Stack’s Bowers Galleries, a well-known auctioneer of rare and ancient coins, has entered Philadelphia with a new space at 1735 Market St.
The 85-year-old firm signed an 8-year lease on 3,128 square feet of retail space at the Center City office tower. The Costa Mesa, California, company has a presence in New York, Paris, Hong Kong as well as in New Hampshire and Oklahoma.
It holds live, virtual and specialized auctions of rare U.S. and world coins and currency, as well as conducts direct sales through retail and wholesale channels. It was responsible for the sale of the world’s most valuable coin at auction, a 1794 silver dollar that sold for more than $10 million.
The space Stack’s Bowers will occupy is located on the corner of 18th Street and John F. Kennedy Boulevard, across from the Comcast Center. The Philadelphia location will provide a range of numismatic services such as the sale of coin and paper money collections and peruse items available for purchase. The gallery will also serve as a resource for gold and silver bullion trading, appraisals, and auction expertise. plans to open this fall.
Silverstein Properties bought the 51-story, 1.3-million-square-foot office tower in early 2019 in partnership with Arden Group and Migdal Insurance for $451.6 million.
Jeremy Moss and Eitan Horwitz of Silverstein Properties led negotiations on behalf of the landlord along with Steve Gartner, Todd Siegel and Toni Bonitz of CBRE Inc. Vanessa Carrion of Stream Realty represented Stack’s Bowers.