Joe Orlando steps down as CEO of Collectors Universe. He has spent over 20 years with the mother company of third-party coin grading firm PCGS. Nat Turner has been appointed to the role. Turner was one of the investors who acquired PCGS in 2020.
Collectors Universe certainly benefits from the pandemic. Since the beginning of the year, the company quintupled its market capitalization! However, the reason for this development wasn’t the coin business but the booming collectible sports cards industry.
Professional Coin Grading Service will begin embedding Near Field Communication (NFC) technology in all its holders in October 2020. This enables collectors to tap these new holders with a phone, launching certification information right on the device’s screen.
The 1890 $1,000 Grand Watermelon was the first banknote to cross the million-dollar threshold at auction and is extremely rare. Now the piece featured on the cover of “100 Greatest American Currency Notes” has been certified and graded by PCGS Banknote.
Heritage Auctions has launched a new feature on its website that displays high-quality photographs of world and ancient coins taken by independent third-party grading companies whenever they are available for internet auction lots.