Baltimore Report for Saturday

Halfhunter06

I found the show to be good despite the current economic times. My big suprise was the quality and service of J.H. Cline Rare Coins. In looking for a great Type I piece for my collection I came upon the BEST looking MS 64 FH PCGS with vibrant color and all the works! I was VERY pleased with the price quoted to me and I was even offered an amount higher than what i expected for my raw type I in AU-50 to help pay for my new coin.

MidLifeCrisis

Well, it sounds like you were one of the few who had a good Saturday in Baltimore. Congrats.

SeaEagleCoins

I went to the show with Halfhunter and another friend of ours from our coin clubs we belong to. It certainly was nice not having to drive and just be the passenger...

Met up with Wei/WTCG before the doors opened and he had a coin for me that I had already bought off the BST... a nice toned Lib Nickel in PCGS 64... a good start to the day...

We split up to persue our personal interests once we got inside.

My day was a good one... was able to sell a number of pieces although I did encounter a bit of resistance across the floor...as I just read in another thread... unless you wanted real high end or total dreck...there was little to find in my area of interest for the day... Barber, Seated & Bust...and when I did find dates/grades I was seeking, there was either a problem (even in TPG holders) or they wanted moon money.

Encountered many tables with the "I do not have enough time to even acknowledge you" folks behind them...with cases filled with shiny, dipped coins in PCGS plastic...all lined up like a dept store... very boring!!!!!

Did meet a few nice folks but found nothing that really caught my eye. One coin I did want to find was a nice AU 1812 Bust Half...saw one in NGC but it was a 40 but took a look anyway... yeesh... hairlines and scratches under toning and just not appealing...oh well...

Ended up spending most of my time with folks I knew from other shows here where I usually set up in NJ and ended up doing all my buying from a good friend who I usually do business with in the shows up by me... we have almost identical "eyes" for coins and he had been one busy beaver the day before... saved me alot of hunting and was able to pick up a bunch of nice collector coins... nice type... and all raw... a neat little lot of 3c silvers, a few barbers and busties...some better date circ Morgans... a partial set of mercs to refill my "basic" stock... a real cool AU Barber dime in the original ANACS "packet" with the split grade and photo (no slab)...and a real nice choice AU 1810 Bust Half...the common one with the great die cracks...

Was able to make one more large sale on the way out the door and all in all had a good day...

Some observations... floor traffic was light in comparison to my last time there...and dealers all seemed to agree that the traffic was lighter than usual for the entire show...

Also... the market IS changing... big time... a number of dealers may find themselves sitting on alot of over dipped, over priced and over leveraged coins in the very near future. The trend I am seeing is a continuation and growth of what we have already been seeing for a while... I heard it alot today... 5 figure coins, unless they are exceptional (and not over priced) are moveable...the rest are now dead weight...

Alot more folks are looking for nice VF-AU collector coins... and they do not have to be in plastic...

One thing was very obvious though...and good news for our hosts... out of all the coins I brought to sell ONLY the PCGS coins got attention... a few of the dealers contemplated my NGC or ANACS coins but I only was able to sell PCGS (except for two GSA/NGC DPL 63's)...

Hang on to your "halos" folks because I really think the Bear is awake... and already had it's first cup of coffee...