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Steve Deeds Leaving as President of Bowers and Merena and Michael Haynes to become CEO of APMEX

Bowers and Merena announced  today that its president, Steve Deeds, is stepping down from his full-time position to pursue other coin-related interests, and will continue to have an ongoing role with the company.

California-based Bowers and Merena is one of the prominent US auctioneers for rare coins, currency and exonumia, with its affiliate Ponterio & Associates conducting auctions of ancient and foreign coins and paper money. Bowers and Merena also offers direct sales for rare coins and currency and publishes a number of important numismatic books.

Bowers and Merena is an affiliate of  The Spectrum Group International–a consolidated global collectibles network and the third largest in the world behind Christies and Sotheby’s.

Ten major brands comprise Spectrum Group International, including:
A-Mark Precious Metals, Inc., Bowers and Merena Auctions, LLC, Corinphila Auktionen: Headquartered in Zurich, Greg Martin Auctions: The world’s premier auction house for arms, armor and militaria., H.R. Harmer, Inc.: one of the world’s leading auctioneers of rare and collectible stamps, John Bull Stamp Auctions, Ltd., Spectrum Wine Auctions, Spectrum Numismatics International, Inc.: a leading buyer and seller of rare coins, currency and fine wines, Teletrade: conducts Internet and telephone auctions for rare coins, currency and exonumia.

Greg Roberts, CEO of Bowers and Merena, stated:  “We wish Steve well in his new endeavors and we are pleased that he has agreed to continue to obtain consignments on behalf of Bowers and Merena.  His new role will allow us to continue to take advantage of Steve’s demonstrated skills in promoting the numerous benefits of consigning with Bowers and Merena.”

Mr. Roberts continued, “I will remain as CEO of Bowers and Merena, working closely with our talented group of executives and consignment directors, including Rick Ponterio, Scott Reiter, Brett Renaud, Debbie McDonald, Ron Gillio, Matt Quinn, Kent Ponterio and Kyle Ponterio.  With our distinguished team and Mr. Deeds’ support, we will continue our tradition of putting together outstanding rare coin and currency auctions.”

In other news The American Precious Metals Exchange ( announced  that Michael Haynes, former CEO and Board Member of Collectors Universe has been appointed Chief Executive Officer of APMEX.

APMEX is one of the largest precious metals retailers in the US, with annual sales over $600 Million.

APMEX Chairman of the Board and Founder Scott Thomas said ” Haynes brings both public company and private company experience in high growth companies. We look forward to sharing and benefiting from his vast experience.”

“It is a great privilege to join the team at APMEX, where Scott Thomas has directed the growth of the company, combining the excellent service with a simple, yet user-friendly Internet-based trading platform,” explained Haynes. “In today’s marketplace, gold and other precious metals are key elements in the diversification of assets that assist in stabilizing the individual portfolio and the hedging of portfolio asset values against what is rapidly becoming a more volatile currency dependent financial world. Our objective is to bring gold and precious metals ownership through the Internet to every person who seeks protection for their portfolio while providing easy and direct access to gold and other precious metals products with superior service and support.”

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