MORE ON LARRY MILLER AND HIS COLLECTION

The late Larry H. Miller's coin collection will be auctioned off to benefit the second Primary Children's Hospital, planned for Lehi, and it's a lot more than a few nickels and dimes.

The estimated value of the nearly 1,600 coins is more than $25 million, according to Stack's Bowers Galleries in Santa Ana, Calif., which will conduct the auction. The donation will be part of the $50 million the Miller family announced it is giving to the project in January.

According to the company, when Miller — who built a business empire that includes 65 car dealerships in seven states, the Megaplex Theatres chain and the Utah Jazz — died in 2009, he left instructions that his coin collection be sold. But his widow, Gail Miller, "knowing how much they meant to him ... could not bear to part with them." But she has now decided "it was time to do something else with the value invested in the collection," according to a press release, with the proceeds from the sale going to the new hospital.

Intermountain Healthcare's Primary Children's Hospital campus in Lehi is scheduled to open in 2023. Built on 38 acres near 3300 West and 2100 North, it will include a five-story, 468,000-square-foot hospital and a three-story medical office building.

To read the complete article, see:
Larry H. Miller's coin collection, valued at more than $25 million, will be sold to benefit new Primary Children's Hospital (https://www.sltrib.com/news/2020/09/14/larry-h-millers-coin/)

The donation was reportedly the largest in the family's history that includes many philanthropic efforts. The hospital, which is a part of Intermountain Healthcare's $500 million plan for a national model health system for children, is expected to open in 2023.

It's rare but not heard of for rare coins and coin collections to go solely toward charity. In 2015, and on the heels of the viral "ice bucket challenge," the Stack's Bowers Galleries facilitated a coin collection auction for ALS research from a collector who had been diagnosed with the disease, commonly known as Lou Gehrig's Disease.

Sometimes it's not known where the proceeds go toward, but many clients are also involved in philanthropic efforts, Kendrella said.

"I think this one's unique in terms of the size, the value and notoriety of Mr. Miller in general," he said. "I think the collection is incredible (and) obviously what they're using the proceeds for is — I'm not even sure I can find the right words. It's very admirable and honorable."

It's not the only community commitment announced by the Miller family and the company this year. In August, the company announced it would turn Vivint Arena and a few of its Megaplex theaters in Salt Lake County into polling centers for the November election. It was announced Aug. 28, along with other NBA teams as a joint agreement from the league and the NBA Players Association to address social reform.

To read the complete article, see:
(https://www.ksl.com/article/50017135/larry-h-miller-quietly-built-a-large-coin-collection-valued-at-25m-now-its-being-sold-for-charity)

	NBS (coinbooks.org) Web