Video News: New internet auction trading platform

Ian Russell, President of discusses the launch of his new internet auction trading platform, the services offered and how he plans compete in the numismatic marketplace. [Runtime 2:00]

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Well-known numismatist and online auction expert Ian Russell has announced plans to create a new online marketplace catering to coin collectors, dealers and traders. The marketplace, named, is set to go live in late 2010.

Russell said, “Coin collecting is one of the most popular hobbies in the United States, and also one of the most conducive to online trading. I think there is the void in the market that GreatCollections can fill. It’s about technology, products and service.”

Until recently, Russell was COO of Collectibles at Spectrum Group International, the parent company of Teletrade and Bowers and Merena, among other auction houses, and continues to consult with them. Russell left the company with the full support and backing of Spectrum, whose CEO Greg Roberts, commented, “We are delighted that Ian is starting his own venture. With Ian’s talent and industry knowledge, should be hugely successful. We are glad that we were able to work out a mutually beneficial arrangement to work together during the near-term and possibly beyond.”

“If you collect coins, own coins or trade coins, I recommend you register and become a Foundation Member of GreatCollections,” said Russell. “It’s free and will ensure you are notified about the company’s progress over the next few months.”

In addition to creating its own marketplace, GreatCollections will immediately begin offering confidential bidding services at all major live auctions within the United States.

For more information about GreatCollections, its marketplace and confidential bidding services, please contact Ian Russell at 949-510-5310 or e-mail [email protected]

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