By CoinWeek Information Employees …..
In a February 3 letter from CEO Greg Roberts, Firm President Brian Kendrella, and CFO Andrew Glassman dated February 3, Stack’s Bowers Galleries, the uncommon coin business’s second-largest public sale agency, introduced that it had entered right into a definitive merger settlement to be acquired by A-Mark Precious Metals, of which Roberts can be the CEO. A-Mark, a number one valuable metals vendor, already owns JM Bullion, Goldline, Provident Metals, LPM Group Limited, SilverTowne Mint, and Collateral Finance Corporation. Underneath the settlement, Stack’s Bowers Galleries will proceed to function as a standalone, independently operated, wholly-owned subsidiary of A-Mark, a Nasdaq-listed company.
Underneath its present management, Stack’s Bowers Galleries has advanced right into a premier world public sale firm, establishing a big presence within the United States, Asia, and Europe. The corporate’s Griffin Studios, situated at its headquarters in Costa Mesa, pioneered using state-of-the-art video manufacturing within the uncommon coin business. Moreover, Stack’s Bowers Galleries launched Cash In Movement expertise, the primary high-definition imaging utility designed to authentically replicate the expertise of analyzing a coin in individual.
Past its historic record-setting auctions, Stack’s Bowers Galleries has made markets for a whole bunch of 1000’s of modestly-priced numismatic collectibles, together with essential choices from the United States Mint and the Royal Mint.
Stack’s Bowers has cultivated a outstanding place in each wholesale and retail markets, offering uncommon cash, forex, and valuable metals to different sellers and on to collectors.
In accordance with the letter, this merger will equip Stack’s Bowers with the mandatory sources to amplify its development and considerably improve the providers offered to its purchasers. This consists of improved financing choices for consignors and bidders through Collateral Finance Company.
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