What I learned today at the SLNA...

llafoe

NO ONE sells Modern Coins... lesson learned, ALL Modern Coins are sold and are in HIGH demand!

Quality dealers work on small margins (3-10%)... this one really surprised me.

I'm too picky... or - all the high grade, eye-appealing coins are locked away in collections?

St. Louis is apparently a great coin town... I became very close and personal with some fellow collectors as I tried to navigate the aisles of the show. This was during the $35 early entry hours. I'm told tomorrow will be much more crowded... we'll see!

There are LOTS of Morgans, Large Cents, type coins, etc.; but very little bullion. However, if you collect notes (currency), you'll definitely want to visit this show.

TexasNationals

Llafoe, do me a solid and call me if you see any national bank notes from Texas!

Bochiman

<< <i>NO ONE sells Modern Coins... lesson learned, ALL Modern Coins are sold and are in HIGH demand!

Quality dealers work on small margins (3-10%)... this one really surprised me.

I'm too picky... or - all the high grade, eye-appealing coins are locked away in collections?

St. Louis is apparently a great coin town... I became very close and personal with some fellow collectors as I tried to navigate the aisles of the show. This was during the $35 early entry hours. I'm told tomorrow will be much more crowded... we'll see!

There are LOTS of Morgans, Large Cents, type coins, etc.; but very little bullion. However, if you collect notes (currency), you'll definitely want to visit this show. >>




Larry:
I am slow today, and confused.....what do you mean that "no one sells modern coins and that all modern coins are sold and in high demand"???
I have found, in my limited experience that many don't take the moderns (unless they are ultra high grade/value) but that they do sell them...they just have no desire to buy them.

You comment about quality dealers is spot on, from my experience, though I would change it to say ~5-15% margin.

From shows, in the last few years, I have seen very few eye appealing coins out for sale (they are on want lists and behind the counter for special customers) and when they are there, they are HIGH priced.

Sucks I can't be there I want some more early copper and it sounds like it is there.

Enjoy and have fun!

jsf

Hey Larry, do you plan on selling off a bunch of your moderns?

bidask

gem commems were moving a bit it seemed

llafoe

Ron - I was just surprised at the lack of modern coins for sale at the show. When you consider most established coin collectors have migrated to vintage coins and most new (or those newly developing) collectors, are still collecting modern coins, there was nothing for the new collectors to buy... or motivate them to continue collecting.

jsf: I just listed 4 moderns on the BST... that's all we have for sale. I didn't try to sell them at the SLNA; there were no modern dealers, it was a logical decision!

llafoe

<< <i>gem commems were moving a bit it seemed >>



There wasn't much competion... that probably helped!

It was interesting to listen to currency collectors talk about coins... how much easier it is to grade currency then it is to grade coins, etc. Currency was very active today.

Edited to add: There were a lot of toned coins too. In contrast to my local show this past weekend, this show is probably 55% raw and 45% slabbed.

AnkurJ

Quality dealers work on small margins (3-10%)...

No surprise here.

deltadimeman

a lot of toned coins ? what kind ??

llafoe

<< <i>a lot of toned coins ? what kind ?? >>



Mostly Morgans... there were some other less colorful (maybe more natural?) toned coins too... you know, the ones with the brown toning.

blu62vette

<< <i>

<< <i>a lot of toned coins ? what kind ?? >>



Mostly Morgans... there were some other less colorful (maybe more natural?) toned coins too... you know, the ones with the brown toning. >>



Were these mainly raw or slabbed?

habaraca

was planning on attending but Grand daughter had to have emergency
surgery, (all is ok) Nice show usually.....

Usually get a few nice CBH's

Were there many nice Busties???

llafoe

<< <i>was planning on attending but Grand daughter had to have emergency
surgery, (all is ok) Nice show usually.....

Usually get a few nice CBH's

Were there many nice Busties??? >>



There were a few Busties... one dealer had a case almost full of g-f busties of all denominations.

llafoe

<< <i>

<< <i>

<< <i>a lot of toned coins ? what kind ?? >>



Mostly Morgans... there were some other less colorful (maybe more natural?) toned coins too... you know, the ones with the brown toning. >>



Were these mainly raw or slabbed? >>



Mostly slabbed... there was a really attractive 81-s PC MS68 and there were the NGC wildly toned ones with that pedigree, which I can't remember.

llafoe

The show is CROWDED!

I just picked up a 1938-D MS67 Buffalo with rose and golden hues that is actually a 1938-D/D and a 1937-D MS67 Oregon that is Blast White with a very small hit above one of the rays on the reverse that keeps it away from a 68.

RYK

It usually is a busy show, especially on Friday. Unfortunately, that crowd does not appear likely to include me.

llafoe

The other thing that surprised me is the quantity of wholesale dealers set up at the show... and bullion dealers. They literally have two laptops at the table, but are doing brisk business.

The show is crowded, you have to wait to move, contort to view the display cases and yet, there are those collectors that spread their books, albums, etc., all over the glass so you have NO opportunity to see anything in the case... why?