Virginia Beach, VA. CDN Publishing, LLC is proud to announce that we have been chosen by the Downing family to carry on the fine tradition of numismatic pricing. CDN has been publishing printed versions of its various numismatic newsletters continuously since 1963, and the passing of Shane Downing left a void in the management, and the owners decided to seek a new publisher.
John Feigenbaum, formerly president of David Lawrence Rare Coins, is the managing partner of the new ownership group, which includes Jim Halperin, Steve Ivy, Mark Salzberg and Steve Eichenbaum. According to Feigenbaum, “while my partners and I have various numismatic interests, I have opted to retire from my full-time career as a rare coin dealer to focus on the information side of the hobby, and I will dedicate myself to the publication and growth of CDN, and its family of publications.” My partners and I have entered into this new arrangement with the full understanding that CDN will run without any pricing or reporting influence from the partners, or related entities; and that they are passive investors in this endeavor.
CDN will continue to operate with the same independent authority as always, with a renewed focus on contemporary market-pricing concerns, including a greater focus on areas such as auction price results, the impact of CAC, and “plus” grading. Feigenbaum continues to add that, “the world of coin pricing is incredibly complex and CDN has a very important role to fill in protecting buyers and sellers by getting the pricing right.”
Feigenbaum has over 30 years of professional coin experience which he will use to lead his team of analysts, led by Editor Patrick Ian Perez, as they bring CDN into “the next 53 years.” As far as current and future plans, Feigenbaum stated that, “our first plan to to complete the physical move of the CDN to East Coast and solidify our operations here. We are note planning any major changes, except to work hard on updating pricing on specialty series, which have been long neglected. In our second phase, we will speak to our readers to determine the top areas of focus for improvements and change. CDN feels like a start-up company all of a sudden, and it’s a very exciting time for me and my staff.”