More reports on the L.B. Show

Bear · May 29, 2003 6:04AM

Its 1PM on the West Coast, need my report, getting withdrawel symtomssssssss.

Bear · May 29, 2003 6:14AM

Just spoke by cell phone with Larry Printz of Larry Whitlow Ltd. He said the show seemed very

strong with people paying high prices for nice coins. He sounded very busy so could only talk with

Mike for a minute or two. Not much on specifics , but it is the first report.

bohica268 · May 29, 2003 6:36AM

Claw says there is an 1804 Dollar at the show.

Bear · May 29, 2003 9:35AM

ttt

Lakesammman · May 29, 2003 10:26AM

Having a great time at the Show. The auction starts in 2 hours and have previewed the IHC/FE cents 4 times! Some pre-auction bids look strong. Lot's of traffic on the floor....money seems to be changing hands. Haven't heard any griping.

Got a nice upgrade on a 1884 IHC, now 66R. Bought it from Moose via Angel Dee a couple of years ago. The other 3 submitted didn't upgrade. Consigned 6 coins to the Baltimore show, Heritage auction.

Saw Edgar, Snow, Sirna, Boiler78, Rick Kay and others. Having a great time. Just wish they had something better than 3.2% beer on the bourse!

Full report tomorrow - gotta ron.

tjkillian · May 29, 2003 10:28AM

I went to the show today. It was as usual, with lots of coins. I had more difficulting finding coins in my price range (<$1000.00) than normal. I did not see a single circulated bust coin in a PCGS holder anywhere. Rick Snow just got some new coins in and I picked up a 1876 PCGS MS-64RB that was PQ. I also went to Tom Reynolds and picked up a 1804 plain 4, no stems PCGS half cent in XF-45. Paid very strong money for it as cheap coins were non-existant. I was checking out lots of PCGS Seated Liberty Quarters in MS-63 through MS-67. Other than the 67's, they all looked very scary. Way too many marks for me. It makes me think that my 1861 MS-64 quarter is under graded. Far less RED indian cents this time. I actually sold a coin on eBay to a dealer and the dealer paid me cash for the coin when I delivered it to him at the show. First time I have ever SOLD a coin to a dealer, sight-seen.

Lunch was wonderful, almost everyone was a WASP 40 years old, except one gentleman who was originally from Taiwan, but had the most wonderful 1840-O PCGS MS-62 quarter. I sat next to Stewart Blay, and he was quite pleasant. I finally met, in person, Braddick. He also seemed quite nice. Miles Standish gave everyone personalized quarters and paid for lunch.

Overall it was a very nice show.

Tom

Bigern · May 29, 2003 10:47AM

Wondercoin has a write up over on the "Registry Forum".

mdwoods · May 29, 2003 12:00PM

I went to the show and luncheon today, and viewed a few Heritage lots as well. Big show, with more room between the aisles than most shows I have been to. That was a treat. I honestly can't give an accurate description as I spent more time socializing than I did looking at coins. I did see a lot of money changing hands, so people were buying. I saw the 1804 Silver Dollar that was on display. Nice mirrors on the reverse. Perhaps overgraded, but still a beauty. One of my childhood dream coins. I was more impressed by the Cardinal Collection of Early Dollars. Man, that is a fantastic set. Some nice silverware!!

I also got to see a couple of MS68s toner commems. He had 2 MS68 Antietam coins. Both were absolutely superb. Not only was the color fantastic, but they were dripping, oozing, spewing, luster. Just amazingly lustrous. Also the prettiest Boone half you could imagine.
MS68 is a great guy with an unmatched eye for superior coins. I met PCGS grader Miles Standish at the luncheon. He is a genuinely funny guy who is very upbeat. I also met many other CU members, I wish I could have spent more time with all of them. Mitch did a great job organizing the luncheon and everyone seemed to have a great time.

I spent a short time talking with Jon Kern about ancients, he is a walking encyclopedia and a very pleansant person to talk to. Although I suspect his has psionic powers to control minds. At least I think he does, as I can never leave his table without something.

I also met BJ and CarolJ to day for the first time. Both lovely ladies and very nice to talk with. I spent time talking with Clw43, Mr. Lee, Nucklehead and his girlfriend and JOM. It is nice to put faces with names.

I'm going back tomorrow, and I am going to one of the Heritage Auction sessions too. Just for the experience of it. If I see 2 big time dealers fighting over something I might throw in a bid, just to get a dirty look or two.

I wish all of you could be here, Long Beach is a great place for a coin show. Plus the Ocean is right there in case you want to go wrestle an Orca or something.

Bear · May 29, 2003 1:13PM

ttt

ohbaby · May 29, 2003 2:22PM

I flew in and was there from about 11am to 4pm.

My observations.....Not a whole lot of activity. I just didn't see that many deals being done as others did. What I did see is lots of socializing. Here's a tip for dealers, if people are in front of your case yapping away ask them to move aside, because if they dont move I will move on and never see your material. How many times do you see guys put their bag on tables or take up the whole table with their folders, grey sheets, etc. Unreal.

As I commented elsewhere the Heritage auction had alot less to be desired. They are THE auction house with outstanding resources that put others to shame but this auction is a bust for me with little in the way of what I like. Very very few original coins.

On the downside I did see a young fellow trying to sell his 2 rolls of Morgans, they looked like the junk you buy on Coin Vault. The dealer offered him 4.75/ea. Ouch!

Some tables were busy and others had dealers reading the paper. Many dealers were selling shiny junk and I guess waiting for the weekenders to buy their polished wares. Didn't feel up to hitting the auction tonight as there were only 2 lots I had an interest in and did not want to stay up til 11pm to bid so here i am in the hotel watching it.

More tomorrow.

clw54 · May 29, 2003 3:03PM

<< <i>Claw says there is an 1804 Dollar at the show. >>

I gotta say that I got a kick out of seeing that. This was my second Long Beach show and I didn't feel overwhelmed like the first one. It is a BIG show. I bought an NGC AU58 1899-S double eagle there, so I left feeling I did the show right. It was worth the drive, and as always at shows it was fun meeting forum members.

JamminJ · May 29, 2003 3:11PM

I can also attest to the lack of Bust PCGS circulated stuff. I was looking for a quarter and didn't see a single one (a few in NGC holders, though). It drove me to the darkside.

Hey Claw, glad to hear you found one of the coins on your list, hope I get to see it sometime in the future!

-JamminJ

Lakesammman · May 29, 2003 4:27PM

Well shoot....got outbid on a 1856 P65 PCGS S4 variety. Once again , the brides-maid. It went for over 25K. Nothing else of interest to me in the heritage sale. A few patterns tomorrow should garner strong bids.

jom · May 29, 2003 4:55PM

It's a better show than the last one. I bought a nice Commem today only to sell it to Strat about an hour later. Nice profit that paid for dinner tonight.

Wasn't able to get an of the Buffs I wanted in the auction tonight but I wasn't bidding strong though. I've cooled down on my Buff buying lately.

Tomorrow: more looking coins made of that yellow metal....what's it called again? GOLD! That's it...GOLD!

jom

jcping · May 29, 2003 5:31PM

It is very hard to find any nice standing liberty quarters in today's Long Beach show except in Cline's cases. Any PCGS SLQ with eye appealing (does not have to have Full Head), dealers want 50% to 100% over ask. Most tough date Full Headers in the show cannot be graded as FH 10 years ago. I did see one S mint sharp Full Header, it is priced about 3.5X of the bid....... Don't know how to negotitate the price.

I did view all SLQs in Heritage auction. A few nice ones but most SLQs are one to two grades over my standard. I did bid on one lot (bid 3X of grey sheet bid). I am crossing my fingers.

For Ike dollars, I also checked the 1971-S PCGS MS67 and 1976-S PCGS MS68 in Heritage auction. They are dogs and 76-S is with a free green finger print on it. If re-grade, I doubt any could go over MS65. Good luck for the winner(s) of the two lots.

SethChandler · May 30, 2003 2:46AM

Which specimen of the 1804 Dollar? What was the grade?

Seth

tradedollarnut · May 30, 2003 2:49AM

Supposed to be the King of Siam specimen in NGC PF67

SethChandler · May 30, 2003 3:11AM

That was fast, thanks TDN. I think that you are one of about five hardcore "serial" posters around here. A cool question/topic comes up........then bam, there you are. Do you have an extra screen at your desk so you can work and follow what goes on around here?
I appreciate the passion.

What's the King Of Siam set worth? Does it reside in a collection?

Seth

tradedollarnut · May 30, 2003 3:14AM

Coins are my life!

[I have very good managers in my business. I'm around if they need me, but I do my own thing most of the time.]

In this market, I'd say the set is worth $5M. It sold at auction in the early 1990's for $3M and then a few years later for under $2M. Then, a few years ago, it sold for a reported $4M+ in a private transaction.

Elcontador · May 30, 2003 3:56AM

This was the most enjoyable Long Beach Show I've attended in several years. I enjoy seeing dealers from other parts of the country who show me material they know I'd appreciate, even though I can't afford most of it. David Weygandt showed me the nicest toned Walker I've ever seen. It's a '39 P in PCGS 68, but forget the date & slab #; this coin has so much beauty and personality it should have its own first, middle & last name! Three months ago, I thought Mark Feld had the nicest Draped Bust Half Cent I had ever seen. Well, he showed me one that was even nicer!

I did not look at the King of Siam 1804 $. To me, material like that is like a Velázquez painting, and I've seen all of them in the Prado Museum in Madrid.

I saw some familiar faces; Strat, Jom, and Braddick. I also spent some time chatting with Truth, Coinguy1, Nucklehead and his girlfriend, and Tom Killian, who is probably is my closest neighbor on these boards. I also met EVP and Greg Margulies; both of them are knowledgeable guys with IMO a good sense of humor. It is always a pleasure talking with Carol. She must like me now, because she doesn't run away from me anymore

Regarding coins, I was looking for a nice Seated Quarter W Motto in 6. I actually found three of them (I actually saw six, but three were nice). All three coins were nice for the grade and I would have been happy with any of them. It is a real pleasure to be able to pick and choose. "Do I want a type coin or a better date?" Do I want it in a PCGS or NGC holder? Do I want a white or toned coin?" After going to three shows and finding virtually nothing, it doesn't get much better than this. I'll try to post the one I bought.

I was also looking for a type II SLQ in FH 6. While there were a number of them available, nothing for sale jumped out at me. The white ones typically IMO had too many contact marks and the strikes were mediocre. OTOH, the original ones had too much unattractive toning. A big exception was the 1927 S FH 6 that Jay Cline had, but as I don't want to see how much of an equity line of credit I can get on my home, I passed on it.

More nice type was available this time around. I saw some Seated Quarters W Motto in 7 & for the first time, six PCGS MS 66 Nickels on the floor (two of which were nice). There was some copper available in RB 5, for a change. If Tom Reynolds wants to come down on his 1838 Large Cent in RB 5, I want to be the first one to know. That coin was the nicest copper on the floor; it was "all there." High end Seated Dimes and Halves (W Motto) were also available. There were also a number of high end Seated and Trade $s available, and for a change, some of them looked nice.

I didn't see much auction material that interested me. The most beautiful SLQs I saw were in a collection just bought by Larry Whitlow. These were early P coin. The two I saw were fully struck -- problem free (which is very rare for SLQs) -- beautiful coins. I'll be checking his website. They won't be cheap, but you'll be hard pressed to find any as nice as these (excepting a date like the 1917P Type I, which I think is the best struck of all of them).

Lastly, I got some vindication re some coins I bought but couldn't get a second opinion on them.
I always try to have someone else look at a coin before I buy it, but wasn't able to do so with these. I showed the six coins to some people who IMO know more than I ever will about them.
One guy wanted to buy my Seated $ (a 59 O in 3), the Reeded Edge Half in MS 4 & Proof Barber Half in 5 were solid for the grade, my SLQ is original with mottled toning & most people didn't like it
My Capped Bust Dime in 4 and Seated No Motto Quarter in 5 are at PCGS where I am trying to upgrade both of them.

Between running my marathon four years after knee surgery & really enjoying myself at the show, I am very much high on life right now. If one or both of the coins upgrade, Deus é Brasileiro (it a cultural thing that doesn't translate well, but in Brasil, if something really wonderful happens to someone, it is because God also is Brasilian).

1890 Seated Quarter (may need some help with the link)

ConstellatioCollector · May 30, 2003 6:11AM

I just returned from the show. Lots of people and a great time was had by me!

Bear · May 30, 2003 9:41AM

ttt

Bear · May 30, 2003 10:17AM

OK returned from the show. Got a beautiful toned sharp strike Wash/Carver CommemPCGS-MS 66

from Larry Whitlow. Dont worry folks, he has another identical coin that will be posted next week, if its not

sold at the show. Visited Larry Shepherd of Simco Numismatics and picked up a PCGS MS-68 Norfolk

with irridescent gold, green and red toning, a stunning coin. Finally Larry had a PCGS MS-66 Elgin

that had such a sharp strike you could see all of the faces on the four pioneers on the reverse.

The obverse was as nice or nicer then any other Elgin I have seen with a soft satin flawless surface.

Would have stayed longer but I ran out of money.

Did not see any DMPL Morgan dollars that grabbed me and non with the desired CC Mint Mark.

The famous King of Siam Dollar had a magnificent Proof reverse but I cant say I cared much for the

obverse.

LucyBop · May 30, 2003 10:37AM

<< <i>a PCGS MS-69 Norfolk >>

coinkat · May 30, 2003 10:45AM

A good point was made about things that are placed on dealer display cases... this is rude and graysheets, folders, books and other crap should be kept off...plain and simple. There are other options such as a chair, the table or the floor.

Baley · May 30, 2003 10:49AM

Bear, as always, I will need to see some pictures in order to corroborate your story

a PCGS MS-69 Norfolk

Elcontador · May 30, 2003 11:00AM

Coinkat -

I think it is okay to put stuff on dealer tables as long as it doesn't get in the way of anyone else.
I put greysheets & papers on the dealer's table, and I write notes about any coin which I view. If someone wants to see a coin & I'm in the way, I move my stuff so the other person can see the coins which interest him / her.

barberlover · May 30, 2003 11:31AM

many dealers are guilty of putting stuff on other dealers tables right on the display cases, even if you are doing buisness with that dealer, its no excuse to completly cover another dealers case that the rest of us might want to look at and if your a dealer you should no better then to do this after dealer time on dealer day is over with.

Catch22 · May 30, 2003 1:13PM

I wasn't at the show, but I did view the auction on the net for about an hour or so this afternoon. It looked like the Barbers were not particularly strong...the SLQ's considerably better, but there were several bargains to be had. The heavy bidding seemed to be limited to 66 and up with the FH's fairing well while not as strong as I had expected.

During my brief observations, I only saw 4 or 5 internet bidders win a lot....out of about 125 or so. Many lots closed with only 1 bid having been placed.

I had planned to compete for a few early date Halves and Dollars, but my numbers were left in the dust earlier during the week.

I'm real curious to find out how the show goes. What's hot and what's not.

Bear · May 30, 2003 2:44PM

Sorry Typo, the Norfolk was a MS-68,

but it looks MS-69, does that count?

Baley - Sorry cant do pictures. But you can trust the little bear,

I am the epitome of rectitude.

wallstreetman · May 30, 2003 8:21PM

Anyone want to do lunch Saturday?

Bear · May 31, 2003 12:35AM

ttt

MadMarty · May 31, 2003 12:40AM

Holy Crap Bear!!! Must be some good money in swiping picnic baskets!!!

Bear · May 31, 2003 1:17AM

I buy all of my coins from the profits,

of selling my circulated VF-XF State Quarters.

MadMarty · May 31, 2003 1:20AM

<< <i>I buy all of my coins from the profits,

of selling my circulated VF-XF State Quarters. >>

ROTFLMAO!!!!

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