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FUN Show and PCGS Luncheon

HighReliefHighRelief Posts: 3,728 ✭✭✭✭✭
Just getting back on Monday, we had a great time in Florida with friends and attending the FUN Show. My wife and I flew into West Palm Beach and stayed a couple of days before we drove up to the Show on Thursday. We booked ourselves into the Hilton, just a couple of miles from the Convention Center. When we arrived at the show, we ended up having to park about a half a mile away from the entrance it seemed. You could tell right away this was going to be a big show.

After we signed in and received our name patches we entered the Bourse Floor, which looked like the size of three football fields. Here is a picture from the Heritage Legacy Room.



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Here is another one that I took looking back up at it.



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We first went over to the PCGS table to submit a few coins for Vam Designations and check out the PCGS display of coins. Some of the coins that they displayed are ones that they have found to have been altered. One that caught my eye was the 1927 with the added D.




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Here are a couple more Saints that they use when they grade them for deductions and comparison. I was surprised that they take off one full point for copper spots.


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We stoped off at Don Rinkors table that he shares with PQdollars and checked out some nice PL and DMPL Morgans.

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My wife was very happy when she found out they were selling jewelery. Here she is looking over the goods with one of the sellers.

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On Friday, we attended the PCGS Luncheon around 11:30. When we came up to the table to sign in, PCGS handed us a limited edition PCGS Luncheon Washington Proof Dollar.


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The food tasted great, especially the eggplant dish and caesar salad.

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Over lunch I talked coins with some fellow collectors at our table. Bill, who collects early gold specializing in the civil war years, and Jon, who collects PL and DMPL Morgans. We all ended up going out for Chinese food that night with our wifes and talked coins for a couple more hours.


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Ron Guth did a presentation on the evolution of coins and talked about the history of coin grading.

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David Hall suggested that we hold on to our nicer coins. Records keep on breaking for the better coins out there.

Saturday I picked up two Morgans at the Heritage Auction, a 1893 MS63 Morgan lot 5550 and the 1900-O/CC Vam-8 in MS65 lot 5648.
Both of these coins are in the OGH's and are showing nice luster.

I had a great time and hope to do it again next year.

A BIG THANK YOU TO PCGS for putting on the luncheon and giving out the PR Dollars, they did a great job.

This nugget is the largest one ever found in the western hemisphere.

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Here are a couple of original toners with some nice color that PCGS put out on display.
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Comments

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    Great report and pictures, thanks for sharing!
    imageQuid pro quo. Yes or no?
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    mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
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    Great report. I also didn't know they took a point of off saints for copper spots.
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    NumisOxideNumisOxide Posts: 11,037 ✭✭✭✭✭
    Nice report and pics.
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    Cool post. Thanks.image
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    ConnecticoinConnecticoin Posts: 13,275 ✭✭✭✭✭


    << <i>Great report. I also didn't know they took a point of off saints for copper spots. >>



    Only if they affect eye-appeal to the extent on that coin. Otherwise, if they are less prominent, little or no effect on grade. They also are indicators of originality, and one definitely should not try to dip them off!!
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    Great pics and report....I wonder if I know any of the folks in those pics??? image
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    See if you can find Mercury10c in one of those pics. He's there.
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    19Lyds19Lyds Posts: 26,503 ✭✭✭✭
    Thanks for sharing!

    I wish I could have gone.............. but then I know me!
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
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    I look foreword to seeing a video of the PCGS luncheon meeting posted. Previous luncheon videos have had some very good information and insight from leading experts.

    Link
    Never teach a pig to sing. You'll waste your time and annoy the pig image

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    saintgurusaintguru Posts: 7,728 ✭✭✭


    << <i>Great report. I also didn't know they took a point of off saints for copper spots. >>



    That's rather funny. I love copper on Saints.

    Some of the rarest Saints are copper spotted.

    1921 MS66 POP1 ex: Goddard/Connecticut Bank
    1927-S MS67 POP1 Likely Norweb
    1908-S MS67 Ex; Norweb

    Copper is 10% of the alloy. It blooms within a year or so of mintage. It should NOT be a take-away and David Akers always preferred copper on coins.
    image
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    SeattleSlammerSeattleSlammer Posts: 10,124 ✭✭✭✭✭
    Many thanks. It's so cool to see pics when you can't be there.
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    Cool pictures! Thanks!
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    guitarwesguitarwes Posts: 9,308 ✭✭✭

    Finally some pics! Thanks.


    How about that girl diggin' in her butt!....nice timing!....the first picture under the Saints.

    wes
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
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    coinnutcoinnut Posts: 1,434 ✭✭✭✭✭
    Great report and thanks for the pics. For those of us that couldn't make it to the show it's nice to see lots of pictures.
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    Thanks for the pictures. I'd like to make it to that show some day. I've heard it was the biggest show, but the bourse looks quite a bit smaller than the Long Beach bourse. Which one is larger?


    Bob
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    ElcontadorElcontador Posts: 7,740 ✭✭✭✭✭
    Bob - It actually looks much larger than Long Beach. A good 1/3 of Long Beach has non coin-related booths. From the pic, it looks like the Long Beach circa 1990 in terms of activity.
    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
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    crispycrispy Posts: 792 ✭✭✭
    Was the cherry cobbler any good?

    Seeing the "Heritage Legacy Room" reminds me of Wall Street. SELL, MORTIMER, SELL!!!.

    Thanks for sharing.



    "to you, a hero is some kind of weird sandwich..."
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    jhdflajhdfla Posts: 3,030 ✭✭✭
    Cool pics, thanks for posting them. In the first picture almost dead center, I'm the guy in the white shirt seated at the dealers table...

    John
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    mozinmozin Posts: 8,755 ✭✭✭
    Thanks for the nice pictures.image
    I collect Capped Bust series by variety in PCGS AU/MS grades.
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    SwampboySwampboy Posts: 13,238 ✭✭✭✭✭
    Excellent photo essay HighRelief.image


    Saint guys, aren't those copper spots huge? I've never seen (pictures) them bigger than that and am wondering if the deduction wasn't for 'copper spots' per se but because these particular spots are detracting.

    "Inspiration exists, but it has to find you working" Pablo Picasso

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    lkrarecoinslkrarecoins Posts: 2,137 ✭✭✭
    wow, I have to get to this show some day.....looks awesome...Thanks for the visuals
    In Loving Memory of my Dad......My best friend, My inspiration, and My Coin Collecting Partner

    "La Vostra Nonna Ha Faccia Del Fungo"
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    PerryHallPerryHall Posts: 47,534 ✭✭✭✭✭


    << <i>Saint guys, aren't those copper spots huge? I've never seen (pictures) them bigger than that and am wondering if the deduction wasn't for 'copper spots' per se but because these particular spots are detracting. >>



    They appear on other US gold coins and aren't just limited to saints. This is an extreme example and a dealer would have a tough time selling this coin to a collector and would have to discount it severely to move it.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    GoldbullyGoldbully Posts: 18,501 ✭✭✭✭✭
    Great post, HighRelief!!!!!!


    Hall, Guth at FUN 2008 PCGS Luncheon

    - January 16, 2008

    More than 130 collectors and dealers from around the country attended the Professional Coin Grading Service luncheon at the Florida United Numismatists convention in Orlando, January 11, 2008. Collectors Universe, Inc. President and PCGS co-founder, David Hall, and PCGS President, Ron Guth, discussed the history of coin grading, the possible future of grading, and answered questions from the audience.

    Hall emphasized to the audience composed of members of the PCGS Set Registry, PCGS Collectors Club and PCGS authorized dealers, “We seek your input. We seek your help. It’s your grading service.”
    Among the topics addressed by Guth and his comments:

    • Computerized Grading: “Maybe someday, down the road.”
    • Coin Recognition Software: “We are building a digital image database of rare coins.”
    • Fractional grades: “MS-61.5? I’m not sure how possible that is.”
    • 100-Point Grading Scale: “The 70-point grading system is so entrenched and big, it would be difficult and confusing to convert (to 100 points). It could wreck the market.”
    • Counterfeit holders: “There are serious problems with counterfeit holders being made…reverse engineering from China…. There are differences between counterfeit and genuine holders….(for example, in some cases, the counterfeit ones have misspellings.)
    • RFID (radio frequency identification Chips: “(The tracking devices) require so much energy to operate the transmitter (they are not feasible now use with encapsulation holders). One day, like LoJack for your car, you may be able to locate a stolen coin anywhere in the United States.”

    Hall offered one recommendation on numismatic investing. “Silver commemoratives are undervalued in today’s market,” he stated.

    For additional information, visit online at www.PCGS.com. PCGS is a division of Collectors Universe, Inc. (NASDAQ: CLCT)

    PCGS Link w/ pics

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    GoldbullyGoldbully Posts: 18,501 ✭✭✭✭✭
    image
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    pontiacinfpontiacinf Posts: 8,915 ✭✭
    nice pics!

    couldve warned this poor girl you were taking photosimage

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    Go BIG or GO HOME. ©Bill

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