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Silver Dollar Show Report, St. Louis, Oct. 9, 2004

RYKRYK Posts: 35,797 ✭✭✭✭✭
Today I visited the Silver Dollar Show from 10:30 AM to 12:30 PM. When I arrived, I found that the bourse was about two-thirds occupied, and there was a lot of packing up going on.

I made a beeline for the Broken CC-Northern Nevada table and visited Aaron and Allen, two very pleasant guys from Carson City. I sold two coins to them, and as always, they treated me very fairly. I also saw two rare CC gold coins at their table, a 70-CC $5 VF-30 and a 70-CC $10 XF-40. They were both nice, circulated, original problem-free coins which would look good in my collection...some day.

Then, I was off to visit old friends Dennis and James (of Jade and EarlyUS Coins). These are two of the nicest guys in the coin business, certainly in our area of the country. James had his personal collections on hand: his Standing Liberty and Washington quarters. I am usually attracted to the older coins, but his Washington quarter collection, in the Dansco album, is a knockout. Dennis had a neat 82-CC $5 PCGS AG-3 that caught my eye...until the impulse passed.

I toured what was left of the bourse looking for rare gold coins. Superior had some very valuable proof and early gold coins boldly sitting in an unattended case at an unattended table. I expect these are coins for a future auction. I saw very little mintmarked No Motto gold. There were two No Motto New Orleans tens, both overdipped, NGC AUs that were especially unattractive. I did not see a Dahlonega $5 on the premises. As usual, there were lots of Saints and quite a few late date generic Liberty $5's, $10's, and $20's, both slabbed and raw.

Fortunately, there were very few third rate slabs present on the bourse. Yes, one guy had a whole case of SEGS slabs, but this was an exception rather than the rule. PCI had abandoned their table and apparently had zero business the previous two days. NGC, PCGS, and ANACS were still there.

Retail traffic was not especially strong, but it appeared that the people who came to the show came to buy. I spent a total of $20 for three early date circulated Buffalo nickels for my son's collection and that was it.

Comments

  • I also attended the show both on Friday and Saturday. I also attended the Scotsman Auction Friday night. The bourse was reasonably attended early in the day on Friday, but basically a retail ghost town by 3 PM. Prices seemed within reason for most of the issues I looked at / purchased. I also saw no business being conducted by PCI. PCGS had some, NGC had some more, and ANACS was continually busy. I attribute ANACS traffic to the fact that they offer better onsite screening than the others. Heck, PCGS could just put up a drop-box for all the help they provided me at this show. I wanted to drop off a Collectors Club Quarterly submission, but they had an old list that didn't have me on it. Luckily, I had my laptop, and the hall was equipped with wireless broadband, therefore I had access to my records and e-mail. Most of the trading I saw was dealer to dealer. On Saturday morning when I returned to pick up auction lots, I figured I'd scan the floor again and was very surprised to see that many major dealers had already left (Heritage & Superior to name just 2). It appeared top me that there were several tables that had different dealers/collectors at them today than were there yesterday. These new faces appeared to be more "collectors" than dealers, and they did have a nice sampling of "collector" (raw) coins, as well as slabbed merchandise for sale. I have heard that this St. Louis show is mainly dealer-to-dealer, and having visited, now I agree.

    The Scotsman auction was attended by 75-100 bidders. From my observations, red IHC's were hot, along with high grade Jeffs and upgrade candidate Frankies. Errors did VERY POOR, often selling to internet bidders for 1/2 or less the catalog estimate. I managed to pick up a 71 no S proof set and a neat colonial error (a flip over double struck Fugio in VF).

    It was a 5-6 hr drive from my house (one-way), but I needed a coin fix because I dont plan on attending another until the Indiana State show in November, and then FUN in January.

    Too bad I missed ya RYK.......... Maybe next time !
    Cam-Slam 2-6-04
    3 "DAMMIT BOYS"
    4 "YOU SUCKS"
    Numerous POTD (But NONE officially recognized)
    Seated Halves are my specialty !
    Seated Half set by date/mm COMPLETE !
    Seated Half set by WB# - 289 down / 31 to go !!!!!
    (1) "Smoebody smack him" from CornCobWipe !
    IN MEMORY OF THE CUOF image
  • RYKRYK Posts: 35,797 ✭✭✭✭✭


  • << <i>Did anyone else go? >>



    Good morning Robert...

    Although I would like to have went I was unable to go.image
  • Did any of the services have sample slabs?

    Cameron Kiefer
  • RYKRYK Posts: 35,797 ✭✭✭✭✭
    Did any of the services have sample slabs?

    PCGS and PCI were already gone when I got there. I did not want to wake up the people at the NGC table to ask. ANACS did not.

  • Dang, but thanks for checking.image

    Cameron Kiefer
  • I saw exactly 2 people sitting down at the PCI table throughout the entire show. Saturday was pretty much of a anti-climax after the Auction Friday night. I can see how people who couldn't make it until Saturday would be disappointed. The dealers I saw at the coin auction I also saw still set up for at least part of Saturday. So some dealers were their from beginning to end.


    Jerry
  • Then, I was off to visit old friends Dennis and James (of Jade and EarlyUS Coins). These are two of the nicest guys in the coin business, certainly in our area of the country. James had his personal collections on hand: his Standing Liberty and Washington quarters. I am usually attracted to the older coins, but his Washington quarter collection, in the Dansco album, is a knockout. Dennis had a neat 82-CC $5 PCGS AG-3 that caught my eye...until the impulse passed.

    RYK, was the 82-CC in PCGS AG-3 too high grade for you? image
    www.jaderarecoin.com - Updated 6/8/06. Many new coins added!

    Our eBay auctions - TRUE auctions: start at $0.01, no reserve, 30 day unconditional return privilege & free shipping!
  • RYKRYK Posts: 35,797 ✭✭✭✭✭
    RYK, was the 82-CC in PCGS AG-3 too high grade for you?

    Actually, I thought it was a Fr-2 at best. And I thought you were asking moon money, to boot. image
  • Actually, I thought it was a Fr-2 at best. And I thought you were asking moon money, to boot.

    #1: I will have you know that coin was crossed from an ACG AU-50 holder

    #2: Gold is now over $420/ounce. You should have bought it when you had the chance. I just increased the price by $2 to reflect the soaring gold spot price.

    image
    www.jaderarecoin.com - Updated 6/8/06. Many new coins added!

    Our eBay auctions - TRUE auctions: start at $0.01, no reserve, 30 day unconditional return privilege & free shipping!

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