Coin Show Report: New York Invitational
DaveG
Posts: 3,535 ✭
I just got back from the NY Invitational. They had 108 tables and a lot of the big-name dealers were there. I thought floor traffic was pretty heavy when I was there (10:30 to 1:00) and there was a lot of "buzz" of business being done.
The material being offered was jaw-dropping! I saw so much proof late-19th century US gold that I now believe that those coins are "common"! Art Kagins' inventory was WOW! (five Bechtler coins - two dollars, one $2.50 and two $5s), a Morman $5, two $50 slugs, a half-dozen slabbed California fractionals and a bunch of gold rush private coinage. I also saw several other $50 slugs at other dealers, too. Legend's inventory was legendary! (including a PCGS-55 CHAIN CENT and some real nice MS seated dollars). I saw a lot of slabbed Bust dollars (many very original looking), one dealer had about five old tenor half eagles and five old tenor eagles! I also saw a real sweet NGC-55 1838-O dime. All-in-all, it was very hard for me to find a coin that I could afford - a problem that I didn't have at last year's ANA.
I had a nice chat with Jeremy and passed njcoincrank on the escalator (but didn't realize it until after he had passed).
On the buy-the-coin, not the holder front, Julian Liedman showed me a very nice 1854-O eagle in a PCI AU-55 holder (it was a green label and I didn't notice how many digits in the serial number); the coin looked accurately graded and not-messed with. On the "ouch!" side, I saw an ICG slab in a dealer's case that said "XF-40 1845-O eagle". I asked to look at the coin, pulled out my 5x glass and started looking the coin over. I noticed that the date on the coin was very clearly "1843"! (Bid for the '45-O is $550 in XF; Bid for the '43-O in XF is $345) I said to the dealer: "You know this coin is mislabeled, right?" He looked surprised and I handed it to him. He said: "Our customer just sent this in! Well, this just proves - don't just buy the holder!" then he said: "I'm gonna make ICG buy this back." (He said he had paid '45-O Bid for it.) As far as the coin itself, I thought it was a just-barely XF - it was very baggy.
I looked for Seated Dollars and O-mint gold and learned yet again that it's really, REALLY, hard to find those coins with original surfaces - even in PCGS and NGC slabs!
By the way, the show flyer said that they'll be back next year - August 11-13.
The material being offered was jaw-dropping! I saw so much proof late-19th century US gold that I now believe that those coins are "common"! Art Kagins' inventory was WOW! (five Bechtler coins - two dollars, one $2.50 and two $5s), a Morman $5, two $50 slugs, a half-dozen slabbed California fractionals and a bunch of gold rush private coinage. I also saw several other $50 slugs at other dealers, too. Legend's inventory was legendary! (including a PCGS-55 CHAIN CENT and some real nice MS seated dollars). I saw a lot of slabbed Bust dollars (many very original looking), one dealer had about five old tenor half eagles and five old tenor eagles! I also saw a real sweet NGC-55 1838-O dime. All-in-all, it was very hard for me to find a coin that I could afford - a problem that I didn't have at last year's ANA.
I had a nice chat with Jeremy and passed njcoincrank on the escalator (but didn't realize it until after he had passed).
On the buy-the-coin, not the holder front, Julian Liedman showed me a very nice 1854-O eagle in a PCI AU-55 holder (it was a green label and I didn't notice how many digits in the serial number); the coin looked accurately graded and not-messed with. On the "ouch!" side, I saw an ICG slab in a dealer's case that said "XF-40 1845-O eagle". I asked to look at the coin, pulled out my 5x glass and started looking the coin over. I noticed that the date on the coin was very clearly "1843"! (Bid for the '45-O is $550 in XF; Bid for the '43-O in XF is $345) I said to the dealer: "You know this coin is mislabeled, right?" He looked surprised and I handed it to him. He said: "Our customer just sent this in! Well, this just proves - don't just buy the holder!" then he said: "I'm gonna make ICG buy this back." (He said he had paid '45-O Bid for it.) As far as the coin itself, I thought it was a just-barely XF - it was very baggy.
I looked for Seated Dollars and O-mint gold and learned yet again that it's really, REALLY, hard to find those coins with original surfaces - even in PCGS and NGC slabs!
By the way, the show flyer said that they'll be back next year - August 11-13.
Check out the Southern Gold Society
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Experience the World through Numismatics...it's more than you can imagine.
I loved the 1865 PR Set (gold included) and the 1793 Chain Cent in PCGS AU55.
The ANR sale blew what little mind I had left!
Mike
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
<< <i>I just got back from the NY Invitational. On the buy-the-coin, not the holder front, Julian Liedman showed me a very nice 1854-O eagle . >>
Glad to hear that Julian is still going strong--for some reason he's missed the recent Long Beach shows.