Short Long Beach Show Report
AmericanaRC
Posts: 57 ✭
All I can say after returning home from the Long Beach Coin Expo last week is that the coin market is alive and well. Maybe not as much on the retail end as we have had in previous shows, but the wholesale market was strong!
On Thursday, I wasn’t able to leave my table once. There was a constant flow of dealers and collectors showing me coins that they were hoping to sell. Friday was the same, with me being able to leave my table for the first time around 2 in the afternoon. Needless to say, I came home with a TON of really cool coins (everything from early U.S. to a Morgan Goloid pattern) at price levels that I would consider competitive.
If there are any coins that you are interested in, please, don’t hesitate to drop us a line or give us a call.
Steve
Americana Rare Coin
On Thursday, I wasn’t able to leave my table once. There was a constant flow of dealers and collectors showing me coins that they were hoping to sell. Friday was the same, with me being able to leave my table for the first time around 2 in the afternoon. Needless to say, I came home with a TON of really cool coins (everything from early U.S. to a Morgan Goloid pattern) at price levels that I would consider competitive.
If there are any coins that you are interested in, please, don’t hesitate to drop us a line or give us a call.
Steve
Americana Rare Coin
0
Comments
constant flow of dealers offering you coins at a good price: Now, when you turn those and sell em at retail , Ill be impressed.
Don't take this the wrong, not what I'm implying:
I know several larger national dealers and I have been hearing getting harder to place coins at retail levels , many are having to auction them or wholesale em out. Obviously there are many exceptions to this.
I kinda read that the same way. Constant flow trying to get out, nothing said about selling.
I'm afraid you misinterpreted your 'action.'
put me down with the others who have asked about sales. wholesale trading between dealers is fine unless you're the collector, the guy who pays the added cost of 2-4 trades before a final sale.
In honor of the memory of Cpl. Michael E. Thompson
Granted, retail buyers are price sensitive, as is everyone.
For a large selection of U.S. Coins & Currency, visit The Reeded Edge's online webstore at the link below.
The Reeded Edge
It's funny, I was also thinking about how many people appear to want to sell without any indication that there might be strong collector buying.
It would be really nice if said sellers could hook up directly with the buying collector.
It's funny, I was also thinking about how many people appear to want to sell without any indication that there might be strong collector buying.
It would be really nice if said sellers could hook up directly with the buying collector.
...this is how eBay works for me
As a collector, the one thing I've learned about the coin market is that buying is easy - selling not so much.
buying from collectors.... friend offering 25%..... even 30 % on some coins under bid
It's funny, I was also thinking about how many people appear to want to sell without any indication that there might be strong collector buying.
It would be really nice if said sellers could hook up directly with the buying collector.
While that would be nice, 90% of collectors don't trust the other collector enough, or their own skills. They'd rather buy it from their favorite dealers with the obligatory 10-30% markups attached. Personally, I'll buy it from any source as long as it's not stolen and the seller has legal ownership rights. Then again, those same collectors won't sell to me either. Won't even give me a shot or ask what I might pay. They go right to their favorite dealers and are happy to get less money. That's how the "market" works.
That reminds me of a funny anecdote. For nearly 30 years, one of my favorite local shops was "bottled up" by a leading national dealer/wholesaler from the left coast who would fly in every month or two and clean them out of all their good stuff, much of it put aside by the 2 owners. And while they were here they'd try to clean out the rest of the state too....lol. The shop thought they were getting top-top dollar by selling this way to a big dealer with a national reputation and connections. Whenever I tried to stick my nose in over those years to get a morsel or two, they'd always say that's reserved for "Mr. X." It was only after the owners sold the store that I found out they were getting taken to the cleaners all those years....most of it by their inability to properly grade (ie usually way too conservative).
It's funny, I was also thinking about how many people appear to want to sell without any indication that there might be strong collector buying.
It would be really nice if said sellers could hook up directly with the buying collector.
While that would be nice, 90% of them don't trust the other guy, or their own skills. They'd rather buy it from their favorite dealers with the 10-30% markups attached.
I think 90% is just plain speculation without any basis to support it,
just like "let's make America great again...." utter non sense. But if that gets him votes. then more power to him.
I think 90% is just plain speculation without any basis to support it,
just like "let's make America great again...." utter non sense. But if that gets him votes. then more power to him.
If you want the numbers....go do a poll. No one is stopping you.
It's funny, I was also thinking about how many people appear to want to sell without any indication that there might be strong collector buying.
It would be really nice if said sellers could hook up directly with the buying collector.
While that would be nice, 90% of collectors don't trust the other collector enough, or their own skills. They'd rather buy it from their favorite dealers with the obligatory 10-30% markups attached. Personally, I'll buy it from any source as long as it's not stolen and the seller has legal ownership rights. Then again, those same collectors won't sell to me either. Won't even give me a shot or ask what I might pay. They go right to their favorite dealers and are happy to get less money. That's how the "market" works.
A big +1.
Firearms show are about the same for new gun buyers, they will trip over themselves to get to a ffl dealers table to fill out paperwork and pay more when the same gun is at a "private collection" sellers table for less and no paperwork. Most figure that out after a few trips to the gun show.
The big issue I see at most shows of any collectible is everyone want to be a "pawn star" and pay 25 cents on the dollar, they think they are the only person walking around with a stack of 100's and You need to play ball with them. The bulk are clueless cause they have gotten all their info from cousin Vinny, a friend of their brothers has one or the internet chatrooms.
I do not have a issue with the way people price their stuff even when way overpriced. You can pass or play but as I remind a few very show I set up at, I have it and you want it, I am not going to let you have it for under cost just cause you are an expert.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"