- British Royal Mint to Issue First Bullion Sovereign and Half Sovereign since 1982
NEWPORT BEACH, Calif. - Collectors Universe (Nasdaq: CLCT) announced it has been selected by the British Royal Mint as the exclusive distributor of the first 10,000 gold Sovereign and Half Sovereign Millennium Commemoratives. The British Royal Mint is marking the year 2000 with extraordinary Sovereign and Half Sovereign Millennium Commemoratives, the first bullion Sovereign and Half Sovereign coins struck since 1982. Mintage will be limited to only 250,000 of each.
The first 20,000 of these historic gold coins will be specially designated and shipped directly to the United States for distribution by two well-known California numismatics companies, Collectors Universe of Newport Beach and Ronald J. Gillio, Inc. of Santa Barbara.
Each of the first 10,000 Sovereigns and 10,000 Half Sovereigns struck will be accompanied by a certificate of authenticity indicating it was among the first coins produced. All of the first 20,000 coins will be encapsulated by Professional Coin Grading Service (PCGS), the world's largest third-party numismatic authentication and certification company. These Year 2000 Millennium Commemorative Sovereigns and Half Sovereigns will be marketed exclusively through Collectors Universe and its Internet site www.Collectors.com.
Furthermore, the certificates for the first 100 Sovereigns and Half Sovereigns will be individually numbered, 1 to 100, to distinguish the actual order in which the Royal Mint struck the coin. PCGS will authenticate the first 100 Sovereigns and Half Sovereigns using its PSA/DNA authentication method.
About Collectors Universe:
Collectors Universe is the leading provider of value-added services to collectors and dealers of coins, sportscards, sports memorabilia, rare currency, and rare records. Since 1986, the company has authenticated and graded over 7.1 million collectible coins, sportscards, stamps and autographs with a declared value of over $8.7 billion. Collectors Universe also conducts high-end collectibles auctions in a multi-venue format including Internet, telephone, and in-person bidding.
This news release contains forward-looking statements that involve risks and uncertainties, including, but not limited to: the company's limited operating history, unpredictability of future revenues, ability to sell Sovereign Commemorative coins, potential fluctuations in quarterly operating results, seasonality, competition, a possible decline in the popularity of some high-end collectibles, the limited availability of high-end collectibles, and the risk that Internet-based e-commerce providers could make exclusive arrangements with the company's competitors or other service providers. Certain of these risks and uncertainties, in addition to other risks, are more fully described in the company's Prospectus dated November 4, 1999, which was part of the company's Registration Statement on Form S-1 filed with the Securities and Exchange Commission and the company's Form 10-Q for the fiscal period ended October 2, 1999.
For more information please contact Collectors Universe Public Relations Manager Jennifer O'Kieffe at (949) 567-1325; P.O. Box 6280, Newport Beach, CA 92658; Public Relations.
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