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- From jagre@attbi.com Tue Feb 11 11:40:37 2003
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Date: Tue, 11 Feb 2003 19:40:35 -0000
To: colonial-coins@yahoogroups.com
Subject: Re: [Colonial Numismatics] QDB and Collector's Universe
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From: "colonialcoinunion <jagre@attbi.com>" <jagre@attbi.com>
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I don't know the specifics of the situation, but I would certainly
agree that things must have been pretty bad - probably more like
horrendous - for CU to make this move.
The timing of the move - January after poor LY results - is typical,
but I have to assume this had been 'in the works' for a long time.
I've seen it many times before - sell out to the big boys and make
big money with the potential for much more. Everythings great as
long as you deliver. Miss your numbers - repeatedly - and be shown
the door.
External indications of B&Ms business looked lousy to me. Generally
stagnant inventories, what have to be hugely inefficient mailings vs
Heritage and others with their state of the art websites, etc.
JA
--- In colonial-coins@yahoogroups.com, "mantoloking2002
<rogersiboni@a...>" <rogersiboni@a...> wrote:
> Actually......
>
> I remember Dave Bowers making that statement after he sold his
> Company to Collectors Universe....oh well...
>
> BTW, I too regret Dave Bowers leaving B&M for all the obvious
> reasons. However, it doesn't all add up to me. You have to beleive
> that the folks at Coin Universe, a public company, have some
thought
> process going through their heads. After all, they paid a big
premium
> for B&M just a couple of years ago, and in so doing secured the
> services and involvement of QDB. They had to have some idea of the
> reprecussions of forcing him out now. So what was their reason(s)
for
> making such a contraversial move? If it was financial, things must
> have been pretty bad to risk the auction business in this way.
> Alternatively, did they perceive there was bigger money in moving
> bullion than auctions? Was there a philosophical rift between QDB
and
> CU about collector care. I just assume most business moves are
> predicated on some basis of logic...and I don't yet see it here.
>
> My two cents,
>
> Roger
>
>
> --- In colonial-coins@yahoogroups.com, "THOMAS F. MADIGAN, III-"
> <madcoins@e...> wrote:
> > I seem to remember reading that, many years ago, in blurb from
> either NGC or PCGS.
> > How times change....
> > Tom
> > ----- Original Message -----
> > From: rg5turc@a...
> > To: colonial-coins@yahoogroups.com
> > Sent: Tuesday, February 11, 2003 3:48 AM
> > Subject: Re: [Colonial Numismatics] QDB and Collector's Universe
> >
> >
> > In a message dated 2/10/03 12:11:00 PM Eastern Standard Time,
> njraywms@o... writes:
> >
> >
> > While I'm on my soap box, I personally have wondered about
what
> I perceive as a conflict of interest when the same company that
sells
> slabs is also doing the slabbing
> >
> >
> > Hi Ray,
> >
> > I recall reading a statement or comments from one of the
slabbing
> organizations...that employees or owners were not involved in the
> sales of numismatic items in order to maintain a unbiased position
> with grading coins. Can anyone verify if this was a policy of
> the "grading services"?
> >
> > Ray T.
> > To unsubscribe from this group, send an email to:
> > colonial-coins-unsubscribe@egroups.com
> >
> >
> >
> > Your use of Yahoo! Groups is subject to the Yahoo! Terms of
> Service.
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