Word has been received of the death of Steve Deeds, president of Morgan Gold, Los Angeles.
“It is with great sadness we say goodbye to Steve Deeds, who passed away (March 25) in Southern California,” wrote Ian Russell on the GreatCollections website.
Deeds, of Irvine, Calif., began his career in numismatics in 1963 managing a coin shop while he was still in high school.
“Many collectors and dealers dealt with him over his 50 years in the coin industry” Russell wrote. “His word was golden. He orchestrated some of the largest deals in coins; perhaps the most notable was the Redfield Hoard, which he purchased with two partners in the 1970s. This hoard contained over 500,000 Morgan and Peace dollars!”
Russell wrote that he remembered Deeds telling him about his early years operating a coin shop in New York City.
“In 1973 alone, he made over $100 million in coin sales,” Russell wrote. “Even 40 years later that is a staggering number; in 1973 it was unheard of. It was the beginning of a glorious career in the coin business that ended far too soon.”
Funeral arrangements were not known at press time.