Post-ANA Coin Market
Market Quiets Before Labor Day Weekend
August 25, 2016 - For many, Labor Day weekend effectively marks the end of the summer season. The period between ANA's conclusion and Labor Day is historically one of the slowest periods of the year for the coin market. Although things are expectably quiet, they are mercifully not slow. We draw that distinction because the two are not synonymous. If your measure of the coin market's health is the number of trades, messages and activity on the electronic networks such as CCE, then one might be lead to believe that things are catatonic. However, quiet and steady activity is taking place under the radar. For the creative dealer that uses all resources at his/her disposal, there is underlying strength to this normally dormant period. We point to our commentary last week regarding the ANA show in Anaheim, and our takeaway is the same. Most dealers complaining about the show are still complaining. Those who experienced a good show are still trading coins. Just as the coins in the marketplace have become very two-tiered in their valuations, the dealer contingent also has layers. The bottom line, and one that we repeat frequently, is that this market is challenging but there is business for those who seek it out.
Next week, Rob and Robbie will be heading to Dublin, Ohio for the Ohio State Coin Show. The guys are excited to be back in eastern Ohio, as this really is one of the nation's hotbeds for collecting. Their 4 table booth will be located right at the main entrance of the large bourse hall. They will have one of the largest inventories of certified U.S. coins in company history, with literally hundreds of new items from the ANA, as well as recent PCGS grading returns. See them early to procure first shot at many of their new purchases. Just look for the giant BUYING BUYING BUYING Reeded Edge mega-sign, and Rob and Robbie should be in very close proximity. Please stop by their table and say hello, as they would love to see you at the show.
Even with all of our ANA new purchases, buying still continues to be a major emphasis here in the office. If you have any fresh or interesting coins for sale, please call either Rob @ 240-422-0118 or Robbie @ 301-876-1332. Better yet, stop by the Columbus/Dublin show next weekend, and offer the guys your coins in-person. We love fresh material, and our aggressive offers should reflect that.
Highlight New Purchases
- 1797 Half Cent, 1/1, Plain Edge, NGC F-12 - Even, pleasing color and a nice planchet.
- 1820 Large Cent, Large Date, PCGS MS-65 BN - Glossy brown with rich luster.
- 1822 Large Cent, PCGS XF-45, CAC Approved - Perfect chocolate brown surfaces with much original mint gloss.
- 1861 Indian Cent, PCGS PR-64 - A highly reflective, fresh example from DP-2; one of the rarest of all PROOF Indians.
- 1877 Indian Cent, PCGS MS-64 BN, CAC Approved - Original brown with much red clinging to the devices.
- 1909-S Lincoln Cent, PCGS MS-65 RB (S/S although not designated) - GEM and almost fully RED.
- 1910 Lincoln Cent, PCGS PR-64 RB - Original light tan surfaces with satiny luster.
- 1914-S Lincoln Cent, NGC MS-65 RB, Old Fatty - Original GEM with no surface distractions.
- 1924-S Lincoln Cent, PCGS MS-64+ RB, CAC Approved - Smooth original, mellowed orange example.
- 1866 Two Cent Piece, PCGS PR-66 RB - Gorgeous coin with pastel overtones.
- 1881 Three Cent Nickel, NGC PF-65, Old NGC Fatty - Pretty multi color toning seldom found on this type.
- 1857 Three Cent Silver, PCGS MS-64, CAC Approved - Originally toned with rich underlying luster.
- 1858 Three Cent Silver, NGC PR-64 - Original white and from a scant mintage of just over 100.
- 1862 Three Cent Silver, PCGS MS-66, CAC Approved - Superb GEM example with stunning cobalt blue and soft-pink toning.
- 1871 Shield Nickel, PCGS PR-66 - Lustrous original white with abnormally nice "pop" for this normally deficient issue.
- 1912-S Liberty Nickel, PCGS MS-64 - Fairly well struck with some obverse iridescence.
- 1921-S Buffalo Nickel, PCGS AU-55, CAC Approved - Well struck, clean example; an unbelievably tough coin to locate.
- 1936 Buffalo Nickel, PCGS PR-64 Satin - Original off-white example with golden overlays.
- 1837 Liberty Seated Dime, PCGS MS-63 - Satiny white with choice surfaces; a nice example!
- 1838-O Liberty Seated Dime, PCGS MS-62 - A RARE choice, mint state example of this first-year New Orleans coin.
- 1880 Liberty Seated Dime, PCGS MS-65, OGH - Pretty original toning interspersed with intense, underlying luster.
- 1898-S Barber Dime, PCGS MS-63 - Satiny white with a wisp of toning, this is an unbelievably scarce date in mint state.
- 1875-S Twenty Cent Piece, PCGS MS-64 - Pretty original luster with just a touch of violet on the obverse.
- 1916 Standing Liberty Quarter, PCGS XF-45, CAC Approved, PQ! - Looking more like an AU-53, this example has a lot of luster and extraordinary freshness.
- 1917 Standing Liberty Quarter, PCGS MS-66 FH - An original toned example with glowing luster.
- 1919-D Standing Liberty Quarter, PCGS MS-63 - White and untoned with an outstanding strike-Scarce!
- 1920-S Standing Liberty Quarter, PCGS MS-65, CAC Approved - A totally original GEM with a much better than average strike.
- 1924-D Standing Liberty Quarter, PCGS MS-66+ - Screaming luster with a touch of toning at the periphery; a headlight!
- 1837 Capped Bust Half Dollar, PCGS MS-61 - Strong luster and looks much better than the assigned grade.
- 1844-O Liberty Seated Half Dollar, PCGS MS-62 - Super-fresh and somewhat prooflike; Attractive!
- 1874 Liberty Seated Half Dollar, Arrows, PCGS MS-63 - Mark-free original white surfaces with just a touch of gold and really choice for the grade.
- 1884 Liberty Seated Half Dollar, PCGS PR-65 - Off-white and lightly cameo; This coin is way too cheap right now!
- 1893-S Barber Half Dollar, PCGS VF-35, CAC Approved - Deep gold and original example of this RARE and undervalued date.
- 1913 Barber Half Dollar, PCGS MS-65 - Original with outstanding luster and a gold patina; RARE!
- 1920 Walking Liberty Half Dollar, PCGS MS-64 - A choice original-white example of this early date Walker.
- 1946 Walking Liberty Half Dollar, Doubled Die Reverse, PCGS MS-66 - Blast-white GEM and one of the finest-known examples of this dramatic doubled die.
- 1948 Franklin Half Dollar, PCGS MS-66+ FBL - Gorgeous mint set iridescence with blazing white luster; this is as about as pretty as a Franklin can get!
- 1967 Kennedy Half Dollar, PCGS SP-68 CAM, SMS - Sparkling white and as deep as any proof imaginable. Wow!
- 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!
- 1801 Draped Bust Dollar, PCGS VF-25, CAC Approved - If only all VF Bust Dollars were this original and pleasing, this series would be on fire again. Really nice quality, especially for the grade.
- 1842 Liberty Seated Dollar, PCGS AU-58 - Satiny, very wholesome and original with minimal wear in the fields; Fresh!
- 1892-CC Morgan Dollar, PCGS MS-63 - Original toned choice example.
- 1896-S Morgan Dollar, PCGS MS-62, OGH - Very fresh and flashy with one prominent counting scuff on Liberty's cheek.
- 1897-O Morgan Dollar, PCGS MS-62 - Original blush of gold on both obverse and reverse with a better-than-average strike.
- 1904-S Morgan Dollar, PCGS MS-64 - A touch of peripheral toning with lustrous white centers.
- 1904-S Morgan Dollar, PCGS MS-64 - White and attractive example of this semi-key Morgan.
- 1921 Morgan Dollar, PCGS MS-66 - One of the most lustrous 1921 Morgan Dollars that we have ever owned!
- 1853 $1.00 Gold, Type I, PCGS MS-64 - Screaming orange-gold luster.
- 1857-C $1.00 Gold, Ty III, PCGS AU-53 - Well struck example of this difficult "C" mint gold dollar.
- 1861 $1.00 Gold, PCGS MS-63, CAC Approved - Satiny luster and refreshingly original.
- 1836 Block 8 $2.50 Classic Head Gold, PCGS AU-55 - Bright yellow with minimal wear.
- 1914-D $2.50 Indian Gold, PCGS MS-63 - Radiant luster and well struck.
- 1878 $3.00 Gold, PCGS MS-62, CAC Approved - Original and flashy with choice surfaces.
- 1916-S $5.00 Indian Gold, PCGS MS-62 - Fresh and lustrous example of this better-date $5.00 Indian.
- 1853-O $10.00 Liberty Gold, PCGS AU-55 - Fairly well struck with ample luster, this is a very RARE date!
- 1857 $20.00 Liberty Gold, Ty I, PCGS XF-45, CAC Approved - Totally original and problem-free.
- 1860 $20.00 Liberty Gold, Ty I, NGC AU-50 - Very lustrous and looks more like an AU-55, PQ!
- 1863-S $20.00 Liberty Gold, Ty I, NGC XF-45, CAC Approved - Another poster child for originality; Nice!
- 1870 $20.00 Liberty Gold, Ty II, PCGS VF-35 - Totally original and unmolested, this is a very scarce date.
- 1873 Open 3 $20.00 Liberty Gold, Ty II, PCGS MS-61 - Flashy example of this popular type coin.
- 1877-S $20.00 Liberty Gold, Ty III, PCGS MS-61 - Flashy, real BU example of this tougher date.
- 1906 $20.00 Liberty Gold, Ty III, PCGS MS-63 - A choice example of this very tough post-1900 date, it is exceeded in rarity by only the 1902-P and 1905-P.
- 1922 Grant/Star Half Dollar, PCGS AU-58, CAC Approved - Original with a light gold patina, PQ!
- 1847 Hawaii One Cent, NGC AU-55 BN - A perfect near-uncirculated example.
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.
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.