We provide authentication and grading services to dealers and collectors of
coins, trading cards, event tickets, autographs and memorabilia
("collectibles"). We believe that our authentication and grading services add
value to these collectibles by enhancing their marketability and thereby
providing increased liquidity to the dealers, collectors and consumers that own
and buy and sell them.
Once we have authenticated and assigned a quality grade to a collectible, we
encapsulate it in a tamper-evident, clear plastic holder, or issue a certificate
of authenticity, that (i) identifies the specific collectible; (ii) sets forth
the quality grade we have assigned to it; and (iii) bears one of our brand names
and logos: "PCGS" for coins, "PSA" for trading cards and event tickets and
"PSA/DNA" for autographs and memorabilia. Additionally, we warrant our
certification of authenticity and the grade that we assign to the coins and
trading cards bearing our brands.