On September 22, 2010, Tangible Investments, LLC filed in Orange County Superior Court a lawsuit against Collectors Universe (CLCT) for alleged conversion of Tangible Investments' property.
In the complaint, Tangible Investments alleges that the Professional Coin Grading Service (PCGS), a division of Collectors Universe, refused to return rare coins owned by Tangible Investments without legal justification. The complaint alleges that Collectors Universe's refusal to return the rare coins without legal justification makes it liable for the tort of conversion.
In addition to seeking the immediate return of its property, Tangible Investments is also seeking an award of general, punitive and exemplary damages, as well as attorneys' fees.
Tangible Investments, LLC is a rare coin, precious metals and fine art dealer specializing in high quality rare United States coins. Tangible Investments, LLC is a member of both the Industry Council on Tangible Assets and The Professional Numismatists Guild, organizations that are at the forefront of industry consumer protection.
Collectors Universe (CLCT) is a company engaged in the certification and grading of collectibles.
Contacts:
Tangible Investments, LLC
Gary Carlson
888-655-9255
gary@gocoins.com