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The E-Sylum:  Volume 9, Number 44, October 29, 2006, Article 18

COLLECTOR GAILLIOT TESTIFIES IN NOE TRIAL

According to an article in the October 27th Pittsburgh Post-Gazette,
"Millions of dollars of rare coins that Tom Noe said were the property
of two state-funded coin funds were actually the property of former
Federated Investors executive Henry Gailliot and former business
partner John Russ, the pair testified yesterday.

Mr. Gailliot and Mr. Russ told jurors in the embezzlement trial of
the former coin dealer and Republican fund-raiser Noe that they
owned coins listed as inventory of the Ohio Bureau of Workers'
Compensation's coin funds, and that sales records produced by Mr.
Noe's business were bogus.

Mr. Gailliot, for years the chief economist at the Downtown-based
mutual fund giant, also said that at times he would sell coins on
consignment with Mr. Noe. When the state seized the company's assets
in May 2005, some of Mr. Gailliot's coins were seized as well."

"Mr. Gailliot said he owns some of the most coveted gold coins in
the United States, worth millions of dollars, and that Mr. Noe helped
him acquire them. He also said he "would never contemplate selling''
two of his rarest coins, from the Trumpeter collection, and had
no explanation why they would be listed in inventories of the
rare coin funds."

To read the complete article, see: Full Story

[The article misspelled the name of the Trompeter Collection.
Can anyone tell us which two Trompeter coins Gailliot owns?
-Editor]

  Wayne Homren, Editor

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