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Impressive Start to PCGS World Series of
Coin TradingTM
(Newport
Beach, CA) - One of the collectors participating in the PCGS World Series of
Coin TradingTM posted an impressive 30 percent profit in his fantasy $1 million
rare coin portfolio in the first two weeks of competition. The increase is
nearly double that of the top professional dealer in the contest.
Names
of the participants and contents of their portfolios have not yet been publicly
revealed. |
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The contest
began March 1, 2006 and is still open to collectors and dealers who are
competing for a top prize of $10,000 each in the Collectors and Professional
divisions, and $1,000 each in quarterly prizes. The contest ends December 31,
2006.
"The contest started with over 300 collectors and about 20
dealers. In only the first two weeks one collector already had a 30 percent
gain in his portfolio, and five collectors had 10 to 17 percent or higher
increases in value. The biggest gain in a dealer's portfolio in that same time
period was 17 percent, and three other dealers had 10 to 11 percent increases,"
said David Hall, President of Collectors Universe, Inc. (NASDAQ: CLCT) and a
founder of Professional Coin Grading Service.
The PCGS World Series of
Coin Trading is one of the activities celebrating the company's 20th
anniversary.
"The values of coins in the competitors' imaginary
portfolios are based on the PCGS Online Price Guide and coin availability is
based on the PCGS Population Report. Contestants can 'buy' any coin for their
portfolios, up to the portfolio size of $1,000,000, as long as the coin is
listed in the PCGS Online Price Guide, and does not exceed the number of
'available' coins listed in the current PCGS Population Report," explained Ron
Guth, PCGS President.
The Collector and Professional divisions'
contestants whose coin portfolios increase the most by December 31, 2006 will
each receive $10,000. There are also $1,000 quarterly prizes awarded in both
divisions to each trader whose portfolio goes up the most in each of the three
quarters ending June 30, September 30, and December 31.
The contest is
open to all PCGS Authorized Dealers and all members of the PCGS Collectors
Club. Compete rules are posted online at www.PCGS.com.
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Media Contact:
Rebecca
Tran (949) 567-1356
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| Publication Date: 03/14/2006 |
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