FUN Show Day 2
My plane arrived 20 minutes early at MCO and after getting a taxi to the Convention Center, I was on the bourse by 11:15 am. I had wanted to sell some coins and I had dealers in mind for each of them, based on what we have traded between us in prior times. So I went to these dealers and sold most of the coins I thought I would sell to them at prices fair to both of us. At each stop, I was also looking to buy. One dealer had a bust quarter of my dreams, but alas it was $27K and I just don't want to go that high. Another has a stunning CC eagle that I am still thinking about. One of the dealers I did a trade with and came out with 2 stunning coins that I will image an post later in the week. These visits pretty much took until mid-afternoon. During that time I ran into UltraHighRelief and ldhair and we had nice conversations.
The rest of the afternoon I went to all of the regular stops for bust coinage - CRO, HLRC, Eye Appealing, David Khan, Osborn/Cushing, Fortin, Perkins, Winter, had nice chats with all. I saw some coins I might want to consider but I am waiting to see what walks up to tables - fresh bust quarters sold to these dealers that they put out on their display cases, before I make any more purchases. I did buy a nice barber quarter from tipsico out of Corvallis, OR (Go Beavers!!!), a 1905-O P50 CAC he had listed on ebay but I wanted to see it in hand. He had it, in hand it was great, so got it. Alex, the owner of tipsico is the only one I will buy raw from on ebay. His images are great, and he is honest in describing the surfaces (and cleaning if there was one), and his grades are conservative. I have been building a nice set of worn mercury dimes and alot of them come from him raw, send to PCGS and his grades are always spot on.
Quickly stopped by to say Hi to Insider2 around 5 pm. Nice to finally meet him in person.
Did my rounds with The Penny Lady, and Bluvette and his father. Always great to chat with them. Promised Charmy to bring a bottle of wine today for, of course, drinking.
Some of my perceptions from the show today:
Some of the dealers told me things were slow on retail at the show, some told me things were hopping. All said their wholesale buisness was doing well - so alot of dealer to dealer trading.
Really strong attendance. Lots of folks walking the floor, great buzzzzzzzz, but don't know if they are buying.
Hardly any green beaned coins. Most dealers of the stuff I like have a few % CACed coins. Some of the higher end are all CACed, some of the collector grade dealers have no CAC.
Colorfully toned, excellent surfaced, P/CAC bust quarters are few and far between, alas. Alot of pq bust halves though, maybe I need to change my direction ;-)
The bourse clearly shows the bifurcated market. Grey silver with no colored toning, no CAC, are selling, if they do, for much lower prices than CACed coins. Dealers are asking premiums of at least 30% over retail for the grade for CACed coins sometimes much more. And let me tell you it is worth it. I paid well over market for the 3 I bought yesterday, but I think the folks at my table today at the PCGS luncheon will agree during show and tell that they are stunners. So one can buy regular stuff under market, or one can by the uber pq coins but expect to pay up. I generally choose the latter these days. I haven't bought a coin at 'sheet in years, and don't plan on it.
There is a new bean company in town. These folks, whose buisness cards were laying around here and there on the bourse, will put a bit ole 'W' bean on your coin if it is a blast white MS coin. I am thinking here 'WHAT THE........?' Is there a point to this? We will see how long they last....... Is this you Ricko???
After the bourse closed, I met with some friends for our yearly dinner at a steak house. The Capital Grille, across the street was our destination, lots of talk about coins, some good discussion on 'The Wall' from both conservative and liberals alike. And no one got mad at each other with differing views, if only folks higher up would be that way. But a great time, we took 3 hours to go through the dinner, pinot noir from Oregon, great steaks and seafood, and excellent service. 5 stars to Capital Grille.
Finally at 10 pm, back at the hotel, I was fortunate to share the elevator with THE Q David Bowers and Christina Karstedt. I had a wonderful 20 seconds of chatting with them. David, as soon as we got in the elevator, introduced himself and shook my hand, what a gentleman. Then we chatted (quickly) about the show, we were all in good spirits. Now if only Roger would be here so I can have an elevator ride with the other great numismatic author of our time......
Off to JRCS meeting, PCGS luncheon today, more boursing, etc. Report back tomorrow.
Successful transactions with - Boosibri, lkeigwin, TomB, CRO, EagleEye, ianrussell (@GC), ThePennyLady, Broadstruck, coinsarefun, Type2, jom, ProfLiz, UltraHighRelief, Driggs, Barndog, EXOJUNKIE, WDP, RYK, tdiaz1979, ldhair, Dawg144
Hard Times Everyman Bust Quarters
Hard Times Early Quarters
Hard Times Everyman Barber Quarters
Hard Times US Silver Showcase