The Reeded Edge, Inc serving the serious collector & investor since 1991

 

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1787 FUGIO CENT, STATES UNTIED, CINQ, PCGS MS-64 RB
1934 $5000 AND 1934 $10000, RARE CERTIFIED PAIR
1852-O $20.00 LIBERTY GOLD TY 1, PCGS AU-58
1795 FLOWING HAIR HALF DIME, PCGS MS-63
1794 FLOWING HAIR LARGE CENT, HEAD OF 94, PCGS AU-50
1847 $2.50 LIBERTY GOLD, \"BASS\" PEDIGREE, NGC MS-60
1892-O MORGAN DOLLAR, PCGS MS-65
1839-C $5.00 LIBERTY GOLD, PCGS AU-53
KEY 1893-S MORGAN DOLLAR, PCGS XF-45
1874 $20.00 LIBERTY GOLD, PCGS MS-61
1907 $20.00 ST. GAUDENS GOLD, PCGS MS-65
1838-O LIBERTY SEATED DIME, PCGS MS-62
1896-S MORGAN DOLLAR, PCGS MS-64
1839 $5.00 LIBERTY GOLD, NGC MS-61

Spring Coin Market Appears Solid - Office Business Remains Active

May 23, 2017- When we hear some of our fellow dealers complain about market conditions, it makes us chuckle. Yes, there are challenges in the marketplace. Most certainly, there are also stagnant areas interspersed. Cash flow is a real consideration for the wholesale segment. But with all of that said, coins are selling briskly and the collector seems firmly entrenched in this market at current levels. We remember only too well the market of the early 1990's, and that really was a dicey environment. There was a period that lasted almost half a decade where selling coins with any consistency was downright difficult, and at times, almost impossible. That is definitely NOT the situation today. If one looks a bit more closely at the market, there are some interesting observations.

We would argue that dealers largely are their own worst enemies. Those who turned from traders to speculators are dead in the water with stagnant inventory that is depreciating in value. The simple reason for this is that other dealers are equally top-heavy in the same material for the same reason, and consequently, their potential trade partners are in a dormant holding pattern. This creates a trade imbalance, and a glut in certain areas. Several years ago, these gluts included late-date Walking Liberty Half Dollars and classic commemoratives. But interestingly enough, the collector segment, who are the REAL driving force in any coin market, got a renewed interest in these two areas, and started buying again. This was undoubtably a by-product of depressed prices which now appeared attractive to them. We would argue that the same cycle will follow with generic gold and proof type coins, two of the areas presently getting little respect. Ironically, we have observed both beginning to get some attention again. The problem is that dealers top-heavy in these and other less active series, can not wait out the market for a recovery. They have bills to pay, and must maintain a cash flow throughout these normal cycles. To compound matters, many dealers who are great numismatists are also poor business people. In order to achieve success in this business and persevere through market cycles, one must balance the two, and it's not always easy!

It is obvious that the grass roots collector remains the driving force in today's market. Coins in the $200-$2500 range are definitely the most active, with more expensive coins also selling, albeit more sporadically. Morgan Dollars are still the stalwart of the marketplace, with all dates and grades constantly in demand. Although some of the better-date prices have adjusted downward, it has put little damper on this series' popularity, and demand remains high. Small type coins are doing a bit of a renaissance. We felt this area had really been under-priced, and ripe with opportunity. Dated seated liberty material had been soft since the Gardner Collection auctions, but as many of the better coins now have found homes, this area too has new life. Numismatic staples like early copper, small cents and CC-minted coinage continue to chug right along, largely unaffected by market swings. Charlotte and Dahlonega gold coins, especially those under the magic $2500 price-point, are very strong, with all but the most expensive varieties selling briskly. Considering that we are approaching the normally quiet summer months, this market appears very healthy in many respects.

The Reeded Edge will be on the home front for another week. Next Wednesday, we head to Raleigh, NC for the always-popular Raleigh Coin Club Show. Located at The Exposition Center at The North Carolina State Fairgrounds, this show draws a nice mix of regional and local dealers, as well as the always-strong, Carolina collector contingent. Once in the hall, look for the giant BUYING, BUYING, BUYING sign in the middle of the bourse floor, clearly marking The Reeded Edge's multi-table location. Rob and Robbie will have hundreds of new coins with them, a by-product of both show purchasing and over-the-counter office transactions. Buying opportunities always seem to present themselves in Raleigh. With a few irons already in the fire for this upcoming venue, the guys are really anticipating a good trip. We'll keep our fingers crossed, and report back with further details in a couple of weeks.

As always, The Reeded Edge remains focused on BUYING. We continue to seek out all worthwhile numismatic material. If you have any fresh or interesting coins for sale, please either stop by our table at the North Carolina State Fairgrounds during The Raleigh Coin Show or call our home office @ 301-724-0400, Robbie's cell @ 301-876-1332, or Rob's cell @ 240-422-0118. The guys love fresh material and our aggressive offers will definitely reflect that!

Highlight New Purchases

(Featured Coins & Currency Added to Inventory Within the Last 30 Days - as of May 18, 2017)

 

 

We do NOT protect the guilty!

May 8, 2017 - This goes out to the few of you that think it's OK to abscond with our coins, money or both. NEWS FLASH - This is called stealing, and will not be tolerated. We want to let our position on this type of activity be known. First, we will prosecute you to the full extent of the law. Second, we will NOT protect your identity. We believe that if you steal from us, you will probably also steal from one of our fellow dealers (or worse yet, one of our customers). A thief is a thief!

This warning was posted for 30 days, giving the guilty parties a chance to resolve their obligations and do the right thing. Now, their name(s) will be displayed publicly, and we will take any and every legal recourse available to us. Fortunately, there aren't many of you out there; here is the short list:

Individual #1 - Edwin Allen Owen; aka "Doc" Owen (to the best of our knowledge, not an actual doctor), DOB: 11/04/1953, SSN: 556-70-2774; currently residing at 8740 Tuscany Ave. Apt 210, Playa Del Ray, CA 90293-8655. We currently have judgments against Owen in Maryland, Arizona and California. Owen owes us approximately $50,000.00 for an 1815/2 Half Dollar, NGC MS-64 and a 1900 Morgan Dollar, NGC PR-66 CAMEO *, both of which he absconded with in 2011 and never paid for.

Individual #2 - Matthew G. Rhodes, DOB: May 13, 1967; currently residing at 24118 Woodway Terrace, Beachwood, OH 44122 w/ a mailing address of 1284 SOM Center Rd. Box 163, Cleveland, OH 44124. Rhodes absconded with an 1859-O Liberty Seated Dollar, PCGS MS-61 valued at approximately $1800.00 on November 21, 2016. We have filed a complaint with The American Numismatic Association, of which Rhodes is currently a member. Rhodes had previously been expelled from The American Philatelic Society for failure to return or pay for stamps valued in excess of $28,000.00. Our next step(s) will be to seek possible criminal and/or civil litigation to recover our property.

Our Thoughts on Reselling Auction Coins

  

April 13, 2017 - We wanted to take a moment to discuss a very important part of our business plan. In the coin business, we are judged by our peers in a number of different areas including the diversity and scope of our inventory, our expertise in the field of numismatics, and perhaps most importantly our integrity and honesty. For these reasons and others, we have made the commitment to never knowingly re-sell coins sourced from public auctions. There are some very important reasons for this, all inter-related to the above referenced public perception. For starts, we like to believe that our 30+ years in business has established a foundation, or as we prefer to call it, a feeder network, a nucleus of fellow numismatists who have become our supply chain. These proprietary sources are the result of hard work and dedication in forging lasting relationships. In our estimations, our customers are not only paying us for our coins but also our knowledge and insight. It is hard for us to justify merely acting as an agent, farming coins from auction and moving them to a retail environment. Everybody has access to numismatic auctions. They are online and well exposed. If you have a smart phone, tablet or computer these days, you have a direct path to the auction venue. Consequently, almost anybody and everybody has the ability to purchase coins from auction if they so desire. There is nothing exclusive about it, and more importantly, the role of a professional numismatist in the process is often not necessary. Sure, sourcing coins from private parties is a far greater challenge. But, when it is time to sell your coins, which scenario would you rather have: a collection of coins fresh out of the woodwork, or coins which have auction history with associated published prices realized and a ceiling to what they potentially could be worth? Again, when you purchase a coin from The Reeded Edge, you are purchasing more than just the coin. Along with it, comes the peace of mind that your acquisition is fresh to the market, and more than likely resurrected from a collector much like yourself. Fortunately, there are still enough coins in private hands to make this a viable approach for us. We know that there are some collectors, and even more dealers, that take exception to this approach; but it has worked for us and allowed us to garner a loyal and growing customer base. We think it works for them, as well!

Discount Coupons on the Webstore

 

April 13, 2017 - Recently, The Reeded Edge suspended the use of 10% off coupons in lieu of a system of net pricing. Through the feedback of our customers, we found that most people preferred  discounts to be everyday rather than exclusionary. Consequently, we lowered prices throughout the store and did away with the coupons. We did not anticipate the fallout from the customers still holding 10% coupons which were no longer valid. As a compromise, we will continue to honor these coupons and apply a 5% discount rather than no discount at all. Simply enter your existing code at checkout and your discount should apply. The net result is that you will be buying coins cheaper than ever. The Reeded Edge has always prided ourselves on offering great coins at fair prices. Our new pricing structure should definitely reinforce this concept. PLEASE NOTE: If you have any problems applying discount coupons, either call our office @ 301-724-0400 and talk to our IT Manager, Ray Hunt, or e-mail Ray directly, ray@reedededge.com.

 

Important News for all of our Customers Who Sell on eBay

Feb 28, 2017 - eBay sent a notification to all sellers today of a fee increase effective May 1, 2017. This is a significant increase amounting to almost 10% for top-rated sellers, and approximately 4% for all others. In addition, coins and currency which are presently charged a 6% final value fee for fixed-price listings, will increase to a 6.15% final value fee. To get a complete explanation of these additional fees and increases, please click HERE. We urge everyone who sells on eBay to voice their displeasure at these increases. The more people that CALL or write in to eBay, the more apt eBay may be to change this new policy. We can not over-emphasize how important it is for your voice to be heard!


The Reeded Edge Launches our 6th Annual Toys for Kids Christmas Celebration with The Salvation Army

 

December 12, 2016 - Success can be measured a number of different ways. Thirty years ago when The Reeded Edge was conceived, the challenge was to pay the bills and derive an income. Fortunately, hard work really does pay off. Things are quite different for us today, and we now are in a position each year to help those in our community that are less fortunate. Six years ago, we teamed up with our local branch of the Salvation Army to provide toys for children during the holidays. This has turned into a tradition for us, with everybody in the company participating at some level. For us, this is one of our highlights of the holiday season. There is nothing more gratifying than watching 50 children open presents and embrace the spirit of the holidays. We hope that each of you can touch someone's life during the holidays. It's really an uplifting experience that stays with us all year long.



Longevity

Reprinted from July 5, 2014 (and we believe, it still holds true today) - Yesterday, I was pondering the fact that our country turned 238 years old. The United States is the oldest westernized democracy in modern history. We are an enigma in many ways, but perhaps the most poignant thing that resonated with me was the fact that we are getting stronger with age. In our younger years, we were constantly challenged. Through history we have had to continue to fight and defend our position, proving time and time again that we were worthy of our status in the world pecking order.

Thirty seven years ago, I conceived the idea of The Reeded Edge. We were going to be a coin dealer that catered to servicing local customers through trade shows one or two weekends per month. It didn't take long for me to figure out that with hard work and persistence, that there just might be a career potential with this business. But figuring something out and actually taking action are two different matters entirely. It took me another twelve years to make the commitment, and take The Reeded Edge into a full time venture. Since then, we too have had our challenges. But despite them (or perhaps, because of them), we have emerged stronger and better to become the company that you know today. To a great extent, the addition of Ray Hunt 15 years ago and Robbie Jenkins 8 years ago, have allowed for that growth. By taking us to the next step, from a technological and numismatic standpoint, we are now able to do things and service our customers in a way that we could not have done in our early years. Like our great nation, I would like to believe that we are on an upward path, solidifying our position in the numismatic arena.

July 4th made me realize that we as a nation have much to be thankful for, and we are lucky in so many ways. My business is no different. In fact, any organization is only as good as the sum total of its parts, and those parts are their people. I like to believe that I remind Ray and Robbie how important they are to our operation on a regular basis. You, our customers, comprise the other part of this group, and I want to take this opportunity to thank each and every one of you for your loyalty, support and patronage. Without you, we could not be where we are today, a fact I never forget or take lightly.  

To all, a Happy Fourth of July holiday and thank you from the bottom of my heart!

Rob Lehmann
President,
The Reeded Edge, Inc.

 

 

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