IRVINE, Calif.--(BUSINESS WIRE)--Spectrum Group International, Inc. (SPGZ.pk) subsidiary, Teletrade, America's premier Internet auctioneer of certified coins and currency, announced today that Corey Maita, co-founder of Gainesville Coins, will be joining Teletrade as vice president of business development beginning in November.
Maita’s professional career in numismatics began when he was a sophomore at the University of Florida when he and two partners founded Gainesville Coins in Lutz, Fla. Selling primarily on eBay, the company quickly became a power seller ranked in the top one percent of all eBay sellers. From there, Maita and his partners successfully transitioned Gainesville from eBay to their own e-commerce-focused company website and eventually grew the company to accomplish $300 million in annual sales with an A+ rating from the Better Business Bureau.
Throughout his tenure at Gainesville, Maita’s responsibilities included head trader and numismatist, head buyer, treasurer, international development, IRA development, the implementation of a gold and silver hedge platform, and the launch of a retail store. He also established international mint distributorships with the Perth Mint and New Zealand Mint. Maita will be relocating from Florida to be based at Teletrade’s Irvine, Calif., headquarters.
“Corey has a well established and proven record of success in numismatic e-commerce that will be instrumental in taking Teletrade’s services to the next level and beyond,” said Greg Roberts, CEO of Spectrum Group International, Inc. “Teletrade has experienced record success and expansion in recent years and we have exciting plans for the near future to bring more and better opportunities for buying and selling to our Teletrade customers.”
Established in 1986, Teletrade is the largest and most active marketplace for certified coins and currency with more than 189,000 registered bidders and over 300,000 lots featured in our auction system each year. Teletrade offers 25,000 to 30,000 coin and currency lots each month in auctions held every Sunday, Monday, Tuesday and Wednesday, plus advertised special event sales on other days of the week. Teletrade is a subsidiary of Fortune 500-ranked Spectrum Group International, Inc. Visit www.teletrade.com for detailed information on auctions and prices realized, or call 800.949.2646 to speak to a representative. For media inquiries ask for Brian Kendrella, director of operations for U.S. collectibles with Spectrum Group International.
About Spectrum Group International, Inc.
Spectrum Group International, Inc. (together with its subsidiaries, “we,” the “Company” or “SGI”) is a global trading and collectibles network. We are a trader of precious metals and an auctioneer of coins, stamps and wine, serving both collectors and dealers. We are also a merchant/dealer of certain collectibles. Our collectibles offerings span the price spectrum from modest to ultra-high end. Furthermore, we offer loans to coin dealers, collectors and investors backed by their precious metals, rare coins, and other collectibles as collateral.
Our Trading business is conducted through A-Mark Precious Metals, Inc. (“A-Mark”) and its subsidiaries. A-Mark is a full-service precious metal trading company, and an official distributor for many government mints throughout the world. A-Mark products include gold, silver, platinum and palladium for storage and delivery in the form of coins, bars, wafers and grain, and our services include financing, leasing, consignment, hedging and various customized financial programs. A-Mark’s subsidiary, Collateral Finance Corporation, provides financing on a wide array of bullion and numismatic products.
Our Collectibles business operates as an integrated network of leading companies concentrating on numismatic (coins) and philatelic (stamps) materials and rare and fine vintage wine. We have offices and auction houses in North America, Europe and Asia. In addition to traditional live auctions, we also conduct Internet and telephone auctions.
Our Collectibles companies in the philatelic field are auction houses Harmer Global Philatelic Network GmbH, Corinphila Auktionen of Zurich, Switzerland, Heinrich Köhler Auktionshaus of Wiesbaden, Germany, Corinphila Veilingen B.V., Amstelveen, Netherlands, and John Bull Stamp Auctions, Ltd of Hong Kong. Spectrum Group’s Collectibles companies in the numismatics field include Stack’s Bowers Galleries (rare coin and currency auction house), Stack’s Bowers and Ponterio (world and ancient coins and currency auction house), Teletrade (online coin auctions), and Spectrum Numismatics International (wholesale rare coin dealer), all based in Irvine, California. Spectrum Wine Auctions is engaged in the sale by auction of rare and fine vintage wine.
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