Baltimore Show
Greg Zirbas
away to get to the show.
I was curious to know how the show was, and if any of the RCC guys got
together.
Greg Z.
David T. Wang
: I was in Baltimore on business this past week, but I was not able to break
: Greg Z.
I met Reid and Dr Steve.
Picked up 5 of *Ed*'s coins. 1 MS60/61, 4 XF/AU's. Found one local
dealer who had a full roll of them, that he was selling really slowly.
How slowly you asked? Well, I VAM'ed them for him, they're a roll of
VAM46's. Both were really baggy, but I'll be kind and say that one
is ~MS63, the second is ~MS62. (being kind about the grade now...)
He then took out the bluesheet, looked at them... and said "Those will
be $600 each".
I could not believe it. Of all the dealers in the convention center...
This was the one guy who had a roll, (he sold them off I guess, to whom
I do not know.) He still had 7 or 8 left, and he wants $600 each for
MS62/63.
Nuts!
BTW, Reid has committed some sins at the Baltimore coin show. I will
let him confess his sins to the group.
John Carney
John
"David T. Wang" <f...@bar.invalid> wrote in message
news:9911ut$t26$1...@hecate.umd.edu...
David T. Wang
: Oh sure, leave us hanging.
: "David T. Wang" <f...@bar.invalid> wrote in message
:>
:> BTW, Reid has committed some sins at the Baltimore coin show. I will
:> let him confess his sins to the group.
I met up with Reid rather unexpectely again today, and he stopped to
confess his sins. I was surprised, and offered my silence... For a fee.
A bargain was struck. For being the confessor, I agreed to keep silent
on the condition that Reid shall make a full disclosure of his sin, and
beg for forgiveness. Reid then made it perfectly clear that he's a man,
and will own up to his sin in due time.
Therefore, as juicy as the story is, I must be bound by my agreement,
and let Reid prepare himself for the flames of purification of r.c.c.
Eric Tillery
Uh-oh, he must have bought a coin in an ACG holder. Oh no, his
collector soul is lost!
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John
"Eric Tillery" <kX...@mindXspring.com> wrote in message
news:3ab61c68...@news.mindspring.com...
Bill Krummel
Eric Tillery <kX...@mindXspring.com> wrote in message
news:3ab61c68...@news.mindspring.com...
> >: "David T. Wang" <f...@bar.invalid> wrote in message
> >:>
> >:> BTW, Reid has committed some sins at the Baltimore coin show. I will
> >:> let him confess his sins to the group.
>
> collector soul is lost!
That is my guess as well. What is telling, when I think about it, is I can
not think of any other action at a coin show that I could classify as a sin.
IOW, I have no second guess.
Is an exorcism in order? Bill
John Baumgart
Bill Krummel <dqu...@netins.net> wrote in message
news:9917bo$aer$1...@ins21.netins.net...
>
> Eric Tillery <kX...@mindXspring.com> wrote in message
> > >: "David T. Wang" <f...@bar.invalid> wrote in message
> > >:> BTW, Reid has committed some sins at the Baltimore coin show. I
will
> > >:> let him confess his sins to the group.
> >
> > Uh-oh, he must have bought a coin in an ACG holder. Oh no, his
> > collector soul is lost!
>
Perhaps a crackout would do the trick.
John Baumgart
Steven Preston
Anka (sorry- I couldn't resist :) Dave is competing/collaborating with
Ed to corner the market on _that_ coin, and as far as Reid's sins go
unless Dave was referring to that beard I'm as much in the dark as the
rest of you (just kidding Reid). The show was busy though not as packed
as I had anticipated. As usual, the needle was pegged on the
droolometer: I saw a 1900-S $5 in a first generation PCGS holder graded
MS-69! (the coin was flawless under 10x magnification, it would be a
MS-72 today or an ACG MS-10³), over a dozen high relief $20s, and a
rainbow toned Proof-69 Mercury dime that almost defies description. As
has been reported elsewhere, "big money" coins (about $3,000 and up from
what I saw) are not selling well- I spoke to several dealers who are
just going to "sit" on the coins they have for awhile and hope things
turn around enough so that they at least have a shot at turning a
profit. I also noticed most dealers reluctant to buy coins over $2-3
thousand because the market is so soft right now. There was a huge
amount of $20 gold around and it was cheap- you could pick up a nice
type III Lib for ~$375 and a nice Saint for ~$350. Although not flying
out the door, these coins were selling well as enough people figured
they might as well pick up 1 or 2 since they're "so cheap right now". I
was tempted myself, but I blew the majority of my show budget on a
screaming white Roanoke commem half, a 1916-D Merc in VG, and an 1806
25¢ in VF-20 (which I paid 15% over Greysheet ask for but was darn
happy to do it since that was the _only_ VF draped bust 25¢ I saw on
the entire bourse). Although hardly a scientific sampling, my
observations were that many coins were going for around Greysheet
(Morgans, Peace, WL halves, and Mercs) and seemed "sluggish" whereas
Washington quarters and Franklin halves were priced well above Greysheet
and seemed to be selling well from what the dealers I spoke to told me.
The strongest areas were type coins (like a SLQ in MS-63 FH or a gem
Buffalo nickel, etc) and (as I'm sure Reid will attest) early bust type
(1807 and earlier). A great show as always and if you missed this one,
try to make it to the fall show (IIRC its ~Nov. 30 this year) which is
usually even better than this one.
-Steve
Eric Tillery
(Steven Preston) wrote:
> A great show as always and if you missed this one,
>try to make it to the fall show (IIRC its ~Nov. 30 this year) which is
>usually even better than this one.
I am hoping by that time I can withstand the 320 mile round trip. I am
sorry I could not make this show, I really wanted to go.
David T. Wang
: I was in Baltimore on business this past week, but I was not able to break
: away to get to the show.
: I was curious to know how the show was, and if any of the RCC guys got
: together.
Here's a full(er) report.
I attended the show on both Friday and Saturday.
Parking was $12 for Friday, $8 for Saturday.
Littleton was offering to buy coins at greysheet bid, sometimes even
over. Paying a lot of money for some coins. Too bad they didn't want
my low grade junk I tried to sell for a friend.
On Friday's the dealers were running around trying to sell to each other.
My general impression from several dealers was that they were pleasantly
surprised by the crowd. I heard one dealer comment that he expected
terrible buying season, judging from the recent bloodbath on Wall Street.
He was surprised and relieved to see the crowd and some were actually
buying.
I met Dr Steve and Reid at the Show on Friday. Showed them my recent
acquisition of *Ed*'s coins.
Show discussion ensued, as we spoke shortly about Katz coins, and then
Accugrade...
Then we went our separate ways.
I asked around for *Ed*'s coins, and after a while, after I've forgotten
whom I've hit, dealers started recognizing me. One commented that I
asked him yesterday, and he hadn't gotten any in today. I apologized
and he said that he was happy that I asked, who knows, maybe he would
get some in the next time I asked.
One Particularly interesting dealer had 3 coins marked 1879-s Rev 1878.
I thought that I found a treasure trove, then I realized that under
the labelling, two coins said "Rev C.", and his asking price on those
were in line with 1879s Rev 1878's... (these "Rev 78, Rev C"s had rounded
breast and slanted arrows). Then I think I angered him by pointing out
that those were $25 coins instead of $250 coins. Oh well. That was not
a good ice breaker to try to get him to drop the price on the MS61 Rev '78
for $165 down to near a reasonable range.
I found a dealer with about a thousand Morgans, and there was a
guy sitting there picking through the silver dollars. he was hogging the
1878's section. I stuck my hand in, and picked out the 1879s's but no
Rev '78 in there.
After about 10 minutes, he got to the 1880's section. So I asked if he'd
mind that we swap places so I can look at the 1878's. He didn't seem
too happy about it, but my request was polite, so he had to be polite, and
so let me into the 1878's.
I pulled out all of the 1878 8TF's, and a couple of 7TF's.
Then someone else came along, and was looking at the 8TF's as well. He
wanted to know if there were more in the pile, and I told showed him a
badly tone'ed unc for $90, and he wasn't interested. He asked to look at
the 8TF's that I had picked out. He then started VAm'ing them for
me. told me one was a VAM14, pretty good variety. I asked what his name
was .. Michael, he said, Michael Fey...
Then I showed him my 1879-s Rev 1878's, and we spoke a bit about them.
He was in a hurry, and then took off.
I went back to my task of cherry picking, and then the other guy I had
asked to move spoke up..
"So you're interested in VAM's eh?"
Then I told him the story about the 1879-s Rev 1878's again, and told him
I had 30 (He seemed impressed by that).
He then told me his name, and if I wasn't bad with names, I would remember
his name properly. (Brian Reeser sp?) He said that he discovered
several 1878 8TF reverses. Then he started showing me his cherry picked
stuff, abslutely amazing. This guy knows exactly what to look for. knows
the top100/hot50 by heart, showed me an absolutely wickedly doubled
"R" in PLURIBUS on an 1878.
So he opened up the chatterbox, and started telling me about the SSDC
and FUN, and showed me an 1892-o dollar with doubled reeding. (How
does that happen? He asked Rhetorically.)
All in all it was interesting to watch him work and speedily cherry
picking through the pile.
This was on Friday...
Today, Saturday, I went again mainly to try and sell some coins I
promised a friend that I'd try to get rid of for them. Big mistake.
I brought some fo my purchases from yesterday, bought a bunch more
lower grade coins for varieties, and lugging aroudn their 90%
junk silver bullion and proof sets and mint sets. Lugging a 25 to 30lb
bag quickly becomes a hassle. I finally found a dealer paying some
10 to 15% back of bid for the proof sets and mint sets and dumped them
all off. Kept most of the 90% silver stuff, since I felt bad about
dumping some AU/BU 64 Kennedys, AU/BU Franklins and Washington quarters
and some VF-ish Walkers and fine-ish mercs off for 3X face. Some old
foreign coins also didn't bring much money.
The gist of the story is that I ended up lugging the 30lb bag from table
to table. This made it very tempting to accept any offer to sell.
I will definitely remember to travel light, and coins get rather heavy
in quantity.
That is all.
David T. Wang
: As has been reported elsewhere, "big money" coins (about $3,000 and up from
: what I saw) are not selling well- I spoke to several dealers who are
: just going to "sit" on the coins they have for awhile and hope things
: turn around enough so that they at least have a shot at turning a
: profit. I also noticed most dealers reluctant to buy coins over $2-3
: thousand because the market is so soft right now. There was a huge
Ah, different impression I got.. Then again, the most expensive coin
I got was one for $75. I would've paid $250+ for a properly graded
Coin_of*Ed*, but there were none to be found. I saw about 5 to 8
in MS64's, but I never even asked the dealers to price them.
In the expensive arena, I did walk by several really high end dealers.
One of them had many coins from the NFL set, so a bunch of 66's and 67
Morgans.
My friend made an inquiry about an 1884-o (may have been an 1888-o,
common date) MS64 Morgan in PCGS slab. $40 coin if it were not for
the fact that the coin was labelled "Wayne Miller reference piece".
The dealer told him that "$40 coin" was not for sale, but if pressed,
he'll let it go for $5K.
That might have been the least expensive coin in his case...
Perhaps the high end stuff really was soft, then again, I wouldn't
have known....
David T. Wang
: It was fun meeting David and Steve, always fun connecting words with
: faces. I was amazed at the depth of both of your knowledge of Morgan.
My knowledge of Morgans is rather limited in reality. Talking with
Fey and Brian R(?) kind of allowed me to better gauge where I am
in terms of the Morgans.
: I bought ten coins for me, nine ancients and a Bust dollar, and a few
: for my kids. Did you see the miniatures that Golden Eagle Coins &
: Jewelry were selling? Cute tiny little facsimiles of an Eisenhower
: dollar, Kennedy half, Washington quarter, Roosevelt dime, Jefferson
: nickel, and Lincoln penny, in original metal, for $2 for the set. My
: kids love them.
Ahhh!!!!! For the record, I goofed. I sold off a bunch of
mint sets and proof sets to Golden Eagle Coins, and it was not until
about an hours ago, I realized that I had done a dumb, dumb thing...
I had 3 1979 Mint proof sets in a box. (The mint set ships them 3 to a
box to the buyer back in 1979.) So all 3 proof sets were in 1 box.
I told Golden Eagle Coins that there were 3 sets, but handed them to
him in the box. He gave me the number for all the mint sets and proof
sets, and I never checked them. I just trusted him and his calculator.
Since these were not my coins, I was trying to sell them for a friend,
and I was keeping track of what I got for them. I realized I was about
$23 short ... After finguring all sort of combination, I came to the
only possible conclusion... I sold them 3 1979 Proof sets for 10% back
of bid of 1 proof set. Ofcourse they don't keep track of this stuff,
and there'd be no way that I can prove that this is what happened...
That was not smart. Another expensive lesson. Check the dealer's math.
Make sure they agree with your math.
Ankaaz
lovely wife Anka (sorry- I couldn't resist :)"
You know...I was here working in my office, minding my own business, when I
said to myself, "Self? I wonder what's going on on r.c.c.? Surely those
gentlemen are (as is their wont) having lengthy discussions on very lofty
topics." So I signed on and what did I find? Preston prevaricating and Reid
all but selling his soul to the devil! And on Saint Paddy's Day! For shame!
Steven, describe this "Anka" that you saw with Reid. Did she have a blank
stare? Was she fully jointed? Did Reid help her walk?
:-)
Anka Z
JSTONE9352
>: what I saw) are not selling well- I spoke to several dealers who are
>: just going to "sit" on the coins they have for awhile and hope things
>: turn around enough so that they at least have a shot at turning a
>: profit.
I think the uncertain economy right now
is causing people to hold back on the
expensive stuff.
Barry
wrote:
How about a ceremonial cracking out the coin, then burning of the
slab?
Barry
--
Note - Remove the X from my e-mail address for direct replies
Paul Miller
"Barry" <w2...@mindspring.com> wrote in message
news:3ab4b226...@news.mindspring.com...
> On Sat, 17 Mar 2001 20:46:06 -0600, "Bill Krummel" <dqu...@netins.net>
> wrote:
>
> >
> >Eric Tillery <kX...@mindXspring.com> wrote in message
> >news:3ab61c68...@news.mindspring.com...
> >>
> >> collector soul is lost!
>
> slab?
> Barry
Have you ever smelled burning plastic? Lets just say, I'm glad I won't be
there for the ceremony!
John Carney
WLs are "sluggish"? I've noticed a pickup in the prices of Franklins also.
John
"Steven Preston" <seated...@webtv.net> wrote in message
news:7965-3AB...@storefull-624.iap.bryant.webtv.net...
I went on Friday and met Dave Wang and Reid along with his lovely wife
Anka (sorry- I couldn't resist :) Dave is competing/collaborating with
Ed to corner the market on _that_ coin, and as far as Reid's sins go
unless Dave was referring to that beard I'm as much in the dark as the
rest of you (just kidding Reid). The show was busy though not as packed
as I had anticipated. As usual, the needle was pegged on the
droolometer: I saw a 1900-S $5 in a first generation PCGS holder graded
MS-69! (the coin was flawless under 10x magnification, it would be a
MS-72 today or an ACG MS-10ณ), over a dozen high relief $20s, and a
rainbow toned Proof-69 Mercury dime that almost defies description. As
has been reported elsewhere, "big money" coins (about $3,000 and up from
what I saw) are not selling well- I spoke to several dealers who are
just going to "sit" on the coins they have for awhile and hope things
turn around enough so that they at least have a shot at turning a
profit. I also noticed most dealers reluctant to buy coins over $2-3
thousand because the market is so soft right now. There was a huge
amount of $20 gold around and it was cheap- you could pick up a nice
type III Lib for ~$375 and a nice Saint for ~$350. Although not flying
out the door, these coins were selling well as enough people figured
they might as well pick up 1 or 2 since they're "so cheap right now". I
was tempted myself, but I blew the majority of my show budget on a
screaming white Roanoke commem half, a 1916-D Merc in VG, and an 1806
25ข in VF-20 (which I paid 15% over Greysheet ask for but was darn
happy to do it since that was the _only_ VF draped bust 25ข I saw on
JSTONE9352
>Thanks for the report Steve. I wonder why Franklins would be doing well and
>WLs are "sluggish"? I've noticed a pickup in the prices of Franklins also.
The Franklin half that sold recently at
auction for around $69,000 might have sparked an interest in the series
from people who were ignoring Franklins before then.
John Carney
on auctioning an NGC PR67 Ultra Cam 1962 Franklin soon. I hate to do it on
ebay because this coin IS NOT sight unseen quality. It is truly superb. I
took it to my local show (Trevose PA) today but the show was virtually empty
because of the Baltimore show. Here's a picture of it.
http://home.att.net/~johnpcarney/62ucam.jpg
John
"JSTONE9352" <jston...@aol.com> wrote in message
news:20010318110949...@ng-mo1.aol.com...
Reid Goldsborough
(Steven Preston) wrote:
>I went on Friday and met Dave Wang and Reid along with his lovely wife
>Anka (sorry- I couldn't resist :) Dave is competing/collaborating with
>Ed to corner the market on _that_ coin, and as far as Reid's sins go
>unless Dave was referring to that beard...
Well, Anka and I are now expecting. And that beard you refer to is my
attempt to project an aura, even more so than I do now, of Zeus,
particularly the Zeus on the back of these large Ptolemaic bronzes
that I've begun to collect.
I really like your Marcus Welby look, by the way. Cool!
--
Draped Busts: http://www.draped-busts.com
Steven Preston
>Steven, describe this "Anka" that you saw with
>Reid. Did she have a blank stare? Was she
>fully jointed? Did Reid help her walk?
You know, sometimes it's just too easy :-)
-Steve, resisting temptation for the good of the
group :)
Sonn...@webtv.net
Steven, describe this "Anka" that you saw with Reid. Did she have a
blank stare? Was she fully jointed? Did Reid help her walk?
Steve responded:
You know, sometimes it's just too easy :-)
-Steve, resisting temptation for the good of the
group :)
CHICKEN
Doris
group of what?