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The Ancient Coin Collectors Guild has become a driving force in the ongoing effort to protect coin collectors and museums in which coins are stored from being forced to give up these items to foreign governments under the premise the coins are the cultural patrimony of the claimant nation. — Richard Giedroyc, World Coin News April 26, 2010

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Benefit Auction IV fuels legal efforts

Benefit Auction raises funds for litigation

By Wayne G. Sayles |
October 22, 2011

The fourth annual ACCG Benefit Auction closing on October 13, 2011 raised $17,100 on successful bids from 83 different participants.  Many of the lots generated upward of 20 bids in spirited competition.  The sale was held without reserve and no buyer's fees.  Although an initial error in invoicing did include buyers fees, this was quickly addressed and revised invoices were sent to all winning bidders.  Those who had already sent payment are being sent refunds of the buyers fee. 

This sale was catalogued by John Lavender and hosted by VAuctions.com.  The 120+ lots were generously donated by a long list of supporters from the dealer and collector communities. Ironically, three of the lots were shipped to winning bidders in Cyprus, Italy and China — the three countries that currently have Memorandums of Understanding with the United States that prohibit the importation of ancient coins from their lands.  No country other than the U.S. imposes similar import restrictions, and these countries do not restrict imports themselves.  The revenue from this sale will go directly toward the continuing ACCG litigation that challenges these import restrictions.

The ACCG Board of Directors sincerely thanks all who donated material or services for this sale and those who enthusiastically supported it.

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