CAC OK’d Coins Trading

February 18, 2007

Photo Courtesy of Gold Rarities GalleryBy Mark Ferguson for Coin Values

The previous sustained important bull market in coins was during the inflationary days of the late 1970s and early 1980s.

Then an important market fundamental came into play when Professional Coin Grading Service in 1986 and Numismatic Guaranty Corp. in 1987 began grading and “slabbing” coins. Gradual use of the Internet followed, which has greatly enhanced coin trading.

Then, beginning in 1999 the State quarter dollars were introduced, stimulating the greatest bull market in coins ever!

Now enters what may be another important market fundamental: CAC, originally known as Collectors Acceptance Corp.

CAC offers two services: One is reviewing and approving or rejecting the grades of coins assigned by PCGS and NGC. The second is making a market in the CAC-approved coins. Read Full Article

CoinFest a Success – CAC Accepts Submissions

February 11, 2007

By Greg Reynolds for CoinLink

CoinFest Show The first CoinFest was held on Oct. 27 & 28 at the Eastern Greenwich (CT) Civic Center. The unique 1870-S half dime was prominently exhibited near the entrance, and is the topic of a separate article that will appear on CoinLink. The show was organized and promoted by Jon Lerner, proprietor of Scarsdale Coin. Laura Sperber is co-owner of CoinFest.

A large number of serious collectors came to the CoinFest, along with hundreds of casual browsers. Lerner declared that “more than 1800 people attended.” Also, there were free numismatic magazines, educational speakers, and a young numismatist program. On the whole, the atmosphere at CoinFest was lively.

The bourse was sold out, and dealers came from far away to offer coins. Don Willis’s Premium Quality Numismatics, for example, is based in Southern California.

Although dealer Robert Riemer is a specialist in Morgan dollars and commemoratives, he found that “early 20th century U.S. gold coins were” his “best sellers at CoinFest.” Indeed, he “sold 90% of the gold coins” that he brought with him. “The Connecticut coast has waited a long time to have a coin show of its own,” Riemer adds, “and it was very well done.” Read more