NEWPORT BEACH, CA—Collectors Universe, Inc., a leading provider of value-added authentication and grading services to dealers and collectors of high-value collectibles, and dealers of diamonds and colored gemstones, today announced that it has sold PCGS Currency, its currency authentication and grading division for collectible currency, to a new company formed for the acquisition and led by the former president of the division, Jason W. Bradford.
Michael Haynes, the Chief Executive Officer of Collectors Universe, said, "Our currency division established an excellent brand in the collectible currency market. Read the rest of this entry »
For its first-ever participation at the annual Beijing International Stamp & Coin Exposition, Professional Coin Grading Service (PCGS) produced special insert labels written in Chinese for encapsulated coins distributed as souvenirs. As part of the company’s expanding international programs, Mandarin dialect marketing materials describing coin authentication and grading were produced for the first time by PCGS and distributed at the big show held October 24 – 27, 2008.
"There was high interest in the PCGS services from Chinese collectors and retailers attending the show and visiting our booth," said Muriel Eymery, Director of International Development for PCGS, a division of Collectors Universe, Inc. (NASDAQ: CLCT).
"Grading is embedded in the hobby culture in China, and collectors there value the PCGS services to help them build their collections. I was repeatedly told by collectors and dealers that PCGS-graded coins achieve higher premiums than other companies’ graded coins in the Chinese secondary market because of our conservative approach to grading and authenticating."
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(Santa Ana, California) – Rare coin dealer and veteran California business executive, Don Willis, has been named President of the Professional Coin Grading Service (PCGS), a division of Collectors Universe, Inc. (NASDAQ: CLCT), effective October 7, 2008.
"In addition to owning his own rare coin dealership the past six years, Don has over 20 years of executive experience in growing corporate businesses," said David Hall, PCGS Founder and President of Collectors Universe.
"Don is a rare combination of world class coin expertise and solid corporate business experience. He began his business career in the field of Information Technology over 30 years ago, and ratcheted up his responsibilities with each business opportunity.
Before his move into his own rare coin business in 2002, Don served 20 years as a senior IT officer in several growing companies. He founded his own Internet business, a supply chain software company, in 1996 and raised $58 million in venture capital funding. In 2002 he left the software company he founded and took his entrepreneurial skills into the rare coin business to start his own dealership, Premium Numismatics of Huntington Beach, California."
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