Are we facing a sea change in the industry?

shorecoll

Sorry if this has been discussed, but ...

Over the next year QDB and the Stack's family will be selling their reference libraries. I know QDB has done this (at least partially) before but the Stack's stuff is original back to the dawn of time including lots of original stuff acquired when they bought out high powered dealers in the 30's and 40's. I also was looking at the Colonial section of the 7/30 Stack's auction...some high powered stuff there that looks like it may have been squirreled away for a long time. The Federal section isn't bad either.

With the Stack's family out and QDB selling his beloved books, is this just a changing of the guard or smart guys running for the hills? I'm not paranoid (or am I) but I am a fan of the quality and depth these people have brought to the industry. The mix of knowledge and power will be hard to replace. I think the modern houses can't or won't match the caliber over the long haul. rant.rant.rant

Hmmm!

shottaker

<< <i>Sorry if this has been discussed, but ...

Over the next year QDB and the Stack's family will be selling their reference libraries. I know QDB has done this (at least partially) before but the Stack's stuff is original back to the dawn of time including lots of original stuff acquired when they bought out high powered dealers in the 30's and 40's. I also was looking at the Colonial section of the 7/30 Stack's auction...some high powered stuff there that looks like it may have been squirreled away for a long time. The Federal section isn't bad either.

With the Stack's family out and QDB selling his beloved books, is this just a changing of the guard or smart guys running for the hills? I'm not paranoid (or am I) but I am a fan of the quality and depth these people have brought to the industry. The mix of knowledge and power will be hard to replace. I think the modern houses can't or won't match the caliber over the long haul. rant.rant.rant

Hmmm! >>



I think you will be surprised by the modern houses. They have the horsepower to hire the knowledge. It's just that the days of the big time raw auctions with deals may be gone.

I dont think they ran for the hills. I think age was a factor here.

Wonder what everyone thought when max mehl (sp?) left.

Bear

Instead of buying and selling coins we will be buying and selling pictures

of coins. Of course, the pictures will all be graded and slabbed by PCGS,

CACed. The slab will then be slabbed in an over sized slab and get a final

re review by DRC (Dreck Review Corporation). This will prove necessary as

all coinage, gold, silver, lead, platinum, tin as well as butter cookies will be

called in by the Treasury Dept. We all shall then receive our 666 implant chip

to keep track of our earnings, sales and taxes paid. That is the only way for the

Government to squeeze taxes out of that nasty old electronic trading system.

bidask

We wll read their books like we do Walter Breen.......no sea change.

WTCG

The truth is that the luminaries in the industry such as Harvey Stack and QDB are getting up there in age and whether they agree with doing so or not the time for them to "pass the baton" is fast approaching.

The more modern houses may not operate in the old-fashioned methods those old-timers do, but I would not worry about their abilities to conduct research on numismatics.

SeaEagleCoins

<< <i>Instead of buying and selling coins we will be buying and selling pictures

of coins. Of course, the pictures will all be graded and slabbed by PCGS,

CACed. The slab will then be slabbed in an over sized slab and get a final

re review by DRC (Dreck Review Corporation). This will prove necessary as

all coinage, gold, silver, lead, platinum, tin as well as butter cookies will be

called in by the Treasury Dept. We all shall then receive our 666 implant chip

to keep track of our earnings, sales and taxes paid. That is the only way for the

Government to squeeze taxes out of that nasty old electronic trading system. >>




Run for the hills, Chicken Little...the Wise old Bear says the sky is falling...

oreville

I hope that Stacks and Bowers donate their entire library to the ANS with some monies given to them to make it worth their while.

It needs to be kept together.

MrEureka

I'm under the impression that QDB is only selling part of his library.

shorecoll

You might be right Andy, but it's three catalogs full of "part of his library". I don't think a lot will be directly donated, but the heaviest bidders may be using donated cash for ANS...not sure about ANA. It's somewhat likely that a lot of the original bid-books, etc. from the early days will end up at ANS. Someone needs to donate a few $(000) so that ANS can catch up on their cataloging, I think on some things they're at least a decade or so behind. We'll read in a few years about the great Longacre scandal where he was switching his ratty worn out auction catalogs for new ones at the ANS (inside Sheldon joke, look it up).

COALPORTER

Hasn't "modern research" (LOL) rendered those old books useless?
Won't collectors just get confused by reading all that old stuff?
Maybe it should just be burned?