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By Harvey Stack, Co-Founder

​In December of 1978, several months after Harold S. Bareford passed away, his family asked us to offer for sale the first part of his famous collection, some 242 outstanding items. I had known Harold since he came home from the Navy during World War II. From the first time I met Harold, I learned that he was trying to get the best that was available, not necessarily trying to finish a series but rather have beautiful and rare coins he could study and admire for their quality.

By Harvey G. Stack, Co-Founder

​Along with the firm’s retail business, Stack’s public auction program continued to grow. Our sales included collections built by long established clients who had passed away, as well as others who came to Stack’s when they were ready to sell, recognizing our long-term success in the field.

By Harvey Stack, Co-Founder

​As 1978 began, inflation continued to grow as did interest in numismatics. Similar to 1977, more collectors seemed to be entering the hobby, and we saw this in increased sales of reference materials as well as growth in the number of collecting boards and other accessories being sold. Membership numbers at the American Numismatic Association were also going up. The Mint issued well over three million Proof sets in 1978, items that sold at a premium due to the special striking and packaging. This large quantity was another indication that there were many people out there collecting.

By Harvey Stack, Co-Founder

​In 1976 Stack's had conducted very successful auctions, led by our ANA Convention sale, but also featuring other fine collections. Even with the number and size of the sales in 1976, Stack's was unable to schedule a number of smaller but still outstanding collections. This meant that 1977 would also be packed with public auctions, again seven different sales. In February we offered an extensive collection of U.S. coins formed by T. Henry Allen. The scope of the collection was large, and many attended the sale.

By Harvey Stack, Co-Founder

​After having a very successful year in 1976, the market seemed to want to keep growing, as people saw coin values going up. While 1977 opened with a slow start in January, enthusiasm grew and the hobby became very active. This was helped by prominent cabinets coming on the market, as certain collectors either passed away or decided they were getting too old to continue. This cycle of excellent material coming up for auction and encouraging new collectors to increase their participation, created a market that was dynamic and exciting.

By Harvey Stack, Co-Founder

​After our sale at the 1976 ANA Convention was completed, a group of dealers gathered in the lobby of the Sheraton Hotel to discuss our success selling this massive group of coins in a single sale. Ed Rochette, the executive director of the ANA, asked a group of us if we could have a private talk about future ANA sales. I was exhausted after selling thousands of lots during the past few days, but a meeting was important, so I attended.

By Harvey G. Stack, Co-Founder

​Stack's auction program for 1976 was very exciting, for not only did we have the contract to present the official auction at the ANA’s annual convention in the summer, but we offered seven other major sales as well. Four were before the ANA sale and three came after. In order to get all this work done and continue our normal coin business in the shop and on the road, many evenings and weekends were required of us.

By Harvey Stack, Co-Founder

​As I mentioned at the end of my last article, there was a last-minute glitch when the time came for the Eliasberg Collection to make its way to the Philadelphia Mint. It may sound unreal, but the grand display of the collection for the U.S. Bicentennial nearly didn't happen because of a technicality that affected one of the only people who had the power to put a halt to the plan.

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