Coin Show Report - White Plains, NY
DaveG
Posts: 3,535 ✭
I just got back from the "White Plains" show. This year, the show was held in Rye Brook, NY (about 5 miles down the road), because the show got kicked out of its usual venue in favor of a Bar Mitzvah. The show is expected to be back in the Westchester County Center for its January 20-22 and March 24-26 shows. This show usually has about 150 dealers or so, of which about a third are stamp dealers. This year, because the show was in a smaller room, it had about 100 dealers, of which about 10-15 were stamp dealers and the aisles were very, very narrow.
Forewarned by Roadrunner's post from yesterday, I knew the hotel would be hard to find, and it was - all tucked into the trees! At least there was lots of free parking.
Most of the usual dealers were there, with the notable exception of Tom Stepanski of Dart Coins. I chatted briefly with Jon Lerner and he and a couple of other dealers said that the show had been pretty good for them.
Much to my pleasure, there were a couple of dealers there who I hadn't seen before, so I looked over their inventory carefully. The rest of the dealers had their usual inventory: common and generic gold was in good supply, as were slabbed MS Morgans, Peace dollars and classic Commems. I did see a couple of slabbed Bust dollars (Coins of Merrit had an 1800 in a PCGS-30 slab - I didn't bother asking the price - and New World Rarities had a 1799 in a similar grade [don't remember whether it was NGC or ANACS]). New World Rarities also had an 1825/4 Bust quarter (!) in a XF-45 slab (ANACS, I think) - I rarely see slabbed Bust quarters. On the whole, I thought that NWR had a smaller inventory than normal, even though they had as large a table as they usually do.
I had an interesting chat with one dealer about GSA-slabbed CC Morgans (I was discussing the potential sale of an '85-CC). He indicated that the market for the GSA-slabbed coins seems to have pretty much dried up, that Carson City King isn't advertising in the Grey Sheet to buy them anymore and that the dealer I was talking to has stopped bringing them to shows because they don't sell. Has anyone else heard this? I was very surprised to hear this, as I thought these coins were very liquid. (Come to think of it, I didn't see that many today.)
Somewhat to my surprise, I bought four coins today: a raw XF 1929-D Merc for my Dansco set, a raw XF 1841-O Seated Dime (just because I don't see early Seated O-mint coins that often) and two Bust halves, a raw XF 1811 (O-112) and an ANACS-45 1813 (O-110). As you Bust Half Nuts know, the 1811 is a better Overton variety. I actually paid a smallish premium for the coin - I fear I may now be doomed to buy a copy of the new edition of Overton (Save Me!)
All-in-all, a good show. Now, on to Parsippany a week from tomorrow and Baltimore after that!
Forewarned by Roadrunner's post from yesterday, I knew the hotel would be hard to find, and it was - all tucked into the trees! At least there was lots of free parking.
Most of the usual dealers were there, with the notable exception of Tom Stepanski of Dart Coins. I chatted briefly with Jon Lerner and he and a couple of other dealers said that the show had been pretty good for them.
Much to my pleasure, there were a couple of dealers there who I hadn't seen before, so I looked over their inventory carefully. The rest of the dealers had their usual inventory: common and generic gold was in good supply, as were slabbed MS Morgans, Peace dollars and classic Commems. I did see a couple of slabbed Bust dollars (Coins of Merrit had an 1800 in a PCGS-30 slab - I didn't bother asking the price - and New World Rarities had a 1799 in a similar grade [don't remember whether it was NGC or ANACS]). New World Rarities also had an 1825/4 Bust quarter (!) in a XF-45 slab (ANACS, I think) - I rarely see slabbed Bust quarters. On the whole, I thought that NWR had a smaller inventory than normal, even though they had as large a table as they usually do.
I had an interesting chat with one dealer about GSA-slabbed CC Morgans (I was discussing the potential sale of an '85-CC). He indicated that the market for the GSA-slabbed coins seems to have pretty much dried up, that Carson City King isn't advertising in the Grey Sheet to buy them anymore and that the dealer I was talking to has stopped bringing them to shows because they don't sell. Has anyone else heard this? I was very surprised to hear this, as I thought these coins were very liquid. (Come to think of it, I didn't see that many today.)
Somewhat to my surprise, I bought four coins today: a raw XF 1929-D Merc for my Dansco set, a raw XF 1841-O Seated Dime (just because I don't see early Seated O-mint coins that often) and two Bust halves, a raw XF 1811 (O-112) and an ANACS-45 1813 (O-110). As you Bust Half Nuts know, the 1811 is a better Overton variety. I actually paid a smallish premium for the coin - I fear I may now be doomed to buy a copy of the new edition of Overton (Save Me!)
All-in-all, a good show. Now, on to Parsippany a week from tomorrow and Baltimore after that!
Check out the Southern Gold Society
0
Comments
Looking for alot of crap.
thanks
jim
I have herd from a few fellow dealer/collectors that GSA's have really slowed as well.
thanks for the report. I'm tired of this horrid So Cal weather - maybe I need a trip back East.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
A dealer friend of mine is still actively buying the GSA CC's. Supposedly still liquid enough for him. Cannot comment on the regular slabs however.
roadrunner
Thanks.
<< <i>I just got back from the "White Plains" show. ...
I had an interesting chat with one dealer about GSA-slabbed CC Morgans (I was discussing the potential sale of an '85-CC). He indicated that the market for the GSA-slabbed coins seems to have pretty much dried up, that Carson City King isn't advertising in the Grey Sheet to buy them anymore and that the dealer I was talking to has stopped bringing them to shows because they don't sell. Has anyone else heard this? I was very surprised to hear this, as I thought these coins were very liquid. (Come to think of it, I didn't see that many today.)
...
All-in-all, a good show. Now, on to Parsippany a week from tomorrow and Baltimore after that! >>
Hard to tell if the dealer is a straight-shooter or just trying to jaw you down on the coin you were selling. Could be the case, that he would tell the next customer looking to buy a GSA that they are red hot and priced accordingly.
Decent GSA coins still attract a lot of interest on Ebay and it is rare for a true bargain. Can't say how they do at shows, but they are price sensitive. If one particular dealer is having trouble selling them, my guess is that he is pricing them too high. There is not that much quality difference in those remaining in the original holders. Most of the premium ones have been cracked out. There are a ton of nice examples, so intelligent collectors can pick up nice coins at average prices, no need to pay extra.
He had it marked $14 (which is $1 less than Trends). I paid $12 (which is Grey Sheet Ask).
I don't think the rise in silver prices has affected these coins yet. I have a lot of trouble finding nice mint-marked Mercs from the '20s and frequently, the prices dealers want for them are pretty strong.
Check out the Southern Gold Society
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Wild Ebay Toners for sale
The big O
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)