Thanks for the continued updates - unless the insiders are selling stock there doesn't seem much available - I doubt I'll ever have a full position in this stock until something radically changes - when I may not want it of course - LOL
says at current burn with no improvement, company has 3 more years of dividend payments. Ample time to get and evaluate if dividend will be maintained
over $100K in last 30 days. Don't know what happened but this will have a negative effect of 1c off GAAP EPS
Coin certs are trending higher than last year. Will have preliminary qtr numbers in 2 weeks.
Many of these get graded by PCGS
U.S. Mint to resume selling platinum coins
1:10 p.m. CST, March 5, 2014
The U.S. Mint said it will resume selling its American Eagle platinum bullion coins on March 10, ending a four-year exit from the market, due to renewed interest from investors and dealers.
The U.S. Mint will offer the platinum bullion coins at a 4 percent premium over the spot price. Only 1-ounce coins will be sold, the Mint told authorized dealers in an email on Tuesday that was seen by Reuters.
Tom Jurkowsky, U.S. Mint's director of corporate communications, told Reuters the Mint notified its authorized purchasers about the platinum coin sales on Tuesday.
The Mint has built up an inventory ahead of the coins going on sale, the email said.
Michael Kramer, president of Manfra, Tordella & Brookes, a major U.S. coin wholesaler in New York, said dealers have already received significant advanced orders following Tuesday's notice.
"We have already sold 1,000 of them without even trying," he said.
The Mint stopped producing platinum bullion coins in 2008 as collectors and retail investors bought fewer coins after prices soared at the start of that year. Interest turned to gold coins as a safe-haven investment later that year at the height of the world economic crisis.
Distributions that qualify as a return of capital are not dividends. A return of capital is a return of some or all of your investment in the stock of the company. A return of capital reduces the basis of your stock. For information on Basis of Assets, refer to Topic 703. A distribution generally qualifies as a return of capital if the corporation making the distribution does not have any accumulated or current year earnings and profits. Once the basis of your stock has been reduced to zero, any further non-dividend distribution is capital gain.
I would rather get them late and have them be correct than have gotten incorrect and filed already
Schwab just sent out revised 1099's........looks like 33% of CLCT divs are now classified as ROC so you were correct
Fidelity adjusted my cost basis by lowering the corresponding amount that was considered return of capital. So when I sell, I will pay more cap gains tax. It's a wash because the shares are now long term shares
In taxable accounts one needs to keep good records of reinvested dividends and the quantity of shares purchased with each case of reinvestment. If I were to reinvest dividends as they are received, I prefer to do it in a retirement account....less record keeping.
Can you explain this better? And do you know how it works if the dividends are paid to represent shares? I don't get dividend checks with dividend stocks; I get added shares; like sometimes fractions or maybe 1 1/2 shares or even less
Fidelity just put them online today. I called two weeks ago and asked why they were so late and they said they were in contact with the company and wanted to classify the divs correctly so they didn't have to send corrected forms out.
50Mth item announced
next announcement will be next ex-dividend date. Will most likely be announced end of April. So 2 months of waiting. I think I can find a good entry point between now and then especially if insiders sell and shorts continue to build.
got my Tax Form from Fidelity today. 34% of distributed dividends are not taxable, must be return of capital or something like that. Makes me like CLCT even better
If it wasn't for the ATM tax which effects me, my CLCT dividends would have effectively been taxed at 10%. In retirement, they would have been 10% for me
PCGS-Certified MS66+ 1888-O Morgan Becomes 50 Millionth Item Certified By Collectors Universe
- February 26, 2014
Don Willis places 50 millionth label
PCGS President Don Willis personally placed the 50,000,000 insert label into the holder for the coin that became the 50 millionth item certified by Collectors Universe. (Photo by Donn Pearlman.)
An important and historic milestone has been reached by Collectors Universe, Inc. (NASDAQ: CLCT), the parent company of Professional Coin Grading Service. On February 26, 2014, PCGS authenticated and graded a coin that became the 50 millionth item certified by Collectors Universe.
"We opened our doors for business in February 1986 and we received 18,000 coins for grading that very first month, a number far in excess of what we expected. The next month we received 35,000 coins, and we have been growing steadily since. Now just a few weeks after our 28th anniversary of being in business, we've reached the 50,000,000th milestone because collectors and dealers worldwide have put their trust in the assurance and market liquidity that Collectors Universe's expert, third-party grading and authentication provide," said David Hall, President and Founder of Collectors Universe.
"They've come to us year-after-year to certify the authenticity of some of the world's most valuable rare coins, trading cards, game-used baseballs, bats and other sports memorabilia, autographs and historical documents."
The landmark achievement of certifying the 50 millionth item occurred at the American Numismatic Association National Money Show in Atlanta, Georgia when a team led by PCGS President Don Willis certified the authenticity and grade, PCGS MS66+, of an 1888-O Morgan dollar. It was submitted by Mike Newman of Augusta, Georgia, a member of the PCGS Collectors Club.
up 27K from last report. These guys are going to be trapped when they see the company added $1.5M to cash this quarter. Good volume last two days.
I'm still on sidelines.
one of the posters on the PCGS US coin forum posted this. The stolen coin almost exactly matches the coins found. He probably spent a few in his day and buried the rest. Would explain their uncirculated condition
Could it be that Chief Clerk Walter Dimmick had betrayed the trust placed in him? It certainly seemed that way when the San Francisco Mint discovered that six bags of gold coins were missing from one of the vaults, together worth $30,000!
Only someone who could open the vault and had free access to the building could have removed that many heavy coins without being detected.
The Chief Clerk, Walter Dimmick, was able to get into the vault at the time the money was stolen. He was also the last one to count the bags of coins every night before the vaults were closed. Yet he denied knowing where the money might be.
Since he had already been caught learning to sign the Superintendent's name (forgery), taking money from the pay envelopes of other Mint employees (theft), and stealing other government funds in his care, a jury eventually found him guilty of stealing the $30,000 in gold double eagles and of two other charges.
At 46 years old, Walter Dimmick began to serve his time (almost seven years of hard labor) at the San Quentin prison in California. The 1,500 gold coins were never found.
Maybe Amazon is doing a promotion and wants to break into this area and is doing it for free. Maybe Amazon wants a site that competes with Ebay for coins. No one knows and everyone is scratching their heads on this choice.
I also think the better coins have already been bought by members of PCGS, hence their stock sales and rumors of buying coins.
dbtunr; I had a question related to this article. Why would they sell these coins on Amazon instead of auctioning them off on ebay? I thought Amazon is only fixed price and doesn't have auctions. TO me it makes no sense to do fixed price when the hype surrounding these could drive some auction prices sky high