Options
Memphis Coin Show Report & a few NEWPs. Please Enjoy!
2ltdjorn
Posts: 2,329 ✭✭✭✭
I must say I truly enjoy attending coin shows, if you haven't I highly recommend that you do. I believe you will learn more in an hour on the bourse floor than anywhere else. I have attended several national shows, regional shows, and small local shows... and I must say I really enjoy them all. My wife and I just moved to Memphis in January, and I was excited to see a local show was just a few weeks away, I had planned on attending the St Louis show, but my kids fell ill so I opted to stay home. I have been eagerly awaiting this show all week, and I can honestly say as I was driving to the show my head was spinning with things to look for, and stuff I may be interested in. I feel like I have developed a keener eye over the last year or so, and my collecting has really evolved. I am often asked what I collect as I have a variety of coins with no real direction. I can say that I collect coins I find pleasing to the eye, and this allows for a great diversity in my collection that I really enjoy.
I had a little SNAFU on Saturday morning as I left for the coin show, I had gotten the location incorrect. On arrival to the place I thought would be the coin show I found a county fair type atmosphere, with funnel cakes galore. I shrugged it off as I parked thinking this might be the weirdest show I have ever attended... but as I entered the building I quickly realized it was a large flea market of all kinds of junk. With quick utilization of my iphone, I was able to confirm I was in the wrong place, and the location of the coin show was only 2-3 miles down the road. I made it to the show about 15 minutes after the doors opened on Saturday.
When I attend shows, I often carry a blue box with me, filled with trades & gold. But this particular time I filled it with about 7 nice coins from my personal collection I was intending to show a friend at the show. I can say I do feel pity for the dealers as often collectors go table to table trying to find the absolute best $$ price for their items, as know one ever wants to be the 5th in line to price a coin. And from what I saw quite of few collectors were doing that. So I shrugged myself along with my blue box of coins. One dealer asked if I had brought coins to sell, and I said no. He then asked if you could look, and I said sure. On completion he asked what I wanted (as he reached for his grey sheet), and I again said they were not for sale. He then got angry and said "Why the hell even bring them?", so I asked what he would pay for the coin I recently got from Lkeigwin a PCGS VF25 1817/3, he quickly thumbed through the grey sheet and quoted me back of bid. I informed him that this was not a grey sheet coin, and he told me they all are. I asked him how many 1817/3 CBH has he dealt with, and he said none... so I smiled and walked on. As I entered the show I saw a room with about 60 dealers, and a room packed full of material. I often enter and do a quick survey, and then narrow my focus.
I feel my collecting is often sporadic, but I can look through my PCGS blue boxes and I can tell at what stage of my collecting a coin was purchased, with the more recent purchases trumping the later in quality and eye appeal. Most of the dealers were very approachable, and more than willing to talk coins, I appreciate this in terms of the face of the hobby. I spoke with one dealer out of Vicksburg, MS who showed me a stunner, it was PR68RB 1970ish 1C with great color, the devices had an amazing green frost with the fields having DMPL surfaces it was spectacular, but if I bought it I feel my wife would ban me to the couch. I spent the early part of the morning looking for pcgs slab varieties, and purchase a pair of OGH 2 piece holders for minimal money. One was a 1943 10C that cost $15, having been in a hurry that morning I arrived at the show with no cash, only a check book. I asked the dealer if I could write a check for the $15 coin, the look on his face was priceless.... I was able to locate a local ATM, and put some paper in my pockets so that I could complete the hefty $15 dollar trade.
Another dealer on the bourse had quite a few nice error coins, and I was able to complete a partial trade & cash payment for a beautiful PCGS MS64 1968-S 1C on 10C Planchet, often times I will double check the cert on pcgs website, in hopes they may have a photo, or more information available on it. I was amused to find the PCGS value of the coin to be $1, I can tell you I payed moon money on that one! The same dealer also had an awesome 1994 1C on 1994 10C double denomination in ANACS (sm holder) in MS60, a point about this coin was that they were properly aligned. I got the dealers contact information, and I imagine I will be buying it in the next few months.
I was walking buy a dealers table as he was finalizing a deal on a PCGS $20 Saint, and PCGS 1846-D VF Details $2.50. I circled back after a few minutes to inquire about the $2.50 piece, I looked it up & down and saw it to be a rather pleasing example, he quoted me a fair price, and I said I wouldn't be in a position to buy it today, but would return on Sunday to see if it might still be there. While I finished up on Saturday, I believe I spent 5.5 hours at the show, I left relatively pleased with my 3 NEWPs.
As I was home Saturday evening, I found myself thinking of a beautiful large cent I had seen earlier, and I convinced myself & wife to return on Sunday after church. This time I brought a few coins from my earlier collecting days to generate some funds. I was able to sell them quickly and for a fair amount, allowing me to further cruise the bourse. On the way to the dealer with the large cent, I spotted an original PCGS AU 58 1856 Slanted 5 gold dollar, Priced at $285... dealer offered it for $250, and I said deal. I met up with the dealer with the large cent, I wanted. And we came to terms, I paid up for it but the coin jumped out of the case with originality and the beautiful red that so many of the early coppers are missing. I purchased a PCGS MS64RB 1850 N-7 Large Cent, and I believe it is my favorite at this time.
I also returned to the dealers table who had the 1846-D $2.5 but he had sold it, but I believe I located the dealer who bought it, so I believe the story is unfinished.
One coin I saw this weekend that was absolutely stunning was a PCGS XF Fugio (forgot the variety) with a huge clip prob 15-25% of the coin, but I had missed it on my first pass... and it was quickly sold.
I had a fantastic time at the show both Saturday & Sunday. I felt the items I sold found fair value, and the items I bought did the same. I will say that on Sunday my wife and 2 kids attended (18 mo & 2mo), the 18mo was running up and down the aisles having a grand time, and the dealers were amazing in their generosity and kindness showed to him. He left with a pocketful of IHC and Buffalo nickels that he was given by nearly every dealer he passed, so I appreciate that part of this hobby. As often you only hear the horror stories in interacting with dealers. I had a great time, and highly recommend the show for anyone wanting an excuse to visit Memphis.
And finally here are some NEWPs.
1850 PCGS MS64RB N-7 Variety LG Cent
1968-S PCGS MS64 1c struck on clad 10c
1856 PCGS AU58 Slanted 5 Gold dollar (with nice clashing)
1943 PCGS (2 piece holder) MS 64 10C mercury
1885-O PCGS (2 piece holder) MS 63 Morgan
I had a little SNAFU on Saturday morning as I left for the coin show, I had gotten the location incorrect. On arrival to the place I thought would be the coin show I found a county fair type atmosphere, with funnel cakes galore. I shrugged it off as I parked thinking this might be the weirdest show I have ever attended... but as I entered the building I quickly realized it was a large flea market of all kinds of junk. With quick utilization of my iphone, I was able to confirm I was in the wrong place, and the location of the coin show was only 2-3 miles down the road. I made it to the show about 15 minutes after the doors opened on Saturday.
When I attend shows, I often carry a blue box with me, filled with trades & gold. But this particular time I filled it with about 7 nice coins from my personal collection I was intending to show a friend at the show. I can say I do feel pity for the dealers as often collectors go table to table trying to find the absolute best $$ price for their items, as know one ever wants to be the 5th in line to price a coin. And from what I saw quite of few collectors were doing that. So I shrugged myself along with my blue box of coins. One dealer asked if I had brought coins to sell, and I said no. He then asked if you could look, and I said sure. On completion he asked what I wanted (as he reached for his grey sheet), and I again said they were not for sale. He then got angry and said "Why the hell even bring them?", so I asked what he would pay for the coin I recently got from Lkeigwin a PCGS VF25 1817/3, he quickly thumbed through the grey sheet and quoted me back of bid. I informed him that this was not a grey sheet coin, and he told me they all are. I asked him how many 1817/3 CBH has he dealt with, and he said none... so I smiled and walked on. As I entered the show I saw a room with about 60 dealers, and a room packed full of material. I often enter and do a quick survey, and then narrow my focus.
I feel my collecting is often sporadic, but I can look through my PCGS blue boxes and I can tell at what stage of my collecting a coin was purchased, with the more recent purchases trumping the later in quality and eye appeal. Most of the dealers were very approachable, and more than willing to talk coins, I appreciate this in terms of the face of the hobby. I spoke with one dealer out of Vicksburg, MS who showed me a stunner, it was PR68RB 1970ish 1C with great color, the devices had an amazing green frost with the fields having DMPL surfaces it was spectacular, but if I bought it I feel my wife would ban me to the couch. I spent the early part of the morning looking for pcgs slab varieties, and purchase a pair of OGH 2 piece holders for minimal money. One was a 1943 10C that cost $15, having been in a hurry that morning I arrived at the show with no cash, only a check book. I asked the dealer if I could write a check for the $15 coin, the look on his face was priceless.... I was able to locate a local ATM, and put some paper in my pockets so that I could complete the hefty $15 dollar trade.
Another dealer on the bourse had quite a few nice error coins, and I was able to complete a partial trade & cash payment for a beautiful PCGS MS64 1968-S 1C on 10C Planchet, often times I will double check the cert on pcgs website, in hopes they may have a photo, or more information available on it. I was amused to find the PCGS value of the coin to be $1, I can tell you I payed moon money on that one! The same dealer also had an awesome 1994 1C on 1994 10C double denomination in ANACS (sm holder) in MS60, a point about this coin was that they were properly aligned. I got the dealers contact information, and I imagine I will be buying it in the next few months.
I was walking buy a dealers table as he was finalizing a deal on a PCGS $20 Saint, and PCGS 1846-D VF Details $2.50. I circled back after a few minutes to inquire about the $2.50 piece, I looked it up & down and saw it to be a rather pleasing example, he quoted me a fair price, and I said I wouldn't be in a position to buy it today, but would return on Sunday to see if it might still be there. While I finished up on Saturday, I believe I spent 5.5 hours at the show, I left relatively pleased with my 3 NEWPs.
As I was home Saturday evening, I found myself thinking of a beautiful large cent I had seen earlier, and I convinced myself & wife to return on Sunday after church. This time I brought a few coins from my earlier collecting days to generate some funds. I was able to sell them quickly and for a fair amount, allowing me to further cruise the bourse. On the way to the dealer with the large cent, I spotted an original PCGS AU 58 1856 Slanted 5 gold dollar, Priced at $285... dealer offered it for $250, and I said deal. I met up with the dealer with the large cent, I wanted. And we came to terms, I paid up for it but the coin jumped out of the case with originality and the beautiful red that so many of the early coppers are missing. I purchased a PCGS MS64RB 1850 N-7 Large Cent, and I believe it is my favorite at this time.
I also returned to the dealers table who had the 1846-D $2.5 but he had sold it, but I believe I located the dealer who bought it, so I believe the story is unfinished.
One coin I saw this weekend that was absolutely stunning was a PCGS XF Fugio (forgot the variety) with a huge clip prob 15-25% of the coin, but I had missed it on my first pass... and it was quickly sold.
I had a fantastic time at the show both Saturday & Sunday. I felt the items I sold found fair value, and the items I bought did the same. I will say that on Sunday my wife and 2 kids attended (18 mo & 2mo), the 18mo was running up and down the aisles having a grand time, and the dealers were amazing in their generosity and kindness showed to him. He left with a pocketful of IHC and Buffalo nickels that he was given by nearly every dealer he passed, so I appreciate that part of this hobby. As often you only hear the horror stories in interacting with dealers. I had a great time, and highly recommend the show for anyone wanting an excuse to visit Memphis.
And finally here are some NEWPs.
1850 PCGS MS64RB N-7 Variety LG Cent
1968-S PCGS MS64 1c struck on clad 10c
1856 PCGS AU58 Slanted 5 Gold dollar (with nice clashing)
1943 PCGS (2 piece holder) MS 64 10C mercury
1885-O PCGS (2 piece holder) MS 63 Morgan
WTB... errors, New Orleans gold, and circulated 20th key date coins!
0
Comments
Thanks for the report!
I give away money. I collect money.
I don’t love money . I do love the Lord God.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
Cool "11c" piece.
Sweet little gold dollar.
The Merc's not my cuppa tea, but who cares, if you like it.
Edit- I missed the Morgan on my first go-round.
Hey, good work!
I hope to meet you at the next St. Louis show.
for you the next day.
Coin Club Benefit auctions ..... View the Lots
I like the group of coins but the G$1 is the winner to me.
Mike
Also, all your pick ups are sweet, especially the lovely 1850 large cent. Neat penny. Cool $1 GOLD as well. Great work all the way around.
Dave
Very nice report! I'm glad you had fun too. You purchased some wonderful material! I too saw the amazing rainbow pf Lincoln you saw...I never could price it though, as the dealer was away from his table...how much did he want? I loved the greens in that amazing coin. He had a phenominal GSA Bag and Rainbow toned CC Morgan...did you price it? I was wondering about it.
Thanks!
Doug
U.S. Type Set
<< <i>Hey Neighbor!
Very nice report! I'm glad you had fun too. You purchased some wonderful material! I too saw the amazing rainbow pf Lincoln you saw...I never could price it though, as the dealer was away from his table...how much did he want? I loved the greens in that amazing coin. He had a phenominal GSA Bag and Rainbow toned CC Morgan...did you price it? I was wondering about it.
Thanks!
Doug >>
Price for the Lincoln was 4,000... way outside of my comfort zone but an impressive coin. I have his contact information as he is out of vicksburg, ms. if you are interested.