Recent

% | $
Quotes you view appear here for quick access.

Collectors Universe Inc. Message Board

SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    estimates for Q1

    by dbtunr Mar 19, 2015 10:20 AM

    card ticket prices are $8 vs $20 for coins. Card revenue is less than 25% of the total.

    the point about coins this quarter is this is supposed to be their busiest coin quarter and there is a big fall off.

  • Reply to

    estimates for Q1

    by dbtunr Mar 19, 2015 10:20 AM

    Have to know all the details in regard to how much more per coin they're getting by raising prices and if they have the same number of employees. I think in the long run it's a bad move to be raising prices because dealers might start selling out if their profit margins are cut too much. With cards; it's at the point where many dealers no longer bother getting graded but take good pictures and are trusted with their grading. I continue to hold and it's mostly for the dividends and in hopes of a slow rise back to $25. But have to watch how this goes if they keep raising prices and driving dealers and collectors away. DBTunr; I do notice that you only ever talk about coins, but you do have to look at more than just coins. Cards might be around 25 to 30% of their business so if cards see an uptick, than that has to be figured in as well. What surprises me about cards and is encouraging is that many dealers sell mostly newer cards from the past 10 years including lots from the past 2 years. So there might be a decent uptick in new card collectors and young collectors

  • Reply to

    Broker 1099's

    by leftymd Mar 20, 2015 12:08 PM

    fidelity is excellent company except for awful new website

  • Reply to

    estimates for Q1

    by dbtunr Mar 19, 2015 10:20 AM

    Final March numbers are in and they finished about 70K-80K coins below last year and maybe 10K-15K cards above last year. Flat revenue, maybe. Hard to gauge if some big, high value collections came in (Pogue)

    Declining volumes and flat revenue do not excite me. Backlogs are "low" as well.

  • Reply to

    virtually no backlog

    by dbtunr Mar 24, 2015 9:29 AM
    herpshepherd@ymail.com herpshepherd Mar 26, 2015 10:48 PM Flag

    That's because you chose "snail's pace" grading. For $60ea coin rather than $30, they'll cut that wait in half!!! All about $$$, of course.

  • Reply to

    virtually no backlog

    by dbtunr Mar 24, 2015 9:29 AM
    herpshepherd@ymail.com herpshepherd Mar 26, 2015 10:46 PM Flag

    Not at all surprised! Give better grades, get more business, simple as that!!!

  • Reply to

    virtually no backlog

    by dbtunr Mar 24, 2015 9:29 AM

    They ve had my coins 3 weeks , not graded yet....

    Sentiment: Hold

  • for the first time I have been following this company there is virtually no backlog. All the reported dates are at there target dates or +1 day for world. This is the busiest part of the year and there is no backlog. Unprecedented.

    There are reports on the message boards of people getting economy submissions back in 2 days. Economy...in 2 days.

  • Reply to

    Broker 1099's

    by leftymd Mar 20, 2015 12:08 PM

    same as last year. Switch to Fidelity and you won't have that issue. They waited until first week of March to send out the 1099

  • For anybody who sold CLCT in TY2014, you may be receiving a Revised 1099 from your broker as a result of a revision to CLCT Return of Capital. Already received 3 Corrected 1099's at this end.

    Sentiment: Hold

  • coin certs are about 80K BELOW last yr at this time. At $20/coin, a $1.6M shortfall. Some of that will be made up because they rose prices again. Another wildcard is the Pogue collection. It was announced in early January that PCGS was grading that set. Did they actually grade it in January or was it done last year? The set is estimated at $200M. Just a few hundred coins but the best all-time set. PCGS gets 1% for coins of that value or $2M. Probably cut a deal and got $1M. So does that one deal make up for the volume shortfall? Still don't know exactly when they got those coins and graded them. Could have been last quarter.

    Hard to therefore estimate revenue. The price rise and Pogue could give them FLAT coin revenue. But volumes are down by more than 10%. How will the street look at that? Something is off in that coin certs are down so much. They increased the dividend so they must have confidence. Not sure what to think here. I certainly don't like falling volume. No stock rises when volume decreases except the cigarette companies.

  • Reply to

    No seller's remorse yet...

    by about_that_stock Feb 11, 2015 3:25 PM

    They have been continually raising prices with a new price increase in January. Maybe that finally tipped the scales. Maybe the HSN's and Coinvaults didn't ship large amounts of Silver Eagles at the start of the year. No big Mint promotions. Aging collector base. Who knows? Does it matter? They publish the numbers. Why would you buy when numbers are low? Do what you want. If some squiggle on a chart tickles your fancy bone, then buy. I go by the numbers

  • Reply to

    No seller's remorse yet...

    by about_that_stock Feb 11, 2015 3:25 PM

    that doesn't help. any reason why? is it the metals prices still in the toilet? wouldn't think so for collectables as much as say bullion stackers.

  • Reply to

    No seller's remorse yet...

    by about_that_stock Feb 11, 2015 3:25 PM

    coin certs are through the floor

  • Reply to

    No seller's remorse yet...

    by about_that_stock Feb 11, 2015 3:25 PM

    but tempted to buy here thanks to the EO's selling.. at a support trend line from 2012 & after 3 red weeks. Looking good for a long chart wise.

  • Reply to

    huge coin fall off. Down 10%-20%

    by dbtunr Feb 19, 2015 9:32 AM

    their is a US company called PCGS Currency. Used to be owned by CLCT. They sold it years back for almost nothing as their was little volume. PCGS Currency pays them $50K/yr to keep the name PCGS.

  • Reply to

    huge coin fall off. Down 10%-20%

    by dbtunr Feb 19, 2015 9:32 AM

    Maybe the Chinese currency starts small but is good for the long term. The big drop in gold and silver the past month might hurt a bit, although January was a great month for the metals and your numbers would have included January so that's probably a wash. It could be what you said in that most investors have no clue of the numbers until they get reported. Your numbers are accurate and you post here before the company announces numbers. If I was a day trader I'd probably sell some shares and buy back 10% lower but I'll hold

  • Reply to

    huge coin fall off. Down 10%-20%

    by dbtunr Feb 19, 2015 9:32 AM

    they added Chinese currency but that seems like a small thing. I think the stock is still doing well because no one is aware of the huge falloff in volume. You think these funds are monitoring the home page of PCGS every day and noting how many coins they did compared to last year?

  • Reply to

    huge coin fall off. Down 10%-20%

    by dbtunr Feb 19, 2015 9:32 AM

    Thanks for the updates on the numbers. The stock continues to do well despite the insider selling and the lower coin numbers. Did they lay people off or come up with a faster and more efficient way of grading to lower the payroll time spent in grading? Or are there other collectibles being added besides coins and coins that have helped? Comic books, autographs, memoribilia, etc

  • Reply to

    huge coin fall off. Down 10%-20%

    by dbtunr Feb 19, 2015 9:32 AM
    herpshepherd@ymail.com herpshepherd Mar 1, 2015 4:17 PM Flag

    I never said to give the "wrong" grades. One of the most recognized current silver dollar dealers in the country recently told me: " If PCGS gave every silver dollar the grade that it EVENTUALLY ends up with( the first time around), they would have been out of business some time ago". That's actually based upon how many "upgrades" he's actually received from PCGS time & again! As far as reputation, I believe that PCGS has no real worries there, as NGC's is already "shot to pieces". Yet, NGC is still apparently trying (in vain, I think) to "salvage" their grading reputation with NOW trying to be "over-conservative". Less & less dealers & collectors will submit coins their way based upon this, I'm sure! There are more specific examples regarding ??? grading that I am personally aware of but will not mention them due to privacy issues! Also, as you mention, I can't understand why higher grades would lead to higher future warranty claims ? This would only seem to occur if the coins were unquestionably overgraded. Remember, the grading co's themselves leave that "cushion" of flexibility since grading is partially an "opinion"!!!

CLCT
22.56-0.05(-0.22%)Mar 31 4:00 PMEDT