Wilmington Lacking Retail
Great Purchases Save Show from Being a Total Disaster
Jan. 18, 2017 - We have always sang the praises of The Wilmington Coin Club Show. The club continually makes an effort to make this show work, either by virtue of the dealer mix or quantity and quality of the public attendance. This year, the latter was mysteriously absent. Although bodies filled the room for all 3 days, the quality buyer was simply not there. Sure, the dealers specializing in lower-priced material reported average to active shows, but we would argue that their bar is set much lower than ours. If Rob and Robbie take days away from the office, and invest in the associated show overhead, a certain level of expectation accompanies. The Reeded Edge simply stated is never looking to just pay for their table, and had we been reliant on the buyers at Wilmington would have done merely that....at best. It really was that bad a show! Fortunately, the guys table location and aggressive buying posture saved the show from being a total failure. During the course of the show, they purchased over two double-row boxes of new certified coins as well as several hundred raw coins, including a nearly-complete Morgan Dollar set. They also managed to sell quite a bit outside of the show. At the end of the day, the show numbers looked artificially strong, but only because the guys could think outside of the box. If Wilmington does not improve the quality of customer coming through their doors, we fear that it will suffer the same fate as many other smaller club shows around the country. We really hope to see an improvement at next year's venue, as this area really does have enormous promise.
This week, you will see MANY new purchases throughout the webstore. By now, most of our FUN new purchases have been worked up and are ready for sale. PCGS got severely backed up with their on-site show grading, and consequently, many of our grading newps didn't make it back to the office until this week. Also, as mentioned above, Wilmington was extremely fruitful for sourcing new collector material. Please peruse all of our New Store Items, as we think that you will be pleasantly surprised at both the quantity and scope of these recent acquisitions.
The Reeded Edge is still focused on BUYING. We continue to seek out all worthwhile numismatic material. If the coin market lacks the steam that some of our fellow wholesale partners have been alleging, apparently they forgot to give us that memo. If you have any fresh or interesting coins for sale, please either call the office @ 301-724-0400 or visit Rob or Robbie this week in Wilmington, Delaware. We love fresh material, and our aggressive offers will definitely reflect that.
Highlight New Purchases
- 1804 Draped Bust Large Cent, Private Restrike, PCGS MS-66 BN, CAC - Glowing luster & super pretty!
- 1864-L Indian Cent, PCGS MS-64 BN, PQ - Lovely, original GEM quality example.
- 1869/69 Indian Cent, NGC MS-63 BN - A choice example with glowing olive-brown luster; Attractive!
- 1874 Indian Cent, PCGS MS-64 RD - An original and wholesome choice example; elusive in full RED!
- 1909-S VDB Lincoln Cent, NGC MS-64 BN - An original choice brown example with pronounced underlying luster.
- 1913 Lincoln Cent, PCGS PR-64 RB - Really lustrous with more pop than normal.
- 1955/55 Doubled Die Obverse Lincoln Cent, PCGS MS-64 BN, PQ! - A GEM original, virtually spot-free example that we believe belongs in a MS-65 BN holder. Very conservatively graded, especially for this normally sub-par issue.
- 1972/72 Doubled Die Obverse Lincoln Cent, PCGS MS-66 RD - A lovely, fiery example of this popular error.
- 1871 Two Cent Piece, NGC PR-66 RB, CAC - Mostly red and a pristine GEM!
- 1878 Three Cent Nickel, PCGS PR-66 CAM - A scarce proof only date; white GEM and downright affordable.
- 1851-O Three Cent Silver, PCGS MS-64, CAC Approved - A wholesome example with very clean surfaces.
- 1871 Three Cent Silver, PCGS PR-64 CAM - An arch of multicolored toning on both obverse & reverse make this piece really attractive.
- 1881 Shield Nickel, PCGS AU-58 - a popular, low-mintage business strike example; Scarce!
- 1882 Shield Nickel, PCGS MS-66, CAC Approved - Very lustrous with pristine surfaces, this is the perfect type coin.
- 1885 Liberty Nickel, PCGS PR-66 - A satiny style GEM specimen that appears more mint state than proof.
- 1939-S Mercury Dime, PCGS MS-66+ FB - A deceptively scarce date in FB, the eye appeal and technical aspects of this example are both hard to beat.
- 1921 Standing Liberty Quarter, PCGS MS-64 - White, mark-free and very well struck - the perfect collector coin!
- 1927-S Standing Liberty Quarter, PCGS XF-40, CAC Approved - A very original example with luster remaining in protected areas.
- 1834 Large Date, Large Letter Capped Bust Half Dollar, PCGS MS-64 - Toned and very attractive, this near-GEM example is just as fresh and wholesome as the day it was struck.
- 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!
- 1916-S Walking Liberty Half Dollar, ANACS MS-64, OWH - Deeply toned, original choice example.
- 1920 Walking Liberty Half Dollar, PCGS MS-64 - A richly toned choice example of this early date.
- 1936 Walking Liberty Half Dollar, PCGS PR-65 - Golden toning over GEM original surfaces; these have gotten so cheap that it's almost silly!
- 1795 Draped Bust Dollar, Small Eagle, Off-Center Bust, PCGS VF-35 - Off white and problem-free example.
- 1881-CC Morgan Dollar, PCGS MS-66 - Frosty white with the intense luster that this date is known for.
- 1882-CC Morgan Dollar, PCGS MS-66+, CAC Approved - Gorgeous, albeit unique, obverse toning overlays pristine, GEM surfaces; a really attractive 82-CC Morgan!
- 1883-S Morgan Dollar, NGC MS-61 - Original flashy white with some light, original color.
- 1885-S Morgan Dollar, PCGS MS-65 - A snow-white example of this better-date.
- 1885-CC Morgan Dollar, PCGS MS-65 - Pronounced cartwheel luster with gold in the denticles.
- 1886-O Morgan Dollar, PCGS MS-61 - Soft luster, original white and nice for the grade.
- 1890-O Morgan Dollar, PCGS MS-65 - White and lustrous with a clean cheek, just the way dollar collectors like them!
- 1891-O Morgan Dollar, PCGS MS-65 - A conditional rarity, and this white original example is a true GEM!
- 1894-O Morgan Dollar, PCGS MS-62 - White and lustrous scarce date dollar.
- 1895-O Morgan Dollar, PCGS AU-55, PQ! - Off-white and well struck with much original luster remaining. Equal to many that we see in AU-58 holders.
- 1897-O Morgan Dollar, PCGS MS-62 - Fairly well struck with soft, satiny luster.
- 1897-S Morgan Dollar, PCGS MS-66, PQ! - Original white and clean enough to have warranted a 66+ grade.
- 1899-S Morgan Dollar, PCGS MS-66 - Original white with an unusually clean cheek.
- 1904-S Morgan Dollar, PCGS MS-61 - Truly uncirculated with touches of gold, this date is seldom available in this grade.
- 1934-S Peace Dollar, NGC MS-61, PQ! - Satiny luster and quite clean, this looks at first glance to be MS-64 quality; Unusually nice for the assigned grade.
- 1853 $1.00 Gold, Type I, PCGS MS-64 - Screaming orange-gold luster.
- 1853 $2.50 Liberty Gold, PCGS MS-64 - Very choice with nice luster and clean surfaces.
- 1844-D $5.00 Liberty Gold, NGC VF-30 - A nice, problem-free circulated example of this scarce date, branch-mint gold coin.
- 1909-D $5.00 Indian Gold, PCGS MS-64 - Choice with pronounced luster and priced at its lowest level in many years.
- 1850-O $10.00 Liberty Gold, PCGS VF-30 - Totally wholesome and original example of this conditionally RARE date.
- 1861 $10.00 Liberty Gold, PCGS XF-45 - Popular Civil War date $10.00 Liberty in an affordable grade.
- 1902 $20.00 Liberty Gold, Ty III, PCGS MS-63 - Fresh & lustrous with ample frost on the motifs; quite scarce in this grade.
- 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.
- 1936-S Cincinnati Commemorative Half Dollar, PCGS MS-66 - Original with strong underlying luster, this is one of the toughest of all commemorative half dollars in true GEM condition.
- 1921 Pilgrim Half Dollar, PCGS MS-67+ - Gorgeous, original coin with unbelievable flash and pristine surfaces. Among the finest known for the issue.
The Reeded Edge Launches our 6th Annual Toys for Kids Christmas Celebration with The Salvation Army
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.