B & W Coins and Tokens changes ownership

Stan Kipa, owner of Swiss Silver, took over the former location of Brampton’s B & W Coins and Tokens with a ‘totally fresh inventory and a totally fresh approach’ on June 1.

Brampton, Ont.’s B & W Coins and Tokens has changed hands following the retirement of its founder Willard Burton. The storefront, located at 345 Queen St. W., closed briefly during the transition but re-opened on June 1 under the ownership of dealer Stan Kipa, 51, with the help of fellow dealer Oliver Macinski. “The store has an excellent strategic location, and it should do very well,” said Kipa, who has previously sold bullion under his other business, Swiss Silver, and added Macinski will assist with “organizing, logistics and knowledge” for the new business. The Toronto-based auction house Auction Network purchased B & W Coins and Tokens’ inventory, which it estimated at about $500,000. A five-day liquidation sale was held on May 24-28; however, winning bid amounts were undisclosed. “We are not taking one penny or one piece of past inventory,” said Kipa. “It’ll be totally fresh inventory and a totally fresh approach.” Continue reading →

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