Important News! CoinLink has merged..... Visit our NEW Site www.CoinWeek.com

BREAKING NEWS:....... Vist Our NEW Site at CoinWeek.com

All Posts Tagged With: "Coin Dealers"

LOOKING FORWARD TO A BIGGER 2011 – IS BIGGER BETTER?

Hot Topics by Laura Sperber – Legend Numismatics

Consolidation in reverse! I expected a few firms to fold and smaller dealers to shut. Out of the blue comes the mega merger of Stacks and Bowers and Merena. I was not so shocked because for the last 3 years it had been no secret I tried to talk the owners into selling Stacks to Legend. The apparent loss would have been too great and doing a deal this way, they get a shot at some stock that could go up. Regardless, I feel it was a tragic end to once powerful and glamorus dealership.

It is my strong opinion, in this mergers case, bigger is NOT better for the coin market. Why? We already have one mega monster firm who obviously has reached their limits-Heritage. They know they can’t expand any more with in coins, so they did the smartest thing, branched out into other areas. I give them tons of credit for that because it seems as they grow, they do not forget their roots and promote coins to this new crowd.

To satisfy two large auction companies with huge staffs, where are all the coins going to come from? These firms need expensive coins to generate large fees. If these firms on their own were not getting much prior, where are the coins going to come from after the merger? Think about how big each firms overheads are. Will fees rise? Will coin values artifically inflate because of excessive tiny demand with each auction?

This new mega merger concerns me. My goal in going after Stacks was not to make it bigger-just better. In my opinion, the potential of Stacks combining with Legend was huge. I believe it would have greatly benefited collectors. I do admit, I was nervous about where the consignments would come from, but Legend has sold OVER $600,000,000.00 RETAIL so we have some contacts. I have always viewed owning an auction company as a natural extension for us and our customers. Unfortunately, I do not have the time or energy to try again to enter the auction field from scratch. I saw the demise of Stacks as inevitable. I would have loved to have fixed it. It is frustrating to me ownership decided to end the misery this way. When I was told about it I was angry for one second and have moved on. Now I just wonder if bigger is really better? And how will it effect the marketplace?

I do wish The B+M team good luck in their merger. Greg Roberts, CEO of Spectrum is one of the sharpest executives in this business.

FUN

My prediction is that FUN will be a good show. Out of the clear blue, collectors were buying strong in December-a time when they normally fade away. Yet again, only supply was the problem. So if nothing else, dealers will need to replenish at FUN.

Gold coins are still screaming crazy hot. Prices are NOT moving up, but collectors do want them. We think 2011 will be the tell tale year for gold. It will be interesting to say the least. (more…)

Bowers and Merena Auctions and Stacks Announce Merger

BOWERS AND MERENA AUCTIONS TO JOIN FORCES WITH STACK’S TO CREATE STACK’S-BOWERS NUMISMATICS

Spectrum Group International, Inc. (SPGZ.PK) announced today that its subsidiary Bowers and Merena Auctions, one of the world’s pre-eminent auctioneers of rare coins and currency, has entered into an agreement with Stack’s, the oldest rare coin retail and auction company in the U.S., to combine their operations.

The new company, which will be known as Stack’s-Bowers Numismatics, with a world coin division to be known as Stack’s-Bowers and Ponterio, will be owned 51% by Bowers and Merena Auctions and 49% by Stack’s. The closing, which is subject to the satisfaction of customary conditions, is expected to take place in early 2011.

Greg Roberts, president and chief executive officer of Spectrum Group (SGI), commented, “We believe that this combination, once consummated, will create a major player in the coin industry. Stack’s had over $65 million in aggregate sales in 2010 and between them, the two companies have handled many of the significant coin collections that have sold at public auction, including the Eliasberg Sales, the Norweb Sales and the Ford Collections.”

Bowers and Merena Auctions president Chris Napolitano, who will serve as president of the combined company, said, “I am honored and excited to lead this new venture, which combines two of the leading names in our industry. We consider Stack’s to be the crown jewel of coin auction houses and with this partnership, we have assembled a numismatic team that we believe to be unequaled in the industry. We look forward to continuing and expanding Stack’s auction and retail locations in mid-town Manhattan, which serve not only the greater New York metropolitan area but also the entire east coast.”

Added Mr. Roberts, “A significant factor for SGI in pursuing this merger was the opportunity to partner with Charles, Joel and Harold Anderson and the rest of the Anderson family, who own a controlling interest in Stacks. For years I have enjoyed a strong personal and professional relationship with the Andersons and now look forward to a long-lasting association with the family through Stack’s-Bowers Numismatics. We intend to continue the long tradition that the Stack family developed over many decades in New York. For years it has been a goal of ours to have a presence in NYC. With this partnership, we will achieve that goal at one of the most famous and prestigious addresses in the numismatics industry: 123 West 57th Street, New York, New York.”

Joel Anderson commented, “We are looking forward with great enthusiasm to the successful combination of these two fine companies. Both have rich histories of service with integrity to the numismatic community and together their combined resources and talents will bring new levels of service and value to the numismatic market. In addition, Charles, Harold and I have assembled some nice collections and we are pleased that Stack’s-Bowers Numismatics will be there for us when the time comes to sell.” (more…)

Mike Printz Joins Harlan J. Berk, Ltd.

Veteran professional numismatist, Michael D. Printz, has joined the staff of Harlan J. Berk, Ltd. in Chicago.

“When it came to our attention that Mike was no longer affiliated with Larry Whitlow, Ltd., we regarded it as an opportunity of great potential for increasing our dealings in higher-end U.S. rare coins because Mike is a market savvy, knowledgeable numismatist of great integrity. We certainly are pleased he has agreed to become part of Harlan J. Berk, Ltd. We’re confident our dealings in U.S. numismatics now will match what we are known for in the field of classical numismatics,” said Harlan J. Berk, President of the company.

A University of Illinois graduate with a Bachelor of Science degree in finance, Printz worked for Larry Whitlow, Ltd. for 19 years until Whitlow sold a portion of his business earlier this year to concentrate on other areas.

“Having specialized in U.S. mint state and proof type, better date 20th century and classic commemoratives, I saw an exceptional opportunity to join Harlan J. Berk, Ltd. because their strong policy of fine customer service matched my own philosophy,” said Printz.

“I’m also pleased my imaging skills in U.S. numismatics will complement their already outstanding ancient coins photography department. This will be a win-win for customers and the entire Harlan J. Berk, Ltd. team.”

Berk’s retail store and gallery are located in downtown Chicago, one block from the famous Daley Civic Center and City Hall, and open Monday through Friday from 9 a.m. to 4:45 p.m. Central time.

For additional information, contact Harlan J. Berk, Ltd., 31 N. Clark St., Chicago, IL 60602. Online: www.HarlanJBerk.com. Phone: (312) 609-0016. Email: mdprintz@hjbltd.com.

Gold & Silver Political Action Committee (PAC) Formed to Support Rare Coin & Precious Metal Community

Updated 10-19-10
The first informational meeting of the recently created Gold & Silver Political Action Committee (GSPAC) occurred in Long Beach, California on September 22, 2010. The creation of the PAC was prompted by enactment of new Internal Revenue Service Form 1099 reporting requirements and other proposed legislation that could create tremendous burdens on dealers as well as collectors and investors.

GSPAC is registered with the Federal Election Commission (FEC)

Thirty-one people attended the inaugural meeting in Long Beach, including state and federal government relations experts, rare coin and bullion dealers, executives of several national numismatic organizations and a former US Mint Director who also previously served as chief of the majority staff of the U.S. Senate Finance Committee.

[iframe http://www.coinlink.com/Video/092310_pac_stuppler.html 544px 395px]

“The Gold & Silver PAC is an effort to elect public officials with a better understanding of the numismatic and precious metals community and pending legislation and regulatory issues that could positively impact or adversely affect the hobby and profession,” said Barry Stuppler, Chairman of GSPAC.

“GSPAC does not compete with existing organizations, such as the Industry Council for Tangible Assets (ICTA) or the Coalition for Equitable Regulation and Taxation (CERT). By working to elect legislators who understand our community’s needs, issues and concerns, we complement their efforts in Washington and state capitals.”
Veteran government legislative specialist, Nicholas A. Pyle, President of Pyle & Associates in Washington, is volunteering his time to work with GSPAC and among those attending the meeting. Pyle will create an informal “Congressional Coin Caucus” composed of members of Congress interested in coin and precious metals issues.

Stuppler outlined nine “core issues” that GSPAC will use as criteria to evaluate candidates:
• IRS Form 1099 reporting on purchases of merchandise over $600
• Regulation of the purchasing and marketing practices of gold and precious metals dealers
• Enforcement of the Ancient Antiquities Act on Greek and Roman coin imports.
• Problems caused by high-quality Chinese-made counterfeit coins and bogus certified numismatic holders
• Traveling and hotel gold buyers who may be purchasing gold coins and jewelry without required licenses
• Allowing certified rare coins to be placed in IRA accounts
• Exempting coins, currency and precious metals from possible Value Added Taxes (VAT)
• Exempting coins, currency and precious metals from the Streamlined Sales Tax Plan (SSTP) all inter-state Internet or mail-order sales taxes
• Capital gains tax rates on precious metals and rare coins

“I am excited to share that the Gold & Silver PAC raised over $160,000 in contributions from individuals and another $150,000 in pledges,” explained Stuppler. (more…)

Tips on Selling Your Coins Via Dealer Consignment

By Doug Winter – RareGoldCoins.com

Many retail dealers, myself included, welcome consignments from collectors. It’s a great way to increase the size of a dealer’s inventory without laying out cash and it is often an excellent source for dealers to place useful, fresh attractive coins to new or existing clients. As a potential consignor, what are some of the questions you should be asking a dealer and what are some of the expectations you should have?

1. What rate should you be paying a dealer?

I can’t speak for every dealer, so I’ll share this from a DWN perspective. I generally charge between 5 and 10% to sell a coin on consignment. I’ve heard of dealers charging more than 10% and that seems a bit on the gouge-y side. On the other hand, to expect a dealer to sell your coins for less than 5% is unreasonable unless you are talking about a very low spread item like bullion or generics (which probably shouldn’t be consigned to dealers in the first place).

2. What should my expectations be as a consignor?

Obviously, your first expectation is for the coin to sell. But there should be other expectations as well. You should expect a dealer to work hard at selling your coins. This means listing them promptly on his website, imaging them, giving them good descriptions and offering them directly (via phone or email) to existing clients. You should expect clear, concise paperwork from the dealer including a receipt stating the terms and conditions of the consignment. You should expect prompt payment with good funds. And you should expect honesty and integrity. No games, no “funny stuff.”

3. What sort of payment terms should I expect?

There is no set answer to this so, once again, I’ll share with you how I take care of payment. First of all, I am very careful to sell consigned coins to collectors or dealers who I know will pay me. There are certain dealers, for instance, whose check I absolutely will not take. I wouldn’t sell these guys any of my own coins so why would I subject a collector to the risk of “will I or won’t I get paid?” I generally pay clients for coins within a few days of being paid myself; a few days usually meaning two or three. In the case of having multiple coins on consignment from one collector, I pay them as they sell. I never wait until the end of a deal to pay the consignor and I don’t think that’s fair, unless that’s what the consignor requests.
(more…)

Arthur Blumenthal appointed Senior Numismatist at Heritage Auctions, New York

Heritage Auctions has announced that Arthur Blumenthal has been appointed Senior Numismatist by the company, working out of Heritage’s recently opened New York offices at 445 Park Avenue (at 57th Street).

“Arthur brings a tremendous amount of experience to his position with Heritage,” said Greg Rohan, President of Heritage. “His expertise encompasses the numismatic, currency and gold markets as well as the New York market, easily one of the most important in the entire business.”

Blumenthal, a New York native, graduated from C.W. Post College with a B.A. in History Education, teaching school for a few years before going to work in the coin department at Gimbels in New York.

Arthur then made his way to Galerie des Monnaies of Geneva, also in New York, where he spent more than a decade as head trader. From there he spent almost 15 years with Stacks, where he focused his talents on all aspects of the coin business, from buying important collections, consigning great collections for auction and helping to develop the currently high powered bullion market.

“I’m thrilled to be part of Heritage’s expansion into New York,” said Blumenthal. “This is an important move for Heritage and I look forward to establishing the company’s presence in the financial center of the world. As the planet’s biggest numismatic dealer, this is the exactly where we need to be.”

Blumenthal has been interviewed by CNN, USA TODAY, The New York Times, The Wall Street Journal and the New York Observer, among many publications, and has been a frequent guest on the FOX Business Channel with Stuart Varney, where he has established himself as an authoritative voice on the role of gold, U.S. numismatics and currency in world financial markets.

Heritage Auctions, headed by Steve Ivy, Jim Halperin and Greg Rohan, is the world’s third largest auction house, with annual sales more than $600 million, and 500,000+ registered online bidder members. For more information about Heritage Auctions, and to join and gain access to a complete record of prices realized, along with full-color, enlargeable photos of each lot, please visit HA.com.

ANA Coin Show Recap by John Feigenbaum

by John Feigenbaum – Stella Coin News

Well, another ANA Show has come and gone. I think this was my 22nd consecutive ANA and they all have a similar flavor no matter what the outcome. In a word…”long”. They have always been too long because there have always been “pre ANA” shows the weekend prior with important auctions, so we’ve always attended both shows and stayed the duration.

“Ok, enough whining” you say. “I feel your pain. It’s sooooooo hard being a coin dealer. You are forced to visit exotic cities, stay in fine hotels and eat out at top-notch restaurants and all you can do is complain.” Yes, that’s all true but it is indeed very hard work and staying away from home for extended periods of time has never been my strong suit. So, I always have high expectations for ANA shows but they rarely match up.

This show (I will combine the two shows for convenience), like others, was a marathon rather than a sprint — but is especially noteworthy because we came back with the best set of new purchases that I ever recall.

I have read on other dealer’s blogs that “great coins are red hot, yada yada yada”. But if you carefully read between the lines, you will still see that the majority of “great coins” are generally cheaper today than they were a couple years ago. It’s a very selective market, as all collector markets are, and the reality is that some collectors need to sell some big coins for reasons other than profit. I don’t recall ever having been to an ANA show where I saw more great five- and six-figure coins available for sale. We sold some great coins like our 1932 Saint PCGS MS66 and we bought even more great coins because I think this is one of those rare, historic moments when cash is king — and one cannot find these coins at anywhere near reasonable levels in a hotter market.

Examples of new purchases from the ANA Show:

1794 $1 PCGS XF40

1796 No Stars $2.50 PCGS XF40

1848 CAL. $2.50 PCGS AU50 (sold @ show!)

1796/5 $5 PCGS XF45

1930-S $20 PCGS SecurePlus MS65+

As you can see these are great coins. Of course, we didn’t limit ourselves to major rarities, and we have scores of other exciting collector coins that have been untouchable these past few years. Please keep an eye on the web site as these coins appear. (Or send me an email if you want more information on any of these.)

The Mood of the Show

“Ok, you say. Enough shameless promotion of your new purchases at the ANA show. Any dealer can do that and it’s not informative.” Ok, you’re right. Somehow we have to pay the light bills around here so please forgive me the transgression…. The show came in like a lamb and went out like a lion. Plain and simple. The pre show was entirely dealer-driven and dealers came to the show very tentative. Everyone wanted to see if anyone else was buying so it was generally a hot, boring affair. We slogged it out and did a fair amount of business, but it was the same business we’d do at ANY show, so that’s not exciting. (more…)

Resignation of PNG Member, Suspension of Another Announced

The Professional Numismatists Guild (PNG) has announced the resignation of one member, the suspension of another and the hiring of legal council specifically in connection with allegations of “coin doctoring” against some PNG member-dealers.

“The PNG Board has regretfully accepted the resignation of long-time member-dealer Jonathan Kern of Lexington, Kentucky. Mr. Kern was currently serving a two-year term on the PNG Board of Directors, and that position now is being filled by PNG member-dealer James A. Simek of Westchester, Illinois who had the next highest number of votes in last year’s PNG election,” said Robert Brueggeman, PNG Executive Director.

Meeting in Boston on August 8, 2010, the PNG Board ratified the suspension, effective immediately, of member-dealer Jonathan Lerner of Scarsdale, New York for non-payment of arbitration fees.

In another matter, the Board retained a lawyer to provide the Guild with legal advice specifically in connection with allegations of “coin doctoring” against several PNG member-dealers. The Guild’s legal counsel, Armen Vartian, is co-counsel for the plaintiffs in a lawsuit naming several PNG member-dealers among others as defendants.

“We have retained an independent legal counsel to avoid any potential conflict of interest concerning specific ‘coin doctoring’ cases involving possible breaches of the PNG Code of Ethics and possible conduct prejudicial to the organization. PNG affiliate member and attorney, Robert A. Levinson of the law firm of Levinson, Arshonsky & Kurtz, LLP in Sherman Oaks, California, will assist the Guild as we investigate these important matters,” said Brueggeman.

For additional information about the Professional Numismatists Guild, contact the PNG at 3950 Concordia Lane, Fallbrook, California 92028; by phone at (760) 728-1300, or online at www.PNGdealers.com.

The Professional Numismatists Guild (PNG) Announces 2010 Outstanding Achievement Award Winners

The Professional Numismatists Guild (PNG) presented its outstanding achievement awards for 2010 during the PNG Day banquet held in Boston, Massachusetts on August 9, 2010.

Patrick Heller of Liberty Coin Service in Michigan was given the Abe Kosoff Founders Award presented in recognition of a PNG member-dealer who has made a significant contribution to the Guild or to the numismatic fraternity in general. “Pat has shown enthusiastic leadership, dedication and selfless sharing of knowledge,” said Gary Adkins, who chaired the Kosoff committee. The award is named after PNG’s Founding President

Prolific author and prominent dealer, Q. David Bowers of New Hampshire, received one of the two Robert Friedberg Awards presented at the PNG Day banquet in Boston, August 9, 2010, and was also honored for 50 years of membership in the Professional Numismatists Guild. (Photo courtesy of Donn Pearlman. All rights reserved.)

David Hall, President of Collectors Universe, Inc. and a co-founder of Professional Coin Grading Service, received the PNG Significant Contribution Award “for years of dedication and significant contributions to numismatics,” according to committee co-chairs Dana Samuelson and Barry Stuppler.

New Jersey coin dealer Ken Starrett was presented with the Sol Kaplan Award. He assisted in the recovery of coins stolen from long-time PNG member-dealer Julian Leidman of Maryland, according to Kaplan committee chair, Jeffrey Bernberg. Jointly presented by the PNG and the Lewis M. Reagan Foundation to people who have helped fight fraud and thievery in the numismatic profession, the award is named after a former PNG President who was responsible for the apprehension of several people suspected of numismatic-related crimes.

Paul Whitnah, a Texas collector and travel agent, received the Art Kagin Ambassador Award “for his many decades of volunteering and tireless support of the entire numismatic community,” according to Kagin committee chair Fred Weinberg. The award is named after a former PNG President who provided distinguished service as an advocate of numismatic goodwill.

(Paul Whitnah of Texas received the PNG’s 2010 Art Kagin Award in recognition of his decades of professional assistance to PNG member-dealers and volunteer work in the numismatic community. (Photo courtesy of Donn Pearlman. All rights reserved.)

Book authors Q. David Bowers and Cory Frampton each received a Robert Friedberg Award. Committee chair Tom Denly said Bowers received the award “in honor of his exemplary work on the Whitman Encyclopedia of U.S. Paper Money,” and Frampton received the award “in honor of his exemplary work on Mexican Paper Money.” The Friedberg award is named in honor of a well-known publisher and author of numismatic reference books.

Bowers also was recognized for 50 years of PNG membership. PNG Executive Director Robert Brueggeman announced that Bowers is being given lifetime membership in the organization, only the fifth person in PNG history to be so honored. Bowers joined the PNG in 1960 and holds membership number 58.

Three 25-year members were honored: John Wilkison (#351), PNG Immediate Past President Gary Adkins (#352) and Larry Stack (#355). All three joined the organization in 1985. (more…)

Rick Snow Named 2010 ANA Numismatist of the Year

The American Numismatic Association has named Rick Snow its 2010 Numismatist of the Year. Snow will receive his award on August 13 during the Awards Reception at the ANA World’s Fair of Money in Boston.

President of Eagle Eye Rare Coins in Tucson since 1992, Richard “Rick” Snow started collecting in 1972, focusing on large cents and colonial coinage. In 1977 he attended his first ANA Summer Seminar, where he took the “Counterfeit Detection” course. He sold most of his collection during the mid-1980s while drifting through Tennessee and Mississippi looking for work.

Snow moved to Tucson to live with his sister and started to renew his collection. His knowledge of coins and ANA life membership got him a job at Allstate Coin Company in Tucson in 1986.

His experiences there and interaction with other hobby professionals allowed Snow to gather the information he needed to write his first book, Flying Eagle and Indian Cents. To make time to promote the book, Snow left Allstate and became an independent coin dealer.

PCGS Video of Rick Snow at the February 2010 Long Beach Expo

As one of the few specialists in the hobby, Snow sells $2 to $3 million in cents annually. He also continues to write award-winning reference books on his favorite subjects – Flying Eagle and Indian Head cents – and writes and edits Longacre’s Ledger, the official journal of the Fly-In Club, which he co-founded. Snow is preparing to launch his new business, GreatCoins.com, an Internet auction company geared toward honest practices and consumer protection.

He is a 2007 recipient of the ANA’s Glenn Smedley Memorial Award.

The American Numismatic Association is a nonprofit educational organization dedicated to encouraging people to study and collect money and related items.

WHY YOU STILL NEED A COIN EXPERT FOR ADVICE ON PURCHASING COINS

By Gary Tancer – Coin Gallery of Boca Raton

With any investment: stocks, bonds, real estate, collectibles; if you do not have extensive knowledge in that field, it is always advisable to consult an expert. The coin business is no exception to this rule.

The advent of grading services such as PCGS in 1986, and NGC in 1987 was extremely beneficial to the collector or investor because they no longer had to rely on the seller for the grade of a coin who, let’s face it, usually had a vested interest. However, the third party grading services, which have no interest in the selling of coins, simply collect a fee for selecting a grade they judge appropriate.

In a perfect world, any amateur could use the internet or weekly sheets available to get a good idea of the value of a coin based on its grade. Unfortunately, this alone will only get someone so far.

The grading services, in my opinion, do a decent job grading; however, lately we have seen that there can be dramatic differences between the pricing of a coin for the same grade. This is why I am writing this article. In an ideal world, an MS 65 is an MS 65, and every coin graded would have the exact same value, but, as most people are realizing, this is not the case.

There are several factors in the determination of a graded coin’s value. Luster, color, and originality are only a few attributes that can add or detract from the value of a given coin compared to another of the exact same type. This is seen especially in auction prices realized; how a coin with the same date and same grading service, can have a 10%-100% variation in price. For example, in April of this year, a 1911-D $2 ½ in NGC AU58 sold at auction for $8625. Two months later, another 1911-D in NGC AU58 sold for $5463. In another April auction, a 1914-S $5 Indian in NGC AU58 sold for $805 while, in the same auction, another coin of the same date, grade and grading service sold for $546.

Today there exists CAC, PCGS Secure Plus, and NGC Secure Plus; though, these also can be confusing with regard to which coins are worth the high end of the spectrum and which are worth the low end. The reason for these new services is because mistakes happen, and grade inflation has occurred over the last 24 years.

In my opinion, CAC does a fabulous job and has made their presence felt in the coin business today. But as far as PCGS Secure and NGC Secure, they are too newly established for me to voice an opinion. This leads back to the title of the article. Even though many feel CAC does a great job, there remain plenty of quality coins that are highly desirable that do not meet their strict standards. That’s why expert coin graders/dealers are still needed to interpret anything and everything in between.

The difficulty is finding these expert dealers and building trust and a rapport. Most quality retailers deal directly with their customers or have educated employees working for them. You can research a dealer to see how long they have been in business, if they are active in going to coin shows and their membership in professional associations. A final factor in determining a high-quality numismatic dealer will be how receptive he is to buying coins back that he sold. I, for one, look forward to buying back any coins I’ve recommended to my customers in the past.

Adkins, Garrett and Leidman will lead PNG “Ask The Experts” Seminar at Central States

The Professional Numismatists Guild will conduct another in its continuing series of PNG Share the Knowledge seminars at the Central States Numismatic Society 71st anniversary convention in Milwaukee, Wisconsin at 1 p.m. on Friday, April 30, 2010. The educational session is free and open to collectors and dealers, and a complimentary light lunch will be available for audience members.

“Gary Adkins, Jeff Garrett and Julian Leidman, three outstanding professional numismatists including two former PNG Presidents, will conduct an Ask the Experts session to answer the audience’s questions about the hobby and the rare coin marketplace,” said PNG Executive Director Robert Brueggeman.

“Any and all numismatic topics are open for questions, from what to collect, the best ways to buy and sell, third-party grading and so on,” explained Paul Montgomery, PNG President. “These three distinguished panelists have over 100 years of cumulative experience and knowledge in numismatics.”

Former PNG President (2007 – 2009) Adkins is President of Gary Adkins Associates, Inc. of Minneapolis, Minnesota and helped create the PNG Share the Knowledge series that was launched in 2008 to underscore the organization’s motto, “Knowledge. Integrity. Responsibility.”

Former PNG President (2005 – 2007) Garrett is President of Mid-America Rare Coin Galleries in Lexington, Kentucky and Sarasota Rare Coin Galleries in Sarasota, Florida. A current member of the American Numismatic Association Board of Governors, he is the author of Encyclopedia of U.S. Gold Coinage and co-author of 100 Greatest U.S. Coins, among other books, and was a featured speaker in the first PNG Share the Knowledge seminar in February 2008.

“Sometimes the world of coin collecting can be quite confusing. Having access to a seasoned professional can be informative and useful, and collectors of all levels will be able to get answers from us on a wide range of subjects. Remember, knowledge is one of the most valuable assets when purchasing rare coins,” said Garrett.

(more…)

Legend Purchases The Brian Sonnier Morgan Dollar Collection

Legend Numismatics is proud to announce the outright purchase of the Brian Sonnier Collection of colored dollars and CC GSA coins.

Brian is a long time collector (known to many as GSAGUY). You may have seen him set up at shows back in the early to mid 90’s to just display his coins.

He started his work on this incredible collection over 20 years ago. It did not matter whether it was a colored Morgan or a 91CC GSA, he had to have the best and wildest looking. The results are mind-boggling.

This collection blows away ALL other colored dollar sets that we have ever seen (yes, this collection in some ways is wilder than Sunnywood). There is every type of ORIGINAL coloration pattern. The colors mimic the wildest brightest rainbows-and yes, there are tons of reds and greens.

This was not a collection assembled overnight. Major collections were cherry picked, every auction was checked out, and he had several dealers always “on the hunt” so he could get the best of the best colored coins.

Unlike recent major colored collections to have hit the market, these coins are NOT near color misses or watered down grade wise. They also are not over graded as 95% of the collection was raw! And we did pay well in excess of $10,000.00 for more than one 80S-82S $1!!!!!!!!!

A small portion of his CC GSA collection was purchased in partnership with long time CC dealer Doug Sharpe (Aspen Rare Coins) of Sarasota Florida.

Doug as well has known Brian for many years. Since GSA’s were not our strong point, we knew Doug was the right dealer to assist us. As for the remainder of the CC’s, Brian loves them too much wanted to happily keep that part of his collection (believe us, we tried hard to buy them).

We thank Brian for keeping his promise to us over the years. Sitting at his dinning room table, the negotiations took minutes. It was tough for him to sell, but he knows the coins are going to be placed in the best homes. We have not stopped drooling and looking at the coins! Every single coin is a memorable MONSTER!

Additional Images and availability can be found on the Legend Numismatics Website