Prominent U.S. Numismatist Kerry Pieropan Will Lead the New Venture With Support from Acclaimed World Numismatic Expert Ron Gillio
IRVINE, Calif. (October 31, 2011) – Spectrum Group International, Inc. (“SGI”) (SPGZ.pk) , a Fortune 500 company, is the largest global trading and collectibles network in the world and is adding yet another international location with the launch of Spectrum Group France SAS in Paris. Just weeks ago, Spectrum Group announced the opening of subsidiary A-Mark Precious Metals’ new office in Vienna, Austria.
The addition of the Paris office is part of a major expansion by SGI in Europe, which has included opening offices in Austria and the Netherlands to augment existing offices in Germany and Switzerland. As part of that expansion plan, the office in Paris, France, will initially be focused on numismatic buying and selling by appointment, with the plan to develop it into a full service collectibles operation within the next year to include the presence of additional SGI companies. The office will be operational by November 15, 2011.
The Paris office will also serve as a satellite office to support SGI’s United States coin operations in coordination with auction house Stack’s Bowers Galleries and its world division, Stack’s Bowers and Ponterio, and will eventually service other collectibles such as fine wine for Spectrum Wine Auctions, headquartered in California, and stamps for Heinrich Kohler Auctions of Germany, Corinphila Auktionen of Switzerland, and Corinphila Veilingen of the Netherlands.
Paris operations will be headed by Kerry Pieropan, a veteran numismatist with more than 20 years experience, most of which has been at Spectrum Group subsidiary, Spectrum Numismatics International. As the senior executive in charge of the Paris office, Pieropan will be tasked with leading the numismatic buying and selling efforts as well as overseeing development and business operations.
Ron Gillio, numismatic acquisition coordinator for Stack’s Bowers Galleries, will be providing additional support to SGI’s Paris operations. Gillio is an internationally renowned rare coin dealer, auctioneer, author and researcher who has been active and influential in worldwide numismatics for more than 45 years. He travels frequently to Europe and Asia to procure coins and attend numismatic shows and auctions. Gillio is a member of the International Association of Professional Numismatists, as well as the Association of Swiss Professional Numismatists, one of only 12 members outside of Switzerland.
“Kerry Pieropan brings unique skills to our Paris office and is the ideal person to run our operations there,” said Greg Roberts, president and CEO of Spectrum Group International. “He has a thorough understanding of our business, as well as exceptional experience with the European numismatic market. Ron Gillio has traveled extensively throughout Europe for decades, attending coin shows and auctions and making contact with dealers and collectors, which has provided him with a strong base on which to help build our new SGI presence in France and Europe. They will make a tremendous European team for Spectrum Group France.”
“This is a tremendous honor to bring Spectrum Group International to France and continue our global expansion,” added Pieropan. “I am greatly looking forward to this opportunity to expand our numismatic reach now, and to the opportunities for continuous growth in other collectibles markets in the near future.”
Spectrum Group France SAS is located at (75008), 36-38 rue des Mathurins, Paris, France. For additional information on Spectrum Group International and its family of companies and their contact information, visit www.spectrumgi.com or email [email protected].
About Spectrum Group International, Inc.
Spectrum Group International, Inc. (together with its subsidiaries, “we,” the “Company” or “SGI”) is a global trading and collectibles network. We are a trader of precious metals and an auctioneer of coins, stamps and wine, serving both collectors and dealers. We are also a merchant/dealer of certain collectibles. Our collectibles offerings span the price spectrum from modest to ultra-high end. Furthermore, we offer loans to coin dealers, collectors and investors backed by their precious metals, rare coins, and other collectibles as collateral.
Our Trading business is conducted through A-Mark Precious Metals, Inc. (“A-Mark”) and its subsidiaries. A- Mark is a full-service precious metal trading company, and an official distributor for many government mints throughout the world. A-Mark products include gold, silver, platinum and palladium for storage and delivery in the form of coins, bars, wafers and grain, and our services include financing, leasing, consignment, hedging and
various customized financial programs. A-Mark’s subsidiary, Collateral Finance Corporation, provides financing on a wide array of bullion and numismatic products. Our Collectibles business operates as an integrated network of leading companies concentrating on numismatic (coins) and philatelic (stamps) materials and rare and fine vintage wine. We have offices and auction houses in North America, Europe and Asia. In addition to traditional live auctions, we also conduct Internet and telephone auctions.
Our Collectibles companies in the philatelic field are auction houses Harmer Global Philatelic Network GmbH, Corinphila Auktionen of Zurich, Switzerland, Heinrich Köhler Auktionshaus of Wiesbaden, Germany, Corinphila Veilingen B.V., Amstelveen, Netherlands, and John Bull Stamp Auctions, Ltd of Hong Kong. Spectrum Group’s Collectibles companies in the numismatics field include Stack’s Bowers Galleries (rare coin and currency auction house), Stack’s Bowers and Ponterio (world and ancient coins and currency auction house), Teletrade (online coin auctions), and Spectrum Numismatics International (wholesale rare coin dealer), all based in Irvine, California. Spectrum Wine Auctions is engaged in the sale by auction of rare and fine vintage wine.