September 13, 2011

The Wall Street Bourse

Experienced stock and bond collectors know John Herzog as the long-time owner of the venerable R.M. Smythe Co. in New York. For many years, John and his wife Diana organized the wonderful bourses at the Historic Strasburg Inn in Strasburg, Pennsylvania. They retired from the scene after selling Smythe, but (as anyone can imagine) retained their interest in collecting.

John founded the Museum of American Finance and has spent an enormous amount of time breathing life into that project. The independent museum is dedicated to educating the world about American financial history. The museum now has an envious location at 48 Wall Street near the New York Stock Exchange. The museum became an affiliate of the Smithsonian in 2001.

After a long hiatus and after listening to countless comments and requests about Strasburg, John decided to stage a new bourse for collectors in New York next month. The Wall Street Bourse (click link for a larger view of the ad at left) will be held on Friday October 21 and Saturday October 22 at the Museum of American Finance. The bourse will feature approximately 20 top dealers in American financial material, including stocks, bonds, bank notes, coins, medals and autographs.

Admission to the bourse and museum (10am to 4pm) will be free. If you are anywhere near New York on those days, please consider attending. Bourses are where you get to meet dealers, see wares you will seldom see in person, and rub elbows with other collectors.

Of course, no bourse is really complete without a live auction. Consequently, Archives International Auctions will hold a 500-lot auction on Friday night at the nearby and historic India House at One Hanover Square. The auction will start at 8pm and will feature live internet bidding for those who cannot attend.

The museum is a not-for-profit entity, so the bourse is completely independent. You may learn more about the bourse and auction by contacting Virginia Besas at 212-758-8119 or

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