On the Passing of David Akers: An Appreciation

By Doug WinterRareGoldCoins.com ….

My interest in United States gold coins began early and, as a result, Dave Akers was one of my first numismatic heroes. I somehow managed to scam my way onto the Paramount mailing list back in the early-to-mid 1970′s and I can remember being enthralled with Akers’ style of cataloging. He clearly knew his coins inside and out and the information that he was willing to share was inspiring for an aspiring gold coin specialist like myself. In later years, as I began to catalog and write myself, I freely “borrowed” from Dave.

The first time I saw Dave in action was at the Stack’s 1976 ANA sale. I had a few thousand dollars to spend and this was my first big-time auction to attend in person. I remember Dave buying some of the high end, esoteric 18th and 19th century gold pieces and thinking, “Someday, I want to be a big shot dealer who walks into an ANA auction, buys the four or five ultra-cool coins he really wants, and then gets up and leaves.”

david akers thumb1 On the Passing of David Akers: An AppreciationI opened my own coin business in 1985 after working for another firm for my first three years in the business. Around a month before the beginning of Auction ’85 (the four-firm sale he did every year with RARCOA, Stack’s and Superior) I called all four firms trying to get credit established so I could bid in the sale. Two of the firms never bothered to call me back and one offered me something like $5,000 credit if I left a kidney on deposit. But Dave called me back personally, talked to me for about ten minutes (telling me about some of the more interesting lots in the sale) and gave me a credit line at the sale that was around triple what I had hoped for.

Then, in 1986, I started working on my first coin book: The Gold Coins of the Charlotte Mint, 1838-1861. I asked Dave if he would look at the manuscript, which he did, and he gave me a tremendous amount of input. This made the book better and it inspired me to write other books. As always, I “borrowed” freely from Dave, especially in the format that I adapted.

Dave’s books on United States gold coins were a tremendous inspiration to me and they actually served as a template for the way I built my company. Dave understood “branding” before this term even existed in the sense that we know it today and his books helped him create one of the best rare coin businesses ever established. To many collectors and dealers, Dave Akers WAS rare date U.S. gold.

As I became more successful, I got to know Dave better. We never really did that much business but he would come to make table at nearly every show and either hand me an incredibly cool coin or pull a piece or two from my case and proceed to tell me its pedigree and give me some insight into the significance of the issue.

Dave Akers knew more about United States gold coins than anyone I have ever met.

I would have loved for him to have written more books or to have recorded what he knew onto video or audio. Dave was one of the last of the great scholar-dealers from the 1960′s and 1970′s, and with his passing we lose a lot of very valuable information about coins and the history of the market.

Dave’s greatest success in the coin business and what he is likely to be remembered for was the cataloging and sale of the Pittman collection in the 1990′s. This was a staggering amount of work and the catalogs that he produced rank as some of the greatest work in the history of numismatics; if not in any collectibles field. I was able to actively participate in both of the Pittman sales of U.S. coins and these are some of the most memorable moments for me in my entire numismatic career.

During the last few years, I became friendlier with Dave through our mutual friendship with Steve Duckor. I think Dave gave Steve–and all the collectors he worked with–the sort of training that no amount of time or money could replicate today. He shared his knowledge and his passion and helped Steve–and other collectors–build some of the finest sets of U.S. coins ever assembled.

I will miss Dave. I will miss seeing his displays of outrageous coins, I will miss his stories of the “old days” in the coin business and I will miss the kindness he had shown me for close to three decades. Dave, you were one of the all-time greats.

Doug Winter

Editors Note: The following was posted from a CoinWeek article of August 19th, 2011 on David Akers being inducted into the PCGS CoinFacts Hall of Fame:

“David Akers is considered one of the top rare gold experts of all-time,” David Hall

Akers started collecting coins in 1949. After graduating from Notre Dame, obtaining a Masters degree in mathematics from Oregon State and serving as a U.S. Army combat artillery officer in Vietnam, David became a full-time coin dealer in 1971. He was President of Paramount International Coin Corp., one of the largest and most influential dealerships of the 1970s and 1980s. In 1973, Akers was instrumental in Paramount’s purchase and sale of the Dr. John E. Wilkinson collection of gold U.S. patterns and produced the definitive book on those legendary rarities.

Between 1975 and 1982, Akers published a six-volume analysis of U.S. gold coins that is considered one of the key references for the market. He conducted numerous important auctions, including the three-part 1997 – 1999 sale of the legendary John J. Pittman collection. He is one of only two dealers to ever receive all three of the Professional Numismatists Guild’s three top honors: the Robert Friedberg Literary award, the Abe Kosoff Founders award, and the PNG Lifetime Achievement award.

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About the Author:

Doug has spent much of his life in the field of numismatics; beginning collecting coins at the age of seven, and by the time he was ten years old, buying and selling coins at conventions in the New York City area. Recognized as one of the leading specialized numismatic firms, Doug is an award winning author of over a dozen numismatic books and the recognized expert on US Gold. His knowledge and exceptional eye for properly graded and original coins has made him one of the most respected figures in the numismatic community and a sought after dealer by collectors and investors looking for professional personalized service, a select inventory of impeccable quality and fair and honest pricing. Doug is also a major buyer of all US coins and is always looking to purchase collections both large and small. If you are interested in buying or selling classic US coins or if you would like to have the world’s leading expert work with you assembling a set of coins? Contact Doug Winter at (214) 675-9897 or by email at dwn@ont.com. RareGoldCoins.com

2 Comments on "On the Passing of David Akers: An Appreciation"

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  1. saul teichman says:

    Doug: Your article was the first I had heard of this. It is a huge loss for the collecting fraternity. I had many conversations with Dave Akers on the Wilkison patterns as well as the Pittman’s 1843-6 proof sets. He will be missed.

  2. Jerry Caruso says:

    I worked for Paramount Coin, Englewood Ohio in the mid 70’s. David Akers was the engine behind Paramount’s growth. Ours was the marketing arm of the firm and David took a great interest in the details of offerings, presentation, fair value of what was being offered. He treated all at Paramount with respect and was a pleasure working for him. We had a department of Harry, Larry, Barry, and Jerry for him to keep track! It was one of my great learning moments in understanding the intricacies of this commodity. Jerry Caruso, marketing, Paramount Coin

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