A brief report on our Long Beach show....
coinguy1
Posts: 13,484 ✭✭✭
Each person/company has his/its own perspective/bias with respect to, among other things, how strong or weak the market is, how good or bad a show is and how loose or tight grading is.
Many different factors can account for one's view about these things, because, whether we realize it or not, we are each in our own little world and see things through our own eyes, often being unaware of what others are doing.
With that in mind, I will comment briefly on our personal experience at Long Beach:
Grading: We submitted approximately 100 coin show "walk-throughs", mostly on behalf of clients. After finally having gotten the last of Wednesday morning's submissions back early Saturday afternoon, I feel that, overall, the grading was very fair. Sure, there were a number of coins which we thought and/or hoped would grade higher. But, it was obvious to us, that PCGS was willing to step up to the plate and give some special grades to some special coins.
The show: We had a great show. I'm not making any claims about the strength or weakness of the rare coin market as a whole - I am merely stating that we, in our own little world, had an excellent show. We were able to acquire many quality coins at fair prices and we sold a lot of coins to both dealers and collectors, at extremely healthy levels. This was our busiest show, from start to finish, that I remember. And, those who know me, will realize that I rarely make comments like that.
Many different factors can account for one's view about these things, because, whether we realize it or not, we are each in our own little world and see things through our own eyes, often being unaware of what others are doing.
With that in mind, I will comment briefly on our personal experience at Long Beach:
Grading: We submitted approximately 100 coin show "walk-throughs", mostly on behalf of clients. After finally having gotten the last of Wednesday morning's submissions back early Saturday afternoon, I feel that, overall, the grading was very fair. Sure, there were a number of coins which we thought and/or hoped would grade higher. But, it was obvious to us, that PCGS was willing to step up to the plate and give some special grades to some special coins.
The show: We had a great show. I'm not making any claims about the strength or weakness of the rare coin market as a whole - I am merely stating that we, in our own little world, had an excellent show. We were able to acquire many quality coins at fair prices and we sold a lot of coins to both dealers and collectors, at extremely healthy levels. This was our busiest show, from start to finish, that I remember. And, those who know me, will realize that I rarely make comments like that.
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Comments
Cameron Kiefer
Can you speculate on whether "The Flood" was actually a supernatural event wrought by God, who is rumored to be very angry that PCGS grades so tight?
I find this entirely plausible.
Clankeye
Edited to add a winky, cuz that's not what I really thinky.
I truely believe honost collectors and honost dealers can have differing perspectives on the same subject depending on what the people involved are looking for. If someone was only looking for bag toned morgans graded 64 or higher by pcgs or ngc they would probably say the market is nuclear hot, but if someone was looking for 3 cent nicles in proof 65 they'd probably have a very different view.
Something I've been observing at auctions on ebay as well as Heritage Signature sales as of late is that color coins with eye appealing luster are bringing stronger money then only a few years ago in almost all series of coins. I don't think that is an opionion based on the hammer prices for these type of coins that I've seen.
Les
You are your firm's best advertisement.
and it sets us apart from practitioners and consultants. Gregor
Wondercoin
Nice report and I always appreciate your comments
Experience the World through Numismatics...it's more than you can imagine.
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
Was it only the top grades or was it anything nice? Certain series? Buying, selling? Etc.?
It's good to hear you had a good show.
after visiting with Pinnacle, Mark would grab my shirt as yell
"I got some more coins to show ya".
Mark If you think that the PCGS grading was fair, then your expectations must be too low.
Think MS-70 and PR-70 every time , all the time.
Camelot
K S
<< <i>Can you speculate on whether "The Flood" was actually a supernatural event wrought by God, who is rumored to be very angry that PCGS grades so tight? >>
Clankeye, the two best rumors I heard were 1) that Heritage arranged the "flood", so that people would have nothing to do other than look at their auction lots and 2) that the flood" was actually a giant NCS conservation effort.
<< <i>Did success mean you came back with a bargain bin for me? >>
Jeremy, I'll try to keep this short - NO!
<< <i>Coinguy1: Thanks for the perspective. Now how about some details?Was it only the top grades or was it anything nice? Certain series? Buying, selling? Etc.? >>
Cladking, here are some examples of what we sold - please keep in mind, that I'm more likely to remember sales of coins which I, personally, sold and/or, which I thought were especially pretty, cool, PQ, etc.:
1857 Braided Hair Large Cent PR66BN; a PR66 RB Indian Cent; a PR66 1912 Liberty Nickel (for close to PR67 $); a PR67 1937 Buffalo Nickel, an MS66 1835 Capped Bust Half Dime; an MS66 1837 No Stars Dime, an MS65 1830 Capped Bust Half Dollar; an 1874 Arrows Seated Half Dollar PR66 Cameo; an MS67 1879 Seated Liberty Half Dollar; an MS67 1898 Barber Half Dollar; an MS66 Trade Dollar for MS67+ $; a PR66 Cameo 1885 Morgan Dollar and lots of silver commemoratives, among others. The theme was eye-appeal and quality.
We purchased a good number of high grade Mint State and Proof Type coins, silver commemoratives and 20th century singles (pre 1950), as we typically do.
<< <i>What is the most important part of a show? The bourse, auctions, grading, what?? >>
Mikey, the answer to that question can vary, from show to show.
If one is able to purchase a large number of great coins through auction(s) or on the bourse floor, that might be most important. Remember, much business is often done BEFORE the shows actually open, too.
If someone is submitting a lot of coins for grading at a show, that can be the most important aspect. If grading is tight, it can make life difficult for the submitter and it can make it tougher to buy coins from other submitters, who are not receiving grades at which they are willing to sell.
Each show is different, for some of the reasons mentioned above and, things can change very quickly, from show to show and even within the same show.