Teletrade still is up and running

Alltheabove76 · November 25, 2013 7:16AM

Somone had said last week was their last auction, but I see they have one running for this week.

BAJJERFAN · November 25, 2013 7:20AM

Saw that too. Perhaps they were not taking on new consignments, but finishing up current obligations.

MsMorrisine · November 25, 2013 7:27AM

The consign button says nothing about taking no more.

Perhaps we were trolled.

BAJJERFAN · November 25, 2013 7:57AM

<< <i>The consign button says nothing about taking no more.

Perhaps we were trolled. >>

Yewd a thunk that Corey wooda posted here ta clear things up.

WTCG · November 26, 2013 1:06PM

Stacks Bowers Internet Auctions is essentially Teletrade under a different name so whether the Teletrade name is around or not doesn't really make much difference. It's the same staff under the same operation as Teletrade.

keets · November 26, 2013 7:07PM

TT is a mere shadow of what it used to be and certainly seems irrelevant at this point. doesn't any attempt to stay up and running come across as futile??

Patches · November 26, 2013 9:08PM

It is another option to browse at, it's their cost if they decide to operate. I hope they stick around.

Unknown · November 26, 2013 10:18PM

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georgiacop50 · November 26, 2013 10:43PM

There is still one area where TT beats out GC--the bargain price for having your varieties PCGS graded.

Teletrade gets it done @ $15, while GC will charge you the full $24.

Iconbuster · November 27, 2013 1:02AM

The misinformation on this board regarding Teletrade is amazing. I called Teletrade and the CSR I spoke with verified that the online weekly auctions will continue but the name will be changing to Stack's Bowers as some others have mentioned. The change will be occurring within the next few weeks. At that time, browser requests to teletrade.com will be redirected to a stacksbowers.com URL. In the meantime, everything is business as usual. Consignments are still being accepted, and there will be at least a couple more auctions under the TT name. Look for an announcement to be coming out shortly.

Cougar1978 · November 27, 2013 4:35AM

Glad to see they are still around. I like Teletrade done considerable business with them both buying and selling.

dbcoin · November 29, 2013 7:26AM

I'm confused by all the confusion here about what is going on. They had a Press Release back in July about this. There was a thread here discussing it. Subsequent to that, Spectrum said they would spin out AMark into a separate company and take SBG private. SBG would have all the Spanish lawsuit issues (fact) and potential pending bankruptcy (IMO)

Spectrum Group International Announces the Combination of Its Numismatic Operations
Launches Single, Unified Brand
Business Wire Spectrum Group International, Inc.
July 17, 2013 6:26 PM
IRVINE, Calif.--(BUSINESS WIRE)--

Spectrum Group International, Inc. (SPGZ) (the “Company”) announced today that it is combining its Stack’s Bowers Galleries, Teletrade and Spectrum Numismatics businesses into a single, integrated operating unit to be known as Stack’s Bowers Galleries. Brian Kendrella, formerly Director of Operations overseeing all three companies, has been named President of the newly constituted company.

Greg Roberts, President and Chief Executive Officer of the Company, commented, “Stack’s Bowers Galleries, Teletrade and Spectrum Numismatics have independently been leaders in their respective specialized areas of numismatics for as many as 80 years. Combining the unique and specialized services of these three leading organizations will enable the new Stack’s Bowers Galleries to remain at the forefront of numismatics and continue its tradition of excellence.”

“The opportunity to lead Stack’s Bowers Galleries is very exciting and I am honored to have been given the responsibility of continuing our unparalleled history of success,” Mr. Kendrella stated. “More than ever, we are committed to the needs of our valued clients and with them in mind, we have spent the past several months developing an entirely new and state-of-the-art technology platform that we will launch soon, along with other exciting innovations.”

Mr. Kendrella continued, “The new Stack’s Bowers Galleries will expand on the services previously offered by the three individual companies and offer an unmatched level of numismatic expertise, quality of service, and breadth of buying and selling opportunities. Our increased services will include our renowned live Showcase Auction presentations, weekly iAuctions, and Collectors Choice Auctions three times per year, as well as expanded retail and wholesale services through our online coin shop, SBGdirect, our flagship New York City store, and through direct customer relationships.”

Mr. Roberts concluded, “Our entire team of expert numismatists and senior management are committed to working with Brian to create the destination for all our customers’ numismatic needs, leveraging the prestige of the over eight-decade old Stack’s Bowers brand with the 21st century technological capability and know-how that our clients expect and deserve today.”

Teletrade still is up and running

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