Active Market Creates Upbeat Mood for Central States Convention
Nation's Top Dealers Converge on Chicago Area for National Numismatic Venue
April 22, 2016 - Next week, we start our active Spring coin show schedule with The Reeded Edge setting up at the all-important Central States Numismatic Convention in Schaumburg, Illinois. With the recent market uptick associated with activity in the metals markets, we are really optimistic that this will be a great show. Our table location is #1401, front and center, making us very easy to find. Just look for the giant BUYING, BUYING, BUYING sign, and Rob and Robbie should not be far behind. We will have hundreds of new coins with us, including a fresh group of Morgan Dollars and Type II $20.00 Gold, along with fresh submissions back from CAC. Of course, we remain as serious as ever about buying coins. Our open checkbook policy will be in full effect; please consider offering us any fresh, raw or certified coins FIRST. We love fresh coins, and our offers will definitely reflect that! Our great location also gives us an advantage to buy from the general public. With all of the great coins hiding out in the Chicago area, this is the wild card that really could transcend a good show to incredible. If the Chicago area is in your plans next week, please consider stopping by the Renaissance Convention Center in Schaumburg, and saying hello. We would love to see you there!
As we have said many times in the past, a week or two off from our hectic travel schedule hardly translates to dormancy. We have used our precious office time to finalize a couple of significant coin deals, get grading processed, and perhaps most importantly, launch our new look web store. This is something that has been in the works for the better part of six months; it was simply a matter of finding the time to actually complete the process. The good news is that we did, and you are looking at the finished product. Accordingly, we are using the store's christening as an opportunity to list hundreds of new PCGS and NGC certified coins. This is the time of year that we really ramp it up, so expect to see continual streams of new material making their way onto the store over the course of the next several weeks. Included will be a large group of inexpensive collector coins due back any day from PCGS. While we are currently taking a hiatus form coin shows, it is literally the calm before the storm (read paragraph above).
Our Vice President, Robbie Jenkins completed his second Boston Marathon last Monday. He busted his butt training for this event, a fact evidenced by his finish in the top 3% of all participating runners. For the second consecutive year, he ran sub-3 hour marathon, no small feat considering the heat and less-than-ideal conditions at this year's event. When you see him next week in Schaumburg, be sure to ask him about the experience. We are certain that he will have many good stories to tell!
Baltimore Magic Continues!
April 4, 2016 - The Baltimore Coin Show is one venue that both Rob and Robbie really look forward to. This is irrespective of market conditions. There is a good reason for this; Baltimore just works! Last week's show was no exception. Once again, Baltimore got the crowds through the door, and perhaps more importantly, the quality of the attendees was about as good as it could get. There seemed to be very few browsers in the room. We heard a few disgruntled dealers infer that the public wasn't buying, and nothing could have been farther from the truth. Perhaps they were not doing any business with these particular dealers, but we would argue most people were in fact buying, and in some cases, aggressively. Conversely, there were also many interesting items entering the bourse floor which were for sale, some of which ended up at our booth. Our table was a center of non-stop buying and selling activity for the entire 3 days, with customers double-stacked for much of the time. Our super-secret, ace sales teams were canvassing the pre-show trading room and bourse floor for five solid days selling coins on our behalf, as well. It was a good thing, as both Rob and Robbie were glued to their booth from the opening bell until the close of business on Saturday afternoon. In all, The Reeded Edge conducted almost a third of a million dollars worth of business while at Baltimore, not bad for what many consider to be a tentative market; at this juncture, we have a bit more optimistic outlook than that! Overall, we could not have been happier with the overall results, proving once again that Whitman runs a fantastic coin show.
This week, we will be featuring one of our largest new purchase groups of certified U.S. coins for sale since last summer's ANA show. To say that we were aggressive buyers in Baltimore is probably a gross understatement. And, that's not to infer that we will be letting up anytime soon, even in the absence of another show until Central States at the end of the month. The Reeded Edge will continue their open checkbook policy, buying any and all worthwhile numismatic material. Please offer us first shot on fresh, original coin deals, as you will find us very aggressive, especially for the right material. Please call our office @ 301-724-0400, Rob on his cell @ 240-422-0118, or Robbie on his cell @ 301-876-1332. Alternatively, you may e-mail us using the Sell Your Coins link above. We have a tremendous appetite for rare coins, and we don't see that situation changing anytime soon.
The Reeded Edge Launches our 5th Annual Toys for Kids Christmas Celebration with The Salvation Army
December 16, 2015 - 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. Five 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 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.
Highlight New Purchases
- 1885 Indian Cent, PCGS PR-66 BN, OGH, CAC Approved, PQ! - A stunning proof Indian with underlying electric green color.
- 1942 Lincoln Cent, PCGS PR-66 RD, CAC Approved, PQ! - a fiery GEM that looks better than the assigned grade.
- 1871 Two Cent Piece, PCGS MS-66 BN - A pristine GEM worthy of the 66 grade, and bordering on RB.
- 1869 Shield Nickel, PCGS MS-65 - A nice, original GEM with fresh satiny luster.
- 1871 Shield Nickel, PCGS PR-66 - Lustrous original white with abnormally nice "pop" for this normally deficient issue.
- 1884 Liberty Nickel, PCGS MS-65, CAC Approved - Outstanding luster on this mark-free GEM.
- 1911 Liberty Nickel, PCGS MS-66 - An original, mark-free GEM with a faint, pretty patina.
- 1936 Buffalo Nickel, PCGS PR-64 Satin - Original off-white example with golden overlays.
- 1839 Liberty Seated Half Dime, PCGS MS-65, OGH, CAC Approved - Light old-gold, & steely-blue toning with strong underlying luster.
- 1876-CC Liberty Seated Dime, PCGS MS-64, OGH, CAC Approved, PQ! - An original white GEM with only the most minute imperfections.
- 1929-S Mercury Dime, PCGS MS-66+, CAC Approved - Originally toned GEM with vibrant underlying luster.
- 1944-S Mercury Dime, PCGS MS-67+ FB, CAC Approved - The ultimate 1944-D Mercury Dime, with shimmering luster and vibrant gold toning; absolutely beautiful!
- 1924-D Standing Liberty Quarter, PCGS MS-66, CAC Approved - A white blazer and an absolute headlight!
- 1813 Capped Bust Half Dollar, 50C/UNI, PCGS XF-40 - Heavily clashed with deep original grey color that is more pronounced on the reverse; popular variety.
- 1818 Capped Bust Half Dollar, PCGS MS-63, PQ - Satiny white with great skin and just a touch of peripheral color.
- 1913 Barber Half Dollar, PCGS MS-65 - Original with outstanding luster and a gold patina; RARE!
- 1914 Barber Half Dollar, PCGS XF-45 - Light golden overlay on this conditionally tough date.
- 1936-S Walking Liberty Half Dollar, PCGS MS-65 - Blast white, original Walker that is very nice for the assigned grade.
- 1795 Draped Bust Dollar, Small Eagle, Off-Center Bust, PCGS VF-35 - Off white and problem-free example.
- 1797 Draped Bust Dollar, Small Eagle, 9 x 7 Stars, PCGS AU-53 - An attractive dove-grey example with luster evident in protected areas.
- 1797 Draped Bust Dollar, Small Eagle, 10 x 6 Stars, PCGS XF-40 - An original, crusty example with none of the usual uneven striking or adjustments; a simply lovely specimen!
- 1799 Draped Bust Dollar, B-15, BB-152, Irregular Date, 13 Star Reverse, PCGS XF-45, CAC Approved - Crusty and wholesome, original example of this popular 1799 dollar variety.
- 1872-CC Liberty Seated Dollar, PCGS AU-55 - Hints of gold on the obverse which is much more pronounced on the reverse, this RARE date also evidences strong, underlying luster.
- 1881-CC Morgan Dollar, PCGS MS-65, CAC Approved, OGH - A spectacular GEM which is really MS-66 quality.
- 1883-S Morgan Dollar, NGC MS-64 - Frosty white with a sharp strike.
- 1884-O Morgan Dollar, MS-66+, CAC Approved - Gleaming white luster and mark-free surfaces make this common-date dollar anything but common.
- 1885-CC Morgan Dollar, PCGS MS-64 DMPL - Really pretty color helps accentuate the contrast.
- 1887/6-O Morgan Dollar, PCGS MS-62 - A fresh, white example in an affordable grade.
- 1889 Morgan Dollar, PCGS MS-66 - A really nice 89-P Morgan with shimmering luster and a crisp, full strike.
- 1889-CC Morgan Dollar, PCGS AU-53 - Off-white with luster in protected areas and no major marks whatsoever.
- 1890-CC Morgan Dollar, PCGS MS-63 DMPL, CAC Approved - Nice contrast with vibrant, cartwheel luster.
- 1894 Morgan Dollar, PCGS MS-61 - Satiny white with a crisp, full strike.
- 1894-O Morgan Dollar, PCGS MS-63 - A soft-white, original CHOICE example of this conditionally rare date.
- 1894-S Morgan Dollar, PCGS MS-64 - A 100% lustrous white example of this popular date.
- 1895-S Morgan Dollar, PCGS MS-63 - Original white with a milky patina, most noticeable on the obverse.
- 1896-O Morgan Dollar, NGC MS-60 - White with far less contact marks than one would expect for the assigned grade.
- 1904-S Morgan Dollar, PCGS MS-64, OGH - An original and extremely choice white example.
- 1928 Peace Dollar, PCGS MS-65, CAC Approved - Glowing original luster and a true GEM!
- 1857-C $1.00 Gold, PCGS AU-53 - Well struck example of this difficult "C" mint gold dollar.
- 1839-C $2.50 Gold, PCGS AU-55 - Orange coloration, this is both a popular and RARE coin.
- 1897 $2.50 Liberty, PCGS MS-67 - A stunning, superb GEM with immaculate surfaces and luster like a headlight.
- 1929 $2.50 Indian Gold, PCGS MS-64, CAC Approved - Lustrous with a lot of pop for this last year of issue.
- 1889 $3.00 Gold, PCGS AU-58, CAC Approved - An honest slider with pronounced, original luster.
- 1878 $5.00 Liberty Gold, PCGS MS-62 - Semi prooflike with lightly frosted devices; nice looking $5.00!
- 1883-CC $10.00 Liberty Gold, PCGS AU-55 - Prooflike with a very nice look; Very scarce date in high-grade.
- 1898-S $10.00 Liberty Gold, PCGS MS-62, OGH - A better-date $10.00 Liberty that is quite scarce in any grades higher.
- 1854 Small Date $20.00 Liberty Gold, PCGS AU-50, CAC Approved - Lovely example for the grade, and looks more like AU-53+ quality.
- 1854 Small Date $20.00 Liberty Gold, PCGS AU-58 - This date becomes prohibitively tough in full uncirculated condition, and this slider is very close!
- 1858-S $20.00 Liberty Gold, PCGS AU-58 - Very clean surfaces for a Type 1 $20 and an attractive overall example of this better-date.
- 1867 $20.00 Liberty Gold, NGC XF-40 - An affordable example of this scarce and underrated date.
- 1867-S $20.00 Liberty Gold, PCGS AU-50 - Bright and untoned better-date Type II $20.
- 1869 $20.00 Liberty, NGC AU-50 - A wholesome, original example of this very scarce date.
- 1869-S $20.00 Liberty, NGC AU-50 - A bright obverse with a crustier reverse showing original color clinging to the lettering and devices.
- 1871 $20.00 Liberty Gold, NGC AU-53 - A seldom-encountered rare date with even yellow color and luster evident in protected areas.
- 1889-S $20.00 Liberty Gold, PCGS MS-62 - Lustrous and fresh example of this slightly better-date $20.
- 1890 $20.00 Liberty Gold, PCGS MS-63 - A somewhat scarce date that is conditionally RARE above MS-62; Clean with light yellow, unbroken luster.
- 1904 $20.00 Liberty Gold, NGC MS-66 - A superb GEM $20.00 Liberty with a clean rounded cheek and mark-free surfaces. These were over $12,000 several years ago; they are silly-cheap at today's levels!
- 1911-D $20.00 St. Gaudens Gold, PCGS MS-64, Rattler, PQ! - Rolling luster and fairly clean for the grade.
- 1912 $20.00 St. Gaudens Gold, PCGS MS-62 - Soft satiny luster & fresh, original surfaces.
- 1922 Grant w/ Star $1.00 Gold, PCGS MS-66, OGH, CAC Approved - Radiant orange-gold luster with real pop and unmolested, gem surfaces. PQ!
Stolen Coin From the Baltimore Coin Show
September 9, 2014 - The Reeded Edge had a 1927-S Buffalo Nickel, PCGS MS-64, #3962.64/30179690 stolen at July 8th's Whitman Baltimore Coin Show. The coin is a golden white with nice luster and relatively clean surfaces. Originally purchased out of the Heritage June Long Beach auction, this piece is well archived, complete with high resolution photographs. It has a few very distinctive markings, and would be easy to identify in or out of its original holder. A "no questions asked" reward is being offered for its return. Any help from our customers or fellow dealers in recovering this coin is greatly appreciated.
Approval Service Available to Reeded Edge Customers
April 7, 2014 - As you peruse our webstore, you may notice ON HOLD next to the listing of a particular coin. This, amongst other things, could indicate that the coin is out ON APPROVAL to one of our customers. This allows the customer to examine the coin before making payment. For our well established clients, approvals are a preferred way of conducting business. For those not familiar with an approval service, here is how it works: The first step is to build a business relationship with us or any other recognized rare coin firm. If your previous business is with other firms, we ask you to provide three different credit references of dealers that have extended you credit in the immediate past. If your business is in-house, we will evaluate the nature, frequency and dollar amount of your business, and make a credit decision accordingly. Once established, you may use this privilege indefinitely. This gives you the ability to get the coin in-hand, examine it in the privacy of your own home and/or office for 24 hours, and then make your buying decision. This is a great option, and one that MANY of our regular customers take advantage of. Please also note, our approval service is not just for coins. It extends to any item on the webstore with a retail value of $1000.00 or more, including currency, vintage toys, political items, documents & autographs, exonumia and stamps. Please call our offices @ 301-724-0400, Rob on his cell @ 240-422-0118 or Robbie on his cell @ 301-876-1332 to discuss this service further.
July 5, 2014 - 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!
The Reeded Edge, Inc.