. Rather, I have selected a few that I find to be both newsworthy and particularly interesting. Admittedly, these are expensive. I continue to insist, though, that an understanding of rare coins, and of the values in the coin collecting community, requires knowledge of coins that most collectors cannot afford.

Suppose that this column was geared towards art enthusiasts rather than coin enthusiasts. Would it then make sense to discuss only the paintings that most art collectors could afford? Collectors who cannot afford great and culturally important paintings enjoy learning about them and often learn to apply their knowledge of famous painting to their interpretations of a wide variety of not-so-famous paintings. Likewise, coin enthusiasts, in general, appreciate coins that are great, famous, very rare and/or important to the culture of coin collecting.

Please see my discussions below of the following coins. The 1851-O trime is the only Three Cent Silver issue that was not struck at the Philadelphia Mint. Indeed, it is curious that the New Orleans Mint struck this denomination, as the Branch Mints tended not to manufacture small denomination coins in the 19th century. The Hawaiian Eighth-Dollar is certainly extremely rare and extremely curious. The 1926-S nickel issue is just incredibly difficult to find in MS-65 or MS-66 grade. As I discussed one in last week’s column, I could not resist mentioning another, as B&M will auction it this week in Baltimore. Similarly, I discussed a rare and historically important King James II English gold coin last week and B&M will auction a coin of the same design type this week. Plus, the unique Proof 1876-CC dime is one of the most exciting coins of all.

II. The CAC Surpasses $150 Million Level

It is widely known that the CAC approves (or rejects) submitted coins that are already graded by the PCGS or the NGC. Approved coins receive a green sticker, or, in rare instances, a gold sticker. It is not as widely known that the CAC will make sight unseen commitments to pay competitive prices for CAC approved coins. These are not ‘low ball’ bids. As of June 15, the CAC has purchased $154 million of coins, almost all of which are CAC approved.

The CAC was founded by John Albanese in Oct. 2007. CAC purchases have thus been averaging more than $4.7 million per month. The $150 million level was reached in early June.

Albanese was the sole founder of the Numismatic Guaranty Corp (NGC) in 1987. Around Dec. 1998, he sold his shares in the NGC to Mark Salzberg, who is the current NGC Chairman. (For more discussion of the CAC, please see my articles on CoinFest, Jay Brahin’s Coins, the PCGS graded MS-68+ 1901-S quarter, the 20th Century Gold Club, and Dr. Duckor’s quarters.)

Although the CAC has acquired thousands of coins that are valued at under $5000 each, the CAC has approved and acquired some very famous coins. Among others, the Eliasberg 1870-S silver dollar and the finest known, Rogers-Madison 1796 ‘No Stars’ Quarter Eagle ($2½ gold coin) come to my mind.

III. Unique Proof 1876-CC Dime

Laura Sperber, of Legend Numismatics, acquired the unique Proof 1876-CC dime from a New Jersey dealer in early June. On Saturday, June 12, she sold it for an amount in excess of $200,000. It “went into a collection of Proof Seated Dimes,” Sperber reveals. It is certified as Proof-66 by the PCGS and has a sticker of approval from the CAC.

I have carefully examined this 1876-CC dime on four occasions, and it is one of my all-time favorite U.S. coins. It would certainly be on my personal list of the fifty most important and interesting U.S. coins. Please click here to see the article that I wrote about it in Jan. 2008. Therein, I put forth reasons as to why I am certain that this coin is a Proof, and I discuss the differences between Proofs, Specimen Strikings and business strikes.

I have always had a strong affinity for Branch Mint Proofs, which are pre-1968 Proof U.S. coins that were NOT struck at the Philadelphia Mint. As far as I know, this is the only Proof Carson City (Nevada) Mint dime, of any date. Other than a few silver dollars and possibly a couple of half dollars, no other Carson City Mint coins that are plausibly Proofs come to mind at the moment. I have never seen a Carson City Mint gold coin that any recognized expert would regard as a Proof. Please read an article, which I wrote earlier this year, about the only known Proof Denver Mint Double Eagle.

IV. Another ‘Gem’ 1926-S Nickel

The offering by B&M of an NGC graded MS-65 1926-S nickel is more interesting now than it would have been in other circumstances. In the recent Heritage Long Beach auction, it became clear that the market for gem quality better-date Buffalo Nickels is weak, certainly in comparison to the strong demand for such coins in 2007 and much of 2008. The 1926-S is one of the hardest dates to find in MS-65 or MS-66 grade. The CAC has not approved even one 1926-S nickel in MS-65 or higher grade. (Please see my discussion of auction results of 1926-S nickels in last week’s column. Also, click here to read my discussions of astounding prices that some high-grade Buffalo Nickels realized in an April 2008 auction and in earlier events.)

Though it is not a good idea to draw firm conclusions from catalogue images, this 1926-S does appear to be naturally toned. At least, it certainly does not exhibit a counterfeit rainbow or the paint-like deep-blue colors that are found on many artificially toned Buffalo Nickels. Further, it does appear to be relatively free of contact marks. Is it very impressive?

V. 12½ Cent Piece of Hawaii

There are only a few different coins that were issued by the Kingdom of Hawaii in the 19th century. A copper cent was minted in 1847 for the Kingdom by a private mint in Massachusetts.

In 1883, silver coins of several denominations were issued for circulation, and Proof sets were minted as well. The San Francisco Mint produced the business strikes and the Proofs were minted at the Philadelphia Mint, according to Walter Breen. Additionally, some patterns of Hawaiian coins were produced.

Although the Eighth-Dollar (12½ cent) piece should properly be termed a pattern, these were included along with Proofs of the regular denominations of 1883 in a small number of Proof sets. Eighth-Dollar coins, which are a Proof-only issue, tend to be collected as if these were Proofs of regular denominations. In another words, collectors seeking Proofs of the dime, quarter, half dollar and silver dollar denominations of the Hawaiian coinage of 1883 also seek a Proof Eighth-Dollar. Other collectors wish to own an Hawaiian Eighth-Dollar piece as well, as these are curious.

As there are probably fewer than fourteen in existence, most collectors who seek an Hawaiian Eighth-Dollar never manage to obtain one. The Eighth-Dollar to be offered in the upcoming B&M auction is PCGS certified Proof-63 with a designation that it has a Cameo contrast, which means that, to a large extent, the devices are frosted white and sharply stand apart from mirrored fields. According to the catalogue, it is in a PCGS SecureShield holder and was thus encapsulated in 2010.

VI. 1851-O Three Cent Silvers

Three Cent Silvers (trimes) were minted from 1851 to 1873. Yes, these are smaller than dimes. Indeed, trimes are even smaller than half dimes, which then each weighed about half as much as a dime. The 1851-O issue attracts more attention than the other trimes because it is the only trime that was minted in New Orleans. All the rest of the Three Cent Silvers were produced at the headquarters mint in Philadelphia. The 1851-O is not rare in absolute terms. It is, though, a condition rarity in MS-66 grade. The PCGS has not graded one as MS-67 or higher.

A PCGS graded MS-66 1851-O Three Cent Silver is being offered in the B&M auction that is being held this week. The mottled russet toning about the peripheries, and in the outer fields, will not dazzle. It is, though, exactly the kind of toning that is characteristic of this issue. This toning is almost certainly natural. It is in a SecureShield holder, which indicates that it was scanned with a CoinSecure CoinAnalyzer and encapsulated in 2010. Another 1851-O has been PCGS graded MS-66+. There is a picture of this “MS-66+” trime on PCGSCoinFacts.com, and, much to its credit, it has mottled russet toning like that found on the one in the current B&M auction, as best as I can tell from images. To form solid conclusions about a coin’s toning, there is a need to actually examine the coin.

In May 2009, Heritage auctioned a PCGS graded MS-66 1851-O, with a CAC sticker of approval. It is not one of the coins mentioned above or below. It realized $5462.50 when coin markets were bottoming out. Coin markets were certainly at lower levels in August 1999 when another PCGS graded MS-66 1851-O was auctioned for $3680.

Although the PCGS reports fifteen as having been graded MS-66, the absence of a PCGS graded MS-67 1851-O provides a tremendous incentive for crackout artists to remove MS-66 grade coins from their respective holders in order to resubmit them in hopes of receiving a MS-67 grade. I am skeptical that this count of fifteen amounts to even ten different coins.

In this same auction, there is also an NGC graded MS-66 1851-O and an NGC graded MS-62 representative of this issue. Fourteen have been NGC graded MS-66 and three have been NGC graded MS-67. Again, I doubt that fourteen plus three equals seventeen different coins, perhaps just eleven, if that many? As the NGC and the PCGS grade Three Cent Silvers with different criteria, I will not combine population counts or attempt any kind of condition ranking here.

It is noteworthy that the CAC has approved, much to my surprise, nine MS-66 grade 1851-O trimes, which includes a combination of those graded by the PCGS and the NGC. Invariably, dealers sometimes ‘crack’ coins out of holders with CAC stickers, and, when such coins fail to upgrade at the PCGS or the NGC, the same coins in new PCGS or NGC holders may be re-submitted to the CAC. Therefore, the listing of nine CAC approved 1851-O trimes may not be indicative of nine different coins.

In Jan. 2009, Heritage auctioned an NGC graded MS-66 1851-O trime for $4255, which is less than the exact same coin realized, $4370, in a Feb. 2005 Heritage auction. It is not the same as any of the other 1851-O trimes mentioned above. It will be interesting to see how these three 1851-O trimes fare in the B&M auction.

In general, I find that high grade 1851-O trimes have been overlooked for years. Steve Deeds, the president of B&M, suggests that “the 1851-O Three Cent Silver is an underrated coin.”

Matt Kleinsteuber, of NFCcoins, has a different perspective. Kleinsteuber agrees that there is more demand for the 1851-O trimes than for the other Type 1 and for Type 2 Three Cent Silvers. Kleinsteuber observes that, as “MS-65 and -66 1851-O Three Cent Silvers are seen so infrequently, it is hard to [pinpoint] prices” for these. Moreover, Matt has always “found that there is a lot of collector interest in 1851-O Three Cent Silvers and prices for them in Good-04 to MS-63 have held up well over the last couple of years; they have not gone down at all. They are easy to sell, and prices for 1851-O Three Cent Silvers might even be rising” so far this year. Matt does “not believe that 1851-O Three Cent Silvers have been overlooked.”

VII. King James II Gold Coin

King James II ruled England for just a short time, from 1685 to 1688. The gold coins from his reign are rare. For reasons relating to democracy and religious tolerance, his policies and especially the circumstances under which his reign came to an end are of tremendous historical importance.

Last week, I wrote about a 1688 James II Five Guineas gold coin that sold for $106,375 in a recent Goldbergs auction. It is NGC certified MS-64 Prooflike and was earlier in the epic Millennia collection. (Click to see my series of articles on the Millennia collection: Part 1, Part 2, Part 3, etc.) The James II Five Guineas coin in this week’s B&M auction is dated 1687 and is not quite as illuminating. It will be, though, much less expensive. It is NGC graded Extremely Fine-40 and is estimated by B&M/Ponterio to realize from $7,000 to $10,000. Also, James II gold coins of the Half-Guinea, One Guinea and Two Guineas denominations are more modestly priced than the Five Guineas coins.

Next week, I will discuss coins to be offered in the auction to be held in conjunction with the Summer FUN Convention, July 8 to 10, in Orlando.

Certified Acceptance Corp (CAC) to Maintain Strict Coin Grading Standards

Certified Acceptance Corporation — Tue, 16 Mar 2010 15:56:13 +0000

Change may be in the air at one or more coin grading services, but dealers, collectors and investors will find business as usual at Certified Acceptance Corp. (CAC).

That’s the company’s message to the hobby in the wake of reports that at least one of the two largest grading services is considering the establishment of “premium-quality” grade designations.

CAC examines and evaluates coins that have been certified by either the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation of America (NGC). It then affixes a distinctive green sticker to the holder of each coin which, in its judgment, fully merits the grade that was assigned. Each sticker incorporates a tamper-evident hologram.

According to Albanese, CAC will continue to evaluate submissions, and determine whether to award stickers to those coins, strictly in the context of the basic numerical grades assigned by either PCGS or NGC. He said it will disregard any additional descriptive words or symbols.

“We don’t want buyers and sellers to get the impression that by stickering a coin, CAC is confirming someone else’s ‘PQ’ designation,” Albanese said.

CAC makes a market in coins that it has stickered, and its disregard of PQ-type designations will be reflected in its buying and selling prices.

“For example, CAC’s bid price for an 1892-O Barber quarter graded MS65 is $1,150,” Albanese said. “If the coin was graded PQ and had a CAC sticker, our buy price would remain the same – $1,150. If it had a star plus our sticker, we’d still pay $1,150. And if it came with an asterisk or a rainbow or a halo, we’d still pay $1,150 – as long as it had a sticker.”

Since opening for business in late 2007, CAC has received more than 144,000 submissions from member dealers and collectors, and has awarded green stickers to just over 68,000 of these. The declared insurance value of these coins totals about $800 million.

To date, the company has bought and sold CAC-stickered coins with a wholesale trading volume of nearly $150 million.

Further information about CAC, including directions on how to apply for membership and where to obtain CAC-stickered coins, can be found at the company’s Web site, www.caccoin.com.

FOR FURTHER INFORMATION:
John Albanese
Certified Acceptance Corp.
Bedminster, New Jersey
1-908-781-9101