Leading Precious Metals and Collectibles Retailer and Auction House Unveils New Yorks First-Ever Gold-Dispensing ATM Machine

Author: Stack's Bowers Galleries / August 16, 2012

NEW YORK, N.Y. (August 16, 2012) — In conjunction with its historic grand re-opening, New York City’s legendary Stack’s Bowers Galleries, a leading retailer and auctioneer of premium collectible coins, paper money, and precious metals, is unveiling New York’s first-ever express GOLD to go™ ATM machine at its upper west side location (123 West 57th Street) on August 23, 2012. This automated machine is the fourth GOLD to go™ ATM machine to be installed in the United States, and its easily accessible, outdoor location will allow for quick and direct  transactions throughout the day.

Stack’s Bowers Galleries’ GOLD to go™ ATM will offer a variety of gold and silver bar and coin products with various weights ranging from 5 grams to 1 troy ounce. This innovative machine updates its prices every 60 seconds based on current precious metals spot prices and each product it dispenses is quality certified and produced by recognized manufacturers and world mints. In addition, each item is dispensed in a premium and elegant gift box. The machine itself makes a stunning visual statement, covered in 24-karat gold leaf. There are more than 30 GOLD to go™ ATM machines currently in operation, including 21 in Germany, as well as United Arab Emirates, Italy, Portugal, United Kingdom, and three other United States locations. Stack’s Bowers Galleries in conjunction  with the Golden Nugget Casino in Atlantic City, N.J. launched the company’s first GOLD to go™ ATM in April of this year. The New York location marks the company’s second ATM installation.

 “We are thrilled to continue the expansion of the GOLD to go™ ATM machines to the gold and silver-buying public,” says Brian Kendrella, director of operations for Stack’s Bowers Galleries. “The Stack’s Bowers Galleries GOLD to go™ ATM is convenient and extremely user-friendly, and fulfills a multitude of buyer needs on different levels – from serious gold collectors to tourists seeking an exclusive high-end keepsake from their New York City visit. In addition to being a retailer, Stack’s Bowers also purchases gold at competitive prices, providing full service options and hassle-free transactions.”

 Beginning August 23, 2012, the New York City GOLD to go™ ATM will dispense the limited-edition North American Bison collectible coin that Stack Bower’s Galleries is launching to benefit renewed efforts to save the iconic North American Bison from extinction.  A percentage of the retail proceeds will go to the Wildlife Conservation Society and their efforts to protect the North American Bison. The silver piece will be sold in .5oz or 1oz weights until this commemorative edition is sold out. Learn more about this effort at StacksBowers.com.

 

About Stack’s Bowers Galleries

Stack’s Bowers Galleries, a division of Fortune 500 Company Spectrum Group International Inc., was launched in January 2011, combining the extraordinary histories of Stack’s, the oldest rare coin auction and retail company in America, with Bowers and Merena Auctions, one of the world’s pre-eminent auctioneers of rare coins and paper money. The two companies unite to share a combined legacy that spans more than 100 years, and includes the cataloging and sale of many of the most valuable collections to ever cross an auction block – the John J. Ford, Jr. and Louis E. Eliasberg, Sr. collections, the Harry W. Bass, Jr. Collection, and the Norweb Collection, to name just a few. Topping off this amazing numismatic history is the inclusion of the world record for the highest price ever realized at auction for a rare coin; the legendary 1933 Saint-Gaudens Double Eagle that realized an astounding $7.59 million (sold in partnership with Sotheby’s). The company is headquartered in Irvine, California, with offices in New York, New Hampshire, and Hong Kong. Stack’s Bowers Galleries is the Official Auctioneer for several important numismatic conventions, including the ANA World’s Fair of Money pre-show and convention auctions, and the Whitman Coin & Collectibles Expos in Baltimore, three times yearly, and in Philadelphia.

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