Coin show report - Dalton, GA
1970SilverArt
Posts: 482 ✭
Today I went to the first day of Georgia Numismatic Association coin show. This is one of the largest shows in Georgia and there were many dealers at this show. There are usually about 200 dealer tables at this show. I decided to go to this coin show because I was looking for silver art bars that were on my wish list.
I got there early at 9:53 AM and I waited in my vehicle until the show opened. While I was waiting, I decided to pull up the Kitco webpage on my smartphone to see where spot gold and spot silver were doing. This was the current spot prices when I arrived at the show:
Spot gold = $1475.40/oz
Spot silver = $42.48/oz
Once I got inside the building and got a name tag, I started going to the regular out-of-state dealers who come here every year to see what art bars they had. After going to those dealers I looked around to see what I could find. I also talked to some dealers since they recognized me from past coin shows and we just talked briefly about silver and silver art bars. As I was looking for silver art bars at this show, I observed some prices on certain gold and silver coins and bars. Here are a few examples of the prices that I have seen and asked about:
Silver American Eagles - $44 to $49. $44 was the lowest price that I saw but these SAE's had enamel on them.
1-oz Gold American Eagle - $1525.00.
.999 generic silver (1-oz only) - Prices ranged between $43 to $45. The highest price that I saw for .999 generic silver was $47/oz.
1-oz Silver art bars - The lowest price was $43.00. There was a silver art bar dealer that had some rare silver art bars that were on my silver art bar wish list but I will go back tomorrow to make a decision on which ones I might buy. Overall there were some silver art bars here at this show, but most of them were common minted one such as Christmas and other holiday-themed art bars.
PCGS-graded America the Beautiful set - $2000. There was another set but that one was ungraded and the price on that one was $1400.00. Those are some very beautiful silver coins IMO.
1/10 oz Gold Eagle - $170.00
There were also Morgans, Peace Dollars, and some Pre-1933 gold there but I did not look at prices on those. Overall, the show looked full and I saw people buying various gold and silver coins and bars. One thing that I noticed at this show was that there seemed to be a lot of silver available at this show. If a person wanted to just buy .999 silver, they would not have any problems doing so. There were all types of silver ranging from 1-oz .999 generic rounds to 100-oz silver Engelhard bars. The reason that I mentioned this because the exact opposite is true with my local coin dealers. The local dealers that I went to and talked to in the last 2 weeks mentioned that cannot keep silver in stock because so many people are buying it now especially with the recent price action. I was able to buy a few silver art bars from various dealers at this show but it was not much at all. I left the coin show at about 1:15 PM to drive back home. Since I have some FRNs left over, I will go back to the show tomorrow to see what other silver art bars I can find and maybe one of my favorite silver art bar dealers will lower the price on some of the rare art bars that I am interested in buying. There were some people selling PM's but I think that it was safe to say that there were more buyers based on what I observed. I love going to coin shows and I feel like a kid in the candy shop each time that I go to one. A lot of the dealers recognized me because I bought from a lot of them at past coin shows and that helps me a lot because they know what I am looking for. Even though, I did not buy much at this show so far, I still had a good time and I felt very relaxed. The last day of the show is on Sunday but I do not plan to go on Sunday.
I got there early at 9:53 AM and I waited in my vehicle until the show opened. While I was waiting, I decided to pull up the Kitco webpage on my smartphone to see where spot gold and spot silver were doing. This was the current spot prices when I arrived at the show:
Spot gold = $1475.40/oz
Spot silver = $42.48/oz
Once I got inside the building and got a name tag, I started going to the regular out-of-state dealers who come here every year to see what art bars they had. After going to those dealers I looked around to see what I could find. I also talked to some dealers since they recognized me from past coin shows and we just talked briefly about silver and silver art bars. As I was looking for silver art bars at this show, I observed some prices on certain gold and silver coins and bars. Here are a few examples of the prices that I have seen and asked about:
Silver American Eagles - $44 to $49. $44 was the lowest price that I saw but these SAE's had enamel on them.
1-oz Gold American Eagle - $1525.00.
.999 generic silver (1-oz only) - Prices ranged between $43 to $45. The highest price that I saw for .999 generic silver was $47/oz.
1-oz Silver art bars - The lowest price was $43.00. There was a silver art bar dealer that had some rare silver art bars that were on my silver art bar wish list but I will go back tomorrow to make a decision on which ones I might buy. Overall there were some silver art bars here at this show, but most of them were common minted one such as Christmas and other holiday-themed art bars.
PCGS-graded America the Beautiful set - $2000. There was another set but that one was ungraded and the price on that one was $1400.00. Those are some very beautiful silver coins IMO.
1/10 oz Gold Eagle - $170.00
There were also Morgans, Peace Dollars, and some Pre-1933 gold there but I did not look at prices on those. Overall, the show looked full and I saw people buying various gold and silver coins and bars. One thing that I noticed at this show was that there seemed to be a lot of silver available at this show. If a person wanted to just buy .999 silver, they would not have any problems doing so. There were all types of silver ranging from 1-oz .999 generic rounds to 100-oz silver Engelhard bars. The reason that I mentioned this because the exact opposite is true with my local coin dealers. The local dealers that I went to and talked to in the last 2 weeks mentioned that cannot keep silver in stock because so many people are buying it now especially with the recent price action. I was able to buy a few silver art bars from various dealers at this show but it was not much at all. I left the coin show at about 1:15 PM to drive back home. Since I have some FRNs left over, I will go back to the show tomorrow to see what other silver art bars I can find and maybe one of my favorite silver art bar dealers will lower the price on some of the rare art bars that I am interested in buying. There were some people selling PM's but I think that it was safe to say that there were more buyers based on what I observed. I love going to coin shows and I feel like a kid in the candy shop each time that I go to one. A lot of the dealers recognized me because I bought from a lot of them at past coin shows and that helps me a lot because they know what I am looking for. Even though, I did not buy much at this show so far, I still had a good time and I felt very relaxed. The last day of the show is on Sunday but I do not plan to go on Sunday.
DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
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Comments
Nice report, thanks. Although I live in Ga, it's about 5-6 hours one way for me to the show. My local B&M dealer is up there buying up the place I'm sure so I get to pick through his goodies when he comes back.
Too many positive BST transactions with too many members to list.
I knew it would happen.
<< <i>Did you notice what dealers were paying for scrap gold. I plan on going tomorrow and want to sell 55 grams of 14k and about 10 grams of 18k. Last year there were several paying between 90 to 95% of spot. >>
I did not pay close attention to what dealers were paying for scrap gold. There were a lot of dealers there and you might just have to shop it around for the best deal possible at the show.
BTW I plan to go back to show tomorrow to see if I can find more silver art bars. I do not plan to go on Sunday since most of the out-of-town dealers will be gone at that time.
<< <i>Did you happen to ask what 90% buy prices were? >>
Nope. I did not ask about the 90% buy prices.
<< <i>Today I went to the first day of Georgia Numismatic Association coin show. This is one of the largest shows in Georgia and there were many dealers at this show. There are usually about 200 dealer tables at this show. I decided to go to this coin show because I was looking for silver art bars that were on my wish list.
I got there early at 9:53 AM and I waited in my vehicle until the show opened. While I was waiting, I decided to pull up the Kitco webpage on my smartphone to see where spot gold and spot silver were doing. This was the current spot prices when I arrived at the show:
Spot gold = $1475.40/oz
Spot silver = $42.48/oz
Once I got inside the building and got a name tag, I started going to the regular out-of-state dealers who come here every year to see what art bars they had. After going to those dealers I looked around to see what I could find. I also talked to some dealers since they recognized me from past coin shows and we just talked briefly about silver and silver art bars. As I was looking for silver art bars at this show, I observed some prices on certain gold and silver coins and bars. Here are a few examples of the prices that I have seen and asked about:
Silver American Eagles - $44 to $49. $44 was the lowest price that I saw but these SAE's had enamel on them.
1-oz Gold American Eagle - $1525.00.
.999 generic silver (1-oz only) - Prices ranged between $43 to $45. The highest price that I saw for .999 generic silver was $47/oz.
1-oz Silver art bars - The lowest price was $43.00. There was a silver art bar dealer that had some rare silver art bars that were on my silver art bar wish list but I will go back tomorrow to make a decision on which ones I might buy. Overall there were some silver art bars here at this show, but most of them were common minted one such as Christmas and other holiday-themed art bars.
PCGS-graded America the Beautiful set - $2000. There was another set but that one was ungraded and the price on that one was $1400.00. Those are some very beautiful silver coins IMO.
1/10 oz Gold Eagle - $170.00
There were also Morgans, Peace Dollars, and some Pre-1933 gold there but I did not look at prices on those. Overall, the show looked full and I saw people buying various gold and silver coins and bars. One thing that I noticed at this show was that there seemed to be a lot of silver available at this show. If a person wanted to just buy .999 silver, they would not have any problems doing so. There were all types of silver ranging from 1-oz .999 generic rounds to 100-oz silver Engelhard bars. The reason that I mentioned this because the exact opposite is true with my local coin dealers. The local dealers that I went to and talked to in the last 2 weeks mentioned that cannot keep silver in stock because so many people are buying it now especially with the recent price action. I was able to buy a few silver art bars from various dealers at this show but it was not much at all. I left the coin show at about 1:15 PM to drive back home. Since I have some FRNs left over, I will go back to the show tomorrow to see what other silver art bars I can find and maybe one of my favorite silver art bar dealers will lower the price on some of the rare art bars that I am interested in buying. There were some people selling PM's but I think that it was safe to say that there were more buyers based on what I observed. I love going to coin shows and I feel like a kid in the candy shop each time that I go to one. A lot of the dealers recognized me because I bought from a lot of them at past coin shows and that helps me a lot because they know what I am looking for. Even though, I did not buy much at this show so far, I still had a good time and I felt very relaxed. The last day of the show is on Sunday but I do not plan to go on Sunday. >>
Thanks for the report.
I love the Dalton shows and the area. The GF & I usually make a weekend getaway there (I'm also about 5 hours away), but unfortunately we were unable to attend this one.
I especially like the August show as there is less humidity and much cooler evenings than here in SW GA.
HH
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
<< <i>Nice report, thanks. Although I live in Ga, it's about 5-6 hours one way for me to the show. My local B&M dealer is up there buying up the place I'm sure so I get to pick through his goodies when he comes back. >>
I live in TN but Dalton is only a 30 to 35 minute drive from where I am at in TN.
<< <i>
<< <i>Today I went to the first day of Georgia Numismatic Association coin show. This is one of the largest shows in Georgia and there were many dealers at this show. There are usually about 200 dealer tables at this show. I decided to go to this coin show because I was looking for silver art bars that were on my wish list.
I got there early at 9:53 AM and I waited in my vehicle until the show opened. While I was waiting, I decided to pull up the Kitco webpage on my smartphone to see where spot gold and spot silver were doing. This was the current spot prices when I arrived at the show:
Spot gold = $1475.40/oz
Spot silver = $42.48/oz
Once I got inside the building and got a name tag, I started going to the regular out-of-state dealers who come here every year to see what art bars they had. After going to those dealers I looked around to see what I could find. I also talked to some dealers since they recognized me from past coin shows and we just talked briefly about silver and silver art bars. As I was looking for silver art bars at this show, I observed some prices on certain gold and silver coins and bars. Here are a few examples of the prices that I have seen and asked about:
Silver American Eagles - $44 to $49. $44 was the lowest price that I saw but these SAE's had enamel on them.
1-oz Gold American Eagle - $1525.00.
.999 generic silver (1-oz only) - Prices ranged between $43 to $45. The highest price that I saw for .999 generic silver was $47/oz.
1-oz Silver art bars - The lowest price was $43.00. There was a silver art bar dealer that had some rare silver art bars that were on my silver art bar wish list but I will go back tomorrow to make a decision on which ones I might buy. Overall there were some silver art bars here at this show, but most of them were common minted one such as Christmas and other holiday-themed art bars.
PCGS-graded America the Beautiful set - $2000. There was another set but that one was ungraded and the price on that one was $1400.00. Those are some very beautiful silver coins IMO.
1/10 oz Gold Eagle - $170.00
There were also Morgans, Peace Dollars, and some Pre-1933 gold there but I did not look at prices on those. Overall, the show looked full and I saw people buying various gold and silver coins and bars. One thing that I noticed at this show was that there seemed to be a lot of silver available at this show. If a person wanted to just buy .999 silver, they would not have any problems doing so. There were all types of silver ranging from 1-oz .999 generic rounds to 100-oz silver Engelhard bars. The reason that I mentioned this because the exact opposite is true with my local coin dealers. The local dealers that I went to and talked to in the last 2 weeks mentioned that cannot keep silver in stock because so many people are buying it now especially with the recent price action. I was able to buy a few silver art bars from various dealers at this show but it was not much at all. I left the coin show at about 1:15 PM to drive back home. Since I have some FRNs left over, I will go back to the show tomorrow to see what other silver art bars I can find and maybe one of my favorite silver art bar dealers will lower the price on some of the rare art bars that I am interested in buying. There were some people selling PM's but I think that it was safe to say that there were more buyers based on what I observed. I love going to coin shows and I feel like a kid in the candy shop each time that I go to one. A lot of the dealers recognized me because I bought from a lot of them at past coin shows and that helps me a lot because they know what I am looking for. Even though, I did not buy much at this show so far, I still had a good time and I felt very relaxed. The last day of the show is on Sunday but I do not plan to go on Sunday. >>
Thanks for the report.
I love the Dalton shows and the area. The GF & I usually make a weekend getaway there (I'm also about 5 hours away), but unfortunately we were unable to attend this one.
I especially like the August show as there is less humidity and much cooler evenings than here in SW GA.
HH >>
I like the Blue Ridge Numismatic Association Summer Dalton coin show. I remember several of the out-of-state dealers there because I have done business with them in past coin shows. I also like those types of shows because there are enough dealer tables there to find whatever gold or silver you are looking for. There is something for everyone at these shows and maybe at the right price if a person looks hard enough.
<< <i>I live in TN but Dalton is only a 30 to 35 minute drive from where I am at in TN. >>
I'm jealous. Hope you found some goodies today.
Too many positive BST transactions with too many members to list.
Got 95% on my scrap gold but had to shop it around more than usual. Bullion sales seemed to be going a little crazy with the premiums for generic silver a lot higher than I'm accustomed to.
I picked up five 1 g PAMP bars for $ 249 which is about $2 over spot per bar. I did several polite "no thank you's" to several dealers asking 10-15% premiums for the smaller bars.
Also got a nice 2011 ASE for $ 47 but that made me wince when I paid for it.
My daughter made out like a bandit at the giveaways at the YN program: a thin stack of very nice foreign banknotes, a 1927 buffalo, a 1919-d lincoln cent, a westward journey nickel set, a star note, an NGC slabbed first strike Madison dollar and a fine 1922 peace dollar. She said there were about 30 kids for the program so GNA really must have gotten a lot of donations to be so generous with them.
All in all, it was a great time and I give major props to the GNA !! I'll be back in August for the Blue Ridge show for certain !!
<< <i>
<< <i>I live in TN but Dalton is only a 30 to 35 minute drive from where I am at in TN. >>
I'm jealous. Hope you found some goodies today. >>
I did find a few silver art bars at the show that were on my silver art bar "wish list". However, in terms of rare silver art bars, I did not find much of what I was looking for but that's fine because I still had fun at the show and I plan to come back next year.
<< <i>Dalton was a blast today !!!
Got 95% on my scrap gold but had to shop it around more than usual. Bullion sales seemed to be going a little crazy with the premiums for generic silver a lot higher than I'm accustomed to.
I picked up five 1 g PAMP bars for $ 249 which is about $2 over spot per bar. I did several polite "no thank you's" to several dealers asking 10-15% premiums for the smaller bars.
Also got a nice 2011 ASE for $ 47 but that made me wince when I paid for it.
My daughter made out like a bandit at the giveaways at the YN program: a thin stack of very nice foreign banknotes, a 1927 buffalo, a 1919-d lincoln cent, a westward journey nickel set, a star note, an NGC slabbed first strike Madison dollar and a fine 1922 peace dollar. She said there were about 30 kids for the program so GNA really must have gotten a lot of donations to be so generous with them.
All in all, it was a great time and I give major props to the GNA !! I'll be back in August for the Blue Ridge show for certain !! >>
The GNA does put on an excellent show IMO and I am glad that you had a good time at the show and I am also glad that you were able to get 95% on your scrap gold. I also plan to go to the Blue Ridge show in August.