The following Q&A is excerpted from Clifford Mishler’s Coins: Questions & Answers: Q: Is collecting any type of coin a good investment? A: No! The hobby collector—be it of coins, back-scratchers, or Bavarian beer mugs—is occasionally persuaded to purchase by impulse or sentiment. Indulging frequent lapses into irrationality is part of the fun of maintaining a hobby. But the strictly … [Read More...]
Veteran rare coin dealer Paul Montgomery has launched a new website PaulMontgomeryOnline.com to coordinate with his creation of what he describes as “a new business model for professional numismatics.”
Paul Montgomery explained, “I call it ‘event-driven’ numismatic services. PMA will offer comprehensive, professional assistance never before offered on a national level and never before offered through an entirely transparent process for collectors, investors, dealers, attorneys and estate planners. In addition to traditional numismatic services, PMA provides third-party dispute resolution, acquisition and liquidation strategies for collectors and investors, and infrastructural consultation for private firms and hobby organizations. Our fee-based model is the first of its scope offered in the numismatic trade.”
“The extraordinary growth of the numismatic marketplace and profession over the past 25 years advanced so rapidly that it left a void of experienced leadership at the upper level of industry management. Both commercial businesses and nonprofit organizations can become so focused on the bottom line that oftentimes important pieces of day-to-day business can be missed. My purpose is to help identify and fill that void, and the new Web site explains these kinds of services.”
Elected President of the Professional Numismatists Guild (PNG) this past August, Montgomery also currently serves on the board and is a past Chairman of the Industry Council for Tangible Assets (ICTA). His company, Paul Montgomery and Associates of Katy, Texas, was engaged by the Securities and Exchange Commission earlier this year as the rare coin consultant and expert to the court-appointed receiver to manage the cessation of business for the Stanford Financial Receivership. Under Montgomery’s supervision, PMA will be responsible for the successful disposition of the multi-million dollar numismatic and precious metals holdings of Stanford Coins and Bullion as well as other Stanford entities.
Montgomery is co-author with Mark Borckardt and Ray Knight of an award-winning book, Million Dollar Nickels, about the famous 1913 Liberty Head nickels and his successful efforts in 2003 to bring the Walton specimen out of “hiding” to solve the mystery of where it had been for over 40 years.
For additional information, contact Paul Montgomery at (409) 658-0118 or visit the new Web site at www.PaulMontgomeryonline.com.