Collectors Universe, Inc. (CLCT) Enters Multi-Year Agreement with Leading Chinese Distributor of Gold and Silver Products
Collectors Universe, Inc. (NASDAQ: CLCT), a leading provider of value-added services to the high-value collectibles market, recently announced that its subsidiary, Collectors Universe (Shanghai) Company Limited, has entered into a multi-year deal with Guojin Gold Co, Ltd. (“Guojin”), a distributor of gold and silver products in China. Under the terms of this deal, CLCT’s Professional Coin Grading Service (PCGS) division will provide coin grading services to Guojin beginning in the second half of 2016 and continuing through 2020. Guojin will leverage existing bank distribution channels to dispense the graded coin products. “Our agreement with Guojin demonstrates the significant progress we…