Rare Coin Company of America, an industry-leading rare coin trading firm, announced today it has agreed to acquire Chicago, Illinois-based Standard Numismatics LLC, a leader in wholesale trading of rare coins. The newly combined enterprise employs 10 staff numismatists and has annual revenues in excess of $100 million. RARCOA will also name Standard Numismatics founder and owner, Brett Charville, as its new President.
RARCOA’s current President, Wayde Milas, will assume the role of CEO of the newly combined enterprise. Ryan Cook and Evan Clarke, both staff numismatists at Standard Numismatics will also be joining RAROCA with the same title. Additionally, current RARCOA Vice President Jeffrey Bernberg has been named COO and RARCOA trader Cole Twitchell has been named Managing Director of US Gold Trading.
“The strategic union of RARCOA and Standard Numismatics marks an exciting time in our company history. While RARCOA has been in existence over half a century longer than Standard Numismatics, both firms have an unparalleled track record of integrity, acumen, and innovation in the numismatic industry,” said Wayde Milas, the CEO and owner of RARCOA. “As a unified company this infusion of youth in both staff numismatic and key management positions will strengthen RARCOA’s position as the premiere rare coin trading firm in the United States.” The merger will occur after the 2018 ANA World’s Fair Of Money in Philadelphia and is expected to be completed by the end of 2018.
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Source: CDN Publishing