Spectrum’s Collateral Finance Corporation Renewed as “Official Numismatic Lender” of American Numismatic Association

Posted on 7/16/2009

The American Numismatic Association (ANA) has renewed Spectrum’s Collateral Finance Corporation (CFC) contract as the exclusive official numismatic lender of the ANA until 2011.

Spectrum Group International, Inc., a consolidated global collectibles network, is a leading auctioneer of stamps, coins, arms, armor and militaria, and other memorabilia, targeting both collectors and dealers, announced that the American Numismatic Association (ANA) has renewed Spectrum’s Collateral Finance Corporation (CFC) contract as the exclusive official numismatic lender of the ANA until 2011.

The ANA is a Congressionally-chartered, 32,000-member nonprofit association, and is the world’s largest organization dedicated to educating and encouraging people to study and collect money and related items.

CFC, a wholly-owned subsidiary of A-Mark Precious Metals, Inc., which conducts Spectrum Group International’s trading operations, provides loans to dealers, collectors and traders in the rare coin and bullion market. These loans, which are offered on monthly, six-month or one-year terms with an origination fee, are secured by the coin and bullion assets of the borrower, whether part of the investor’s collection or in the dealer’s inventory. CFC also provides loans against coins that are in the process of being independently certified for authenticity and grade by Numismatic Guaranty Corporation (NGC) and other approved certification services. CFC offers final loan amounts – ranging from $25,000 to over $5 million – of up to 70 percent of the collateral value of coin assets, and 90 percent of the collateral value of bullion assets, based on its in-house expert valuations of the collateral.

Greg Roberts, President and CEO of Spectrum Group International, Inc., commented, “The price volatility of precious metals continues to fuel greater interest in rare-coin collecting and bullion trading. With our experience in collateral lending, we formed CFC to meet the growing demand for capital to fund the investment in rare coins and bullion.

Mr. Roberts continued, “Currently, CFC offers competitive lending rates to dealers and traders, and we have expanded these lending services to individual collectors through our dealer relationships and our renewed relationship with the ANA.”

Thor Gjerdrum, Chief Financial Officer of Spectrum Group International, added, “We are very pleased to exercise our option to continue our agreement as the official numismatic lender of the ANA. To maximize on-hand merchandise that attracts the broadest market of rare coin collectors, dealers need access to capital to fund opportunistic purchases that round out their inventories. In response to an increasing number of inquiries in the market for this type of finance product, A-Mark established CFC to meet the borrowing needs of coin dealers, collectors, and bullion traders. CFC offers a financing alternative that can quickly and easily help them improve liquidity, expand inventory, and generate greater profit.”

Collateral Finance Corporation is a wholly owned subsidiary of A-Mark Precious Metals, Inc. It offers collateral-based loans on numismatic, semi-numismatic and bullion products. CFC is a licensed California Finance Lender. For more information visit cfccoinloans.com.