The American Numismatic Society has broken ground on a $25 million Money Museum in Toledo, bringing the world’s largest coin and currency collections to the Glass City.

The museum will occupy the historic Art Deco Professional Arts Building, directly across from the Toledo Museum of Art. Renovations are expected to wrap in early 2028, with the museum opening to the public by the end of the year, The Blade reports.

The Money Museum will house one of the world’s largest collections of coins and currency — what American Numismatic Society executive director David Hendin Wartenberg Kagan calls “one of the great collections of the world together with Paris, Berlin, and London.” The Professional Arts Building, constructed in 1938 and previously renovated by the Toledo Museum of Art in 2000, will be transformed into gallery and exhibition space with educational programming; the first special exhibit will trace automotive history in the 1940s and ’50s through art medals.

Toledo beat out Chicago, Philadelphia, and Ann Arbor to land the museum. Soaring Manhattan lease costs pushed the society out of New York, and the society is raising $20 million toward the $25 million renovation. Pairing one of the world’s great coin collections with the world-class Toledo Museum of Art makes the Old West End a double-draw destination — a cultural and economic win for the Glass City. “We’re going to have a new partner in the artistic and art-historical ecosystem here that will drive people from all over the country and all over the world, making Toledo more and more of a stop,” Toledo Museum of Art director Adam Levine told The Blade.

Vintage Toledo Museum of Art postcard, published by The Blade via Digital Public Library of America.