(Newport Beach, California) — The Certified Coin Exchange (CCE), the world’s largest online dealer-to-dealer network, has added sight unseen bidding and trading in "plus" (+) grade designated coins certified by Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC).
CLICK TO ENLARGE: A 1909-S V.D.B. Lincoln cent graded MS66+ Red under the new PCGS Secure Plus service. (Photo courtesy of PCGS.)
"This enables CCE dealers to make a market in plus-graded coins," said Cassi East, President of CCE, a division of Collectors Universe, Inc. (NASDAQ: CLCT).
The change coincides with the introduction of the revolutionary new PCGS Secure Plus service.
"The new CCE functionality was developed in the lead up to the announcement of the addition of ‘plus’ grades from the rare coin market’s two leading grading services, PCGS and NGC.
Both certification companies will be designating a ‘+’ for high end examples for the grades 45 thru 68 (excluding 60 and 61). CCE Market Makers posting bids and asks in plus-graded coins on the exchange will enhance the already excellent market liquidity for graded coins," East stated.
"Additionally, Collectors CornerSM, the premier online marketplace for serious collectors, has also added plus grades. This enables Collectors Corner dealers to list plus graded coins available for sale to the public. Check www.collectorscorner.com for the latest plus-graded listings."
The new CCE rule for plus-graded bidding reads: For coins graded "+" (for example, MS64+), sight seen bidding is not allowed. All bids are automatically sight unseen. Further, all sight seen bids for non-plus grades will be automatically posted as sight unseen bid for the plus grade.
"For example, if you are bidding $2,000 sight seen for a MS65 $20 Saint Gaudens, you will automatically have a sight unseen bid of $2,000 posted for a MS65+ $20 Saint Gaudens. Quantity amounts on the automatic plus grade bids will match your quantity for the non-plus grade sight seen bid," East explained.
For additional information about the Certified Coin Exchange and Collectors Corner, visit online at www.CertifiedCoinExchange.com and www.CollectorsCorner.com, email at helpdesk@CertifiedCoinExchange.com or call (800) 733-6623.
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