The website Coinflation.com has been purchased for $550,000 cash and $200,000 in stock by Collector’s Universe, Inc.
The website is a reference resource that lists the metallic values of silver and base metal U.S. coins. It was created in 2004 by Alec Nevalainen to provide a handy source for these prices and they are updated daily. He will continue to work for Collector’s Universe after the deal closes.
“I’ve been collected,” Nevalainen posted on his site when the news broke.
The site also posts links to stories about inflation, metal prices and coins.
“Adding Coinflation.com to our family of offerings really makes sense. There is tremendous synergy between Coinflation.com, PCGS.com and PCGSCoinfacts.com. Together, we’ll become the ultimate destination for anyone seeking information about coins and precious metals,” said Don Willis, PCGS president.
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The site boasts 640,000 unique monthly visitors.
Collector’s Universe is the parent firm of the Professional Coin Grading Service. It expects revenue of $11.4 million to $11.6 million in the first quarter of its fiscal 2012.