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CRO Road Report is up
claychaser
Posts: 4,406 ✭✭✭✭
CRO did a Road Report from St. Louis. Interesting read about the market. Maybe a computer guy could set up a linky to it 
Beat RYK and Longacre to the punch!
Beat RYK and Longacre to the punch!
==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades
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<< <i>CRO did a Road Report from St. Louis. Interesting read about the market. Maybe a computer guy could set up a linky to it
Beat RYK and Longacre to the punch!
Damn! I was not expecting one.
Link to RR
Absence of link.
The post is ruled to be incomplete.
No credit for beating RYK can be taken or assigned.
Do it right or don't bother.
Check out the Southern Gold Society
*OK, we were at a state park, pitched our tents within 100 yards of the bathroom facilities (for my girls), and brought enough food from home to feed a small army, just in case we were not able to make it back to the supermarket which was about 2 miles away.
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)
<< <i>*OK, we were at a state park, pitched our tents within 100 yards of the bathroom facilities (for my girls), and brought enough food from home to feed a small army, just in case we were not able to make it back to the supermarket which was about 2 miles away.
And he made his girls carry his overstuffed chair to the campsite, conveniently located at the tailgate of the Longacre familymobile.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
The auction really gave the commentary on the market. Scotsman auctions aren’t usually terribly strong, but this one was like a feeding frenzy. Almost every lot went for prices that varied from strong to downright crazy. With a few exceptions the buyers were almost all dealers. At the Long Beach auction I sensed that the dealers were holding back, worried about the economy. There was none of that here. Anyone who was worried that the economy was causing the coin market to falter should have seen the bidding. The collectors have been telling me for weeks now that the economy will cause them to put more money, not less, in coins. It seems they’ve now told the other dealers that also. There was no sign any concern about the strength of the market.
<< <i>Good reading, as usual. Just got this from Osburn - his perspective on the show.
The auction really gave the commentary on the market. Scotsman auctions aren’t usually terribly strong, but this one was like a feeding frenzy. Almost every lot went for prices that varied from strong to downright crazy. With a few exceptions the buyers were almost all dealers. At the Long Beach auction I sensed that the dealers were holding back, worried about the economy. There was none of that here. Anyone who was worried that the economy was causing the coin market to falter should have seen the bidding. The collectors have been telling me for weeks now that the economy will cause them to put more money, not less, in coins. It seems they’ve now told the other dealers that also. There was no sign any concern about the strength of the market. >>
I'm glad you posted Mr. Osborn's comments, Lakesamman. I wrote that Road Report before I saw the results of the Scotsman auction. We bid on about 6-8 of the Eliasberg gold coins (someone executed the bids for us -- we were not present for the sale) and maybe 20-30 lots in the "non-Eliasberg" portion of that auction.
Some of the Eliasberg coins we bid on were inexpensive (a few hundred dollars each). We also bid on some of the expensive ones. I felt our bids were pretty strong.
Last night I checked the Scotsman website. Our bids on the whole auction were crushed! We weren't even the under-bidders in most cases. It looks like we bought only 1 coin in the entire sale.
The mood of that show was somewhat gloomy, especially among many of the dealers who set up there. Based on that gloomy outlook, our strategy was to "skim the cream" of that auction. I thought we would buy nearly every coin that we bid on. Man -- I was genuinely shocked. It seems to me that people are saying one thing, and doing another.
Coin Rarities Online
Guilty as charged.
<< <i>It seems to me that people are saying one thing, and doing another.
Guilty as charged.
So YOU'RE the guy telling everyone we can now buy great coins at fire sale prices. I'm looking forward to your upcoming listings on the BST!
But who knows - we are off to Stack's this week and maybe we'll have a totally different impression after that.
Coin Rarities Online
Guilty as charged.
Are you referring to last year's announcement that you're taking a break from collecting?
<< <i>It seems to me that people are saying one thing, and doing another.
Guilty as charged.
Are you referring to last year's announcement that you're taking a break from collecting?
I did. I sold about half the value of my collection and went cold turkey for about a month.
<< <i>I found James' comments and notes useful in helping me evaluate the coins as I looked at them, as opposed to typical catalog descriptions crammed full of hype (e.g. "Cascades of salmon and peach toning with only a blush of thick haze over the field. With a population of 205 in this grade and only 172 better, you can see that less than 10 people per state could ever hope to own one slabbed in this grade or higher!!!!!!!!!!!!"). >>