The first $1 million pledge in the American Numismatic Association?s $40 million fund-raising effort to put museums on both coasts and improve the one in Colorado Springs, Colo., was made by Steven L. Contursi, president of Rare Coin Wholesalers of Dana Point, Calif.
Steven L. Contursi
In return the ANA will name the main gallery in Colorado Springs the Steven L. Contursi and David Todd Griffiths Gallery. Griffiths is executive director of Rare Coin Wholesalers.
Contursi, who has owned some of the most important rarities in the business, has pledged to give $10,000 a month for eight years said Chris Cipoletti, ANA executive director Aug. 1. The monthly payments follow an initial $50,000 gift, making the overall pledge total $1,010,000.
Money to upgrade and expand the ANA museum is goal of fund-raising effort.
The ANA envisions a museum in the Old San Francisco Mint building, which is currently undergoing renovations, and another location in the Washington, D.C., area, which has not yet been revealed. The Colorado Springs facility will be upgraded.
Contursi?s initial gift of $50,000 was earmarked for San Francisco. The monthly funds come without restriction so that they can be used to help further the overall museum-building, fund-raising effort.
In the $40 million campaign, the ANA hopes to use $21 million for museums on the two coasts, $4 million in Colorado Springs and $15 million to cover the operating costs of all three for five years.