Well 40 minutes to go before the plane boards and heads back West. After a full pre-show where I did some buying as well as the full FUN show setting up Wednesday through the close on Sunday, I have to say it was a steady and solid show.
Several coins I purchased in the pre-show or the small number I picked up at the early auction sold at the main show. It’s interesting to me when that happens as it does provide me a gauge if I am making good decisions in buying quality. I would have to say it was a very successful show in that regard.
While there are always lots of reports from the big dealers, not as many from growing dealers like myself so understand each of us has a different point of view we come from.
There was more interest in trading up at this show, a trend I have been experiencing for several months now. Trades are a lot of fun for me and as long as the coins are desirable and reasonable win/win situations I enjoy doing them. There were a lot of requests for trades at the show and I did a lot of them.
Activity was steady and attendance I would rank at a B. From what I observed it was up a bit from a year ago. The really special rare coins did well. It was a treat to be on the Platinum floor as the 1913 Liberty Nickel sold with 3 serious bidders at the end. The high end Saints did well as did most silver series. Combined with the bourse I would say overall Copper was a bit soft as were classic earlier 20th Century issues like Buffalo’s, Mercury’s and Walkers. MS Barbers and Seated Liberty coins were not super active but seemed improved from a couple of months ago. On the other hand nice VF-AU examples of anything from the 1930’s on back aside from copper was in demand.
These “collector” grade coins are harder to get then ever and demand has definitely strengthened. I was trying hard to find some nice “original problem free” barbers and early walkers throughout the pre-show and did pick up a few pieces. Nearly all of them sold at the main show. However there was a neat group of about 16 AU coins I was fortunate to pick up and although 5 of those are already gone I will have a few newps to put up in the next few days on the website.
I found a handful of want list coins for customers so that was a nice feeling but not nearly as many as many as I had hoped too. Picked up some nice raw coins along the way as well.
It was a good show, and I think portends a positive start to the year. The coin market is alive and well based upon this show. We may have hit the bottom and are on the way up from here.
While there are certainly economic worries out there and a lot of work to do before a solid recovery sets in, things look a lot better now then a year ago.
New material is likely to begin to be more available as we move into Spring as prices remain stable and in some better areas rise from current levels for quality coins. Quality remains “King” and you should seek that out. The CAC coins continue to do well and there is a good reason for it. That 3rd party endorsement of the coin being an “A” coin for the grade is what collectors seek. I will have a group going in for review shortly although probably next week as my turn around to the Boeing Coin Club Show is only 3 days off. So after that the group will be sent out.
If you have any coins for your want lists let me know as I will be at San Jose, Kent, Washington and then Long Beach in the next 30 days. The search continues and I love the hunt!
Thanks to all of you for stopping by. That’s always the best part of any show….
Glenn