Spink & Son

Last updated

Spink and Son Ltd
Company type Private
Industry Auction
Founded1666;358 years ago (1666)
FounderJohn Spink
Headquarters London, United Kingdom
Key people
Olivier Stocker
(Chairman & CEO) [1]
Divisions Spink China
Spink Singapore
Spink Switzerland
Spink UK
Spink USA
Website www.spink.com

Spink & Son (established 1666) is an auction and collectibles company known principally for their sales of coins, banknotes and medals. They also deal in philatelic items, wine and spirits, and other collectible items.

Contents

History

John Spink founded a goldsmith's and pawnbroker's business near Lombard Street, London, in 1666. [2] The Great Fire of London caused a temporary relocation before Spink returned to the rebuilt Lombard Street.

In January 1778, Marshall Spink was apprenticed to John Flude at 2 Gracechurch Street where they brokered pledges of jewellery, coins and other household furnishings. [3]

In April 1785, Flude presented the Dartmouth Medal to Dartmouth College, New Hampshire "as a memento of his attachment to the United States of America and expressive of its future glory". [4] At least three craftsman are determined to have worked on the medal, probably including his apprentice Marshall Spink. [4]

In 1793, Flude retired and left Marshall in charge of the premises at Gracechurch Street, and a second pawnbroking business in Windsor. [3] In 1807, his son Daniel was apprenticed to the family firm, and Spink & Son was instituted. [3] After 1800, other premises were opened in Barbican and at Great Surrey Street but all were closed by 1812. 2 Gracechurch Street became the principal address for the firm for the remainder of the 19th Century. [3]

Spink & Son are recorded as numismatic auction agents and commission bidders as early as 1818. They were retailers of commemorative medals by March 1826. [3]

By the 1830s, Spink was dealing in art, porcelain and bronze sculptures. [3] Spink would be commissioned to produce a presentation wooden casket to contain the Freedom of the City of London for Dr David Livingstone in 1857. [5]

Spink offices in Southampton Row Spink (6264126151).jpg
Spink offices in Southampton Row

In the 1880s, they bought the Soho Mint and began to design and manufacture medals, gaining a Royal Warrant from Queen Victoria in 1887. [2] Spink won the Gold Prize for Numismatic and Medal display at the Jamaica International Exhibition in 1891, [3] and offered its showroom to Sir Malcolm Fraser for the display of 6,886 ounces of recently mined gold ore from Bayley's Reward Claim, Coolgardie, on behalf of the Government of Western Australia. The exhibition ran between 2 and 14 April 1894. [6]

The 20th Century saw the firm's relocation to King Street and close partnership with Christie's auction house, who would eventually acquire the firm in 1993. [7] Global expansion continued with new offices opening in New York in June 1981 [8] and Melbourne, Australia in October 1981. [3]

On 20 March 2000, Spink & Son moved its London headquarters to 69 Southampton Row where it continues operations today. Christie's sold its remaining interest to the present ownership in March 2002. [9] [10] [11]

Publishing

In 1996, Spink took over the entire publishing division of B.A. Seaby Ltd., [12] publishers of the Seaby Coin & Medal Bulletin.

Spink is well known for its annual Standard Catalogue of British Coins price guide and handbook, also part of the Seaby acquisition and founded in 1929. Already in 1962 it had been split in two parts, I. England and United Kingdom and II. Coins of Scotland, Ireland and the Islands, in annual editions and with black and white photos of the coins, and in 2007 it was converted to colour printing with newly-taken coin photographs. [12] Later on, Volume I. was split further into Coins of England & the United Kingdom, Pre-Decimal Issues (2024: 59th edition), and Coins of England & the United Kingdom, Decimal Issues, both edited by Emma Howard.

In April 2024, the Spink's "Coins of England & the United Kingdom, Pre-Decimal Issues", "Coins of England & the United Kingdom, Decimal Issues" and "Coins of Scotland, Ireland and the Islands, including Anglo-Gallic Coins", were acquired by Sovereign Rarities Ltd. The acquisition by Sovereign Rarities Ltd will see the next edition for 2025 produced under their branding for the first time. [13]

Auctions

The first recorded auction held by the company was undertaken by Marshall Spink at the Red Lion Inn in Staines, Middlesex on 20 March 1792. [3]

The principal business remained pawnbroking and sales were soon outsourced to other companies in the first half of the 19th Century. [3]

Soon after William John Webster, Inspector to the Royal Mint and Leonard Forrer joined the firm, Spink created a fixed price periodical for the sale of collectable coins. [3] The Numismatic Circular was issued monthly from December 1892 until January 2014, when it was discontinued in favour of a quarterly auction format for selling coins. It was "the oldest continually published coin and medal catalogue". [2]

Webster provided cataloguing expertise to Sotheby's and Glendining auctions in the 20th Century before auctioneering returned in house in 1978. [3] Spink holds numerous auction records across numismatics, philately and phaleristics including:

Coins

Medals

Spink staff at autumn Stampex 2015 Spink staff at autumn Stampex 2015.jpg
Spink staff at autumn Stampex 2015

Stamps

Banknotes

Since January 2003, [52] Spink has partnered with the Bank of England to offer low serial number banknotes and raise money for charity when new designs are issued. [53] In November 2022, it was announced that the NatWest Group were offering their own paper money archives to raise funds for the Trussell Trust. [54] [55]

Covid-19

Following Prime Minister Boris Johnson's announcement of lockdown measures in the United Kingdom on 23 March 2020, Spink was the first numismatic auctioneer in the world to pioneer a successful 'hybrid' sale where every bidder participated virtually. [56]

In July 2020, it was announced that Spink had remounted the campaign medals of Captain Sir Thomas Moore. [57] [58]

In 2022, the Antiques Trade Gazette announced that Spink was the leading auction firm in London for coins and medals. [59]

Khmer antiquities probe

In 2021, prosecutors and investigative journalists probed Spink & Son's historic relationship with antiquities trafficker Douglas Latchford, in relation to his false documentation of Khmer antiquities, sometimes together with Emma Bunker. [60] [61] [62] Latchford was indicted, but Spink & Son as a separate entity under new management was not charged. [63]

Staff

Over several centuries, many notable numismatists and auction specialists have worked at Spink, including:

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References

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  2. 1 2 3 Our History. Spink & Son. Retrieved 10 July 2020.
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