Collectors Universe, parent company of PSA, reported another quarter of record revenue on Monday. The publicly traded grading and authentication company released figures from the first quarter of fiscal 2021, which included a 52% hike in revenues to a record $30.8 million.
Total revenues increased $10.6 million, or 52% year-over-year, to $30.8 million in the first quarter of fiscal year 2021, driven by record momentum in trading cards and autographs, which delivered a year-over-year revenue increase of $10.5 million to $18.6 million, representing a 130% growth rate.
To cut into the ongoing flood of submissions, the company recently leased an additional 62,870 square feet of space at its Southern California headquarters. The move doubles the square footage available to accommodate anticipated future growth.
“We plan to continue investing in our operations, in terms of personnel, capacity and technology,” said CU CEO Joe Orlando. “Some of these actions will bear fruit immediately, as we showcased in the first quarter, while others will potentially be key contributors to the long-term evolution of our company, which can help drive increased shareholder value.”
Shares of Collectors Universe closed at $57.95 on Monday.
Do cello packs of 1966 Topps baseball exist?
Apparently, they do.
Heritage Auctions has taken in a large consignment of material that includes a hoard of 7th series packs and they’ll be up for auction next year.
A photo tweeted out by the company Monday showed about a box worth of raw packs that will undoubtedly be heading off for grading and authentication. A Willie McCovey sits atop one pack.
While cello packs of ’66 Topps do exist, PSA has never authenticated a pack from the 7th series. There were 12 cards and a stick of gum per 10-cent pack.
The consignment also included numerous 1975 Topps rack packs.
A new copy of the crazy rare 1950s Mascot Dog Food Mickey Mantle card has been graded by PSA.
You might remember our coverage of Mantle and Berra cards from the rare set that were sold by Wheatland Auctions a couple of years ago.
Since then, more cards have surfaced, but fewer than five copies of each of the 11 cards in the set were known to exist.
The Mantle received a 5 (EX) grade from PSA and is the first ever graded by the company. Beckett graded the Mantle sold by Wheatland in 2018. It was a 1.5 that sold for $23,600 so the newly graded card should go for a huge price if it’s coming up for sale. There was no immediate word on who owns it or is preparing to sell it.
Best-selling author Jonathan Eig isn’t a traditional collector but he began accumulating Muhammad Ali memorabilia while writing the 2017 book “Ali: A Life,” his highly regarded biography of the legendary fighter.
In a fascinating chap with David Peterkofsky on the For Keeps podcast, he talked about acquiring some very personal. unique items and more: