WESPNEX this weekend?

rld14 · January 23, 2009 10:03AM

I haven't been to this particular show before.. is anyone planning on going?

GoldenEyeNumismatics · January 23, 2009 10:05AM

It's a decent show. I'll be there tomorrow.

seanq · January 23, 2009 2:47PM

Definitely recommended, they put on a nice show there. I didn't realize it was this weekend until too late, so I'll be missing it again.

Sean Reynolds

ScarsdaleCoin · January 23, 2009 9:11PM

Brief show report..... Wespnex is still the "big" local show in the Westchester area.... It was nice to see a big booth set up this time around of the US Postal Service....
Mark the promoter runs a nice show and this show has been taking place 4 x per year for years and years.....

There are 2 spaces available at the county center... like an elevator sometimes we are up and sometimes the show is held downstairs.... the downstairs is where we are this time around which is a little more cozy....

I guess with the fact that FUN was just past and Long Beach is soon some of the bigger players just did not stop in this time around... or perhaps because of the economy....

for us its good to be back on the road..... if you had not heard several weeks ago on the day I was to leave for fun I suffered a bad slip on a patch of ice and spent the week laid up.... for me to miss a show it has to be pretty bad....and it was....but Im feeling much better and its back to work... so for me Im having a good time at WESPNEX

Usually Fri is more dealer to dealer day, but either I was looking to make a good deal or I just had a good Karma so sales for me were pretty good... I would hope today would be even better.....

Some dealers had a nice start.... one sold about 15k worth of gold right off the bat... gold taking a nice spike certainly helped put people into a buying frenzy...reminded me of that scene from the Jaws movie where the sharks are circling...LOL

I would say people are buying but buying with either caution or less expensive items..... well we can post a little more tonight perhaps...hope to see you there...

For the Young Adults there is a nice YN program... Larry Gentile is still in the hospital but 2 of his former YN's Will and Chris will be taking over the program and they do a great job!

Longacre · January 23, 2009 11:25PM

I didn't even know this show was today. I could not make it because of a previous committment, and The Man is requiring me to work again this weekend.

I better get paid overtime.

Sparkle · January 24, 2009 1:11AM

Just wanted to mention that today, Saturday the 24th, is the YN program at WESPNEX. It runs from noon-3pm or so, and is a good option for kids of all ages up to about 18. You and your young ones (or just your young ones if they're independent enough) can stay for the whole thing or just pop in for a few minutes. Lots of giveaways and numismatic tips. Give it a try if you're heading over to the show.

ScarsdaleCoin · January 24, 2009 10:10AM

Sat.... another brief report....... what started off as a very light opening crowd at 10am turned into a very steady and busy crowd around noon....several bored I mean board members stopped bye to say hello...... we did an active business and actually bought several nicer coins.... an early $5 gold piece, a nice assey $20, and a 1801 $10 gold .... of course we also managed to buy a bunch of stuff, from morgans to gold..all in all a busy day for us.....sold more odds and ends then I have ever sold at a show, so I guess thats a good thing...but I do see that people are scaling back off major purchasing and buying things to amuse them at lower levels.....it was an interesting day at the show with a few minor incidents between dealers that I would say or as warner wolf would say....lets go to the video tape....LOL....... Chris and Will did a great job with the YN program and I believe that had about 25 at the program.... most dealers are pulling out tonight and heading to other shows...like Melville, but I would say at least 50% will be there so if your up early come spend an hour or two at the show on SUN... best bet... arrive early between 10am and noon so you wil not be disappointed! see ya soon, somewhere on that wonderful coin circuit out there!

Bear · January 24, 2009 10:19AM

Jon, thanks for the show updates. Every observation

is of value to the rest of us who could not make the show.

ScarsdaleCoin · January 25, 2009 7:00AM

Final day...and since a few people are enjoying my report....I will tell you that I was quite surprized by the Sun turnout.... normally the show opens at 10am very quietly....guess most people sleep late and usually we have a small crowd around 11-noon.... today the crowd continued and I and most of the other dealers were still doing some business around 3pm... I would believe that a reptile show upstairs with a great turnout sent some extra lookers down our way.... usually most of the lookers are not really buying much, but even a few small sales are nice....especially for the smaller vest pocket dealers....where a few extra hundred in sales can really help them make it worthwhile..... however seeing people carrying boxes labeled "live bugs" does kind of give me the hebegebees LOL

still selling quite a number of 2009 silver eagles...probably the biggest seller of the show...gee what a surprize

interesting to see that quite a number of people are active both buying selling bullion gold... I would say that was the 2nd biggest seller

3 up on the list would be cheap items..... everything from circ morgans to loose little coins you know things like the 3 for a buck foreign, $1 indian head common dates, wheatie rolls... stuff like that....

still we sold a number of slabbed coins, which most dealers seemed to be saying have really slowed down to a trickle..... I think Long Beach will be quite interesting to see how the market is heading but of course dealers are certainly pulling back from just buying the more expensive coins that they are offered unless they are either heavily discounted or they have a customer that they know they can flip them to... one fellow showed several high valued morgans and was unable to get any offers from any of the dealers....sounds too me like a reality check is needed by the seller ....prices that the coins were worth...just are not out there in todays marketplace..... either take your lumps and move on or put that back in the vault for a few years....

till next show! Happy Trails

oreville · January 25, 2009 9:06AM

Jon:

Very on target observations.

I was at the show yesterday and noticed large buying of inexpensive coins. It seems that many collectors have stepped up their purchases of $1 to $50 coins including silver american eagles and in a pretty big way. It was quite noticeable. In fact, the recent economic downturn may in fact, lead to a new boom in such part of the hobby.

golfer72 · January 25, 2009 9:35AM

Sounds like good news. Dealers never stay for the 3rd day of shows. Thanks to John of Scarsdale for staying for the whole show. Maybe we can start a positive trend here.

WESPNEX this weekend?

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