It’s a case of more good news means a little more bad news for PSA and PSA/DNA. The company continues to process a record-setting number of submissions and set revenue records, but the booming business continues to mean a backlog of orders. Late last week, PSA’s parent company, Collectors Universe, released its quarterly report for the first three months of the new … [Read more...]
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PSA Continues Record Growth
The grading of trading cards and autographs continues to be a booming business for PSA and PSA/DNA. PSA’s parent company, Collectors Universe, has released its financial report for the fourth quarter and fiscal year 2018. Service revenues for cards and autographs both set new records with an increase of $900,000 in revenue in the fourth quarter and $3.1 million in … [Read more...]
PSA Adds Terry Melia to Staff
A new job for hobby sports marketing veteran Terry Melia. And he won’t be calling any moving companies. The former Public Relations Manager at SCP Auctions has landed a similar role at PSA, also located in southern California. Melia is no stranger to cards and memorabilia. Over the past 20 years, he's also worked in marketing and media roles at Upper Deck and … [Read more...]
CU Revenue Pushes Near $20 Million for Quarter
Business continues to boom according to Collectors Universe, parent company of PSA and PSA/DNA. The company announced results for the first fiscal quarter of 2018 on Thursday, reporting a 25% increase in revenue to a record $19.8 million, up from $15.7 million in last year’s first quarter. Company officials say it was driven by a $3.5 million, or 35%, increase in coin … [Read more...]
Collectors Universe Move Coming This Month
Collectors Universe expects to move its offices to a new Southern California location this month. As we reported earlier this fall, the company received a $3.5 million, five-year loan to help finance the project. The company says the move is “due to continued success and growing demand” for its services, which include grading trading cards through its PSA division, … [Read more...]
Orlando Promoted to Collectors Universe President; Sloan New PSA VP
Joe Orlando, president of Professional Sports Authenticator and PSA/DNA has been named the Chief Executive Officer of PSA parent company, Collectors Universe, Inc., the company’s Board of Directors announced Monday. Orlando has served as the President of PSA and PSA/DNA since 2002. He assumes responsibilities from Robert Deuster, CEO since 2012, whose retirement … [Read more...]
Collectors Universe Gets Loan to Help Build New Corporate Office
Collectors Universe, Inc., the parent company of PSA and PSA/DNA has obtained a $3.5 million five-year loan to help fund a new corporate headquarters in southern California. CU says it’s entered into an agreement with California Bank & Trust, for the loan, part of which will also be used for general corporate purposes. The building will be located at 1610 East St. … [Read more...]
Notes: Dealer’s Comics Sell for $1 Million+; Goldin’s Harvey Auction; Grading Revenue Up
The owner of West Coast Sports Cards in Federal Way, WA, is donating some of the proceeds from the sale of more than $1 million in rare comic books to charity. Darren Adams, who also owns Pristine Comics, sold high-grade copies of three vintage books on eBay. “All Star Comics #8” rated 9.4 fetched $936,223, “Sensation Comics #1” graded 9.6 went for $399,$100 and … [Read more...]
Notes: New Management for Philly Show; Heritage Chicago; Hackman Autos Selling
Hunt Auctions has turned over management of the long-running Philadelphia Sports Card & Memorabilia Show to Joe Drelich and East Coast Sports Marketing. The move is effective with the upcoming March event. The Philly Show began back in the 1970s, when it was created and operated by the Eastern Pennsylvania Sports Collectors Club. East Coast Sports … [Read more...]
Notes: PSA Facts & Figures; Upper Deck Signs Roy; Packers Memorabilia
PSA and PSA/DNA have certified over 27.4 million items since its 1991 founding, with an estimated value of $2 billion. Demand for its services has increased significantly in recent years. PSA and PSA/DNA now certify 150,000 items per month. The information was offered by executives representing Collectors Universe, parent company of PSA and PSA/DNA. They … [Read more...]
