By Steve Roach – Rare Coin Market Report The year 2010 ended with a bang for the rare coin market, as a merger of Bowers and Merena Auctions and Stack’s was announced, to form a new company, Stack’s-Bowers Numismatics. The merger will create a firm with a substantial presence on both coasts, with Los Angeles-based […]
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 […]
Director of the United States Mint Edmund C. Moy announced today that he has submitted his resignation to President Barack Obama, effective January 9, 2011. Mr Moy reportedly will depart for a private-sector job, however the Mint didn’t disclose Mr. Moy’s new position and a spokesman didn’t immediately return phone calls seeking more information. Moy […]
In 2009 Medallic Art Company came under the stewardship of Northwest Territorial Mint, which moved its minting operations to the Medallic facility in Dayton, NV.
On Monday, a California judge froze the assets of Superior Gold Group LLC of 100 Wilshire Boulevard, as well another office in Woodland Hills, after it was accused of fraudulent business practices in a civil lawsuit filed against the company and owner Bruce Sands by the Los Angeles County district attorney and the Santa Monica […]
Bowers and Merena Auctions, one of the world’s preeminent auctioneers for rare coins and currency and a subsidiary of Spectrum Group International, Inc. (SPGZ.PK), announced today that noted numismatic professional Chris Napolitano has joined the 27-year-old auction house as president. At the same time, Spectrum Group International (SGI) reported that its Collectibles Division achieved a […]
Two separate lawsuits filed in federal court in Manhattan Wednesday allege that the two banks [J.P. Morgan and HSBC] manipulated silver futures by “amassing enormous short positions,” according to a report from Dow Jones Newswires. The Commodity Futures Trading Commission has been investigating allegations of price manipulation in the silver market since 2008. A Bloomberg […]
Alex Shagin was born in Russia, near Leningrad, on January 21, 1947. Alexander George Shagin is the only child of George and Ekaterina Shagin. He studied at the Vera Mukhina School of Arts and Design, completing his education in 1971. Shortly after completing his education he was drafted into the soviet army where he spent […]