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All Posts Tagged With: "Wayne Herndon"

Wizard Coin Supply Chosen by Verdi-Chem™ as Exclusive Distributor

Verdi-Chem has chosen Wizard Coin Supply as the exclusive distributor for its VERDI-CARE™ with ReAcT2™ coin conservation fluid product, a revolutionary coin care offering.

Verdi-Chem™ is proud to announce that it has selected Wizard Coin Supply, a global provider of coin collecting supplies, as the exclusive distributor of VERDI-CARE™ with ReAcT2™, a revolutionary new coin conservation fluid and protectant that is already changing the way coin collectors care for and protect their coins. Developed by professional chemists in conjunction with Verdi-Chem™, VERDI-CARE™ is a safe and water soluble coin conservation product that can be applied to all types of coinage, including gold, silver, nickel, copper, brass and more. VERDI-CARE™ contains no harsh chemicals and is designed to ensure that valuable coins are protected while maintaining and preserving surface integrity.

VERDI-CARE™ with ReAcT2™ is easy to use and can be almost entirely removed with water, if so desired. “This product was designed specifically for numismatists who understand the importance of protecting and preserving valuable coins,” noted Thad J. Meszaras, Verdi-Chem™ President. “VERDI-CARE™ is not a coin cleaning product and its gentle ingredients will effectively condition and preserve the natural subtleties of a coin’s surface.”

“VERDI-CARE™ with ReAcT2™ is an important breakthrough in coin conservation technology and we are very excited to offer it to our customers,” said Wayne Herndon, President of Wizard Coin Supply. “We believe VERDI-CARE™ is a major step forward for numismatics and we are happy to offer this product among the thousands of coin collecting supplies and accessories that are currently available at WizardCoinSupply.com.”

ReAcT2™ is a state of the art chemical compound that adheres to all metals, forming a transparent, anti-corrosive protective lower layer on the surface of valuable coins. It consists of the same chemical technology employed by the US Mint in protecting its coins. In addition to the lower layer of protection, a second, water soluble, polymeric layer is created that actively repels contaminants. Experienced numismatists will quickly realize just how effective VERDI-CARE™ with ReAcT2™ can be for conserving and rejuvenating the natural features of collectible coins.

VERDI-CARE™ with ReAcT2™ is recommended for coin collectors who have experience handling coin conservation and protective agents as well as various types of coin cleaning supplies. VERDI-CARE™ performs best when coins are properly prepared for application and when specific instructions are followed for drying and storage of coins. Although this product is completely non-toxic and contains no harsh chemicals, it is always recommended that users wear gloves and eye protection as a safety precaution.

About Verdi-Chem™:
Verdi-Chem™ is based in Cincinnati Ohio and is run by chemist and numismatist Thad J. Meszaras. The company is dedicated to the advancement of coin conservation science. Verdi-Chem™ uses the latest discoveries in chemical technology to develop its products.

About Wizard Coin Supply:
Wizard Coin Supply is a global provider of coin collection supplies and coin collection accessories, based in Chantilly, Virginia. Wizard is dedicated to providing its customers with the largest possible selection of coin supplies at deeply discounted prices and to promoting the hobby and enjoyment of numismatics.

Wayne Herndon Acquires Dick Osburn Rare Coins

Dick Osburn and Wayne Herndon announced that effective June 17 the assets of Dick Osburn Rare Coins were acquired by Wayne Herndon Rare Coins, Inc. of Chantilly, Virginia. Key aspects of the transaction include:

· Dick Osburn Rare Coins will continue to be operated as a separate entity. The company will relocate its headquarters to Chantilly, Virginia and share office space with Wayne Herndon Rare Coins and Wizard Coin Supply, also operated by Herndon. The company will retain a satellite office in Kemah, Texas.

· Dick Osburn will remain active in the business, splitting his time between the Chantilly and Virginia offices. Administrative functions will be provided through infrastructure already in place in Herndon’s organization, allowing Osburn to focus on the numismatic aspects of the business as well as spending more personal time with his wife, Ruth.

· Brian Cushing joins the company as Senior Numismatist. Cushing began his career as a professional numismatist in 2004 at J. J. Teaparty, where he was in charge of coin photography and developed an interest in attributing bust and seated coin varieties. After leaving J. J. Teaparty, Cushing operated Brian Cushing Rare Coins, where he gained additional experience dealing with early U. S. type coins. He was recruited by Herndon in August, 2009, to work on the Osburn transaction. The transition planning has been in progress since that time.

· Osburn and Cushing will manage the numismatic and customer/consignor aspects of the business with Herndon providing strategic, managerial, and administrative support.

· Consigned coins remain with Osburn pending approval of assignment of consignment agreements by individual consignors.

Dick and Ruth explained that “the business has grown to the point where it was becoming more and more difficult for us to manage without hiring additional employees.” The new structure allows the company to make full use of the infrastructure already in place at Wayne Herndon Rare Coins and Wizard Coin Supply while retaining the practices that have made Dick Osburn Rare Coins one of the most respected dealers in the industry and the national leader in the marketing of U. S. bust and seated coinage.

In the coming months the company will be making significant upgrades to its technology. “We invested heavily in a technology platform for Wizard Coin Supply that we can now leverage across Dick Osburn Rare Coins,” noted Herndon. Planned improvements include a fully e-commerce-compatible website with digital coin images and shopping cart functionality.
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