Latest Spectrum Group Intl (SPGZ) Headlines
INSERTING and REPLACING Spectrum Group International, Inc. Announces Plans to Spin Off Its Precious Metals Trading Business to Shareholders
Business Wire - Wed Nov 13, 5:59PM CST
Link to SEC filing has been inserted above boilerplate of release dated Nov. 12, 2013: http://tinyurl.com/ka7b36b.
Spectrum Group International, Inc. Announces Plans to Spin Off Its Precious Metals Trading Business to Shareholders
Business Wire - Tue Nov 12, 7:00AM CST
Spectrum Group International, Inc. (OTCQB:SPGZ) ("SGI" or the "Company") today announced that it has filed a registration statement with the Securities and Exchange Commission ("SEC") relating to the proposed distribution (or spinoff) by SGI to its shareholders of all of the outstanding shares of common stock of A-Mark Precious Metals, Inc. ("A-Mark"). A-Mark is currently a wholly-owned subsidiary of the Company.
Spectrum Group combines numismatic operations into one company
M2 - Thu Jul 18, 9:09AM CDT
Trading and collectibles network Spectrum Group International Inc (OTCQB:SPGZ) has combined its three numismatics businesses into a single, integrated operating unit to be known as Stack's Bowers Galleries, it revealed on Wednesday.
Spectrum Group International Announces the Combination of Its Numismatic Operations
Business Wire - Wed Jul 17, 5:26PM CDT
Spectrum Group International, Inc. (OTCQB:SPGZ) (the "Company") announced today that it is combining its Stack's Bowers Galleries, Teletrade and Spectrum Numismatics businesses into a single, integrated operating unit to be known as Stack's Bowers Galleries. Brian Kendrella, formerly Director of Operations overseeing all three companies, has been named President of the newly constituted company.
Spectrum Group International, Inc. Announces Fiscal Third Quarter 2013 Financial Results
Business Wire - Tue May 14, 2:32PM CDT
Spectrum Group International, Inc. (OTCQB:SPGZ) today announced financial results for the third quarter of fiscal year 2013, which ended March 31, 2013.
Spectrum Group International Announces Purchase of Non-Controlling Interest in Stack's Bowers Galleries
Business Wire - Thu May 02, 6:09AM CDT
Spectrum Group International, Inc. (SPGZ) (the "Company") announced today that through its subsidiaries Bowers & Merena Auctions, LLC and Stack's-Bowers Numismatics, LLC ("SBN"), it has purchased the 49% non-controlling interest in SBN/dba Stack's Bowers Galleries for an aggregate purchase price of $4.9 million. The Company also agreed to pay the seller, Stack's LLC, an earn-out based on performance. As a result of this transaction, SBN/dba Stack's Bowers Galleries is now wholly owned by the Company.
Allure of mystery helps recluse's gold net $3.5M
By MATT WOOLBRIGHT - AP - Wed Feb 27, 8:04AM CST
CARSON CITY, Nev. (AP) — The tale of a mysterious Nevada recluse's gold has reached a new chapter when a portion of the trove raked in more than $3.5 million at auction.
Spectrum Group International, Inc. Announces Fiscal Second Quarter 2013 Financial Results
Business Wire - Wed Feb 13, 6:03PM CST
Spectrum Group International, Inc. (SPGZ.PK) today announced financial results for the second quarter of fiscal year 2013, which ended December 31, 2012.
Spectrum Group International, Inc. Board of Directors Authorizes $5 Million Stock Repurchase Program
Business Wire - Mon Feb 11, 10:16AM CST
Spectrum Group International, Inc. (SPGZ), a global collectibles and trading company, today announced that its Board of Directors has authorized the Company to repurchase up to $5.0 million of its shares of common stock. This program is effective immediately and will expire on August 8, 2014 or upon completion of the current authorization. Share repurchases under this program may be made through the open market or in privately negotiated transactions. The repurchases will be funded from existing cash on hand. The timing and amount of any repurchase will be determined by management based on evaluation of market conditions and other factors.
Stack's Bowers Galleries Sets World Record with Sale of 1794 Silver Dollar for $10,016,875
Business Wire - Fri Jan 25, 3:49PM CST
Leading rare coin auctioneer Stack's Bowers Galleries, a subsidiary of Spectrum Group International, Inc. (SPGZ), conducted one of the most highly-anticipated events in numismatic history on January 24, 2013, with the sale of the record-setting Cardinal Collection. The highlight of the evening was the $10,016,875 sale of the coveted 1794 Flowing Hair silver dollar, a superb Gem Specimen example, the finest known to exist. This set a new world-record price for any coin. Attended by hundreds of enthusiasts, collectors, investors and dealers, and resulting in nearly $27 million in rare coins crossing the block, the auction of The Cardinal Collection and other important consignments took place as part of the Stack's Bowers Galleries New York Americana Sale.
Spectrum Wine Auctions Announces Appointment of Amanda Crawford as President
Business Wire - Thu Jan 17, 4:42PM CST
Spectrum Wine Auctions LLC, a subsidiary of Spectrum Group International, Inc. (SPGZ) and one of the world's leading fine wine auction houses, announced today that Jason Boland has resigned from the company in order to pursue other opportunities. Industry veteran Amanda Crawford will be assuming the role of President, effective immediately.
INSERTING and REPLACING Spectrum Group International, Inc. Announces Plans to Spin Off Its Precious Metals Trading Business to Shareholders
Business Wire - Wed Nov 13, 5:59PM CST
Link to SEC filing has been inserted above boilerplate of release dated Nov. 12, 2013: http://tinyurl.com/ka7b36b.
Spectrum Group International, Inc. Announces Plans to Spin Off Its Precious Metals Trading Business to Shareholders
Business Wire - Tue Nov 12, 7:00AM CST
Spectrum Group International, Inc. (OTCQB:SPGZ) ("SGI" or the "Company") today announced that it has filed a registration statement with the Securities and Exchange Commission ("SEC") relating to the proposed distribution (or spinoff) by SGI to its shareholders of all of the outstanding shares of common stock of A-Mark Precious Metals, Inc. ("A-Mark"). A-Mark is currently a wholly-owned subsidiary of the Company.
Spectrum Group combines numismatic operations into one company
M2 - Thu Jul 18, 9:09AM CDT
Trading and collectibles network Spectrum Group International Inc (OTCQB:SPGZ) has combined its three numismatics businesses into a single, integrated operating unit to be known as Stack's Bowers Galleries, it revealed on Wednesday.
Spectrum Group International Announces the Combination of Its Numismatic Operations
Business Wire - Wed Jul 17, 5:26PM CDT
Spectrum Group International, Inc. (OTCQB:SPGZ) (the "Company") announced today that it is combining its Stack's Bowers Galleries, Teletrade and Spectrum Numismatics businesses into a single, integrated operating unit to be known as Stack's Bowers Galleries. Brian Kendrella, formerly Director of Operations overseeing all three companies, has been named President of the newly constituted company.
Spectrum Group International, Inc. Announces Fiscal Third Quarter 2013 Financial Results
Business Wire - Tue May 14, 2:32PM CDT
Spectrum Group International, Inc. (OTCQB:SPGZ) today announced financial results for the third quarter of fiscal year 2013, which ended March 31, 2013.
Spectrum Group International Announces Purchase of Non-Controlling Interest in Stack's Bowers Galleries
Business Wire - Thu May 02, 6:09AM CDT
Spectrum Group International, Inc. (SPGZ) (the "Company") announced today that through its subsidiaries Bowers & Merena Auctions, LLC and Stack's-Bowers Numismatics, LLC ("SBN"), it has purchased the 49% non-controlling interest in SBN/dba Stack's Bowers Galleries for an aggregate purchase price of $4.9 million. The Company also agreed to pay the seller, Stack's LLC, an earn-out based on performance. As a result of this transaction, SBN/dba Stack's Bowers Galleries is now wholly owned by the Company.
Allure of mystery helps recluse's gold net $3.5M
By MATT WOOLBRIGHT - AP - Wed Feb 27, 8:04AM CST
CARSON CITY, Nev. (AP) — The tale of a mysterious Nevada recluse's gold has reached a new chapter when a portion of the trove raked in more than $3.5 million at auction.
Spectrum Group International, Inc. Announces Fiscal Second Quarter 2013 Financial Results
Business Wire - Wed Feb 13, 6:03PM CST
Spectrum Group International, Inc. (SPGZ.PK) today announced financial results for the second quarter of fiscal year 2013, which ended December 31, 2012.
Spectrum Group International, Inc. Board of Directors Authorizes $5 Million Stock Repurchase Program
Business Wire - Mon Feb 11, 10:16AM CST
Spectrum Group International, Inc. (SPGZ), a global collectibles and trading company, today announced that its Board of Directors has authorized the Company to repurchase up to $5.0 million of its shares of common stock. This program is effective immediately and will expire on August 8, 2014 or upon completion of the current authorization. Share repurchases under this program may be made through the open market or in privately negotiated transactions. The repurchases will be funded from existing cash on hand. The timing and amount of any repurchase will be determined by management based on evaluation of market conditions and other factors.
Stack's Bowers Galleries Sets World Record with Sale of 1794 Silver Dollar for $10,016,875
Business Wire - Fri Jan 25, 3:49PM CST
Leading rare coin auctioneer Stack's Bowers Galleries, a subsidiary of Spectrum Group International, Inc. (SPGZ), conducted one of the most highly-anticipated events in numismatic history on January 24, 2013, with the sale of the record-setting Cardinal Collection. The highlight of the evening was the $10,016,875 sale of the coveted 1794 Flowing Hair silver dollar, a superb Gem Specimen example, the finest known to exist. This set a new world-record price for any coin. Attended by hundreds of enthusiasts, collectors, investors and dealers, and resulting in nearly $27 million in rare coins crossing the block, the auction of The Cardinal Collection and other important consignments took place as part of the Stack's Bowers Galleries New York Americana Sale.
Spectrum Wine Auctions Announces Appointment of Amanda Crawford as President
Business Wire - Thu Jan 17, 4:42PM CST
Spectrum Wine Auctions LLC, a subsidiary of Spectrum Group International, Inc. (SPGZ) and one of the world's leading fine wine auction houses, announced today that Jason Boland has resigned from the company in order to pursue other opportunities. Industry veteran Amanda Crawford will be assuming the role of President, effective immediately.
