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 U.S., to combine their operations.
The new company, which will be known as Stack's-Bowers Numismatics, with a world coin division to be known as Stack's-Bowers and Ponterio, will be owned 51% by Bowers and Merena Auctions and 49% by Stack's [...]
Bowers and Merena saw spirited bidding as the Official Auctioneer of the November 2010 Whitman Coin & Collectibles Baltimore Expo.
Nearly 3,900 lots of rare US coins and currency crossed the auction block in the Nov. 4-6 sale and realized $11.6 million. Ponterio & Associates, Bowers and Merena's world and ancient coin division, brought over 2,900 lots and added an additional $1.6 million to the sale [...]
Bowers and Merena Auctions has been selected by the American Numismatic Association as the official auctioneer for the ANA Pre-Show, which will immediately precede the World's Fair of Money conventions.
This three-year agreement includes the ANA Pre-Shows to be held in Chicago in 2011, Philadelphia in 2012 and Chicago in 2013 [...]