Charlotte, NC regional show report Friday
jdimmick
Posts: 9,668 ✭✭✭✭✭
Went the the Charlotte, NC show this morning. Arrived about 45 minutes prior to them opening to the public. Got to sneak in a few minutes early. Very large crowd had gathered outside the door prior to opening. Looked to be some serious buyers in the group, as well as some people with material to sell.
First went around the bourse looking for the better pieces I might be intrested in. Here's what I saw. First, there looked to be better dealer turn out this time, with several larger dealers coming in from adjacent states. About 70 tables give or take a few.
Very nice selection of PCGS Morgan dollars available at this show including an 1889-cc PCGS-61 that looked nice, white and 62. Price was 18,500. Also saw a large selection of the other better date CC dollars with the exception of the 93-cc. I did not see a single 94-p Morgan at all. Quite a few GSA CC including several holdered by NGC. (witnessed a lot of GSA's being bought by dealers from other dealers as well as from the public.) A few lower circulated 93's in F, and one VF.
Still did not see hardly any early date walkers in higher AU to MS grades (PCGS/NGC). There were tons of super nice 30's and 40's but the early dates just seem to be non-existant. There were several of the better date early walkers in lower ciruclated grades, but thats about it.
For you gold buyers, did notice a decent selection of Charlotte and Dahlonega PCGS certified gold. Cant give specific's on dates , as I dont follow those closely. Did see a few raw pieces that looked funky as well. I did here of several people looking seriously at gold examples and making offers on the gold that was available. Dont remember seeing too much Early Gold though.
There was a beautiful 1795 Bust 2 leaves dollar in PCGS-50 that was really nice (was about 15,500). Also, saw a super nice 1799 Bust dollar in PCGS-58 that was original in color with stunning luster! Price if I recall was 10,800
There was one of the largest selection of early large cents that I had ever seen for a show of this calibre. I must have counted 10 various chain cents in grades from corroded AG to VF (some raw, some holdered by NCS, and others) also, at least the same number of 1799 Large cents as well. There was a real nice 1799 in NCS Vf-25 net graded for minor corrosion, but very minimal IMO,that actually looked really nice. Price was 25k. A majority of the large cents were raw with hand written descriptions including several different varities of each. This dealer had to be an EAC member.
Not a very good selection of Red copper, only notable's were a 1909-s VDB PCGS 64 red for 3500.00 super red and lusterous, but had the early stages of a partial print, so I passed. (been down that road before). There was also a 1914-d PCGS 64 red, but had tons of spots and other distractions. A couple of nice 1872 Indians one in PCGS64Rd and one in 65RB, both photo sealed, but I have seen these coins before at this dealers table some time back and must be priced too high, as they should have long been sold by now.
I did not see but one 1877 in higher circulated grade's, it was a PCGS-AU-50 but looked scudzy to say the least. Price was 2k, but sold fairly quickly. In fact an older gentleman who bought it was upgrading dates in his whitman Indian cent album.
There did not seem to be a good selection of middle grade key-coins either at this show except for a few in the off brand slabs. And there were a lot of collectors looking for those specific dates today trying to fill/finish sets.
The public was buying from what I could see, not so much the 3k and up stuff, but more in the collector grade ranges 100-1000.00 items.
I saw a lot of people buying that really needed to do more homework and learn more about what they are buying before making the purchase they made. May have been newer collectors that have entered the collecting marketplace in the last year or so. One more thing I forgot; before the show actually opened, there was quite a bit of dealer to dealer transactions taking place.
A good mix of coins offered at this show. Several dealers with the PCGS/NGC quality slabbed coins, many raw and of course a few of those dealers that deal in the NTC/SEGS arena. Like others have said, I see fewer and fewer ACG slabs these days, but NTC has really flooded the market with the number of coins I see holdered by them. But, your more respectable dealers are not carrying thier coins.
First went around the bourse looking for the better pieces I might be intrested in. Here's what I saw. First, there looked to be better dealer turn out this time, with several larger dealers coming in from adjacent states. About 70 tables give or take a few.
Very nice selection of PCGS Morgan dollars available at this show including an 1889-cc PCGS-61 that looked nice, white and 62. Price was 18,500. Also saw a large selection of the other better date CC dollars with the exception of the 93-cc. I did not see a single 94-p Morgan at all. Quite a few GSA CC including several holdered by NGC. (witnessed a lot of GSA's being bought by dealers from other dealers as well as from the public.) A few lower circulated 93's in F, and one VF.
Still did not see hardly any early date walkers in higher AU to MS grades (PCGS/NGC). There were tons of super nice 30's and 40's but the early dates just seem to be non-existant. There were several of the better date early walkers in lower ciruclated grades, but thats about it.
For you gold buyers, did notice a decent selection of Charlotte and Dahlonega PCGS certified gold. Cant give specific's on dates , as I dont follow those closely. Did see a few raw pieces that looked funky as well. I did here of several people looking seriously at gold examples and making offers on the gold that was available. Dont remember seeing too much Early Gold though.
There was a beautiful 1795 Bust 2 leaves dollar in PCGS-50 that was really nice (was about 15,500). Also, saw a super nice 1799 Bust dollar in PCGS-58 that was original in color with stunning luster! Price if I recall was 10,800
There was one of the largest selection of early large cents that I had ever seen for a show of this calibre. I must have counted 10 various chain cents in grades from corroded AG to VF (some raw, some holdered by NCS, and others) also, at least the same number of 1799 Large cents as well. There was a real nice 1799 in NCS Vf-25 net graded for minor corrosion, but very minimal IMO,that actually looked really nice. Price was 25k. A majority of the large cents were raw with hand written descriptions including several different varities of each. This dealer had to be an EAC member.
Not a very good selection of Red copper, only notable's were a 1909-s VDB PCGS 64 red for 3500.00 super red and lusterous, but had the early stages of a partial print, so I passed. (been down that road before). There was also a 1914-d PCGS 64 red, but had tons of spots and other distractions. A couple of nice 1872 Indians one in PCGS64Rd and one in 65RB, both photo sealed, but I have seen these coins before at this dealers table some time back and must be priced too high, as they should have long been sold by now.
I did not see but one 1877 in higher circulated grade's, it was a PCGS-AU-50 but looked scudzy to say the least. Price was 2k, but sold fairly quickly. In fact an older gentleman who bought it was upgrading dates in his whitman Indian cent album.
There did not seem to be a good selection of middle grade key-coins either at this show except for a few in the off brand slabs. And there were a lot of collectors looking for those specific dates today trying to fill/finish sets.
The public was buying from what I could see, not so much the 3k and up stuff, but more in the collector grade ranges 100-1000.00 items.
I saw a lot of people buying that really needed to do more homework and learn more about what they are buying before making the purchase they made. May have been newer collectors that have entered the collecting marketplace in the last year or so. One more thing I forgot; before the show actually opened, there was quite a bit of dealer to dealer transactions taking place.
A good mix of coins offered at this show. Several dealers with the PCGS/NGC quality slabbed coins, many raw and of course a few of those dealers that deal in the NTC/SEGS arena. Like others have said, I see fewer and fewer ACG slabs these days, but NTC has really flooded the market with the number of coins I see holdered by them. But, your more respectable dealers are not carrying thier coins.
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Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
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Finished/edited my report !
give a chance for the others to view
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