CAC Grading Service to Begin Full Operations on October 2
Nearly 50,000 coins were certified during “soft launch”
(Virginia Beach, Virginia) – Officials of CAC Grading, LLC (www.CACgrading.com) say their “soft launch” of rare coin authentication, grading, and certification operations that began in mid-June went well and full operations will begin this coming Monday, October 2, 2023.
“We started a low-key launch to make sure everything from logistics to hardware and holders, and personnel were all in proper sync, and a few adjustments were successfully made where needed. We’ve certified nearly 50,000 coins in that time and will now begin accepting submissions from all existing CAC collectors and dealers,” said CAC Grading Founder John Albanese.
Features of the CAC Secure Holder
“We already have about 3,000 members, and the acceptance of CAC-graded coins in the marketplace during the soft launch has been quite positive. Dealers are telling me about brisk sales and the coins bringing premium prices. We were also recently informed by eBay that CAC-certified coins can now be listed for sale on that platform,” he added.
Albanese and two dozen veteran numismatists founded Certified Acceptance Corporation (CAC) in 2007 to provide buyers and sellers verification that their coins certified by third-party grading services met stringent standards. Coins that met their standards received a green CAC sticker on the encapsulation holders.
CAC Grading Founder, John Albanese
“Out of all the coins submitted to CAC over the years, less than half received the honorable CAC sticker. As a result, the CAC sticker serves as an unmistakable means of identifying premium coins for the grade,” stated Albanese who recently was named one of the "Numismatists of the Century” by COINagemagazine.
In 2022, Albanese organized over 150 leading members of the numismatic community to expand their mission for accuracy and consistency by creating a new third-party grading and encapsulation service, CAC Grading.
“Our commitment is to apply the same stringent standards with an unparalleled level of expertise to every submitted coin,” he emphasized.
For additional information about CAC Grading, visit www.CACgrading.com ), email help@CACgrading.com, or call 888-537-3798.
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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.
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