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Coin Show Report - White Plains, NY

I went to the three-day, four-times-a-year, show in White Plains, NY today. This show usually features at least 100 dealers (although about a third of them are stamp dealers). Those of you who remember my previous reports on this show may recall that I've often said that this show just doesn't have the "buzz" of Parsippany. Well, today the show had some "buzz" - the floor traffic was the heaviest I've seen and it seemed like a lot of business was getting done.

I chatted with Jon Lerner, who confirmed that the new ANACS slabs can, indeed, be broken open with one's bare hands. I mentioned this to him when I first saw him this morning, and later, when he sold two AU-58 Morgans to a customer who said he was going to crack them out and put them in his album, he asked if he could make the attempt. He did break them open with his bare hands and said that the plastic was suffiently brittle that it broke into too many pieces to put back together.

Like at Baltimore, I saw a lot (relatively speaking, of course) of C- and D-mint half eagles (all slabbed). Many of them were at Don Hosier's table. He's the East Coast rep of the Goldberg's, so some of those coins may have gone unloved and unwanted at a recent Goldberg auction. By contrast, I saw very few New Orleans gold coins.

There was, on the whole, not a lot of fresh material at dealer's tables. (Understandable, only a week after Baltimore.)

The general public seemed to be out in force, though. I overheard this from two people today: She asked: "Why do you call them Philly and Denver quarters? Aren't they all 'Nevada' quarters? He said: "There are two mints. They minted each of the state quarters at both of the mints." Oh well, at least they spent $25 buying two rolls (one P and one D) of Nevada quarters from a dealer. I overheard another dealer urging a customer to "load up on gold - it's going to go through the roof!" There was a lot of bullion-type gold available and I saw at least two people shopping for double eagles.

On the other hand, I saw several people selling junk silver to dealers: I understand dealers were paying as much as 7.3x for 90% silver and $25/roll for 40% Kennedies. (I'll have to dig mine out of the back of my file cabinet!)

I didn't see much that appealed to me today, but I did pick up a nice raw VF+ 1925-D Merc for my Dansco set.

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Comments

  • RYKRYK Posts: 35,797 ✭✭✭✭✭
  • dizzyfoxxdizzyfoxx Posts: 9,823 ✭✭✭
    Good reading.image
    image...There's always time for coin collecting. image
  • cladkingcladking Posts: 28,701 ✭✭✭✭✭
    It's amazing how active shows are getting. It does look like there
    are a lot of newbies and even some general public who just happened
    to spot it.
    Tempus fugit.
  • ScarsdaleCoinScarsdaleCoin Posts: 5,244 ✭✭✭✭✭
    Like to add that while the silver should trade up to 7.3 x it appears that the small dealers are a bit overloaded and not really willing to go to that number...most feel more comfort with a 7 to 7.2 x number .........like to add that I was really very happy to see some "buzz" back at White Plains after several past shows being dead.....In fact both Don who has the table next to me and myself were so busy that neither of us could grab a sandwich till about 3pm when traffic lightened up....one more day SUN to stop in.....be aware that several dealers are moving on to shows in Long Island and NJ but a good number will see be around and happy to make deals.....If anyone needs anything shoot me an email and I will try to bring it in.......happy to also give Kudos to Larry Gentile who runs the YN program.....its great to see lot of fresh new young kids getting into the hobby and talking with parents they have come from all over to attend today.....we gave away lots of little gifts and there is nothing better than seeing a happy camper have a positive time at there first show! For all you dealers, or weekend dealers.....give some stuff to the little ones.....there are your customers for the next fifty years! PS: It was fun trying to crack the new ANACS slabs....you can break them with your hands....be careful they break with very sharp pieces....I doubt you can crack em in such a way to put them back together without noticing....the plastic is quite brittle and it becomes shattered into many pieces..
    Jon Lerner - Scarsdale Coin - www.CoinHelp.com
  • carlcarl Posts: 2,054
    Always glad to hear coin show reports. Even from places I never heard of. That NY place I mean. Just kidding. Good report.
    What about age groups? I appears every show report says nothing but old men. What about your show?
    Carl
  • I was most happy to unload a pile of junk silver at Baltimore at 7X --and pick up a key date I couldn't afford before!! Looks like a few NY collectors are switching too!image
    morgannut2
  • ScarsdaleCoinScarsdaleCoin Posts: 5,244 ✭✭✭✭✭
    Sat brought in a varied mix...sure older male but there were a lot of woman there, plus entire family and children from a few years and up.....was one of the busier crowds that WESPNEX has had in many years.....a few dealers like Dave from Cosmique and Danny from Westhampton LI bailed out Friday but they should have stayed....tables were busy and I would be happy if I see just 1/2 the crowd tommorow.... lots of silver selling but I stick to what I said before...that I think Silver will keep going.......in the short term for the next week I do not see gold moving do to Fed/Interest Rates etc...but we shall see
    Jon Lerner - Scarsdale Coin - www.CoinHelp.com
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Unexplainable double post. Deleted.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    This is interesting. I've passed on the downstairs White Plains shows for many years because it has been very dull. Nice to hear things are picking up. Ever since Sterling Gambino (and others) went from selling Gem proof Barbers to just "stuff," the show seems to have lost something. Guess you call that market cycling. Thanks for the report.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • LongacreLongacre Posts: 16,717 ✭✭✭
    image
    Always took candy from strangers
    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)
  • NumisOxideNumisOxide Posts: 10,997 ✭✭✭✭✭
    Thanks for the report.

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