COLORADO SPRINGS – An El Paso County District Court Judge has granted the American Numismatic Association’s motion to confirm two arbitration decisions, which will allow the ANA to pursue collection of $53,550.26 from former ANA Executive Director Christopher Cipoletti.

The order, by District Court Judge Thomas K. Kane, confirms two decisions by American Arbitration Association Arbitrator Kathryn E. Miller: a May 27 decision which held that Cipoletti was terminated for cause and that he breached his fiduciary duties to the ANA, and a July 29 order that ruled Cipoletti must pay $53,550.26 to cover the expenses of the arbitration. Judge Kane concluded that Cipoletti "set forth no basis to vacate the July 29, 2009 order." Read the rest of this entry »

(Dana Point, California) – Rare Coin Wholesalers of Dana Point, California, one of the country’s largest numismatic dealerships, has created a new division for retail sales, Rare Coin Consultants of America. 

Former American Numismatic Association Executive Director, Christopher Cipoletti, has been named President of the subsidiary.

“Our company had more than $100 million in rare coin sales the past two years, and over 90 percent of those transactions were wholesale to other dealers.  Our new division will focus on new markets and customers who are private collectors or people looking for alternative investment opportunities,” said Steven L. Contursi, President of Rare Coin Wholesalers.

“Chris Cipoletti is the ideal person to oversee Rare Coin Consultants of America.  He’s knowledgeable about the numismatic marketplace; he’s a strategic, visionary thinker; entrepreneur and motivator.”

The new division will have a strong presence at financial services and investment trade shows.

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