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By Harvey Stack, Co-Founder

​Stack's 1979 auction season continued with a celebrated collection of ancient Roman and Greek coins. This sale included 1,499 lots gathered by Dr. John A. Sawhill that had been given to James Madison University. Dr. Sawhill was a teacher of ancient history who collected pieces that represented his specialty. Central to the offering was 256 coins that the doctor had purchased from our Massachusetts Historical Society sale in 1971. Many of the coins from the Sawhill Collection found their way into major collections.

By Harvey Stack, Co-Founder

​The year 1979 brought quite a few important public auctions. At the time, Stack's was the leading public auctioneer in the coin hobby, as we sold many of the major collections being offered. After Stack's helped to build their collections, many of our clients would give us the opportunity to "return their treasures" to the marketplace, for new generations of collectors to enjoy. In addition, our reputation was such that we were selected by banks, trust companies, colleges, universities and museums to assist in appraising their holdings and often selling numismatic material so that they could better finance their central purpose. The number of sales and rare coins we were given to sell at auction kept us busy during the year, and the "name" sales added to our reputation, bringing in even more consignments.

By Harvey Stack, Co-Founder

​In 1979 several influential things changed numismatics, including precious metal investments, multi-dealer auction events, the slowing of growth in the hobby, the last release of Carson City silver dollars, and several important collections crossing the auction block.

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.

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