November 30, 1989 Mr. Dale Williams Williams Gallery, Inc. P.O. Box 18388 South Lake Tahoe, CA 95706 Dear Mr. Williams: From 1981 to 1983 I purchased investment grade coins from your firm with the intention of future sale for profit. Those early twentieth century copper, nickel, and silver coins were graded MS-65 and PF-65. At the same time I also purchased investment coins from other well-known dealers in the same grades. This year I wished to sell my holdings and sought the counsel of a local numismatic investment firm who advised me that all the coins should be graded by PCGS. I realized the grading standards have changed during the past eight years, and I was a bit worried that my investment would be affected. Fortunately for me, the grading standards did not change for Williams Gallery. The coins that you graded MS-65 and PF-65 in 1981 were graded by PCGS in 1989 at the same grade. Unfortunately, the coins I purchased from the other well-known dealers were graded two to four grades lower on every coin! As you know there is a large monetary difference between grades. I sold my newly certified Williams Gallery coins for substantial profits, and unfortunately sold the other pieces purchased from other dealers at significant losses. I believe my experience associated with the sale of my coins could help potential investors and collectors who are looking for an honest and reliable numismatic firm. Any person who uses Williams Gallery, Inc. for their numismatic purchases will be thankful and most probably, profitable for their decision in the future. You may use this endorsement as you deem appropriate. Sincerely, David P. Kaplan, D.D.S.

Letters of Recommendation

Why Williams Gallery?		Additional Information

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