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<p>[QUOTE="Robidoux Pass, post: 3874677, member: 96691"]One needs to recognize that the PCGS coin grading and the PCGS currency grading were completely separate divisions of Collectors Universe. The two (coin and currency) should not be mixed up; what applies to one does not apply to the other. Collectors Universe also had other grading and authentication subsidiaries such as for sports cards. They used to have one for grading and authenticating stamps but I don't think they have that one anymore. </p><p><br /></p><p>Because financial performance was not as expected, Collectors Universe in 2009 sold the contents and operation of the currency division for a significant sum to Jason Bradford and Laura Kessler, operating under the legal name of K3B. Simultaneously, Collectors Universe licensed the name "PCGS Currency" to K3B for 10 years and the agreement did have a clause for renewal for one more 10-year term. Thus K3B operated under the name "PCGS Currency" although they were completely independent of Collectors Universe. The first 10-year license agreement expired this year and the 2nd 10-year license was not implemented as Collectors Universe and K3B have had some legal wrangling in the last few years. Keep in mind that Collectors Universe opened a paper money grading business in China under the name (if I recall correctly) PCGS Bank Note Grading. They could not use the name PCGS Currency as they had given the specific license for that name to K3B. </p><p><br /></p><p>The result is that in 2019 Collectors Universe has now reclaimed the licensed name of PCGS Currency. However, I don't see how that entitles them to the work product of K3B over the last 10 years. Keep in mind that Collectors Universe sold the currency division to K3B. They would have to make other arrangements to obtain K3B's work product during the ten years that Collectors Universe did not own the work product of K3B operating under the licensed name of PCGS Currency.</p><p><br /></p><p>It'll be interesting how this ultimately turns out.[/QUOTE]</p><p><br /></p>
[QUOTE="Robidoux Pass, post: 3874677, member: 96691"]One needs to recognize that the PCGS coin grading and the PCGS currency grading were completely separate divisions of Collectors Universe. The two (coin and currency) should not be mixed up; what applies to one does not apply to the other. Collectors Universe also had other grading and authentication subsidiaries such as for sports cards. They used to have one for grading and authenticating stamps but I don't think they have that one anymore. Because financial performance was not as expected, Collectors Universe in 2009 sold the contents and operation of the currency division for a significant sum to Jason Bradford and Laura Kessler, operating under the legal name of K3B. Simultaneously, Collectors Universe licensed the name "PCGS Currency" to K3B for 10 years and the agreement did have a clause for renewal for one more 10-year term. Thus K3B operated under the name "PCGS Currency" although they were completely independent of Collectors Universe. The first 10-year license agreement expired this year and the 2nd 10-year license was not implemented as Collectors Universe and K3B have had some legal wrangling in the last few years. Keep in mind that Collectors Universe opened a paper money grading business in China under the name (if I recall correctly) PCGS Bank Note Grading. They could not use the name PCGS Currency as they had given the specific license for that name to K3B. The result is that in 2019 Collectors Universe has now reclaimed the licensed name of PCGS Currency. However, I don't see how that entitles them to the work product of K3B over the last 10 years. Keep in mind that Collectors Universe sold the currency division to K3B. They would have to make other arrangements to obtain K3B's work product during the ten years that Collectors Universe did not own the work product of K3B operating under the licensed name of PCGS Currency. It'll be interesting how this ultimately turns out.[/QUOTE]
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PCGS will start grading paper currency again
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