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American Numismatic Association Board of Governors Approves $5.6 Million Budget for FY 2017-18

At its Oct. 27-28 meetings in Colorado Springs, Colo., and a subsequent teleconference on Nov. 14, the American Numismatic Association (ANA) Board of Governors unanimously passed a $5.6 million budget for FY 2017-18. 

“This strategic deployment of funds is an investment in the Association as well as the future of numismatics and the hobby,” said ANA President Gary Adkins. “It expands our reach and capacity for engagement and sets the stage for growing our fund development and online outreach initiatives, and also addresses some capital improvement needs.”

“If we are to remain relevant, we must make the commitment to providing the necessary resources to propel the ANA forward while also committing to fiscal responsibility,” he added. “We will continue to seek and identify revenue sources to augment income whenever possible, but the future growth of the Association cannot risk dependence upon those opportunities alone.”

As of October 31, 2016, the ANA had total assets of $74.8 million and net assets of $72.5 million, according to Budget and Finance Board Liaison Greg Lyon. Net assets exclusive of the museum collection are $35.1 million. “Overall, the ANA’s net worth has remained stable since 2013 and we will be reporting an increase in assets for FY 2017,” said Lyon.

Lyon noted that the ANA is extremely fortunate to have received Kenneth Keith’s bequest in 1977 of Ben E. Keith corporate stock to support the Association’s mission and programs. “The value of the stock the ANA holds has grown from under $5 million in 2006 to over $18 million in 2017, with additional stock, currently held in trust for the ANA, to be received in the future,” said Lyon.

According to ANA Treasurer Larry Baber, the details of Kenneth Keith’s bequest to the Association is a fascinating and little-known slice of ANA history that continues to shape the trajectory of the Association.

History of the Ben E. Keith Company Stock Endowment

Kenneth Keith of Jolly and Wichita Falls, Texas, was the nephew of Ben E. Keith and an heir to the food and beverage company bearing his uncle’s name. He also was an avid numismatist. In July 1975, five men broke into Kenneth Keith’s home, which he shared with his brother Jim, in search of a valuable rare coin collection that had, unbeknownst to them, been donated to the American Numismatic Association’s Money Museum in 1971. Jim was killed during the armed robbery, while Kenneth was beaten and bound. The ANA posted a reward for the capture and conviction of the men, who were later apprehended and convicted of murder. In 1976 Kenneth Keith set up his will naming the ANA one of the remainder beneficiaries to his shares of stock in the Ben E. Keith Company, a closely held company that is one of the largest Anheuser Busch distributors in the world. Kenneth Keith died the following year.

Ben E. Keith Company stock is held in trust for the income benefit of 13 individuals and as each one dies, half of his or her non-voting stock is distributed from the trust to the ANA. (The other half is distributed to Texas Tech University.) “When Kenneth Keith died in 1977, the stock received by the ANA was valued at several hundred thousand dollars,” said ANA Treasurer Larry Baber. “Today, the 1,334 shares currently held by the ANA are valued at $18.6 million. When the last four living relatives pass, the ANA will receive an additional 2,442 shares of stock.”

The Ben E. Keith Company is listed as one of the Top 70 largest privately held businesses in the United States.

“We are fortunate that the Ben E. Keith Company family of employees has been a good steward of the company over these many years,” said Baber. “The company’s sound business practices have benefitted the ANA greatly.”

ANA Convention Site Options Discussed

Peter Wann of ConferenceDirect made a presentation to the Board on the challenges facing the ANA in negotiating venue sites and hotel properties for future shows. According to Wann, several criteria are at play when considering ANA convention sites:

  • The ANA requires a minimum of 200,000 square feet of exhibit space and 45,000 to 50,000 square feet of various size meeting rooms, which eliminates many smaller cities from consideration.

  • States that impose a state sales tax on numismatic items are not considered, leaving 31 states that can be considered. Thirteen of these states do not have venues large enough. The remaining 18 states having viable sized convention centers.

  • Another key issue is the “rooms-to-space ratio.” Organizations such as the ANA that fill 600-700 hotel rooms for an event typically need 30,000 to 50,000 feet of space. The ANA requires 250,000 square feet. Wann indicated that many cities are not willing to commit their convention facilities for a week to 10 days without a commitment from the ANA to fill more room nights and purchase additional food and beverage.

The Board did not vote on future National Money Show® or World’s Fair of Money® sites.

A copy of the approved budget is available online at money.org/financial-reports. Minutes from the meetings will be published in the January 2018 issue of The Numismatist.

The American Numismatic Association is a congressionally chartered nonprofit educational organization dedicated to encouraging people to study and collect coins and related items. The ANA helps its 25,000 members and the public discover and explore the world of money through its vast array of educational and outreach programs, as well as its museum, library, publications, conventions and seminars. For more information, call 719-632-2646 or visit www.money.org.

Mark Your Calendar for the 2018 Irving National Money Show

It’s not too early to make plans for Texas and the American Numismatic Association’s (ANA) 2018 National Money Show in Irving. The convention takes place Mar. 8-10 in Exhibit Hall A of the Irving Convention Center located at 500 West Las Colinas Boulevard, a stone’s throw from Dallas.

The three-day show offers access to hundreds of dealers; a live auction by Kagin’s; a wide range of technical seminars and educational presentations; spectacular exhibits; and the best numismatic inventory available. Many coin dealers in attendance will provide free, informal evaluations of the public’s old coins and paper money.

Among the special displays of extraordinary items from the ANA’s Money Museum is the famous 1913 Liberty Head nickel. One of only five known to exist, the specimen is valued in excess of $3 million. Also on display is the “The King of U.S. Coins,” an extremely rare 1804 Draped Bust U.S. silver dollar insured for $4 million.

Irving’s close proximity to Dallas and Fort Worth makes it a collector’s gateway to everything “The Lone Star State” has to offer. Plus, the recently opened Toyota Music Factory adjacent to the Irving Convention Center offers show attendees dozens of unique restaurant, shopping and entertainment options.

Show hours are 10 a.m. to 6 p.m. on Thursday and Friday, Mar. 8 and 9; and 10 a.m. to 4 p.m.on Saturday, Mar. 10. ANA members can enter the show 30 minutes before the public. Admission is $8 for adults; ANA members and children 12 and under are always free. Last admission is 30 minutes prior to closing. Admission is free on Saturday, Mar. 10

For up-to-the-minute show information and a $2 admission discount coupon, visit www.nationalmoneyshow.com. ANA members can bypass the admission lines by pre-registering for the show in late-November.

The American Numismatic Association is a congressionally chartered, nonprofit educational organization dedicated to encouraging the study and collection of coins and related items. The ANA helps its 25,000 members and the public discover and explore the world of money through its array of instructional and outreach programs, as well as its museum, library, publications and conventions. For more information, call 719-632-2646 or visit www.money.org.

Denver World’s Fair of Money Embraced by Collectors

The American Numismatic Association’s (ANA) 2017 World’s Fair of Money – the most important numismatic event of the year – welcomed 8,638 people at the Colorado Convention Center in Denver, Aug. 1-5.

The family-friendly event featured displays by government and private mints from around the world; expansive educational programs led by notable speakers sharing their numismatic expertise; exhibits of rare treasures from private collectors and from the American Numismatic Association’s Money Museum — including Colorado Gold Rush era rarities; hundreds of dealers buying and selling coins, currency and related items in all price ranges; and major auctions by Heritage Auctions and Stack’s Bowers Galleries.

The recent discovery by David McCarthy of the first silver piece minted by the United States government in 1783 – which was on display at the show – garnered huge publicity. (Collectors can access David McCarthy’s article in the August issue of The Numismatist at www.money.org/nova-constellatio.)  

According to newly-elected ANA President Gary Adkins, “The Denver World’s Fair of Money finished strong. Most dealers shared with me that they enjoyed the show and had good business overall. And collectors were pleased with the many outstanding exhibits and educational opportunities.”

“This was undoubtedly one of the best shows we’ve ever attended,” says Ken Hallenbeck of Hallenbeck Coin Gallery. “Our retail sales to collectors were tremendous, partly because we offered a wide variety of material.”

Attendance was strongest on Saturday, Aug. 5, when 1,958 members of the public turned out for free “family-day” admission. Hundreds of young people converged into the Kids Zone, where they could see their faces on a $100,000 bill, design their own coin or note, make an elongated coin, spin a wheel for a chance to win numismatic prizes or grab some high-flying bucks inside the “Cash Cube.” ANA Education Director Rod Gillis reported that 346 kids participated in the Treasure Trivia game as they explored the bourse floor in search of answers to trivia questions. Coin Collecting 101, a free class for those interested in numismatics, was standing room only.

Complete attendance numbers for the 2017 World’s Fair of Money

Total attendance: 8,638

  • General public: 4,196

  • ANA members: 2,909

  • Table-holders/dealers: 1,420

  • Staff, volunteers and pages: 113

Total daily attendance

  • Tuesday: 2,840 (returning visitors such as table holders, staff and volunteers are counted in first-day attendance only)

  • Wednesday: 1,194

  • Thursday: 1,196

  • Friday: 1,090

  • Saturday: 2,318

Immediately following the World’s Fair of Money on Sunday, Aug. 6, the Association hosted a “Golden Day at the ANA” to celebrate the 50th anniversary of its Colorado Springs-based headquarters. Nearly 250 members converged at the ANA open house to enjoy food, fellowship, collectible souvenirs, caricatures, tours and mini-mint demonstrations.

The 2018 World’s Fair of Money will be held in Philadelphia, Aug. 14-18, at the Pennsylvania Convention Center.

New ANA Board of Governors installed

The World’s Fair of Money also saw the installation of the newly elected ANA Board of Governors on Aug 4. Voting members of the Association chose a new president, Gary Adkins, and vice president, Don Kagin, as well as three new board members: Thomas Uram, John Highfill and Brian Hendelson, who join Col. Steve Ellsworth, Dr. Ralph Ross, Greg Lyon and Paul Montgomery for a two-year term. Outgoing president Jeff Garrett will serve as a non-voting, ex-officio member of the board. Governor Walt Ostromecki reached his term limit, and Tom Mulvaney did not seek re-election.

The American Numismatic Association is a congressionally chartered nonprofit educational organization dedicated to encouraging people to study and collect money and related items. The ANA helps its 25,000 members and the public discover and explore the world of money through its vast array of educational and outreach programs, as well as its museum, library, publications, conventions and seminars. For more information call 719-632-2646 or visit www.money.org.

What is the Coolest Thing at Your Booth – Upper Deck

Gabe Garcia, Brand Manager of Upper Deck highlights a new specialized product line. The exclusive distributor of Grandeur Hockey is CIBC. For more information on Grandeur Hockey, go to Hockeycoins.com

Pawn Stars’ Rick Harrison Helps “Shave Miles” Event Raise $10,000 For ANA and Sick Children

(Denver, Colorado) August 3, 2017 – With the help of nationally known television celebrity Rick Harrison and two Denver Broncos cheerleaders, prominent numismatists Michael “Miles” Standish, Jim Halperin and Orlando Rodrigo Lorenzana Williams got their heads shaved at the American Numismatic Association 2017 World’s Fair of Money® in Denver to raise money for two nonprofit organizations. The event on August 3 generated $10,000 in donations that will be evenly divided between the American Numismatic Association (www.money.org) and the Standish Foundation for Child & Family Centered Healthcare (www.sf4c.org).

History’s Pawn Stars celebrity Rick Harrison makes the first pass of the electric cutter as NGC Vice President Miles Standish gets his head shaved at the World’s Fair of Money in Denver, Colorado, August 3, 2017, to raise money for the Austin-based Standish Foundation for Child & Family Centered Healthcare and the American Numismatic Association.

Photo credit: Donn Pearlman.

Immediately after his head was shaved, Standish held up a t-shirt printed with the words: “BALD GUYS Never have a bad hair day.”

Standish is an award-winning numismatic author and Senior Grader and Vice-President of Numismatic Guaranty Corporation. Halperin is Co-Chairman of Heritage Auctions and also an author of numismatic books and futurist novels. Williams is Director of Sales at Coin Invest Trust in Liechtenstein.

Harrison, of the popular History’s Pawn Stars television program and the Las Vegas Gold & Silver Pawn Shop (www.gspawn.com), made the first pass of the electric cutter on Standish’s head and was among those who presented a donation check.  

Additional cutting was performed on Standish by coin hobby personalities including Lee Minshull, ANA President Jeff Garrett and former ANA President Ken Bressett.  

Accompanied by Denver Broncos cheerleaders Krista (left) and Brielle (right) the now-hairless Miles Standish holds a t-shirt proclaiming: BALD GUYS Never have a bad hair day.

Photo credit: Donn Pearlman

Broncos cheerleaders Brielle and Krista led cheers, signed autographs and posed for photos during the “Shave Miles” event.

A silent auction of a half dozen plaster sculptures by John Mercanti, who served as the 12th Chief Engraver of the United States Mint, also helped raise funds for the Standish Foundation and the ANA.

Miles’ wife, Andrea Mangione Standish, a certified child life specialist, launched the Austin, Texas-based foundation in 2010.  The foundation assists healthcare providers around the world to provide the tools and training they need to minimize healthcare-related pain and suffering in children.

“The mission of the foundation is to have happy, healthy, resilient kids who haven’t been traumatized by healthcare experiences.  This event was to help children get better care and to help an important hobby organization dear to me and to so many others, the American Numismatic Association,” he explained.

The 25,000-member American Numismatic Association, based in Colorado Springs, Colorado, is dedicated to educating and encouraging people to study and collect coins and related items.  The ANA serves the academic community, collectors, and the general public.

Professional stylist “Dava” skillfully removed Heritage Auctions Co-Chairman Jim Halperin’s hair at the 2017 Denver World’s Fair of Money to help raise $10,000 for the ANA and the Standish Foundation for Child & Family Centered Healthcare.

Photo credit: Donn Pearlman​

A native of Michigan, Standish began collecting in 1973 at the age of nine.  In 2011, he was honored with the “Director’s Coin for Excellence” by then-Director of the United States Mint Edmund Moy.

He is co-author with former Chief Engraving of the United States Mint, John Mercanti, of the 2012 reference book, “American Silver Eagles: A Guide to the U.S. Bullion Coin Program.”  Standish’s 2014 book, “Morgan Dollar: America’s Love Affair with a Legendary Coin,” received the 2015 Numismatic Literary Guild award for Best Specialized Book. 

Information about the Standish Foundation for Child & Family Centered Healthcare is at www.sf4c.org and information about the American Numismatic Association is at www.money.org.

2017 Denver World’s Fair of Money Opening Ceremonies

2017 Denver World’s Fair of Money Opening Ceremonies

Source: American Numismatic Association

ModernCoinMart and GovMint.com Offer 10 Golden Ticket Vouchers for Children at the World’s Fair of Money

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Denver, CO, August 2, 2017 (Newswire.com) – Children 15 years of age and younger can spot any of our employees on the bourse floor to redeem a golden ticket that will allow them to claim a prize at booth #1000.

From August 1-5, the American Numismatic Association (ANA) is hosting the World’s Fair of Money. The event is being held at Hall F of the Colorado Convention Center at 700 14th St.

ModernCoinMart and GovMint.com are attending the event and are offering an exciting activity for children attendees. For those 15-years-old and under, golden tickets are being offered to those that are able spot our employees around the convention center. Keep an eye out for anyone wearing a black shirt with MCM and GovMint logos on the front. When you spot us out on the bourse floor, just ask for your golden ticket! Golden tickets can be brought to booth #1000 for a special prize.

Be sure to always be on the lookout for us – only 10 of these golden tickets are available! And remember, you have to see us out on the bourse floor to redeem your ticket.

“It’s a really thrilling event,” says Kelsey Howard, Marketing Manager.  “We want to ensure that everyone in attendance is able to enjoy themselves, no matter their age. But most importantly, we want to help young collectors create a lasting interest in the hobby of coin collecting.”

This activity will run through the course of the show or until all 10 tickets are claimed.

About ModernCoinMart

ModernCoinMart, established in 2004, has pioneered the modern coin market online. The company has a professional customer service team, offers free domestic shipping on all orders with no minimum, and strives to bring their customers the lowest possible prices. To learn more, visit ModernCoinMart.com.

About GovMint.com

For more than 30 years, Bill Gale has been a nationally recognized numismatist, and is the founder and president of GovMint.com. With headquarters located in Minneapolis, MN, GovMint.com is one of the largest retailers of rare and collectible coins in the country. To learn more, visit GovMint.com.

The First American Coin

David McCarthy of Kagin’s, Inc. showcases the first American coin struck by the U.S. Government. The 1783 plain obverse Nova Constellatio “quint” silver coin.

Source: American Numismatic Association

ModernCoinMart and GovMint.com Will Host “Pawn Star’s” Rick Harrison at This Year’s American Numismatic Association (ANA) World’s Fair of Money

Rick Harrison of “Pawn Stars” will be signing autographs and taking photos with fans at booth #1000 on August 3, 2017 at 10am MT.

SARASOTA, Fla., July 31, 2017 (Newswire.com) – Rick Harrison, the star of the HISTORY’s hit show “Pawn Stars,” will be meeting fans at this year’s American Numismatic Association (ANA) World’s Fair of Money on August 3. The event will be held at Hall F of the Colorado Convention Center 700 14th St., Denver, Colorado. Harrison, a special guest of ModernCoinMart and GovMint.com, will be signing autographs and taking photos with fans at booth #1000 from 10:00 to 11:00am MT

Rick Harrison of “Pawn Stars”

Harrison is the genius of “Pawn Stars” and worked hard to get the concept of the show to television. The series, which launched in 2009, gives a behind-the-scenes view into the Harrison family-run Gold & Silver Pawn Shop in Las Vegas, Nevada. There, three generations of the Harrison family use their sharp-eyed skills to assess what’s real and what’s fake.

“We are excited to have Rick Harrison of ‘Pawn Stars’ as a special guest,” says Andrew Salzberg, General Manager of ModernCoinMart. “It’s a privilege for us to work with the Gold & Silver Pawn Shop. Both of our organizations are passionate about coins that have a rich history and that tell a story. It is this shared passion that has forged this new, but great, partnership.”

In the event someone can’t make it out, ModernCoinMart and GovMint.com will be live streaming in addition to posting other content in real-time on Facebook so make sure to give those pages a like and follow.

“Pawn Stars” is airing its 14th season in the United States and is currently watched in more than 150 countries and in over 30 different languages. The show is one of TV’s biggest cable hits and draws millions of viewers. Since the show’s premiere, the World Famous Gold & Silver Pawn Shop has gone from seeing just 70 customers a day, to up to 4,000 daily visitors.

The American Numismatic Association, a nonprofit organization, is dedicated to educating and encouraging people to study and collect coins, paper money and related items. Their World’s Fair of Money is one of the biggest coin shows in the United States.

If you’re interested in receiving alerts, you’re encourage to sign up for email notifications.

To purchase tickets to the American Numismatic Association (ANA) World’s Fair of Money, visit Money.org/worldsfairofmoney.

About ModernCoinMart

ModernCoinMart, established in 2004, has pioneered the modern coin market online. The company has a professional customer service team, offers free domestic shipping on all orders with no minimum, and strives to bring their customers the lowest possible prices. To learn more, visit ModernCoinMart.com.

About GovMint.com

For more than 30 years, Bill Gale has been a nationally recognized numismatist, and is the founder and president of GovMint.com. With headquarters located in Minneapolis, MN, GovMint.com is one of the largest retailers of rare and collectible coins in the country. To learn more, visit GovMint.com.

It Takes a Village to Support the World’s Fair of Money

Numerous organizations and individuals play a part in ensuring the American Numismatic Association’s (ANA) World’s Fair of Money retains a strong educational focus. Thanks to the support of 28 dedicated sponsors and over 70 individual patrons, this year’s show is guaranteed to be the biggest, most educational numismatic event of the summer.

The convention takes place in Denver, Aug. 1-5, in Hall F of the Colorado Convention Center, located at 700 14th St.

Corporate sponsors pledging support include:

Heritage Auctions—Table 900

Stack’s Bowers Galleries—Table 800

Numismatic Conservation Services (NCS)—Table 100

Numismatic Guaranty Corporation (NGC)—Table 100

Paper Money Guaranty (PMG)—Table 110

Title sponsors include:

Amos Media/Coin World—Table 248

Dillon Gage Metals Division—Table 634

Hallenbeck Coin Gallery—Table 534

Legend Numismatics—Table 704

Minshull Trading—Table 814

Modern Coin Mart—Table 1000

Panda America—Table 136

Royal Canadian Mint—Table 234

Anthony & Mary Ann Terranova—Table 624

Universal Coin & Bullion—Mike Fuljenz

Whitman Publishing—Table 200

Additional sponsors include:

Alhambra Coin Center—Table 325

ANACS—Table 128

Angel Dee’s Coins & Collectibles—Table 1014

Carter Numismatics—Table 914

CDN Publishing—Table 407

Colony Coin Company—Table 916

Coleman Foster Rare Coin—Table 773

Frese Brothers Coins & Collectibles—Table 740

Kevin Lipton Rare Coins—Table 915

Medallic Art Company—Table 826

Safes & Security Systems

U.S. Coins—Table 724

“Through the generous support from our World’s Fair of Money sponsors, the ANA is able to continue offering a show that is rich in education as well as numismatic history and comradery,” says Jennifer Croak, the ANA’s conventions and sponsorship coordinator.

For additional information on future convention sponsorship opportunities with the ANA, contact Jennifer at jcroak@money.org or call 719-482-9849.

World’s Fair of Money

The coin and money show features the nation’s finest coin dealers and best inventory; high-quality educational programs and seminars; world-class auctions by Heritage Auctions and Stack’s Bowers Galleries; mints from around the world; as well as exhibits showcasing priceless treasures from the Money Museum and private collections.

Show hours are 1 to 6 p.m. Aug. 110 a.m. to 6 p.m. Aug. 2-4; and 10 a.m. to 4 p.m. Aug. 5. ANA members can enter the show 30 minutes before the public. Admission is $8 for adults; ANA members and children 12 and under are always free. Last admission is 30 minutes prior to closing.

The American Numismatic Association is a congressionally chartered, nonprofit educational organization dedicated to encouraging the study and collection of coins and related items. The ANA helps its 25,000 members and the public discover and explore the world of money through its vast array of instructional and outreach programs, as well as its museum, library, publications and conventions. For more information, call 719-632-2646 or visit www.money.org.