An in depth Long Beach show report on toned treasures...

dizzyfoxx · June 3, 2006 5:26AM

...I'd like to hear some, for I wasn't able to make it to the show.

braddick · June 3, 2006 6:53AM

Many museum coins but each had a Not for Sale attitude about them.

Outside of that? Very little raw and the slabbed golden-boy coins were priced at full retail.

GOLDSAINT · June 3, 2006 7:22AM

...I'd like to hear some,

Yes Sir,

Do we still have a white-hot market?

In a recent email I received last week, one of the top world specialists in Bust Half dollars reported that after considerable research, this section of the market has, “ been very strong, prices started rising noticeably a couple of years ago. High quality pieces are now selling at 50% to 100% higher”.

RedTiger · June 3, 2006 9:55AM

I didn't see much worth buying, in terms of generic gold, or bust halves. I talked to another person after buying my commems (pics in my Guess the grade thread). This other guy was looking for commems in MS65 and bought a couple, but thought that prices were on the high side.

One dealer who always has boxes of slabbed Morgan and Peace dollars didn't have any. His partner took them elsewhere. One dealer with multiple tables, who sells mostly raw coins at retail prices, usually has a huge selection. This time, this dealer only had a handful of coins out. Looks like they were using the show to buy. One dealer that stocks nice collector coins both raw and certified had sticker prices above retail. That dealer was still busy, but not as busy as sometimes.

Boothill40 · June 3, 2006 10:23AM

I'll have to go on opening day next time, this was the first coin show I've been to in a long time and I was very disappointed with what was on hand and available for sale.
I agree with braddick as what I was interested in I found the dealers to have that same "Not for sale attitude"---Tom

clw54 · June 3, 2006 10:28AM

It seems like there are more toned Morgans than there were several years ago. If enough of them get toned, maybe the prices will come down.

TahoeDale · June 3, 2006 10:29AM

Just got home from LB, Pre-show auctions and Show. Since I drove, for the first time, need a drink and a shower, and will then report.

Colorfulcoins · June 3, 2006 1:21PM

Was there Thrursday and found very little for sale that interested me.......so very different than just 3-4 years ago!

However, the one highlight was the NGC grading where I submitted 21 coins and 17 of them achieved the desired result! That was outstanding!

TahoeDale · June 3, 2006 3:07PM

I'll start with the Superior auction---

Gold went crazy==surprised?

My Barber half proofs did just fair. Only 12 sold in the auction, but 8 at the show. So it was okay.

Viewed the 2 best IKE collections at PCGS. Fab!

Attended one session of the Heritage auction, and got 2 CGH's. 1830 med O in 64, and 1834 lg date sm ltrs in 65. Both reasonable.

Saw no new bust halves on the floor, EXCEPT the Naples III collection, which was for sale at Premium Numismatics. This is a great set of 1793 to 1800 coins,( copper and silver) put together by Legends, and bought by Don Willis.

By the time I got there, over half had been sold. But I was able to grab 2 coins. 1797 dollar in AU 55, and 1797 half in AU 50. I now have the 1796 15 and 16 stars, and the 1797 for my set..

There are some great coins in this now to be separated collection. 1794 half in AU 58, 1794 dollar in XF 40, 1798 13 stars small eagle dollar in AU 58, 1796 quarter in AU 58( great toning), and some really rare copper--chain cent, wreath cent, early half dimes, and more.

It was the highlight of the show for me.

roadrunner · June 3, 2006 9:51PM

Surprised that gold went Crazy at Superior? Frankly yes. Considering the bath that gold went through over the past few weeks, I would have suspected a weaker overall auction market.

roadrunner

Coxe · June 3, 2006 10:25PM

I was there on Friday but was on the bourse maybe two hours total. What a difference a year makes. I saw very little in the way of rare and desirable Morgan prooflikes. Apparently the collectors sucked them all up. Dealers can't even get good ones. Don Rinkor had some nice DMPLs but not a lot and generally blah dates/grades. Julian had a nice ANACS 97-O. Legend had some typical 83-CCs and others I just couldn't fall in love with though their inventory can change all the time. The few in the Heritage sale were largely dismissable. With respect to some of the dealers, I kept wondering how they could justify the table fee and travel expenses when I looked what was at their tables. Appeared there were buyers all over the place, collectors and dealers, but a lack of quality material. There are exceptions in some series I am sure.

I cherrypicked a few thousand bucks in VAMs pretty quickly and checked out. The show just gave me the impression that there is still a captively interested and eager market but a serious lack of quality material. It just is not flowing like it was a year or two ago. Also look at Heritage's internet sales. ANACS and NCS holdered coins are far more represented than before, problem coins especially.

GOLDSAINT · June 3, 2006 10:56PM

Here are a couple of questions for those that went to the show.

Did there seem to be any foreign buyers present, in any show of force?

Was there any talk among dealers about foreign buyers and coins going out of the country?

Are there any cool areas still left in the market?

Have there been any price moves in the more bullion related coins due to the moves in sliver?

braddick · June 4, 2006 1:15AM

<< <i>Here are a couple of questions for those that went to the show. Did there seem to be any foreign buyers present, in any show of force? Was there any talk among dealers about foreign buyers and coins going out of the country? Are there any cool areas still left in the market? Have there been any price moves in the more bullion related coins due to the moves in sliver? >>

Based on their accent and inability to formulate complete sentences, I'd say yes, there appeared to be a few people from Texas.

GOLDSAINT · June 4, 2006 2:13AM

Did there seem to be any foreign buyers present, in any show of force?

O.K. Braddick,

I agree this was a little awkward,

I cleaned it up the best I could!

Originally it read like this,

Did you’all see any foreign devils at this there show buying up lots of them there good coins?

EagleEye · June 4, 2006 6:37AM

Toned Indian Proofs and Matte Proof Lincolns were HOT! Sold this one for $2,400:

Probably too cheap!

An in depth Long Beach show report on toned treasures...

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