ModernCoinMart has become the fourth numismatic
company to be acquired by Asset
Marketing Services LLC.
An emailed statement from MCM’s general manager Andrew Salzberg on
May 11 confirmed the acquisition.
“[AMS] 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,” Salzberg’s statement
to Coin World reads.
“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 continue to support MCM in a consulting role, but
transition out of day to day operations. Jay Rudo, Hayden Tubbs and I
will continue in leadership roles at MCM."
AMS, according to its website, is "a leading multichannel
direct marketer of high-value coins and proprietary branded jewelry,
watches and other products."
Already under the AMS umbrella are First
Federal Coin, GovMint.com and New York Mint.
AMS also owns Stauer, which "designs, sources, brands and
markets silver, gold, and gemstone jewelry, watches and other 'luxury
for less’ products,” according to the AMS website.
"MCM customers can rest assured knowing that our core values
and emphasis on positive customer interaction and competitive pricing
will remain unchanged,” Salzberg’s statement reads. "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
ModernCoinMart was founded by Maben in 2004, according to its
website, and is based in Lakewood Ranch, Fla. AMS is based in
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