I believe, that for better or worse, the ANA Show in L.A.

Bear · June 13, 2009 9:24AM

Will decide the future direction of the coin market.

291fifth · June 13, 2009 9:31AM

Maybe not. It is a state with a high sales tax on coin purchases under $1500. Joe the average collector may not bother to attend or spend. The high rollers should do alright.

blu62vette · June 13, 2009 9:32AM

can one show make that big of a difference?

Bear · June 13, 2009 9:32AM

YES!

As for the sales tax, it is only a matter of time until

financially strapped states will tax into coins as well

as the very air we breath to raise revenue. A VAT can not

be very far behind for the Federal Government.

ArizonaJack · June 13, 2009 9:36AM

I brought 3 others with me to the last Long Beach show. All 4 of us agreed that LA is a s$%&()ithole and a dirty scummy city.

I cannot get excited about the ANA show, but will at least attend 1 day.

As a LA resident some 15 years ago, I am shocked at the demise and decline, almost to the extent of Detroit. Yes, I thought before I typed that.

thisnamztaken · June 13, 2009 9:40AM

<< I believe, that for better or worse, the ANA Show in L.A....Will decide the future direction of the coin market. >>

It will definitely reflect the current state of it.

FredWeinberg · June 13, 2009 9:59AM

I believe you will get different reports of Downtown LA during the show.

Downtown LA is vastly improved over the past 3-5 years.

The LA Convention Center is next to Staples Center, the Nokia
Center, and other attractions are within walking or a short tax distance;
but yes, to go outside the core downtown area, you'll need a car or taxi.

I've been in this area twice in the past month, once with
Barry Stuppler, (ANA President), looking for banquet rooms
and Board Dinner restaurants for various numismatic organizations.
We walked around the area mentioned above for almost 5 hours;
there are lots of upper end restaurants, as well as mid-levels too.
There are 3-4 main hotels within walking distance of the Convention
Center.

The streets are much safer than 10-20 years ago, and filled with
professional workers/secretries, etc. that seem to be very comfortable
walking around 'downtown LA.

Downtown LA isn't Zurich or Paris, but it isn't Detroit, or many
of the other downtowns I've been to over the past 38 years,
(or even the past 3-5 years either).

Yes, you can find things to complain about, and I'm sure many of you will.
We'll miss you.......

However, it's just my opinion that although there are better downtowns,
there are many, many CERTAINLY WORSE downtown areas than where the
ANA will be held in one and a half months.

Due to LA Trafffic, especially during morning rush hours, I am staying
Downtown for the Full week - Monday thru Sunday.

The ANA is planning some heavy advertising and promotional events to
get the public's attention, and to obviously get them to attend the show.

I can't make any predictions as to the attendence or the coin market at that time,
but it'll be a Summer ANA Convention - who's ever regretted going to one?

Just my opinion, as a native-born Angelino.

MORGANHUNTER2 · June 13, 2009 10:12AM

Ya know AJ- maybe you were in East L.A., not downtown. I have lived in the L.A. area twice in the last 25 years and have managed to really like it both times no matter what my wife thinks. But to say its a chit hole - compared to Mesa? no comparison- the entire population of Aridzona can live just in L.A. county alone and still have room to grow. i guess being the 2nd largest city in the U.S. is tough on folks in Mesa, but in my opinion- it is what it is. the area around the convention center has gone high tech and with all that they are building in this area, there are tons of fine eating establishments to have a good time at.

L.A. is no Detroit by any comparison, and I have been in both towns more than once, and I have been to Mesa, but I hate Aridzona anyway so it really does not matter now does it.

Those that do go- enjoy yourself and have a good time.

Hey Fred- take the train it can get you to the downtown area in 20 minutes from the Valley..

coinkat · June 13, 2009 10:23AM

nevermind

roadrunner · June 13, 2009 10:27AM

Still too soon for one show, even the ANA, to show any real market direction. Each successive show starting with FUN wast to determine "market direction." We can't keep using that crutch. Once into late 2009 or spring 2010 maybe the market's direction will be more clear.

I can't make any predictions as to the attendence or the coin market at that time, but it'll be a Summer ANA Convention - who's ever regretted going to one?

I went to the 1989 Pittsburgh ANA and regretted going to it. Maybe it was that the market peaked 2 months earlier and things started to tone down.

roadrunner

bidask · June 13, 2009 10:40AM

We already know the direction of coin market........don't we?

Or, are we waiting for a show like the ANA to hopefully signal a change?

Bayard1908 · June 13, 2009 10:41AM

Haven't you started about half a dozen similar threads this year?

illini420 · June 13, 2009 10:43AM

<< Haven't you started about half a dozen similar threads this year? >>

I was thinking the same thing... a few weeks before every major show it seems

Bear · June 13, 2009 10:52AM

*&&*^%.....@#$#@&^......*&&&%@#$

Bayard1908 · June 13, 2009 10:53AM

<< *&&*^%.....@#$#@&^......*&&&%@#$ >>

No offense intended, just an observation.

PerryHall · June 13, 2009 11:01AM

<< *&&*^%.....@#$#@&^......*&&&%@#$ >>

Barndog · June 13, 2009 11:06AM

there is no perfect location for a coin show and no perfect "market condition" either. Nonetheless, I will enjoy PNG Day, the JRCS meeting, and the ANA Show immensely.

pennyannie · June 13, 2009 11:07AM

I believe coins are tanking but the dealers have not adjusted the prices on their coins. They just dust them off once a month now.

I finally found a dealer (B&M) that needed cash. I bought BU silver mercs, washies, roosies and a few unc walkers for 9.25 times face and rolls of common unc morgans/peace for 300 a roll. There was a XF1896 S in one of the rolls!!!! 17 different BU dates on the silver washies. Best i have ever done buying silver and 95 percent unc to boot.

dizzyfoxx · June 13, 2009 11:08AM

<< can one show make that big of a difference? >>

No. That would be like saying the attendance at one baseball game determines how popular the team is. Some teams aren't terribly popular in their own home town but are immensely popular elsewhere. I think it would take the assessment of numerous coin shows in all parts of the country to truly determine the state of the hobby.

Bear · June 13, 2009 11:24AM

Let me detail what I mean by direction of the market place.

1. Will the purchasing of large amounts of commemoratives
by a National coin dealer lead to a successfulpromotion of the
Commem series. Such a move could give a boost to this
interesting, but for too long, moribund series?

2. Will dealers finally drop retail prices to match the soft wholesale
condition of the market?

3.Which type series ,will be first to begin a rebound?

4. Will tight cash flow, static inventory and limited lines of credit cause
a freeze up of transactions except for a few well funded major dealers?

5.Will tough economic times cause a total lock up of old time collections from
the auction cycle or will hardship force such collections out into the light of day?

6. Where is the action occurring....low value coins....mid value coins.....hi value coins
or super rarities?

7. Does the rush to bullion PMs have legs?

These are some of the questions that need to be answered. A single major show can indeed
offer answers. Direction of the market refers to many divergent and complex sub eddies within
the major current and flow of the market.

I will now entertain your mass appologies!

WTCG · June 13, 2009 11:32AM

What Fred Weinberg and Morganhunter2 stated sums up my sentiments regarding downtown Los Angeles. Though far from perfect the area has its charms and has improved drastically in the last few years. Singapore it isn't, but in terms of general safety L.A. Is miles ahead of Detroit.

I don't know how often the people who compared L.A. to Detroit have actually been to Detroit, but I was in Detroit not that long ago and I'd rather take my chances in downtown L.A. on any given day. Also remember that demand creates population growth and Southern California has been growing consistently for the last several generations while Deteout has experienced negative migration for at least four or so decades.

The OP is beginning to remind me of the "Debbie Downer" character from Saturday Night Live. It is also apparent that the OP will not be satisfied until his self-fufilling prophecies of impending numismatic doom are fufilled and only when everybody else joins him on the bandwagon of misery. He has the right to form his own opinions but the rest of us shouldn't have to be subjected to his broken record-like repetive posts that are depressing and toxic in nature.

dbldie55 · June 13, 2009 11:33AM

All I know is I will be attending. I even get to spend a majority of the show behind a table.

Looking forward to meeting up with forum members. All I need now is to figure out transportation from the Convention center to Dodger Stadium on a nightly basis.

I really doubt the show will alter my opinion of the coin market one way or another.

Elcontador · June 13, 2009 11:33AM

I am hoping that as Bear mentioned, dealers will realize that if they want to sell coins (other than those pursued by deep-pockets registry set folks), they will have to adjust their prices. I have not paid much attention to coins for the better part of the last two years because I have not seen most dealers realizing this.

I am also hoping that some dealers will need cash, so they will seriously want to move some merchandise.

I will bring some money to spend, but I'm not paying top dollar for anything, unless the coin is truly a monster. TDN knows what I am talking about.

truthteller · June 13, 2009 11:39AM

The Los Angeles/LB metro area has approximately 10 million people with the county having over 14 million. Add nearby Orange County and you have 20 million, all within 2 hours drive time. Among these folks are some of the greatest coin collectors, collections and range of numismatics available. The show will be very busy in this market. So, if you are frightened of some dirty sidewalks, please stay home and let the real collectors buy up the neato coins.

TRUTH

Barndog · June 13, 2009 12:00PM

how is the Stilwell Hotel? It appears to be near the Convention Center and reasonably priced

Shortgapbob · June 13, 2009 12:15PM

<< I believe coins are tanking but the dealers have not adjusted the prices on their coins. They just dust them off once a month now.

I finally found a dealer (B&M) that needed cash. I bought BU silver mercs, washies, roosies and a few unc walkers for 9.25 times face and rolls of common unc morgans/peace for 300 a roll. There was a XF1896 S in one of the rolls!!!! 17 different BU dates on the silver washies. Best i have ever done buying silver and 95 percent unc to boot. >>

Even if that is an indication of the coin market, that is just a dealer who is not very tuned into the marketplace. There are any number of dealers who will pay more money than that, including myself, for unc Walkers and Mercury Dimes, as well as Unc Dollar rolls. Sounds like this dealer isn't very savy.

librtyhead · June 13, 2009 12:29PM

I can only anticipate alot of haggling on the East coast next weekend. It is certainly a buyers market.

Sunnywood · June 13, 2009 12:33PM

Who the **** wants to go to L.A. in August ???? A more temperate venue would have been nice ...

As for the direction of the coin market, it has already been decided. One show will not "decide the future direction" ... it is much more a function of economic conditions, consumer sentiment, precious metals markets, disposable income, financial markets, housing and unemployment.

Bear · June 13, 2009 12:41PM

Sunnywood, the next ANA convention after LA

will be in Death Valley in August just for you. Tents

will be available as will porta potties.

ArizonaJack · June 13, 2009 12:44PM

Holy Cow
I need to do some 'splaining Lucy

We did the tourist thing after Long Beach . Hollywood, Santa Monica, etc etc. Huntington.

As an X Angelean, I found the LA proper very sad and in disprepair, I have never seen a dumpster of garbage per mile on an inner city highway before. LB was gorgeous as usual, Santa Monica never changes. My favorite restauraunt on Beechwood Dr in Hollywood is still awesome.

My comparison was from BEFORE and NOW, and NOT to Detroit. Gawd, nothing can even compare to Detroit. I imagine parts of Beruit and Tehran look better and compare favorably to Detroit.

librtyhead · June 13, 2009 12:49PM

A Boston show would be nice!

Barndog · June 13, 2009 12:51PM

<< A Boston show would be nice!

>>

2010

claychaser · June 13, 2009 12:51PM

With venues such as Long Beach (close in airport), Anaheim (John Wayne, close in airport) and Universal City Walk with lots of brand name hotel space at all price points, cheaper parking, restaurants and attractions close by and easily accessable, I am disappointed by the ANA's chosen venue. But, we'll just make the best of it. At least the train station is a short taxi ride away.

mozin · June 13, 2009 1:06PM

I lived in Detroit Michigan in 1965, and hated it. I refused to even go out at night from the old nice neighborhood where I lived.

I gave up Los Angeles about fifteen years ago. Even the air pollution was too much for me to handle.

It would be possible for me to even drive from Portland to L.A., but then, I would actually be spending time in that city. No thanks!

In my opinion, the coin market prices are indeed dropping, and most all the larger dealers know it, and they are lowering their asking prices. By the 2010 FUN, maybe the prices will stabilize.

DonWillis · June 13, 2009 1:14PM

No one show determines the market's future. It just defines the present.

From my perspective, I think this summer's ANA will be well attended by dealers and collectors from around the world. This event will show case the best selection of numismatic material for the year. There will be many dealers who have a very successful show (those that are tuned into to current levels), but there will be those dealers who won't (they are the ones who will hang on to their coins forever). There will be plenty of opportunities for smart buyers with cash.

There are many safe and interesting spots throughout the area. Just ask around, use common sense, and you'll have a great time.

Sunny - LA is just 3-4 miles from the coast. It rarely gets hot downtown. Maybe 80s during the day and cool 60s at night.

illini420 · June 13, 2009 1:20PM

<< Who the **** wants to go to L.A. in August ???? A more temperate venue would have been nice ...
>>

Like where??? canada???

It usually isn't that hot downtown in the summer... sure there are days that it gets in the 90s or close to 100, but that's the case in just about every city in the country during August.

Now where I live in the valley near L.A. we can have it be 100 degree weather every day of August... but a 10 minute drive to the 70-80 degree weather at the beach fixes that. When I lived in Chicago the summers there were much much worse with the hot weather and the killer humidity.

claychaser · June 13, 2009 1:24PM

<< There are many safe and interesting spots throughout the area. Just ask around, use common sense, and you'll have a great time.. >>

Well, I do like Felipe's for the french dip and pickled eggs

droopyd · June 13, 2009 1:26PM

<< LA is just 3-4 miles from the coast. >>

Actually it's about 13 miles from the LA convention Center to the nearest beaches.

Sunnywood · June 13, 2009 1:50PM

<< 

<< Who the **** wants to go to L.A. in August ???? A more temperate venue would have been nice ...
>>

Now where I live in the valley near L.A. we can have it be 100 degree weather every day of August... but a 10 minute drive to the 70-80 degree weather at the beach fixes that. >>

OK fine, let's have the show at the beach then !!

Bear · June 13, 2009 1:53PM

Actually, SM has a convention center.

ArizonaJack · June 13, 2009 1:58PM

<< Actually, SM has a convention center. >>

Beat me to it bear. I do like Santa Monica.

ThePennyLady · June 13, 2009 2:02PM

<< What Fred Weinberg and Morganhunter2 stated sums up my sentiments regarding downtown Los Angeles. Though far from perfect the area has its charms and has improved drastically in the last few years. Singapore it isn't, but in terms of general safety L.A. Is miles ahead of Detroit.

I don't know how often the people who compared L.A. to Detroit have actually been to Detroit, but I was in Detroit not that long ago and I'd rather take my chances in downtown L.A. on any given day. Also remember that demand creates population growth and Southern California has been growing consistently for the last several generations while Deteout has experienced negative migration for at least four or so decades.

The OP is beginning to remind me of the "Debbie Downer" character from Saturday Night Live. It is also apparent that the OP will not be satisfied until his self-fufilling prophecies of impending numismatic doom are fufilled and only when everybody else joins him on the bandwagon of misery. He has the right to form his own opinions but the rest of us shouldn't have to be subjected to his broken record-like repetive posts that are depressing and toxic in nature. >>

I agree that there are good things and bad things about L.A. and, since this is more of an international show, I believe it will be a good one for most and I'm personally looking forward to it. And I especially agree about Wei's opinion of the OP - I've seen his similar posts prior to other large shows and it seems like he's just not a happy coin camper these days.

Bear · June 13, 2009 2:03PM

Yup Santa Monica. Lots of top notch hotels, great beaches,

3rd street promenade, good delicatessens and great restaurants.

Just a little bit of heaven here on earth. Just a few miles from Beverly Hills

as well as world famous Malibu, Disneyland, Knottsberry Farm. Why, if the

show comes here, folks just might never go on home.

Why after WW 2, half the G.I.s that passed thru here came back with their

families and settled the land.

illini420 · June 13, 2009 2:09PM

<< 

<< 

<< Who the **** wants to go to L.A. in August ???? A more temperate venue would have been nice ...
>>

Now where I live in the valley near L.A. we can have it be 100 degree weather every day of August... but a 10 minute drive to the 70-80 degree weather at the beach fixes that. >>

OK fine, let's have the show at the beach then !! >>

I think everybody's hawaiian shirts would be quite appropriate then

I'm in

SeattleSlammer · June 14, 2009 12:44PM

there is no perfect location for a coin show and no perfect "market condition" either

WRONG! Seattle is a perfect location for a big, big thrice yearly coin show!

CoinJunkie · June 14, 2009 12:58PM

<< there is no perfect location for a coin show and no perfect "market condition" either

WRONG! Seattle is a perfect location for a big, big thrice yearly coin show! >>

Yeah, I bet you can book the old basketball arena pretty cheap these days...

SeattleSlammer · June 14, 2009 1:00PM

CoinJunkie, great idea! Key Arena would be perfect....and just a few blocks from me.
Or our beautiful convention center......with a picture perfect view of Pike Place Market, the Sound and mountains.....

CoinJunkie · June 14, 2009 1:20PM

I'm in! The coffee's gotta be better than at Long Beach...

I believe, that for better or worse, the ANA Show in L.A.

Comments

Leave a Comment