First reports from L.B. Show

Bear

I spent about 3 hours walking the floor. It seemed very quiet and subdued to me.

I think the extended schedules of shows and auctions has finally blown away the dealers.

A number of dealers have in recent months, bought and sold large dollar amounts of coins.

The clients have been slow in paying off their purchases. This means that money is tight.

These dealers will buy coins if they have a specific want list from a client for the coin, but

would rather pass otherwise.I did more selling today then buying. Received a very fair buy

price from Larry Whitlow and was very pleased. Traded a magnificent Susqui Commem in MS-65

and a Grant cStar $1 in PCGS MS-67 to Larry Shepherd for a magnificently toned Ike Dollar 1978-s

PCGS PR-68 DCAM, a Morgan Dollar 1899-0 in PCGS MS-67( Larry Shapiro Collection )which verges on a MS-68

and finally a Barber Quarter 1893 in PR-67 Cam that is a shot 68 DCameo. Sold a Barber Half to Wayne Herndon

for a very fair price and bought a 1977-s in NGC PR-68 Cameo gold and blue toning from Bryon Osborn. I noticed that

a number of dealers did not put any stock out at all and just sat by empty tables. A number of better known companies

including Legend , Pinnacle, Larry Whitlow, Wayne Herndon and Larry Shepherd seemed to have people at the tables

but I notice a large number of other companies just seemed to be sitting with no visable bussiness. It appears that things may

be quieter untill the end of the year, although the market over all should continue steady to strong. I did see Idaho Gal and I

gave her a great big bear hug for everyone.

Tomorrow, Forum members will meet at the Information booth inside the Hall at 12:00 Noon for lunch and tall tales. Remember all

go to table #743 ,Texas Bullion Traders (Forum Member) if you need any PCGS Plastic coin boxes. They are free to Forum members who ask

for them

JrGMan2004

Sounds like Fun Bear!! Can't wait for some pictures

coynclecter

Thanks for the report, Bear. Wonder why thier cases are empty?


Maybe the dealers have churned the same coins over and over with each other and now need some collector money. Ebay sure seems to be active. Can't seem to get too much without paying a premium. I'll be there on Saturday to see who's buying.

BTW If I take a coin to PCGS for a oneday at the show, how many hours does it take?

RYK

Thanks for the report, Bear.

I personally am getting coin "fatigue" and plan to hibernate for a while.

Tootawl

Bear, did the dealers have a lot of currency?

Bear

I did see a number of currency dealers with wads

of old horse blankets (big bills). Since I dont collect

such, I didnt really pay much attention.

KollectorKing

I was there right after the show opened. Went straight to table #743 and they were just putting out the blue boxes. Of course I picked up one, thanks bear

Then I visited two of my favorite dealers to "hawk" my CC Morgans. I negotiated quite a bit with the first dealer, and after several back and forth gentlemen offers and counter-offers I was able to sell my 1889-CC NCG MS60 PL and some MS65 85-CC for pretty good money. Thanks Tom!

Off I went to visit the 2nd dealers. I showed him a bunch of 93-CCs, 94-Ps, and 78-CCs. I had forgotten to bring my 92-CCs Just like the first interaction with the first dealer, a deal was stuck on a couple of MS62 93-CC's for "ok" money. Thanks, Steve

From my perspective, CC Morgans are as scorching hot as ever...with no let down in sight.

cdwegner

Who's running table 743?

c

coynclecter

I have a 78CC in an old holder thats a sure upgrade to 65, looks PL too. I'm gonna walk it through for an upgrade and maybe go for a sell. (Bought too much stuff this month) Any idea what real nice one would get and who might buy it??

KollectorKing

Table 743 - Texas Bullion Traders, a board member.

coynclecter

Thanks

cdwegner

<< <i>Table 743 - Texas Bullion Traders, a board member. >>



Good deal. They are also TCCS reps in attendance, yes?

KollectorKing

coynclecter -

If you want "strong" money for the 78-CC Morgan, get it slabbed in a PCGS holder. There is a tendency for dealers to pay more if the coin is tombed in a PCGS holder, despite what the coin looks like

DesertRat

Getting up early tomorrow morning to hit the gym then make the drive to LB. Looking forward to it as this will be my first coin show to attend.

coynclecter

Thanks KK,thats my plan,any idea what "strong" money is for a 65 semi PL?

Colorfulcoins

I was there today and Bear's description was right on the money!

KollectorKing

coynclecter -

Not sure what grey sheet bid/ask is, but the last two sold at Heritage's Auction garnered the following prices:

NGC holder 8/04 $1,610 including juice,
PCGS, 7/04, $1705 juice included.

Hope that helps.

coynclecter

grey sheet says 1800/1950, I was hoping to get +10% or so for a semiprooflike

Goldberg just sold one at 1800, looked real nice. Fairtraders has one listed on ebay for 2350

KollectorKing

coynclecter -

Thanks for the info. and update. The 2nd dealer I spoke to stated that a lot of CC Morgans at Goldberg's auction "sold for over sheet."

satootoko

Here's a Darksider's look at the show.

It was nice to meet Bryan (Texas Bullion Trader) , Bear , and IdahoGal . Unfortunately another committment will keep me from making the lunch tomorrow.