The Reeded Edge Heads to Ohio
Ohio State Coin Show Marks First Return to State in almost 2 Years
Sept. 1, 2015 - It is long overdue as The Reeded Edge finally returns to Ohio for what promises to be a marquis regional show. The Ohio State Coin Show located in Dublin, Ohio (a suburb of Columbus) and sponsored by The Central Ohio Numismatic Organization will commence with early bird admission @ 4:00PM on Thursday, September 3rd and conclude on Sunday afternoon, September 6th @ 4:00 PM. In attendance will be approximately 80 of the region's coin dealers comprising a floor layout covering approximately 120+ tables. A review of the dealer roster shows an eclectic group, with several larger firms represented, a strong contingent of local Ohio coin shops and the usual mix of smaller and part-time dealers. To us, this spells opportunity, especially given our extended absence from this area. Ohio was once a coin mecca with several viable shows every month. Unfortunately, many of these shows have died off, the consequence of changing market conditions, and in some cases, poor management. We know that neither will impact this weekend's show negatively, as The Central Ohio Numismatic Organization remains one of the largest and most stable coin clubs in the region. We expect an enthusiastic response from the public, which ultimately, is the mainstay of any successful coin show. Both Rob and Robbie will be on hand for The Reeded Edge for the duration of the show. This is their first show since the summer ANA, so expect to see hundreds of new and exciting numismatic treasures in their inventory. Their multi-table space will be located immediately to the right of the main entrance right along the front wall. Just look for the giant BUYING, BUYING, BUYING signs and their smiling faces should not be far away. As usual, The Reeded Edge will be buying aggressively, their open checkbook policy in full effect. If you have any numismatic business to conduct this weekend, and/or Dublin Ohio is in your plans, Rob and Robbie would love to see you at the show. If you need to reach either for any reason throughout the show, Robbie may be reached on his cell @ 301-876-1332, or Rob on his cell @ 240-422-0118.
Excellent ANA Show Exceeds Expectations
Mixed Reviews as Some Dealers Still Trying to Figure out Market
Aug. 18, 2015 - The ANA's World's Fair of Money continues to be the barometer to measure the coin market. Our impression after 10 days in Chicago is that the market is not only healthy, but in certain regards, on fire. But not everyone at The Donald Stephens Convention Center shared out opinion. Yes, there certainly are parameters to negotiate the waters of the current coin market. Collector coins still reign king. Generics are still languishing. The market is also extremely price sensitive. A few dollars one way or the other can make all of the difference between making a sale and coming up empty. Premiums can be realized for the right coins, but collectors approach this area in a measured and selective way. The days of throwing money aimlessly at rare coins are over. Information is more accessible than ever, and with the advent of the internet as a viable rare coin marketplace, those dealers trying to sell coins with an edge or an angle are gasping for air. All of these phenomenons were evident at the ANA. For dealers well stocked with collector coins at today's levels, none of these factors mattered. These were the folks that reported a great show and had smiles on their face from start to finish. The bottom line was that both collectors and dealers alike came to Chicago with the goal of trading coins. As has been the case at coin shows for the last several years, some dealers figured it out and some didn't.
The Reeded Edge had one of their best ANA Shows ever, due in no small part to our consorted effort to cater to the collector while remaining price sensitive to current market conditions. In all, Rob and Robbie conducted just south of 3/4 of a million dollars worth of numismatic business. Equally encouraging was the fact that The Reeded Edge's business was split almost equally between purchases and sales. What this means is that you will see an unprecedented number of new coins emerging on our webstore throughout the week. Included with our ANA newps are many fresh coins back from grading at PCGS. Summer is not normally an exciting time in the rare coin business. But, this summer has been, and remains, different than most. The ANA, once again, affirmed that the coin market is alive and well, and in certain respects, firing on all cylinders. That is, provided, that your rare coin operation runs like a Mercedes and not an Edsel!
Included amongst our ANA new purchases are a wonderful group of PCGS-certified type spanning early copper to 20th century silver. Also worth mentioning is one of our largest groups of better-date dollars that we have had in quite some time. As most of you are probably aware, we recently purchased a world-class foreign collection. Some of the better pieces were sent to NGC for grading. We are happy to report that these pieces have finally come back to us, and now are available for your consideration. Also, hundreds of world coins are exclusively listed on our eBay store, so please check there, as well. Finally, a small but important group of U.S. gold coins round out our show purchases. Due to both the scope and variety of all of these new coins, we suggest that you check our New Store Items page often throughout the week.
As we alluded to above, this summer has been unusually active. Business, although not always outwardly obvious, has been both consistent and steady. Sales have spanned coins and currency at all price points. Better date Morgans are still enjoying their day in the sun, both figuratively and literally. Key-date collector coins also seem to be experiencing a renaissance. As we have been noting for some time, better date dollars are still not coming out of the woodwork. If the market were to soften in this area, we would be seeing multiples of semi-key and key date dollars entering the marketplace, but this simply has not been the case. As a market maker in this segment of the numismatic market, this trend is concerning, especially from a buying standpoint. As a seller, this trend is both good and bad; the good being that demand hasn't waned and bad from the standpoint that there isn't more product in the marketplace for us to sell. It is easy to forget how popular this series is, a fact we are not losing sight of even during these historically slower summer months.
The Reeded Edge remains serious about doing two-way business. Whether you're buying rare coins, selling rare coins, buying or selling gold or silver, or perhaps in the market for vintage toys or collectibles, few rare coin and collectibles firms have a greater presence in the marketplace than The Reeded Edge. Our open checkbook policy means that we want to buy anything from a valuable single item to an entire estate or collection. No deal is EVER too large, and we hate to say no. At The Reeded Edge, we really want to be your go-to rare coin dealer.
Please feel free to call our offices during normal business hours @ 301-724-0400, Robbie's cell after-hours @ 301-876-1332 or Rob's cell after-hours @ 240-422-0118 to discuss any matter of business or just tell us how we're doing. And of course, stay tuned for more great coins, along with further details of upcoming coin shows.
Highlight New Purchases
- 1802/0 Draped Bust Half Cent, PCGS VG-10 - Original and medium brown, this is a rare date with less than 1000 survivors known.
- 1810 Half Cent, PCGS XF-40 - Medium brown example of this tougher early date.
- 1833 Half Cent, PCGS MS-63+ BN - Rich variegated luster shades from dark brown to tan.
- 1793 Wreath Cent, PCGS FR-02 - Low-grade example with most major design elements visible.
- 1820 Large Cent, NGC MS-64 BN - A typically lustrous and fresh example of this Randle Hoard date.
- 1823/2 Large Cent, PCGS VF-20, CAC Approved - a perfect chocolate brown example of this scarce variety.
- 1874 Indian Cent, PCGS MS-65 BN, CAC Approved - Glossy brown with an icy blue patina.
- 1879 Indian Cent, NGC MS-64 RD, CAC Approved - Green-orange luster with a real "look".
- 1885 Indian Cent, NGC PR-66 RB - Beautiful icy blue and pastel highlights.
- 1906 Indian Cent, PCGS MS-66 RD - A blazing red, spot-free example.
- 1914 Lincoln Cent, NGC PF-66 BN, CAC Approved - an absolutely gorgeous coin with pink and blue highlights.
- 1922 No D Strong Reverse Lincoln Cent, PCGS AU-53 - a very pretty original example that appears undergraded; PQ!
- 1925 Lincoln Cent, PCGS MS-67 RD - Beautiful green highlights and blazing RED!
- 1864 Two Cent, Small Motto, NGC MS-64 BN - Pretty with ample amounts of RED poking through.
- 1885 3CN, PCGS XF-45, CAC Approved - a very RARE business strike 3 Cent Nickel, and this one is PERFECT for the assigned grade.
- 1854 3CS, PCGS MS-64, CAC Approved - Rich satiny luster and totally original. Fresh!
- 1861 3CS, PCGS MS-65, CAC Approved - Blue and pink toning with pronounced underlying luster.
- 1867 Shield Nickel, Rays, PCGS MS-65 - Outstanding original luster with some peripheral gold. Much rarer than its 1866 counterpart.
- 1871 Shield Nickel, PCGS MS-66, CAC Approved - somewhat prooflike luster and a true GEM in all regards.
- 1886 Liberty Nickel, PCGS MS-63 - Original white and well struck.
- 1923 Buffalo Nickel, PCGS MS-66, CAC Approved - Stunning spearmint green color with rich satiny luster.
- 1805 Draped Bust Dime, 4 Berries, PCGS AU-55, CAC Approved - Original luster with gold highlights and fresh skin; unusually nice eye appeal for this issue.
- 1831 Capped Bust Dime, PCGS AU-58 - Soft white, and essentially untoned.
- 1839-O Liberty Seated Dime, No Drapery, PCGS MS-65+, CAC Approved- Original surfaces with underlying rich, satiny luster. Wholesome and extremely attractive GEM example; RARE this nice!
- 1858-S Liberty Seated Dime, PCGS VF-30, CAC Approved - Original, light grey example of this scarce date.
- 1916-S Mercury Dime, PCGS MS-67+, CAC Approved - Top pop, the one and only 67+ graded, and it's downright beautiful.
- 1831 Capped Bust Quarter, Small Letters, PCGS AU-55 - Very original with nice luster and pale gold overlays.
- 1876-S Liberty Seated Quarter, PCGS MS-64 - A wholesome, lightly toned example of this centennial year quarter.
- 1878-CC Liberty Seated Quarter, PCGS AU-58 - Original off-white with a hint of gold.
- 1917 Standing Liberty Quarter, PCGS MS-65 FH - Original luster with gold highlights; pretty!
- 1929-D Liberty Standing Quarter, PCGS MS-64 FH - White, original and PQ example of this conditional scarcity.
- 1934 Washington Quarter, PCGS MS-67 - Gorgeous luster with electric gold highlights.
- 1923-S Walking Liberty Half Dollar, PCGS AU-58, CAC Approved - 100% white and untoned; Try to find another!
- 1939 Walking Liberty Half Dollar, PCGS PR-67, PQ! - Original color and pristine surfaces. Very high-end and looks to be 68 quality.
- 1795 Flowing Hair Half Dollar, O-103a, R-5, PCGS F-15, CAC Approved - Variety with major retained CUD on the reverse. Wholly original and under-graded, and much nicer than most in VF holders; the true meaning of PQ!
- 1807 Draped Bust Half Dollar, PCGS VF-35 - Original with some pretty toning, most notably on the reverse.
- 1807 Draped Bust Half Dollar, NGC XF-40 - Original grey and softly struck with luster clinging to all devices.
- 1831 Capped Bust Half Dollar, NGC MS-62 - Lustrous choice surfaces with gold overlay.
- 1839 Capped Bust Half Dollar, Reeded Edge, PCGS MS-64 - Lustrous original-white example.
- 1916 Walking Liberty Half Dollar, PCGS MS-64, CAC Approved - 100% white and virtually a full GEM.
- 1799 Draped Bust Dollar, PCGS XF-40 - Attractive old gold with lustrous highlights.
- 1862 Liberty Seated Dollar, PCGS MS-62 - Totally white with satiny luster and heavy die polish lines in the fields. Tough date!
- 1880-S Morgan Dollar, PCGS MS-65, MONSTER COLOR - Perhaps the most outrageously toned Morgan Dollar that we have ever seen!
- 1880-S Morgan Dollar, PCGS MS-67+ - Few coins are prettier than GEM 80-S Morgan Dollars; this one has rich, original luster and the signature puffy cheek.
- 1881-S Morgan Dollar, NGC MS-67 PL - Watery mirrors contrast gem, mark-free surfaces.
- 1882-CC Morgan Dollar, PCGS MS-67 - Outrageous luster and the surfaces that you would expect for the assigned grade. Scarce in MS-67.
- 1884-S Morgan Dollar, NGC MS-61, CAC Approved - Satiny white with a semi-PL obverse and great luster. This one is really NEW, and as such, is RARE!
- 1885-CC Morgan Dollar, PCGS MS-62 DMPL - Strong watery mirrors with areas of tan toning.
- 1886-O Morgan Dollar, NGC MS-62 - Clean, white well struck example of this popular better-date dollar.
- 1887 Morgan Dollar, NGC PR-62 - Original grey-gold toning with strong underlying watery mirrored fields.
- 1888-S Morgan Dollar, NGC MS-64, CAC Approved, PQ - Fresh cartwheel luster with a lot of pop!
- 1889-CC Morgan Dollar, NGC XF-45, CAC Approved - They don't come any more original than this!
- 1889-O Morgan Dollar, PCGS MS-65 - A screaming white GEM example of this better-date Morgan Dollar.
- 1890-O Morgan Dollar, PCGS MS-65 - White GEM example.
- 1892 Morgan Dollar, PCGS MS-64 - White and clean with just a touch of gold on the obverse periphery.
- 1892-CC Morgan Dollar, PCGS MS-63 - A blast white example.
- 1896-O Morgan Dollar, PCGS MS-63 - White lustrous CHOICE example with real "life". This is perhaps, conditionally, the most challenging date of Morgan Dollar.
- 1900-O/CC Morgan Dollar, PCGS MS-65+ - Creamy original-white luster with clean surfaces.
- 1903 Morgan Dollar, PCGS MS-66+, CAC Approved - Close to MS-67 quality, rich luster with an arch of color.
- 1903-S Morgan Dollar, PCGS MS-64 - White & lustrous example of this scarce date.
- 1904 Morgan Dollar, PCGS PR-63 - Deep golden toned example.
- 1813 $5.00 Capped Bust Left Gold, PCGS MS-62 - Very lustrous and nice surfaces for the assigned grade; Fresher than most at this grade level.
- 1890-CC $10.00 Liberty Gold, PCGS MS-61 - Very lustrous with frost on the devices.
- 1932 $10.00 Indian Gold, PCGS MS-65+ - A great type coin with the luster and surfaces that you would expect for the assigned grade.
- 1877 $20.00 Liberty Gold, PCGS MS-60 - Scattered bagmarks as expected, but with vibrant satiny luster.
- 1907 $20.00 Liberty Gold, PCGS MS-64+ - A sparkling near-GEM example that is downright RARE any finer.
- 1913 $20.00 Saint Gaudens Gold, PCGS MS-63 - a lustrous and fresh example of this better date P Mint Saint.
- 1915 $20.00 Saint Gaudens Gold, PCGS MS-63 - Satiny luster and attractive for the grade.
- 1935 P,D,S Texas Commemorative Half Dollars (3), PCGS MS-66, OGH - Crusty, original superb GEM set.
A FUN Experience
By Miguel Lopez
The Reeded Edge Launches our 4th Annual Toys for Kids Day with The Salvation Army
December 11, 2014 - This has been a successful year for our company. All of the hard work, both here in the office and on the road, paid dividends with record sales figures. But, it is sometimes easy to get caught up in these personal successes, and forget that there are many amongst us that are far less fortunate. The holidays provide us with the opportunity to give a little something back. The Reeded Edge, once again this year, teamed up with The Salvation Army to sponsor our annual Christmas toy drive. Today's event allowed us to play Santa, handing out wrapped toys to over 40 local grade-school children. The looks on their faces said it all! Perhaps, some of you reading this will be able to help somebody less fortunate this holiday season, as well; from our standpoint, there is no greater reward.
Merry Christmas and Happy New Year to all!
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.