Parsippany, NJ Coin Show Report

AnkurJ · May 1, 2011 5:20AM

Today was the monthly Parsippany, NJ Coin show held at the PAL Youth center featuring close to 100 dealers. There was a good crowd as always, and it seemed most sales were bullion driven. Everyone was speculating what silver will do. Some are saying it will go up to $60-$70, while others were saying its run is over. I went hoping to meet up a specific dealer, who unforunately was not in attendance.

I was planning on selling some silver, but decided to wait. I sold only a toatl of two ounces for melt. Otherwise I sold a pair of MS64 Morgans in NGC old fatties, a 1921 Peace Dollar, and a couple of raw coins. I also consigned two coins with Tom Hyland for the GSNA show. Dealers wanted nice coins, but didnt want to pay up for them from what I saw. There was minimal quality type at the show, and it seemed like everyone was buying/selling common date and raw Morgans. Quite boring if you ask me. Problem coins were sitting as they have been month after month. I saw four raw Draped bust dollars, some that looked rather nice. But I question why they are raw show after show. One thing I have been wanting to do for quite some time is bury the hatchet with a dealer I had a problem with a few years ago, and I did just that.

There were two coins I was considering, and I opted with a 1834 Classic Head $5 in an OGH AU50 CAC. The coin matches nicely with my 1836, and was purchased for a fair price.

Board members I saw at the show included: Seaeaglecoins, RLD14, DaveG (from a distance), Commemdude, Halfhunter06, Gdavid70, Halfcentcollector, Oreville and Joebb21. Kiushu was absent today, and I hope all is well with him. Spoke to other attendees about other type of collectibles as well.

This show is always a blast, and I always look forward to it every month. Next up is GSNA!

Here is a quick Iphone pic of the 1834 $5 piece.

Ankur

Halfhunter06 · May 1, 2011 5:28AM

Incredible show, the silver/gold trading was the most intense ive ever seen. Silvers run is over??? hehe. OK. Probably same guys who said back in September that it has room to get up to $23 before it levels off.

mcarney1173 · May 1, 2011 5:29AM

great to hear you had good time, and nice coin too! I was the underbidder at heritage this weekend so I have some extra money. I'll definitely be there in June. Mike

johnny9434 · May 1, 2011 6:25AM

im glad ya had a good time and nice pick up by the way

DaveG · May 1, 2011 9:05AM

I'll echo what AnkurJ said. (I saw him at a distance, too.)

I was helping an elderly neighbor sell some coins, so I didn't get around as much as I wanted too.

The aisles were very crowded and I felt the buzz of a lot of business being done. As AnkurJ said, it felt like a lot of bullion-related activity, though.

For those of you in/around New Jersey, don't forget the annual GSNA show (May 12-14). It's a bit smaller than Parsippany, but the show manager makes a special effort to get dealers who don't typically come to Parsippany. It's usually a great show!

MrEureka · May 1, 2011 10:31AM

For those of you in/around New Jersey, don't forget the annual GSNA show (May 12-14). It's a bit smaller than Parsippany, but the show manager makes a special effort to get dealers who don't typically come to Parsippany. It's usually a great show!

I agree! I'm sorry I'll have to miss it this year. (I'll be in Europe for an auction.)

KISHU1 · May 1, 2011 10:55AM

Nice to hear about the show. I had to attend a function at Temple University for my daughter, which was a great day for her.
I will be back next month

Frank

Parsippany, NJ Coin Show Report

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