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Report - Sacramento Red Lion Show
zeebob
Posts: 2,825 ✭
Spent all day there. Room was filled with the usual dealers. Foot traffic was modest, but not light.
I bought two coins:
$2.50 1913 AU58 PCGS (totally a nice coin!)
10C $1835 MS62 PCGS (attractive toning)
I noticed the dealers buying lots of material from the general admission folks.
I sold one red box full of mixed World Coins. 1000 Canadian pennies (most in little flips with little inserts I made). One red box of mixed US coins and tokens. My 1922 Weak D, a $2.50 gold (filed rims PCGS), $5 gold (.92 PCGS), $10 gold (.92 PCGS). The Gold sold for more or less spot price.
The 1922 Weak D sold for $30, which now that I think about it didn't even cover the grading fee I paid - hey, wait a minute! What's up with that? Grrr. Oh well - one less coin to worry about... Guess I'm happy with that.
So I had a GREAT time! I got rid of a bunch of raw "misc" coins, got rid of some problem gennies, ended up with two nice additions to my type set AND have a couple of hundred bucks in my wallet that I didn't have when I got to the show. Go figure. This was the first show in a while that I really left pleased with the results.
I met five forum members (Blu62vette, mustanggt, PonyExpress8, crazyhounddog, 19Lyds). Very nice people all.
Blu62vette and Mustanggt were sharing a table and selling an interesting mix of coins. There were some very nice morgans for sale at their table. Blu62vette was promoting his photographic services and had two just killer framed posters of the WTGC coins. WHEW! I'm thinking that as I complete my type sets by series (for example all my IHCs) I'll have Blu62vette shoot them and make a poster - that way I could hang a poster and enjoy the coins while keeping them locked up in the bank a the same time.
Thank you 19Lyds for looking at my IKE proofs and confirming they were run of the mill. I shopped them around and found only one guy willing to buy them. He was nice enough to pay 2.5x face for them. That suited me. Now I can move on.
The most interesting thing I saw was some guy buying jewelery. He didn't have a table, but was sort of sitting at an empty table on the isle side. This clearly annoyed the show's sponsor's son, but when I saw the son run up to dad and point this vest pocket buyer out, the father's body langauge suggested the father had bigger fish to fry. The vest pocket buyer was doling out stacks of $100 bills to people bringing in jewelery. I noticed one guy had three or four pieces of jewelery and appraisals for each. He walked away with a huge wad of $100 bills. Other folks were selling this vest pocket buyer cold nuggets. Very strange. I have heard of "vest pocket dealers" and have even been approached at other shows by guys (clearly without tables) either wanting to buy or sell a single coin, but I've never seen someone as blatant and "large scale" as this guy. I also didn't see him SELL anything, just BUY. Weird.
When I asked the regular dealers about business, most said it was a bit slow, but "okay." Everyone seemed pretty relaxed and most actually seemed to be enjoying the modest pace of the show. The show felt a bit more like a social event than a coin show. I liked it. I'll be at the next Sac show in 2 weeks, then again in June.
Cheers,
Bob
I bought two coins:
$2.50 1913 AU58 PCGS (totally a nice coin!)
10C $1835 MS62 PCGS (attractive toning)
I noticed the dealers buying lots of material from the general admission folks.
I sold one red box full of mixed World Coins. 1000 Canadian pennies (most in little flips with little inserts I made). One red box of mixed US coins and tokens. My 1922 Weak D, a $2.50 gold (filed rims PCGS), $5 gold (.92 PCGS), $10 gold (.92 PCGS). The Gold sold for more or less spot price.
The 1922 Weak D sold for $30, which now that I think about it didn't even cover the grading fee I paid - hey, wait a minute! What's up with that? Grrr. Oh well - one less coin to worry about... Guess I'm happy with that.
So I had a GREAT time! I got rid of a bunch of raw "misc" coins, got rid of some problem gennies, ended up with two nice additions to my type set AND have a couple of hundred bucks in my wallet that I didn't have when I got to the show. Go figure. This was the first show in a while that I really left pleased with the results.
I met five forum members (Blu62vette, mustanggt, PonyExpress8, crazyhounddog, 19Lyds). Very nice people all.
Blu62vette and Mustanggt were sharing a table and selling an interesting mix of coins. There were some very nice morgans for sale at their table. Blu62vette was promoting his photographic services and had two just killer framed posters of the WTGC coins. WHEW! I'm thinking that as I complete my type sets by series (for example all my IHCs) I'll have Blu62vette shoot them and make a poster - that way I could hang a poster and enjoy the coins while keeping them locked up in the bank a the same time.
Thank you 19Lyds for looking at my IKE proofs and confirming they were run of the mill. I shopped them around and found only one guy willing to buy them. He was nice enough to pay 2.5x face for them. That suited me. Now I can move on.
The most interesting thing I saw was some guy buying jewelery. He didn't have a table, but was sort of sitting at an empty table on the isle side. This clearly annoyed the show's sponsor's son, but when I saw the son run up to dad and point this vest pocket buyer out, the father's body langauge suggested the father had bigger fish to fry. The vest pocket buyer was doling out stacks of $100 bills to people bringing in jewelery. I noticed one guy had three or four pieces of jewelery and appraisals for each. He walked away with a huge wad of $100 bills. Other folks were selling this vest pocket buyer cold nuggets. Very strange. I have heard of "vest pocket dealers" and have even been approached at other shows by guys (clearly without tables) either wanting to buy or sell a single coin, but I've never seen someone as blatant and "large scale" as this guy. I also didn't see him SELL anything, just BUY. Weird.
When I asked the regular dealers about business, most said it was a bit slow, but "okay." Everyone seemed pretty relaxed and most actually seemed to be enjoying the modest pace of the show. The show felt a bit more like a social event than a coin show. I liked it. I'll be at the next Sac show in 2 weeks, then again in June.
Cheers,
Bob
0
Comments
The Show runs tomarrow too, so you can still make it.
I went for a while. I got there right as it opened and there wasn't much of a line to get in, but then it got kind of growded within an hour or so. I noticed more people in wheel chairs and more little kids than normal. YN's are great, but I wish people would leave the little tykes at home.
I went mostly to sell some coins and did okay, I only got 70% of my price goal, but considering what I had to sell, I was just glad to get rid of it and happy that I wasn't totally rejected.
What I noticed was mostly coin dealing, and not really that much bullion trading (which, imo is a big plus). The same show last year was filled with guys (and gals) trying to sell gold and silver. Nothing worse than waiting behind 9 guys with gold Pandas when your trying to look at nice type.
Not too many dealers, other than McIntosh, had any real type coins worth giving a second look. I did see a few things and was tempted to blow all my sales money, but got out of there instead. I did, however, take note of the growing supply of PCGS Genuine coins and I'm comming to realize that THEY DO need to use another holder or colored label.
Anyone else ?
Thanks.
"Inspiration exists, but it has to find you working" Pablo Picasso