Collectors Universe & PCGS.

[kchan1111]

Turns out PCGS is owned by a company called Collectors Universe - which is listed in the US on Nasdaq.

This sounds like a good business. They are pretty much the standard in coin grading. Any other service doesn't have the same level of recognition and  coins graded don't fetch the same premium. Doesn't make sense for sellers to get it graded anywhere else.  The more coins they grade the more they cement their position. Similar to Nielsen for TV ratings, Moody's for rating bonds, FICO for personal credit scores....

Any shareholders here?

[robbiegal]

http://en.wikipedia.org/wiki/Collectors_Universe

PCGS Coin Authentication and Grading Services focuses on coins market and have authenticated and graded over 29 million coins with an estimated market value of over $29 billion

[kchan1111]

Not a bad stock for the past 2 years at least

https://au.finance.yahoo.com/echarts?s=CLCT#symbol=CLCT;range=2y

More than doubled your money in two years :good:

Guess a lot of us have all played a part here. They have shareholder discounts?

http://en.wikipedia.org/wiki/Collectors_Universe

PCGS Coin Authentication and Grading Services focuses on coins market and have authenticated and graded over 29 million coins with an estimated market value of over $29 billion

Implies the average coin graded is $1000?

[nealeffendi]

As an investment they are rated as one of the best small listed companies in  the US. Their margins are huge (about 60%), they have a market cap of about 250 million, no debts, 20 million cash reserves and their only risks are that collecting will take a hit if disposable incomes fall in a recession or that they will stumble and let another (NGC?) become top dog.
Most of the stock is tightly held, especially by people associated with the company.

[kchan1111]

As an investment they are rated as one of the best small listed companies in  the US. Their margins are huge (about 60%), they have a market cap of about 250 million, no debts, 20 million cash reserves and their only risks are that collecting will take a hit if disposable incomes fall in a recession or that they will stumble and let another (NGC?) become top dog.
Most of the stock is tightly held, especially by people associated with the company.

You would think they have to really stuff up to damage the confidence in their grading though. Their network of people like Walter and Drake Sterling would be difficult to displace.