Options
Leon Hendrickson, 2008 ANA's Numismatist of Year
Goldbully
Posts: 18,500 ✭✭✭✭✭
From NN.............................
July 6, 2008
Hendrickson named Numismatist of Year
Leon Hendrickson, 80-year-old founder and president of SilverTowne of Winchester, Ind., is the American Numismatic Association’s 2008 Numismatist of the Year.
Hendrickson will be given the award at the ANA membership reception Aug. 1 during the Baltimore convention.
Hendrickson founded the coin dealership and mint in 1949. He began selling coins out of a cigar box stashed under the counter of his restaurant. The business grew from there.
SilverTowne currently employs 100 people in a coin shop, jewelry and collectibles departments and a custom mint.
“It’s just beyond my imagination how much business is out there,” Hendrickson said. “But the hobby’s fellowship has meant so much more to me than the money.”
Hendrickson is a former president of the Professional Numismatists Guild, Central States Numismatic Society and Indiana State Numismatic Association and is a member of more than 30 clubs.
Hendrickson won the ANA Medal of Merit in 1990 and Presidential Award in 2003. He received lifetime achievement awards from the National Silver Dollar Roundtable, the Blue Ridge Numismatic Association and the PNG.
“Whenever the hobby community has presented a challenge to him with a request for his participation, Hendrickson has simply done what was asked and what was right,” said Clifford Mishler, ANA governor. “He always has time for the individual collector seeking information, or a marketplace for buying or selling coins. It doesn’t matter if the object is a proof set or an 1804 dollar.”
The ANA Numismatist of the Year Award is given annually for career achievement.
NN Link
July 6, 2008
Hendrickson named Numismatist of Year
Leon Hendrickson, 80-year-old founder and president of SilverTowne of Winchester, Ind., is the American Numismatic Association’s 2008 Numismatist of the Year.
Hendrickson will be given the award at the ANA membership reception Aug. 1 during the Baltimore convention.
Hendrickson founded the coin dealership and mint in 1949. He began selling coins out of a cigar box stashed under the counter of his restaurant. The business grew from there.
SilverTowne currently employs 100 people in a coin shop, jewelry and collectibles departments and a custom mint.
“It’s just beyond my imagination how much business is out there,” Hendrickson said. “But the hobby’s fellowship has meant so much more to me than the money.”
Hendrickson is a former president of the Professional Numismatists Guild, Central States Numismatic Society and Indiana State Numismatic Association and is a member of more than 30 clubs.
Hendrickson won the ANA Medal of Merit in 1990 and Presidential Award in 2003. He received lifetime achievement awards from the National Silver Dollar Roundtable, the Blue Ridge Numismatic Association and the PNG.
“Whenever the hobby community has presented a challenge to him with a request for his participation, Hendrickson has simply done what was asked and what was right,” said Clifford Mishler, ANA governor. “He always has time for the individual collector seeking information, or a marketplace for buying or selling coins. It doesn’t matter if the object is a proof set or an 1804 dollar.”
The ANA Numismatist of the Year Award is given annually for career achievement.
NN Link
0
Comments
Tom DeLorey
And Congrats to Leon !
3 "DAMMIT BOYS"
4 "YOU SUCKS"
Numerous POTD (But NONE officially recognized)
Seated Halves are my specialty !
Seated Half set by date/mm COMPLETE !
Seated Half set by WB# - 289 down / 31 to go !!!!!
(1) "Smoebody smack him" from CornCobWipe !
IN MEMORY OF THE CUOF
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
insiders giving awards to their pals. how noble and ideal.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Leon Hendrickson was indicted for money laundering in violation of 18 U.S.C. § 1957.5
On July 15, 1993, each of the Hendricksons pled guilty to the indictment against him. Leon Hendrickson was sentenced to five months' imprisonment and to pay a forfeiture of $742,555, which represented the amount of the last seven transactions between Silver Towne and Robert McGuinn. David Hendrickson was sentenced to 12 months, and Stanley Hendrickson was sentenced to unsupervised probation for one year and a fine of approximately $4,000.
here is the full government transcript of the case:
click here
so lets see if i have it straight.
We have a "dealer" that makes their living off of selling crap to the shop-at-home con artists that blatantly rip people off, and then they have the audicity to stand up for their actions; even after the PNG made a point to denounce these TV shows.
We have a "dealer" that is a money launderer, and was convicted of it in a court of law.
Based on the above, the ANA saw fit to vote him as the Numismatist of the Year; who will be the next recipient, Tom Noe?
my ANA membership is up for renewal. Before and IF i renew, i'm going to write letters and/or emails to Stuppler and anyone else that will listen to get an answer to this nonsense.
"NUMISMATIST OF THE YEAR"? how about "Numismatic criminal and con artist of the decade":, that has a better ring to it.
As for the shop at home stuff, I won't comment per the bylaws of an organization in which we are both members. It's business.
Anything in a press release to expound upon the reasons for being named Numismatist of the Year? I would expect it would have to be related to a "numismatic" accomplishment, a contribution to the science of the hobby.
edited to add>>
Should have read the thread completely first:
“Whenever the hobby community has presented a challenge to him with a request for his participation, Hendrickson has simply done what was asked and what was right,” said Clifford Mishler, ANA governor. “He always has time for the individual collector seeking information, or a marketplace for buying or selling coins. It doesn’t matter if the object is a proof set or an 1804 dollar.”
So he is being recognised for being exceptionally and selflessly responsive to buyers and sellers over his career. Fair enough.
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
roadrunner
<< <i>Some dealers say Leon was set up and was doing what a lot of other dealers did and still do in taking large cash deals on sans form 8300. I won't pass judgment; the courts did and he plead as he did. It's a good lesson for everyone. Be careful about cash deals. Know what "cash" means for form 8300. For instance, cashier's checks and traveler's checks are cash but personal checks are not. Report what you should for transactions over the $10K limit and pay the sales and use taxes as appropriate. With all the cash deals I have witnessed on bourses for like forever, hardly ever being asked to pay sales tax unless a check is written, I seriously doubt that many of those sub-$1K (the limit here in CA) transactions are taxed in states that demand such. I would think they are in the extreme minority. Correct me if I am wrong. Nonetheless, when the hammer comes down on you for not reporting big cash, collecting/paying appropriate sale and use taxes, or underreporting income, you'll wish you had never missed beat on any of them. Leon's case is a good example.
As for the shop at home stuff, I won't comment per the bylaws of an organization in which we are both members. It's business.
Anything in a press release to expound upon the reasons for being named Numismatist of the Year? I would expect it would have to be related to a "numismatic" accomplishment, a contribution to the science of the hobby.
edited to add>>
Should have read the thread completely first:
“Whenever the hobby community has presented a challenge to him with a request for his participation, Hendrickson has simply done what was asked and what was right,” said Clifford Mishler, ANA governor. “He always has time for the individual collector seeking information, or a marketplace for buying or selling coins. It doesn’t matter if the object is a proof set or an 1804 dollar.”
So he is being recognised for being exceptionally and selflessly responsive to buyers and sellers over his career. Fair enough. >>
Personally, I like Leon.
Ray
That said, if it were up to me, I would give the award for scholarship, not for being a fair trader. Being a reputable and honest dealer should be expected, not the occasion for an award. Awards should be given to those who go above and beyond, especially in numismatic research or publication or perhaps for developing YNs.
<< <i>Awards should be given to those who go above and beyond, especially in numismatic research or publication or perhaps for developing YNs. >>
<< <i>...I would give the award for scholarship, not for being a fair trader. Being a reputable and honest dealer should be expected, not the occasion for an award. Awards should be given to those who go above and beyond, especially in numismatic research or publication or perhaps for developing YNs. >>
Completely.
<< <i>Leon Hendrickson was indicted for money laundering in violation of 18 U.S.C. § 1957.5
On July 15, 1993, each of the Hendricksons pled guilty to the indictment against him. Leon Hendrickson was sentenced to five months' imprisonment and to pay a forfeiture of $742,555, which represented the amount of the last seven transactions between Silver Towne and Robert McGuinn. David Hendrickson was sentenced to 12 months, and Stanley Hendrickson was sentenced to unsupervised probation for one year and a fine of approximately $4,000. >>
I'm surprised that as a convicted felon and ex-con he wasn't kicked out of the ANA.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
At first, I agreed. Then, I considered that every deal provides a service, often just as valuable (or more) than free services such as "numismatic research". At this point, my only problem with the award is that there are an awful lot of deserving dealers that could clog the pipeline for future awards. For this reason, I'd suggest that the ANA set up a separate award for "Dealer of the Year". The only remaining issue is whether we should give the first such award to Russ or MadMarty.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>Russ AND MadMarty....Numismatists of the Year!!!!!
I would not know who to choose, and I know they will not want to share it. Therefore, I will recommend a cage match to decide it.
<< <i>
<< <i>Russ AND MadMarty....Numismatists of the Year!!!!!
I would not know who to choose, and I know they will not want to share it. Therefore, I will recommend a cage match to decide it.
Which one is Russ????
I agree. I think it should be named the "Q. David Bowers" award.
Edited to add: I think "Numismatist of the year" should not be a dealer, unless it is someone like J.D. or J.K. or QDB or any one else who is only known by their initials.
<< <i>I would give the award for scholarship, not for being a fair trader. Being a reputable and honest dealer should be expected, not the occasion for an award. Awards should be given to those who go above and beyond, especially in numismatic research or publication or perhaps for developing YNs.
At first, I agreed. Then, I considered that every deal provides a service, often just as valuable (or more) than free services such as "numismatic research". At this point, my only problem with the award is that there are an awful lot of deserving dealers that could clog the pipeline for future awards. For this reason, I'd suggest that the ANA set up a separate award for "Dealer of the Year". The only remaining issue is whether we should give the first such award to Russ or MadMarty. >>
Couldn't agree with you more!!!!!!!!
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
eBaystore
<< <i>There is going to be a Dealer of the Year Award, in memory of Harry J. Forman, I believe, and it should be announced soon. >>
Interesting award idea. Usually one would expect a lifetime achievement thing for dealers, rather than an award for a great year of contributing to the hobby. Wonder if that would be just for real fulltime dealers or also anyone who sets up their lemonade stand (like me).
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
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)
Don't get me wrong. I love the guy.
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
<< <i>so lets see if i have it straight.
We have a "dealer" that makes their living off of selling crap to the shop-at-home con artists that blatantly rip people off, and then they have the audicity to stand up for their actions; even after the PNG made a point to denounce these TV shows.
We have a "dealer" that is a money launderer, and was convicted of it in a court of law.
Based on the above, the ANA saw fit to vote him as the Numismatist of the Year; who will be the next recipient, Tom Noe?
my ANA membership is up for renewal. Before and IF i renew, i'm going to write letters and/or emails to Stuppler and anyone else that will listen to get an answer to this nonsense.
"NUMISMATIST OF THE YEAR"? how about "Numismatic criminal and con artist of the decade":, that has a better ring to it. >>
Hey Doogie: As far as I can tell, you have it right.
eBay Link
I also don't think the law makes sense. After all, the drug dealers have already made their money. Who cares how they spend it?
And it also stands to reason that if you make it difficult for the drug dealer to spend his money in some ways, in some places, he'll simply spend it elsewhere. Or save it. But that hardly matters if your focus is on stopping drug abuse.
So from my perspective, there was nothing "evil" about what Leon did, whatever he knew. From my point of view, if we are to judge the man, that's important.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
From what I read of the linked eBay thread in Goldbully's post, it seems as if over the time period in question Mr. Hendrickson filed 8300's for his deals with everyone else except one person. For that person--who was laundering drug money--Mr. Hendrickson had over $1 million in transactions and over 20 deals, all of which required 8300s to be filed and for which he filed none. Now I hasten to add that I have not spent the time to investigate the charges in that thread so I sure do NOT assign total crediblity to them. But to the extent they are true, they are, in my opinion, damning; to the extent they are false, the people making the charges should be damned themselves.
However, where I really disagree with you is your comment that "drug dealers have already made their money. Who cares how they spend it?" Let me change this a bit: "contract murderers have already made their money. Who cares how they spend it?" Somehow I think you might disagree with my alteration of your sentences but I think the logic in your passage and in mine is the same...and is wrong. Murder is against the law; so, too, is drug dealing. Society apparently wants to limit both. Jailing contract murders and drug dealers for money laundering makes it somewhat easier for society to sanction these people. (By the way, as a libertarian I totaly oppose contract murders but I also think that using whatever drug someone wishes to use should be legal as long as the use physically harms no one else. I juxtapose drug dealers and contract murderers only to make my argument as stark as possible.)
I don't.
Murder is against the law; so, too, is drug dealing. Society apparently wants to limit both. Jailing contract murders and drug dealers for money laundering makes it somewhat easier for society to sanction these people.
While I agree with the above, it doesn't necessarily follow that jailing otherwise innocent money launderers will significantly curtail the illegal activities of their clients.
(By the way, as a libertarian I totaly oppose contract murders but I also think that using whatever drug someone wishes to use should be legal as long as the use physically harms no one else.
While I also consider myself a libertarian, I'm OK with the government regulating the drug trade, within limits. If a drug is highly addictive or potentially lethal, I'm all for the government controlling or banning its distribution. On the other hand, any safe recreational drug should be legal.
Unfortunately, I think this moves us into the "political thread" arena, which means we're about to get poofed by our host. Sorry, folks.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>However, where I really disagree with you is your comment that "drug dealers have already made their money. Who cares how they spend it?" Let me change this a bit: "contract murderers have already made their money. Who cares how they spend it?" Somehow I think you might disagree with my alteration of your sentences
I don't.
Murder is against the law; so, too, is drug dealing. Society apparently wants to limit both. Jailing contract murders and drug dealers for money laundering makes it somewhat easier for society to sanction these people.
While I agree with the above, it doesn't necessarily follow that jailing otherwise innocent money launderers will significantly curtail the illegal activities of their clients.
(By the way, as a libertarian I totaly oppose contract murders but I also think that using whatever drug someone wishes to use should be legal as long as the use physically harms no one else.
While I also consider myself a libertarian, I'm OK with the government regulating the drug trade, within limits. If a drug is highly addictive or potentially lethal, I'm all for the government controlling or banning its distribution. On the other hand, any safe recreational drug should be legal.
Unfortunately, I think this moves us into the "political thread" arena, which means we're about to get poofed by our host. Sorry, folks.
Carol knows best.....this is NOT a political thread whatsoever!!!!!!!
Congrats Leon.
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
<< <i>What is a plea bargain used for? They were implicating others in his family. They very well may have offered to take charges off the table for others if he took the fall and went to the pokey. And putting Leon, a top coin dealer in the country, behind bars would resonate to many other dealers to be wary of taking cash, not reporting it, and especially is you were not nearly 100% certain it was clean money. That would shut down that conduit for money launderers. It might very well be that Leon doin time was actually doing numismatics the biggest favor of his career. Just speculation. >>
Wow! That is without a doubt one of the most ridiculous things I have read on this forum.
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
<< <i>I'm surprised at the mud slinging here. Everyone has some skeletons in the closet...
Congrats Leon. >>
How many other respondents to this thread do you believe have done prison time?
<< <i>How so? He took a bargain. What do you suppose was the bargain? He was the only one in his family to do time and was not the only one apparently involved. >>
I am quite sure he took the fall for his kids. What parent wouldn't. It is what you wrote after that that is ridiculous. If not ridiculous, then a very sad commentary on the coin industry. Either way, as an ANA member I am openly saying that this man is not worthy of the award and I have already shared my feelings with two board members.
<< <i>
<< <i>How so? He took a bargain. What do you suppose was the bargain? He was the only one in his family to do time and was not the only one apparently involved. >>
I am quite sure he took the fall for his kids. What parent wouldn't. It is what you wrote after that that is ridiculous. If not ridiculous, then a very sad commentary on the coin industry. Either way, as an ANA member I am openly saying that this man is not worthy of the award and I have already shared my feelings with two board members. >>
My point is that, not painting him as a saint (that's not for me judge), the jail time may have saved others from get tangled up in serious money laundering. Give him an award for that? No. I am absolutely ambivalent as to whether his felony should exclude him from an ANA achievement award if it was otherwise deserved. I feel the same way about whether a presidential candidate either inhaled pot or was a male cheerleader. It isn't as relevant to me personally.
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
<< <i>
<< <i>How so? He took a bargain. What do you suppose was the bargain? He was the only one in his family to do time and was not the only one apparently involved. >>
I am quite sure he took the fall for his kids. What parent wouldn't. It is what you wrote after that that is ridiculous. If not ridiculous, then a very sad commentary on the coin industry. Either way, as an ANA member I am openly saying that this man is not worthy of the award and I have already shared my feelings with two board members. >>
The ceremony in Baltimore will certainly be overshadowed with this past spectre....with those in the know!
Mixed emotions will be the lead story in Crab City USA........Did Leon pay for his for his past indiscertions??....Does Leon deserve the ANA's blessings and accolades??
Wonder how those on the ANA awards panel are feeling at this juncture???
Good luck Leon......I have great respect for vibrant senior citizens.
Actually, the people in the room will not care in the least about "this past spectre". They know Leon well enough to overlook the problem.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>The ceremony in Baltimore will certainly be overshadowed with this past spectre....with those in the know!
Actually, the people in the room will not care in the least about "this past spectre". They know Leon well enough to overlook the problem. >>
I understand. If Leon was my uncle, I would probably be his biggest fan too.
How does that go??? Blood is thicker than water!!!!
<< <i>I don't know if Leon should have been suspicious of the buyer, or if he was.
I also don't think the law makes sense. After all, the drug dealers have already made their money. Who cares how they spend it?
And it also stands to reason that if you make it difficult for the drug dealer to spend his money in some ways, in some places, he'll simply spend it elsewhere. Or save it. But that hardly matters if your focus is on stopping drug abuse.
So from my perspective, there was nothing "evil" about what Leon did, whatever he knew. From my point of view, if we are to judge the man, that's important. >>
Check out the money laundering features of the Patriot Act
Had this crime happened today, under this act the punishment would have been far worse.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
that he paid his debt to society and it's really a little rude to even mention it.
This guy was, is, and will, no doubt remain, a stand up guy whether he's an
ex-con or not.
All I have to say is congratulations.
Tom DeLorey
I still wish I had the original boxed 1941 proof set that he sold me for around $80 or so.
As for the conviction, he paid the price. I don't think anyone can ever show that he cheated anyone in the hobby or in business, professional numismatist or green YN.
As for the TV coin operations, this did bring money into the coin market, as they had to buy the stuff somewhere. It also made several of us money by making "70's" with the TPGs, and for myself, I used these profits to buy the coins I wanted.
==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades
Successful, problem free and pleasant transactions with: illini420, coinguy1, weather11am,wayneherndon,wondercoin,Topdollarpaid,Julian, bishdigg,seateddime, peicesofme,ajia,CoinRaritiesOnline,savoyspecial,Boom, TorinoCobra71, ModernCoinMart, WTCG, slinc, Patches, Gerard, pocketpiececommems, BigJohnD, RickMilauskas, mirabella, Smittys, LeeG, TomB, DeusExMachina, tydye
an ANA " Bear of the Year" award.
Camelot