My Central States Show Report!
chabot510
Posts: 1,291 ✭
I decided to take a few days off of school to conduct a little business in Columbus. I arrived at the show at around 11:00 am on Thursday. I did not have a table at the show so my goal was to just wholesale some coins to other dealers. When I arrived there were still a few empty tables on the bourse, with what seemed to be very little floor activity. I think the $50 early bird fee kept many away. General admission began at 2 pm I believe.
Wholesale at the show was very, very strong. I had little trouble selling nice coins, even at pretty significant premiums over listed prices. Gold was especially hot. Some dealers were trying to buy all the gold that they could, while others where frightful of the yellow stuff. Every gold denomination seemed to be selling well.
Other areas of the market that seemed strong were generic Morgan's. With the increase of silver prices, many dealers seemed as if they were stocking up on them due to high silver prices. Just about every area was strong at the show, or at least from my perspective. I was able to pick up a few nice pieces, although buying nice afforable items proved difficult. I picked up a few items at the Heritage sale, including a gorgeous original 1836 reeded edge half and a very cool looking late die state bust half that is an R-4 with clearly visible profile strike doubling.
I, as well as a few other dealers I was talking to, thought that the SP 67 half disme was a bargain at only 1.3 million. The coin is truly spectacular in hand and a very important piece of U.S. numismatics. If I had that kind of money, I would have been a buyer. I bid unsuccessfully on the two other half dismes.
Other dealers that I spoke with all commented that the show was either very good or excellent for wholesale. Retail traffic seemed to lag tremendously. Columbus is just not a coin town. Personally, I think the local Parsippany usually has more floor traffic than this show did for the entire weekend.
While at the show I was able to meet and run into a few board members, including; cape, bothuwi, beartracks42, coinguy1, wayneherndon, and kranky. I wanted to stop by to say hello to Cameron, but was too busy.
I did very well at the show and was glad to take a few days off of school. I was even able to find some decent nightlife (courtesy of OSU; 15 keg party) despite the beliefs that Columbus is a dead city.
Wholesale at the show was very, very strong. I had little trouble selling nice coins, even at pretty significant premiums over listed prices. Gold was especially hot. Some dealers were trying to buy all the gold that they could, while others where frightful of the yellow stuff. Every gold denomination seemed to be selling well.
Other areas of the market that seemed strong were generic Morgan's. With the increase of silver prices, many dealers seemed as if they were stocking up on them due to high silver prices. Just about every area was strong at the show, or at least from my perspective. I was able to pick up a few nice pieces, although buying nice afforable items proved difficult. I picked up a few items at the Heritage sale, including a gorgeous original 1836 reeded edge half and a very cool looking late die state bust half that is an R-4 with clearly visible profile strike doubling.
I, as well as a few other dealers I was talking to, thought that the SP 67 half disme was a bargain at only 1.3 million. The coin is truly spectacular in hand and a very important piece of U.S. numismatics. If I had that kind of money, I would have been a buyer. I bid unsuccessfully on the two other half dismes.
Other dealers that I spoke with all commented that the show was either very good or excellent for wholesale. Retail traffic seemed to lag tremendously. Columbus is just not a coin town. Personally, I think the local Parsippany usually has more floor traffic than this show did for the entire weekend.
While at the show I was able to meet and run into a few board members, including; cape, bothuwi, beartracks42, coinguy1, wayneherndon, and kranky. I wanted to stop by to say hello to Cameron, but was too busy.
I did very well at the show and was glad to take a few days off of school. I was even able to find some decent nightlife (courtesy of OSU; 15 keg party) despite the beliefs that Columbus is a dead city.
Nick
0
Comments
I remember going over to a NERCG auction in Boston my senior year and bidding on an 1802 half (XF45) that was sharp as a tack (AU53 today). I won it too at $575. I knew then that the darn things never showed up in XF. Unfortunately I fell for the $50 profit soon after and moved along. Dumb!
Are you bringing home any Liberty Seated goodies?
roadrunner
<< <i>Thanks for sharing your report!! Sounds like you had a good show and party! >>
both were excellent. OSU was an awakening, a school more than 3 times the size of mine.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
i apologize about dinner. i was really looking forward to a big CU member dinner. I just had to stick around the convention center due to safety and convenience reasons. how was the show for you?
It was a pleasure to meet you. I have a great deal of admiration for a young person who recognizes someone that he has heard of and walks up and introduces himself. A great deal of the pleasure that I had at the CSNS show was spending some time with forum members. And, I especially am impressed with both you and Cameron Keifer. Both of you are verynice young men who will do very well for yourselves and our hobby. IMO
It was nice to meet you as well. I apologize about dinner. I was really looking forward to it, but was unable to attend due to safety and convenience reasons. I felt much more comfortable by the convention center, epecially if I were to be walking by myself. I hope to see you at future shows!
<< <i>we also had a great dinner at the brew pup and great pale draft during our stay at the pub. >>
dinner was enjoyable. i was envious of you guys being able to sample all the fresh beers.
David Akers and Paramount was very big in SW Ohio back in the 1970's. Of course, Coin World was born in Ohio in 1960.
Even Oreville played "dealer" in Cleveland for 5 years in the 1960's. Thankfully, he was talked out of it by none other than Emory Mae Norweb. She sure shamed Oreville back to being a collector.
Ohio was a very strong coin collecting and dealer state along with Missouri and the east and west coast as late as the late 1970's.
TD
They were great shows!
-donn-
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)