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CAC Member Deadline May 1
By Numismatic News
April 03, 2008 |
Dealers seeking membership in the Certified Acceptance Corp. have until May 1 to apply. John Albanese, founder and president of the New Jersey-based company, announced the initial application period closing date in a March 13 release.
CAC, which began operations late last year, has more than 150 dealer members, Albanese said.
Members are authorized to serve as CAC Submission Centers, accepting coins submitted for the firm's evaluation.
CAC experts examine coins previously certified by either Professional Coin Grading Service or Numismatic Guaranty Corporation. CAC then affixes a green sticker to the holder of each coin that, in its judgment, fully merits the grade that was assigned.
"CAC's objectives are to give consumers an easy way to identify higher-end coins and provide a formal basis for independent trading of those coins," Albanese said. "We want the market to reflect what they're really worth."
Eligibility for CAC membership is determined primarily by an applicant's record of quality service, reputable business practices and fair treatment of collectors and other dealers. Length of service and volume of business also are considered.
The May 1 membership deadline has been set to permit the company to consolidate its rapid early growth, Albanese said.
CAC hopes to resume acceptance of applications in January 2009, he said.
For more information, contact Albanese at www.caccoin.com.
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