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By Harvey Stack, Co-Founder

​Stack' s started their 1969 auction season with a January offering of United States, gold, silver and copper coins, perfect for the general collector as there were over 1,100 lots featuring a wide variety of grades and rarity. There were also smaller specialized collections, including one featuring Encased Postage Stamps.

By Harvey Stack, Co-Founder

​First of all, earlier coins found in circulation that were made of silver grew in value as precious metal, so that each coin was worth more than the face value. Simply speaking a silver dime was worth almost $1, a quarter $2.50 and a half dollar about $5. As the press constantly reported that these silver coins had such a premium, the treasure hunt was on in pocket change as well as for old coins in piggy banks or in cookie jars.

By Harvey Stack, Co-Founder

​Right after the first of the year, the Bank opened its new building with the R.L. Miles Collection on display. It attracted thousands of visitors for the first 30 days it was open. Another highlight of the exhibit was the display of The Mace of Baltimore, the symbolic Mace given to the governor of the Colony, which indicated he had the royal power from the King of England.

By Harvey Stacks, Co-Founder

​R.L. Miles, Jr. (Skinny as I called him)  became a collector when he was employed by his family at the J.H. Miles Oyster Co. in Norfolk, Virginia. The Miles family harvested oysters from Chesapeake Bay for over 150 years. The company had "shuckers" on site, occupying as many as 1,000 sinks, where these workers opened and prepared the oysters for shipping. They were packed in ice to be shipped as far as the available transportation allowed.

By Harvey Stack, Co-Founder

​The year 1968 saw important changes in the entire numismatic world. Attitudes toward precious metals shifted, several important collections entered the market, the extensive J.K. Lilly Collection joined the National Numismatic Collection, and the public’s interest in collecting both domestic and world coins flourished, infusing the coin marketplace with renewed energy.

By Harvey Stack, Co-Founder

​After Mr. Lilly's passing, the Indiana State Bank in Indianapolis was named the executor of his estate. The bank sent Mr. Lilly's vast rare book library to Indiana University in Bloomington. The Lilly home, Olmstead, which is now located near the Indiana State Museum, was given to the Museum as an additional gallery, with all the art and paintings included. The Lilly Collection of Revolutionary guns and armament together with his collection of some 5,000 miniature lead soldiers, dressed in the many uniforms of our nation, was given to his son, who opened a museum on Cape Cod, where many great items from Mr. Lilly's nautical collection found a home as well.​

By Harvey Stack, Co-Founder

​In 1967 Stack's continued its active over the counter and mail order business, as well as offering exciting public auction sales. Collectors visited our shop to see what we might have added to our inventory, meet with other collectors on Saturdays and use our library for their research. Our monthly auction sales, which usually took place on the weekends, brought many to view lots and participate. Of course, our usual buying and selling over the counter kept us very busy, and usually one or two members of the Stack family, were on the road attending shows and visiting collectors.​

By Harvey G. Stack, Co-Founder

To begin my story about 1967, I return to our lawsuit against the Treasury challenging its rulings about importing gold coins. In early January the hearing judge came back with an opinion that we were correct in asking for a repeal of the Gold Coin Import License. We were very happy, but the Treasury Department’s Office of Gold and Silver Operations (OGSO) was not. A day or so after the judge's ruling came down, the OGSO delivered a document to our attorney that said: “Notwithstanding the rulings of the hearing judge, application for the license is denied.”

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