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
Famous quotes containing the words making, market and/or coins:
““Good boys they seemed, and let them love the city.
All they could say was ‘God!’ when you proposed
Their coming out and making useful farmers.””
—Robert Frost (1874–1963)
“Ae market night,
Tam had got planted unco right,
Fast by an ingle, bleezing finely,
Wi’ reaming swats that drank divinely;”
—Robert Burns (1759–1796)
“A war undertaken without sufficient monies has but a wisp of force. Coins are the very sinews of battles.”
—François Rabelais (1494–1553)