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{{Short description|Rare-coin company that specializes in United States rare coins}}
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{{Article for deletion/dated|page=Rare Coin Wholesalers|timestamp=20120412032602|year=2012|month=April|day=12|substed=yes|help=off}}
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{{Infobox company
{{Infobox company
| name = Rare Coin Wholesalers
| name = Rare Coin Wholesalers
| type = [[Private company|Private]]
| type = [[Private company|Private]]
| location = [[Irvine, California]], U.S.
| location = [[Irvine, California]], U.S.
| key_people = [[Steve Contursi]]<br>President
| key_people = [[Steven Contursi]]<br>President
| website = {{URL|http://www.rcw1.com}}
}}
}}


'''Rare Coin Wholesalers''' is a rare coin company that specializes in United States rare coins. Located in [[Irvine, California]], Rare Coin Wholesalers buys, sells, appraises and trades rare coins and precious metals<ref name="website">[http://www.rcw1.com www.rcw1.com]</ref>. Originally established as a S.L. Contursi company in 1990<ref name="year1990">[http://www.la.bbb.org/Business-Report/Rare-Coin-Wholesalers-98002093 http://www.la.bbb.org/Business-Report/Rare-Coin-Wholesalers-98002093]</ref>, the owners have bought and sold over a billion dollars worth of rare coins<ref name="website"/>.
'''Rare Coin Wholesalers''' is a rare-coin company that specializes in United States rare coins. Located in [[Irvine, California]], Rare Coin Wholesalers buys, sells, appraises and trades rare coins and precious metals.<ref name="website">{{cite web | url=http://www.rarecoinwholesalers.com/ | title=Rare Coin Wholesalers | publisher=Rarecoinwholesalers.com (official website) | accessdate=April 27, 2012}}</ref> Originally established as a S.L. Contursi company in 1990,<ref name="year1990">{{cite web | url=http://www.la.bbb.org/business-reviews/Coin-Dealers-and-Supplies/Rare-Coin-Wholesalers-in-Irvine-CA-98002093 | title=BBB Business Review: Rare Coin Wholesalers | publisher=Los Angeles Better Business Bureau | accessdate=April 27, 2012}}</ref> the owners have bought and sold over two billion dollars' worth of rare coins.<ref name="website"/>


Rare Coin Wholesalers sustains a rotating inventory of tens of millions of dollars’ worth of rare numismatic coins<ref name="print">Rare Coin Wholesalers. "Rare Coin Wholesalers". Irvine: Rare Coin Wholesalers, 2010. Print.</ref>. RCW has either owned or participate in the purchase and sale of a majority of the “100 Greatest U.S. Coins” published by Whitman Publishing<ref name="print"/>. The Neil/Carter/Contursi [[Flowing Hair Dollar|1794 Flowing Hair Silver Dollar]]<ref name="record">{{cite web | url=http://articles.economictimes.indiatimes.com/2010-05-21/news/27580873_1_silver-dollars-gold-piece-expensive-coin | title=1794 silver dollar sells for record $7.85 mn | publisher=[http://economictimes.indiatimes.com/ ''The Economic Times''] | date=May 21, 2010 | accessdate=April 27, 2012}}</ref>, the [[1804 silver dollar|King of Siam Proof Set]]<ref name="king">Muir, Jennifer. "California Man Makes Largest Single Coin Transaction in U.S. History." The Orange County Register 17 Nov. 2005. Print. </ref> and the [[Brasher Doubloon|Unique 1787 Brasher Doubloon]] <ref name="doubloon">Adelson, Andrea. "$3 Million Buys a Coin Held by Geo. Washington." The Laguna Beach Independent 4 Feb. 2005. Print.</ref> are just a few of the rarities that RCW has had in its inventory<ref>{{cite web|url=http://www.rcw1.com/m/aboutus.php?osCsid=11eec764dc9232285be55842b09c5cf3 |title=Rare Coin Wholesalers. About |publisher=Rcw1.com |date= |accessdate=2012-04-14}}</ref>.
Rare Coin Wholesalers sustains a rotating inventory of tens of millions of dollars' worth of rare numismatic coins.<ref name="print">Rare Coin Wholesalers. "Rare Coin Wholesalers". Irvine: Rare Coin Wholesalers, 2010. Print.</ref> RCW has either owned or participate in the purchase and sale of a majority of the “100 Greatest U.S. Coins” published by Whitman Publishing.<ref name="print"/> The Neil/Carter/Contursi [[Flowing Hair Dollar|1794 Flowing Hair Silver Dollar]],<ref name="record">{{cite web | url=http://articles.economictimes.indiatimes.com/2010-05-21/news/27580873_1_silver-dollars-gold-piece-expensive-coin | archive-url=https://web.archive.org/web/20121014202759/http://articles.economictimes.indiatimes.com/2010-05-21/news/27580873_1_silver-dollars-gold-piece-expensive-coin | url-status=dead | archive-date=October 14, 2012 | title=1794 silver dollar sells for record $7.85 mn | publisher=The Economic Times | date=May 21, 2010 | accessdate=April 27, 2012}}</ref> the [[1804 silver dollar|King of Siam Proof Set]]<ref name="king">Muir, Jennifer. "California Man Makes Largest Single Coin Transaction in U.S. History." The Orange County Register 17 Nov. 2005. Print.</ref> and the [[Brasher Doubloon|Unique 1787 Brasher Doubloon]]<ref name="doubloon">Adelson, Andrea. "$3 Million Buys a Coin Held by Geo. Washington." The Laguna Beach Independent 4 Feb. 2005. Print.</ref> are just a few of the rarities that RCW has had in its inventory.<ref>{{cite web|url=http://www.rcw1.com/m/aboutus.php?osCsid=11eec764dc9232285be55842b09c5cf3 |title=Rare Coin Wholesalers. About |publisher=Rcw1.com |date= |accessdate=2012-04-14}}</ref>


==Notable transactions==
In March 2004, the [[American Numismatic Association]] and the company's president, Steven Contursi, a professional [[numismatist]] since 1976, exposed new evidence about “Uncle Sam’s first buck.”<ref name="first">Wilson, Amy. "Silver Piece, Golden Potential." OC Register 2 Aug. 2003. Print.</ref> This specific coin, named the Neil/Carter/Contursi specimen [[Flowing Hair Dollar|1794 Flowing Hair Dollar]]<ref name="record2">{{cite web | url=http://www.nytimes.com/2010/05/24/us/24record.html | title=$7.85 Million for U.S. Coin, and Extra for a Stamp | publisher=[http://www.nytimes.com ''The New York Times''] | date=May 23, 2010 | accessdate=April 27, 2012 | author=Healey, Matthew}}</ref>, is believed by most experts to be the first silver dollar stuck in the U.S. Mint. In May 2010, Contursi sold the Neil/Carter/Contursi 1794 Silver Dollar for $7.85 million, setting a world record for the highest amount ever paid for any single coin<ref>{{cite web|url=http://today.msnbc.msn.com/id/37265346/ns/today-money |title=1794 silver dollar sells for record $7.85 million |publisher=Today.msnbc.msn.com |date= |accessdate=2012-04-14}}</ref>.
In March 2004, the [[American Numismatic Association]] and the company's president, Steven Contursi, a professional [[numismatist]] since 1975, exposed new evidence about “Uncle Sam’s first buck.”<ref name="first">Wilson, Amy. "Silver Piece, Golden Potential." OC Register 2 Aug. 2003. Print.</ref> This specific coin, named the Neil/Carter/Contursi specimen [[Flowing Hair Dollar|1794 Flowing Hair Dollar]],<ref name="record2">{{cite web | url=https://www.nytimes.com/2010/05/24/us/24record.html | title=$7.85 Million for U.S. Coin, and Extra for a Stamp | publisher=The New York Times | date=May 23, 2010 | accessdate=April 27, 2012 | author=Healey, Matthew}}</ref> is believed by most experts to be the first silver dollar stuck in the U.S. Mint. In May 2010, Contursi sold the Neil/Carter/Contursi 1794 Silver Dollar for $7.85 million to the Josh Galt Group, which at the time, set a world record for the highest amount ever paid for any single coin.<ref>{{cite web|url=https://www.nbcnews.com/id/wbna37265346 |archive-url=https://web.archive.org/web/20100524120224/http://today.msnbc.msn.com/id/37265346/ns/today-money/ |url-status=live |archive-date=May 24, 2010 |title=1794 silver dollar sells for record $7.85 million |publisher=[[MSNBC]] |date=May 20, 2010 |access-date=2012-04-14}}</ref>


In December 2011, the unique Brasher Doubloon, the first gold coin made for the young United States, was sold by Steven L. Contursi of Laguna Beach, California, to Certified Acceptance Corporation (CAC) of Far Hills, New Jersey. An undisclosed Wall Street investment firm subsequently has purchased it from Blanchard and Company of New Orleans, Louisiana for a record price of nearly $7.4 million, the most money ever paid for this historic rare coin<ref>{{cite web |author= Contursi, Steven L. |url=http://news.yahoo.com/unique-early-american-brasher-doubloon-gold-coin-sold-080415875.html |title=Unique, Early American Brasher Doubloon Gold Coin Sold for Record Price |publisher=News.yahoo.com |date=2011-12-19 |accessdate=2012-04-14}}</ref>. Most recently, Steve Contursi donated the 1792 Half Disme, an early American coin valued at more than $220,000, to the ANA’s Money Museum<ref>{{cite web|url=http://admin.listpilot.net/mpower/showHtml.do?ac=money&id=6vb0j59_be26a977 |title=ANA News: Money Museum receives 1792 Half Disme from California coin dealer |publisher=Admin.listpilot.net |date=2011-01-25 |accessdate=2012-04-14}}</ref>.
In December 2011, the unique Brasher Doubloon, the first gold coin made for the young United States, was sold by Steven L. Contursi of Laguna Beach, California, to Certified Acceptance Corporation (CAC) of Far Hills, New Jersey. An undisclosed Wall Street investment firm subsequently has purchased it from Blanchard and Company of New Orleans, Louisiana for a record price of nearly $7.4 million, the most money ever paid for this historic rare coin.<ref>{{cite web |author= Contursi, Steven L. |url=https://news.yahoo.com/unique-early-american-brasher-doubloon-gold-coin-sold-080415875.html |title=Unique, Early American Brasher Doubloon Gold Coin Sold for Record Price |publisher=News.yahoo.com |date=2011-12-19 |accessdate=2012-04-14}}</ref> Most recently, Steve Contursi donated the 1792 Half Disme, an early American coin valued at more than $220,000, to the ANA's Money Museum.<ref>{{cite web | url=http://admin.listpilot.net/mpower/showHtml.do?ac=money&id=6vb0j59_be26a977 | title=Money Museum receives 1792 Half Disme from California coin dealer | publisher=American Numismatic Association | date=January 25, 2011 | accessdate=April 27, 2012}}</ref>

In late December 2011, Steven L. Contursi, President of Rare Coin Wholesalers, donated a 1792 half disme, graded NGC About Uncirculated 58, to the American Numismatic Association's Edward C. Rochette Money Museum in Colorado Springs, Colorado. Contursi said he donated his coin to the ANA unrestricted, "with no strings attached," explaining that it was his way of "giving back" to an association he has "always believed in." When Contursi donated his coin, he was unaware that the example of the famed rarity was missing and presumed stolen from the museum's collection, which was later disclosed by ANA officials on January 19. Contursi has bought and sold a number of examples of the 1792 half disme during his career, ranging from the finest known, graded Mint State 68, to circulated specimens. In fact, he currently has one that grades MS-65 in his collection.<ref>{{cite magazine | url=http://www.rarecoinwholesalers.com/news/144/contursi-donates-1792-half-disme-to-ana-money-museum | title=CONTURSI DONATES 1792 HALF DISME TO ANA MONEY MUSEUM | magazine=Coin World | date=February 13, 2012 | access-date=September 6, 2012 | archive-url=https://web.archive.org/web/20120910015636/http://www.rarecoinwholesalers.com/news/144/contursi-donates-1792-half-disme-to-ana-money-museum | archive-date=September 10, 2012 | url-status=dead | df=mdy-all }}</ref>

Steve Contursi purchased a 1907 gold coin that experts have called the most beautiful in U.S. currency on June 29, 2012. The coin, a Proof Ultra High Relief double eagle, was designed at the turn of the century by sculptor Augustus Saint-Gaudens after a request from President [[Theodore Roosevelt]] to bring more beauty into American coin design.


==References==
==References==
{{reflist}}
{{reflist|2}}

===Additional sources===
* {{cite web | url=http://www.highbeam.com/doc/1P2-9946307.html | archive-url=https://web.archive.org/web/20160325163933/https://www.highbeam.com/doc/1P2-9946307.html | url-status=dead | archive-date=March 25, 2016 | title=Collector buys coins once given to king | publisher=Charleston Daily Mail | date=November 2, 2005 | accessdate=April 27, 2012 | agency=Associated Press}}


==External links==
==External links==
* [http://www.rcw1.com/ Rare Coin Wholesalers]
* [http://www.rcw1.com/ Official website]


[[Category:Companies based in Irvine, California]]
[[Category:Companies based in Irvine, California]]
[[Category:Companies established in 1990]]
[[Category:Business services companies established in 1990]]
{{US-company-stub}}

Latest revision as of 23:36, 21 October 2024

Rare Coin Wholesalers
Company typePrivate
HeadquartersIrvine, California, U.S.
Key people
Steven Contursi
President
Websitewww.rcw1.com

Rare Coin Wholesalers is a rare-coin company that specializes in United States rare coins. Located in Irvine, California, Rare Coin Wholesalers buys, sells, appraises and trades rare coins and precious metals.[1] Originally established as a S.L. Contursi company in 1990,[2] the owners have bought and sold over two billion dollars' worth of rare coins.[1]

Rare Coin Wholesalers sustains a rotating inventory of tens of millions of dollars' worth of rare numismatic coins.[3] RCW has either owned or participate in the purchase and sale of a majority of the “100 Greatest U.S. Coins” published by Whitman Publishing.[3] The Neil/Carter/Contursi 1794 Flowing Hair Silver Dollar,[4] the King of Siam Proof Set[5] and the Unique 1787 Brasher Doubloon[6] are just a few of the rarities that RCW has had in its inventory.[7]

Notable transactions

[edit]

In March 2004, the American Numismatic Association and the company's president, Steven Contursi, a professional numismatist since 1975, exposed new evidence about “Uncle Sam’s first buck.”[8] This specific coin, named the Neil/Carter/Contursi specimen 1794 Flowing Hair Dollar,[9] is believed by most experts to be the first silver dollar stuck in the U.S. Mint. In May 2010, Contursi sold the Neil/Carter/Contursi 1794 Silver Dollar for $7.85 million to the Josh Galt Group, which at the time, set a world record for the highest amount ever paid for any single coin.[10]

In December 2011, the unique Brasher Doubloon, the first gold coin made for the young United States, was sold by Steven L. Contursi of Laguna Beach, California, to Certified Acceptance Corporation (CAC) of Far Hills, New Jersey. An undisclosed Wall Street investment firm subsequently has purchased it from Blanchard and Company of New Orleans, Louisiana for a record price of nearly $7.4 million, the most money ever paid for this historic rare coin.[11] Most recently, Steve Contursi donated the 1792 Half Disme, an early American coin valued at more than $220,000, to the ANA's Money Museum.[12]

In late December 2011, Steven L. Contursi, President of Rare Coin Wholesalers, donated a 1792 half disme, graded NGC About Uncirculated 58, to the American Numismatic Association's Edward C. Rochette Money Museum in Colorado Springs, Colorado. Contursi said he donated his coin to the ANA unrestricted, "with no strings attached," explaining that it was his way of "giving back" to an association he has "always believed in." When Contursi donated his coin, he was unaware that the example of the famed rarity was missing and presumed stolen from the museum's collection, which was later disclosed by ANA officials on January 19. Contursi has bought and sold a number of examples of the 1792 half disme during his career, ranging from the finest known, graded Mint State 68, to circulated specimens. In fact, he currently has one that grades MS-65 in his collection.[13]

Steve Contursi purchased a 1907 gold coin that experts have called the most beautiful in U.S. currency on June 29, 2012. The coin, a Proof Ultra High Relief double eagle, was designed at the turn of the century by sculptor Augustus Saint-Gaudens after a request from President Theodore Roosevelt to bring more beauty into American coin design.

References

[edit]
  1. ^ a b "Rare Coin Wholesalers". Rarecoinwholesalers.com (official website). Retrieved April 27, 2012.
  2. ^ "BBB Business Review: Rare Coin Wholesalers". Los Angeles Better Business Bureau. Retrieved April 27, 2012.
  3. ^ a b Rare Coin Wholesalers. "Rare Coin Wholesalers". Irvine: Rare Coin Wholesalers, 2010. Print.
  4. ^ "1794 silver dollar sells for record $7.85 mn". The Economic Times. May 21, 2010. Archived from the original on October 14, 2012. Retrieved April 27, 2012.
  5. ^ Muir, Jennifer. "California Man Makes Largest Single Coin Transaction in U.S. History." The Orange County Register 17 Nov. 2005. Print.
  6. ^ Adelson, Andrea. "$3 Million Buys a Coin Held by Geo. Washington." The Laguna Beach Independent 4 Feb. 2005. Print.
  7. ^ "Rare Coin Wholesalers. About". Rcw1.com. Retrieved 2012-04-14.
  8. ^ Wilson, Amy. "Silver Piece, Golden Potential." OC Register 2 Aug. 2003. Print.
  9. ^ Healey, Matthew (May 23, 2010). "$7.85 Million for U.S. Coin, and Extra for a Stamp". The New York Times. Retrieved April 27, 2012.
  10. ^ "1794 silver dollar sells for record $7.85 million". MSNBC. May 20, 2010. Archived from the original on May 24, 2010. Retrieved 2012-04-14.
  11. ^ Contursi, Steven L. (2011-12-19). "Unique, Early American Brasher Doubloon Gold Coin Sold for Record Price". News.yahoo.com. Retrieved 2012-04-14.
  12. ^ "Money Museum receives 1792 Half Disme from California coin dealer". American Numismatic Association. January 25, 2011. Retrieved April 27, 2012.
  13. ^ "CONTURSI DONATES 1792 HALF DISME TO ANA MONEY MUSEUM". Coin World. February 13, 2012. Archived from the original on September 10, 2012. Retrieved September 6, 2012.

Additional sources

[edit]
[edit]
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