I just heard about this sale.

Discussion in 'US Coins Forum' started by Insider, Nov 30, 2020.

  1. Insider

    Insider Talent on loan from...

    Collectors Universe to be Acquired by Investor Group Led by Entrepreneur and Collector Nat Turner for Approximately $700 Million
     
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  3. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    So they're taking it private?

    Got a press release? Or link to info?
     
  4. CoinCorgi

    CoinCorgi Derp, derp, derp!

  5. Rick Stachowski

    Rick Stachowski Well-Known Member

    Time to dump their ( collectors universe ) stocks .
    No more public market...
     
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  6. Insider

    Insider Talent on loan from...

  7. baseball21

    baseball21 Well-Known Member

  8. baseball21

    baseball21 Well-Known Member

  9. jtlee321

    jtlee321 Well-Known Member

    I thought he was going to buy ICG and make it a world class grading company...

    Ed-Wood-Bean.jpg
     
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  10. baseball21

    baseball21 Well-Known Member

    I wish he posted more, it's always a good time lol
     
  11. jtlee321

    jtlee321 Well-Known Member

    I think he realized that just like guessing a grade after a reveal, it's easier to take a world class grading company and keep it a world class grading company. :D
     
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  12. baseball21

    baseball21 Well-Known Member

    Haha, I just hope he opens that Manhattan office for it so I can get faster turn around times
     
  13. ddddd

    ddddd Member

    So what is the general consensus of what this will mean for PCGS?
    Better? Worse? About the same?
    Will grading fees increase?
     
  14. CamaroDMD

    CamaroDMD [Insert Clever Title]

    I doubt much will change honestly. CU is also much more than just PCGS. They have a very wide range of other brands that are also successful. I can't imagine they would change much.
     
  15. Lehigh96

    Lehigh96 Toning Enthusiast

    One day after the rumors that Ed Wood was buying ICG, CU sells out. They saw the writing on the wall, they know what is coming, and they want no part of Ed Wood.
     
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  16. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    Hey, keep it on focus guys and no politics. Take that to General or elsewhere.
     
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  17. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    These are the very valid questions I immediately had.
     
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  18. Silverpop

    Silverpop Well-Known Member

    not amazed at the news it just a matter of time before they got bought out or merged with another company
     
  19. baseball21

    baseball21 Well-Known Member

    Likely nothing. If anything it takes away the ability for people to try and attack them for being public. It doesn’t seem like a hands on style investment like if the wood group would have taken it over LOL. Regardless they could always go public again if they wanted
     
  20. CoinCorgi

    CoinCorgi Derp, derp, derp!

    Yes, the thread about the virus got religious and Peter nuked it - in its entirety.
     
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  21. ddddd

    ddddd Member

    We will see as more announcements are made.
    Currently everything seems to have slowed down but I'm not sure if that has anything to do with the sale (maybe increase in submissions, more stringent lockdown measures, and fewer employees available to handle daily tasks).
     
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