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New firm? First American Numismatics

krankykranky Posts: 8,709 ✭✭✭
Saw a full-page ad in CW from First American Numismatics. Haven't seen them before, and the contacts listed are Robert Hughes (ex-Spectrum) and Dan Smith (ex-TAGZ). Offices in Beverly Hills.

I've always wondered how you can start up a rare coin company and right out of the blocks have a big inventory with big ticket coins.

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.

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    darktonedarktone Posts: 8,437 ✭✭✭
    My guess is most of these dealers don't actually own much of their listed inventory. mike
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    new company

    Robert had a ad in the previous CW stating the new company and the ads will start soon.
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    roadrunnerroadrunner Posts: 28,374 ✭✭✭✭✭
    Robert Hughes has owned more rare coin firms than most of us have had cars. I've known of Dan Smith since the middle 1980's when he was on his own. Very likeable and quite fair. I've run into him a few times recently at the Auburn, MA show and up until this, he had been on his own again.

    As the market gets stronger, expect to see more rare coin dealers breaking off on their own to take advantage of the boom.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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    darktonedarktone Posts: 8,437 ✭✭✭
    Roadrunner, I don't know those dealers personaly but I have seen many dealers selling the same exact coin in the past at the same time and I have had several dealers tell me they don't actually own the coin when I have enquired about them. Just last week I called Heritage about a coin they have listed on their website for the last few months and priced at several thousand dollars and they said they don't actually have the coin but can get it if I want it. mike image
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    MrEurekaMrEureka Posts: 24,737 ✭✭✭✭✭
    My guess is most of these dealers don't actually own much of their listed inventory.

    Could be, but First American isn't averse to buying coins "for stock". I sold them 50K at the last Long Beach show. No terms, no nonsense.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
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    darktonedarktone Posts: 8,437 ✭✭✭


    << <i>I've always wondered how you can start up a rare coin company and right out of the blocks have a big inventory with big ticket coins. >>
      Andy this is what my reply was meant to be about- no body specificaly just a general statement. mike image

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