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PCGS Currency Group Sold


oldbucks

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FYI

 

Jeff

 

Effective February 4, 2009, PCGS Currency is no longer a division of Collectors Universe, Inc. The PCGS Currency division has been sold to a new company led by current management, including Jason W. Bradford, President, and Laura A. Kessler, Vice President.

 

PCGS Currency will continue to operate out of their current Newport Beach location, and clients are advised that all contact information and shipping info remains the same as before. Submissions that are currently in-house will be graded and shipped as scheduled.

PCGS Currency will retain its website, population report data, Currency Set Registry program, as well as manage and maintain the Currency Message Boards.

 

“This is an exciting and important step for our company,” said Bradford, who will continue in his roles as PCGS Currency President and lead grader and finalizer. “We have passed the start-up stage of our business, and are now entering into an exciting time of growth that we feel can be managed better outside the confines of a publicly traded company. By moving our business to a private enterprise organization, we can take advantage of increased efficiencies and reduced overhead to provide better and faster service to our clients.”

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Interesting news, will they keep the PCGS name? "Professional Coin Grading Service" never really fit with notes as far as I could tell, so maybe this will provide a new naming opportunity for them.

 

I think they will keep the same name, but I don't know for sure. I think they will be free to pursue some ideas that before may have been met with a lot of red tape and procedure.

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