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Thursday at Long Beach
Elcontador
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The first thing I noticed was surprisingly heavy foot traffic at the show. Not just dealer to dealer transactions; collectors were buying and selling as well.
There was quite a bit of Unc. Braided Hair Copper, and a fair amount of earlier copper as well.
Saw more Unc. Barber Halves than usual at a show. Plenty of Unc. Barber Dimes, not so much re Unc. Barber Quarters.
There were many AU Capped Bust Halves. You could find Unc. and PF 3 Cent Nickel and High Grade Two Cent Pieces if you looked.
Andy Lustig had the remaining Miller Bust Dollars that hadn't yet been sold. These are very nice coins and the one I viewed closely was a road map of how the surfaces of this kind of coin should appear in AU.
Katy Duncan had a beautiful Large Dentil Quarter in MS 65.
I picked up several of the remaining post 1960 Brasilian Currency Notes I still don't have. That's it.
One reason I come to shows is to visit with people that I otherwise wouldn't be able to see.
Another reason is education. If I want to buy an expensive coin (for me), I want to physically see as many of them in the grade I am looking for as possible. This way, I know what to look for, and where a particular coin sits on the grade continuum. I need to know this re which coins are acceptable, and whether their pricing is reasonable (to me).
Going to shows is also helpful when it comes to selling coins as well, for reasons in the preceding paragraph, in addition to seeing who is paying stronger money for what you have for sale.
I also sold much inexpensive (raw) material I acquired as a kid, you know, back when people were yelling "give us Barabas!" The bulk were Unc. silver Roosevelt Dimes. Most of these coins would grade MS 65 and MS 66. Some might grade higher.
The issue with these coins is that you can't get a bulk grading rate, like you can with a roll of coins. So if a coin comes back as MS 65, the increase in value is eaten up by grading fees and you lose money on it. If it comes back in MS 66, by the time you pay grading fees and the cost of selling it, there's not much left for you. If the coin grades MS 67 or better, you're good, but much of the spread will go to covering grading fees and paying to sell the other coins.
As I bought these coins so long ago, I did fine. They sat for decades and I'd rather have a few hundred buck to spend as I wish rather than having them sit for a longer period of time. It's not like they are going to appreciate anytime soon.
Thanks to one of my Heritage contacts for getting me up to speed on this so I could proceed accordingly.
There was quite a bit of Unc. Braided Hair Copper, and a fair amount of earlier copper as well.
Saw more Unc. Barber Halves than usual at a show. Plenty of Unc. Barber Dimes, not so much re Unc. Barber Quarters.
There were many AU Capped Bust Halves. You could find Unc. and PF 3 Cent Nickel and High Grade Two Cent Pieces if you looked.
Andy Lustig had the remaining Miller Bust Dollars that hadn't yet been sold. These are very nice coins and the one I viewed closely was a road map of how the surfaces of this kind of coin should appear in AU.
Katy Duncan had a beautiful Large Dentil Quarter in MS 65.
I picked up several of the remaining post 1960 Brasilian Currency Notes I still don't have. That's it.
One reason I come to shows is to visit with people that I otherwise wouldn't be able to see.
Another reason is education. If I want to buy an expensive coin (for me), I want to physically see as many of them in the grade I am looking for as possible. This way, I know what to look for, and where a particular coin sits on the grade continuum. I need to know this re which coins are acceptable, and whether their pricing is reasonable (to me).
Going to shows is also helpful when it comes to selling coins as well, for reasons in the preceding paragraph, in addition to seeing who is paying stronger money for what you have for sale.
I also sold much inexpensive (raw) material I acquired as a kid, you know, back when people were yelling "give us Barabas!" The bulk were Unc. silver Roosevelt Dimes. Most of these coins would grade MS 65 and MS 66. Some might grade higher.
The issue with these coins is that you can't get a bulk grading rate, like you can with a roll of coins. So if a coin comes back as MS 65, the increase in value is eaten up by grading fees and you lose money on it. If it comes back in MS 66, by the time you pay grading fees and the cost of selling it, there's not much left for you. If the coin grades MS 67 or better, you're good, but much of the spread will go to covering grading fees and paying to sell the other coins.
As I bought these coins so long ago, I did fine. They sat for decades and I'd rather have a few hundred buck to spend as I wish rather than having them sit for a longer period of time. It's not like they are going to appreciate anytime soon.
Thanks to one of my Heritage contacts for getting me up to speed on this so I could proceed accordingly.
"Vou invadir o Nordeste,
"Seu cabra da peste,
"Sou Mangueira......."
"Seu cabra da peste,
"Sou Mangueira......."
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I was surprised at how busy it was at Long Beach on Thursday. Tons of people on the bourse. Thought having the ANA show in nearby Anaheim a month ago would have made this show a bit slower, but that has not been the case so far.
Looking forward to more fun at Long Beach today and Saturday
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
M
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......