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Long Beach Observations. Add Yours:

braddickbraddick Posts: 24,205 ✭✭✭✭✭
Long Beach is in full swing and I certainly wish I could have spent more than the one day- yesterday, up there.

Here are a few casual observations though. Please, add yours:
1- Where are the Ikes? I didn't see one single slabbed Ike other than some in SEGS MS66 and MS67 holders in one Dealer's stock.
2- Dealers, in general, are MUCH friendlier than in the past! Most would greet you as you approached their table and were willing to answer questions and talk coins. That used to be a somewhat rare trait and now it is common. I'm impressed.
3- Wonderfully toned Morgans and amazing type (including toned Contemporaries) are going for moon money! I thought the last Long Beach show saw a healthy increase among this material, but you can now add about 20% to those totals. And, these coins appear to be selling! I had one Dealer whom I enjoy visiting with tell me the material he sold at Long Beach the last go around could easily be sold, at a profit, by those collectors at this show.
4- The "wrong" coins are dead. Problem Classic type. Coins with holes or damaged or heavily cleaned are discounted even more so then I've seen before.
-Forget "PR68DCAM" Moderns. If the coin is not in the far right column of the pop report it is not being chased after.
5- Coins are still fun, the people who collect them GREAT and Long Beach still rocks!

peacockcoins

Comments

  • Braddick, did the forum members meet for lunch yesterday? Or is that coming up? Would like to hear about that. Certainly wish I could have attended.

    Carl
    Brevity is the soul of wit. --William Shakespeare
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭
    Carl,

    A group of guys did go to lunch yesterday. Rumor has it that a PCGS representative paid the bill, too!Sadly, I was not among them, as I had to work.
  • LanLordLanLord Posts: 11,718 ✭✭✭✭✭
    When dealers are "Much Friendlier" it makes me wonder if the market is poor enough to make them alter their business style?
  • stmanstman Posts: 11,352 ✭✭✭✭✭


    << <i>Dealers, in general, are MUCH friendlier than in the past! Most would greet you as you approached their table and were willing to answer questions and talk coins. >>



    I would agree, but that guy next to Gsaguy's table was a whiner every time I stopped by to see Gsaguy. He was tripping all over the place and being even grumpier than me. I told him every day is a Holiday, I guess he didn't see the humor and just gave me a Look.
    Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
  • braddickbraddick Posts: 24,205 ✭✭✭✭✭
    PCGS Grader/Finalizer Miles Standish (sorry if I misspelled it) was kind enough to purchase lunch for everyone.
    -I may be niave here, but I believe the change in attitude would be contributed to a strong(er) market vs a weakened one.

    The smiles on the Dealers faces didn't appear forced.

    (Mark, each time I walked by your table it was four to five deep and I missed meeting you.)

    peacockcoins

  • BearBear Posts: 18,953 ✭✭✭
    I believe that the PCGS grader who bought lunch for all the Forum members

    was Miles Standish. A very gracious thing for him to do.
    There once was a place called
    Camelotimage
  • shirohniichanshirohniichan Posts: 4,992 ✭✭✭
    Thanks to Miles for picking up the lunch tab!

    I saw lots of action at Karl Stephens' table, so the dark side is alive and well. I found it interesting that there were a few women buying coins there instead of just the usual middle-aged men.

    I was also surprised to see how tall Cameron was. What is he, about 6'7"?! Then again, when you're 4'2" tall, like me, everyone looks really big.

    My biggest find was a Dansco album for Canadian dollars. Yahoo!!!!!!!!
    image
    Obscurum per obscurius
  • clw54clw54 Posts: 3,815 ✭✭✭
    It was my first Long Beach show and I didn't buy a thing. No impulse buys, which is good because I went there unprepared and without any plan. Right now I've completed my Lincolns and Mercuries and am not sure where to go from here.

    The show was a little overwhelming for a first timer. It seems like most dealers don't even put a price on their coins. The impression I got was that a show that size is for collectors that are far more advanced than I am. Next time I'll get a Greysheet the first thing and have something specific to look for. I did have ANACS look at a raw AG-3 1916-D Mercury I'd bought a year ago and say it was genuine, which is always nice to hear.

    It was a pleasure meeting

    Flash
    Braddick
    Gmarguli
    Shironiichan
    TKillian
    Nucklehead
    MrLee
    Bear
    Mark Feld
    Cameron Kiefer

    and finally Carolj and BJ from PCGS!

    Hopefully I didn't omit anybody.

  • Yes indeed, it was Miles Standish that came by and said hello to all at the Luncheon which was a great idea, kudos for Mitch for bringing it together. Miles is a real class act and from my experience always goes out of his way to say hello, and see how things are going, which in my book makes him alright. And for those that think it is just an act, as I know some of you are thinking that, with Miles it is genuine, you can really feel it, and just know that he really cares. Which is very uncommon in our business and hobby, especially from someone who knows so much and contributes so much.

    My take on LB, was mixed...I picked up some great coins in slabs, awesome toners that you seldom see and a brilliant white 1948 D Frankie in PCGS MS66FBL. Although I bought a 1971 proof set from a dealer, that has a dcam Lincoln I really didn't see much by way of raw coins or raw set (proof of mint) worth buying or really even on the floor. I thought last show really didn't have much to get, but this show really was sparce. Maybe it was just my mentality since I was only able to be there WED and THURS, and moved rather quickly, but I definitely did not see very many proof and mint sets out like normal.

    I was also pleased to meet some new members and put some faces to names, but there were far too many for my feeble brain to remember them all. I loved Rkkay's display of patterns...those things are so cool. It is just strange to see the Miss Liberty that I alway associate with the Morgan Dollar on copper and small dime size coins...very weird, but cool.

    If you can go, I still do recommend going, as braddick correctly stated dealers seemed more friendly than usual and this always makes things more fun.

    I am anxiously awaiting hearing from others to see their take on the show.

    morris <><
    "Repent, for the kindom of heaven is at hand."
    ** I would take a shack on the Rock over a castle in the sand !! **
    Don't take life so seriously...nobody gets out alive.

    ALL VALLEY COIN AND JEWELRY
    28480 B OLD TOWN FRONT ST
    TEMECULA, CA 92590
    (951) 757-0334

    www.allvalleycoinandjewelry.com
  • ColorfulcoinsColorfulcoins Posts: 3,365 ✭✭✭
    I was there Wednesday afternoon and Thursday afternoon. Frankly, I was disappointed by the lack of good material - then again, what I'm looking for is pretty specialized - but I usually find enough to spend all my money on. Didn't buy a thing and it wasn't due to a lack of money - just no calls to action! Seemed to me the show was very well attended and people were buying.

    Best deal of the day was a dealer I was with spotted a coin on the floor and picked it up - so even the dealers seemed to be hard pressed to find new material (grin>.
    Craig
    If I had it my way, stupidity would be painful!
  • BikingnutBikingnut Posts: 3,383 ✭✭✭
    I'm going tomorrow, my first time at Long Beach. Can't wait. I'll post my observations Sunday.
    US Navy CWO3 retired. 12/81-09/04

    Looking for PCGS AU58 Washington's, 32-63.
  • DennisHDennisH Posts: 13,996 ✭✭✭✭✭
    Three observations from Long Beach:

    1. Morgans that are really nice for their grade are few and far between. Overall, Morgan offerings on the bourse floor had the look of a carcass that has been picked over several times now. Fresh material is virtually non-existant.

    2. Selling was EASY for anyone who had material with strong eye appeal that was properly graded.

    3. The auction material at Heritage was worse than on the bourse floor -- and bids were still stupid.

    Oh well, maybe it's me that's stupid....

    -- Dennis
    When in doubt, don't.
  • airplanenutairplanenut Posts: 22,243 ✭✭✭✭✭
    My observation: Although it was a clear day, Long Beach cannot be seen 3,000 miles away image
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • Or from 1,500 miles for that matter!
    image
  • MadMartyMadMarty Posts: 16,697 ✭✭✭
    Hey KK, but you have cheese, cows and a tavern on every corner. The only bad thing is that you have the Packers!!!image
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • You guys have the bears but we have the beers. Try having a football game without us!
    image
  • Did i mention I'm under-aged and I cant have lactose (lactoseintollorant or hoever you speeel it)?
    image
  • What was that about the Packers? image
  • MadMartyMadMarty Posts: 16,697 ✭✭✭
    So when has being underaged ever stopped anyone from drinking in WI? As for the Packers, they are as popular as Frankies!
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • Fake ID's dont cut it for 13 year olds. And about the frankies... I resent that...
    image
  • RGLRGL Posts: 3,784
    Sounds great and I am envious. I hope to be at ANA in Baltimore, but the left coast was out ... did anyone spot high-grade, early Jeff proofs in any appreciable numbers? Thanks ...
  • MrLeeMrLee Posts: 1,848 ✭✭✭
    I spent over an HOUR talking with CarolJ. imageimageimageimage

    'nuff said.
  • Husband and I went down to Long Beach today, as you probably know our first coin show, and we enjoyed so much! We didn't plan on buying any coins, we wanted more knowledge about what we have, and wanted to purchase books, coin holders, and have some coins looked at. We found everyone we talked to a wealth of information and very friendly and so willing to look and answer our questions. One dealer was very jazzed at that 1893 CC that I told you I found with the initials scratched in it, well we sold it to him for $40, actually don't really care if he makes a profit or just wanted it for his collection, he was so helpful and we spent so much time with him, we were happy to let him have. Because of this forum and my getting books from library, I felt like a newbie, but alittle informed one!LOL Felt badly for my husband, I noticed a coin he had paid $225 for some 20yrs ago, on the card with the appraisal it said WIZZED, from his second appraisal, who still gave coin MS 60, today we learned it's value is about $30! But on a good note, we also learned from several dealers that the coins that are in holder saying AU-XF are, and some wanted to purchase some of our morgans, which we didn't sell, did sell our indian heads and lincoln wheats, didn't plan on selling anything, but figure let someone have, they were not of any value to us, and all key dates were missing, let someone fill in their collection. We enjoyed everyone, even the young man when I had to exchange one of the books I bought, no hassle, he was most kind. When I started to look over some of the gold coins, hubby thought it time to go!LOL We think we'll keep many of our coins, at least have one collection, the multiples perhaps I'll try to sell on ebay, with no reserve, of course, after last experience!LOL thank you all for your kindness and your helpfullness today, we appreciate so much. Very classy group of collectors in my opinion, Sally
    lis
  • Shiro:

    I am only 6'4" pushing 5".

    The show is great and I picked up a few neat old slabs for my collection. I agree with braddick on the modern coinage in 68DCAM. They were there, but it seemed like the dealers were trying to get rid of them or not have them in stock at all.

    Cameron Kiefer
  • michaelmichael Posts: 9,524 ✭✭
    the market is strong and getting stronger

    FOR COINS! PRE 1950 with exceptional eye appeal/exceptional qualities



    not that post 1950 coins are bad or good i just have absolutely no experience at all with post 1950 coins nor do i specialize in such coins!



    marginal/average.................... stuff is for the most part is not as desired as the above ^^ coins

    also the market was not as great across the board like at the fun show 7? weeks previous unless you have the above ^^ coins

    services super monster tight dealers are FINALLY for the most part adjusting to this fact of life



    for the coins i like pre 1950

    more and more like at this show EXCEPTIONAL eye appeal!!!!!!!!!!!!!!/EXCEPTIONAL QUALITIES is more and more the rule with everything else a close second

    sincerely michael



  • gmarguligmarguli Posts: 2,225 ✭✭
    The show was so-so to poor. I have a feeling that a lot of material didn't even make it to the floor. Several dealers were talking about how good business was, but there wasn't much in the cases. I have to assume that they did a lot of business off the floor. I would say that MANY cases were fairly empty.

    Coins with color are bringing stupid money. Just plain nice color are bringing strong premiums. The days of 20X bid for monster color is long gone. Even a few dealers that always have some nice color coins had nothing.

    Lots of crap in dealers cases. Generic stuff was pouring from almost every table. If you wanted dipped out stuff that should sell for Bluesheet, then this was the show for you. Very few "original looking" coins.

    Very few "power coins" were there. I don't know if they were purchased off the market or if they are being held back due to rising prices, but they weren't there.

    Moderns were not popular. Very few dealers had any in their cases (other than the bullion).

    I did not see ACG there. They were listed as having a table, but I didn't see them. There were not many of their slabs in the cases. It seems like NTC is now the slabbing service of scumbags.

    The forum lunch was fun. A BIG thanks to Miles Standish for picking up the tab. And thanks to wondercoin for organizing the lunch meeting. Too bad it was such a long row of tables. I have no idea who was at the other end. Looking at the list of people who were supposed to be there, I can't say whether or not half of them were there. image Oh well, next LB.

    Wish I had more time to talk to coinguy1 (Mark Feld). I was looking forward to picking his brain, but there never was an opportune time.

    Got to meet David Hall. I introduced myself as "the guy you hate on the forums". image Nice guy. When he found out who I was, his face lit up as he summoned BJ over. I think he was hoping for a fight to the death between BJ & I right there. imageimageimage Talked to Carol. She gave me a B&M sample slab for a forum member who will remain "anonymous". image

    Nice seeing Bruce Scher again - even if he didn't recognize me. Hey, it's only been 10-15 years. image

    Saw TradeDollarNut. Got to look at his branch mint proof 1875-S 20¢ and 1838-O 50¢. Very nice guy. Even nicer coins.

    Got to meet so many other forum members, that I can't honestly remember all their names/IDs.

    And great seeing a bunch of the forum members that I've met in the past.
  • shirohniichanshirohniichan Posts: 4,992 ✭✭✭
    If I would have known TDN was going to be there today, I would have gone back! image

    Those trade dollars are really amazing, especially the 1878-S. I would loved to have been able to see the '75-S proof 20 cent piece.
    image
    Obscurum per obscurius
  • jomjom Posts: 3,458 ✭✭✭✭✭
    Thanks to Mitch and Miles for the lunch on Thursday!!

    Greg is right. Mostly crap on the floor. image I was only looking for gold however so that's a "narrow" viewpoint. The Heritage auction had most retread garbage from their website (again, I mean the 20th Century gold)...nothing new there.

    That being said, I AM going back today.......and $8 parking and $4 Cokes will never stop me...MUAHAHAH!

    jom
  • gmarguligmarguli Posts: 2,225 ✭✭
    $7 parking if you park in the office building across the street (NE corner of the convention center).
  • I stopped in on Saturday AM and pulled up to convention center only to see a sign saying LOT FULL! Urgh! Full of BS is what it was. I parked about a block away and walking up tothe main floor saw literally dozens and dozens of EMPTY spaces pn the ground and 1st level of parking. What a bunch of idiots working the convention center.

    Separately, the show continued to be slow but better than Thursday and Friday. No one can tell me this market is "hot" after I have seen the LB shows last year and Santa Clara shows. This show was very slow compared to the others. It was great to walk around unimpeded.
  • coinkatcoinkat Posts: 23,443 ✭✭✭✭✭
    I remember the days at Long Beach when it cost a buck to park and even then I thought it was too much.

    Experience the World through Numismatics...it's more than you can imagine.

  • relayerrelayer Posts: 10,570

    I left home with $2,000 and came back with $1986.

    So for $14 I got to look at a lot of pretty coins.image
    image
    My posts viewed image times
    since 8/1/6
  • BikingnutBikingnut Posts: 3,383 ✭✭✭
    Best show I've ever seen. Most of the dealers I talked too were very friendly, with the exception of the one I spoke about in my thread. I didn't see as many high grade raw Washingtons as I expected, but what I did see were very nice. Prices seemed to be higher than current trends, although the 42D I picked up was reasonable.
    I'll definitely be going back to the next show.
    US Navy CWO3 retired. 12/81-09/04

    Looking for PCGS AU58 Washington's, 32-63.
  • gmarguligmarguli Posts: 2,225 ✭✭
    I remember the days at Long Beach when it cost a buck to park and even then I thought it was too much.

    A buck to park? Were gold coins still in circulation back then? I think the lowest I remember was $4 and that was some time ago.
  • truthtellertruthteller Posts: 1,240 ✭✭
    For several years, I have never paid for parking at Long Beach. You just have to know were the secret places are. This Long Beach was a 'B+'. Sold everything I brought, but buying was a slow go.

    TRUTH
  • orevilleoreville Posts: 12,074 ✭✭✭✭✭
    Yes, I remember the $1 and $2 parking places too! Except I resented paying round trip airfare, hotels and rental cars from New York just to be able to brag about the $1 parking spaces. That is why I have not been back in years.

    ANA, FUN and Baltimore have been good enough for me the last decade plus.

    Personally, I sense from various friends that Long Beach shows have peaked as to their importance and bellweather of the coin market. But I have not seen that for myself since before the debacle of 1990.
    A Collectors Universe poster since 1997!
  • hrlaserhrlaser Posts: 1,133 ✭✭
    Here is a slightly edited re-post of my very long Long Beach Show Report as posted to Rec.collecting.coins on Usenet yesterday morning.. since I'm sure some of you never read Usenet, and others probably don't even know what it is (shame on you!)..

    All opinions are my own since I'm self-employed image

    Well, for one day, my black cloud must've found some other poor slob to rain
    on, as yesterday was a very interesting, productive, and rather.. umm..
    lucrative day for me, as I went to the Long Beach Show with a friend..

    I usually get horribly wordy with show reports, and I'm sure this will be no
    exception.

    The weather was perfect, a storm had blown through and it was in the mid
    60s, cloudless blue sky, and breezy..

    The LBCC is about a half hour drive from my home, and we wanted to get there
    early because we both wanted to have some coins run through NGC's same day
    show special grading.. $35.00 for coins valued at $1000.00 or less. I
    filled out the submission forms on their logo link on eBay and confirmed
    with a woman at their offices over the phone that yes indeed, the price was
    $35.00 even though the form had only a $125.00 price for same day grading,
    but I could use that form and they would charge me the $35.00 at their
    booth.. "The online eBay form isn't engineered for our show specials.. just
    go ahead and use it, select same-day grading, and they'll adjust the price
    down to $35.00 at our table" she said to me. "I don't want to take the coin
    out of its Mint Capsule, will your folks do it?" "Yes, probably for a small
    fee, a dollar or two." "Cool, thanks, bye." {{click}}..

    I was told that we needed to submit before noon to get our coins back before
    4pm, so we got to the parking lot about 1030am (now $8.00 to park with no in
    and out priveleges).. went to the lobby, filled out our cards, and I paid
    $5.00 admission (due to having their yellow postcard discount) and he paid
    $6.00 due to forgetting to bring his card..

    We immediately took the escalators down to the huge hall and briskly walked
    allllllll the way to the far back wall (about a mile :grin:image to NGC's
    tables where we sat down, whipped out our coins and the forms I had
    pre-printed. Well here came the black cloud in the form of a young woman
    (blonde) working the table who absolutely insisted that we had to have NGC
    club membership numbers and that those eBay forms were good only for
    mail-back service and the fees were much higher than the phone woman had
    told me, and that we had to take the coins out of their Mint Capsules
    ourselves..

    Politely but firmly, I disagreed with her, told her that her own company
    employee had told me as per above, and I asked her to phone the woman, by
    name, at their Florida office to confirm what she told me on the phone two
    days ago. Score one for me. (I am really perturbed when I call a company and get
    a quoted and promised price and procedure, then go to the "store" and the employee
    there says "they were mistaken when they told you that." It happens a lot, especially
    with electronics stores and I'm sick of it!!..

    Although the booth woman still insisted she was
    right and the phone woman was wrong, she asked a higher up at the booth, and
    then relented, had us hand-fill out regular multipart submission forms, and
    gave us the $35.00 same day show grade special for all our coins, each of
    which we declared a value of $1000.00. These were 2000-W BiMetallic Library
    of Congress Uncs. He had three. I had one. We did not have to remove them
    from the capsules, we paid $35.00 per coin for the same day service, and
    were told to check back around 2pm. This was followed by much prayer to the
    Gods of MS70 (I ain't kidding)..

    Results below..

    Then we started to wander.. my other goal at this show was to get a
    replacement for the 1915 Indian Quarter Eagle I had bought at the last show
    raw, which Ira Stein, who I respect as a Coin God [tm] had eyeballed and proclaimed "okay".. I had submitted it to PCGS a couple months later piggybacked on a friend's "Platinum Club"
    membership entitling him to one free coin grading of "Any coin with an
    Indian on it" during December, 2002. That's why I waited three months to
    have it slabbed. I was simply hoping for an EF or maybe an AU, which are
    nearly impossible to find slabbed.. most Indian Quarter Eagles in slabs are
    Mint State.. EF/AUs are typically only found raw. All I had to do was pay
    one way postage to PCGS. It came back after FIVE weeks in a body bag marked
    "Cleaned/Whizzed". I was pissed. So I was determined to replace it at this
    show with a no-problem example. Date not imporant, I just wanted an EF/AU
    Quarter Eagle, in a slab, if possible.

    So, purchase #1 - I showed it to a couple of dealers, (didn't show them the body bag) they all said
    "cleaned" and offered me about $20.00 less than I had paid for it. I settled
    on one dealer who had a nice NGC 1914-D MS60 in his case, and he gave me
    $130.00 trade-in for my bodybagged coin, that plus another hundred or so in
    cash and I now have a nice NGC MS60 in a slab.

    Walked around some more. Noticed the ANA booth. Very friendly people there,
    and I decided to become a member for a year. They offered me either the
    grading video (which I had already seen) or a loupe (which I already have).
    I told them I'd join ($33.00 for a year) but instead of those premiums I
    wanted their medal instead. The nice lady at the booth agreed and promised
    (and wrote on my application) to send me the medal. So, purchase #2 - I
    joined, took a sample of The Numismatist with me, and await the membership
    stuff in the mail including the medal.. however long that takes.

    My friend brought with him some coins and currency he wanted to sell, and we
    visited a few tables, mainly currency dealers and gold buyers. To make a
    long story short, he sold some of his currency at prices below what he had
    hoped for, and couldn't really get a decent offer on any of his common
    foreign gold, such as an Unc Mexican 20 peso piece..

    We checked back with NGC around 1pm. They were all eating lunch. "Too early,
    guys, try coming back at 3pm, we should have the coins back then." So a
    couple more hours to kill. My friend, who is also a stamp collector,
    visited a few stamp dealers, bought nothing, but had some interesting
    discussions. While he yakked with a super high end stamp dealer who had a
    huge display under glass of stamps with prices up to $40,000.00 each on
    them, the dealer opened a box of donuts and offered each one of us one. The first
    food I had had all day. At least it was free.. I don't remember his name, but he's the only
    stamp dealer at this show who always wears a suit and tie..

    After that, we skimmed across and around at a lot of tables. A couple
    hundred, perhaps. This is the most time I have ever spent at an LBCC show,
    and we had no choice since we had to wait till mid afternoon to pick up our
    NGC slabs..

    We made a couple trips outside for smoking breaks, and I was starving,
    having eaten no breakfast, but refused to succumb to the temptation of
    buying a $5.00 hot dog or a $3.00 soft pretzel, but got suckered into a
    $3.00 12 ounce cup of soda.. and a sit down at one of the round eating
    tables to rest my aching back.. so, Purchase #3 - a $3.00 soda.

    I had been seeing ads in Coin World by the "Jefferson Full Step Nickel Club"
    for their new reproduction of Felix Schlag's original (but rejected) design
    for the 1938 coin, and they had a nice display of Jeffersonia, (I mean these
    guys are totally devoted to all things Jefferson), and were selling the
    coins in serial numbered SEGS slabs for $38.00 for a Matte Unc, or $42.00
    for a Cameo Proof, or $10.00 off the combination if bought as a serial
    numbered pair. Only 1938 of each coin is being minted. If you haven't seen
    the ads for this reproduction, go here::
    http://www.grasshoppernet.com/walrafen/gmm48.html and scroll about 1/4 of
    the way down the page.

    QUOTE::

    Darrell Crane, President of The Jefferson Full Step Nickel Club, in
    conjunction with Ron Landis (master die engraver of The Gallery Mint Museum)
    and S.E.G.S. (Sovereign Entities Grading Service), presents The Jefferson
    Nickel 1938 Award Winning Design by Felix Schlag.
    A limited production of one thousand nine hundred thirty-eight (1,938)
    Uncirculated coins and one thousand nine hundred thirty-eight (1,938) Proof
    coins will be struck. They will be .999 silver, with a diameter of 21.2mm
    (standard nickel size). Each encapsulated coin, uncirculated and proof
    quality, will be numbered 1 thru 1938.
    This beautiful coin will surely be a collector's item. You may request a
    specific number or matching numbers for both uncirculated and proof coins.
    Specific numbers will be reserved on a first come, first served basis only.
    Pricing is: MATTE UNC. $38.00 and PROOF $42.00. Shipping and handling is
    included in these prices.

    END OF QUOTE.

    They have not all been minted yet. The ones they had were in the 500 to 600
    serial number range. #1 was reserved, I assume to the engraver, so were #555
    and #1938, I assume for the designer or others involved in this "$100,000.00
    project" per the booth guy.

    They all in SEGS slabbed because their club loves the SEGS slab design and
    thinks it shows off the coin the best, but they are not graded. Instead, the
    slab label says "The JFNSC Presents .999 (Silver) F/Matte (on the one I
    bought.. I opted for the Matte over the Proof) The 1938 Jefferson Nickel
    Award Winning Design. Mintage 1938." I bought Matte #588 an was told that
    Proof #588 would be held for me for two weeks so I could have a matching
    pair if I decided I wanted it. Very friendly guy working the booth, got a
    pile of literature, including their last year's worth of Newsletters (I'm honestly not a big
    Jefferson Nickel fan at all but I just had to have this gorgeous piece).. and paid $38.00 for the reproduction in
    Silver.

    So, Purchase #4 - $38.00 for the Matte Nickel reproduction. I woudn't even
    consider selling it until the whole mintage of 1938 x 2 sells out. I might even buy the
    matching serial number Proof in the next couple of weeks. He said
    they are still minting them but they are selling like hotcakes too.. These
    repros are truly gorgeous.. all the motto lettering is in an Art Deco style.
    Take a look at that link and tell me if you would've preferred that design
    to the Nickel we've had since 1938..

    I then cell-phoned Ira Stein and he said he was in the hall and would meet
    us briefly. My friend had a roll of 20 1921 Morgans on a sheet of pockets he
    wanted Ira to eyeball, hoping maybe a couple of the might be 65s.. and of
    course I wanted to say hi to Ira.. Ira met us and looked over my friend's
    page of Morgans, scrunched up his face and proclaimed not a single one of them (from an original BU
    roll the guy has had for many years) would slab a 65, that he might get 1 or
    2 64s and the rest 63s. Thus, as a very common date, none of them were worth
    slabbing. Just keep them as a roll. I had with me my NGC 1927 MS65 Saint
    that I won for free in a TeleTrade auction raffle last August. I showed it
    to Ira, and he said it was a solid 65, so that made me feel good. When looking around at
    dealers with cases full of PCGS and NGC slabbed common date Saints, I saw hardly
    any MS65s at all.. thought that was interesting.. (This Saint of mine is very high on the
    list of "Coins I will never sell unless they become so valuable I could buy a new car
    with what I get for it" image

    Checked with NGC again at 2pm, they said sorry, still too early, come back
    around 3pm, so we went outside, walked over to the Hyatt Hotel's entrance
    next door, plopped ourselves down on a bench, smoked a cigar, and yakked and
    read magazines we had picked up at various tables.

    Half an hour later.. back to the show.. we headed back to the hall to check NGC again and here's
    where the day's biggest thrill came.. get that drumroll ready image ..

    One of the staff fished through same day grades for my slab.. handed it to
    me, and asked me to sign for receipt of it. Well, my eyes immediately froze
    on the slab's label. Instant adrenaline rish.. Are you ready?..

    "2000-W Congr Library $10 MS70." (!!!!!!!!!!!!!!!!!!) I was dumbstruck and
    nearly screamed with joy. I think I shouted "Thank You!" a few dozen times.
    Every head beind their tables spun around. I took the pen from her hand with
    an ear to ear grin, signed and dated the form, reached out to shake her hand
    and thanked her, and kissed the back of her hand. I'm sure, as a clerk type,
    she had no idea what had gotten into me as she had a clerk personna, not a
    collector personna, and she smiled and blushed profusely.. but a couple of
    the guys working the table looked over and said "Congratulations!" I was
    absolutely besides myself. NGC's MS70 population of 46 had just gone up to
    47 on this coin with a mintage of only 6800.. PCGS price guide says
    $2500.00. Both R and I Coins and CameoCC have the NGC MS70 on their sites
    at $2350.00. (Pre-issue price from The Mint in 2000 was $390.00)..
    I'm going to sell it eventually, but will wait for a while.. yes I know,
    the more submitted, the higher the population of 70s will likely go, but
    with gold and platinum prices doing a trampoline act.. who knows what I
    might get for it. besides, I am morally committed to hold and admire it for
    a while. Hello, Mr. Safe Deposit Box, you have a new occupant..

    My friend then arrived to pick up his three identical coins. He got two 69s
    and one 70 and similarly grinned like Dr. Sardonicus.. His will go up on eBay shortly. (Upon
    getting home, we both examined the two 69s with my 7x loupe.. one of them
    had a miniscule, and I mean pinpoint-sized black spot on it, the other had
    the tiniest of hits on one of the eagle's feathers.. we gave them about the
    same 30 second going over as NGC probably did.. and decided well, that's why
    those two got 69s)..

    Floating away from NGC's tables, we bumped into one guy while walking around
    and my friend struck up a conversation with him for reasons I won't explain.
    The guy had three PCGS slabs in his hand. One was, get this, a Proof 1941
    Mercury Dime in PR68 (!!!!!!!!).. their freakin' price guide only goes up to
    PR67 at $950.00.. I don't have a clue how much his dime was worth in PR68
    but it has to be a fairly scary figure.. He also had a gorgeous Proof
    Morgan, and I can't remember what the third coin was but it was equally mind
    boggling.. something like $30,000.00 worth of coins in his hand. Coin Shows
    can be scary places..

    After that, I went over to TeleTrade's booth, said "Hi" to their V.P. Paul
    Song who had awarded me the free Saint last Fall, and drooled over some of
    the coins on display for their upcoming "Rainbow" auction. Rainbow Peace
    Dollars!? C'mon, how often do you see those??..

    It was now around 5pm, and we had been at the show for six hours and were
    both tired and sore and cranky and hungry and ready to leave. I didn't want
    to spend any more money (I spent about $250.00 total at the show for
    parking, admission, a coke, an upgraded Quarter Eagle, the Matte Nickel, and
    the NGC grading fee) but I'll easily make all that back with the profit on stuff I have on
    eBay and other stuff I'll be listing. My MS70 BiMetallic now becomes by far
    the most valuable coin I own, surpassing my MS65 Saint, if you go by retail
    price guides.. you five and six figure collectors can scoff at that, but it gets this
    mid-level collector pretty damn hot image ..

    On the way out, we passed PCGS' booth where David Hall himself was seated,
    making a one day appearance, giving free grading opinions. Now that's a
    first. I stood there and watched as a guy whipped out a blue box 1969 Proof
    Set which he had bought at a flea market for $5.00. The coins in the
    original sealed Mint holder were all rainbow toned, and the Kennedy was the
    most astounding Monster Rainbow Kennedy Half I have ever seen.. Hall was
    drooling over it, and told his assistant to give the guy a grading fee of
    $50.00 for the whole set. He estimated the Half might sell for as much as
    $1500.00 to monster rainbow freaks. How did an original sealed set tone
    that way? Its owner didn't have a clue. Other people were standing in line
    to show him their stuff, so I just said "Hi" to him, (he did not look anything like
    I expected him too.. but I can't quite figure out what I expected him to look like..
    I guess I expected a suit).. watched for a while,
    and we then headed out to the lobby escalators, back up and outside into the
    real world, stopped by a local Mexican restaurant near home and chowed down
    on an excellent dinner, and then back home.

    So all in all, probably the best LBCC show I've ever attended (I trust I
    need not explain why), and I've been going to them since they were held in the
    old round LBCC that this new one replaced, and even to a couple that were
    held on the Queen Mary in the early 1980s..

    Prices were generally high, the coin market looked
    "hot", I saw a LOT of buying and selling going on, I'm leaving out a lot of
    other things I saw as usual, because by now most of you are probably face
    down asleep on your keyboards in a puddle of drool..

    Harv

    "I won't be wronged, I won't be insulted, I won't be laid a hand on.. I don't do these things to other people.. I require the same of them.."
    - John Wayne, "The Shootist" (1976.. his final film)..
  • FlashFlash Posts: 1,090 ✭✭✭
    Great summation! I almost feel as if I were actually there!
    Matt
  • cladkingcladking Posts: 28,701 ✭✭✭✭✭
    Thanks Hrlaser. Now I regret missing the show even more.
    Tempus fugit.
  • hrlaserhrlaser Posts: 1,133 ✭✭


    << <i>Thanks Hrlaser. Now I regret missing the show even more. >>



    Well the next one is at the beginning of June, I think, so.. start saving now (for the parking lot fee image

    Harv
    "I won't be wronged, I won't be insulted, I won't be laid a hand on.. I don't do these things to other people.. I require the same of them.."
    - John Wayne, "The Shootist" (1976.. his final film)..
  • Since this was my first Long Beach show in the last five years (I hate to fly, especially in a down market) I thought that the overall buzz from dealers was business is great. I walked the floor, filled lots of want list orders, and could have spent another couple hundred grand if the "right stuff" was around for sale. I think the reason there were not alot of coins in showcases is that this was clearly a buying show for dealers (I sold most of what I brought there to unload at more than I thought I would get!) The market has been strong and I can gaurantee that most of the nice coins are already spoken for so there is no point to putting them out in showcases only to disappoint a collector by saying that's not for sale.
    The grading services were brutal, I went 0 for 15.

    I was able to do all my business from Wed setup to Friday eve and catch the good old Red Eye home. Will be posting tons of newps this week on the website.image

    Hopefully Baltimore will be stronger as lots of new coins from Long Beach Auctions come on the market for sale. Those auctions were strong strong strong.....I hope the grey sheet catches up so collectors know what the market values really are!

    Bob Green
    bgreen@parkavenumis.com
    800-992-9881
    Visit us at www.parkavenumis.com

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