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Coin Collecting NewsCollectors Finance Corp. Offers Increased Loans
(Santa Ana, California) – Collectors Finance Corporation (CFC) has increased its loan-to-value rates to offer collectors and dealers additional cash for loans onPCGS-certified coins held as collateral.
“We’re now lending 75 percent of the value of PCGS-graded generic gold and vintage coins; 65 percent on certified modern coins; and 80 percent of metal value on certified bullion coins,” said Mike Lewis, President of CFC, a division of Collectors Universe, Inc. (NASDAQ: CLCT).
“Our key dealers requested that we increase our loan-to-value rates so they could have more opportunities to participate in the hot market for high-end, vintage coins. We’ve been able to increase these rates for coins because of their recent history of limited negative-price variability and their improved market liquidity.”
The interest rate charged by CFC is Prime Rate plus four percent, and loans can be made for a maximum term of one year.
For additional information, contact Mike Lewis at Collectors Finance Corporation by phone at (888) 469-2646 extension 375 or by e-mail at MLewis@collectors.com.
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About the Author
Collectors Universe, Inc. is a leading provider of value added services to the high-value collectibles and diamond and colored gemstone markets. The Collectors Universe brands are among the strongest and best known in their respective markets. We authenticate and grade collectible coins, sports cards, autographs, stamps, currency, diamonds and colored gemstones. We also compile and publish authoritative information about United States and world coins, collectible sports cards and sports memorabilia, collectible stamps, diamonds and colored gemstones.
