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HomeEntertainmentHarvey G. Stack, Leading Dealer in Rare Coins, Dies at 93

Harvey G. Stack, Leading Dealer in Rare Coins, Dies at 93

“I had labored just about each second that I wasn’t at school,” he wrote in a history for the corporate.

The agency begun within the nineteenth century by his great-grandfather Maurice obtained into numismatics as a sideline, shopping for and promoting collector cash and forex along with its main perform in overseas trade. It later diversified into dealing in antiques and uncommon stamps.

In 1935, after changing the corporate to a uncommon coin dealership, Morton and Joseph Stack held their first public public sale. In 1953, Stack’s moved to a gallery on 57th Avenue in Midtown Manhattan. (It’s now on Park Avenue at East 58th Avenue and has galleries in different cities.)

In 2011, Stack’s merged with Bowers & Merena to create Stack’s Bowers Galleries.

Mr. Stack was the president of the Professional Numismatists Guild for 2 years starting in 1989. In 1993, he was given the Founder’s Award, the guild’s highest honor.

Along with his son, he’s survived by his spouse, Harriet (Spellman) Stack; his daughter, Susan; two grandchildren; and 5 great-grandchildren. He lived on Lengthy Island.

The Stack’s gallery was thought of an inviting international clubhouse by many coin sellers and collectors. However Mr. Stack was not shy about selling the corporate’s monetary success.

“There are individuals who promote gold and silver bullion, and rolls and luggage of cash, who name themselves coin sellers, and a few of them most likely do upward of $100 million enterprise a 12 months,” he instructed The New York Times in 1984. “Once you say ‘uncommon coin sellers,’ although, and communicate of companies that promote each straight and at public sale, we’re the most important coin seller in the US.”

He drew a distinction between coin collectors, whom he courted assiduously, and traders.

“If a collector and an investor needed to abandon a sinking ship, the collector would take with him the rarest and most aesthetically interesting items with out regard to market worth,” he told The Times in 1977. “The investor would attempt to take as a lot of his cash as doable, beginning with essentially the most beneficial.” Harvey G. Stack, Main Seller in Uncommon Cash, Dies at 93

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