Weather Turns Nice as Coin Market Quiets
May 24, 2016 - As we said last week, there really are no surprises with the coin market. Almost every year at this time, things come to a virtual standstill. That present situation has been further compounded by the God-awful weather that we have endured over the last several weeks. Well, Mother Nature has finally smiled favorably on much of the country, and guess what is the last thing on most folks minds? If you answered numismatics, you probably are not too far off the mark. This current market swing is cyclical, totally expected and not the least bit concerning to any of us here at The Reeded Edge. The underlying strength that has sustained the coin market up to this point, in our opinion, is still present. It will certainly will be tested further in the weeks to come. With the D. Brent Pogue Collection Part IV Sale taking place tonight, and a host of coin shows including Long Beach on the horizon, the coin market is going through a true litmus test period.
Speaking of Pogue, two world class rarities will be crossing the block this evening, the only 1822 Half Eagle in private hands and the Childs 1804 Silver Dollar, which is by far, the finest known example of this legendary coin. Obviously, these two coins, and most of the other Pogue coins for that matter, are well outside of our area of specialization. But, we are paying close attention to their sales nonetheless. We expect that these two coins will create enormous buzz tonight when they sell, and we are expecting nothing short of mind-blowing prices realized. This could and should bode well for the hobby as a whole. We certainly suffer the consequences of any negative press, so it will be nice to reap the benefit of some potentially very positive news. By the time you read this, the sale will probably be past history and the giant questions of who and how much will both be answered.
Our Summer, 2016 show schedule is now posted. Most of you will notice that it is a bit lighter than previous years, due in part to the disappearance of several of our regular smaller venues. We can think of 3 shows right off the bat that either no longer exist, or exist in such a marginal way that we no longer can afford to support them: Hagerstown, MD (twice a year), OCE in the greater Cleveland area (3 times a year) and the Vienna Coin Show, Vienna, VA (4 times a year). Unfortunately, this is a trend that is occurring throughout the country as coin clubs struggle with reduced membership, show organization and management experience challenges, and perhaps most importantly, dealer and collector attendance dwindles. The net result is that we are choosing our shows more selectively, concentrating on the larger national venues.
This week that will entail processing many new PCGS grading returns, including some pretty scarce pieces. All genres are represented including early copper, type, silver dollars and gold. Be on the lookout for many new coins on our webstore throughout this week.
Buying still remains a priority. Our open checkbook policy is in full effect just as if we were at a coin show; please consider giving us first shot on any fresh, raw or certified coin deals. We love fresh coins, and our offers will definitely reflect that!
Baltimore Magic Continues!
April 4, 2016 - The Baltimore Coin Show is one venue that both Rob and Robbie really look forward to. This is irrespective of market conditions. There is a good reason for this; Baltimore just works! Last week's show was no exception. Once again, Baltimore got the crowds through the door, and perhaps more importantly, the quality of the attendees was about as good as it could get. There seemed to be very few browsers in the room. We heard a few disgruntled dealers infer that the public wasn't buying, and nothing could have been farther from the truth. Perhaps they were not doing any business with these particular dealers, but we would argue most people were in fact buying, and in some cases, aggressively. Conversely, there were also many interesting items entering the bourse floor which were for sale, some of which ended up at our booth. Our table was a center of non-stop buying and selling activity for the entire 3 days, with customers double-stacked for much of the time. Our super-secret, ace sales teams were canvassing the pre-show trading room and bourse floor for five solid days selling coins on our behalf, as well. It was a good thing, as both Rob and Robbie were glued to their booth from the opening bell until the close of business on Saturday afternoon. In all, The Reeded Edge conducted almost a third of a million dollars worth of business while at Baltimore, not bad for what many consider to be a tentative market; at this juncture, we have a bit more optimistic outlook than that! Overall, we could not have been happier with the overall results, proving once again that Whitman runs a fantastic coin show.
This week, we will be featuring one of our largest new purchase groups of certified U.S. coins for sale since last summer's ANA show. To say that we were aggressive buyers in Baltimore is probably a gross understatement. And, that's not to infer that we will be letting up anytime soon, even in the absence of another show until Central States at the end of the month. The Reeded Edge will continue their open checkbook policy, buying any and all worthwhile numismatic material. Please offer us first shot on fresh, original coin deals, as you will find us very aggressive, especially for the right material. Please call our office @ 301-724-0400, Rob on his cell @ 240-422-0118, or Robbie on his cell @ 301-876-1332. Alternatively, you may e-mail us using the Sell Your Coins link above. We have a tremendous appetite for rare coins, and we don't see that situation changing anytime soon.
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.
Highlight New Purchases
- 1795 Talbot Cent, PCGS MS-62, CAC Approved - Very attractive proof-like surfaces radiate through the chocolate-brown patina.
- 1797 Half Cent, 1/1, Plain Edge, NGC F-12 - Even, pleasing color and a nice planchet.
- 1861 Indian Cent, PCGS PR-64 - A highly reflective, fresh example from DP-2; one of the rarest of all PROOF Indians.
- 1910 Lincoln Cent, PCGS PR-64 RB - Original light tan surfaces with satiny luster.
- 1914 Lincoln Cent, PCGS PR-65 BN - Mellowed red surfaces with a really pretty, glossy "look"; a true GEM!
- 1940 Lincoln Cent, PCGS PR-64 RD CAM - A very rare date in CAMEO, and this example is quite nice.
- 1869 Shield Nickel, PCGS MS-65 - A nice, original GEM with fresh satiny luster.
- 1871 Shield Nickel, PCGS PR-66 - Lustrous original white with abnormally nice "pop" for this normally deficient issue.
- 1914-S Buffalo Nickel, PCGS MS-65 - Thick, rich luster with a crisp full strike.
- 1917-D Buffalo Nickel, PCGS MS-64 - Lustrous and well struck.
- 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.
- 1929-S Mercury Dime, PCGS MS-66+, CAC Approved - Originally toned GEM with vibrant underlying luster.
- 1942/1 Mercury Dime, PCGS AU-55 FB, CAC Approved - Original with strong underlying luster.
- 1944-S Mercury Dime, PCGS MS-67+ FB, CAC Approved - The ultimate 1944-S Mercury Dime, with shimmering luster and vibrant gold toning; absolutely beautiful!
- 1839 Liberty Seated Quarter, No Drapery, PCGS AU-50 - Attractive gold toning on the obverse with an original white reverse.
- 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.
- 1918/7-S Standing Liberty Quarter, PCGS AU-55, CAC Approved - White and basically untoned example of this key-date SLQ.
- 1924-D Standing Liberty Quarter, PCGS MS-66, CAC Approved - A white blazer and an absolute headlight!
- 1813 Capped Bust Half Dollar, 50C/UNI, PCGS XF-40 - Heavily clashed with deep original grey color that is more pronounced on the reverse; popular variety.
- 1818 Capped Bust Half Dollar, PCGS MS-63, PQ - Satiny white with great skin and just a touch of peripheral color.
- 1831 Capped Bust Half Dollar, PCGS MS-62 - Original with nice luster, hints of gold and a great look.
- 1844-O Liberty Seated Half Dollar, PCGS MS-62 - Super-fresh and somewhat prooflike; Attractive!
- 1893-S Barber Half Dollar, PCGS MS-63 - Satiny original white and clean example of this key-date Barber Half Dollar with a lightly frosted portrait.
- 1896 Barber Half Dollar, PCGS MS-64 - Original satiny white example of this early-date Barber.
- 1902 Barber Half Dollar, PCGS MS-64 - Totally original with deep russet gold highlights clinging to the devices.
- 1909-S Barber Half Dollar, PCGS MS-62, CAC Approved - Soft white luster and an absence of any serious marks.
- 1913 Barber Half Dollar, PCGS MS-65 - Original with outstanding luster and a gold patina; RARE!
- 1914 Barber Half Dollar, PCGS XF-45 - Light golden overlay on this conditionally tough date.
- 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!
- 1799 Draped Bust Dollar, B-15, BB-152, Irregular Date, 13 Star Reverse, PCGS XF-45, CAC Approved - Crusty and wholesome, original example of this popular 1799 dollar variety.
- 1859-O Liberty Seated Dollar, PCGS MS-61 - A lustrous white survivor from the bags of these dollars discovered in 1950's.
- 1872-CC Liberty Seated Dollar, PCGS AU-55 - Hints of gold on the obverse which is much more pronounced on the reverse, this RARE date also evidences strong, underlying luster.
- 1889-CC Morgan Dollar, PCGS XF-45, CAC Approved - Pretty dove-grey coloration with luster in protected areas
- 1893 Morgan Dollar, PCGS MS-62 - A lustrous white, choice example.
- 1893-O Morgan Dollar, ANACS AU-58 - White, untoned slider in an old white holder.
- 1894 Morgan Dollar, PCGS MS-61 - Satiny white with a crisp, full strike.
- 1894-S Morgan Dollar, PCGS MS-63 - Soft white luster, minimal marks and a sharp strike.
- 1896-O Morgan Dollar, NGC MS-60 - White with far less contact marks than one would expect for the assigned grade.
- 1903-S Morgan Dollar, PCGS MS-64 - 100% white with no marks evident; an arms-length GEM!
- 1903-S Morgan Dollar, PCGS MS-64 - Fresh coin with a trace of gold in the denticles and pronounced luster.
- 1928 Peace Dollar, PCGS MS-65, CAC Approved - Glowing original luster and a true GEM!
- 1934-S Peace Dollar, PCGS MS-62 - Satiny white with a dusky patina and deep toning on half of the reverse periphery.
- 1935-S Peace Dollar, PCGS MS-64 - Blast white and original.
- 1857-C $1.00 Gold, PCGS AU-53 - Well struck example of this difficult "C" mint gold dollar.
- 1897 $2.50 Liberty, PCGS MS-67 - A stunning, superb GEM with immaculate surfaces and luster like a headlight.
- 1889 $3.00 Gold, PCGS AU-58, CAC Approved - An honest slider with pronounced, original luster.
- 1855 $10.00 Liberty, PCGS AU-53, CAC Approved - Refreshingly original and very nice for the assigned grade.
- 1908-D $10.00 Indian Gold, With Motto, PCGS MS-61 - Original with soft, satiny luster.
- 1867 $20.00 Liberty Gold, PCGS MS-61 - Very lustrous and fresh with Liberty's portrait mildly frosted.
- 1867-S $20.00 Liberty Gold, NGC AU-50 - Not as dirty as many of the Euro-examples.
- 1889-S $20.00 Liberty Gold, PCGS MS-62 - Lustrous and fresh example of this slightly better-date $20.
- 1913-S $20.00 St. Gaudens, PCGS AU-58 - A slider example of this popular, low-mintage Saint.
- 1949 P,D.S Booker T. Washington Set, NGC MS-66, CAC Approved - A blast white, matched set of these low-mintage and undervalued coins. Try to find another matched, CAC-approved set!
- 1922 Grant w/ Star $1.00 Gold, PCGS MS-67, OGH, CAC Approved - Radiant orange-gold luster with real pop and unmolested, gem surfaces. PQ!
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.