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Kenneth A. Smaltz Sr. Foundation Hosts Annual Fete
Kenneth A. Smaltz Sr. Foundation Hosts Annual Fete
Kenneth A. Smaltz Sr. Foundation Hosts Annual Fete Benefiting Alzheimer’s Care and Research On July 20, 2013, friends of entrepreneur and philanthropist Kenneth Smaltz gathered at his home in Freeport, NY for his Annual Backyard Barbecue Bash to raise funds for the Kenneth A. Smaltz Sr. Foundation(KASSRF).   Named in honor of his father who suffers from Alzheimer’s disease, the foundation provides support for people living with dementia and their families and caregivers, and provides leadership in policy and services. The Roaring ‘20’s themed bash benefited the foundation’s scholarship fund for families who cannot afford to send their loved ones to local care centers for people with dementia. The host committee included Cherine Anderson, Cora Masters Barry, Ron Donovan, Mel Francis, Angie Hancock, Diana Hilson, Dan Johnson, Margo Lewis, Gail Marquis, Jennifer Matthews, Zina Phillips, Tiffani Scott, Audrey Smaltz, Antionette Stewart, Jocelyn Taylor and Reginald Van Lee. Read Entire Article...
Realm of the Coin
Realm of the Coin
Ken Smaltz is a master collector–of customers. Smaltz sees rare coins as more than just a schoolboy’s fleeting obsession. With gold rising to a 16-year high, rare coins have appreciated 20% over the past two years. By Elaine Pofeldt   Read Entire Article...
Crain’s New York
Crain’s New York
A rare-coin venture that makes cents Kenneth A. Smaltz dropped out of NYU to work for a coin company in Manhattan in 1984, quickly becoming a top coin salesman. Then a bad mix of high living and a slow economy landed him deep in debt and unemployed in the early ’90s. In 1997, a chastened and wiser Mr. Smaltz came back. Not wanting to have his furniture and art repossessed a second time, he now runs a rare-coin venture, Kenneth A. Smaltz, Inc., through a profit-splitting arrangement with New World Rarities. By partnering with a $25 million coin dealer with 30 employees in three locations on Long Island, Mr. Smaltz reaps the benefits of his own superior sales skills without risking the overhead that comes with establishing his own shop. His sales have increased 50% in each of the last two years, and he expects revenues to reach a...
The Network Journal
The Network Journal
Kenneth A. Smaltz Jr.’s story is one of riches-to-rags and back to riches again. A New York University dropout in 1984, Smaltz went to work for MBT Banking, a New York company that sold rare coins. Working long hours in the shipping department, Smaltz proved his worth and, in two years, was promoted to a sales job, earning $82,000 a year. For a man in his early 20’s, his luck was almost too good to be true. He lived the high life, running up debt and neglecting to save. Then, came the crash. In 1990, the recession forced MBT to lay off workers, and Smaltz found himself with a pile of bills and without job. Smaltz started working his way back to solvency by taking a job with rare-coin dealer Hancock and Harwell in Atlanta, GA. He became vice president of sales, achieving 130 percent of annual targets. After...
Black Enterprise – Year 2001 March Issue
Black Enterprise – Year 2001 March Issue
Kenneth A. Smaltz has always had trouble telling people what he does for a living. While “rare coin dealer” rolls nicely off the tongue, inquiring minds always seem to come back with the same response: “You do what?” “Becoming a coin dealer wasn’t something that was part of my [career] plan,” says 37-year-old Smaltz, owner of Nissiquogue, New York-based Kenneth A. Smaltz Inc., which sells rare U.S. coins and precious metals. “I sort of fell into it.” Smaltz’s career path is a lesson in resiliency, hard work, and good luck. In 1984, at age 20, the Queens, New York, native had just been laid off from his job at an electronics company. With only one year at New York University as a business major, he was sent by an employment agency to MTB Banking Corp., a rare coin firm in New York. Smaltz was offered a job in the...
NewsDay
NewsDay
A rarity among rarities, Kenneth Smaltz Jr. is one of a few black business owners in the rare-coin market. CARRIE MASON-DRAFFEN. STAFF WRITER.  
May 13, 2005 New customers often do double takes when they meet Kenneth Smaltz Jr., a rare-coin dealer in Garden City. That’s because Smaltz himself is a rarity in the industry: He’s an African-American who owns a rare-coin business. “It’s always in the back of your mind that when you meet someone of another ethnicity, that they might have second thoughts about me being African-American,” said Smaltz, who owns the 8-year-old K. Smaltz Inc. But Smaltz’s self-confidence doesn’t allow him to linger on that point too long. “I know what my expertise is,” said Smaltz, 42. “I am good at what I do.” What the Jamaica, Queens, native does is buy and sell rare coins in a $3-billion to $5-billion industry, whose players run the gamut...