Merger or buyout? Gary Adkins and DLRC

Discussion in 'Coin Chat' started by C-B-D, Feb 27, 2017.

  1. C-B-D

    C-B-D Well-Known Member

    Got a letter this a.m. It sort of sounds to me like Gary is taking a step back into more of an office job. Idk. Strange letter, IMO.
    Screenshot_20170227-072542.png
     
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  3. SuperDave

    SuperDave Free the Cartwheels!

    Looks like Gary is doing some long-term thinking here against the day he doesn't want to be running himself ragged on the show circuit any longer. DLRC is big, and has the existing clientele appropriate for Gary's traditional offerings. Not to mention younger people who don't mind running so much. :)

    I suspect this was as much a retirement buyout as anything else; DLRC has the resources to acquire even a dealer of Gary's size. Gary gets to continue being a numismatist (you don't get to where he did without being a coin geek at heart, just like us) without the burden of having to run the business side as well, and DLRC acquires excellent new stock and a high-quality customer base.

    Win-win, IMO.
     
    cpm9ball and C-B-D like this.
  4. scottishmoney

    scottishmoney Buh bye

    I've met Gary Adkins at shows, he is a true gentleman. Sold my kid a nice gold coin for a pittance to sow the seeds of numismatic addiction.
     
  5. Dennis Misiak

    Dennis Misiak Member

    Gary is a class act without a doubt.
     
    Santinidollar likes this.
  6. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    As of now, Gary seems likely to be the next President of the ANA, and perhaps he wants to take that more seriously fulltime than some.
     
  7. Santinidollar

    Santinidollar Supporter! Supporter

    I've bought from both and Lawrence's Sunday night auction is my favorite. Adkins always has nice coins for what ever grade they are.
     
  8. KoinJester

    KoinJester Well-Known Member

    Gary actually opened a B&M just last year
     
    C-B-D likes this.
  9. KoinJester

    KoinJester Well-Known Member

  10. SuperDave

    SuperDave Free the Cartwheels!

    Didn't realize that. They may well have thrown in together as equals, then, just for the economies of scale. I consider both to be very reputable names and it couldn't hurt either for the association.
     
  11. mark_h

    mark_h Somewhere over the rainbow

    Well if anything I hope he improves the pictures on the DLRC site. :)
     
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  12. Dynoking

    Dynoking Well-Known Member

    Amen. As much as I like DLRC I stopped biding/buying because of the pictures.
     
    C-B-D likes this.
  13. C-B-D

    C-B-D Well-Known Member

    Washed out.
     
    Dynoking likes this.
  14. Santinidollar

    Santinidollar Supporter! Supporter

    I never could figure out what they were doing with their pics. But I found their star system for eye appeal was accurate.
     
    Dynoking likes this.
  15. SuperDave

    SuperDave Free the Cartwheels!

    They're varying their technique too little between issues and conditions. Not that I blame them; you have to be pretty up on your game to shoot more than, say, 300 coins in an 8-hour day and that doesn't include postprocessing.
     
    Santinidollar likes this.
  16. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    "Our coin images are bright so you don't have to be."
     
    Dynoking and SuperDave like this.
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