Maintain Strict Coin Grading Standards
Posted By Certified Acceptance Corporation (CAC)
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
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,”
CAC makes a market in coins that it has
stickered, and its disregard of PQ-type
designations will be reflected in its buying and
“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:
Certified Acceptance Corp.
Bedminster, New Jersey