The Cardinal Type Collection of Early Copper, a multi-million dollar display of over two dozen high-grade early American copper pieces including items from an all-time finest PCGS Set Registry collection, will be exhibited at the Long Beach Coin, Stamp & Collectibles Expo, June 3 – 5, 2010. The show will be held in the Long Beach, California Convention Center, 100 S. Pine Ave.

“This special exhibit is a superb collection of historic and rare private coinage from 1787 to 1792 and early items from the Philadelphia Mint from 1793 up to 1852. The collection was assembled by Martin Logies and will be exhibited courtesy of Bowers & Merena Auctions,” said Ronald J. Gillio, Expo General Chairman.

Highlights of the exhibit include the following coins that were part of the 2009 PCGS Best of Registry winner for Large Cents Basic Set:

1793 Chain AMERICA S-2 variety formerly in the Beckwith, Collins and Naftzger Collections and graded PCGS MS65BN;

1793 Wreath, Vine and Bars Edge formerly in the Naftzger Collection, PCGS MS69BN;

1794 Head of 1793 formerly in the Garrett Collection, PCGS MS64 BN;

and 1803 No Stems S-243, PCGS MS66RB, formerly in the Helfenstein and Naftzger Collections.

During the three-day Long Beach Expo more than 1,000 dealers will be buying and selling rare coins, paper money, stamps, postcards, historic documents, antiques, estate jewelry and other collectibles. Some dealers will provide free, informal appraisals for visitors.

A free gold coin door prize will be awarded each day to a lucky, registered visitor, and a children’s treasure hunt will be held on Saturday, June 5. A half dozen educational programs and collectors’ clubs meetings will be conducted during the show and will be open to the public.

Heritage Auction Galleries of Dallas, Texas (www.HA.com), the world’s largest collectibles auction house and the official auctioneer of the Long Beach Expo, will hold a public auction of U.S. coins in conjunction with the show.

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A decade after its first appearance, the precedent-setting “Ship of Gold” display showcasing California Gold Rush-era sunken treasure recovered from the 1857 shipwreck of the SS Central America again will dock in Long Beach, California.

The $10 million exhibit will be publicly displayed during the Long Beach Coin, Stamp & Collectibles Expo in the Long Beach Convention Center, 100 S. Pine Ave., February 4 – 6, 2010.

The three-day show also will feature an exhibit of the all-time finest set of early U.S. half dollars in the PCGS Set RegistrySM.

“The ‘Ship of Gold’ exhibit is coming out of dry dock and returning to its first port of call, the Long Beach Expo,” said Ronald J. Gillio, Expo General Chairman. “The eye-opening display on the convention center floor is housed in a specially-constructed 40-foot long representation of the famous ship’s hull. This will be the first public appearance of the ‘Ship of Gold’ exhibit anywhere in the country in six years.”

The exhibit is courtesy of Monaco Rare Coins of Newport Beach and involved months of work to coordinate the display with collectors who privately own and now have generously loaned many of the items for the exhibit, according to Adam Crum, Monaco Vice President.

“The ‘cargo’ on display will be examples of historic assayers’ ingots as well as San Francisco Mint and California territorial gold coins with a combined value today of over $10 million. One of the highlights is a huge, 662.28 ounce Kellogg & Humbert ingot. Weighing just over 55 troy pounds, it is the fourth largest gold bar recovered from nearly 8,000 feet blow the surface of the Atlantic Ocean where the Central America sank in a hurricane in September 1857 while carrying California gold from Panama to New York City,” said Crum.

There also will be one of the 13 recovered octagonal $50 gold pieces produced by the United States Assay Office of San Francisco, and the remains of a wooden cargo box that still contains approximately 110 Double Eagles as they were found on the ocean floor. Many appear to be 1857-S $20 gold pieces, apparently freshly struck at the San Francisco Mint when they were placed in the container for shipping. (more…)

Continuing Operations EPS of $0.22 for the quarter

NEWPORT BEACH, Calif., Nov. 9 /PRNewswire-FirstCall/ — Collectors Universe, Inc. (Nasdaq: CLCT), a leading provider of value-added authentication and grading services to dealers and collectors of high-value collectibles, today announced financial results for its first fiscal quarter ended September 30, 2009.

Overview

Continuing Operations First Quarter Fiscal 2010

For the first fiscal quarter of 2010, the Company reported net service revenues of $9.3 million, operating income of $1.8 million and income from continuing operations of $1.7 million, or $0.22 per diluted share. This compares to net service revenues of $9.0 million, operating income of $333,000 and income from continuing operations of $469,000, or $0.05 per diluted share for the first quarter of fiscal 2009.

Discontinued Operations First Quarter Fiscal 2010

For the three months ended September 30, 2009, losses from discontinued operations were $53,000 compared to losses from discontinued operations of $1.8 million or $0.19 per diluted share for the corresponding periods of fiscal 2009, reflecting the previously reported closure of our former jewelry businesses.

Net Income First Quarter Fiscal 2010

The resulting net income for the current first quarter was $1.7 million or $0.22 per diluted share compared to a net loss of $1.3 million, or $0.14 per diluted share for the first quarter of fiscal 2009.
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