Coin show report: the NYC International
DaveG
Posts: 3,535 ✭
The NYC Int'l. was pretty crowded today. Like last year, it was on the top floor of the Waldorf and split among three rooms. I thought it was a bit less crowded than last year's show - at least it was a bit easier to get down the aisles. A couple of dealers were voicing unhappiness with the show: Jonathan Kern said he wouldn't be back next year, for example.
In addition to a lot of museum-quality world and ancient coins, I saw some impressive US and colonial currency, but very little in the way of US coins, as I expected.
Krause and Coin World were there, as was PCGS and ICG. Coin World was giving out samples of their snap-together version of the ANACS slab. I met Summer Douglass, who is as young and enthusiastic as you might expect.
I had a fairly long chat with James Taylor of ICG. He said that about 20%-40% of their volume now is ancients. He said that overall volume is back up and they've rehired most of the folks they had to lay off when volume dipped a while ago. I asked about them traveling to shows; he said that he and his assistant do the traveling, as the graders don't like to travel with shows and deal with flack from the collecting public. (Interesting and meaningful comment, that.)
We talked a little about the impact that HSN and the other TV shows have on the slabbing services. He remarked that when JP Martin (head grader) went on HSN, they sold $1.6 million worth of coins in six hours (two of which were 2:00 a.m. to 4:00 a.m.!) I remarked that that kind of volume must have a significant impact on the percentage of modern (vs "classic" coins) they and the other services grade. He commented that he had spoken to someone from NGC who said that about 80% of their recent volume was moderns.
In addition to a lot of museum-quality world and ancient coins, I saw some impressive US and colonial currency, but very little in the way of US coins, as I expected.
Krause and Coin World were there, as was PCGS and ICG. Coin World was giving out samples of their snap-together version of the ANACS slab. I met Summer Douglass, who is as young and enthusiastic as you might expect.
I had a fairly long chat with James Taylor of ICG. He said that about 20%-40% of their volume now is ancients. He said that overall volume is back up and they've rehired most of the folks they had to lay off when volume dipped a while ago. I asked about them traveling to shows; he said that he and his assistant do the traveling, as the graders don't like to travel with shows and deal with flack from the collecting public. (Interesting and meaningful comment, that.)
We talked a little about the impact that HSN and the other TV shows have on the slabbing services. He remarked that when JP Martin (head grader) went on HSN, they sold $1.6 million worth of coins in six hours (two of which were 2:00 a.m. to 4:00 a.m.!) I remarked that that kind of volume must have a significant impact on the percentage of modern (vs "classic" coins) they and the other services grade. He commented that he had spoken to someone from NGC who said that about 80% of their recent volume was moderns.
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Also, I forgot to say that James Taylor said they were working on getting into the Blue Sheets, and they expected that to happen in a couple of months.
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Jeremy
09/07/2006
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