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<p>[QUOTE=&quot;calcol, post: 26063272, member: 77639&quot;]A little numismatic financial history:</p><p><br /></p><p>Dave Bowers as a young man started a dealership on his own.&nbsp; He was then joined by James Ruddy to form Bowers and Ruddy.&nbsp; Ruddy eventually bowed out and was replaced by Ray Merena to form Bowers and Merena.&nbsp; B&amp;M sold itself to Collectors Universe, owner of PCGS.&nbsp; Collectors Universe sold B&amp;M to Spectrum Group which merged it with Stack’s, which it also owned, to form Stack’s Bowers.&nbsp; Now, Spectrum will merge SB with A-Mark, but apparently SB will retain its name as is.</p><p><br /></p><p>Strangely, when Spectrum bought B&amp;M, CU kept the copyrights to Dave’s newsletters, B&amp;R catalogs and B&amp;M catalogs.&nbsp; Don’t know if the rights were omitted from the contract because of an oversight on Spectrum’s part, or maybe Spectrum was cognizant of the copyrights but didn’t want to pay extra for them.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>

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