TNAG-0717-FCO40-914-Banking-and-monetary-matters-in-the-Dependent-Territories-is-1978 — Page 27

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Italy, Switzerland, US, Venezuela and West Germany. Sales are

made through some 50,000 bank branches in Europe and through mail

order and credit card facilities in Europe and the US.

3. WORLD COIN CORPORATION

President:

Registered in Panama

Robert R. McGrath

David C. McGrath

Director:

Believed to be marketing company only. Most orders for

production are placed with Franklin Mint, but Royal Canadian Mint

is also favoured. World Coin is a part owner of Paramount Coin

Corp., and between them they claim to have some 80% of the

collectors' market.

4. PARAMOUNT INTERNATIONAL COIN CORPORATION

Registered:

Capital:

Reserves:

Total Assets:

Sales (1975-1976)

President:

Eaglewood, Ohio

$1,000,869 (June 1976)

$5,423,926

$14,788,247

$27.5 mn.

Max J. Humbert

Raymond N. Merena

Gen. Manager:

Director:

UK Subsidiary:

Robert McGrath

Paramount International Coin Ltd.,

London

Paramount is principally a marketing company specialising in

commemorative issues struck in silver and gold. During 1975-76 the

Corporation conducted marketing programmes for 25 countries,

including France and the Soviet Union. In recent years it has

diversified into philatelics, notaphily and general works of art.