With Anaconda out of the picture, who will fill the void?

RYK · June 26, 2008 12:37AM

Anaconda had a reputation for selling the most stunning, eye-popping coins on the market, albeit sometimes at wallet-popping prices. Nonetheless, more than most coin dealerships, they had personality, panache, chutzpah, and a real niche in the marketplace, especially in the market for aesthetically-pleasing, toned type coins. Who will fill this void? Will an established dealer step in or will it be a new entrant? Will the ex-employee go out on his own and compete for his old turf, or are there enough dealers out there to quietly absorb the additional business?

claychaser · June 26, 2008 12:39AM

It could be recreated by anyone with a large enough bankroll and the smarts to hire Brandon to run it

LickThoseStamps · June 26, 2008 12:41AM

If there was a real market for these coins, then they would not have gone out of business.

dizzyfoxx · June 26, 2008 12:44AM

<< If there was a real market for these coins, then they would not have gone out of business. >>

Oh, that's what it is.

19Lyds · June 26, 2008 12:48AM

Rattlesnake Rare Coins??

direwolf1972 · June 26, 2008 12:54AM

<< If there was a real market for these coins, then they would not have gone out of business. >>

I dont think they are going out of business due to lack of business. Mid-life crisis maybe

Lakesammman · June 26, 2008 1:16AM

What void?? Were they providing a service that was all that unique?

dbldie55 · June 26, 2008 1:17AM

What void? This is comical.

CalGold · June 26, 2008 1:19AM

Other dealers will pick up the Anaconda inventory and mark it back up sky high. When the customers gasp at the asking price, the dealers will say “That’s a heck of a lot less than Anaconda was selling it for.”

CG

LickThoseStamps · June 26, 2008 1:23AM

<< 

<< If there was a real market for these coins, then they would not have gone out of business. >>

I dont think they are going out of business due to lack of business. Mid-life crisis maybe

>>

If that were the case, then why not sell the entire business - lock, stock and barrel? Instead, it appears that their inventory is being auctioned off in a fire sale.

Being a one way market, I suspect that many of their former clients are buried in pretty coins, but just haven't realized it yet.

blu62vette · June 26, 2008 1:26AM

I dont see the void.

mgoodm3 · June 26, 2008 1:35AM

How can it ever possibly be filled??? We will all go to our graves with a deep inner longer longing for what once was.......

Zoins · June 26, 2008 1:39AM

Will it be filled by someone using the Anaconda name? Or a different one?

Either way, I hope someone steps up to fill the void!

clarkbar04 · June 26, 2008 1:42AM

As a morgan collector, all I need to do to view eye-popping coins at wallet emptying prices is go to duffydaddy's ebay store.

TwoSides2aCoin · June 26, 2008 1:45AM

I like Brandon

BAJJERFAN · June 26, 2008 1:48AM

I'd guess that the coins will be still be sold by the same folks that Anacconda would have gotten them from and the only thing is that the supply will be a little more diffused.

lcoopie · June 26, 2008 1:56AM

I do not see a void

If one exists, market forces will fill it, immediately

Manorcourtman · June 26, 2008 2:06AM

<< As a morgan collector, all I need to do to view eye-popping coins at wallet emptying prices is go to duffydaddy's ebay store. >>

I'll agree that guy has outragious prices like they did! I don't see any void. Search some of the better dealers website. Most have eye candy of their own.

Russ · June 26, 2008 2:11AM

<< Instead, it appears that their inventory is being auctioned off in a fire sale. >>

Russ, NCNE

Longacre · June 26, 2008 2:19AM

I love the Anaconda as much as the next person. The real question is who has the access to those coins. Is it Brandon, or the owner of the business?

BECOKA · June 26, 2008 2:19AM

The Santa Clara show is going to be pretty dull without them.

As far as filling the void, if everyone here sends me all of their PQ toners, I'll put them up on a website at record prices. That should fill the void.

RYK · June 26, 2008 3:18AM

<< 

<< Instead, it appears that their inventory is being auctioned off in a fire sale. >>

Russ, NCNE >>

It took me a while to figure out where you were going with that, but I get it now.

pennyannie · June 26, 2008 3:27AM

I always enjoyed looking at the Anacona inventory, even bought a coin from them. I do not believe that they sold a lot of coins, but what they sold were really nice if you like the tonning. People coming into the hobby next week will never know what they missed and they will survive.

dizzyfoxx · June 26, 2008 3:30AM

<< 

<< 

<< Instead, it appears that their inventory is being auctioned off in a fire sale. >>

Remember when we were teenagers, and we'd do anything in the pursuit of tail?

Russ, NCNE >>

It took me a while to figure out where you were going with that, but I get it now.

>>

I'm just trying to figure out what being a teenager only, has to do with chasing tail.

saintguru · June 26, 2008 3:35AM

rgCoinGuy · June 26, 2008 3:49AM

CU Moderator sure has been busy on this thread

Were you guys posting Costa Rican Women again!

tcmitssr · June 26, 2008 4:00AM

<< Anaconda had a reputation for selling the most stunning, eye-popping coins on the market, albeit sometimes at wallet-popping prices >>

I'll disagree with your basic premise. I think the biggest void in the market occurred when Larry Shepherd took over the ANA job. He was, IMHO, much more of a market maker than Anaconda. Don't get me wrong, Anaconda was good, but I think it was, at best, Shepherd/Simco lite.

stman · June 26, 2008 4:04AM

Bear · June 26, 2008 4:08AM

The void will be filled with plaster.

Russ · June 26, 2008 4:13AM

<< Edited: Thursday June 26, 2008 at 10:39 AM by Collectors Universe Moderator >>

Come on, it was a great line!

Russ, NCNE

RYK · June 26, 2008 4:14AM

<< 

<< Edited: Thursday June 26, 2008 at 10:39 AM by Collectors Universe Moderator >>

Come on, it was a great line!

Russ, NCNE >>

They missed one.

TomB · June 26, 2008 4:18AM

Hadn't a market already existed for the coins that Adrian would buy? As such, I doubt the change in his wonderfully imaged, rather short-term existance website would create more than a ripple anywhere other than his pockets and those who have a vested interest in those pockets.

stman · June 26, 2008 4:25AM

<< Hadn't a market already existed for the coins that Adrian would buy? As such, I doubt the change in his wonderfully imaged, rather short-term existance website would create more than a ripple anywhere other than his pockets and those who have a vested interest in those pockets. >>

Man, this guy TomB sure has a way with words.

messydesk · June 26, 2008 4:27AM

OK, so the coins are being sold into the market, which was the likely intent of the business, and Brandon will remain in the industry. Of what void do you speak? One could just as easily ask what would have happened had Anaconda turned over their entire inventory at a single show.

jhdfla · June 26, 2008 4:32AM

<< I love the Anaconda as much as the next person. The real question is who has the access to those coins. Is it Brandon, or the owner of the business? >>

Heritage has the coins but who will get the proceeds? Hell hath no fury like a woman scorned...

Edited to add, salesman, principals, promoters come and go. Nothing so unique about the coins they handled that aren't seen in other dealers inventories or individual collections. I wish Brandon well, hope he get his dough and lands a position elsewhere. The coins? Coins will always be there, just with different caretakers...

John

RYK · June 26, 2008 4:36AM

<< 

<< I love the Anaconda as much as the next person. The real question is who has the access to those coins. Is it Brandon, or the owner of the business? >>

Heritage has the coins but who will get the proceeds? Hell hath no fury like a woman scorned... >>

I believe that Longacre was asking who has access to replenishing the inventory, once the new owner (presumably the Longacre-RYK Consortium) takes over the business. Will the contacts that Anaconda has made be sold along with the business or do they revert back to Brandon? Same question for client list.

jhdfla · June 26, 2008 4:42AM

I believe that Longacre was asking who has access to replenishing the inventory, once the new owner (presumably the Longacre-RYK Consortium) takes over the business. Will the contacts that Anaconda has made be sold along with the business or do they revert back to Brandon? Same question for client list. >>

Dunno, but I suspect it will be sold along with the business. I doubt it will revert to Brandon, or be sold in parts (ie. client list contacts etc) as this to me would not be viable. I am assuming one of the parts of the biz you refer to are coins already placed with clients.

John

rpw · June 26, 2008 4:45AM

who will fill the void?

Perhaps Porscheahmet can be convinced to expand to coins.

dorkkarl · June 26, 2008 4:49AM

<< With Anaconda out of the picture, who will fill the void? >>

dunno, maybe rubber reptile rare coins?

K S

BAJJERFAN · June 26, 2008 4:57AM

I wonder why Brandon didn't just buy the biz and keep it running?

pennyannie · June 26, 2008 5:23AM

lack of money? or firm made no real money? Write off for lawyer?

Barry · June 26, 2008 6:35AM

<< I wonder why Brandon didn't just buy the biz and keep it running? >>

Perhaps the biz was priced like the coins.

P.S. Just broke promise to myself not the join any more Anaconda threads.

RYK · June 26, 2008 6:40AM

<< 

<< I wonder why Brandon didn't just buy the biz and keep it running? >>

Perhaps the biz was priced like the coins.

P.S. Just broke promise to myself not the join any more Anaconda threads. >>

You couldn't stay away!

Myqqy · June 26, 2008 6:48AM

Being a one way market, I suspect that many of their former clients are buried in pretty coins, but just haven't realized it yet.

Boy, just wait till they find out!

dizzyfoxx · June 26, 2008 6:58AM

<With Anaconda out of the picture, who will fill the void?>

That "void" will be difficult to fill completely. Although there are plenty of other dealers out there that rank up there with ARC. And I'm learning about them more and more all the time. Bottom line, this hobby has an enormously strong foundation network and although it's to bad that quality dealers exit the hobby, there are many others out there which greatly softens the blow.

Barry · June 26, 2008 7:03AM

<< You couldn't stay away!

>>

You egged me on. First the parking ticket, now this. WHen I was a kid, my father referred to people like you as an instigator!

bidask · June 26, 2008 7:16AM

One day a few years out I will fill the void.

TONEDDOLLARS · June 26, 2008 7:24AM

Every coin I ever bought from Annaconda, that I have had to part with, has brought me back more money
than I paid for it. So I would say I was never buried in their coins. I still own several and I'm sure the same will be true for those
as well. So unless you can speak from first hand knowledge about being buried , your just talkin to talk. Those are just the facts
as I know them to be.

roadrunner · June 26, 2008 7:27AM

Didn't know there was a void, especially with 10,000 or so coin dealers out there to choose from.

roadrunner

DorkGirl · June 26, 2008 7:39AM

I'm with the "what void?" crowd.

Amigo · June 26, 2008 7:40AM

How bout a little logic here guys !!!! Didn't they decide to close shop relatively soon after NGC/PCGS made it clear they were going to start clamping down on all the AT submissions and plunge the offending Dealers down the toilet ????

Yeah, maybe half in jest, but that would also imply half in seriousness. Ahh, I'm just being goofy.

With Anaconda out of the picture, who will fill the void?

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