Born on a Missouri farm. Married to Elsie with a daughter. He was at one time a farmer near King City, Missouri. He plowed up a two cent piece that led to his interest in numismatics. He was a Utah amateur champion in golf and bowling.

He became a coin dealer in 1915 in Colorado Springs. He moved to Salt Lake City in 1926. He was a founding member of the Utah Numismatic Society. In the 1930's he had the opportunity to buy 3000 pounds of 1931-S cents shipped to the Federal Reserve Bank in Salt Lake City. He could only afford to buy a single bag. He conducted 70 auction sales 1925 to 1958. He retired in 1983. Shultz joined the ANA in February 1918.

He was named a Numismatic News Numismatic Ambassador in 1980

In 1984 he was elected to the ANA Numismatic Hall of Fame. In 1986 he was honored for longest continuous ANA membership. He was honored by Popular Mechanics as their longest running advertiser. He died in Salt Lake City.

profile: NN:WWH 5/12/1977;

CW 12/25/1985; NN 4/2/62 obit: CW 8/25/1971 (photo), NUM 101 Oct 1988 page 1826