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By Harvey Stack, Co-Founder

​In 1981, public auction sales maintained some equilibrium on the market, and for Stack's the quantity and quality of the sales improved from January to December, indicating how the numismatic hobby was recovering after a tough start to the year.

By Harvey Stack, Co-Founder

​The year 1981 turned out to feature a few outstanding collections, a greater dedication at the ANA to stopping counterfeiting and "doctoring," and the stabilization of the silver market back at the original $10 per ounce. All this seemed to stimulate greater interest in numismatics, which had waned in 1980. This did not mean there were not challenges to deal with.

By Harvey Stack, Co-Founder

​Stack's presented over half a dozen public auctions in 1980, featuring collections from various museums as well as private collectors. In February we featured items from several important places, highlighted by a comprehensive collection from the New Canaan Historical Museum. Also included was a cabinet of Charlotte Mint gold coins from Parks Dalton, who with his father and brother had assembled a major collection of this very popular specialty. There were other collections geared toward general collectors, making up a sale of over a thousand lots.

By Harvey Stack, Co-Founder

​The year 1980 began with a crash in the precious metals silver market. For years, the price and value of silver had risen and as noted before, some people were hoarding it and trying to corner the market. The price increases induced people to search out silver coins that they had in piggy banks, cookie jars and other places and sell them.

By Harvey Stack, Co-Founder

​In the fall and early winter of 1979 we continued to present public auctions that offered a wide variety of numismatic items. Just after Labor Day, we offered a large, specialized collection of high quality and rare U.S. colonial coins formed by Donald S. Fleishcher. Don Fleishcher was well known in the numismatic clubs in the Metropolitan area as he had worked for decades with collectors who were centralized around New York. The friendships he had developed while collecting resulted in many specialists and well known numismatists participating in his sale, and it was a talked about event for months after. The sale contained hundreds of lots of colonial coins and currency, along with some classic early American issues to support the offering. It was a great opportunity for collectors in this field.

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.

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