U.S. & World Coin News and Articles
Collectors Universe Honored By Forbes As One of America's Best Small Companies
(Santa Ana, California) -- Collectors Universe, Inc. (NASDAQ: CLCT) has been named by Forbes magazine as one of America's Best Small Public Companies.
Collectors Universe (http://www.collectors.com) is the parent company of the world's most respected collectibles authentication and certification companies: Professional Coin Grading Service (http://www.pcgs.com) and Professional Sports Authenticator and PSA/DNA Authentication Services (http://www.psacard.com), and is owner of Expos Unlimited, organizer of the popular, three-times-a-year Long Beach (California) Coin, Stamp and Sports Collectible Expo (http://www.longbeachexpo.com).
Forbes listed Collectors Universe as number 50 in its recent, elite compilation of 100 of America's Best Small Public Companies. According to Forbes, "these companies are the best-performing public companies in the U.S. with sales under $1 billion."
Since its founding in 1986, PCGS experts have authenticated and graded over 27 million coins with an estimated market value of $27 billion. Since 1991, PSA experts have examined and certified more than 20 million trading cards, autographs and other entertainment and sports memorabilia with an estimated cumulative value of more than $1 billion. Collectors Universe is expected to reach the combined total of 50 million certified collectibles in early 2014.
In recent years the PCGS division has expanded into Europe and Asia. The company has opened offices and coin submission centers in Paris, Hong Kong and Shanghai as well as developed strategic partnerships with other companies in Beijing and Guangzhou, China.
"It's pretty awesome that a collectibles company gets recognized with such an impressive honor by such a prestigious financial publication. To me this is in keeping with the widespread and mainstream acceptance of the collectibles market. Collectibles are fun, and as we all know, the money can be serious too," said David Hall, President and Co-Founder of Collectors Universe.
PCGS authenticated the world's most valuable coin ever sold at auction, a 1794-dated silver dollar that is believed by many experts to be the first silver dollar struck by the United States Mint. It sold at auction earlier this year for a record $10 million.
Robert G. Deuster, Collectors Universe Chief Executive Officer, said the company was ranked by Forbes on return on equity, sales growth and earnings growth over the past year and the past five years.
"All of us at Collectors are proud of this recognition from Forbes, and it reinforces our belief we are offering the best service in the world for certifying and grading our customers' collectibles. Every day our team members work very hard to give our customers a great experience and deliver the assurance of the grading integrity and security they seek for their coin and sports memorabilia. Our company performance follows from the passion to deliver in this unique but global business," said Deuster.
Collectors Universe has a market cap of $144 million. The company has 250 employees and recorded revenues of $49 million in fiscal 2013.
In addition to its PCGS, PSA and Expos Unlimited divisions, the company also owns and operates important online resources and services for collectors and collectibles dealers including Certified Coin Exchange (http://www.certifiedcoinexchange.com); PCGS CoinFacts (http://www.pcgscoinfacts.com); PSA CollectibleFacts (http://www.psacollectiblefacts.com); and Coinflation (http://www.coinflation.com).
For additional information, contact Joe Wallace, Chief Financial Officer at Collectors Universe, by phone at (949) 567-1245 or by email at [email protected].