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Montgomery to consult on liquidation

Former CEO of Bowers and Merena Galleries, Paul Montgomery, was tapped in April to serve as a consultant by the legal firm that the U.S. District Court in Dallas, Texas, has appointed to act as receiver for the busted Caribbean banking empire of the Stanford Financial Group Companies, which was seized by regulators in February.

As much as $8 billion may be missing for the banking clients, but one asset owned by the group is a numismatic operation called Stanford Coins and Bullion and it is to advise on its liquidation that Montgomery was hired by attorney Ralph S. Janvey of Krage & Janvey, LLP in Dallas.

Montgomery of Katy, Texas, will deal with a coin inventory that includes an a 1795 Capped Bust Heraldic Eagle $5 gold piece graded MS-62 by the Professional Coin Grading Service.

Montgomery is perhaps best known to readers of Numismatic News for his offer of a $1 million reward to find the then missing fifth 1913 Liberty Head nickel. The publicity the offer received started a chain of events that led to the coin being rediscovered by the hobby and placed on display with the other four nickels at the 2003 American Numismatic Association convention held in Baltimore.

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