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ANNOUNCEMENT FROM PINNACLE RARITIES, INC.

Dear Fellow Numismatists --

In early 1992, Kathleen Duncan and I founded Pinnacle Rarities and for nearly 15 years, I have helped guide and grow this company into one of the nations most prominent and successful rare coin firms. Please know that I am eternally grateful for your business, support and friendship over these many years.

However, as proud and content as I am with our achievement, I have decided to leave Pinnacle to accept a leading position at Heritage Galleries & Auctioneers in Dallas, Texas. Suffice to say, they made me an offer that was simply too good to refuse. Despite the benefits and exciting challenges that await me at Heritage, leaving Pinnacle and the lifestyle my family enjoys here in the Pacific Northwest has been the most emotional and difficult decision I’ve ever made.

In all candidness, it is heartbreaking to be leaving the team here at Pinnacle. Kathleen Duncan has been a terrific business partner, contributing a level of intelligence and a sense of ethics that is unsurpassed anywhere in the numismatic industry. The other great people here at Pinnacle that will continue to support Kathleen are among the most professional, enthusiastic and efficient as any I have seen and I will miss working with them all tremendously.

I hope our paths will cross again and you will give me an opportunity to work with you during my tenure at Heritage. As far as Pinnacle goes, Kathleen plans to make it the best it’s ever been in the coming years. Her husband Dan Duncan will be soon joining her in managing the company. He is well known and highly respected and formerly worked as Vice President of U.S. Coins, one of the largest wholesalers in the industry. I have no doubt that you will continue to receive the same great service and expert advice as I trust you enjoyed while I was part of this company.

My last official day here will be April 30th and I then plan to take off a couple weeks to finalize my move and take a short vacation with my wife and two young boys before starting my new job in Dallas on May 15th. I encourage you to contact me with any questions or comments you may have.

Most sincerely,

Todd
Todd L. Imhof
Partner / Executive VP
Heritage Auctions

Comments

  • ERER Posts: 7,345
    Good luck, Todd.image
  • RussRuss Posts: 48,514 ✭✭✭
    You do realize Heritage sells moderns, right?

    Russ, NCNE
  • krankykranky Posts: 8,709 ✭✭✭
    Best of luck in your new position, Todd.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

  • DUIGUYDUIGUY Posts: 7,252 ✭✭✭
    Good Luck Todd ! Life is full of tuff choices . image
    “A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly."



    - Marcus Tullius Cicero, 106-43 BC
  • AZLARRYAZLARRY Posts: 1,189 ✭✭
    Good luck, Pinnacle has always been one of my favorites.image
    image
  • RYKRYK Posts: 35,798 ✭✭✭✭✭
    Congratulations and best wishes on the new position.
  • fcfc Posts: 12,793 ✭✭✭
    see about getting that juice lowered to 10%, k thanks. image
  • zeus135zeus135 Posts: 1,043
    Good luck to you.
    My humble '63 mint registry set, not much, but it's mine!
  • RegulatedRegulated Posts: 2,992 ✭✭✭✭✭
    Congratulations and good luck, Todd.

    What is now proved was once only imagined. - William Blake
  • PQpeacePQpeace Posts: 4,799 ✭✭✭
    Good luck,

    You will be the best employee they have !
    Larry
    Larry Shapiro Rare Coins - LSRC
    POB 854
    Temecula CA 92593
    310-541-7222 office
    310-710-2869 cell
    www.LSRarecoins.com
    Larry@LSRarecoins.com

    PCGS Las Vegas June 24-26
    Baltimore July 14-17
    Chicago August 11-15
  • curlycurly Posts: 2,880
    Good luck Todd.
    Every man is a self made man.
  • FullStepJeffsFullStepJeffs Posts: 1,874 ✭✭✭


    << <i>You do realize Heritage sells moderns, right?

    Russ, NCNE >>




    Not anymore... lol


    Congratulations on your job... could you please get Heritage to fix their auction archives so it's easier to find prices realized on a specific coin in a specific holder and grade... Teletrade blows them away in that area.

    Steve
    U.S. Air Force Security Forces Retired

    In memory of the USAF Security Forces lost: A1C Elizabeth N. Jacobson, 9/28/05; SSgt Brian McElroy, 1/22/06; TSgt Jason Norton, 1/22/06; A1C Lee Chavis, 10/14/06; SSgt John Self, 5/14/07; A1C Jason Nathan, 6/23/07; SSgt Travis Griffin, 4/3/08; 1Lt Joseph Helton, 9/8/09; SrA Nicholas J. Alden, 3/3/2011. God Bless them and all those who have lost loved ones in this war. I will never forget their loss.
  • Looks like a great opportunity. I have no doubt that you will do very well for yourself. Congrats and Good Luck !
  • relayerrelayer Posts: 10,570

    The worst year of my life is the month I spent in Dallas.

    At least you'll get there in time to enjoy the summer image
    image
    My posts viewed image times
    since 8/1/6
  • mozinmozin Posts: 8,755 ✭✭✭
    Todd,

    I hope you are happy in your new job. You will no doubt miss living in the Pacific NW.
    I collect Capped Bust series by variety in PCGS AU/MS grades.
  • LakesammmanLakesammman Posts: 17,409 ✭✭✭✭✭
    Todd:

    Thanks for the update.

    Here's to wishing both you/Heritage and Pinnacle the very best.

    Does that mean we won't be seeing you up at Roche Harbor anymore?? image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose.
  • bestclser1bestclser1 Posts: 5,566 ✭✭✭
    Todd,Congratulations and good luck in your new endeavor.Pinnacle has always been a class act,and their loss will be Heritages gain.Best,Lloyd
    Great coins are not cheap,and cheap coins are not great!
  • ReeceReece Posts: 378 ✭✭✭
    Wow great move Todd, I think Heritage just got a monster upgrade.!!image
    RWK
  • lavalava Posts: 3,286 ✭✭✭
    Everyone is heading to Texas, first T.O., now T.I. Whose next?
    I brake for ear bars.
  • BochimanBochiman Posts: 25,446 ✭✭✭✭✭
    I can't believe you are leaving our great weather up here in the Puget Sound area.......are you trying to lose your paleness? image

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • TrimeTrime Posts: 1,863 ✭✭✭
    Todd,
    Best of luck with Heritage.
    Those of us that have dealt with Pinnacle will miss you in your company.
    I agree that Katy will continue to provide outstanding leadership in Lakewood, Wa.
    Trime


  • << <i>The worst year of my life is the month I spent in Dallas.

    At least you'll get there in time to enjoy the summer image >>




    Pacific NW to Dallas Texas. That is rough climate wise. My wife's daughter came down and lasted from August until May. She said she had never been so hot, then so cold, then so hot again in her life. She went back to Bellingham Washington.

    Todd, please, if your vehicles don't have air conditioning get some before showing up down here. And congratulations and good luck to you and your family.



    Jerry
  • LongacreLongacre Posts: 16,717 ✭✭✭
    Congratulations, Todd! Best of luck with your new position. Heritage is getting an MS-70 DCAM.
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    "see about getting that juice lowered to 10%, k thanks"

    Yeah, that's the ticket!


    Very best of luck in Dallas (Big D on the muddy T). The "T" is the Trinity river...have fun!
  • Change is good. At the very least it will be interesting and educational. Congratulations, I wish you the best in your new endeavor.
  • CommemDudeCommemDude Posts: 2,282 ✭✭✭✭✭
    Best of luck Todd....I am sure you will prosper in your new position with Heritage.

    Mark, Scott, and now Todd...Pinnacle has been the home of some of the best guys in numismatics over this past decade...Mike C.
    Dr Mikey
    Commems and Early Type
  • pontiacinfpontiacinf Posts: 8,915 ✭✭
    congrats Todd, you have my best wishes image
    image

    Go BIG or GO HOME. ©Bill
  • saintgurusaintguru Posts: 7,724 ✭✭✭
    You don't need to be wished good luck when you earned it. You're a valuable asset as well as friend to many here, and you are simply taking a quantum leap in your ability to assist us. (I guess we assist you too!)

    Nice going, amigo. image
    image
  • KentuckyJKentuckyJ Posts: 1,871 ✭✭✭

    Todd, best of luck to you. I certainly enjoyed our moments of communication and the opportunity to work with Pinnacle on my family's collection. I know you'll do well in your new position with Heritage. Having just moved our household 900 miles, in the past month, from a nice Kentucky climate to a cold northeast lingering winter, I send you my sympathy on the WA ---> TX part of this change!

    Travel safe, have fun, enjoy image

    KJ

  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    Todd,
    Heritage has gained another great guy! I hope you can live in "Flatland". I'm sure you'll prosper there! I also wish Katy and Danny all the best. Perhaps if you get restless in Dallas, they'll send you a jar of rain water. I hope we'll still see you at the shows!
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • scherscher Posts: 924
    Good luck to you....
    Bruce Scher
  • RegistryCoinRegistryCoin Posts: 5,117 ✭✭✭✭
    Good luck with the new position, Todd.
  • A class act!
  • poorguypoorguy Posts: 4,317
    You are going to miss Mt. Rainier in the Skyline. Congratulations on the position. image
    Brandon Kelley - ANA - 972.746.9193 - http://www.bestofyesterdaycollectibles.com
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭


    << <i>You are going to miss Mt. Rainier in the Skyline. >>



    Possibly, but the ladies in Fort Worth are ........ GORGEOUS! Outstandingly so. So much, in fact, that even my WIFE noticed when we got stuck there for a medical reason a few years back.

    Oh my, are they sweet!

    image
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭

    Best wishes on your new endevour.
  • dpooledpoole Posts: 5,940 ✭✭✭✭✭
    Todd has done a spectacular job at Pinnacle. Heritage has scored a coup, IMO.

    Welcome to Texas, Todd! image

  • GOLDGUYGOLDGUY Posts: 253 ✭✭
    I am truly touched by all your good wishes. I'm travelling this week but will try to reply to some of your specific comments when I return.
    Warmest regards,

    Todd
    Todd L. Imhof
    Partner / Executive VP
    Heritage Auctions
  • Todd,

    In the relatively short time I have gotten to know you, you have proven time and time again, you are a man of great ethics and trustworthiness; a man of your word............. you clearly stand out from the pack.

    I can only wish you and your family all the very best, in the move, and in the excitement this new position holds for you.

    You deserve it! image

    Best Regards,

    Dr. Steve A.


    image
    The only true wisdom is in knowing you know nothing. (Socrates)


    MY PCGS SAINTS REGISTRY SET
    image
  • TheNumishTheNumish Posts: 1,628 ✭✭
    Todd--good luck at Heritage. It'll be quite an adjustment. Not just the move to Dallas but going from being the number one guy in a company to the number 77th. That's not a bad thing, just different. You're a good, smart guy so I think you'll do very well. Heritage is lucky to have you.

    I've lived in Dallas for 12 years. Moved from Washington, DC so that was a big adjustment. The first year I hated living here. The second year it was ok. By the time the third year rolled around I liked living here. Don't think I'll ever love it but it has a lot of advantages.
  • TheNumishTheNumish Posts: 1,628 ✭✭
    oops-posted the same thing twice.
  • cladkingcladking Posts: 28,701 ✭✭✭✭✭
    Good luck, GoldGuy. I hope you enjoy the new job.
    Tempus fugit.
  • ZerbeZerbe Posts: 587 ✭✭
    When I first read the news about Todd departing, I was very unhappy, because Todd has built so many top notch sets for me, but then I realized Pinnacle is still in business and will continue on, because EVERYBODY at Pinnacle are cut from the same cloth.

    Also this is such an accomplishment for Todd and I know he is very excited and he will make Heritage more impressive than it already is.

    I am extremely happy for Todd, and this deserved position.

    One personal trait about Todd that comes to mind, is the fact that he really tries to help the collector the best he can, in finding the best coins, at reasonable prices. He tries his best to put you in the black, and will steer you away from "problem coins" He is honest !

    My utmost best wishes in your new job, and I thank you for almost ALL, the highest highlights, that I have experienced, as a coin collector.

    Paul Taylor
  • HalfsenseHalfsense Posts: 600 ✭✭✭
    FYI, here is the news release issued today, March 24, 2006, by Heritage.
    -donn-
    ---------------------------
    Todd Imhof Joins Heritage Team


    (Dallas, TX) – One of the numismatic profession’s most respected leaders, Todd L. Imhof, has been named a Vice President of Heritage Auction Galleries, Dallas, Texas (www.HeritageAuctions.com), the world’s largest collectibles auctioneer.

    Imhof, a co-founder of Pinnacle Rarities in Lakewood, Washington, is a former Chairman of the Industry Council for Tangible Assets (ICTA) and a member of the Consumer Protection Committee of the Professional Numismatists Guild (PNG). Well-known in the profession for numerous transactions involving famous and finest known numismatic rarities, he will oversee private treaty sales at Heritage beginning May 15, 2006.

    “Todd has one of the best personal and professional reputations in numismatics. With his impeccable integrity and professionalism, he is a trusted advisor to many of the largest, most sophisticated coin collectors in the country,” said Greg Rohan, Heritage President.

    In 1993, at the age of only 25, Imhof became one of the youngest dealers ever accepted as a PNG member. He served as ICTA Chairman from 2002 to 2005.

    Although he originally did not intend to become a rare coin dealer, his numismatic career began in 1991.

    “I studied international finance in college and had accepted a position with a major Wall Street bank. But through a couple of twists of fate, I deferred my employment in New York to join a high school classmate’s company, Hertzberg Rare Coins, in Tacoma, Washington. I quickly acquired an appreciation for the history and artistry of coins, and more important, I found I loved dealing with collectors,” said Imhof.

    In 1991, he acquired assets of Hertzberg and co-founded Pinnacle Rarities with Kathleen Duncan.

    “Since then, I’ve specialized in high-quality, rare U.S. coins, working closely with savvy collectors, connoisseurs and investors who are assembling many of the largest and most prestigious collections. I’ll be eternally grateful for the business, support and friendship of so many people over the past 15 years,” Imhof stated.

    He and wife, attorney Heidi Imhof, have two sons, Nicholas, 5, and James, 4. The Imhofs have been active supporters of many civic and charitable organizations in the Seattle-Tacoma area.

    In addition to his enjoyment of coins, Imhof collects Olympic medals and fine wines, and is an avid, competitive sailor.

    For additional information, contact Heritage Auction Galleries, 3500 Maple Ave., 17th Floor, Dallas, TX 75219. Phone: (800) 872-6467. Web: www.HeritageAuctions.com.
    ###
    "If it happens in numismatics, it's news to me....
  • GOLDGUYGOLDGUY Posts: 253 ✭✭
    You do realize Heritage sells moderns, right?

    Yes I do. And 1927-D Saints and Brashers and comic books and fine art and vintage Mickey Mouse watches and Mickey Mantle bats and . . .

    see about getting that juice lowered to 10%, k thanks

    I'll see what I can do. But my hunch is the probablity is slightly less than getting my new bosses to move to Seattle.

    You will be the best employee they have!

    Do you think I'll get my picture and name on a plaque in the lobby if I'm ever named "Employee of the Month"?

    Does that mean we won't be seeing you up at Roche Harbor anymore?

    You will absolutely see me again in the San Juan Islands! We were forewarned about Dallas in July and are keeping a Summer home on Puget Sound. I'll try to join my family on the weekends during that time.
    Todd L. Imhof
    Partner / Executive VP
    Heritage Auctions
  • RYKRYK Posts: 35,798 ✭✭✭✭✭
    You do realize Heritage sells moderns, right?

    Yes I do. And 1927-D Saints and Brashers and comic books and fine art and vintage Mickey Mouse watches and Mickey Mantle bats and . . .


    Can you hook me up with a vintage Mickey?
  • GOLDGUYGOLDGUY Posts: 253 ✭✭
    I agree that Katy will continue to provide outstanding leadership in Lakewood, Wa.

    Katy is a remarkable person with all the talent and resources necessary to keep Pinnacle at the highest levels in this industry. She has my best wishes for tremendous success and I look forward to working with my former colleagues in whatever way possible from my new position at Heritage.

    . . . the ladies in Fort Worth are ........ GORGEOUS!

    They were actually part of the pitch I received from the Heritage brass.

    Welcome to Texas!

    Wow. I'm really going to be a true Texan? When do I get to start using phrases like "Don't mess with Texas" or "Yee Haw"?

    Todd L. Imhof
    Partner / Executive VP
    Heritage Auctions
  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭
    Good luck. Heritage has burned a lot of bridges around here. Hopefully you can teach them to treat their customers better.
  • seateddimeseateddime Posts: 6,179 ✭✭✭
    best of luck
    I seldom check PM's but do check emails often jason@seated.org

    Buying top quality Seated Dimes in Gem BU and Proof.

    Buying great coins - monster eye appeal only.

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