Options
My first trip to Baltimore Report & Newps!
AnkurJ
Posts: 11,375 ✭✭✭✭
So today was my first trip ever to the Baltimore Coin show. I was told the June show is a much smaller and slower show, but still worth going to. So I took the train down this morning and got to the center at around 10:15am. It was quiet as expected at first, but I heard there was a lot of dealer to dealer transactions going on.
I had a map printed out with my stops planned out. My first order of business was to drop off a large submission of mine and a dealer friend to PCGS. There was no wait, and it was a quick drop off. Afterwards I met up with a fellow board member who was interested in a coin I had. We agreed upon a price and finished a deal. There were a few types of coins I was hoping to find in decent condition at this show. They included an early turban $10, a chain and wreath cent with nice surfaces, and a 1793 half cent with nice surfaces and better quality early/toned type in general. Obviously in mid to lower grades that I could afford. I saw a few MS wreath cents that were gorgeous, but well out of my range. There were a lot of copper dealers at this show including Doug Bird, Tom Reynolds, Steve Ellsworth, CV McCawley, Hannigans, Tom Hyland etc. I saw many chain and wreath, but none really fit the bill. I just cant justify paying a large amount for a coin that doesnt have full detail or issues. A few of the examples I saw were those I was outbid on in Heritage! Its funny that the same coins end up with dealers with a decent sized premium.
There was one wreath cent graded PCGS VF30 I saw on a dealers website before the show that was priced at $20,000. I thought the coin was worth around $17-18000, so maybe would could strike a deal right? I went to his table and asked about the coin. It was handed to me....but had a price tag of $32,500! I told the dealer it was marked $20k on his website. He said there is no way, and I opened his site on my iphone and showed him. His response "Wow, we put it up at our cost!". He told me he would honor the price, but tomorrow it will be changed to $32,500 on their website. I passed on the coin as it was not worth his asking price, but I was surprised at the markup. Yes I know dealers have to make a profit and have to pay for travel etc etc, but that is one of the biggest mark ups I have heard of.
Dealers I met at the show that I have done business with in the past, but never met in person included: Rich Uhrich, Eugene Bruder, Laura from Legend, Dave and John from Coin Rarities Online, Robbie from The Reeded Edge and Joe Levine of Presidential auctions. It was great to finally meet some of these great people in person, and do further business with them.
Board members I saw included: Colonialcoinunion, Ponyexpress6, NJcoincrank , Joebb21, Thegeneral, and abitofthisabitofthat. Forgive me if I left you out as the day was truly a blur.
I saw a good amount of early slabbed gold of all denominations. Very few of it was CAC'd, and very few of them were problem free. I saw a good number of early $10's, but they all had some problems. Early type was around, and anything of better quality was priced very strong from what I saw. More and more coins have been through CAC, and people look for that sticker as a sense of security of reassurance when making a big purchase. Toned Morgans seemed to be everywhere with prices across the board. One of the most interesting coins I saw was a Continnental Currency in PCGS G6! I've rarely see one so worn down. It was priced at around $12,500. More than I would spend, but still a very cool piece of history that must have been a pocket piece at some point. There were overall more run of the mill coins than amazing "wow" coins. I saw some higher grade bust halves in NGC plastic that just didnt have the eye appeal to justify the price. Premiums for toned early material seemed to be sky high in some cases. I'm talking more than double sheet/PCGS guide for toned proof IHC's and early bust material. Regarding the Pattern market, from what I have heard it is completely dead right now. Might be a good buying opportunity though! Stacks had auction previews for their future auctions on display. Some truly amazing coins! Rare Coin Wholesalers were also present and showed my friend and I some amazing coins as well. Its always nice to look
I also placed bids on a few medals from Joe Levine's exonumia auction. Many people were viewing lots and placing bids at his table. I am sure they will have another stellar auction.
Now as for my newps. I bought these coins because I either found them very appealing, they fit in my US type set, or I have always wanted one....or all of the above!
Images will be up tomorrow for those who are interested.
First is a 1869 Seated Half Dollar in PCGS AU53 with gorgeous dual sided toning from Rich Uhrich. Very pretty reds and blues from being in an album for years.
Second is a very crusty and original skinned 1835 Classic Head $5 in PCGS VF35. There is no word to describe this coin other than original. With all the cleaned and striped gold I saw at this show, it was nice to see an un-tampered with example.
Third is a 1941 Proof Walker Half Dollar No AW variety in PCGS PF64 from Eugene Bruder. I dont know why this coin didnt get the cameo designation. It is just dripping with luster! I have to reshoot this one.
The best for last is a 1901 $2.50 Liberty Quarter Eagle in NGC PF62 CAM CAC in an old fattie holder. I have always wanted an example of proof gold in my collection. The challenge was finding an affordable example that looked nice. This one fit the bill, and I purchased it for $100 over what it sold for in heritage last october. Thanks to New York Gold Mart for a very easy transaction!
Overall it was a great show experience, and well worth the trip down. The train ride was very quick and easy. I hope to make it to future shows, as the calibur of material one can see is just spectacular!
Fire away
Ankur
I had a map printed out with my stops planned out. My first order of business was to drop off a large submission of mine and a dealer friend to PCGS. There was no wait, and it was a quick drop off. Afterwards I met up with a fellow board member who was interested in a coin I had. We agreed upon a price and finished a deal. There were a few types of coins I was hoping to find in decent condition at this show. They included an early turban $10, a chain and wreath cent with nice surfaces, and a 1793 half cent with nice surfaces and better quality early/toned type in general. Obviously in mid to lower grades that I could afford. I saw a few MS wreath cents that were gorgeous, but well out of my range. There were a lot of copper dealers at this show including Doug Bird, Tom Reynolds, Steve Ellsworth, CV McCawley, Hannigans, Tom Hyland etc. I saw many chain and wreath, but none really fit the bill. I just cant justify paying a large amount for a coin that doesnt have full detail or issues. A few of the examples I saw were those I was outbid on in Heritage! Its funny that the same coins end up with dealers with a decent sized premium.
There was one wreath cent graded PCGS VF30 I saw on a dealers website before the show that was priced at $20,000. I thought the coin was worth around $17-18000, so maybe would could strike a deal right? I went to his table and asked about the coin. It was handed to me....but had a price tag of $32,500! I told the dealer it was marked $20k on his website. He said there is no way, and I opened his site on my iphone and showed him. His response "Wow, we put it up at our cost!". He told me he would honor the price, but tomorrow it will be changed to $32,500 on their website. I passed on the coin as it was not worth his asking price, but I was surprised at the markup. Yes I know dealers have to make a profit and have to pay for travel etc etc, but that is one of the biggest mark ups I have heard of.
Dealers I met at the show that I have done business with in the past, but never met in person included: Rich Uhrich, Eugene Bruder, Laura from Legend, Dave and John from Coin Rarities Online, Robbie from The Reeded Edge and Joe Levine of Presidential auctions. It was great to finally meet some of these great people in person, and do further business with them.
Board members I saw included: Colonialcoinunion, Ponyexpress6, NJcoincrank , Joebb21, Thegeneral, and abitofthisabitofthat. Forgive me if I left you out as the day was truly a blur.
I saw a good amount of early slabbed gold of all denominations. Very few of it was CAC'd, and very few of them were problem free. I saw a good number of early $10's, but they all had some problems. Early type was around, and anything of better quality was priced very strong from what I saw. More and more coins have been through CAC, and people look for that sticker as a sense of security of reassurance when making a big purchase. Toned Morgans seemed to be everywhere with prices across the board. One of the most interesting coins I saw was a Continnental Currency in PCGS G6! I've rarely see one so worn down. It was priced at around $12,500. More than I would spend, but still a very cool piece of history that must have been a pocket piece at some point. There were overall more run of the mill coins than amazing "wow" coins. I saw some higher grade bust halves in NGC plastic that just didnt have the eye appeal to justify the price. Premiums for toned early material seemed to be sky high in some cases. I'm talking more than double sheet/PCGS guide for toned proof IHC's and early bust material. Regarding the Pattern market, from what I have heard it is completely dead right now. Might be a good buying opportunity though! Stacks had auction previews for their future auctions on display. Some truly amazing coins! Rare Coin Wholesalers were also present and showed my friend and I some amazing coins as well. Its always nice to look
I also placed bids on a few medals from Joe Levine's exonumia auction. Many people were viewing lots and placing bids at his table. I am sure they will have another stellar auction.Now as for my newps. I bought these coins because I either found them very appealing, they fit in my US type set, or I have always wanted one....or all of the above!
Images will be up tomorrow for those who are interested.
First is a 1869 Seated Half Dollar in PCGS AU53 with gorgeous dual sided toning from Rich Uhrich. Very pretty reds and blues from being in an album for years.
Second is a very crusty and original skinned 1835 Classic Head $5 in PCGS VF35. There is no word to describe this coin other than original. With all the cleaned and striped gold I saw at this show, it was nice to see an un-tampered with example.
Third is a 1941 Proof Walker Half Dollar No AW variety in PCGS PF64 from Eugene Bruder. I dont know why this coin didnt get the cameo designation. It is just dripping with luster! I have to reshoot this one.
The best for last is a 1901 $2.50 Liberty Quarter Eagle in NGC PF62 CAM CAC in an old fattie holder. I have always wanted an example of proof gold in my collection. The challenge was finding an affordable example that looked nice. This one fit the bill, and I purchased it for $100 over what it sold for in heritage last october. Thanks to New York Gold Mart for a very easy transaction!
Overall it was a great show experience, and well worth the trip down. The train ride was very quick and easy. I hope to make it to future shows, as the calibur of material one can see is just spectacular!
Fire away
Ankur
All coins kept in bank vaults.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
0
Comments
The wozer for me is the 1869 Half!!!!!!!!!!!!!!!!!!!!
WOW!
WOW!
WOW!
- Marcus Tullius Cicero, 106-43 BC
I wouldnt be surprised if that 1862 half gold stickers!
Nice report and pickups!
Seated half looks great! Others nice too -- you bought about three more coins than I usually find.
"Look up, old boy, and see what you get." -William Bonney.
All are very nice coins but the 2 1/2 gold is a keeper.
Mike
<< <i>Great report, Ankur, and nice newps. Now we gotta get you down for one of the FUN shows! >>
Oh I can't wait for one of those ;-)
Wife might have a cow about it though!
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
Tom
Tom
Nice Report.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
Visit my son's caringbridge page @ Runner's Caringbridge Page
"To Give Anything Less than Your Best, Is to Sacrifice the Gift" - Steve Prefontaine
I was retracking the things I completely forgot to do at the show last night. JJ teaparty had a secret sale of some sorts, and they had a coin I wanted to look at. Completely slipped my mind even though I was at their table!
As for the 1869 Half, I love the look of the coin. Here is a closeup of the face. The way it toned, it makes it look like she is going to a masquerade ball!
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
I give away money. I collect money.
I don’t love money . I do love the Lord God.
The Penny Lady®
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
Camelot