Chinese Coins Forum

Resources => Chinese Numismatic News, Articles, Books => Topic started by: PandaCollector on November 30, 2020, 06:19:33 PM

Title: PCGS Agrees to Buyout
Post by: PandaCollector on November 30, 2020, 06:19:33 PM
Collectors Universe to be Acquired by Investor Group Led by Entrepreneur and Collector Nat Turner for Approximately $700 Million

Collectors Universe Shareholders to Receive Immediate and Certain Value of $75.25 Per Share in Cash

Fully Financed Transaction Represents 30% Premium to 60-Day VWAP

NEWPORT BEACH, Calif., Nov. 30, 2020 (GLOBE NEWSWIRE) -- Collectors Universe, Inc. (NASDAQ: CLCT) (“Collectors Universe” or the “Company”), a leading provider of value-added authentication and grading services to dealers and collectors of collectibles, today announced that it has entered into a definitive agreement under which an investor group led by entrepreneur and sports card collector Nat Turner, D1 Capital Partners L.P., and Cohen Private Ventures, LLC (the “Investor Group”) will acquire all of the Company’s outstanding shares of common stock for $75.25 per share in cash.

https://finance.yahoo.com/news/collectors-universe-acquired-investor-group-142400274.html (https://finance.yahoo.com/news/collectors-universe-acquired-investor-group-142400274.html)

Best wishes,
Peter Anthony
China Pricepedia — Chinese Coin Prices and More
The Gold & Silver Panda Coin Buyer’s Guide`
Home of the Valentine Panda
www.pandacollector.com
Title: Re: PCGS Agrees to Buyout
Post by: KeyDate1/2ozPandas on December 01, 2020, 04:53:38 PM
They got taken out at a great valuation.  The buyer is a sports card collector, he probably got sick of waiting 3-4 months for PSA to grade his cards so he decided to buy the company.  Sports cards and especially pokemon cards are crazy hot right now.  I am dusting off cards to sell as I believe they are in a bubble now.   After people go back to work I don't think sports cards will be as hot anymore.  Gold, Platinum and Silver different story as the economy needs stimulus to get back on track, so still bullish on that front.
Title: Re: PCGS Agrees to Buyout
Post by: PandaCollector on December 01, 2020, 05:05:20 PM
The company's future, including in Chinese coins, looks bright.

Best wishes,
Peter Anthony
China Pricepedia — Chinese Coin Prices and More
The Gold & Silver Panda Coin Buyer’s Guide
Home of the Valentine Panda
PCGS Consultant
www.pandacollector.com
Title: Re: PCGS Agrees to Buyout
Post by: Bsandersen on December 02, 2020, 06:11:13 AM
Now that the Certified Collectibles Group is grading these cards it should help collectors and dealers get material back in a more timely manner. 

https://www.ngccoin.com/news/article/8365/cgc-trading-cards/
Title: Re: PCGS Agrees to Buyout
Post by: KeyDate1/2ozPandas on December 02, 2020, 04:28:16 PM
The problem with cards is PSA is the gold standard, Beckett and CGC are nowhere near PSA prices.  I used to all my cards graded with Beckett because they assigned 4 different grades to a card and then averaged them to get a final grade and you could see the individual grades for corners, surface, etc.  10 years from now it may change, but right now if you want top money it is PSA and only PSA. 
Title: Re: PCGS Agrees to Buyout
Post by: pandaguy212 on January 07, 2021, 03:35:44 PM
Arif, how do you store your cards? Is there a recommended way like airtight vacuum seal?
Title: Re: PCGS Agrees to Buyout
Post by: KeyDate1/2ozPandas on January 07, 2021, 11:44:29 PM
Plastic bags.  I was only 13-18 when I bought most of my cards.  I got a bunch graded in 1990 by BGS and BVG, I stupid to not use PSA back then.  The challenge with cards is surface quality when I sort cards I deal them like a deck of cards and that ruins the surface.  I would never rub two gold coins together, but two pieces of cardboard no big deal, until you see the grades that came back.  If it wasn't for Michael Jordan cards I would have lost a lot, instead, I actually did well despite a 30-year bear market. 

Using that line of thinking always go for the most collectible assets and load up, rather have a dozen 1996 1/2 than than 5 dozen 1986 1/2.  The other lesson with cards is top pop is very important for cards that are hard to get in great condition.  So 1992 proof 1oz or 1/4oz in PF69 will be an important coins in 10-20 years due to poor capsule choice (capsule too big caused the coin to rattle and destroy forehead).