Archive for category: Market Reports News

This has been a busy two weeks for us, as we have moved into a new larger office suite. None of our contact information has changed; we are still at the same physical address, albeit with MUCH more space. The whole staff is excited about our new “digs”. If for any reason you felt our service was compromised over the last 2 weeks, the move was probably a contributing factor. Please accept our apologies, and rest assured a sense of normalcy is just around the corner.

This coming weekend, Rob and Robbie will be heading to Northern Virginia for the always-popular Annandale Coin Show. This is one of our favorite local venues, as we have so many friends and associates in this region. With several major new certified coin deals in tow, we should have something at Annandale for just about every collecting taste and budget. Of course, the guys will be aggressively buying, as well. Just look for their famous BUYING BUYING, BUYING wall sign by the front entrance. If you have one interesting coin or an entire collection for sale, Rob and Robbie would love to be your go-to guys. Hopefully, the D.C. metropolitan area will be in your plans this weekend. If so, please consider stopping by The Northern Virginia Community College and taking in this great regional coin show.

Since we are between coin shows, there is not a lot of road activity to talk about. However, we do get a fairly good read on the market from our home office. We are hearing some of the typical summertime blues from the wholesale traders, but that activity (or lack of) is more seasonal than a market bi-product. Our inventory levels are pretty solid, and we feel at this time of year, this is the norm rather than the exception. Hence, the slowdown on the wholesale side. The retail sector is anything but dormant. Sales to collectors have remained strong since the spring. We are coming off of a very solid June and entering July with near-equal momentum. A positive trend that we are noticing is the resurgence in demand for more expensive coins. Prices in many series have been in a downward trend for the last 2-3 years. We may finally see this trend reversing itself. We like what we see going into this summer, and are cautiously optimistic, that the market should remain solid if not even strengthen. Next week’s summer FUN show, and more importantly The ANA World’s Fair of Money in Philadelphia, will both put this theory to the test.

It is that time of year again, as The Reeded Edge will be heading east to The Baltimore Convention Center and the Summer Whitman Coin and Collectibles Expo. Wholesale trading commences tomorrow, as Rob and Robbie will be seeing a host of regular trading partners. Our initial impression from scheduling appointments is that many larger scale buyers are anxious to acquire new coins; we had more than a few firms jockeying for first shot at our inventory. This is understandable, as this is our first major national show since The Central States Numismatic Convention in late April. Rob and Robbie will have upwards of a thousand new certified coins with them, so expectations are running high. Conversely, on the buying side, Baltimore historically has afforded quite a bit of opportunity. The guys will have their usual open checkbook policy which in short means, if you have the right fresh coin(s) or collection, The Reeded Edge wants to be your go-to dealer.  The general public will be admitted Thursday at noon, and The Reeded Edge will be actively doing business through Saturday afternoon. Just look for the BUYING-BUYING-BUYING sign hanging prominently over booth #440 (front and center in the bourse hall), and Rob and Robbie should not be far behind. If you need to reach the guys while at the show, please call either Robbie on his cell @ 301-876-1332 or Rob on his cell @ 240-422-0118. Hopefully, Baltimore is in your plans this week as the guys would love to see you at the show!

We don’t like to play favorites, because truth-be-known, we enjoy all coin shows and interacting with our friends, associates and peers on the road. But, The Raleigh Coin Show does hold a special place in our heart.  Raleigh is a really friendly area of the country. There is a lot of truth to the concept of southern hospitality, and the feeling that it evokes.

Raleigh is also rich in collectors and dealers alike, which is at the heart of any great coin show. Rob and Robbie both agree that when The Reeded Edge travels to Raleigh, good things often happen. This has a lot to do with the demographic make-up of the area. Technology and banking have both been at the core of Raleigh’s exponential  population growth. Once thought of as a blue collar working class city, Raleigh has transformed into a professional area with money to spend.

You will find The Reeded Edge at the front of the bourse hall at their prominent L-table. Just look for the giant BUYING, BUYING, BUYING sign and Rob and Robbie should not be close behind. Since it has been almost a month since our last coin show, there are literally hundreds of new certified coins in our inventory, spanning copper through gold. If you have coins to sell, The Reeded Edge wants to be your go-to dealer. Whether it’s one fresh treasure on a large collection, Rob and Robbie will be maintaining their open checkbook policy throughout the closing bell on Sunday afternoon. The guys will be arriving on Thursday for both dealer and by-appointment trading, and will commence general trading on Friday once the show opens to the public. We certainly hope that this beautiful area of the country is in your plans for this upcoming weekend, as we would love to see you at The Raleigh Coin Show.

HIGHLIGHTS FROM THE LEGEND REGENCY SALE

1942-S Mercury Dime, PCGS MS-68 FB Realized $8812.50

1936-D Rhode Island Half Dollar, PCGS MS-68 CAC Realized $43475.00

1883 Hawaii Quarter Dollar, PCGS PR-67 CAM CAC Realized $61687.50

 

Although we did not attend last week’s PCGS Trade and Grade in New Orleans, the reviews of the show seem to be mostly favorable. Historically, this show, which is smaller in number of attendees but includes several major rare coin firms, is hit-and-miss. The primary reason for the inception of Trade and Grade was to create a small and exclusive venue for the purpose of submitting coins for on-site grading. Throughout the years, PCGS and Collector’s Universe have developed this show into something much more. Now it resembles a mid-size regional coin show with a corresponding auction, and of course, the option of on-site grading. One of our super-secret, stealth salespeople brought coins to New Orleans on our behalf, and did exceptionally well selling them. His/her comment was, “The show was almost equally as good as Central States. It far exceeded my expectations.” The Legend Regency Auction had some equally impressive results, with most lots sold, and many exceeding their aggressive pre-auction estimates. With good reason, we remain positive about the state of the rare coin market. We stand by our observations that this is a collector-dominated marketplace, largely void of  both investors and speculators. Furthermore, although metals have remained somewhat steady, they have by no means been bullish. So, we are also lacking that element and the potential business that it brings to the table.  Yet, the coin market still chugs along, with solid support in almost all areas. This is an encouraging trend, and we see no reason to believe that it won’t continue into the summer months.