A CoinWeek Breaking News Report…

Surprise Sale Shakes Up Modern Coin Marketplace…

On May 3, 2015, CoinWeek received word that the Lakewood Ranch, Florida-based company ModernCoinMart was to be sold to Asset Marketing Services, LLC. If true, the sale would make ModernCoinMart the fourth major numismatic-related business for Asset Marketing Services, which also operates GovMint.com, First Federal Coin, and New York Mint.

A request for confirmation of the sale by ModernCoinMart came in an email on May 8, 2015 from MCM General Manager Andrew Salzberg, who wrote:

ModernCoinMart was acquired on May 4 by Asset Marketing Services. They saw MCM as a complementary addition to the AMS family of companies, recognized the strength of MCM’s e-commerce capabilities and rich history in modern coins and precious metals, and saw an opportunity to invest in MCM’s continued growth.

Moving forward, MCM will continue to operate as a stand-alone company, with current staff remaining in place. John Maben, former CEO and owner, will transition out of the day-to-day operations but continue to support MCM in a consulting role. Jay Rudo, Hayden Tubbs and I will continue in leadership roles at MCM.

MCM customers can rest assured knowing that our core values and emphasis on positive customer interaction and competitive pricing will remain unchanged. Backed by the financial strength and resources of AMS family of companies, we also look forward to continuing to improve the customer experience and deliver an even broader array of products from the mints from around the world.

CoinWeek will continue to follow this story as details develop…