March 2018

Baltimore Coin Show Report for March, 2018
Post date: Thursday, March 29, 2018 - 09:25

The Baltimore coin show held last week in Baltimore, MD, can best be described as "excellent." We did a lot of buying and selling, overall had a great show. Sales were stronger than we expected, and we sold a lot more than we expected to. Additionally, purchases were good, and we bought some rarities, as well as a pile of inexpensive errors. Many of the rare coins are off being graded, while the less expensive coins, and some of the already certified rare errors will be listed on our website in the coming week or so.

Our not that good photo of one of our four display cases of major mint errors at the show

Two records were set in the auction held by Stacks. A 1958 doubled die brought $336,000, which is a new all time record for a doubled die cent at auction, and also a Sacagawea/statehood quarter mule brought a new record for a sale at auction when it fetched $192,000! A 1955 doubled die brought over $100,000 as well, being a high grade red example. Other errors and varieties fetched expected or stronger than expected prices.

The U.S. coin market appears to be doing great, at least for "nice coins." Auction prices were good, and dealers at the show all had "ok" to "excellent" shows, with most saying they were having really good shows. This was despite the snowstorm canceling many dealers flights, and the attendance therefore somewhat lighter than normal. It didn't keep the dealers and collectors from having a great show though.

We do not have anymore shows now until June, which means a two and a half month dryspell from coin shows. We don't think this will greatly effect our supply of fresh coins though, since the Spring is a particularly active time of year in the hobby, and we expect to do a good amount of both buying and selling. If you want to get "first shot" at the coins we get in, be sure and send us your want list detailing what you are actively looking for right now. Otherwise, sign up for our "fresh coins email alert", which will send oyu an email when fresh coins are listed on the website (usually 2-3 times a month.) This is a good way to not loose out on new errors we get in, since many coins sell as soon as they are listed! You can sign up here for our email newsletter.

A view of the bourse floor at the Baltimore coin show. 

Type 1 & 2 Blanks and Planchets
Post date: Monday, March 5, 2018 - 06:06

Here is an excellent article on the difference between type 1 and 2 blanks and planchets. It is a topic which causes a lot of confusion in the error hobby since people use the terms interchangeably. We try to stick with the definitions as laid out in this article put out by NGC, since we think they make the most sense.

Long Beach Coin Show Report February, 2018
Post date: Friday, March 2, 2018 - 09:23

Last week, March 21-24th, 2018, we attended the Long Beach coin show in California. The show is held three times year, and is one of the larger shows of the year nationwide. Due perhaps to it's location, and the more difficult tax situation, it tends to not be as well attended as shows in more "coin show friendly" states, although it still brings in many dealers and collectors, particularly from the Western areas of the United States. So it's somewhat of a "different crowd" from the attendees at an East Coast show.

Generally, Long Beach tends to be an ok show for us, with some some buying and selling opportunities resulting from it. However, this show was slower than normal, which we believe is due largely to a few of our better sources for buying and selling not attending this show for no particular reason. Other dealers seemed to be having a mixed show, and for Long Beach, it was average.

We did get to see some fantastic U.S. coin on exhibit, including a lot of Territorial gold bars and coins from the wreck of the S.S. Central America, and also an incredible exhibit of British coins dating from Britains first rulers up to the 20th century. Exhibits are going to be a regular event at upcoming Long Beach shows, and we think that will encourage greater collector attendance, which is a good thing.

The error market is overall doing well. Auctions are bringing good prices, and we had our biggest sales month ever this last January! February (for unknown reasons) always is a bit slow, but we expect the coming months to pick up a lot as customers and dealers figure out their taxes. We're looking forward to the Dallas ANA next week, as well as the Baltimore a few weeks after, and we hope to have lots of fresh material to show you our customers. If you are attending either show, we look forward to seeing you at our tables.