Collectors Universe

Last updated
Collectors Universe Inc.
Company type Private
Nasdaq: CLCT (1999–2021)
IndustryBusiness Services
Founded1986;38 years ago (1986)
Headquarters,
United States
Key people
Joseph Orlando (CEO, and president)
Joseph J. Wallace (CFO, and Principal Accounting Officer}}) (January 2020)
Revenue $75.17M (January 2020)
Number of employees
450+ (January 2020)
Website www.collectors.com

Collectors Universe Inc. is an American company formed in 1986, now based in Santa Ana, California, which provides third-party authentication and grading services to collectors, retail buyers and sellers of collectibles. Its authentication services focus on coins, trading cards, sports memorabilia, and autographs. The company reached the combined total of 75 million certified collectibles in 2019. [1] Collectors Universe is also a publisher in fields relating to collecting. [2]

Contents

The company engages in business-to-business market for certified coins under Certified Coin Exchange, and a business-to-consumer under Collectors Corner. PCGS Coin Authentication and Grading Services focuses on coins market and have authenticated and graded over 42.5 million coins, medals, and tokens with an estimated market value of over $36 billion.

History

In 2000, Collectors Universe acquired James J. Spence, Jr.'s sports autograph authentication company and later acquired privately held Odyssey Publications Inc. [3]

In February 2009, Collectors Universe sold its currency authentication and grading division to a new company formed for the acquisition. On January 30, 2019 it took back the division and has rebranded it PCGS Banknote. [4] [ unreliable source? ] [5]

In October 2012, Collectors Universe's division PCGS (Professional Coin Grading Service) authenticated the 25 millionth coin (PCGS Secure Plus MS65) from Japan, being a historical milestone of the company performance. [6] Professional Sports Authenticator (PSA) focuses on sports and trading cards market. PSA/DNA Autograph Authentication and Grading Services focuses on the autographs and memorabilia market. In the publishing field, the company publishes Rare Coin Market Report and Sports Market Report monthly. [7] [8]

During the 2020 COVID-19 pandemic in the United States, Collectors Universe Inc. requested and secured a $4,204,300 forgivable loan under the Paycheck Protection Program set up by the US Congress and signed by President Donald Trump. [9] Collectors Universe Inc. subsequently returned the loan money they had received back to the treasury by May 2020. [10]

In November 2020, it was announced that Collectors Universe would be taken private in a $700 million all-cash buyout by hedge fund manager Steve Cohen, D1 Capital Partners, and collector Nat Turner in the first quarter of 2021. Among the reasons for the purchase was increased interest in collecting by consumers during the COVID-19 pandemic. [11]

Collectors Universe acquired Wata Games in July 2021. Wata Games, since around 2018, had become the video game industry's leading evaluator for video game collectibles, typically evaluating the condition of sealed games before they were auctioned for sale by Heritage Auctions. [12]

Related Research Articles

<span class="mw-page-title-main">Coin collecting</span> Collection of minted legal tender

Coin collecting is the collecting of coins or other forms of minted legal tender. Coins of interest to collectors include beautiful, rare, and historically significant pieces. Collectors may be interested, for example, in complete sets of a particular design or denomination, coins that were in circulation for only a brief time, or coins with errors. Coin collecting can be differentiated from numismatics, in that the latter is the systematic study of currency as a whole, though the two disciplines are closely interlinked.

A trading card is a small card, usually made out of paperboard or thick paper, which usually contains an image of a certain person, place or thing and a short description of the picture, along with other text. There is a wide variation of different types of cards.

<span class="mw-page-title-main">Baseball card</span> Type of trading card related to baseball

A baseball card is a type of trading card relating to baseball, usually printed on cardboard, silk, or plastic. In the 1950s, they came with a stick of gum and a limited number of cards. These cards feature one or more baseball players, teams, stadiums, or celebrities.

<span class="mw-page-title-main">Coin grading</span> Process of determining a collectible coins visual state

Coin grading is the process of determining the grade or condition of a coin, one of the key factors in determining its collectible value. A coin's grade is generally determined by six criteria: strike, preservation, luster, color, attractiveness, and occasionally the country/state in which it was minted. Several grading systems have been developed. Certification services professionally grade coins for tiered fees.

<span class="mw-page-title-main">Upper Deck Company</span> American trading card company

The Upper Deck Company, LLC, founded in 1988, is a private company primarily known for producing trading cards. Its headquarters are in Carlsbad, California, United States.

<span class="mw-page-title-main">Professional Coin Grading Service</span> American coin grading organization

Professional Coin Grading Service (PCGS) is an American third-party coin grading, authentication, attribution, and encapsulation service founded in 1985. The intent of its seven founding dealers, including the firm's former president David Hall, was to standardize grading. The firm has divisions in Europe and Asia, and is owned by parent company Collectors Universe. PCGS has graded over 42.5 million coins, medals, and tokens valued at over $36 billion.

Numismatic Guaranty Company (NGC) is an international third-party coin grading and certification service based in Sarasota, Florida. It has certified more than 60 million coins. NGC certification consists of authentication, grading, attribution, and encapsulation in clear plastic holders. NGC is a subsidiary of Certified Collectibles Group (CCG), which owns six collectible certification services and is in turn owned by Blackstone, a multibillion-dollar New York City hedge fund.

<span class="mw-page-title-main">Video game collecting</span> Hobby

Video game collecting is the hobby of collecting and preserving video games, video game consoles, and related memorabilia. Most video game consoles, and their games, are considered to be collectors' items years after their discontinuation due to their functional longevity and cultural significance. Collectors usually narrow their search to games holding characteristics they enjoy, such as being published for a specific video game console, being of certain genre, or featuring a specific character.

<span class="mw-page-title-main">Ken Kendrick</span> American baseball executive

Earl Gentry "Ken" Kendrick, Jr. is an American billionaire businessman who is the principal owner and managing general partner of the National League's Arizona Diamondbacks. He became part-owner with the team's inception in 1995. He has been managing general partner since 2004, overseeing day-to-day operations and acting as the organization’s designated representative when the Major League Baseball owners convene.

Third-party grading (TPG) refers to coin grading & banknote grading authentication, attribution, and encapsulation by independent certification services.

<span class="mw-page-title-main">T206 Honus Wagner</span> Baseball card issued 1909–1911

The T206 Honus Wagner baseball card depicts the Pittsburgh Pirates' Honus Wagner, known as "The Flying Dutchman", a dead-ball era baseball player who is widely considered to be one of the best players of all time. The card was designed and issued by the American Tobacco Company (ATC) from 1909 to 1911 as part of its T206 series. Wagner refused to allow production of his baseball card to continue, either because he did not want children to buy cigarette packs to get his card, or because he wanted more compensation from the ATC. The ATC ended production of the Wagner card, and a total of only 50 to 200 cards were ever distributed to the public. In 1933, the card was first listed at a price value of US$50 in Jefferson Burdick's The American Card Catalog, making it the most expensive baseball card in the world at the time.

Certified Acceptance Corporation (CAC) is a Far Hills, New Jersey third-party coin certification company started in 2007 by coin dealer John Albanese. The firm evaluates certain numismatically valuable U.S. coins already certified by Numismatic Guaranty Corporation (NGC) or Professional Coin Grading Service (PCGS).

<span class="mw-page-title-main">Beckett Media</span>

Beckett Media is a firm dedicated to covering the sports card, comic book grading, collectibles, and sports memorabilia sectors. Established in 1984 by statistician Dr. James Beckett, it was originally known as Beckett Publications.

<span class="mw-page-title-main">Michael "Miles" Standish</span> American businessman (1964–2023)

Michael "Miles" Standish was an American businessman, author, rare coin expert, sports memorabilia expert and philanthropist. He was a co-founder of Collectors Universe and served as vice president of the Numismatic Guaranty Corporation (NGC).

A collectible market index is a tool used by collectors and investors to track values of collectibles against collectors market from a specific date, calculated in form of Index. It measures the value of a section of the collectors market.

The Major League Baseball Authentication Program, or MLB Authentication Program, is a program run by Major League Baseball Properties, the product licensing arm of Major League Baseball, to guarantee the authenticity of baseball merchandise and memorabilia. The centerpiece of the system is a tamper-resistant security tape sticker with an embedded hologram. Each sticker carries a unique alphanumeric code. The sticker is affixed to all game-used merchandise and memorabilia, while information about the item is entered into a computer database. Between 500,000 and 600,000 items are authenticated each season.

Professional Sports Authenticator (PSA) is a US based sports card and trading card grading company.

Operation Bullpen was an FBI investigation into forged celebrity autographs and sports memorabilia that ran from 1999 until 2006. The investigation uncovered $100 million worth of fraud that occurred in the United States.

References

  1. "Collectors Universe Reaches Historic Milestone by Certifying Its 75 Millionth Collectible". PCGS. 2019-06-19. Retrieved 2022-08-26.
  2. "Business Summary". Yahoo Finance.
  3. "Collectors Universe Acquires Odyssey Publications Inc". thefreelibrary.com. Archived from the original on 2014-02-27. Retrieved 2014-02-23.
  4. "Collectors Universe Sells PCGS Currency Division". CoinNews. 4 February 2009.
  5. "PCGS Banknote Accepting Paper Money Submissions January 2020". coinweek.com. 20 November 2019.
  6. "PCGS Milestone: 25 Million Coins Certified Worldwide". www.pcgs.com. 2012-10-26.
  7. "Company Full Description". Reuters . Archived from the original on 2014-02-26.
  8. "Rare Coin Market Report". www.pcgs.com.
  9. LEGUM, JUDD (2020-04-22). "32 Millionaire CEOs Who Scooped Up Taxpayer Money Meant for Small Businesses". Popular Info.
  10. Popken, Ben (7 July 2020). "Which companies are returning their PPP loans? Here's the list". NBC News .
  11. Pendleton, Devon; Javier, Luzi-Ann (2020-11-30). "Steve Cohen and D1 Capital Team up for Collectors Universe". Bloomberg News . Archived from the original on 2020-11-30. Retrieved 2020-12-06.
  12. Peters, Jay (July 14, 2021). "The company that graded the million-dollar copy of Super Mario 64 has a new owner". The Verge . Retrieved July 14, 2021.