User:Coryd00ras/sandbox

Monetarium

Monetarium was a famous numismatic department of Credit Suisse #REDIRECT Credit Suisse.

Numismatics #REDIRECT Numismatics has played a role at Credit Suisse (CS) #REDIRECT Credit Suisse in Switzerland since the early 1960s. Within the foreign exchange department of the bureau de change, in addition to trading in gold bars and gold coins, more and more attention was paid to the purchase and sale of collector's items (numismatics #REDIRECT Numismatics) and a coin warehouse was set up. In May of 1963, CS #REDIRECT Credit Suisse was one of the first Swiss banks to send out a stock list of modern gold coins and gold medals.

Since early 1969, employees with numismatic expertise are being recruited and a numismatic department was created within the bank. The name Monetarium chosen for the new department was the result of a staff competition. At the beginning of the 1990s, Monetarium's had around 2,500 clients.

In 1990, Credit Suisse #REDIRECT Credit Suisse took over the Zurich-based Bank Leu, which also had a numismatic department. In 1996, the management decided to merge the two numismatic departments with effect from 30 June 1996. A few years later, the numismatic departments of all Swiss banks were closed.The reason given was that numismatics was not part of the banks' core business and there was no longer any demand or interest for numismatics #REDIRECT Numismatics.

Monetarium was a member of the Association of Swiss Coin Dealers and the IAPN (International Association of Professional Numismatists). Today, the Monetarium is an independent company in the hands of private shareholders and is located in Zürich, Switzerland.