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The E-Sylum: Volume 12, Number 22, May 31, 2009, Article 15

MORE ON LARRY STACK'S DEPARTURE FROM STACK'S RARE COINS

Last week's departure of Larry Stack from Stack's has been reflected on the firm's web site with the disappearance of his picture and biography, but the company hasn't issued a statement - there's nothing new on the Current News section. E-Sylum readers from the firm haven't commented either, which leaves only speculation. Below are some of the comments that appeared on the Collector's Universe forum this week: -Editor


  • It will be interesting to find out the reasons that are eventually made public.
  • Usually in public companies the CEO only leaves when they are retiring or when they have lost the confidence of the board of directors.
  • Who owns that firm, anyhow?
  • Anderson brothers
  • It will be interesting to see if he starts a new company and competes with his old company.
  • So perhaps he will get on board with Bowers and Merena, I wonder how QDB would feel about that?
  • hmmm ... if stack would take over Bowers, then stack will be at Bowers, and Bowers will be at stack's, right? Ingenious!!


To read the full discussion, see: Larry Stack Leaves Stack's (http://forums.collectors.com/messageview.cfm?catid=26&threadid=722546&highlight_key=y&keyword1=stack)

Alan V. Weinberg writes:
The numismatic community is losing a tremendous positive influence with the forced departure of Larry Stack from Stack's. I say "forced departure" as that is what it was. Not a mutually-agreed upon severing of ties or an early retirement.

The Anderson Bros. of Whitman Publishing, who had reportedly been trimming staff in various of their ventures, apparently had plans for a new direction in Stack's operations with which Larry strongly disagreed.

He was of the "old school" - masterfully written and researched auction catalogues of the finest visual quality, knowledge of great rarity and an aesthetic appreciation for numismatic art and history, the importance of a long term support staff (many had been there for decades, most unusual in this industry), and the care needed to cultivate long term and old-time collections and collectors. Tony Terranova, a longtime collector/dealer and a close friend of both mine and Larry's, very recently stated to me: "Nothing is forever - things change". How unfortunate... and how true. Things change, and often not for the better. This is my opinion.


Change is a constant and so are differing opinions. Time will tell how the market sorts out this change. Great coins, collections and collectors live on, and in time will come to market one way or another. As bibliophiles and numismatic researchers, we E-Sylum readers have been treated to a marvelous production of sale catalogs from multiple firms in recent years. Many will still be useful in the future; many others will not. But I'm a born optimist - great collections will get the cataloging they deserve because the market demands it. Here's hoping for the best from ALL of our auctioneer friends. -Editor


THE BOOK BAZARRE

DAVID F. FANNING NUMISMATIC LITERATURE'S second mail-bid auction closes on Thursday, June 4. The catalogue is available on our Web site for those who did not receive a printed copy. Contact David Fanning at (614) 256-8915 or at dfanning@columbus.rr.com to place bids. For more information, go to www.fanningbooks.com .





Wayne Homren, Editor

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The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

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