YORK, Pa. – Morphy Auctions, a Geppi’s Entertainment Auctions company, and Legend Numismatics have announced the creation of Morphy/Legend Coin Auctions, a new division of Geppi’s Entertainment Auctions. The Denver, Pa.-based Morphy Auctions and the Lincroft, N.J.-based Legend Numismatics will each own 50 percent of the new company, which has already begun accepting consignments for its debut auction.
Legend brings to this new enterprise its standing in the coin world and collecting circles, while Morphy’s contributes its reputation in operating auctions. Both firms have become widely known for their customer service and attention to detail.
Scheduled for May 2008, the new company’s first event will be live with all forms of absentee bidding available, including online via eBay Live Auctions. Additional details will be available soon at www.mlcoinauctions.com.
“Teaming up with a company of Legend’s stature is not something one enters into lightly,” said Stephen A. Geppi, chief executive officer and owner of the Geppi’s Entertainment companies. “We think, though, that with our experience in auctions, which was most recently seen in the $7.7 million result for the Steckbeck collection of mechanical banks, and Legend’s understanding of the coin market, that we can offer consumers and collectors a truly superb experience.”
“Following some of our recent successes, we had announced our interest in the coin market and received more than 100 consignments before Morphy/Legend Coin Auctions was even launched,” said Dan Morphy, chief operating officer of Morphy Auctions. “By teaming up with Legend, we provide our consignors and buyers an outstanding ability to reach out to their colleagues and compatriots in the collecting world.”
For more information, call 717-335-3435, or go online to www.mlcoinauctions.com.