Silver Dollar and Rare Coin Expo In St. Charles MO
Pittstate03
Posts: 117 ✭✭✭
I enjoy reading everyone’s show reports, so here is my attempt at it.
I traveled to the Silver Dollar and Rare Coin Expo on a very rainy day in St. Charles MIssouri Thursday, which is right outside St. Louis. I arrived about 2 hours after the show opened Thursday which was a little before 12:00.
I usually do a quick scan though a show to see if anything catches my eye. About halfway through I saw a coin I was looking for in a lower graded and purchased it. I continued until I walked the entire floor and didn’t really see much else that I needed.
I hadn’t had lunch, so i grabbed a sub-par burger at the concession stand and sat with Michael White from ANACS. I had brought about a dozen lower grade Vams I wanted to submit. He told me about the show special (10 coins for $109 and free return shipping) with additional coins being $12 each. I told him I would see him before I left.
I returned to searching the show. There was not much of a crowd at all. Mainly dealers were talking/looking through each other’s inventory. I made my way in where I could to look through boxes or I just stood there until they asked me if I was looking for anything 
I never want to butt in or interrupt anyone, but I will stand around like the guy at the office that nobody wants to talk to until someone achknowledges me.
I looked through 4 or 5 dealers inventory that I have done business with in the past and didn’t really find anything that was for me. I stopped by a large dealer I see on eBay and looked to see what they had. Some amazing coins, but at premium prices. I priced a could rare date Morgan’s, but they wanted 10% over what I had recently sold similar coins for so I passed. I should explain that I have recently decided I just need to specialize in a small sector or certain coins that I am good at. I got to a point where I was not happy having bulk Or the good with the bad, which I did for a long time.
I had about a hour left before I was leaving and was disappointed that I could not find more than one coin. I switched to sell mode. I had packed about 12 GSA’s and a small box of slabs. I sold all but 1 GSA and sold 4 or 5 graded CC dollars. I then looked around a little more, priced a few coins, made a offer on a national bank note, but couldn’t come together on a price on anything.
I was halfway out the door and remembered ANACS. I went back over to the ANACS table, Michael had everything ready and we filled out the order form. It was a great expirience, Michael is top notch! He made it flawless and gave me a great deal in addition to the show special and gave me a sample slab. I have never submitted to ANACS, will definitely give them consideration in the future. The price for grading the circulated Morgan’s that I wanted attributed and slabbed was unbeatable!
So all in all, I was a little disappointed with not buying any inventory, but I sold some pieces and had a great ANACS first expirience.
Comments
Great report!!
Sub par burger= not enough mustard
Thank you! Yes, they just work better for me. I don’t know if specialize is the right word, maybe focus on Morgan’s explains it better.
Nice show report.
I would think that the ANACS deal at 10/109 doesn't include variety attribution, does it ?
That would be some deal.....
You wouldn’t think, but the ANACS rep must have some discretion...because it was in the range of "some deal" as you would say.
I stopped by a large dealer I see on eBay and looked to see what they had. Some amazing coins, but at premium prices. I priced a could rare date Morgan’s, but they wanted 10% over what I had recently sold similar coins for so I passed.
I don’t think it’s unreasonable that a dealer is asking 10% more not really sure what you would expect to pay? After all even a small traveling dealer a show will cost $2,500 to set up at between table, travel, hotel, etc
I don’t think it’s unreasonable for them either. It is however unreasonable for me to pay it...so I didn’t.
Good report.... Interesting that so many dealers complain that the market is shrinking etc., etc., - and yet, the prices seem to stay high....Yes, it does cost $$ to set up at shows, however, it is a complete loss if nothing is sold. Seems the market is not as bad as some are saying.... much like midwest farmers...never a good year
Cheers, RickO