PCGS SOLD, NEW COIN DESIGNS, SOARING SILVER

In November, the news was that an investor group led by American billionaire hedge fund manager and majority owner of the New York Mets Steven A. Cohen and collector Nat Turner plan to acquire Collectors Universe (NASDAQ: CLCT) for about $700 million.

- Mike Fuljenz

Collectors Universe is the parent company of PCGS (Professional Coin Grading Service) and PSA (Professional Sports Authenticator). Over nearly 35 years, PCGS has examined and certified more than 45 million U.S. and world coins, medals, and tokens with a combined value of over $41.7 billion.

PCGS announced the addition of three experts and the promotion of one in December 2020. Jamie Kiskis of PCGS parent company Collectors Universe was named Vice President of Product Development; Mark Ferguson was named PCGS Senior Price Guide Consultant, and Peter Anthony was appointed PCGS Modern Chinese Coin Consultant. Joshua McMorrow-Hernandez was promoted to Editor-in-Chief of Rare Coin Market Report.

I see this very positive transaction as further validation of what NGC (Numismatic Guaranty Corporation) Chairman Mark Salzberg stated in my previous column. Mark said: “For years, I have said that collectibles are an emerging asset class. Now truly is an exciting time to be part of the collectible community.”

COUNTDOWN TO THE “ROARING TWENTIES” OF NEW COIN DESIGNS

New coin designs are coming next year.

First, we are likely to see new versions of the Morgan and Peace dollars in 2021 to mark the centennial year of the final Morgan dollar and first Peace dollar in 1921. In mid-2021, we will also see a change in the reverse design of the gold and silver American Eagle bullion coins.