Quote:
Originally Posted by mechanicalman
Jay, I hear you. I was very surprised by the $500mm valuation. My guess is that their comic and currency/coin business is the driver of valuation. But there’s so much PE money out there right now - I wouldn’t be surprised if they paid a heavy premium.
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I don't know the profit margins on the coin grading side, but TONS of brand new coins get sent in to NGC for grading.
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Four phrases I have coined that sum up today's hobby:
No consequences.
Stuff trumps all.
The flip is the commoodity.
Animal Farm grading.
Last edited by Peter_Spaeth; 07-01-2021 at 06:38 PM.
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