Superior Galleries cancelled Santa Clara Auction

Frank Provasek

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Apr 3, 2009, 12:54:06 PM4/3/09

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The Santa Clara Elite Auction scheduled this week by Superior
Galleries was cancelled, along with all upcoming auctions. An email
announcment, received on April Fool's Day, was at first thought to be
a joke.

oly

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Apr 3, 2009, 5:36:05 PM4/3/09

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http://www.sgbh.com/Shop/Control/fp/SFV/30298/view_page/AuctionLetter

Care to spin it for us, Frank???

oly

Frank

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Apr 3, 2009, 6:08:07 PM4/3/09

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The following might be of interest...

On February 19, 2009, Stanford International Bank, Ltd.)(”SIB”)
Superior’s primary lender and a significant stockholder of record of
the company was placed in both domestic and Antiguan receiverships. It
is uncertain at this time what impact these events will have on
Superior. All obligations between Superior are current and there are
no intercompany obligations between the companies. DGSE intends to
assert claims against SIB in connection with the acquisition of
Superior.

Allen Stanford is called "Texas' own Bernie Madoff"

http://www.texasmonthly.com/2009-03-01/webextra10.php

Bob F.

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Apr 3, 2009, 6:55:54 PM4/3/09

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"Frank" <fr...@frankcoins.com> wrote in message
news:e85e3d76-4f0c-4bf7...@v15g2000yqn.googlegroups.com...

>Allen Stanford is called "Texas' own Bernie Madoff"

And what are YOU called, Fwankie?

Mr. Jaggers

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Apr 3, 2009, 7:08:36 PM4/3/09

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I was at a show today and there was considerable mumbling about this among
the dealers and more knowledgeable collectors.

James

Bob

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Apr 3, 2009, 9:19:26 PM4/3/09

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Were you able to understand anything of what they said, despite the
mumbling?

Mr. Jaggers

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Apr 3, 2009, 10:16:10 PM4/3/09

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Bob wrote:

Heh, touché on me. Mostly, the tenor of the talk was, "We're not at all
surprised." Apparently the once-golden business model has eroded and
tarnished.

James

Bob F.

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Apr 3, 2009, 11:03:11 PM4/3/09

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"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
news:gr6fs...@enews5.newsguy.com...

One wonders how the owners of coins consigned to Superior are feeling.
Will they get their coins back in a reasonable time or will they vanish
into thin air?

sgt23

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Apr 4, 2009, 4:29:14 AM4/4/09

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You know how coin dealers are James. They would never want you to
think they were surprised by anything.

Terry

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Apr 4, 2009, 5:42:04 AM4/4/09

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"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
news:gr6fs...@enews5.newsguy.com...

Toned.

Mr. Jaggers

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Apr 4, 2009, 5:58:38 AM4/4/09

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Po-tay-to, po-tah-to. And believe me, the word "tarnished", a much rougher
word than the more chic and genteel "toned", accurately captures the mood of
my interlocutors.

James

oly

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Apr 4, 2009, 7:29:51 AM4/4/09

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> James- Hide quoted text -
>
> - Show quoted text -

Those dealer fellows that were feeling a bit "Superior" yesterday,
need to certain that their own operating lines of credit are solid.
Chances are, those LOCs aren't.

oly

Bob F.

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Apr 4, 2009, 9:42:54 AM4/4/09

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"sgt23" <bravesfa...@yahoo.com> wrote in message
news:f5782738-e61a-4cb7...@w40g2000yqd.googlegroups.com...

>You know how coin dealers are James. They would never want you to think
>they were surprised by anything.

Sarge, you are an idiot.

sgt23

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Apr 4, 2009, 11:40:19 PM4/4/09

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On Apr 4, 9:42 am, "Bob F." <b...@april2009.invalid> wrote:
> "sgt23" <bravesfandevo...@yahoo.com> wrote in message

I thought I heard something... hmmm must have been the wind. Anyways!

Bob F.

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Apr 5, 2009, 8:15:47 AM4/5/09

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"sgt23" <bravesfa...@yahoo.com> wrote in message

news:b1cc2af2-dacb-465b...@u8g2000yqn.googlegroups.com...

>I thought I heard something... hmmm must have been the wind. Anyways!

Yep, it was the wind whistling through that empty head of yours.