​​

Rare Money Blog

By Harvey Stack, Co-Founder

​In the spring of 1973, the American Numismatic Association invited a group of over 50 professionals, including myself to their Colorado Springs Headquarters to address the variance that existed among collectors and dealers when grading coins, and to try to unify the system so that all coins could be graded using the same methodology.

By Harvey Stack, Co-Founder

​The year 1973 saw a number of initiatives in numismatics that brought about changes in the hobby. At Stack’s these and other events made it a very active and important year for us. My son Lawrence R. Stack (Larry) joined the firm after his graduation from university. As a representative of Stack’s, I worked with the Congress on the Hobby Protection Act and with the American Numismatic Association (ANA) to revamp the numismatic grading system to include numerical grading. As always, Stack’s also had the privilege of offering at public auction important old time collections.

By Harvey Stack, Co-Founder

​​In 1972, Stack's received consignments from major collections. This aided us in one of our other important roles, that of helping clients to start collecting and add to their already existing collections. As older collections came on the market, they provided the supply of pieces for newer numismatists to acquire and build the next generation of collections. In this year we were pleased to offer four general collections of United States gold, silver and copper coins along with four more major collections.

By Harvey Stack, Co-Founder

​The year 1972 continued some of the trends of earlier years in the hobby. Inflation entered our hobby in force and demand for coins exploded. The American Numismatic Association (ANA) got many new members, as did the Professional Numismatic Guild (PNG). Coin newspapers, especially the weekly editions, added many subscribers, and local clubs developed or expanded their membership.

By Harvey G. Stack, Co-Founder

​In 1971, Stack’s continued to offer specialized collections of United States coins, as well as world and Ancient coins. Most were smaller in scope but there were two major ones.

By Harvey Stack, Co-Founder

The year 1971 continued the inflation of 1970, with the value of precious metals advancing each month. The public believed that silver would continue to rise, and the search for earlier silver coins in change grew more intense. Melting of silver coins was allowed and the value of each ounce of silver advanced. Speculators and investors crowded the market and the demand was stimulated further as more people learned of the increasing value of each U.S. silver coin struck before 1965.​

By Harvey Stack, Co-Founder

​From the very beginning of 1970, Stack's was awarded numerous collections for auction, so much so that we were able to have 10 different auctions in the 12-month period. Four of the collections we offered in 1970 were of great importance, as they had rare coins, extremely choice coins and offered the opportunity in each case to find items that were not often available.

By Harvey Stack- Co-Founder

​As the 1960s came to a close, there was a surge in interest in numismatics, with new collectors and the return of many who had collected earlier. Inflation became an economic worry and U.S. currency was losing its value on world markets. People read the signs, and started to search for new ways to retain capital and even increase their holdings.

12345678910...NextLast
​​