Heritage Auction Galleries (formerly Heritage Galleries & Auctioneers) wheels and deals in rare collectibles, from coins to comic books. The firm offers coins and currency, jewelry, couture handbags, fine art, movie posters, vintage comics, sports collectibles, and autographs, among other items. Its divisions -- Heritage Rare Coin Galleries and Heritage Numismatic Auctions -- are some of the largest of their kind in the world. Heritage Auction Galleries has international offices in France, Germany, the Netherlands, and Switzerland. It was founded as Steve Ivy Rare Coin Co. in 1976 by Steve Ivy, and merged with then-rival Jim Halperin's company in 1983 to form Heritage Galleries of Dallas.
Heritage sells its consigned items through auction galleries in Texas, California, and New York. The company also offers Internet bidding and boasts more than 450,000 online users.
To expand its auction and sales operations, the firm in 2009 obtained a $35 million line of credit from Wells Fargo. Sovereign Precious Metals, part of Sovereign Bank, had formerly held Heritage Auction Galleries' line of credit, but it was disbanded after being acquired by Spain-based Banco Santander Central Hispano earlier that year. – less