http://www.coinweek.com/news/featur...ion-and-the-morelan-collection-of-type-coins/ News and Analysis on scarce coins, markets, and the coin collecting community #46 A Weekly Column by Greg Reynolds It has already been reported that the PCGS certified ‘Specimen-65′ Naftzger-Parrino 1793 Chain Cent, with AMERI. on the reverse (back), was acquired by Bruce Morelan, who is a leading collector and a minority shareholder in Legend Numismatics. This large cent, though, was just one part of an accumulation of gem quality type coins. A Nevada investor acquired twenty-eight gems from Jay Parrino between 1992 and 1997. “Earlier this month,” Morelan reveals, he “bought them and sold the balance to Legend a few days later.” Of the twenty-eight, Bruce “kept” four coins for himself. The seller of these twenty-eight coins just happened to meet Morelan in Las Vegas in a social setting. Their initial conversations were unrelated to coins. For a while, neither knew that the other owned high quality, rare U.S. coins. While Bruce is a very enthusiastic and exceptionally knowledgeable coin collector, the seller was an investor in coins. Curiously, this Nevada investor is a collector of art. According to Morelan, he “collects Asian Ivory.” He owns ivory items featuring “dramatic and pastoral scenes.”
