MNS Milwaukee show report with a few photos

pcgscacgold

Just got back from the show. As I expected it was a raw buyers show. Nearly every dealer had their 3 ring binders and trays out. Lots of cleaned up coins for the show. Some dealers had things accurately graded and/or marked details/cleaned. Others left it to the buyer to beware. Some overlap of dealers from the Sheboygan show. Some new, local guys from the club. A couple bigger market dealers from the Chicago area showed up and were busy buying. Largest dealer to dealer buy I saw was $17,000 for some graded US Mint products.

My want list had Daniel Carr restrikes and a lightly cleaned Type 2 Liberty Double Eagle for a restrike with DC. I was not surprised that neither were checked off my list. It was still fun to go and talk with dealers. I didn't stay as long as I wanted to. There was less than 5 feet between isles. If there was a person at tables on each side of isle, you couldn't get through. I am already looking forward to the Spring Central States show and the ANA next August.

A dealer with MS69 ASE's from 2012 and 2014 (S) was doing well. He was selling them at $32 each. While I was at his table 25 were sold to two people. I am sure he ran out after about an hour of the show being open. Most dealers had raw ASE's at $30-35. Generic rounds at $26-30. Not a lot of 90% at this show. Only a few dealers with it out. The same Sheboygan dealer was there with bullets ($35), bars ($260), rounds ($26) etc priced as there were before (photo below).

People were buying gold like crazy. Everyone was asking about 1/10 oz AGE's. I did not see any pre-33 gold sell. Everyone was after the AGE's. A man and woman bought 20 1/10 oz coins while I looked at other gold coinage. They were priced at $220. As they were buying two other people asked about 1/10 oz as well. Hot item I guess. The way it was moving maybe we will see a drop soon. I wouldn't mind that. I was tempted by the pile of Swiss 20 Franc raw coins (maybe 50 of them in AU) at $335 but passed. I don't know those well enough. I do want to add some foreign gold at some point.

There were two larger dealers there from the Chicago area. They had some CAC gold on display (photos below), nothing that I needed for my sets.

Currency was really popular. A few $500 ungraded bills changed hands and many people were going thru bins of bills. Much more activity then I remember seeing in the past.

Junk bins were as popular as ever. Each table that had one had a person digging. There were not as many people selling their collections today.

Here are just a few random photos. I could have taken 30 more of tables with 3 ring binders/trays/displays of raw coins. Not as many graded Morgan's out today. A lot of raw Peace Dollars for sale. I did not see a single graded coin sold in the time I wandered around.

Enjoy and thanks for getting to here.

Tibor

Thanks for the report. Good to see the note books filled with coins. Always fun to add to the danscos.

asheland

Great report and pictures! Love that slabbed gold case.

vulcanize

Very nice. Very similar to the show in Orange that I used to attend while in CT.

Smudge

Thanks for your report.

Walkerguy21D

Thanks for posting, and love the dealer displays.

pcgscacgold

@Walkerguy21D said:
Thanks for posting, and love the dealer displays.

A display does go a long way. I almost bought several gold Swiss 20 Franc's and I don't even collect them. Seeing so many laid out look nice.

fishteeth

I spent a couple of hours at the show. Biggest problem was the isles. Way too small. We are in Wisconsin land of cheese and beer. People are big here. impossible to get down the rows and spend anytime looking.

90% best sell price I found was 19x and buy price at 18.3x. Nothing at the show to add to more core collection but did pick up a few interesting pieces

Added this to my box of gold

pcgscacgold

@fishteeth said:
I spent a couple of hours at the show. Biggest problem was the isles. Way too small. We are in Wisconsin land of cheese and beer. People are big here. impossible to get down the rows and spend anytime looking.

Not to mention the Friday night Fish Fry's and Kopp's Frozen Custard.

Glad you found a few things.

fishteeth

Kopps is great. Love the burgers

291fifth

Are average collectors walking away from the slabbed coin market? Is album collecting experiencing a resurgence?

Collecting interest is still there, no doubt about that, but its direction may be changing. Are average collectors tired of paying for "opinions" and "stickers"?

pcgscacgold

@291fifth said:
Are average collectors walking away from the slabbed coin market? Is album collecting experiencing a resurgence?

Collecting interest is still there, no doubt about that, but its direction may be changing. Are average collectors tired of paying for "opinions" and "stickers"?

Part of it could also be that raw can't be bought online. I have a SLQ book that I buy for every so often. I would never buy those online but do pick them up at shows. For me slabs are easier to pick out when I can spend time looking at it. The lighting at this show was awful.

pcgscacgold

I saw a post about CC Morgan's and remembered I had taken a picture of those as well. Here they are along with another photo I didn't post. Love that group of Swiss Francs.

RichieURich

Nice report, thanks for posting it!

amwldcoin

Why do you say Raw can't be bought online????

@pcgscacgold said:

@291fifth said:
Are average collectors walking away from the slabbed coin market? Is album collecting experiencing a resurgence?

Collecting interest is still there, no doubt about that, but its direction may be changing. Are average collectors tired of paying for "opinions" and "stickers"?

Part of it could also be that raw can't be bought online. I have a SLQ book that I buy for every so often. I would never buy those online but do pick them up at shows. For me slabs are easier to pick out when I can spend time looking at it. The lighting at this show was awful.

pcgscacgold

@amwldcoin said:
Why do you say Raw can't be bought online????

@pcgscacgold said:

@291fifth said:
Are average collectors walking away from the slabbed coin market? Is album collecting experiencing a resurgence?

Collecting interest is still there, no doubt about that, but its direction may be changing. Are average collectors tired of paying for "opinions" and "stickers"?

Part of it could also be that raw can't be bought online. I have a SLQ book that I buy for every so often. I would never buy those online but do pick them up at shows. For me slabs are easier to pick out when I can spend time looking at it. The lighting at this show was awful.

Ok, let me rephrase that. I mean bought "safely" online by very inexperienced buyers.

amwldcoin

You statement of very inexperienced buyers is an oxymoron. Those are the types many shady coin show dealers hope for.

@pcgscacgold said:

@amwldcoin said:
Why do you say Raw can't be bought online????

@pcgscacgold said:

@291fifth said:
Are average collectors walking away from the slabbed coin market? Is album collecting experiencing a resurgence?

Collecting interest is still there, no doubt about that, but its direction may be changing. Are average collectors tired of paying for "opinions" and "stickers"?

Part of it could also be that raw can't be bought online. I have a SLQ book that I buy for every so often. I would never buy those online but do pick them up at shows. For me slabs are easier to pick out when I can spend time looking at it. The lighting at this show was awful.

Ok, let me rephrase that. I mean bought "safely" online by very inexperienced buyers.

ricko

@pcgscacgold.... Thanks for the report and the excellent pictures. Great gold displays... I would have spent a lot of time (and likely cash) at those tables. Cheers, RickO

Ahrensdad

Great report. Thanks for sharing. Good pictures as well.

coinandcurrency242

Looks like plenty of gold coins for sale

Cameonut

@fishteeth said:
Kopps is great. Love the burgers

Agree, when I lived in Greendale, Kopps was a regular stop. Another good custard stand is Adrian's in Burlington, right on Hwy 36 near downtown (not the bypass).

Now that I relocated to NC, there really aren't any good custard stands around. The few that are here don't hold a candle to the Milwaukee area offerings. So I've devised a recipe to make my own frozen vanilla custard. Lots of work cooking the custard, and then freezing it in a (now discontinued) Cuisinart ICE-50BC commercial machine. MMMMM good with hot fudge, toasted pecans, and whipped cream (cherry optional).

pcgscacgold

@Cameonut said:

@fishteeth said:
Kopps is great. Love the burgers

Agree, when I lived in Greendale, Kopps was a regular stop. Another good custard stand is Adrian's in Burlington, right on Hwy 36 near downtown (not the bypass).

Now that I relocated to NC, there really aren't any good custard stands around. The few that are here don't hold a candle to the Milwaukee area offerings. So I've devised a recipe to make my own frozen vanilla custard. Lots of work cooking the custard, and then freezing it in a (now discontinued) Cuisinart ICE-50BC commercial machine. MMMMM good with hot fudge, toasted pecans, and whipped cream (cherry optional).

I have been to Adrian's many times (on the way home from Baseball games at Burlington and Lakeland Little League.

Burlington, the home of Tony Romo.

RYK

Nice report and great photos. How much was the dealer asking for the 28 Saint in OGH/CAC 66?

messydesk

@Cameonut said:

@fishteeth said:
Kopps is great. Love the burgers

Agree, when I lived in Greendale, Kopps was a regular stop. Another good custard stand is Adrian's in Burlington, right on Hwy 36 near downtown (not the bypass).

LeDuc's out in Wales was always good in the 80s. I see it's still there, so it must still be.

Now that I relocated to NC, there really aren't any good custard stands around. The few that are here don't hold a candle to the Milwaukee area offerings. So I've devised a recipe to make my own frozen vanilla custard. Lots of work cooking the custard, and then freezing it in a (now discontinued) Cuisinart ICE-50BC commercial machine. MMMMM good with hot fudge, toasted pecans, and whipped cream (cherry optional).

A VAM friend of mine opened up a custard place in Boone, NC, a few years back. I don't think it's still there, though.

pcgscacgold

@RYK said:
Nice report and great photos. How much was the dealer asking for the 28 Saint in OGH/CAC 66?

I am not sure. That was either Costa's Coins or Harbor Coins both out of Chicago area. Both have websites though I don't know if they list individual coins.

vplite99

Thanks for the report and pictures.