The Reeded Edge Returns from Delaware and Northern Virginia Coin Shows
Winter Storm Strands us in Maryland for Long Beach Week
January 27, 2015 - Well, it's that time of year when weather wreaks havoc on travel plans. That is exactly what happened to Rob and Robbie this week as they prepared to head to the west coast for the Long Beach Coin and Collectibles Exposition. In all, over 8000 flights were cancelled on Monday after Winter Storm Juno accounted for large amounts of snow and near-hurricane force winds throughout the mid-Atlantic U.S. Fortunately, we were able to ship coins to an associate for show exposure as well as express submissions for grading. Although we obviously won't be attending Long Beach in-person, we will nonetheless maintain a show presence.
Last week's Wilmington Coin Club Show and Vienna Coin & Stamp Show were both resounding successes, albeit in different ways. Wilmington was a perfectly balanced show with equal sales and purchases. In all, we transacted almost $150,000.00 worth of business, not bad for a small show. Vienna was more lopsided on buying. We spent more than we expected there, with some nice surprises coming from both dealers and collectors. The end result was a slew of new purchases to offer this week on our webstore, as well as many fresh coins to submit for grading. Hopefully, these two active shows were indicators for a numismatically active year. If our preliminary read is on-target, we have a lot of reason for optimism.
Next week, the guys will be parting ways and attending two different coin shows, one close to home and the other in the mid-west. Robbie Jenkins will be heading to The Alexandria Coin Club's Annual Show in Alexandria, VA. Taking place on Saturday, February 7th, this one day show opens to the public between 9AM - 5PM. The show location is at the AMERICAN LEGION POST #176, 6520 Amherst Avenue, Alexandria, VA (just south of the Washington I-495 Capital Beltway
Through all of the ups and downs last year, there has been one constant; The Reeded Edge remains serious about doing two-way business. Whether you're buying rare coins, selling rare coins, buying or selling gold or silver, or perhaps in the market for vintage toys or collectibles, few rare coin and collectibles firms have a greater presence in the marketplace than The Reeded Edge. Our open checkbook policy means that we want to buy anything from a valuable single item to an entire estate or collection. No deal is EVER too large, and we hate to say no. At The Reeded Edge, we really want to be your go-to rare coin dealer.
Please feel free to call our offices during normal business hours @ 301-724-0400, Robbie's cell after-hours @ 301-876-1332 or Rob's cell after-hours @ 240-422-0118 to discuss any matter of business or just tell us how we're doing. And of course, stay tuned for more great coins, along with further details of upcoming coin shows.
A FUN Experience
By Miguel Lopez
The Reeded Edge Launches our 4th Annual Toys for Kids Day with The Salvation Army
December 11, 2014 - This has been a successful year for our company. All of the hard work, both here in the office and on the road, paid dividends with record sales figures. But, it is sometimes easy to get caught up in these personal successes, and forget that there are many amongst us that are far less fortunate. The holidays provide us with the opportunity to give a little something back. The Reeded Edge, once again this year, teamed up with The Salvation Army to sponsor our annual Christmas toy drive. Today's event allowed us to play Santa, handing out wrapped toys to over 40 local grade-school children. The looks on their faces said it all! Perhaps, some of you reading this will be able to help somebody less fortunate this holiday season, as well; from our standpoint, there is no greater reward.
Merry Christmas and Happy New Year to all!
Highlight New Purchases
- 1803 Half Cent, PCGS AU-58, CAC Approved - Glossy brown and virtually choice.
- 1805 Half Cent, PCGS MS-62 BN, CAC Approved - Mottled brown coloration with freshness and luster seldom encountered at this grade level.
- 1857 Half Cent, PCGS MS-62, OGH, CAC Approved - Original brown with hints of RED.
- 1802 Draped Bust Large Cent, S-231, No Stems, PCGS XF-40 - Nice color and originality.
- 1811 Large Cent, PCGS AU-58, CAC Approved - Wholesome and problem-free.
- 1857 Flying Eagle Cent, PCGS MS-63, CAC Approved, PQ! - Lustrous and MS-64 quality.
- 1914-D Lincoln Cent, PCGS AU-50 - A choice example of this key-date with strong underlying luster.
- 1924-D Lincoln Cent, PCGS MS-64 BN - Ample amounts of red poking through with no major marks.
- 1868 Shield Nickel, PCGS PR-65, OGH - Unusual multicolored toning with pastels accents on the shield.
- 1941 Jefferson Nickel, PCGS PR-67, CAC Approved - Absolutely stunning pastel toning on both obverse and reverse.
- 1830 Capped Bust Half Dime, PCGS MS-64 - Original and pretty toning with rich luster.
- 1842-O Half Dime, PCGS AU-50, CAC Approved - Original toning on this very tough date. This is the first example that we have had in many years.
- 1936 Mercury Dime, PCGS PR-65, CAC Approved, PQ! - Gorgeous Fiery red obverse with original deep gold reverse. One of the prettiest 1936 Proof dimes that you will ever see!
- 1939-D Mercury Dime, PCGS MS-68 FB, CAC Approved - Beautiful toning with unbelievable luster; the ultimate Mercury Dime.
- 1876 Twenty Cent Piece, NGC MS-61 - Pretty original toning and very high-end for the assigned grade.
- 1876-S Liberty Seated Quarter, PCGS MS-64 - A wholesome, lightly toned example of this centennial year quarter.
- 1916 Standing Liberty Quarter, PCGS F-12, PQ! - Original and looks VF. Very strong date!
- 1924-S Standing Liberty Quarter, PCGS MS-62 FH - White and untoned with a great strike.
- 1929-S Standing Liberty Quarter, NGC MS-66+, CAC Approved - Blazing luster with reverse toning. Pretty!
- 1892 Barber Half Dollar PCGS PR-67 CAM - Multi color obverse toning and exquisite!
- 1893-O Barber Half Dollar, PCGS MS-61 - Satiny white luster with some toning which is deeper on the reverse. Looks better than the assigned grade.
- 1934-S Walking Liberty Half Dollar, PCGS MS-63 - Original white and flashy.
- 1950 Franklin Half Dollar, NGC PF-64 CAMEO - Very scarce in CAMEO although not overly expensive.
- 1795 Flowing Hair Silver Dollar, 3 Leaves, PCGS F-15 - Off white with gold in recessed areas and traces of luster in the eagle's left wing.
- 1798 Draped Bust Silver Dollar, Heraldic Eagle Reverse, NGC VF-35 - Light grey and totally problem free.
- 1879-CC Morgan Dollar, PCGS XF-40 - Perfectly original & problem-free.
- 1887/6 Morgan Dollar, NGC MS-64 - Flashy white and fresh.
- 1892 Morgan Dollar, NGC PR-65+ CAMEO - Nice contrast and watery fields.
- 1892-CC Morgan Dollar, PCGS MS-63 - White and untoned.
- 1894-O Morgan Dollar, PCGS MS-61 - White and untoned with a decent strike for the issue.
- 1894-O Morgan Dollar, PCGS MS-63 - Frosty and mark-free; looks like a GEM example - PQ!
- 1895-S Morgan Dollar, PCGS MS-64, CAC Approved - White, semi-PL and flashy.
- 1896-O Morgan Dollar, NGC MS-60 - Satiny white with minor bagmarks.
- 1896-S Morgan Dollar, NGC MS-64 - Flashy with a blush of album toning, more prominent on the obverse.
- 1897-O Morgan Dollar, PCGS MS-63 - Satiny white with an absence of major contact marks.
- 1900-O/CC Morgan Dollar, PCGS MS-65 - Very lustrous with good freshness and pop.
- 1901 Morgan Dollar, NGC AU-58 - Lustrous and 100% white with a better than average strike.
- 1901-S Morgan Dollar, PCGS MS-64 - White with a puffy cheek and light peripheral toning.
- 1851-C Gold $1.00, Type 1, NGC AU-58, CAC Approved - Crusty original, well struck and with a strong mintmark.
- 1914-D $2.50 Indian Gold, NGC MS-63 - Flashy, spot-free with great eye appeal.
- 1913-S $5.00 Indian Gold, PCGS MS-61 - An original Euro example of this scarce date with none of the usual high point rub.
- 1908-D $10.00 Indian Gold, PCGS MS-61 - Original with a Euro-look.
- 1910 $10.00 Indian Gold, PCGS MS-63 - Original with soft luster.
- 1910-D $10.00 Indian Gold, PCGS MS-62, CAC Approved, PQ!- Mark-free and appears better than the assigned grade.
- 1911 $10.00 Indian Gold, PCGS MS-63 - Satiny luster and probably from a European hoard. Not common like the 1926 and 1932 dates.
- 1878-S $20.00 Liberty Gold, PCGS MS-62 - Lustrous and a date that you just never see!
- 1882-S $20.00 Liberty Gold, PCGS MS-62 - Nice luster with minor marks limiting the grade.
- 1883-S $20.00 Liberty Gold, PCGS MS-62 - Nearly choice with light-yellow luster.
- 1887-S $20.00 Liberty Gold, PCGS MS-61 - Very lustrous and fresh better-date $20 Liberty.
- 1897-S $20.00 Liberty Gold, PCGS MS-63 - Pronounced luster and only one or two ticks away from a higher grade.
- 1907 $20.00 Liberty Gold, PCGS MS-64+ - A sparkling near-GEM example that is downright RARE any finer.
- 1916 McKinley $1 Gold, PCGS MS-64 - Beautiful orange-peel luster.
- 1870 Standard Half Dollar, J-958, PCGS PR-66, CAC Approved - Beautiful peripheral toning and original GEM surfaces.
Stolen Coin From the Baltimore Coin Show
Sept. 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.
Chicago ANA Extremely Active - Record Number of Invoices Written Over a 10 Day Period
August 12, 2014 - We expected an active week of trading when we left for Chicago nearly two weeks ago. After all, this was The ANA's World's Fair of Money, or in coin show terms, The Big Kahuna. Both preparations and expectations were accelerated for this venue. It is not every show that our bourse area stretched over six tables and was staffed by four people. But then, the ANA was not every show.
From the moment we arrived in the Chicago suburb of Rosemont on Thursday, July 31st, it was evident that the mood of our fellow dealers was both optimistic and upbeat. The summer doldrums were gone as brisk trading ensued. Rob, Robbie and Miguel were slammed from the onset of the PNG pre-show straight through the last day of the main event. Were it not for the additional help of our friend and close associate Arnold Minimen, some of our customers would have gone unattended; It really was that busy! There was absolutely no rest for The Reeded Edge's guys; Between working up new purchases, processing orders, shipping coins and waiting on customers, 12+ hour days were the norm rather than the exception.
Needless to say, after 10 solid days of buying and selling rare coins and collectibles, our inventory has gone through a dramatic shift. Many coins that were featured on our web store, Collector's Corner and eBay were sold, replaced by a new and exciting crop of collector coins. In all, The Reeded Edge did nearly a million dollars of total business. Consequently, you can expect to see many new coins appearing on the store throughout this week.
As for Rob and Robbie, they are going to enjoy a well-needed break with the upcoming weekend spent on the home front. Then, it will be back to the road for a host of late-summer and fall shows. One of the many things that we will be addressing in the next week will be an updated show schedule, so stay tuned.
Finally, we would like to extend a great big thank you to all of our customers and fellow dealers that made this 2014 ANA venue such a success. We were humbled by all of the support and kind words that we received throughout the week. Although this aspect can not be measured in shear numbers, it nonetheless keeps us going and it's what makes this business so worthwhile.
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.
Selling your Coins Online
Selling coins online has been a hot topic lately. There are many coin dealers in cyberspace, various regional phone books, and perhaps even in your home town. So, who do you choose when you have rare coins for sale? This is a complex question with no easy answer, but there are some rules that you absolutely should employ when making this important decision. Perhaps most importantly, who is your prospective dealer and what is his/her credentials? Trade associations, full transparency and strong financial references are all important criteria when making this decision. Look for membership in organizations like the American Numismatic Association (ANA) and the Industry Council for Tangible Assets (ICTA) to name two of the more important trade groups. Everybody who is anybody in the coin business (or any other business for that matter) has a strong web presence in today's day and age. Look for a well developed webstore with an extensive inventory and longevity. All are very important indicators of financial strength and stability. Go to the store's About Me page, and look for additional information on the company and their principals. If this information is hidden or cryptic, you have to ask yourself why. Finally arm yourself with resources. Although there is a LOT of great information online, getting it in a consolidated and concise, usable format can prove very challenging. Here is where a couple of great, time-tested books can be invaluable to you. The Guide Book of United States Coins, or Redbook has been the hobby's standard retail pricing guide since 1947. It is used today as much as ever by collectors around the world. But perhaps your most important single aid in helping you sell your coins for true wholesale prices is The Handbook of United States Coins or Bluebook. Neither of these publications will appear free on a Google search, although both offer online versions for sale.
Whether you are selling gold, silver, rare coins or any other collectible online, you owe it to yourself to do your due diligence. Rare coin dealers are not all the same. Applying some fundamental rules and good common sense to your selling decision can make the experience both pleasant and profitable. Why would you want it any other way?
July 5th, 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.