Collectors Universe Launches New Service in Professional Coin Grading Service Division Collectors Universe, PCGS's new service will provide attributions to more than 3,000 die-varieties defined by the Comprehensive Catalogue and
Encyclopedia of Morgan & Peace Dollars.
News-Antique.com - Nov 30,-0001 - Collectors
Universe, Inc. (Nasdaq: CLCT), a leading provider of value-added authentication and grading and other value-added services to dealers and collectors of high-value collectibles, announced today that it has initiated a new service to provide attributions according to the die-variety of Morgan design and Peace design Silver Dollars. Currently, the Company's Professional Coin Grading Service ("PCGS") Division provides authentication and grading of these highly popular coins. PCGS's new service will provide attributions to more than 3,000 die-varieties defined by the Comprehensive Catalogue and
Encyclopedia of Morgan & Peace Dollars, and assigned variety numbers with a "VAM" number notation named after the authors of the book, Van Allen and Mallis.
David Hall, President of Collectors Universe and founder of PCGS, stated, "The coin collecting trend is rapidly moving in a more sophisticated direction. Collecting by die-variety has become very popular in the past few
years and Morgan and Peace dollar 'VAM' variety collecting is a heavily concentrated area of coin collecting. We charge an additional $15 per coin for die-variety attribution and the service is available for both coins that PCGS has previously graded and coins that are coming to us for the first time.
Initial reaction to this new service has been very positive and we plan to expand die-variety attribution services into other popular coin series." The Morgan and Peace Silver Dollars have become one of the most popular series of U.S. coinage for collectors. Due to the large number of collectors and interest in the large number of die-varieties supported by the publication of the Comprehensive Catalogue, attribution of the specific die-varieties is
important to the many serious collectors whose goal is to collect complete sets of these coins. In the comprehensive Catalogue, experts estimate there to be over 100 million uncirculated Morgan and Peace Silver Dollars that have
not been attributed by die-variety.
Michael Haynes, Chief Executive Officer of Collectors Universe, added, "We believe the expansion of our coin service offerings to provide attributions represents a new growth opportunity for PCGS. In order to satisfy anticipated customer demand for this service, we have added experts in the areas of attribution to support these coins and other die-varieties going forward.
Additionally, we have acquired publishing rights for the Comprehensive Catalogue and Encyclopedia of Morgan & Peace Dollars and are preparing to publish other books and online reference material relating to other coin series that have high levels of interest in die-varieties as expressed by collectors."
About Collectors Universe
Collectors Universe, Inc. is a leading provider of value added services to
the high-end collectibles market. The Company authenticates and grades
collectible coins, sports cards, autographs, stamps and currency. The Company
also compiles and publishes authoritative information about United States and
world coins, collectible sports cards and sports memorabilia and collectible
stamps. This information is accessible to collectors and dealers at the
Company's web site, http://www.collectors.com, and is also published in print.
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