2013 Annual Wall Street Coin Currency and Collectibles Show By Virginia Besas The third annual Wall Street Coin, Currency and Collectibles Show (formerly known as the Wall Street Bourse), was held October 17th through the 19th, 2013 at the Museum of American Finance. Dealers and patrons alike showed up in growing numbers for this invitational event, and as in years past, the show provided the unique atmosphere, friendly creature comforts and several affiliated numismatic events for collectors of every interest that have become its hallmarks. Themed this year “Romance of Wall Street,” the show hosted a broad array of dealers in coins, banknotes, scripophily and autographs, and included an auction held by Archives International, a breakfast lecture for American Numismatic Society members, an IBSS meeting and lecture, and a dinner for all participating dealers at the nearby and historic Down Town Association. Since inception, the show and the museum in which it is held have made an effort to include outreach to young people and the education of the public in its efforts. The Museum makes admission free to the public during the event, and this year, students from Stuyvesant High School were invited to cut the opening ribbon and tour the bourse. Students from Pace University and the Museum’s own Financial School also attended. The Museum’s Senior Educator, Chris Meyers, guided student groups around the bourse floor, where helpful and engaging dealers took time to provide information and history around the merchandise and memorabilia at their tables. Dealer reaction to this year’s bourse continued to be highly positive, and it was noted that visitor attendance was more than double the 2012 event’s. Stock, bond, scripophily and banknote dealer Larry Falater said, “I was very happy with the show and was able to buy for my personal collection and my customers.” Coin, medals and currency dealer Scott Mitchell said he did very well and was “totally happy.” North Dakota currency dealer Scott Lindquist opined, “It was vastly better than the last two shows, with far more traffic from serious buyers.” Arthur Morowitz, well known New York stamp and world currency dealer, reported being very pleased with the 2013 show. Robin Majlak, new as a dealer at this year’s show, stated “I can only compare this show to the previous 2011/2012 shows but in my opinion, it was very well run and it seems the other dealers shared my sentiments.” Steve Pomex raved, “I met a lot of new people and the Show was wonderful, very well organized with personal touches everywhere.” Ancient coins dealer Constantin Marinescu of Vilmar Collectibles in Big Indian felt it his best show in this country in three years. Eric Jackson found the show “fun, with terrific dealers, and nice organizational details, such as valet parking for the dealers.” Lenny Helicher “loves the show, is happy with business and found the best company he’s ever been with.” For a comparatively small “boutique show,” the event boasted several accomplished events. Friday morning’s session began with an “early bird” breakfast hosted by the New York Numismatic Club and the Wall Street Bourse for members of the American Numismatic Society, the Augustus B. Sage Society, and NYNC members. Featuring a lecture by NYNC President Dr. Constantin Marinescu, who expounded on the visual evolution of the Roman Goddess of Victory, as employed in Roman art and numismatics, and eventually morphing into that most Christian of figures, an angel, the event also afforded attendees the opportunity to browse the Bourse floor before the general public entered. Friday evening’s dinner at the Down Town Association, attended by the dealers and local sponsors of the show, was also a lively event. After introductory words by John Herzog, the show’s organizer and founder of the Museum of American Finance, and Richard Sylla, Chairman of the Museum’s Board, the show’s annual “Friend in the Hobby Award” was presented to Max D. Hensley, well known and highly respected in the bond and share field, in recognition of his longtime work in officer positions, currently as President and Treasurer of the U.S. chapter, of the International Bond and Share Society [“IBSS”] and as Editor of Scripophily, the IBSS’s journal More treats were in store on Saturday, the show’s final day, beginning with the IBSS’s breakfast. This was open to the public and included John Herzog’s talk on the origins and dispersal of the massive and incomparable Penn Central bond and share hoard. It was followed by the Archives International Auction, which again featured Anniversary Celebration of Important Global Companies and featured a rare and historic 1792 US Treasury Bond with the signature of George Washington as President. The highlight of the sale, the instrument saw spirited phone and floor bidding, and sold for several times estimate at $265,500. The auction grossed over $640,000, and in an additional extension of the event’s community outreach, a portion of the sales proceeds were distributed to local educational institutions which teach finance, financial history and related skills. Dr. Robert Schwartz, head of Archives International Auctions, LLC, expressed satisfaction with this year’s sale, both from the standpoint of the 2013 results and also as a positive venue for hobbyists to enjoy the field. Comments about the market were in general also positive. Steve Goldsmith of Spink Smythe, observed that the market is healthy, although “it’s easier to sell things than to buy them.” Pablo Hoffman of Nuevo Mundo opined that “There is a tsunami in world paper money, like no other area of collecting.” Constantin Marinescu says about the market, “For the ancient market, it’s strong in high quality material.” Long-time Philadelphia dealer Catherine Bullowa said she enjoys the informality of the show and “the nice refreshments.” Dr. Arnold Saslow said the show was good, the market is excellent, the traffic better than last year, and added, “The show is excellent the way it is. I wouldn’t change a thing.” The 2014 Wall Street Coin, Currency and Collectibles Show, Anniversary Celebration and Archives International Auction will take place at the Museum of American Finance in New York October 23-25, 2014. One can take in the bourse, auction and museum exhibits at the same time at this admission free show. For more information visit the show’s website, http://wallstreetbourse.com, e-mail them at email@example.com, or phone (203)292-6819.
For more information regarding Archives International Auctions, LLC, call 201-944-4800, or write to Archives International Auctions, LLC, 1580 Lemoine Avenue, Suite #7, Fort Lee, NJ 07024 or visit https://archivesinternational.com.