Our quest for fresh coins continues. If you have any higher value numismatic material that has been off of the market for a considerable time, and you are considering selling, please contact us for our aggressive offer! The Reeded Edge will pay VERY STRONG PRICES for the right coins. Our customers need new coins as the want lists come in almost daily. Business also remains brisk, putting additional pressure on replenishing inventory. Honestly, we wouldn’t have thought that buying coins in the midst of a global pandemic would have been a problem.

Finally, we want to thank each and every one of you reading this for your loyalty, support and business. This could have been a catastrophic time for us, but instead, we are as busy as ever. Observing many other people’s present situation, it is quite evident that we are VERY lucky, a fact that we never lose sight of. Thank you once again; we couldn’t do this without you. Happy collecting and stay safe!

Precious metals continue to rally. This has added a component to an already active marketplace. Even those of us that service the numismatic sector have been part of this activity. We have seen a proportional number of buyers and sellers. Profits are being taken on one side and being invested in the other, and vice versa. Needless to say, with this scenario, nobody is complaining!

We hope all of of you have remained safe and healthy. Fortunately, we don’t personally know anyone who has contracted the virus, indicative that we are at least keeping our numbers in check. Be cautious as you begin to move forward and use common sense in your daily approach, but move forward we must. Happy collecting, and we look forward to seeing each of you again in-person. Hopefully, that day will be in the very near future!

Things on the homefront are pretty much unchanged. Every week we thank our lucky stars, that throughout this pandemic, we have been able to come in our office and service our customers. As we alluded to earlier, shops have not had the same luxury. The coin market, even amidst all of the present challenges, seems to be very strong. Coin dealers are a resourceful group and collectors are a  dedicated one, creating the numismatic perfect storm. Many of our peers have turned their attention to bullion. Physical gold and silver still appear to be short in supply relative to demand. Much of the price movement in metals is a byproduct of speculative paper trades. If each investor that owned a position in the metals markets was to cash out simultaneously, there would be a run on physical metals. In anticipation of this scenario, precious metals premiums have become significant, causing some coin dealers to stray from their traditional business models. We have taken the low road and opted to stay the course. The collector demand for quality numismatic material is also still there, but now with fewer dealers to service it.

The sourcing challenges created by the absence of shows and restrictions on travel are still very real. We are maintaining our aggressive in-house buying campaign, starting with our customer base. If you have any quality individual coins or even an entire collection that you are considering selling, please contact The Reeded Edge. Our need to buy is ongoing, and we don’t see that subsiding anytime soon.

Finally, we hope that everybody is safe and healthy. More so than ever, we are looking forward to when we can see you in-person, and extend our gratitude for your patronage throughout this crisis. We are optimistic that day is not too far off!

Servicing the collector continues to be our priority. Coin sales are as strong as ever, with more expensive material meeting little resistance. This holds especially true for fresh, off-the-market coins.  We have also noticed a preference towards coins housed in older PCGS/NGC holders, as well as those with CAC stickers. Cheaper coins are also finding new homes quickly, indicative of an underlying strength at all levels of the coin market. What has been impacted negatively are coin shows and retail shops across the country, both of which have been forced to close. We are hoping that all of these disruptions become yesterday’s news very soon.

The Reeded Edge’s office sales remain active with many parcels shipping daily. This is encouraging, especially when we consider the alternative. But, it would also be remiss not to mention an emerging trend towards cheaper coins. This is not to imply that we aren’t selling better coins, as well; they just represent a comparatively lower percentage of our overall sales. Talking to dealers daily, we hear the same question a lot. So, what is selling? That really is the ten thousand dollar question, and there is no simple answer. From our perspective, 20th century collector coins still seem very strong. Since the run up in bullion, we have also noticed a resurgence in larger U.S. gold coins. Silver dollars, a numismatic stalwart, remain steady. There are numerous other other areas and series that are also selling, albeit a bit more sporadically. We have always professed that adversity creates opportunity, and the present coin market is no exception. Historically important series such as half cents, two cent pieces, three cent pieces (both nickel and silver) and half dimes are presently slow. These are all areas that are ripe for a turnaround, and the savvy numismatist may want to give one or more of these a serious look. There is an old saying, A rising tide floats all boats. Popular coins always garner an audience, but coins a little out of favor are perhaps the real value in the marketplace. It is worth mentioning that we have not shied away from any of these series. In our 31 years of full-time numismatics, we have seen just about every coin cycle in and out of favor. It’s only a matter of time before today’s dark horses become tomorrow’s treasures.

Our need to buy FRESH coins continues daily. If you have valuable singles or even an entire collection that has been off of the market for a considerable time, we have money to spend. Over the last month, we have become largely dependent on customers like you for sourcing material. Perhaps this will become our emerging business model moving forward.

Although none of us know with any certainty what the future holds, we believe it will be different. Just like 9-11 redefined how we functioned in daily life, this chapter in history will also have its impact. Collectors like you have demonstrated that you’re not going anywhere. How we reach you is however, is changing, and will probably continue to evolve. For the time being, we hope that everybody is healthy and staying safe. We believe that better days are ahead for all of us.

On the other end of the spectrum, would be the acquisition of intrinsic coins, bars and rounds struck in precious metals. Often, these are purchased as an insurance policy, providing us with a sense of security, while protecting our beloved coins or other valuable assets. Ask yourself this question. If coins and metals both doubled in value tomorrow, which would you sell? Invariably a few of us might sell our coins, but we believe many more would opt for their metals.

Here is a very simple concept. Most people take decisions in life for one of two reasons: to derive pleasure or to avoid pain. Think about some of your daily decisions. You pay down debt, because the stress of debt is painful. You obtain insurance to protect yourself or others against unforeseen negative events and consequences. You stop at a STOP sign or traffic light to avoid an accident. All of these are everyday examples of how we avoid pain. Conversely, paying somebody a compliment, waxing your automobile and buying a coin for your collection are all different ways we might derive pleasure.

Purchasing that 1932-D Washington Quarter to finish your set is not the same as stashing a Krugerrand in your safety deposit box. The quarter gives you material pleasure, while the K-rand provides economic security. Parting with our coins is painful; It creates a void, and is something most of us would not choose to do. Parting with bullion is likely much less painful. For many of us, our bullion simply represents a rainy day slush fund, providing economic security for uncertain times.

Fast forward to current world circumstances, which are unprecedented. Many of us now find ourselves in a position where we must prioritize life choices. Interestingly, a new numismatic trend seems to be emerging; or maybe it’s not that new at all? Amongst coin collectors, it is very apparent that their hobby still ranks high in the pecking order. While we could have witnessed a decline in both valuations and interest in collectible coins, neither has occurred. On the flipside, gold, silver and other precious metals have predictably rallied. We have even noticed a few collectors selling their precious metals to fund their collections, illustrating an interesting example of the pain-pleasure concept mentioned above.

Whatever your motives, The Reeded Edge is here to help. Some people believe we are not an essential business, although many of our customers would disagree. Our dedicated employees feel we are quite essential, and have been on the frontline, allowing us to remain open from day one. We understand that access to market resources has become limited, which is why we are here to both answer questions and fill your orders. Whether your need is rare coins or bullion, we can help you out with either. Please reach out to Rob or Robbie to discuss your needs or concerns at any time. Material pleasure and economic security, although not the same, really can walk hand in hand. The guys probably understand that notion as well as anyone.

The coin market seems to have weathered the storm well. Perhaps this is a result of collectors staying at home and working on their collections. In addition, metals markets have remained strong with the demand for physical gold and silver as high as any in recent memory. We have also noticed a consorted effort on the part of the dealer community to support one and other through these uncertain times. Admittedly, we are are a resilient bunch, but none of us have ever been tested like this before. Hopefully, at the end of the day, the numismatic hobby will emerge, bigger, stronger and on more solid footing than ever before. As we have said often during this crisis, we remain cautiously optimistic for all of the above!

Most people believe that better times are ahead. A good many also believe those times are not far off. Coin collectors seem a bit more optimistic, as we have seen little drop-off in their purchasing patterns. This is an encouraging sign, especially for those of us who make our living as professional numismatists. The Reeded Edge has been lucky enough to remain open throughout this pandemic. Thankfully, our employees have all retained their jobs. Orders continue to get processed, and business is getting done. The feeling is admittedly different, but then these are unprecedented times. The status quo is a HUGE victory, and we never lose sight of that.

Yes, there are many associated inconveniences which make day to day business more challenging. Banking, shipping and receiving have all have been affected to some degree. Coin shows have been cancelled well into the summer months, and retail coin shops around the country remain closed. Our traditional supply chains have all but dried up. Human ingenuity is a wonderful thing, especially when duress requires it’s immediate deployment; Adversity really does spawn creativity. With the help of all of our staff, we have begun to implement our Pandemic Plan B. This is dictated more by circumstance then design. The first element of this plan involves actively soliciting our customers for coins that we have sold them over the last 3 decades, many of which have gone up significantly in value.  This accomplishes two things: Most obviously, we are buying new coins from new sources and keeping the shelves stocked. Equally as important, this gives us an opportunity to reach out to old friends and catch up, while in many cases, providing needed funds at a vital time. Another aspect we are really emphasizing is increasing our email and snail-mail presence. This especially applies to clients that we previously interacted with in-person. Finally, we are spending many more hours on the phone. For the same reasons stated, the phone has taken the place of face to face meetings.

Some people are wondering if this business climate is the new norm. We really don’t believe that to be the case. Adversity always passes, and prosperity usually returns. We don’t believe the current situation will be any different. The wild card is always when?  We don’t know the precise answer, but really believe it will be soon.

There are positive aspects to what we are going through, but sometimes one has to look through the clouds to see them. The landscape of how we do business has changed quickly and dramatically, but fortunately the business itself has not. Again, there should come a day soon when we will see the traditional numismatic marketplace return. Like everyone else, we continue to monitor this fluid situation one day at a time. Stick with us as we navigate these uncertain waters together. The Reeded Edge is here to address all of your numismatic needs, and you have our unconditional promise, we will continue to do so. Feel free to communicate with us about anything on your mind, and most importantly, please stay safe!