Named PCGS President
Rare coin dealer and
veteran California business executive, Don
Willis, has been named President of the
Professional Coin Grading Service (PCGS), a
division of Collectors Universe, Inc. (NASDAQ:
CLCT), effective October 7, 2008.
"In addition to owning his own rare coin
dealership the past six years, Don has over 20
years of executive experience in growing
corporate businesses," said David Hall, PCGS
Founder and President of Collectors Universe.
"Don is a rare combination of world class coin
expertise and solid corporate business
experience. He began his business career in the
field of Information Technology over 30 years
ago, and ratcheted up his responsibilities with
each business opportunity.
Before his move into his own rare coin business
in 2002, Don served 20 years as a senior IT
officer in several growing companies. He founded
his own Internet business, a supply chain
software company, in 1996 and raised $58 million
in venture capital funding. In 2002 he left the
software company he founded and took his
entrepreneurial skills into the rare coin
business to start his own dealership, Premium
Numismatics of Huntington Beach, California."
"David Hall and I are excited to have Don Willis
and his corporate growth experience and coin
business savvy join Collectors Universe in this
important position as President of PCGS. David’s
revolutionary vision and concept 22 years ago of
independent, standardized grading has provided
an extremely reliable form of consumer
protection and greater confidence to the rare
coin market. Now, Don will help us maintain and
grow PCGS for the decades to come to keep PCGS
as the industry standard in third-party
certification," said Michael Haynes, Chief
Executive Officer of Collectors Universe.
Willis commented: "PCGS is the most respected
brand name in numismatics. For over two decades
PCGS has set the standard in third party
grading. PCGS has also become the number one
online source of information for the numismatic
community. I am very excited to join the team at
PCGS and to help guide the company forward into
the 21st century."
Since its founding in 1986, PCGS has certified
the authenticity and grade of over 16 million
coins with a total value of more than $18
billion. The popular PCGS Set RegistrySM program
has over 36,500 U.S. and world coins sets
registered by collectors and dealers.