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- From jlorenzo@ob.ilww.com Tue Feb 11 10:14:49 2003
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Date: Tue, 11 Feb 2003 18:14:47 -0000
To: colonial-coins@yahoogroups.com
Subject: Re: [Colonial Numismatics] QDB and Collector's Universe
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From: "njcopperjohn <jlorenzo@ob.ilww.com>" <jlorenzo@ob.ilww.com>
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--- In colonial-coins@yahoogroups.com, Dan Freidus <freidus@w...>
wrote:
> I agree with Roger and others. It's unclear to me what the B&M
niche
> will be without QDB. Dave's writing always provided a lot of great
> PR and that helped get consignments. They had a great track record
> when it came to getting the megacollections which were big
> moneymakers and also attract additional consignments (collectors
who
> wanted their Morgan dollars to be sold by the folks who sold the
> Garrett, Norweb, and Eliasberg collections). With nodisrepect
meant
> to John K., Frank V. or anyone else still at B&M, what do they have
> that buyers and sellers can't find at Stack's, Heritage, Superior,
> etc.?
>
> Maybe we'll find out...
>
> Dan
>
Corresponding with him briefly on the Mott after the ANA the news
seem to have be lowered at them with a hammer-like fashion. Everyone
was shocked. There was no build-up or disputes - it seems. There
heading toward the bullion (Morgan Dollar & Gold) for sure and maybe
one page cataloging for a coin is becoming obsolete. The gap between
Heritage & B&M has been getting wider each year. Alot of buying today
is slab, number, X amount of dollars. Very little historical
cataloging is necessary on numismatic items outside of exonumia, EAC
and C4 type material. SLAB,grade number, $$$$$. Done deal. Thanks for
your business.
> Roger S. wrote:
> >...
> >BTW, I too regret Dave Bowers leaving B&M for all the obvious
> >reasons. However, it doesn't all add up to me. You have to beleive
> >that the folks at Coin Universe, a public company, have some
thought
> >process going through their heads. After all, they paid a big
premium
> >for B&M just a couple of years ago, and in so doing secured the
> >services and involvement of QDB. They had to have some idea of the
> >reprecussions of forcing him out now. So what was their reason(s)
for
> >making such a contraversial move? If it was financial, things must
> >have been pretty bad to risk the auction business in this way.
> >Alternatively, did they perceive there was bigger money in moving
> >bullion than auctions? Was there a philosophical rift between QDB
and
> >CU about collector care. I just assume most business moves are
> >predicated on some basis of logic...and I don't yet see it here.
> >
> >My two cents,
> >
> >Roger
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