Making A Market in Coins
Since its inception in late 2007, CAC has processed more than 350,000 coin submissions with a declared insurance value totaling more than $1.75 billion. It also has purchased more than $250 million worth of coins, according to data on its website.
In 2011, CAC and a group of coin dealers founded Coinplex, an online coin trading platform for professional dealers, in order to broaden the trading market for CAC-approved coins. Dealers are also able to make markets in non-CAC-verified certified coins. As of 2012, Coinplex has 156 member dealers posting more than 56,000 bids, valued at $538 million.
Read more about this topic: Certified Acceptance Corporation
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