Collectors Universe, parent company of PSA, will be expanding its existing headquarters and operations facility by an additional 62,870 square feet as the company pushes forward with plans to add automation to its grading and authentication procedures. CU has entered into an agreement with its landlord to occupy more space adjacent to its current facility at Pacific Center … [Read more...]
PSA Parent Company Adds 3 to Board of Directors
Collectors Universe, the parent company of PSA, has expanded its board of directors from five to eight members with three new additions. The company says the appointments are effective immediately. The move comes nearly three months after a private hedge fund that owns a significant piece of Collectors Universe wrote a letter to other shareholders in hopes of … [Read more...]
Notes: Big Spenders in Goldin Sale; PSA Accepting Subs in Top Loaders; Scripps Hobby Segment
His team is out of the playoffs again, but that’s not stopping bidders from putting up some big money in an attempt to snare a 1/1 example of one of his rookie cards. The 2013-14 National Treasures Horizontal (RPA) Giannis Antetokounmpo Autographed NBA Logoman Patch at Goldin Auctions is now at $760,000 with more than a week left in the bidding. With a 20% buyer’s … [Read more...]
Notes: 1950s Mascot Dog Food Set Update; 1st Bubble Gamers Sold; NBA Card Market Still Strong
The elements of a rare 1950s food issue set are coming together, thanks to Chuck Whisman of Wheatland Auctions. How rare are the cards from the Mascot Dog Food set? None of the 11 known cards on the checklist have more than three known copies today. You might remember our 2018 story from when Wheatland sold newly uncovered copies of the Mickey Mantle and … [Read more...]
PSA Reports Record Quarter Despite Temporary Shutdown; Hoping Robotics Can Increase Efficiency
You're all grading a lot of cards. Collectors Universe, the parent company of PSA, reported record revenue for the final fiscal quarter and fiscal year of 2020 on Wednesday and it was the card and autograph authentication business driving most of it. Collectors Universe, which is also known for its coin grading division, reported fourth quarter revenues of … [Read more...]
PSA Hires Long-Time Collector for New Customer Experience Role
Collectors Universe, parent company of PSA, has hired its first ever "Vice President of Customer Experience" and they’ve brought in a long-time collector and customer to handle the job. Dave Steinberger’s primary roles will be to develop better ways to communicate with collectors and expand the company’s communications content. The New York native has held executive … [Read more...]
Notes: Namath Rookie Jersey, Pujols Memorabilia Auctions; PSA Backlog Update, Show Pix
A former equipment manager for the New York Jets and Mets has turned over his collection to an auction now underway. One of the items up for grabs is a jersey attributed to Joe Namath’s 1965 rookie season. Herb Norman worked for the team during the Jets’ win in Super Bowl III but the jersey dates to a few years earlier, when Namath made headlines for spurning the … [Read more...]
PSA: Ultra-Modern Price Hike Temporary; Hiring Continues
Faced with continued unprecedented demand during the ongoing pandemic, PSA is now grading and authenticating deep into the night, has hired 45 new employees since early April and expanded its weekend hours to try and reduce an ongoing backlog of trading card submissions. The company says it has also added more than a dozen temporary employees while expanding its … [Read more...]
Notes: CSA Show Cancelled; PSA Modern Price Hike; Big $ for McDavid RPA; Topps T206
The Dulles Expo Center remains closed and on Sunday, CSA Shows announced its three-day July show has been cancelled. The company was also forced to cancel its April 3-5 show in the wake of original CDC guidelines. "We are working to make the best decisions for our staff, dealers, and customers," the company stated in a blog post. "That being said, The … [Read more...]
State Orders Shut PSA Offices Again; New Jersey, Too
Just one day after being allowed to re-open, PSA was again forced to shut down grading and authentication Friday, following a new "stay at home" order that has effectively shuttered all non-essential California businesses. The company posted this on its website: Pursuant to Executive Order N-33-20, issued on March 19, 2020 by the Governor of California, Collectors … [Read more...]