Mixed Reports from Long Beach; Reeded Edge Office Remains Very Active
Feb. 23, 2017 - It is always a little tricky gauging an experience that we were not part of. Such is the case with last week's Long Beach Coin and Collectibles Exposition. Although The Reeded Edge made the last minute decision not to attend the show, we did ship coins out to the west coast and had two of our trusted associates sell them throughout the show. The same holds true for grading as we shipped a significant quantity of coins to PCGS for show express grading. For us, the results of both ventures were successful. Our agents accounted for above average sales, and fresh grading provided us with quite a few new offerings for this week. The bottom line is, although we were not physically at Long Beach, we still deemed the show a success. Talking with several other prominent dealers in attendance however, produced mixed reviews. We heard everything from the show was pretty good, to simply OK, and in the worst case scenario, that it was off. Several large volume buyers were mysteriously absent from the show which had a pronounced effect on the wholesale activity. Crowds were apparently on par with previous shows, although few attendees reported an aggressive buzz to the room. Again, when we have to work from entirely hearsay, and have no first-hand experience of the environment, it's hard reviewing the show accurately. The next major test for the coin market will be The Whitman Coin Show in Baltimore, MD (last weekend of March), a show which we never miss. We will definitely have a pulse on the show market vibe by Baltimore's conclusion. Judging solely from office activity, our take is that the overall coin market is doing just fine.
Speaking of the office, it has been buzzing here in Mountain Maryland. The phones have been ringing non-stop, and increased activity is noted at many levels. Retail seems to be on firm footing We are getting steady calls on our Coin World ads, eBay has seen an uptick of sales both in quantity and quality, the web store is keeping our shipping department working overtime and our hard copy price lists have spawned a new crop of non-internet buyers. Selling coins has not been a difficult proposition for us, which is an encouraging sign. Conversely, buying has also been good. We have had unsolicted parcels of coins showing up on a daily basis. As mentioned earlier, we also have supplemented inventory with plenty of fresh PCGS grading. Finally, we have had several out of town customers making drives of several hours or more to bring us their collections and holdings. We have bought some really neat numismatic material over the counter in the last several weeks, so we strongly suggest that you keep your eyes peeled on our ever-changing inventory.
The Reeded Edge will continue to be on the home front until mid-March. This has given us some well-needed time to catch up on office business. As we have professed on many an occasion, there is no rest for the weary, and these upcoming several weeks should be no exception.
This week, you will notice a nice group of silver dollars, complimented by collector-grade type coins and a little bit of U.S. gold. We try to keep mixing up the variety, realizing that our customers have varied interests. Equally as important, we try hard to provide a steady influx of new material.
Of course, we remain 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 call the office @ 301-724-0400 and speak to Rob or Robbie. The guys 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!
- 1816 Large Cent, PCGS MS-64 BN, PQ! - Close to GEM, and for all intents and purposes, RB.
- 1827 Large Cent, PCGS MS-62 BN - Original and wholesome.
- 1858 Flying Eagle Cent, Small Letters, PCGS MS-63, OGH - Mark-free and really attractive for the grade.
- 1909-S VDB Lincoln Cent, PCGS MS-66 BN, PQ! - The most amazing color we have ever seen on an 09-S VDB Cent!
- 1913 Lincoln Cent, PCGS PR-64 RB - Really lustrous with more pop than normal.
- 1950 Lincoln Cent, PCGS PR-65 RD DCAM - A dramatic and rare, two-tone, heavily contrasted example.
- 1955 Lincoln Cent, Doubled Die Obverse, PCGS AU-53 - A glossy and original choice AU example.
- 1972/72 Doubled Die Obverse Lincoln Cent, PCGS MS-66 RD - A lovely, fiery example of this popular error.
- 1865 Two Cent Piece, PCGS MS-65 RD - Mellow, original red and attractive. Fiery on the reverse.
- 1878 Three Cent Nickel, PCGS PR-66 CAM - A scarce proof only date; white GEM and downright affordable.
- 1871 Three Cent Silver, PCGS PR-64 CAM - An arch of multicolored toning on both obverse & reverse make this piece really attractive.
- 1913-S Buffalo Nickel, Type 2, PCGS MS-63 - Satiny, soft luster with choice, mark-free surfaces.
- 1820 Capped Bust Quarter, Large Size, Large 0, PCGS VF-35, CAC Approved - A perfect wholesome, circulated example of this under-appreciated type.
- 1882 Liberty Seated Quarter, NGC MS-62 - A pretty, toned example of this rare, low-mintage quarter.
- 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.
- 1916-S Walking Liberty Half Dollar, ANACS MS-64, OWH - Deeply toned, original choice example.
- 1933-S Walking Liberty Half Dollar, NGC MS-63 - White, untoned and mark-free.
- 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!
- 1882-O Morgan Dollar, PCGS MS-65 - Lustrous and original GEM example.
- 1883-S Morgan Dollar, PCGS MS-63 - Lustrous with the frosty luster that this date is known for.
- 1885-CC Morgan Dollar, PCGS MS-65 - Pronounced cartwheel luster with gold in the denticles.
- 1889-CC Morgan Dollar, PCGS AU-50 - Light grey coloration with luster in the protected areas.
- 1891-O Morgan Dollar, PCGS MS-65 - A conditional rarity, and this white original example is a true GEM!
- 1891-S Morgan Dollar, PCGS MS-65 - Booming cartwheel luster!
- 1892-S Morgan Dollar, PCGS AU-55 - Original and unscrubbed like most 1892-S dollars at this grade level.
- 1893 Morgan Dollar, PCGS MS-63 - Choice, original-white example of this very popular date.
- 1893-CC Morgan Dollar, PCGS MS-63 - White and fully struck with minimal marks.
- 1893-S Morgan Dollar, PCGS AU-50 - Lustrous, off-white example of this key-date dollar, this is exactly the look that serious dollar collectors yearn for!
- 1894-S Morgan Dollar, PCGS MS-62 - White and flashy example.
- 1896-O Morgan Dollar, PCGS MS-62 - White and original example of this conditionally scarce date.
- 1896-S Morgan Dollar, PCGS MS-64 - Lustrous white and mark-free; nice example of this better-date!
- 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.
- 1927 Peace Dollar, PCGS MS-65 - Original white with a gold cast and pristine surfaces.
- 1849-C $1.00 Gold, Closed Wreath, Type 1, PCGS MS-63 - A very rare date, irrespective of grade and especially so in MS-63. Fiery luster with a lot of zip!
- 1853 $1.00 Gold, Type I, PCGS MS-64 - Screaming orange-gold luster.
- 1853-C $1.00 Gold, Type 1, PCGS AU-55 - An attractive, well struck example.
- 1889 $1.00 Gold, Type III, PCGS MS-64, CAC Approved - Frosty and virtually a full GEM.
- 1843-C $2.50 Liberty Gold, PCGS AU-50 - Original with deep orange clinging to the device.
- 1853 $2.50 Liberty Gold, PCGS MS-64 - Very choice with nice luster and clean surfaces.
- 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.
- 1844-D $5.00 Liberty Gold, NGC VF-30 - A nice, problem-free circulated example of this scarce date, branch-mint gold coin.
- 1893-CC $5.00 Liberty Gold, PCGS AU-55 - Well struck with ample luster and looks AU-58.
- 1909-D $5.00 Indian Gold, PCGS MS-64 - Choice with pronounced luster and priced at its lowest level in many years.
- 1843 $10.00 Liberty Gold, PCGS AU-50 - A very rare date and seldom encountered in ANY grade.
- 1851 $10.00 Liberty Gold, PCGS MS-60 - A very rare coin in mint state, and this one is all there!
- 1852-O $20.00 Liberty Gold, Type 1, PCGS AU-58 - Semi PL and oh-so close to UNC; RARE & desirable!
- 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.
- 1902 $20.00 Liberty Gold, Ty III, PCGS MS-63 - Fresh & lustrous with ample frost on the motifs; quite scarce in this grade.
- 1909/8 $20.00 St. Gaudens, PCGS MS-60 - Well struck with no wear evident; this is the grade that collectors always have on their want lists, but is NEVER available!
- 1913-D $20.00 St. Gaudens, PCGS MS-65 - A sparkling GEM with pronounced original luster.
- 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.