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Rare Money Blog

By Harvey Stack, Co-Founder

​1975 was a great year for the continued growth of Stack's. In January 1975, I (Harvey G. Stack) was appointed to be a Governor of the United States Assay Commission for 1976 – the year of the Bicentennial of our nation. I was appointed by President Gerald Ford and it was a great honor to be a part of this, a process that had been established for nearly 200 years. It was felt that this might be the last Assay Commission to be convened as there was no longer precious metal in United States coinage.

By Harvey Stack, Co-Founder

​Meanwhile, our business of presenting auctions and serving our clients continued. Some collectors had decided that 1974 was a year to sell, and our Public Auction program brought some great collections to market. In the early part of the year, we offered more of the collection formed by the famous Adams Family to benefit the Massachusetts Historical Society. A little more than 1,700 lots were sold to help the Society raise funds to preserve the historical documents that were in their museum.

By Harvey Stack, Co-Founder

​1974 brought a great numismatic challenge that helped to distract me from the sadness of my uncle's passing. Early in January we received an urgent phone call from Dr. Vladimir Stefanelli, curator of the National Coin Collection at the Smithsonian Institution and he sounded troubled. The conversation started with a plea: "Can you help me out. I have a very serious problem and hope you can think of an answer."

By Harvey Stack, Co-Founder

​1974 was another great year for Stack's as we were able to continue to offer major collections at public auction as well as maintain our strong over the counter business. New collectors seemed to be entering the field, and Stack's was able to open new accounts for beginning collectors and young folk. We also kept working with advanced and dedicated numismatists who were enhancing their collections by acquiring rarities as they became available.

By Harvey Stack, Co-Founder

​In Spring 1973, Lawrence R. Stack (Larry), graduated from Ohio University in Akron, Ohio. He majored in History and Finance, both subjects that were very beneficial to his joining the numismatic business. Larry is the son of Harvey, the nephew of Joseph, and the cousin of both Ben and Norman. This brought the number of Stack family members working in the business back to five, a number we hadn’t had since my father Morton’s death in 1967.

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.

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