CSNS Columbus Show

TheRaven

Spending most of Friday walking the floor and picking up some stuff a few things amazed me never having been to a show like that before.....

- The number of dealers that on signs or notes stating wholesale only

- The number of dealers which seemed to be everywhere but there tables

- 1901-S Quarters are common coins, I think I saw 10 of them on the floor today

- Morgans and Saints are everywhere in amazing numbers

- I AM POOR

curly

I spent the day there also. I got there early so I could talk to Rick Snow about proof IHCs. What a nice guy. He spent a lot of time with me showing me various grades and talking about Indians. I prefer brown ones. He told me the better ways to collect them. He even borrowed someone's matte proof 1910 Lincoln to show me. He even let me examine a $65,000.00 IHC.

I noticed the "bulk dealers" doing a lot of business. I have to say, it wasn't very crowded and I suspect more than a few dealers will be gone tomorrow.

TheRaven

I think that alot of dealers will be gone tomarrow, which is a shame, but that is why I went today instead.....

There where a ton of beautiful early (pre-36) proof coins there, the matte gold made me drool.....

I think I need to put together a 36-42 proof set run, some awesome coins.....

There was alot of buisness being done that was obvious.....

roadrunner

Saints may be everywhere but try to buy them at listed prices.
And especially nice ones. I have a sizeable buy order for any generic smaller gold (63-66) at the CS show with a gold wholesaler and in 2 days he's found only 2 coins.

1901-s quarters are common compared to other key dates in the bust and seated series. It's one of the reasons I never bought one. Was more infatuated with getting a 60-s or 72-s quarter when they cost much less the 01-s are were 30-60X rarer as well. But nice Fine to XF 1901-s quarters are scarce as hen's teeth.

roadrunner

TheRaven

All the 1901-S Quarters where AG-VG, hey VG-10 is my top end on Barber stuff , don't need all that extra detail.....

There was more pre-34 gold then what you where looking for (small gold 63-66).....

golddustin

Maybe I missed it, but I was there from 10am - 1pm , and did not see alot of what appeared to be big transactions. Did notice the wholesale only signs - many more than usual. This show gave me the distinct feeling that the coin boom may be ready to take a breather - I had 2 very nice coins that cost me a total of $10,300, which I shopped around at several tables. The best offer I got was $800 less than my cost, and that was from a major auction house. Seems that no dealer wants inventory right now - if they have a buyer, they'll make a fair offer, if not, it's a low-ball bid or the monotonous "That's not for me."
As I said, I didn't have a lot of time to look at everything, but it seemed to be rows & rows of Morgans, Saints and commems....nothing caught my eye - I was disappointed overall.
Another note - PCGS stopped taking walk-thrus before noon today - looks like most dealers are trying to upgrade & flip coins quickly, if possible - has anybody ever seen that happen before at a fairly big show? Or is it a common practice for a TPG?

TheRaven

I agree it was a bit disappointing to see all the Morgans there, your description is accurate.....

Left today with 1/4 of my budget still in my pocket so.....

Heard a number of dealers talking about big buisness.....

roadrunner

Please bring me original and attractive gem MS and PF seated dimes to dollars so I can buy them. They are not available on any bourse as a rule. And if they are, they are way over listed prices. That stuff will sell to the first buyer who sees it. The typical conserved swill or low end crap is as always, a tough sell. And it will only get tougher.

I would not be surprised that some of the registry set material that has gone up like crazy is taking a breather. But early bust and gold are plenty hot. Type has still not broken out on the sheets because dealers are still trying to load up before they start to raise bids.

roadrunner

TheRaven

Good original seated stuff, yea that is easy Just look original nice Barbers

elwood

<< <i> Did notice the wholesale only signs - many more than usual. >>



Ohio Sales Tax.

Coinosaurus

I bought one coin, and the dealer did not add sales tax to the quoted price. Instead he writes up the invoice to "include" the tax. Seems he did that math pretty fast in his head. If sales tax is 7%, you have to divide by sales price by 1.07 - not an easy calculation even for the human calculator (tm).

Makes me wonder if they actually come and around and collect it from the dealers, or how do they know the dealers are really paying it

chabot510

the dealers that had the wholesale only were really only concerned about the 6.75% sales tax. coleman foster was doing strictly wholesale w/ minimum orders of 1,000 w/o charging sales tax. luckily for my sake i was able to pick up a nice xf 1810/09 1c in PCGS VF 35. a real gorgeous piece that i was only able to hold onto for a few hours.

a lot of business was done at this show. most dealers that i had talked with reported awesome sales. the floor traffic was weak, but wholesale was booming! there were a few nice coins scattered around, however, looking was the difficult part. i think that one of the rips of the day was a proof 64 brown 1883 IHC in PCGS MS 64 for $190. Although this is over sheet, this coin was a gorgeous violet/blue. A beautiful coin that I once again was not able to hold on to.

nice coins are selling like crazy!

RYK

...the floor traffic was weak, but wholesale was booming!

This seems to be the norm now for coin shows. Given the rise of the internet, improvements in imaging technology, and the ability for anyone to become a "national dealer" overhight, I doubt that this will change anytime soon.

goose3

I went down yesterday.

Left my house at 0857 and was in the show and walking around by 1015. Left for lunch with Kiefer, Kranky, and a few others around 1245. After lunch I walked to my car and went home.

LAME show. Bob Taft and the Ohio Legislature are morons. Dealers didn't have much stuff out and there weren't THAT many there. THe few that had anything of interest to me weren't interested in being friendly or getting off of their asses so I moved on. After Kranky and I stood at his table for what seemed like a couple of minutes.....and after he FINALLY decided to look up, I told John Hamrick that he didn't need to get up but could tell me a price on a gold piece.

I was walking past Butternut's table and a guy was there offering some coins or conder tokens. Butternut asked what he wanted for them and the guy tells him "Bid". Butternut proceeds to tell the guy that dealers buy back of bid and sell their stuff AT bid. I was then very tempted to ask to see and for a price on a slabbed coin or 2.


Highlight of the show was meeting Lloyd and Stewart and of course talking smack with Stguru, who was letting everyone fondle his ladies.

The Baltimore show blows/blew the Ohio show away.

I also attempted to grade a box of coins for Kiefer. It was morgans, walkers, and peace dollars. It was pretty interesting.

291fifth

The "wholesale only" bit is going to negatively impact show attendance. A very bad idea on the part of the dealers who did it. I'll bet the CSNS show organizers are not happy...and are taking names. If the dealers want wholesale only shows they should revive the "Bull 100" style show of the 80's.

kranky

<< <i>I also attempted to grade a box of coins for Kiefer. It was morgans, walkers, and peace dollars. It was pretty interesting. >>



My sources tell me you did a pretty good job on that grading test.

jdimmick

There were several 01-s quarters on the floor, all AG-Vg as mentioned, the only choice fine at the show was in my pocket!! A few folks wanted me to bring it , and I enjoyed showing it around. I got so many incredibly strong offers to purchase it, but it came back home with me as I have no intention of selling it at this time.

jim

Scioto

Sorry to hear the state sales tax issue has had such a wet blanket effect on the show. Sounds like it's turned into an exercise in waiting (for the show to end).

I could be there in less than 20 minutes but think I'll just stay home and pull weeds.

Thanks to all who've reported in! Hope you at least had good meals and a comfy bed for your efforts.

CoastGuard

No, you should go. It took me about 3.5 hours and it was worth it. Checked out some Heritage auction stock. Did the ICG interactive coin grading exercise. Decent exhibits. Plenty of dealers for retail. Good discussions. Many other states have sales tax and have coin shows too. Just depends on how the dealer wants to handle it. Some will require tax at sale. Some will eat it. Some will ignore it. Much better than picking weeds!