I noticed a lack of reports from the baltimore show
PTVETTER
Posts: 6,001 ✭✭✭✭✭
I would expect a number of report from the baltimore show by now.
Leaves a bunch of questions open??
Leaves a bunch of questions open??
Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211
0
Comments
I heard a lot of mixed results. Great traffic, good wholesale, low retail sales was what I mainly heard. None mentioned a horrible show, none mentioned a great show.
Thursday, Strong day for wholesale business. Dealer to dealer was strong, but the normal for the show. Retail on the other hand was weak. I noticed that the retail customers that were buying were more knowledgeable collectors. Those bargin hunters didn't find much at most tables. They gravitated to the tables with raw coins.
Friday I stayed at the table and did mostly wholesale business.
I did make some retail sales, but overall veryslow
Saturday I did't do any Wholesale and again a slow day retail sales.
I did meet some new customers that wanted to stay in contact with me for some of thier onter needs that was a good thing.
For the most part many dealers said it was very slow and questioned ast to why.
Normaly this show was a much better show.
Some dealers did have a very good show.
I was talking to a dealer that has made the only 2 1909-S VDB in MS67RD in the last 10 years or so.
Parking is still costly in the inner harbor, nothing changed there.
njcc
For a large selection of U.S. Coins & Currency, visit The Reeded Edge's online webstore at the link below.
The Reeded Edge
Most of my Baltimore customers are decently well-off collectors who own or work at businesses that deal a lot with the federal government. Many of them said that the local economy is basically in a holding pattern, with most people saving up their money. The government shutdown ended with Congress just kicking the can down the road for 90 days, and many of these collectors are preparing for the next shutdown fight by cutting down on discretionary expenses.
Coin Rarities Online
We had a record turnout at the LSCC meeting Friday morning, with 40+ attendees.
I bought three very obscure things, all of which were a complete surprise:
a) A silver Rittenhouse Mint medal, one of three known
b) An old book featuring a pressed leather cover engraved by Christian Gobrecht (they made dies for book covers, too)
c) An original lithograph of "Ye Olde Mint," commissioned by Frank H. Stewart in commemoration of the first United States Mint
The coolest thing I saw at the show was an 1872-CC quarter in a PCGS AU-53 holder, fully deserving of the grade and no doubt will be beaned on the first try.
<< <i>As far as I am concerned, the Baltimore show did not happen unless there is a TomB show report.
I agree.
No TomB. No Baltimore. NO report.
peacockcoins
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>It was good for me - lot of retail to usual suspects, but also to new people. >>
thats good to hear theres new blood coming into play
at the booth (books, folders, albums, coin tubes, etc.). The three top-selling books
were John Mercanti and Miles Standish's American Silver Eagles, second edition,
Ed Moy's new American Gold and Platinum Eagles, and Q. David Bowers's
Guide Book of Civil War Tokens --- an interesting mix of modern and
classic.
<< <i>If there is little or no retail the coin market is weak. >>
A very true statement. It usually follows that there is considerable dealer to dealer trading as they play hot potato with coins they know are now overpriced.
That said, here's a quote DWN's client email:
Thursday was a madhouse with the best floor traffic I can recall having ever seen at a Baltimore show. From start to finish I had multiple people at the table, and I was able to buy some really neat coins...
First time I caught the Acela down from NYC - it was much more relaxing than a late flight from California that I normally take on the Wednesday.
- Ian
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
The Penny Lady®
Liberty: Parent of Science & Industry
I did not buy anything, but looked at a few coins. 1 I almost bought but price was just a bit too Much, dealer made the mistake of mentioning it being consigned to heritage FUN, Ill get it there and have a little more powder in the Keg.
Took 1 coin too sale, no luck, several wanted to take on consignment, but no actual direct offers to buy at a price I needed.
Took another coin to show, and ended up selling it, but didn't really want too.
Took my 16-d Merc in PCGS 64 FB CAC for a chance to upgrade, but all three coins I saw on the bourse , I did not like as much as mine. Couldnt afford the 66FB. (which was nice)
The 72-cc was purchased by a fellow board member, I had to leave the show before it came back from PCGS so I didn't see in hand, but he is close by, so I will get to look at it shortly. (I am excited for him, as he has nearly completed his seated quarter set) I helped him with one coin.
One issue that many dealers mentioned to me was that hotel space seemed to be more expensive then previous shows..... remember dealers are here for several nights (more than the show if doing auctions) so this adds to their expense...all in all I think every dealer agrees that Baltimore remains on of the best shows out there..... only Fun and ANA Summer would be considered to be on same level
We did some great wholesale business basically selling out our entire inventory then being able to hunt and peck for some NEWPS to bring back for our upcoming Thanksgiving show that we will be at next week... This was one of the only shows in a long time that we were able to purchase about 8 three cent silvers....cherry picking some incredible pieces....
and I judge a lot of traffic by how much candy we put out at this show we still had some left over
<< <i>We did some great wholesale business basically selling out our entire inventory >>
. .....and for us poor collectors the prices double, we feel horribly ripped off and that's why your retail business is dead at shows. Too much greed in all this. Venue rips you off, auction house premiums rip you off, dealers asking the moon, this rips you off. It all leaves a bad taste.
link
Rather upseting report of something that happened during the auction.
Indeed.
And where is the TomB report?
Knowledge is the enemy of fear
Dropped a couple of coins off at PCGS (one of which was an "oh what the heck, it's a lottery pick" '95W proof silver eagle that at least looked pristine and had been undisturbed for 18 years since purchase from mint).
Had a look for the guy (don't remember name or previous booth from the June show) who had the hand-held XRF machine as I had a couple of patterns I wanted to check alloy on. Didn't find him - does anybody by chance remember his name or company?
I went on Saturday, and has been said earlier not much of interest for purchase anyway, walking the bourse floor just does not do a lot and have not bought a coin for several YEARS…Foreign coins are rather slim for the picking but always look anyway. I felt the show was somewhat slow as far as retail browsers compared to many previously.
That place, as many times as I have gone, is huge but I dutifully go by every table and have a look see at least what is on display.
Well, just Love coins, period.
<< <i>Rather upseting report of something that happened during the auction
Indeed.
And where is the TomB report? >>
"And lot #4010, a 1652 Pine Tree Shilling, Noe-1 in an MS62 holder that was moving along nicely with widespread action on the floor and none other than Q. David Bowers standing in the front of the room bidding on it too. Eventually, though, he bowed out when his $32,500 bid was trumped at $35,000. But then in a move I have not seen before in any auction, Mr. Bowers asked if he could say a few words before the lot hammered down, which included him advising the room (and the internet bidders online at the time) that this variety (but not this specific specimen) was Louis Eliasberg’s favorite coin, and the consignor’s favorite, and QDB’s favorite, and then pointed out that it dramatically exceeded his own specimen which was “only” VF/XF. Which immediately caused bidding that was seemingly over at that point to shoot up another $7,500 to a very robust $42,500. I’m not sure what this means, though next time I sell anything at auction I’m going to ask Mr. Bowers to come with me and see if he has anything to add before the lot closes."
Can't say I've ever heard of that happening before. Given that QDB was out of the bidding at that point, I'm inclined to give him a pass. Still very unusual.
<< <i>
<< <i>Rather upseting report of something that happened during the auction
Indeed.
And where is the TomB report? >>
"And lot #4010, a 1652 Pine Tree Shilling, Noe-1 in an MS62 holder that was moving along nicely with widespread action on the floor and none other than Q. David Bowers standing in the front of the room bidding on it too. Eventually, though, he bowed out when his $32,500 bid was trumped at $35,000. But then in a move I have not seen before in any auction, Mr. Bowers asked if he could say a few words before the lot hammered down, which included him advising the room (and the internet bidders online at the time) that this variety (but not this specific specimen) was Louis Eliasberg’s favorite coin, and the consignor’s favorite, and QDB’s favorite, and then pointed out that it dramatically exceeded his own specimen which was “only” VF/XF. Which immediately caused bidding that was seemingly over at that point to shoot up another $7,500 to a very robust $42,500. I’m not sure what this means, though next time I sell anything at auction I’m going to ask Mr. Bowers to come with me and see if he has anything to add before the lot closes."
Can't say I've ever heard of that happening before. Given that QDB was out of the bidding at that point, I'm inclined to give him a pass. Still very unusual. >>
I don't think the winning bidder appreciated QDB hyping up the final hammer price of this coin.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Going to coin shows to buy coins is SOO 1990's. >>
Ha! So true.
<< <i>As far as I am concerned, the Baltimore show did not happen unless there is a TomB show report.
You guys are killing me! Okay, one will be up tonight or tomorrow.
In honor of the memory of Cpl. Michael E. Thompson
<< <i>
<< <i>
<< <i>Rather upseting report of something that happened during the auction
Indeed.
And where is the TomB report? >>
"And lot #4010, a 1652 Pine Tree Shilling, Noe-1 in an MS62 holder that was moving along nicely with widespread action on the floor and none other than Q. David Bowers standing in the front of the room bidding on it too. Eventually, though, he bowed out when his $32,500 bid was trumped at $35,000. But then in a move I have not seen before in any auction, Mr. Bowers asked if he could say a few words before the lot hammered down, which included him advising the room (and the internet bidders online at the time) that this variety (but not this specific specimen) was Louis Eliasberg’s favorite coin, and the consignor’s favorite, and QDB’s favorite, and then pointed out that it dramatically exceeded his own specimen which was “only” VF/XF. Which immediately caused bidding that was seemingly over at that point to shoot up another $7,500 to a very robust $42,500. I’m not sure what this means, though next time I sell anything at auction I’m going to ask Mr. Bowers to come with me and see if he has anything to add before the lot closes."
Can't say I've ever heard of that happening before. Given that QDB was out of the bidding at that point, I'm inclined to give him a pass. Still very unusual. >>
I don't think the winning bidder appreciated QDB hyping up the final hammer price of this coin.
Especially since the winning bidder was the high bidder at $35,000 listening to "Going Once! Going Twice......" when the auction suddenly took a trip down memory lane.......
<< <i>
<< <i>
<< <i>Rather upseting report of something that happened during the auction
Indeed.
And where is the TomB report? >>
"And lot #4010, a 1652 Pine Tree Shilling, Noe-1 in an MS62 holder that was moving along nicely with widespread action on the floor and none other than Q. David Bowers standing in the front of the room bidding on it too. Eventually, though, he bowed out when his $32,500 bid was trumped at $35,000. But then in a move I have not seen before in any auction, Mr. Bowers asked if he could say a few words before the lot hammered down, which included him advising the room (and the internet bidders online at the time) that this variety (but not this specific specimen) was Louis Eliasberg’s favorite coin, and the consignor’s favorite, and QDB’s favorite, and then pointed out that it dramatically exceeded his own specimen which was “only” VF/XF. Which immediately caused bidding that was seemingly over at that point to shoot up another $7,500 to a very robust $42,500. I’m not sure what this means, though next time I sell anything at auction I’m going to ask Mr. Bowers to come with me and see if he has anything to add before the lot closes."
Can't say I've ever heard of that happening before. Given that QDB was out of the bidding at that point, I'm inclined to give him a pass. Still very unusual. >>
I don't think the winning bidder appreciated QDB hyping up the final hammer price of this coin.
Not a bad idea, really. Every major auction should have a panelist of experts who can hold up cards that show favor or dislike for each coin as they come up. This way, all bidders will be on equal (experience) ground when they bid. And the wealthiest bidder will win every time. hmmm
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>
<< <i>
<< <i>
<< <i>Rather upseting report of something that happened during the auction
Indeed.
And where is the TomB report? >>
"And lot #4010, a 1652 Pine Tree Shilling, Noe-1 in an MS62 holder that was moving along nicely with widespread action on the floor and none other than Q. David Bowers standing in the front of the room bidding on it too. Eventually, though, he bowed out when his $32,500 bid was trumped at $35,000. But then in a move I have not seen before in any auction, Mr. Bowers asked if he could say a few words before the lot hammered down, which included him advising the room (and the internet bidders online at the time) that this variety (but not this specific specimen) was Louis Eliasberg’s favorite coin, and the consignor’s favorite, and QDB’s favorite, and then pointed out that it dramatically exceeded his own specimen which was “only” VF/XF. Which immediately caused bidding that was seemingly over at that point to shoot up another $7,500 to a very robust $42,500. I’m not sure what this means, though next time I sell anything at auction I’m going to ask Mr. Bowers to come with me and see if he has anything to add before the lot closes."
Can't say I've ever heard of that happening before. Given that QDB was out of the bidding at that point, I'm inclined to give him a pass. Still very unusual. >>
I don't think the winning bidder appreciated QDB hyping up the final hammer price of this coin.
Not a bad idea, really. Every major auction should have a panelist of experts who can hold up cards that show favor or dislike for each coin as they come up. This way, all bidders will be on equal (experience) ground when they bid. And the wealthiest bidder will win every time. hmmm >>
The winning bidder may not have liked it, but I am sure the seller loved it.