Gold and Silver Runs & Central States Soars!
This Week, The Reeded Edge Heads to Monroeville, PA for the PAN Show
May 2, 2016 - April came in like a lamb but went out like a lion, due in part to very active metals markets. The enthusiasm in this all-important sector could be felt throughout the numismatic market. Nowhere was this more evident than last week's Central States Numismatic Convention. Most dealers were very aggressive trying to buy material and reload inventories for the spring season. The boost in metals served as an impetus to expedite this process and create a sense of urgency. Both Rob and Robbie were busy non-stop, beginning Monday afternoon when they first arrived in Schaumburg, and culminating when they left the general bourse on Saturday afternoon. The guys had very little time to canvas the floor and shop for coins, resigning them to conducting most company activity at their table. Fortunately, The Reeded Edge has enough of a presence at these major shows that sellers seek us out, making our jobs far easier. It's a good thing that coins were streaming to us for a full 5 days, since our floor time was extremely limited. The selling side of the equation was equally as good for us, with buyers flocking to our table throughout the show. Most of our customers remained patient and tolerant with the constant chaos and activity, allowing us to eventually service them all. Since we were double-stacked at the table for much of the show, we appreciated everybody's understanding; as far as we could tell, nobody left angry or unattended. In all Rob and Robbie conducted almost a third of a million dollars worth of business, no small feat for two guys camped out behind an 8 foot table for 4 days. Overall, we are very encouraged about the market direction; if there was one negative takeaway from Central States, it was the lack of retail buyers at the show. We believe that this has more to do with Schaumburg than it does the market. Shows held in Rosemont, a mere 10 miles away, are much better attended. We're not exactly sure why this is, but irrespective of reason, there is no fighting the results. Hopefully the Central States committee takes note of this factor and considers it for future venues moving forward.
This week, The Reeded Edge setting up at the P.A.N. Coin Show in Monroeville, PA, an eastern suburb of Pittsburgh. With the recent market uptick in metals, we are really optimistic that this will be a great show. Our table location, as usual, is #307, one section back from the front entrance making us very easy to find. Just look for the giant BUYING, BUYING, BUYING sign, and Rob and Robbie should not be far behind. We will have hundreds of new coins with us, including a fresh group of new purchases from Central States. Of course, we remain as serious as ever about buying coins. Our open checkbook policy will be in full effect; please consider offering us any fresh, raw or certified coins FIRST. We love fresh coins, and our offers will definitely reflect that! Our great location also gives us an advantage to buy from the general public. With all of the great coins hiding out in the Pittsburgh area, this is the wild card that really could transcend a good show to incredible. If the Pittsburgh area is in your plans next week, please consider stopping by the Monroeville Convention Center right next to The Monroeville Mall, and saying hello. We would love to see you there!
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
- 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.
- 1936 Buffalo Nickel, PCGS PR-64 Satin - Original off-white example with golden overlays.
- 1929-S Mercury Dime, PCGS MS-66+, CAC Approved - Originally toned GEM with vibrant underlying luster.
- 1944-S Mercury Dime, PCGS MS-67+ FB, CAC Approved - The ultimate 1944-D Mercury Dime, with shimmering luster and vibrant gold toning; absolutely beautiful!
- 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.
- 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.
- 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.
- 1879 Morgan Dollar, PCGS PR-64, CAC Approved - Richly toned in deep gold hues with cobalt blue at the peripheries.
- 1889-CC Morgan Dollar, PCGS AU-53 - Off-white with luster in protected areas and no major marks whatsoever.
- 1894 Morgan Dollar, PCGS MS-61 - Satiny white with a crisp, full strike.
- 1894-O Morgan Dollar, PCGS MS-63 - A soft-white, original CHOICE example of this conditionally rare date.
- 1896-O Morgan Dollar, NGC MS-60 - White with far less contact marks than one would expect for the assigned grade.
- 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.
- 1929 $2.50 Indian Gold, PCGS MS-64, CAC Approved - Lustrous with a lot of pop for this last year of issue.
- 1889 $3.00 Gold, PCGS AU-58, CAC Approved - An honest slider with pronounced, original luster.
- 1799 $10.00 Draped Bust, Large Stars Obverse, PCGS AU-55 - Very lustrous and far above average for the type.
- 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.
- 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-66, 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.