The Reeded Edge Heads to Central States
April 21, 2017 - It's that time of year again, as the guys get ready to head to Schaumburg, IL for The Central States Numismatic Convention. This is one of the preeminent spring coin shows. Things get under way with dealer set-up on Wednesday, April 26th, and public hours commencing on Thursday, April 27th, then concluding on Saturday, April 29th. With the very healthy coin market coming out of the first quarter, we are expecting good things from this show. If we come out of Central States with the market firing on all cylinders, it could bode very well for the next quarter. The coin market is a small entity, and is dramatically impacted by positive dealer and collector perceptions.
Both Rob and Robbie will be on hand at Central States, located front and center at their usual table #1401. Just look for their large BUYING, BUYING, BUYING sign visible from most vantage points on the bourse floor. The guys will have an extensive inventory of certified, U.S. collector coins, ranging from copper through gold. Included are hundreds of new coins bought in the office over the last several weeks. To say that we have been active on the home front, would be an understatement!
As always, The Reeded Edge remains focused on BUYING. We continue to seek out all worthwhile numismatic material. If you have any fresh or interesting coins for sale, please either stop by table #1401 at Schaumburg or call Robbie's cell @ 301-876-1332, or Rob's cell @ 240-422-0118. The guys love fresh material and our aggressive offers will definitely reflect that!
Our Thoughts on Reselling Auction Coins
April 13, 2017 - We wanted to take a moment to discuss a very important part of our business plan. In the coin business, we are judged by our peers in a number of different areas including the diversity and scope of our inventory, our expertise in the field of numismatics, and perhaps most importantly our integrity and honesty. For these reasons and others, we have made the commitment to never knowingly re-sell coins sourced from public auctions. There are some very important reasons for this, all inter-related to the above referenced public perception. For starts, we like to believe that our 30+ years in business has established a foundation, or as we prefer to call it, a feeder network, a nucleus of fellow numismatists who have become our supply chain. These proprietary sources are the result of hard work and dedication in forging lasting relationships. In our estimations, our customers are not only paying us for our coins but also our knowledge and insight. It is hard for us to justify merely acting as an agent, farming coins from auction and moving them to a retail environment. Everybody has access to numismatic auctions. They are online and well exposed. If you have a smart phone, tablet or computer these days, you have a direct path to the auction venue. Consequently, almost anybody and everybody has the ability to purchase coins from auction if they so desire. There is nothing exclusive about it, and more importantly, the role of a professional numismatist in the process is often not necessary. Sure, sourcing coins from private parties is a far greater challenge. But, when it is time to sell your coins, which scenario would you rather have: a collection of coins fresh out of the woodwork, or coins which have auction history with associated published prices realized and a ceiling to what they potentially could be worth? Again, when you purchase a coin from The Reeded Edge, you are purchasing more than just the coin. Along with it, comes the peace of mind that your acquisition is fresh to the market, and more than likely resurrected from a collector much like yourself. Fortunately, there are still enough coins in private hands to make this a viable approach for us. We know that there are some collectors, and even more dealers, that take exception to this approach; but it has worked for us and allowed us to garner a loyal and growing customer base. We think it works for them, as well!
Discount Coupons on the Webstore
April 13, 2017 - Recently, The Reeded Edge suspended the use of 10% off coupons in lieu of a system of net pricing. Through the feedback of our customers, we found that most people preferred discounts to be everyday rather than exclusionary. Consequently, we lowered prices throughout the store and did away with the coupons. We did not anticipate the fallout from the customers still holding 10% coupons which were no longer valid. As a compromise, we will continue to honor these coupons and apply a 5% discount rather than no discount at all. Simply enter your existing code at checkout and your discount should apply. The net result is that you will be buying coins cheaper than ever. The Reeded Edge has always prided ourselves on offering great coins at fair prices. Our new pricing structure should definitely reinforce this concept. PLEASE NOTE: If you have any problems applying discount coupons, either call our office @ 301-724-0400 and talk to our IT Manager, Ray Hunt, or email Ray directly, firstname.lastname@example.org.
Important News for all of our Customers Who Sell on eBay
Feb 28, 2017 - eBay sent a notification to all sellers today of a fee increase effective May 1, 2017. This is a significant increase amounting to almost 10% for top-rated sellers, and approximately 4% for all others. In addition, coins and currency which are presently charged a 6% final value fee for fixed-price listings, will increase to a 6.15% final value fee. To get a complete explanation of these additional fees and increases, please click HERE. We urge everyone who sells on eBay to voice their displeasure at these increases. The more people that CALL or write in to eBay, the more apt eBay may be to change this new policy. We can not over-emphasize how important it is for your voice to be heard!
Highlight New Purchases
- 1787 Fugio, States United, 4 Cinq, PCGS MS-64 RB - Lovely pastel luster with a rich glow.
- 1797 Half Cent, 1/1, Plain Edge, NGC VF-30 - Really attractive, original, problem-free example.
- 1806 Draped Bust Half Cent, Sm 6, No Stems, PCGS MS-61 BN - Original, lustrous BROWN UNC; Underrated!
- 1827 Large Cent, PCGS MS-62 BN - Original and wholesome.
- 1849 Large Cent, PCGS MS-65 BN - A lovely, light brown GEM; even though this is a later date, it's not at all common in GEM.
- 1867 Indian Cent, PCGS MS-65 BN - A pretty GEM with pastel undertones and ample mellow RED.
- 1873 Indian Cent, Open 3, PCGS MS-66 RB - Stunning coin with rich luster and pristine, mark-free surfaces.
- 1877 Indian Cent, NGC AU-53 - Chocolate brown with nice detail and minimal wear.
- 1878 Indian Cent, PCGS PR-66 RB - Very nearly full RED and almost a CAMEO; PQ!
- 1886 Indian Cent, PCGS MS-64 RD - Bright RED and fiery hindered in grade only by some obverse spotting; RARE in full RED!
- 1886 Indian Cent, Variety 2, PCGS PF-65 BN, CAC Approved - Dusky original brown with pastel undertones.
- 1909-S VDB Lincoln Cent, PCGS MS-64 RB - Original wood grain toning with strong underlying luster.
- 1910-S Lincoln Cent, PCGS MS-66 RD - Original, smooth orange-red surfaces and really superb!
- 1928 Lincoln Cent, PCGS MS-67+ RD - A really superb, blazing red example; not at all common in this state of preservation!
- 1940 Lincoln Cent, PCGS PR-67 RD - Conditionally RARE and unimprovable; a headlight!
- 1972 Lincoln Cent, Doubled Die Obverse, PCGS MS-66 RD - Blazing orange GEM!
- 1864 Two Cent Piece, Large Motto, PCGS MS-65 RD - Original orange with GEM surfaces.
- 1865 Two Cent Piece, PCGS MS-65 RD - Mellow, original red and attractive. Fiery on the reverse.
- 1867 Two Cent Piece, PCGS MS-65 RD - Original with pronounced luster and an interesting heavy die crack in the center of the shield. Scarce, underrated date in full RED.
- 1873 Closed 3 Two Cent Piece, PCGS PR-64 BN - Original deep brown, reflective example with blue highlights.
- 1858 Three Cent Silver, NGC MS-66 - Jet white and semi-prooflike GEM with heavy die clashing evident.
- 1866 Shield Nickel, PCGS MS-64 - Satiny white, choice example of this popular two-year type.
- 1883/2 Shield Nickel, PCGS AU-55 - Original off-white example with die cracking evident.
- 1913-S Buffalo Nickel, Ty II, PCGS MS-65 - Original GEM example of this key date with orange and green overlays.
- 1914-S Buffalo Nickel, PCGS MS-65 - White and well struck GEM.
- 1920-S Buffalo Nickel, PCGS MS-63 - An honest, choice example of this elusive condition rarity.
- 1925-S Buffalo Nickel, PCGS MS-62 - A surprisingly tough coin to locate in this grade with a better-than-average strike and mellow, golden luster.
- 1795 Flowing Hair Half Dime, PCGS AU-53 - Lustrous off-white and attractive for the grade.
- 1839 Liberty Seated Dime, No Drapery, PCGS MS-64 - Deep gold original toning with muted blue highlights.
- 1867 Liberty Seated Half Dime, PCGS PR-62 - Pretty pastel toning with a cameo obverse.
- 1868 Liberty Seated Dime, PCGS MS-64 - Satiny white and basically untoned; Pop 14 at PCGS with a mere 9 finer.
- 1926-S Mercury Dime, PCGS MS-64 FB - Original white w/ toning interspersed and a crisp, sharp strike.
- 1875-CC Twenty Cent, PCGS AU-55 - White and looks uncirculated at arm's length.
- 1868 Liberty Seated Quarter, PCGS MS-63 - An original toned example of this notoriously RARE date.
- 1874 Liberty Seated Quarter, PCGS PR-63, CAC Approved - Deep gunmetal grey fields contrast against lighter devices.
- 1876-CC Liberty Seated Quarter, PCGS MS-66 - Breathtaking pastel toning with rich satiny luster & pristine surfaces; Impressive example!
- 1877-CC Liberty Seated Quarter, PCGS MS-64 - Old gold clinging to the peripheries and devices w/ lustrous centers.
- 1917 Standing Liberty Quarter, Ty 1, PCGS MS-66 FH - An original GEM example of this popular type coin.
- 1917-S Standing Liberty Quarter, Ty 1, PCGS MS-66 FH - A white untoned example of this elusive date with pristine, mark-free fields.
- 1918/7-S Standing Liberty Quarter, PCGS AU-50 - Mottled gold toning with much luster remaining.
- 1923-S Standing Liberty Quarter, PCGS MS-64 - Original, toned GEM with a crisp and nearly full strike (save for the head).
- 1936 Washington Quarter, PCGS PR-65 - Original, white GEM example of this first-year proof.
- 1794 Flowing Hair Half Dollar, PCGS VG-10 - Very scarce in any grade, this is one of our country's first regular silver issue coins, and as such, is highly coveted.
- 1805 Draped Bust Half Dollar, PCGS XF-40 - A deeply toned, evenly struck and problem-free example.
- 1807 Capped Bust Half Dollar, Small Stars, NGC AU-58 - Much luster remains on this nearly uncirculated example; tough coin to locate in this grade!
- 1814 Capped Bust Half Dollar, E/A, Overton-108a, PCGS AU-55 - White and virtually mint state, this is a prohibitively tough variety to find in such a high grade.
- 1819/8 Capped Bust Half Dollar, Small 9, NGC MS-63, Ex-Colonel Green - Magnificent toning and choice surfaces, this example is priced well-south of what it realized in auction 3 years ago.
- 1838 Capped Bust Half Dollar, PCGS MS-63 - Pretty golden toning and very attractive.
- 1853-O Liberty Seated Half Dollar, PCGS MS-63 - Here is another conditional rarity from an unprecedented run of scarce quarter and half dollars; this one is toned in a combination of gold and muted pastels.
- 1855-S Liberty Seated Half Dollar, Arrows, PCGS AU-50 - As was the case with most San Francisco coinage of this period, this date was used in commerce and most examples are heavily circulated; Prohibitively RARE in AU!
- 1889 Liberty Seated Half Dollar, PCGS PR-66 - They don't get much more original or attractive than this toned proof GEM!
- 1894-S Barber Half Dollar, PCGS MS-64 - Deeply toned and wholly original.
- 1906-S Barber Half Dollar, PCGS MS-64 - With just 41 examples graded MS-64 and a mere 23 higher, this date is much tougher than one might think; Lovely mottled toning with rich underlying luster.
- 1916-S Walking Liberty Half Dollar, ANACS MS-64, OWH - Deeply toned, original choice example.
- 1918-S Walking Liberty Half Dollar, PCGS MS-64 - A better than average strike for this notoriously weak issue. Golden and iridescent mottled toning adorn the surfaces with well-defined underlying luster.
- 1929-S Walking Liberty Half Dollar, PCGS MS-65 - Original white with vivid gold on the peripheries.
- 1938-D Walking Liberty Half Dollar, PCGS MS-65 - A blast-white GEM, just what most the collectors want!
- 1796 Draped Bust Dollar, Small Eagle Reverse, NGC VF-30 - Golden toning and evenly struck.
- 1798 Draped Bust Dollar, Heraldic Eagle Reverse, PCGS XF-40 - Original old-gold, envelope toning.
- 1799 Draped Bust Dollar, Heraldic Eagle Reverse, PCGS XF-40 - Muted gold toning and well struck design elements.
- 1803 Draped Bust Dollar, Heraldic Reverse, Large 3, PCGS VF-30 - Off-white with old gold clinging to the devices.
- 1842 Liberty Seated Dollar, PCGS AU-58 - Attractive example with fresh luster and interspersed gold toning.
- 1844 Liberty Seated Dollar, PCGS AU-53 - Medium gold with vibrant luster still evident, especially in the protected areas.
- 1847 Liberty Seated Dollar, NGC MS-61 - A wholly original, and attractive, lightly-toned example; the reverse is really choice!
- 1848 Liberty Seated Dollar, PCGS MS-63 - Totally original, choice mint state example of this ridiculously under-valued date. One of our highlight coins, and for good reason!
- 1865 Liberty Seated Dollar, PCGS AU-58 - Off-white and lustrous with just a blush of gold on the obverse; A scarce Civil War date that is always in demand.
- 1878-S Trade Dollar, PCGS MS-64 - Satiny luster with pretty envelope toning and only a mark or two away from full GEM.
- 1880 Trade Dollar, PCGS PR-64 - Deep blue with other underlying colors, this original PROOF ONLY date is fresh and new to the market.
- 1879 Morgan Dollar, PCGS PR-65 - Lovely deep pastel toning over pristine surfaces; a real GEM!
- 1883-O Morgan Dollar, PCGS MS-66+ - Although common in lower grades, that is not the case with this superb, white GEM. To get any finer would be $3000, and a probable LONG wait!
- 1884 Morgan Dollar, PCGS MS-66 -Breathtakingly beautiful with an arch of splendid toning over 40% of the obverse.
- 1886-O Morgan Dollar, PCGS MS-62 - Shimmering luster and choice for all intents and purposes; PQ!
- 1886-O Morgan Dollar, PCGS MS-63 - Choice and original white, well struck example of this conditionally RARE date.
- 1889-CC Morgan Dollar, PCGS AU-50 - Light grey coloration with luster in the protected areas.
- 1891-CC Morgan Dollar, PCGS MS-64 - Shimmering white and well struck, just the way Morgan collectors like them.
- 1891-O Morgan Dollar, PCGS MS-65 - A conditional rarity, and this white original example is a true GEM!
- 1892-O Morgan Dollar, PCGS MS-65 - A real GEM that is well struck, fresh and attractive, unlike most residing in MS-65 holders. This is what a GEM 92-O should look like!
- 1892-S Morgan Dollar, PCGS AU-55 - Original and un-scrubbed like most 1892-S dollars at this grade level.
- 1894 Morgan Dollar, NGC MS-62 - Fresh, silvery example of this low-mintage, key-date.
- 1896-O Morgan Dollar, PCGS MS-62 - White and original example of this conditionally scarce date.
- 1896-S Morgan Dollar, PCGS MS-63 - Basically white, choice example of this semi-key date.
- 1896-S Morgan Dollar, PCGS MS-64 - Lustrous white and mark-free; nice example of this better-date!
- 1899 Morgan Dollar, PCGS MS-66 - Pretty, tab-toned 1899 Morgan, with mark-free, GEM surfaces.
- 1927 Peace Dollar, PCGS MS-65 - Original white with a gold cast and pristine surfaces.
- 1853-C $1.00 Gold, Type 1, PCGS AU-55 - An attractive, well struck example.
- 1843-C $2.50 Liberty Gold, PCGS AU-50 - Original with deep orange clinging to the device.
- 1847 $2.50 Liberty Gold, "Bass" pedigree, NGC MS-60 - Lustrous with deeper orange, original skin.
- 1908 $2.50 Indian Gold, PCGS MS-64, CAC Approved - Satiny GEM with great originality.
- 1914-D $2.50 Indian, PCGS MS-64 - Near-GEM example with rich luster and choice surfaces; Really RARE in GEM.
- 1854-O $3.00 Gold, PCGS AU-50 - Softly struck with subdue luster which is typical for the date.
- 1839-C $5.00 Liberty Gold, PCGS AU-53 - The highest grade example of this rarity that we have had in some time.
- 1847-C $5.00 Liberty Gold, PCGS VF-30, CAC Approved - Well struck and original with luster traces in protected areas.
- 1854-D, Large D, $5.00 Liberty Gold, PCGS VF-35, CAC Approved - 100% Original and nicer than most coins that we see in XF holders.
- 1909-D $5.00 Indian Gold, PCGS MS-65 - Blazing luster and nice freshness, these have never been cheaper in MS-65.
- 1839/8 $10.00 Liberty Gold, PCGS XF-45 - A wonderfully original and wholesome example of this popular, first year type.
- 1843 $10.00 Liberty Gold, PCGS AU-50 - A very rare date and seldom encountered in ANY grade.
- 1914-D $10.00 Indian Gold, PCGS MS-63 - Choice example of this slightly better date.
- 1852-O $20.00 Liberty Gold, Type 1, PCGS AU-58 - Semi PL and oh-so close to UNC; RARE & desirable!
- 1864-S $20.00 Liberty Gold, Type 1, NGC AU-53 - Fresh and very lustrous for the assigned grade.
- 1874 $20.00 Liberty Gold, PCGS MS-61 - Really nice with ample frost and freshness to perhaps suggest a higher grade.
- 1877 $20.00 Liberty Gold, PCGS MS-60 - Flashy and very lustrous, held back in grade by numerous small contact marks.
- 1922-S $20.00 St. Gaudens Gold, PCGS MS-63+ - Flashy and fresh example of this scarce date Saint.
- 1925-S $20.00 St. Gaudens Gold, PCGS AU-58 - A true slider that would look just as at home in a MS-61 holder; One of the scarcer date $20.00 Saints.
- 1847 Hawaiian Cent, PCGS MS-62 - Pleasant brown coloration with choice surfaces.
We do NOT protect the guilty!
March 9, 2017 - This goes out to the few of you that think it's OK to abscond with our coins, money or both. NEWS FLASH - This is called stealing, and will not be tolerated. We want to let our position on this type of activity be known. First, we will prosecute you to the full extent of the law. Second, will NOT protect your identity. We believe that if you steal from us, you will probably steal from one of our fellow dealers, as well.
We will leave this message posted for 30 days, giving the guilty parties a chance to resolve your obligations and do the right thing. After that, your name(s) will be displayed publicly, and we will take any and every legal recourse available to us. Fortunately, there aren't many of you out there. But for those of you where the shoe fits, be forewarned!
The Reeded Edge Launches our 6th Annual Toys for Kids Christmas Celebration with The Salvation Army
Reprinted from July 5, 2014 (and we believe, it still holds true today) - 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.