Noted numismatist Michael “Miles” Standish — who served separate stints grading coins at ANACS, Professional Coin Grading Service and Numismatic Guaranty Company — died unexpectedly in Austin, Texas, on July 11 at age 58.
A Kalamazoo, Michigan, native, Mr. Standish became a numismatic professional at age 17 in 1982 when he traveled to the National Silver Dollar Show in Houston setting up his first table for buying and selling coins.
Mr. Standish published numerous award-winning articles and books, including the reference Morgan Dollar: America’s Love Affair with a Legendary Coin, and co-authored with retired U.S. Mint Chief Engraver John M. Mercanti the reference American Silver Eagles: A Guide to the U.S. Bullion Coin Program.
Mr. Standish’s other notable accomplishments include creation of the first encapsulated holder housing a U.S. coin and presidential autograph, and his planning and implementation of an innovative marketing and merchandising program to maximize the sales of the 50 State quarter dollars by devising an encapsulated coin holder with a State quarter dollar and the corresponding state flag.
In 2011, he was honored by then-Mint director Moy with the coveted “Director’s Coin for Excellence” medal.
Starting in 2015 while employed as NGC vice president, he spearheaded numerous modern coin certification programs for collectors and dealers.
Mr. Standish stepped down from his position at NGC in 2022, to form Miles Standish LLC for the development of designated projects, including additional books. Mr. Standish was dedicated to several philanthropic endeavors, including the American Numismatic Association and the Standish Foundation for Children, which targets children’s healthcare needs; his wife, Andrea Mangione Standish, is the founder and president.
We started advising clients on the benefits of owning physical gold and silver the week after the Crash of September 29th, 2008. Personally, I have been transitioning at least 10% of my monthly income into physical silver and gold bullion since 1994. If it hadn’t been for the silver I had accumulated before the crash, I might not be where I am today. On that fateful day, the average American lost 41% of their net worth that very afternoon; myself included.
Two days after the crash, I went to the private vault that I still use to this dayand removed $50K of the ‘then’ market value of the physical silver. Considering my average cost basis of what I had paid for it over the years, verses what it was worth now, the pain of what I was about to do wasn’t that bad. The next day I took it to my bank as collateral for a $50K line of credit so as to continue operate on. After the crash, no bank was extending credit or lending anything. My point is that the metals did exactly what they have been designed to do for over 5000 years and counting… Because they have intrinsic value, are the best hedge against inflation you can have, absolutely have a store of value, historically go up in value most every year, are not subject to bank runs, have no counter-party risk like the Dollar, and the fact that you can liquidate them anywhere in the world for around the given market price… my silver saved me when I needed it.
Now where in the marketplace can you get all of that in anything else??? Nine months later I went back to the bank, wrote them a check for $50K plus the interest on that note to date, and walked out of that bank with my $50K in silver. The fact that the value on the silver had gone up around 12% over those nine months actually made me smile.
There’s opportunity in chaos. When the Central Banks (which includes the Federal Reserve) does decide to hit the button on the new financial reset, the people that own physical gold and silver assets will be the ones to truly prosper during that time.
Please take a few minutes and watch the brief video below and to read the PDF. Write down all of your questions, then reach out to us for a free telephone consultation by going to the “Contact Us” tab and fill out your info and we’ll get back to you within 24 hours to schedule and confirm your appointment.
With everything going on in the world today, I don’t know how anyone can sleep at night if they don’t own gold and silver. We hope to hear back from you soon. Thank you!