Coin Show Report - Parsippany, NJ
DaveG
Posts: 3,535 ✭
I just got back from the monthly 80-dealer, First Sunday of the Month show in Parsippany, NJ. Although I've been going to this show for a decade, I've never gone in the summer, so I wasn't sure if anyone else would be there. Much to my surprise, all the tables were occupied, although many of the regular dealers were absent, so there were a lot of dealers who were new to me. Floor traffic, while not as heavy as usual, was still substantial and it wasn't easy to get down the aisles. (Usually it's very hard to get down the aisles.)
As other show reports have noted, there were many, many more NGC-slabbed coins than PCGS-slabbed coins. Except for one dealer who had a case full of PCGS slabs, most dealers might have had two or three PCGS slabs in a case otherwise full of NGC slabs.
I did not see a single ACG slab. I did see a lot of TrueGrade and several NuMistrust slabs, though.
In addition to the usual large population of Morgan and Peace dollars and classic commems, there was a decent amount of nicer older type coins. I didn't see any Old Tenor gold, but I saw a couple of Classic Head pieces (one half eagle and a quarter eagle). I saw three or four pieces of no-motto Coronet gold, including one D-mint half eagle, but nothing terribly exciting. I did, however, see two NGC-slabbed Daddy Dollars: an 1802(?) in AU-50 and Tom Hyland had a 1799 in VF-30 (I think). Tom also had an 1806 Half (knobbed 6, small stars) in PCGS VF-30 (a very handsome coin!). Tom also had a Chain Cent, on which the date was reasonably clear and the Chain was very clear. The coin looked a bit beat-up, otherwise, but still, what a piece of history!
As for myself, I picked up a couple nice items: an XF raw 1822 Bust Half with some rather attractive blue toning on it; and a VF+ raw 1851-O Seated Half. The coin is very nice and "dirty" (just the way I like 'em!). As you know, it's hard to find pre-1853 Seated halves, harder to find nice examples and even harder to find mint-marked pieces. (The Seated Half I grabbed just after Tom Hyland bought it - heh, heh, heh!)
All-in-all, it was a busier (and better) show than I expected!
As other show reports have noted, there were many, many more NGC-slabbed coins than PCGS-slabbed coins. Except for one dealer who had a case full of PCGS slabs, most dealers might have had two or three PCGS slabs in a case otherwise full of NGC slabs.
I did not see a single ACG slab. I did see a lot of TrueGrade and several NuMistrust slabs, though.
In addition to the usual large population of Morgan and Peace dollars and classic commems, there was a decent amount of nicer older type coins. I didn't see any Old Tenor gold, but I saw a couple of Classic Head pieces (one half eagle and a quarter eagle). I saw three or four pieces of no-motto Coronet gold, including one D-mint half eagle, but nothing terribly exciting. I did, however, see two NGC-slabbed Daddy Dollars: an 1802(?) in AU-50 and Tom Hyland had a 1799 in VF-30 (I think). Tom also had an 1806 Half (knobbed 6, small stars) in PCGS VF-30 (a very handsome coin!). Tom also had a Chain Cent, on which the date was reasonably clear and the Chain was very clear. The coin looked a bit beat-up, otherwise, but still, what a piece of history!
As for myself, I picked up a couple nice items: an XF raw 1822 Bust Half with some rather attractive blue toning on it; and a VF+ raw 1851-O Seated Half. The coin is very nice and "dirty" (just the way I like 'em!). As you know, it's hard to find pre-1853 Seated halves, harder to find nice examples and even harder to find mint-marked pieces. (The Seated Half I grabbed just after Tom Hyland bought it - heh, heh, heh!)
All-in-all, it was a busier (and better) show than I expected!
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Comments
Where in Parsippany was the show held?
Bill - formerly of North Bergen, Ramsey, Wayne and Lakewood, N.J.
I don't think that NGC's location influenced the selection at the show. Actually, I seem to recall that there were more PCGS slabs a few years ago, when NGC was located in Parsippany!
I don't know - either PCGS is focusing on moderns (which most dealers at Parsippany don't carry) or else there are a ton of PCGS-only buyers out there, and they're leaving the NGC slabs for the rest of us to cherrypick!
By the way, I forgot to mention earlier that there was a dealer who had a box of inexpensive slabs, including a Mercury dime in a PCGS rattler slab. He had a label on the slab that, instead of saying anything about the coin (like "PQ"), said instead "First PCGS slab"!
Obviously, slab collecting is taking off!
Check out the Southern Gold Society
<< <i>I am also seeing more NGC slabs lately. I suspect it is because of their quicker turn-around times. Dealers need to turn their inventories quickly. They do not want to hear about continuing failures to meet grading turn around times...or stupidly long turn around times for lower valued coins. This is a business and what you are seeing is businessmen reacting to the actual business environment. >>
Very interesting. If this is the case then the implication is that these coins are
being held in collections by the buyers.
DaveG: Thanks for the show report. These are always interesting.
It's good to see the Parsippany show still going strong. When I started getting interested in coins back in 1972 I would go there every month. (I grew up in Whippany, the town next to Parsippany).
BTW, NGC is in Florida, not Parsippany.
Rick Snow
“It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” Mark Twain
Newmismatist
And yes Tom Hyland's 1799 dollar was a sight!!
Picked up two H10c- 1835 small date, small 5C in XF and 1835 large date, large 5C in G.