St Louis coin show report
lathmach
Posts: 4,720 ✭
I received this email from Dick Osburn today. Ray
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I just returned from the Silver Dollar show in St. Louis. The show was sponsored by Scotsman Auction Company. Scotsman seems to sponsor this show as a vehicle to get bidders to their auction rather than as a show that’s focused on the collector community. The attendance was awful. However, I think that’s a comment on the show, not the current market, since it’s been the same way for the last 4 years.
The auction really gave the commentary on the market. Scotsman auctions aren’t usually terribly strong, but this one was like a feeding frenzy. Almost every lot went for prices that varied from strong to downright crazy. With a few exceptions the buyers were almost all dealers. At the Long Beach auction I sensed that the dealers were holding back, worried about the economy. There was none of that here. Anyone who was worried that the economy was causing the coin market to falter should have seen the bidding. The collectors have been telling me for weeks now that the economy will cause them to put more money, not less, in coins. It seems they’ve now told the other dealers that also. There was no sign any concern about the strength of the market.
I wasn’t buying much at the show, since most of our money is directed toward our house right now, but I did pick up a few nice pieces. They’re now listed on the web site, www.dickosburn.com. A couple additional consignments will be going on this week, so keep watching. Let us know if you see any coins of interest.
Thanks!
Dick & Ruth Osburn
713-875-5860
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I just returned from the Silver Dollar show in St. Louis. The show was sponsored by Scotsman Auction Company. Scotsman seems to sponsor this show as a vehicle to get bidders to their auction rather than as a show that’s focused on the collector community. The attendance was awful. However, I think that’s a comment on the show, not the current market, since it’s been the same way for the last 4 years.
The auction really gave the commentary on the market. Scotsman auctions aren’t usually terribly strong, but this one was like a feeding frenzy. Almost every lot went for prices that varied from strong to downright crazy. With a few exceptions the buyers were almost all dealers. At the Long Beach auction I sensed that the dealers were holding back, worried about the economy. There was none of that here. Anyone who was worried that the economy was causing the coin market to falter should have seen the bidding. The collectors have been telling me for weeks now that the economy will cause them to put more money, not less, in coins. It seems they’ve now told the other dealers that also. There was no sign any concern about the strength of the market.
I wasn’t buying much at the show, since most of our money is directed toward our house right now, but I did pick up a few nice pieces. They’re now listed on the web site, www.dickosburn.com. A couple additional consignments will be going on this week, so keep watching. Let us know if you see any coins of interest.
Thanks!
Dick & Ruth Osburn
713-875-5860
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