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St. Charles Show Report (MNSC)

Pnies20Pnies20 Posts: 2,057 ✭✭✭✭✭
edited July 24, 2022 8:01PM in U.S. Coin Forum

Every year I go to the Missouri Numismatic Society Convention in St. Charles. The convention center hosts it every year and it is attached to the Embassy Suites. Very solid hotel. Rooms are always clean and the staff is always friendly. Open bar from 5-7 is always a good time, too.

This year I drove up Friday and spent the night. The show had roughly 130 dealers set up. I believe it boasts 150 but there were several dozen that weren't there or had left early. As one could guess, prices were high to take advantage of the current market. I usually see a lot of new early type material at this show, but it inventories seemed pretty low. The ones that did have the material made you pay through the nose. There was significantly less traffic compared to the past few years (I missed 2021 not even sure if they had it due to covid). By the time lunch time hit on Saturday, it was becoming a ghost town. I hated to see that as I usually see young folks and people new to the hobby milling around.

I did see a few familiar faces and a dealer from Iowa that had some coins I was hoping he didn't sell since the Winter FUN show. He still had them but dangit he raised his prices........ Can't blame him. Pass for now.

I noticed several always popular bullion dealers weren't swamped with people throwing money at them.

I also noticed and heard while eavesdropping that many dealers weren't budging on prices but the ones that were got a lot more business. I suppose that's normal but maybe exaggerated with the market the way it currently is.

I Was able to cherry (not really rare but still) a nice 1809 xxx O-102 in mid VF and paid way too much for a nicely toned coin. So even though it wasn't everything I had hoped and dreamed, getting out and looking at coins is never a bad time.



BHNC #248 … 108 and counting.

Comments

  • 291fifth291fifth Posts: 23,934 ✭✭✭✭✭

    Smart collectors refuse to buy overpriced material.

    Nice report.

    All glory is fleeting.
  • habaracahabaraca Posts: 1,964 ✭✭✭✭✭

    Thanks for the report.......
    That 1824 is one gorgeous Lady

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Thank you for your show report. I think bullion buying is slow because many expect a further drop in melt, plus, a lot of sellers have not reduced premiums to match current melt. Things will change in the near future. Cheers, RickO

  • Pnies20Pnies20 Posts: 2,057 ✭✭✭✭✭

    @ricko said:
    Thank you for your show report. I think bullion buying is slow because many expect a further drop in melt, plus, a lot of sellers have not reduced premiums to match current melt. Things will change in the near future. Cheers, RickO

    I agree. I speculated that some may be a little underwater.

    BHNC #248 … 108 and counting.

  • TreashuntTreashunt Posts: 6,747 ✭✭✭✭✭

    Nice pick ups

    Frank

    BHNC #203

  • Pnies20Pnies20 Posts: 2,057 ✭✭✭✭✭

    @Treashunt said:
    Nice pick ups

    Thank you sir!

    BHNC #248 … 108 and counting.

  • Pnies20Pnies20 Posts: 2,057 ✭✭✭✭✭

    @habaraca said:
    Thanks for the report.......
    That 1824 is one gorgeous Lady

    Thanks Phil!

    BHNC #248 … 108 and counting.

  • goldengolden Posts: 9,050 ✭✭✭✭✭

    Thanks for your report.

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