CAC Grading Announces Democratized Pricing for 2024
“We started with list prices that were comparable to other leading grading services, but we have decided to democratize our pricing so that small and medium-size submitters enjoy similar pricing as the larger submitters.”
Virginia Beach, Virginia—Ron Drzewucki, President of CAC Grading, announces updated pricing for 2024. CAC Grading was established to create a more sustainable hobby and has adjusted pricing for 2024 to work toward this vision. “We started with list prices that were comparable to other leading grading services, but we have decided to democratize our pricing so that small and medium-size submitters enjoy similar pricing as the larger submitters,” said Dzrewucki. John Albanese, CEO of CAC Grading, noted that these submitters “have been loyal customers since CAC’s inception and should be rewarded for that.”
New Tiers
CAC also introduced two new tiers for the new year: 1) Gold and 2) Economy – Morgan & Peace. The Gold tier is for select $5, $10 and $20 vintage gold coins, and Economy – Morgan & Peace is, not surprisingly, reserved for vintage Morgan and Peace dollars.
Upcharge flexibility of 30%
CAC Grading’s tier pricing is based on the value of the items submitted under that tier and will upcharge a submitter if a coin is valued higher than the tier it was submitted on. “However, we acknowledge that, even though we are using third party pricing, there is subjectivity in pricing. So we offer 30% leeway on pricing for upcharges” notes Brian Kint, CFO of CAC Grading. “For example, if you submit a coin for grading on the Standard tier, and we calculate the value of your coin to be $3,500 (greater than the maximum for that tier), you will not be up charged. This has been the case since our inception, but not everyone is aware of this.”
For additional information:
CAC Grading, LLC
757-800-1750
Download the Greysheet app for access to pricing, news, events and your subscriptions.
Subscribe Now.
Subscribe to CAC Rare Coin Market Review for the industry's most respected pricing and to read more articles just like this.
Visit these great CDN Sponsors
CDN Sponsors
Source: CAC Grading
CAC was formed in 2007 by John Albanese, a respected authority on coin grading and the rare coin market, along with twenty-two leading members of the numismatic community. Because certified coins of the same grade can be of varying quality, CAC’s mission was to advocate for the hobbyist by establishing an extremely stringent standard of grading. As a verifier of previously certified coins, CAC only recognizes coins that meet the highest standard with the now famous green sticker. Out of all the coins submitted to CAC, less than half receive the honorable CAC sticker. As a result, the CAC sticker serves as an unmistakable means of identifying premium coins for the grade.
In 2022, John Albanese assembled over one hundred and fifty leading members of the numismatic community with a purpose to reclaim accuracy and consistency in grading. After all, why merely sticker a previously certified coin when the same stringent standards can be applied within the context of a grading service? Thus, CAC Grading was born! The only difference now is the grade assigned to a coin is a true representation of that coin. Boasting a team of world-class graders including Ron Drzewucki, John Butler, among others, CAC is committed to applying an unparalleled level of expertise to every submitted coin. As a result, hobbyists can have total confidence in a coin certified by CAC.
Please sign in or register to leave a comment.
Your identity will be restricted to first name/last initial, or a user ID you create.
Comment
Comments