Coin Dealer Newsletter announces investment partners for new ownership of pricing publications

Includes executives from Heritage Auctions, Certified Collectibles Group
By , Coin World
Published : 09/08/15
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Investment partners comprising the new ownership of the Coin Dealer Newsletter family of publications includes two top executives from Heritage Auctions and two associated with Numismatic Guaranty Corp., CDN managing partner John Feigenbaum announced Sept. 4.

Feigenbaum, formerly president of David Lawrence Rare Coins in Virginia Beach, Va., says the new ownership group includes Jim Halperin, Steve Ivy, Mark Salzberg and Steve Eichenbaum.

Halperin is co-chairman and Ivy is co-chairman and chief executive officer of Heritage Auctions in Dallas while Salzberg is chairman and Eichenbaum chief executive officer of Certified Collectibles Group, NGC's parent, in Sarasota, Fla.

Feigenbaum confirmed July 30 that he was the managing partner for the investment group that was purchasing the CDN publications a month after the untimely death of CDN's publisher, Shane Downing.

"While my partners and I have various numismatic interests, I have opted to retire from my full-time career as a rare coin dealer to focus on the information side of the hobby, and I will dedicate myself to the publication and growth of CDN, and its family of publications,” Feigenbaum said. "My partners and I have entered into this new arrangement with the full understanding that CDN will run without any pricing or reporting influence from the partners, or related entities; and that they are passive investors in this endeavor.
"CDN will continue to operate with the same independent authority as always, with a renewed focus on contemporary market-pricing concerns, including a greater focus on areas such as auction price results, the impact of CAC [Certified Acceptance Corp.], and 'plus' grading. The world of coin pricing is incredibly complex and CDN has a very important role to fill in protecting buyers and sellers by getting the pricing right.”

Feigenbaum has more than 30 years of professional coin experience which he will use to lead his team of analysts, led by Editor Patrick Ian Perez, as they bring CDN into “the next 53 years.” As far as current and future plans, Feigenbaum stated that, “our first plan to to complete the physical move of the CDN to the East Coast and solidify our operations here. We are not planning any major changes, except to work hard on updating pricing on specialty series, which have been long neglected. In our second phase, we will speak to our readers to determine the top areas of focus for improvements and change. CDN feels like a start-up company all of a sudden, and it’s a very exciting time for me and my staff.”

John Feigenbaum can be reached via email at john@greysheet.com. Patrick Perez can be reached at patrick@greysheet.com.

 

 

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