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Brief Show Report, no NEWPs :- (

Walkerguy21DWalkerguy21D Posts: 10,858 ✭✭✭✭✭
edited March 14, 2021 1:12PM in U.S. Coin Forum

I attended the monthly Melbourne (FL) coin show today.

I've attended this ~30 dealer show nearly every month, since moving here almost 20 years ago - and I have NEVER seen the show more crowded than today. I arrived 10 minutes late and there was still a line to get in.
I'm guessing that many of the attendees are of the age where they have gotten their Covid shots, and are feeling safer now - and want to add to their precious metals stocks and collections! They were checking temps at the sign in table, and enforcing the mask policy (as best they could - I saw a dealer with no mask, that was handed a mask by one of the promoters and told to put it on). The spacing/distancing 6ft rule was posted, but pretty much ignored. There was plenty of buzz - one fellow was chiding another for not answering his phone - the reply was "I can't hear it ringing in here!".

Far and away the biggest sellers was silver, in just about any form. I saw stacks (literally) of 10 oz bars going for $300 ea at one table. Another dealer friend had sold a PILE of rounds at $29 ea within one hour of the show opening to the public, and most of his junk silver coins were gone as well, including cull Morgans at $30 ea. We were recalling when they went begging at $15 each not so long ago. A dealer from J-ville that mans a large corner location with a helper that maintains a large stock of silver and gold was swamped the whole time - I couldn't get near enough to look at his coins.
I also saw some collector coins moving, mostly raw items, like Type, early Lincoln cents and some better Morgan dollars. There was little in the way of high end slabbed coins to choose from, and frankly much of the stuff was just....stuff. The dealers I talked to have been having very good shows (Chattanooga was mentioned multiple times, as well as the mid-sized Lakeland show), along with the often repeated mantra 'nothing nice has been coming in'....

As such, I couldn't find anything I wanted for myself or for stock. But I'm closing a deal with a forum member on a rather big coin for my walker set, so I'm still a little giddy from that anyway.

Saw an elderly couple trying to get an offer on approximately 3 dozen 'Morgan' dollars - all fakes. They appeared lightly circulated, dipped, and AT'd. But at least they're still silver, right? No - how do you know? Paul, bring the scale over here....see? Ugh - I really hate to see that!

Here's a photo of the bourse area, about 20 minutes after opening to the public:

Successful BST transactions with 170 members. Recent: Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug

Comments

  • 291fifth291fifth Posts: 23,717 ✭✭✭✭✭

    Are coin shows becoming bullion shows?

    All glory is fleeting.
  • yspsalesyspsales Posts: 2,025 ✭✭✭✭✭

    Interesting.

    Not sure I am ready for all that just yet.

    BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out

  • amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭

    The local Atlanta show I used to attend became that way a couple of years ago IMHO!

    @291fifth said:
    Are coin shows becoming bullion shows?

  • Walkerguy21DWalkerguy21D Posts: 10,858 ✭✭✭✭✭

    @amwldcoin said:
    The local Atlanta show I used to attend became that way a couple of years ago IMHO!

    @291fifth said:
    Are coin shows becoming bullion shows?

    I hope not, but I guess if it provides business for dealers it can’t be all bad.

    Successful BST transactions with 170 members. Recent: Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • Cougar1978Cougar1978 Posts: 7,189 ✭✭✭✭✭
    edited March 15, 2021 5:45AM

    Yes demand high for silver bullion material both shows and online. ASE, World Silver Bullion Coins you name it. They have more silver and are cheaper than generic slabbed Morgan Dollars which have date pops in the tens of thousands. Many of my world gold slabbed issues from the Nordic Hoard sold well too. With their low pops and History the have a lot to offer vs US which is much higher pop and more expensive.

    I had a large stock of Star Wars Niue silver bullion coins these sold out over the summer. Ditto for my Mexico Onzas. My slabbed 69 and 70’s did well too getting good strong money.

    Coins & Currency both US and World
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @Walkerguy21D .... Thanks for an interesting report. Bullion seems to be moving even more than I thought.... Glad to see the show was packed....As it should be. Cheers, RickO

  • SeattleSlammerSeattleSlammer Posts: 9,940 ✭✭✭✭✭
    edited March 15, 2021 6:27AM

    I like the STAexitMPS
    :)

  • jesbrokenjesbroken Posts: 8,699 ✭✭✭✭✭

    Thanks Greg. It's so nice to even see reports of coin shows again. Glad you were able to go.
    Jim


    When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln

    Patriotism is supporting your country all the time, and your government when it deserves it.
  • CatbertCatbert Posts: 6,257 ✭✭✭✭✭

    Heck with the show. I want to know what you’re after for your Walker set!

    "Got a flaming heart, can't get my fill"
  • MidLifeCrisisMidLifeCrisis Posts: 10,503 ✭✭✭✭✭

    Thanks for the show report. Sad about the elderly couple with the fake Morgans.

  • Walkerguy21DWalkerguy21D Posts: 10,858 ✭✭✭✭✭

    @Catbert said:
    Heck with the show. I want to know what you’re after for your Walker set!

    Member @Walkerfan knows the details....he was my consultant/advisor on the deal!

    Successful BST transactions with 170 members. Recent: Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • WalkerfanWalkerfan Posts: 8,662 ✭✭✭✭✭

    @Walkerguy21D said:

    @Catbert said:
    Heck with the show. I want to know what you’re after for your Walker set!

    Member @Walkerfan knows the details....he was my consultant/advisor on the deal!

    Glad that I could help. I think that you made a really good choice. It is your story, so I will leave it up to you to tell it, when you're ready. ;) Oh, and Thanks for the show report!! :)

    “I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~

    My Full Walker Registry Set:

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • johnny9434johnny9434 Posts: 26,999 ✭✭✭✭✭

    You'll get a coin next time ya go

  • SmudgeSmudge Posts: 9,053 ✭✭✭✭✭

    Thanks for your report.

  • divecchiadivecchia Posts: 6,459 ✭✭✭✭✭

    Thanks for the show report. I'm hoping to get to a show in April. Hopefully this time the date won't get moved out again.

    Donato

    Hobbyist & Collector (not an investor).
    Donato's Complete US Type Set ---- Donato's Dansco 7070 Modified Type Set ---- Donato's Basic U.S. Coin Design Set

    Successful transactions: Shrub68 (Jim), MWallace (Mike)

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