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It is about time we started to get reports from the bourse at LONG BEACH SHOW

BearBear Posts: 18,953 ✭✭✭
in U.S. Coin Forum
Whats hot, cold, luke warm. Any suprises?

What is the availability of varies series.

Did Laura smile at anyone?

How many holdups?

How were the TPG grading?

How many little old ladfies with BU
Flowing Hair Dollars were paid silver value.

Does anyone have any money left after all
of the big auctions?

Has the coin amarket peaked, plunged or soared?
There once was a place called
Camelotimage

Comments

  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    I bought an amazing run of proof gold image among other things

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • adamlaneusadamlaneus Posts: 6,969 ✭✭✭
    Thread. Pics. Worthless. Without. Proof! Gold! When?

  • ChrisRxChrisRx Posts: 5,619 ✭✭✭✭
    Would someone get me some PF65RB IHC's?
    image
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭


    << <i>Thread. Pics. Worthless. Without. Proof! Gold! When? >>



    image

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • tjkilliantjkillian Posts: 5,578 ✭✭✭
    I was trying sell some of my extra coins at Long Beach and I did not get any nibbles. I was surprised very few even wanted to know the prices of them. I only sold the half dime. image

    They were:
    1861 PCGS MS-66 Indian Cent
    1861 PCGS MS-62 Half Dime
    1909 VDB PCGS MS-65RED Lincoln Cent
    1923 PCGS MS-62 Standing Liberty Quarter
    1885 PCGS PR-64 Seated Liberty Quarter
    1893-CC PCGS AG-03 Morgan Silve Dollar


    To me, it seemed very slow. No one seemed to buying or selling. Almost scary. I did buy a 1854-O Quarter Eagle, VF, Raw.
    Tom

  • BearBear Posts: 18,953 ✭✭✭
    TJ, THAT IS EXACTLY WHAT CONCERNS ME.

    FREEZE UP OF CASH MARKET FOR COINS,image
    There once was a place called
    Camelotimage
  • 291fifth291fifth Posts: 24,784 ✭✭✭✭✭


    << <i>I was trying sell some of my extra coins at Long Beach and I did not get any nibbles. I was surprised very few even wanted to know the prices of them. I only sold the half dime. image

    They were:
    1861 PCGS MS-66 Indian Cent
    1861 PCGS MS-62 Half Dime
    1909 VDB PCGS MS-65RED Lincoln Cent
    1923 PCGS MS-62 Standing Liberty Quarter
    1885 PCGS PR-64 Seated Liberty Quarter
    1893-CC PCGS AG-03 Morgan Silve Dollar


    To me, it seemed very slow. No one seemed to buying or selling. Almost scary. I did buy a 1854-O Quarter Eagle, VF, Raw. >>



    Some of those coins, especially the cents, should have been quick sellers if we believe what has been written recently. This Long Beach may be the show that is remembered as marking the end of the boom and the beginning of the slowdown. Liquidity of rare coins may be declining though the pricing guides will probably be slow to reflect this.
    All glory is fleeting.
  • speetyspeety Posts: 5,424 ✭


    << <i>Did Laura smile at anyone? >>



    Doubt it, she's having computer problems. But she did win us a key-date seated dollar for just over half of our max bid image
    Want to buy an auction catalog for the William Hesslein Sale (December 2, 1926). Thanks to all those who have helped us obtain the others!!!

  • roadrunnerroadrunner Posts: 28,322 ✭✭✭✭✭
    This is why it is good to be down to a top notch box of 20 to 30 coins. I whittled down my extra 2 boxes from 2004-2007 knowing that eventually only the best pieces would be in demand. Now left with about 30 coins of high gem quality. And in hindsight, buying only the best pieces from the start would have been a better strategy. Yes, I'm a believer in the box of 20 strategy....at least for gem 19th century type.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • capecape Posts: 1,621 ✭
    For all you disbeleivers the BUFFALO NICKELS THAT I HAD CONSIGNED BROUGHT AMAZING PRICES FOR THE GRADES. The buff market along with any bust material that is pq keeps on rising up!image
    ed rodrigues
  • BECOKABECOKA Posts: 16,961 ✭✭✭


    << <i>This is why it is good to be down to a top notch box of 20 to 30 coins. I whittled down my extra 2 boxes from 2004-2007 knowing that eventually only the best pieces would be in demand. Now left with about 30 coins of high gem quality. And in hindsight, buying only the best pieces from the start would have been a better strategy. Yes, I'm a believer in the box of 20 strategy....at least for gem 19th century type.

    roadrunner >>



    I completely agree with this and have recently been whittling down as well. Although I am going for lower grade eye appeal and not necessarily top grades that I can't afford.
  • COALPORTERCOALPORTER Posts: 2,900 ✭✭
    Well, I won some coins in the Signature Sale and you couldn't tell there is much slow down with MS64+ material. Even low grade stuff like MS61 common trade dollars for $1500, which was about twice the previous high. I think there were a few bust $ for 100K + and some really high prices for early seated halfs.
  • truthtellertruthteller Posts: 1,240 ✭✭
    Remember the summer Long Beach, 1989? Not quite that bad, but.......


    I attended Wednesday from 3PM-6PM. I stopped by the normal dealers with whom I do business.

    The first dealer wasn't buying since he is being deployed to Afghanistan.
    The second dealer wasn't buying since the coins were not colorful enough.
    The third, fourth and fifth dealers weren't buying because they weren't sure of the direction of the market.
    The sixth dealer wasn't buying because he had no money.
    The seventh dealer bought a couple of coins for essentially what I wanted.

    Then I went to the foreign section.

    Nobody was buying slabbed United States of Mexico.

    Interspersed with discussion were stories of some dealers bouncing checks, a couple of dealers owing money, a couple of dealers losing their credit lines since the banks took them away(apparently they used credit lines against their homes). Goodness, it was depressing.

    The story that stood out was of one collector turned dealer who had sold his business, the buyer went belly up, and the dealer had to take back the business. He thought he had good cash flow but ended up with too much real estate and a now bum business. Bleeding cash.


    Otherwise a good show.


    TRUTH
  • SkyManSkyMan Posts: 9,555 ✭✭✭✭✭


    << <i>This is why it is good to be down to a top notch box of 20 to 30 coins. I whittled down my extra 2 boxes from 2004-2007 knowing that eventually only the best pieces would be in demand. Now left with about 30 coins of high gem quality. And in hindsight, buying only the best pieces from the start would have been a better strategy. Yes, I'm a believer in the box of 20 strategy....at least for gem 19th century type.

    roadrunner >>



    RR, I guess it all comes down to what you want your coin collection for. I buy mine with disposable income and consider it as a luxury. It is NOT an investment per se. If I see a coin that I like, and the price is right, I'll buy it for what I think it is worth. I'll enjoy owning it, and if at some point in time I decide to sell it for a loss then so be it. I get my "payment" out of the coin by owning it. Now the flip side of course is that since I bought these coins with disposable income, I don't need to cash them in, the good Lord willing, to pay my kids college tuition or whatever. I can sell them whenever the mood strikes me, which for most of these coins is hopefully decades off. The end result is I have lots of different coins for the sorts of different moods I'm in: circulated common stuff for the occaissional fun purchase at a B&M or a show; Franklins (both MS toned and cameo proofs) for my passion; toned classic Commemoratives for certain designs that I really like; specific date sets for special purposes (these tend to be bought in MS/PR64 and higher and also help fill out my Type set); and as high grade type as I can afford for my Type set.
    Toned Franklins

    U.S. Type Set
  • OneCentOneCent Posts: 3,561 ✭


    << <i>Remember the summer Long Beach, 1989? Not quite that bad, but.......


    I attended Wednesday from 3PM-6PM. I stopped by the normal dealers with whom I do business.

    The first dealer wasn't buying since he is being deployed to Afghanistan.
    The second dealer wasn't buying since the coins were not colorful enough.
    The third, fourth and fifth dealers weren't buying because they weren't sure of the direction of the market.
    The sixth dealer wasn't buying because he had no money.
    The seventh dealer bought a couple of coins for essentially what I wanted.

    Then I went to the foreign section.

    Nobody was buying slabbed United States of Mexico.

    Interspersed with discussion were stories of some dealers bouncing checks, a couple of dealers owing money, a couple of dealers losing their credit lines since the banks took them away(apparently they used credit lines against their homes). Goodness, it was depressing.

    The story that stood out was of one collector turned dealer who had sold his business, the buyer went belly up, and the dealer had to take back the business. He thought he had good cash flow but ended up with too much real estate and a now bum business. Bleeding cash.


    Otherwise a good show.


    TRUTH >>




    Wow! That is a sobering report. I was wavering on making a nice size purchase (at least for me) at the June Balitmore Auction but I may just sit on the cash now.
    imageimage
    Collector of Early 20th Century U.S. Coinage.
    ANA Member R-3147111
  • Walkerguy21DWalkerguy21D Posts: 11,774 ✭✭✭✭✭
    Hmmm, not good, and though I personally have never attended a Long Beach show, I have heard from multiple sources that this show has been going down hill for a couple of years. Others say Baltimore now is 'like the old Long Beach shows' lots of action, lots of dealers, and a good crowd. Maybe this next upcoming Baltimore show will be a better gauge of the coin market. If the reports from THAT show are downbeat, then maybe the downturn is underway. But I continue to get blown out of the water bidding on early walkers in auctions, so I know that segment is currently still strong. Sounds like other reports from auctions about coins in other series are similar....so the market for 'good stuff' is presently still pretty healthy I think.
    Successful BST transactions with 171 members. Ebeneezer, Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • UnknownUnknown
    This content has been removed.
  • tjkilliantjkillian Posts: 5,578 ✭✭✭
    The reason it was so bad was not what I was asking, but rather the fact they did not ask me for my prices. If they had asked for prices and said no thanks, I might have thought I priced them too high. But they did not bother to ask for prices, even with dealers I had done business before without any problems. There were a couple of Seated Half Dollars I had my eye on and wanted to pick them up, but alas, I was short on cash, so I thought I would unload some of my less desired, for me, coins.

    About the only coins that ANYONE asked about were the 1861 Indian cent in MS-66 and the 1885 PR-64 Quarter. Each time they checked out the blue sheet and my price did not match the blue sheet price.
    Tom

  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    There were a couple of Seated Half Dollars I had my eye on and wanted to pick them up, but alas, I was short on cash, so I thought I would unload some of my less desired, for me, coins.

    I am no expert on coin markets and cycles, but perhaps there is a collecting cycle that goes along with the coin market. As the market rises from the depths, more collectors are brought in. Rising prices raise the confidence in collectors, and they get more experience buying more coins and more expensive coins. Along the way, they buy some coins that are not very popular. As the market is accelerating, the demand for coins is such that even unpopular coins (which may be popular coins in unpopular grades) are easy sells. Later on in the market, when the latest generation of collectors is more mature and experienced, they recognize that these coins are not very interesting and want to sell them. The problem is that everyone else is coming to the same conclusion at the same time, and the collectors are stuck with these coins. Perhaps, we are at that stage in the market...perhaps, I am full of it. image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • IGWTIGWT Posts: 4,975 ✭
    Maybe Long Beach, Summer of '08, will be known as the time and place that 62 became a weird grade.
  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>Maybe Long Beach, Summer of '08, will be known as the time and place that 62 became a weird grade. >>



    When I was a relative newbie, I would not have thought so. However, if I look at a coin like a Barber or Standing Liberty quarter, I would either want an XF/AU coin (for an album) or a 64/65+ coin to have a very nice example. I would never consider a 62. Perhaps there are quite a few people in the same boat.

    Do you have any MS-62 Shield nickels that are not a funky variety or such?
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • stmanstman Posts: 11,352 ✭✭✭✭✭
    This thing with dealers not wanting to buy has been slowly headed this way for at the very least 6-9 months. I have noticed even the strong buying dealers want to take coins on consignment as the first option. When in the past they were eager to flat out buy. Of course they tell us they will get a bit more cash for us on consighnment..... which may be true. But the reality IMO is they don't want to front out their cash as much as before. Of course if they can get it cheap and you give in they will be glad to buy.image
    Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
  • IGWTIGWT Posts: 4,975 ✭
    Do you have any MS-62 Shield nickels that are not a funky variety or such?

    My favorite grades for the varieties is 63 or 64. I have a handful of 62s; and, admittedly, I bought them for the die varieties. Still, I see 62 as merely one of 11 "uncirculated" grades.

    image
  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>Do you have any MS-62 Shield nickels that are not a funky variety or such?

    My favorite grades for the varieties is 63 or 64. I have a handful of 62s; and, admittedly, I bought them for the die varieties. Still, I see 62 as merely one of 11 "uncirculated" grades. >>



    I rest my case, counselor. image

    I have noticed even the strong buying dealers want to take coins on consignment as the first option. When in the past they were eager to flat out buy.

    I have noticed the same, and I cannot blame them. Why take the risk if you can let someone else continue to carry it? Apparently, some dealers are not as well capitalized as they were in past years, and dealers as a group may be in poorer financial condition than they were. All those Porsches are expensive to maintain! image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • WTCGWTCG Posts: 8,940 ✭✭✭
    Most coin dealers reported "average" to "boring" in terms of business and activity in general. A few currency dealers are claiming that this has been one of the best shows ever for them. Perhaps that means that currency is hot while other genres are mediocre.

    Follow me on Twitter @wtcgroup
    Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
  • DoogyDoogy Posts: 4,508 ✭


    << <i>Most coin dealers reported "average" to "boring" in terms of business and activity in general. A few currency dealers are claiming that this has been one of the best shows ever for them. Perhaps that means that currency is hot while other genres are mediocre. >>




    interesting how in a time of inflation, with the dollar being worth much less than a few years back, that people are crazy for fiat collectable paper currency.
  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭


    << <i>Most coin dealers reported "average" to "boring" in terms of business and activity in general. A few currency dealers are claiming that this has been one of the best shows ever for them. Perhaps that means that currency is hot while other genres are mediocre. >>



    Gold cooling off, the expansion of counterfeit slabs, and the general economic climate all have to be factors.
  • 291fifth291fifth Posts: 24,784 ✭✭✭✭✭


    << <i>The reason it was so bad was not what I was asking, but rather the fact they did not ask me for my prices. If they had asked for prices and said no thanks, I might have thought I priced them too high. But they did not bother to ask for prices, even with dealers I had done business before without any problems. There were a couple of Seated Half Dollars I had my eye on and wanted to pick them up, but alas, I was short on cash, so I thought I would unload some of my less desired, for me, coins.

    About the only coins that ANYONE asked about were the 1861 Indian cent in MS-66 and the 1885 PR-64 Quarter. Each time they checked out the blue sheet and my price did not match the blue sheet price. >>



    You mean they weren't offering multiples of sheet! That's not possible! Everyone who participates in this board knows that dealers are hungry for material and will always pay multiples of sheet.image
    All glory is fleeting.
  • BAJJERFANBAJJERFAN Posts: 31,428 ✭✭✭✭✭


    << <i>

    << <i>Did Laura smile at anyone? >>



    Doubt it, she's having computer problems. But she did win us a key-date seated dollar for just over half of our max bid image >>



    Why are you typed as Spetty in your registry sets and Speety here? I'd go back and fix one of those.
    theknowitalltroll;
  • roadrunnerroadrunner Posts: 28,322 ✭✭✭✭✭
    In my mind 9 out of 10 dealers want to buy via blue sheet whenever possible. You have to seek out the one decent buyer who will buy at current levels for decent material. Those other 9 want to walk the coin across the bourse floor and flip it for 5-20% for 15 minutes of work.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • WTCGWTCG Posts: 8,940 ✭✭✭


    << <i>

    << <i>Most coin dealers reported "average" to "boring" in terms of business and activity in general. A few currency dealers are claiming that this has been one of the best shows ever for them. Perhaps that means that currency is hot while other genres are mediocre. >>



    Gold cooling off, the expansion of counterfeit slabs, and the general economic climate all have to be factors. >>



    Those may be factors, but choice coins are still appreciating in value and paper currency is quite hot at the moment.
    Follow me on Twitter @wtcgroup
    Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭


    << <i>

    << <i>Most coin dealers reported "average" to "boring" in terms of business and activity in general. A few currency dealers are claiming that this has been one of the best shows ever for them. Perhaps that means that currency is hot while other genres are mediocre. >>



    Gold cooling off, the expansion of counterfeit slabs, and the general economic climate all have to be factors. >>



    I've done several hundred K in business just in the last 24 hours. I only wish I could find more right now. The money's there/here. Just need the material.

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • BECOKABECOKA Posts: 16,961 ✭✭✭


    << <i>

    << <i>

    << <i>Most coin dealers reported "average" to "boring" in terms of business and activity in general. A few currency dealers are claiming that this has been one of the best shows ever for them. Perhaps that means that currency is hot while other genres are mediocre. >>



    Gold cooling off, the expansion of counterfeit slabs, and the general economic climate all have to be factors. >>



    I've done several hundred K in business just in the last 24 hours. I only wish I could find more right now. The money's there/here. Just need the material. >>



    Find anything for me? image
  • speetyspeety Posts: 5,424 ✭


    << <i>

    << <i>

    << <i>Did Laura smile at anyone? >>



    Doubt it, she's having computer problems. But she did win us a key-date seated dollar for just over half of our max bid image >>



    Why are you typed as Spetty in your registry sets and Speety here? I'd go back and fix one of those. >>



    PM sent image
    Want to buy an auction catalog for the William Hesslein Sale (December 2, 1926). Thanks to all those who have helped us obtain the others!!!

  • SeattleSlammerSeattleSlammer Posts: 10,074 ✭✭✭✭✭
    Fun show for me....lots of browsing....snack.....browse some more.....repeat.
    Picked up:
    sweet toned seated quarter
    sweet toned Washington quarter
    sweet toned proof IHC
    sweet toned buffalo nickel
    .....................................all PCGS, and all waaaaaaay over sheet prices (of course!).

    I'm on vacation, so I'll try to post pics later in June when I return.
    image
    image

  • ElcontadorElcontador Posts: 7,720 ✭✭✭✭✭
    As I mentioned in my report yesterday, there's lots of material at Long Beach (though little that I was looking for). But if you want a nice coin, you're probably going to have to pay 'shot' prices for it. Again, I will caution people about buying "nothing special for the grade" coins. If you buy them, you'll be buried in them. If you're unsure of nice for the grade versus nothing special, I suggest you don't buy anything.
    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭


    << <i>As I mentioned in my report yesterday, there's lots of material at Long Beach (though little that I was looking for). But if you want a nice coin, you're probably going to have to pay 'shot' prices for it. Again, I will caution people about buying "nothing special for the grade" coins. If you buy them, you'll be buried in them. If you're unsure of nice for the grade versus nothing special, I suggest you don't buy anything. >>



    Probably the best piece of advice posted here in the past 30 days!
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>Most coin dealers reported "average" to "boring" in terms of business and activity in general. A few currency dealers are claiming that this has been one of the best shows ever for them. Perhaps that means that currency is hot while other genres are mediocre. >>



    Gold cooling off, the expansion of counterfeit slabs, and the general economic climate all have to be factors. >>



    I've done several hundred K in business just in the last 24 hours. I only wish I could find more right now. The money's there/here. Just need the material. >>



    Find anything for me? image >>



    PM to be sentimage

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • bidaskbidask Posts: 14,050 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Most coin dealers reported "average" to "boring" in terms of business and activity in general. A few currency dealers are claiming that this has been one of the best shows ever for them. Perhaps that means that currency is hot while other genres are mediocre. >>



    Gold cooling off, the expansion of counterfeit slabs, and the general economic climate all have to be factors. >>



    I've done several hundred K in business just in the last 24 hours. I only wish I could find more right now. The money's there/here. Just need the material. >>

    at long beach show?
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




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