We earlier reported on the bankruptcy of Northwest Territorial Mint, which had earlier purchased the assets of Medallic Art Company. As part of the proceedings the company has
been shopping its assets, including its die vault. The final chapter has yet to be written. A blog on the about.ag site has been following fact and rumor about the company for a couple years. The
latest entry was just yesterday, stating "I have heard that Medalcraft was outbid for the Medallic Art Company assets..." Some 400,000 dies are involved, although it's not clear to me
how many of those are Medallic Art dies. On March 2 of this year the blog published some photos of the die vault. -Editor
Ross Hansen on May 27, 2016 testified that 15,000 Medallic dies were shipped to Tomball, but the Trustee disputes that there were any Medallic dies in Tomball.
In 2009, a security agreement (p84) refers to "210 Shelves of Dies" and "2 Cabinets of Coining Dies". If the shelves held 100 dies each (this article says that a
"drawer" can contain 100 small dies), that would be roughly 20,000 dies.
At the May 27, 2016 hearing, Ross Hansen also testified that Medallic had 400,000 coining dies. Mr. Hansen had previously stated that there were about 400,000 dies in Dayton in the Creditors'
Meeting (341 Meeting) on May 11, 2016 (per the questioning, that should have referred to NWTM dies, but was likely referring to Medallic dies).
An image shows what appears to be 10,000s of larger dies stored on shelves (which is separate from the ones in drawers).
Ross Hansen also stated at the May 11, 2016 Creditors' Meeting that there were about $2M-$4M of dies in China, stating that there are "tens of thousands of dies" at the two companies
I have not seen any court documents where Mr. Calvert has clearly stated how many dies there are (or claimed that some were missing or lost). Some dies may have been included in the Graco/Tomball
sale. But what has happened to the 10,000s of dies in China, and the estimated 20,000-400,000 dies in possession of NWTM?
To read the complete blog, see:
All I can say is that hopefully the dies will find good homes and that the medal business can resume somehow after all this trauma. -Editor
To read the earlier E-Sylum article, see:
NORTHWEST TERRITORIAL MINT OWNER LOSES $38M VERDICT (http://www.coinbooks.org/v20/esylum_v20n09a22.html)
Wayne Homren, Editor
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