Federal Coin Exchange / Federal Brand Enterprises. NUMISMATIC AUCTION CATALOGUES. Cleveland, 1946-1967. Thirty-seven sale catalogues, being Adams 2, 4, 6, 8-39 and 41-44. Varying card covered formats. Eight with prices realized lists. Generally near fine. A difficult series to collect, with many scarce catalogues. The company was founded by Michael Kolman as Federal Coin Exchange and is generally regarded as a second-tier firm, though they conducted three ANA sales (1954, 1957 and 1964), all of them present in this lot. As discussed by Gengerke, the firm split in 1961, with the auction business continued by Kolman as Federal Brand Enterprises and a retail operation run by Ed Kolman as Federal Coin Exchange. The latter was continued after Ed Kolman's retirement, and that iteration of the business conducted at least one auction that is not considered part of the present series.