​​

Rare Money Blog

By Harvey Stack, Co-Founder

​On the auction front, 1995 was a very important and active year for Stack's as we cataloged and presented nine separate auctions. These sales contained large and important collections of United States coins from colonials to modern issues as well as coins of the ancient world and foreign issues.​

By Harvey Stack, Co-Founder

​As I ended last time, I had been invited to speak at a hearing of the U.S. banking committee along with others in the hobby, to talk about the loss of interest in the U.S. Mint's modern commemorative programs. Congressman Jimmy Hayes, a collector and friend to me, had come to the committee specifically to introduce me to his colleagues. I thanked Jimmy for the introduction and started to relate my experiences with the current Mint products.​

By Harvey Stack, Co-Founder

​​In 1995 there were many signs that the numismatic hobby was growing, from old timers adding to collections or starting new ones, to beginners entering the field for the first time. However, while traditional numismatic collectibles were doing well, there seemed to be less interest in later issues from 1990 to 1995. Proof sets and modern commemorative coins from the Mint saw a drop in orders and sales.​

By Harvey Stack, Co-Founder

​In October 1994, Stack's was pleased to offer a major part of the famous collection formed by James A. Stack, Sr. (no relation to our family). As explained when telling of earlier offerings by Stack's in 1975, 1989 and 1990, Stack's was privileged to offer for sale portions of this important collection. After his father's death, James Stack, Jr. took over the collection and decided that it should be offered in sections because the total value at the time would exceed any other collection he researched, and this might limit in the "spending power" of collectors and dealers.​

By Harvey Stack, Co-Founder

​The year of 1994 provided Stack's with a great selection of auctions, eight public sales, all conducted in New York City. These were made up of two international sales as well as six that featured items from the United States, with specialized collections, most of which had been assembled from the 1950s through the 1980s. The highlight collection was major portions of the renowned James A. Stack Collection of United States Gold, Silver and Copper Coins, as well as an important offering of English gold and silver coins, all in outstanding condition. The James A. Stack, Sr. Collection was started during World War II and then built over several decades with his son and other members of his family. James A. Stack , Jr., took over the management of the collection and sold portions of it in various Stack's sales.​

By Harvey Stack, Co-Founder

​The year 1994 continued the upward trend in numismatics that had begun with the recovery from the Black Monday stock market "crash" of November 1987. This recovery was helped by the fact that the precious metals markets held their value, so coins that contained gold and silver may have lost a little value, but in general were considered a "good hold." During times when the stock market was way down, coins made of precious metals were considered by many to be a store of value and a better source for investment.​

By Harvey Stack, Co-Founder

​In September 1993 we held a public auction in conjunction with The Greater New York Fall Numismatic Convention, which was added to the schedule because the annual May convention of this group was so popular. Our sale featured 1,300 lots that included United States gold, silver and copper coins, as well as the extensive Harold M. Korin Collection of Fractional Currency, the John J. Ford Collection of Charleston, SC Slave Hire Badges, and the Rhode Island Collection of Colonial Coins.​

By Harvey Stack, Co-Founder

​1993 presented a wealth of numismatic material for Stack's to offer at public auction, 10 catalogs in total. It was a year when we were pleased to produce outstanding catalogs and sell important collections. We started the year in January with some additional high quality coins from the Floyd T. Starr estate -- gold, silver and copper items that had not been included in the earlier sales. Some were duplicates, but even these included rare dates and mintmarks in extremely choice grades. This offered collectors who had not been successful in the previous presentations to acquire items pedigreed to the Starr Collection. There was much excitement and many a "floor fight" among those who attended the event.​

12345678910...NextLast
​​