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About Me: tangibleinv( 3 ) About Me

   
Tangible Investments was founded as Tangible Investments of America in 1984 by Silvano DiGenova, who has long been recognized as a leading market maker in the rare coin industry.  The name was changed to Tangible Investments after a merger with Superior galleries and an eventual selloff.  Mr. DiGenova began his career as a rare coin prodigy, trading coins as as early as 1976 and setting up his first booth at a national coin convention in 1977. A self-made millionaire in coins before the age of 21, he left the Wharton School of Business at the University of Pennsylvania -- simply because he was loosing too much money by staying in school!

    Mr. DiGenova is an authority on the rare coin market, grading, authenticity and appraisals. He has been featured in Fortune Magazine’s "People to Watch," quoted on the front page of The Wall Street Journal and has been interviewed in hundreds of newspapers across the United States. He additionally appeared several times as a commentator on CNN, FNN and more recently CNBC (as CEO of Superior Galleries), the Discovery Channel, the History Channel and FX Television.

Unparalleled Credentials as America’s Top Buyer!

    Silvano DiGenova’s superior knowledge of rare coin grading and his unsurpassed market savvy earned him the opportunity to participate in the single largest numismatic transaction in history. His services as a grading consultant were requested, and he was asked to assist in the orderly distribution of the El Salvador U.S. gold hoard, which had a total market value in excess of $50 million!

    Mr. DiGenova was also actively involved in the distribution of a $25 million plus hoard of gold (believed to have originated in Russia) that was dispersed between 1993 and 1996. He was also a major purchaser of thousands of superb gem quality silver dollars from the Continental-Illinois bank hoard. That’s just the beginning. Following is a list of other landmark purchases consummated by Silvano DiGenova:

  • Co-purchaser, consultant, and minority partner of the Trompetor Proof Gold Collection for $15.2 million.  This represented the largest RARE COIN private treaty sale in history at the time of sale
  • Purchaser of the  1907 Ultra High Relief $20 Gold PR-67 for $1.2 million the highest priced ever realized at public auction for a U.S. gold coin at the time.
  • Buyer of the Jasper Roberson Collection ... over $1 Million!
  • Buyer of the Clifford-Kagin San Francisco Mint Collection ... over $2 Million -- and then resold for $3.1 Million!
  • Buyer of the Connoisseur Collection ... over $2.5 Million!
  • Buyer of the 1879 $4 Coiled Hair Stella PR65 & PR66 ... over $1.3 Million!
  • Buyer of the 1851 Augustus Humbert $50 Choice Proof ... over $600,000!
  • Buyer of the 1855 Kellogg $50 Choice Proof ... over $400,000!
  • Buyer of the 1865 $20 Transitional PR65 ... over $300,000!

    In addition to these noteworthy purchases, Mr. DiGenova is always one of the top buyers (and frequently the #1 buyer) at virtually every major auction sale. He spent over $1 million dollars at each of the Apostrophe Auctions (1988-1989 & 1990). He purchased over $1 million at Stack’s 55th Anniversary Sale, over $1 million at Superior Galleries’ Mendleson sale, $3/4 million at Superior Galleries’ Trompeter Sale, $1.5 million at Stack’s Floyd Star Sale and nearly $2 million at the Eliasberg Sale.

    These purchases clearly establish Mr. DiGenova as one of America’s top buyers. He has the expertise and financial resources required to be not only a market participant, but a trendsetter and market leader as well.

    Mr. DiGenova has personally traded over $1 Billion of rare coins and other collectables during his twenty-year career. As demonstrated by the previous examples, he is often the largest buyer at major auctions, frequently purchasing 25% or more of the entire sale.

Mr. DiGenova (and Superior Galleries) was selected by the trustees of the State of Ohio to auction a large part of their rare coin fund.

As CEO of Superior Galleries, Mr. DiGenova negotiated, and was granted, the role of Official Auctioneer of the State of California.

As CEO of Superior Galleries, Mr. DiGenova negotiated the sale of Superior Galleries to Dallas Gold and Silver (DGSE) for the at the time equivelant of $20 Million shortly after the signing of the deed.

The Designer of The Grading 
Standards For The Rare Coin Industry

    Mr. DiGenova was one of the original owners and founders of the Professional Coin Grading Service. He personally designed the PCGS grading set of rare coins. To this day his grading set remains the standard for rare coin grading. To put it succinctly, coin grading today -- accepted throughout the industry -- is largely based upon Mr. DiGenova’s expertise.

America’s Most Successful Rare Coin Trader

    Over his thirty-year career, Mr. DiGenova has developed a reputation as one of the shrewdest traders in the business. If stocks and bonds were his business, he would be considered one of the elite traders on the floor of the stock exchange. But, his business isn’t stocks and bonds -- it’s rare coins. He has, however, managed a seven-figure rare coin limited partnership known as Tangible Partners LP and supervises numerous seven-figure rare coin positions on behalf of clients. A number of his peers and competitors have compared his abilities to those of legendary Wall Street investor Warren Buffet and Fidelity Magellan mutual fund manager Peter Lynch. Similar to those great stock market investors, he makes money in the rare coin business every day by trading coins with the most experienced dealers in the business.

    To coin a phrase, he goes head to head with the brightest and most aggressive traders in the marketplace -- and invariably, he wins! To cite a few examples of his prowess, read on ...

  • In February 1980, when the coin market was smoking hot and the experts were buying with reckless abandon ... he liquidated his entire inventory. Just two short months later, the rare coin market collapsed!
  • In the summer of 1986 he shorted (this was the first futures trade in the certified U.S. coin market) 1,000 MS64 Morgan dollars to one of the leading experts at $300 each. The market dropped and by the end of delivery time he was buying them for just $175 each!
  • On the first day of the 1988 ANA Convention, he sold nearly $1 million of generic $20 Liberties and Saint Gaudens to Iraj Sayah (the multi-millionaire Iranian rare coin speculator) at close to 10% over Bid.  By the end of the show these same coins were trading for 15% under Bid.  Within 45 days, the prices dropped another 30%!
  • In April 1989, he sold his entire inventory to Kidder-Peabody’s American Rare Coin Fund at 10% over market value.  That was at the same time the experts had a severe case of Wall Street Fever.  Little more than a month later, the coin market crashed!
  • In the July/August edition of The Insider’s Advantage, Mr. DiGenova issued a "buy" signal for MS65 Stars Obverse dimes. Since making that recommendation, this issue has increased in value by more than 46%!
  • Mr. DiGenova enthusiastically endorsed the acquisition of MS65 Deep Mirror Prooflike Morgan dollars in the November/December 1997 issue of our newsletter. He referred to these coins as being among the most undervalued issues of the entire numismatic marketplace. As a group, these coins have appreciated a most impressive 25.5% since the beginning of the year. A number of dates have increased in value from 50% to over 300% during the same period of time!

Scott Travers, noted author, dealer and consumer advocate had this to say of Mr. DiGenova, "Silvano is one of the greatest numismatic minds in the business today."

Clearly, Mr. DiGenova not only possesses superior acumen in regard to rare coins and grading -- most importantly, he has a keen sense of market timing as well! Mr. DiGenova constantly monitors the pulse of the marketplace as an active participant at every major coin show and auction held throughout the country. Remember this, all the knowledge in the world cannot insure success in the rare coin market unless it is accompanied with shrewd and extraordinary timing!

If A Picture Is Worth A Thousand Words,
An Unsolicited Testimonial Is Even Better!

At Tangible Investments, we have always taken great pride in our commitment to furthering our clients’ numismatic education, as well as dedication to their complete satisfaction. We have been greatly pleased when we received the following unsolicited letters:

    "I have been actively collecting U.S. coins for the past 10 years. Although I’m primarily a collector at heart, every purchase is also made with a careful eye on cost, and with consideration for future profit. Silvano DiGenova, owner of Tangible Investments of America, has been a great help to me in building my collection. Mr. DiGenova is one of the most respected graders in the business. Silvano has educated me in the fine art of grading, and determining value. He has helped me to avoid "problem" coins, which would be potential financial disasters. He works on narrow buy-sell spreads and has a fabulous inventory of material in stock. Finally, Mr. DiGenova has been consistently open and honest in out dealings. He has my unqualified endorsement for anyone interested in this wonderful hobby."

-- Gene Sherman, M.D., California


       "This is a letter to just thank you for the quality of the coins I’ve bought from you and the service you give. As I look at my collection, two pieces in particular always stop me dead in my tracks – a proof half-dime (you know, the one with the fully struck flowers) and the 1806 half-cent. Both are exceptional and both came from you. Sure, I like the other pieces I bought from you but these two are amazing!"

    "I figure you’d probably hear about it loud and clear if someone was unhappy, so I though I’d balance it out a little by letting you know how pleased I am to deal with you. Thank you again."

-- D. Burkey, Virginia --

    "I am writing to express my sincere thank you for the handling of my account and the selection of the coins you have suggested as investments for the future. I really do thank you. Furthermore, I appreciate your honesty. I feel that I can send you any coin at any time, without worrying if I will ever get it back."

-- M. McWhorter, Washington

"It’s refreshing to work with someone so competent and honest."

-- M. Goldston, Money Manager, Tennessee

"Your newsletter is great – super outstanding!"  -- P. Kroll, Illinois --


Integrity

    Mr. DiGenova maintains a long-standing reputation of honesty and integrity in his dealings. Never has there been a complaint launched against him or his company, nor has he (or Tangible Investments) ever been the subject of any litigation whatsoever. Additionally, he has been a founder or served on the board of virtually every national organization involved with the development of ethical standards and practices within the rare coin industry.

A Staff Of Seasoned Experts Second To None!

    Tangible Investments (under the leadership of Mr. DiGenova) has assembled an elite staff of numismatic experts whose combined experience exceeds one hundred and fifty years of rare coin trading. Collectively, they have traded more than one billion dollars worth of collectibles! That’s quite an achievement.  The combination of experienced leadership, seasoned staff, impeccable reputation and strong financial position make Tangible Investments unique in the rare coin industry.

Eliminating The Middleman: The Tangible Difference!

    Success in trading rare coins is achieved by acquiring the finest and rarest specimens as close to the actual wholesale value as is reasonable to expect. When you deal with Tangible Investments, you’re buying directly from the source -- thus effectively eliminating the middleman.

    As one of America’s leading wholesalers, we supply coins to hundreds of retail dealers and rare coin telemarketers. In order to realize a profit, these firms must operate on margins of 35% to 45% above the wholesale market value.

    In stark contrast, we sell coins to our clients based upon the following formula: We take the actual cash wholesale value of the coins we acquire and factor in a margin of from 5% to 17.5% (maximum). With our superior buying power we are able to purchase coins at the lowest possible prices in the industry. We are then able to mark them up 10% to 15% and sell them to our competitors, who in turn tack on another 25% or more and sell them retail. To our clients, this means outstanding quality and prices that are substantially below industry standards.

    Be aware, price isn’t the only consideration when acquiring rare coins. Since each coin is unique in its own way (with subtle variations in appearance) the collector must be confident that he is not only receiving the most advantageous price, but also the finest quality coin for the stated grade. Therefore, Tangible Investments offers an unconditional fifteen-day return privilege on any coin it sells. Our liberal return policy is your assurance of complete satisfaction. Of course, authenticity is guaranteed for life.

    Of utmost importance to Tangible Investment clients is the assurance of receiving the first choice from our extensive inventory. The leftovers are sold to other dealers! At Tangible Investments, customers acquire the optimum coins at the best possible price, a winning and profitable combination. That’s the Tangible difference!

Supplying The Demand

    In 1986, the rare coin market underwent a radical change. Rare coins were no longer graded and evaluated based strictly upon the opinion rendered by the seller. The veracity of rarity estimates and the integrity of evaluations would never again be dependent upon the perception and experience of any single individual.

    Tangible Investments, equal to the task of this evolving market, geared up to meet the growing demand for accurate dissemination of population information and the most conservatively graded (i.e., premium quality) coins from PCGS and NGC. Tangible Investments was founded upon the philosophy that quality in both product and service are of paramount importance to a collector or investor’s success. That principle rapidly built an outstanding reputation among our clients and peers.

    Over time, Tangible Investments moved onto the leading edge of the certified rare coin market, providing its clientele the finest premium quality PCGS and NGC coins, as well the most sophisticated information services. Tangible Investment’s monthly newsletter, THE INSIDER’S ADVANTAGE, is expanding to meet tomorrow’s market, today!

    Tangible Investment’s emphasis is on client satisfaction, including every aspect of fulfilling your needs, from acquisition through liquidation. That’s our promise to you and we are committed to it!

    We are confident that the information contained within this Website will assist you in deciding if rare coins are right for you. Whether you are a newcomer to numismatics or a seasoned collector, we’re certain our expertise would prove to be an enormous advantage in your quest for excellence in numismatics. We look forward to working with you toward the formation of a meaningful collection of high quality rare coins that are enjoyable as well as financially rewarding.

Tangible Investments, LLC
3444 Via Lido
Newport Beach, CA 92663
888-655-9255 / 949-673-3311


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