Hello,
I'm located in the great white north.
I'd like to ask if any has heard of such proposals?
pcgs, ngc, possibly anacs jointed companies going internationally public?
Under the umbrella of Blackstone.
I may use ICG more often.
Joint umbrella corporation?
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___________________________________________________________________________________________________________
You also agree to follow these guidelines. You must agree to these rules to be a member of this forum. NO SPAM! Spam is deleted within minutes, no spam will ever be left in our community.
1. Post a front and back image of your coin with a specific question about what you’re seeing or asking about and one coin per topic.
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3. Images should be taken by a camera or cell phone camera, we ask that members don’t use images through a microscope screen.
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- OldSilverDollar
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Re: Joint umbrella corporation?
It sounds like a fun idea but both NGC & PCGS together might ruin the duopoly they have. these are service companies with distinct identities that combined might cause customers to lose confidence in the service then seek a new alternative.
As far as Anacs & ICG they are both private companies run more like a mom&pop while they hold a small marketshare by a small loyal following and offering a low cost solution meanwhile NGC & PCGS have both raised prices several times this year alone while restricting or doubling requirements for certain services already paid by members. both NGC & PCGS will keep rising prices as both have new owners expecting more profits.
What would be a fun idea is if Anacs bought CAC! =)
As far as Anacs & ICG they are both private companies run more like a mom&pop while they hold a small marketshare by a small loyal following and offering a low cost solution meanwhile NGC & PCGS have both raised prices several times this year alone while restricting or doubling requirements for certain services already paid by members. both NGC & PCGS will keep rising prices as both have new owners expecting more profits.
What would be a fun idea is if Anacs bought CAC! =)
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Re: Joint umbrella corporation?
For NGC - This was in Numismatic News:
Blackstone (NYSE:BX) announced today, July 1, that funds managed by its Tactical Opportunities business (Blackstone) have agreed to acquire a majority stake in the Certified Collectibles Group (CCG) in a transaction valuing the company at more than $500 million.
CCG is the parent company of Numismatic Guaranty Corporation (NGC), Numismatic Conservation Services (NCS) and Paper Money Guaranty (PMG), among others.
Mark Salzberg, CCG’s founder, and Steven R. Eichenbaum, CCG’s CEO, will retain a significant minority stake, according to the announcement.
https://www.numismaticnews.net/us-coins ... ortunities
For PCGS - Here is their article:
On Nov. 30 it was announced that all shares of publicly held Collectors Universe, Inc. will be purchased by D1 Capital Partners, L.P. and Cohen Private Ventures, LLC for $75.25 cash per share. In doing so, the parent company of the Professional Coin Grading Service (PCGS) which operates grading and related services for coins, currency, trading cards, event tickets, autographs, and historical and sports memorabilia, will become privately owned. The transaction is expected to close in the first quarter of 2021.
https://www.numismaticnews.net/us-coins ... tely-owned
Does that mean they may someday be combined? Who knows?
Blackstone (NYSE:BX) announced today, July 1, that funds managed by its Tactical Opportunities business (Blackstone) have agreed to acquire a majority stake in the Certified Collectibles Group (CCG) in a transaction valuing the company at more than $500 million.
CCG is the parent company of Numismatic Guaranty Corporation (NGC), Numismatic Conservation Services (NCS) and Paper Money Guaranty (PMG), among others.
Mark Salzberg, CCG’s founder, and Steven R. Eichenbaum, CCG’s CEO, will retain a significant minority stake, according to the announcement.
https://www.numismaticnews.net/us-coins ... ortunities
For PCGS - Here is their article:
On Nov. 30 it was announced that all shares of publicly held Collectors Universe, Inc. will be purchased by D1 Capital Partners, L.P. and Cohen Private Ventures, LLC for $75.25 cash per share. In doing so, the parent company of the Professional Coin Grading Service (PCGS) which operates grading and related services for coins, currency, trading cards, event tickets, autographs, and historical and sports memorabilia, will become privately owned. The transaction is expected to close in the first quarter of 2021.
https://www.numismaticnews.net/us-coins ... tely-owned
Does that mean they may someday be combined? Who knows?