The Reeded Edge Heads to P.A.N. with Hundreds of New Purchases in Tow; eBay Discount for ALL Web-store Customers!
Another week, another coin show; that seems to be The Reeded Edge’s mantra of late. Truth be known, this is not just another coin show, but rather P.A.N. (Pennsylvania Association of Numismatists), Pennsylvania’s largest numismatic event, and one that is thankfully a mere hour and forty five minute drive from Cumberland. This Monroeville-based show (an eastern Pittsburgh suburb) is a collector favorite, and tends to draw crowds from neighboring states such as New York, New Jersey, Maryland, West Virginia, Ohio and Michigan. There is always a predictable contingent of trading partners, but it is the X factor that keeps this show interesting. You have heard us comment, on more than a few occasions, that you just never know what is going to happen or who is going to walk into a particular coin show….Nowhere is this more true than P.A.N. We have had some tremendous buys at this show, and conversely, some impressive sales. Given the healthy state of the coin market, we are guessing that this should be both an active and productive four days. Both Rob and Robbie will representing The Reeded Edge at The Monroeville Convention Center, beginning on Wednesday for dealer set-up, and concluding on Saturday afternoon. Just look for The Reeded Edge’s giant BUYING, BUYING, BUYING sign, which should be plainly visible from all vantage points of the bourse floor. True to our sign’s message, the guys will have their usual open checkbook policy in full effect. Our benchmark for a successful show is usually predicated on what we buy. Please, if you have a single important rare coin, or an entire collection, Rob and Robbie would love a first shot. The term aggressive gets a bit overused, but honestly, we have NEVER met a nice coin that we didn’t like! We would be remiss if we didn’t mention the sales tax exemption on gold and silver bullion in Pennsylvania-yet another reason to spend some time in the Pittsburgh area to take in a coin show this week.
Speaking of sales tax, The U.S. Supreme Court’s Wayfair decision has had some far-reaching implications, especially for internet seller’s trying to get a handle on its exact application. Nowhere has this been more evident to the numismatic community than on eBay. The online behemoth seems to be scrambling like a rat in a maze trying to figure who is and isn’t liable for paying the various states’ sales taxes. Their answer? Tax any and all states until they hear otherwise. This has been troubling for 36 states with numismatic sales tax exemptions, like Delaware and Maryland. As an eBay merchant with a significant online presence, we can tell you firsthand that this is creating a selling hurdle. Combined with eBay’s unconditional 30 day return privilege (which is just ripe for abuse), this once safe trading venue is getting more challenging by the day for buyers and sellers alike. Like many other coin dealers across the country, we are actively exploring alternative markets to eBay. There will be an emerging platform, but at this point we are hard pressed to say who or what that will be. We firmly believe that necessity breeds innovation. Unless eBay makes a commitment to become more consumer friendly in the very near future, they could become a tech giant dinosaur. I guess only time will tell!
THE REEDED EDGE IS NOW DISCOUNTING ALL COINS ON OUR WEBSTORE 5% TO ANY ESTABLISHED EBAY CUSTOMER & WITHOUT THE PESKY SALES TAX. JUST IDENTIFY YOURSELF AS A PREVIOUS EBAY CUSTOMER, AND THE DOUBLE-DISCOUNT WILL INSTANTANEOUSLY BE APPLIED!
Rob and Robbie will be gassing up The Reeded Edge mobile this week to head towards southwestern North Carolina for 
Ask Rob and Robbie what their single favorite coin show of the year is, and they will probably both answer VNA. 
Both Rob and Robbie concurred that Gettysburg was decent, but surprisingly absent was the usual, brisk retail activity associated with this show. There were bodies in the room, and from an attendance perspective, the show was on par. But what lacked for sales, was more than made up for with buying. The guys spent almost six figures at this small show, including two five-figure rarities that were fresh out of the woodwork. There was no shortage of coins being offered to the guys, but their resistance to buying coins out of auction (what Rob affectionately refers to as auction rehash) resulted in several potential sellers being politely turned away. Although our company moratorium on coins with auction history is perplexing to some, it is a business model that Rob and Robbie have stuck with, and one that has garnered The Reeded Edge a very loyal following. Next up for the guys will be 
This time of year marks one of those rare instances when we come off of one favorite coin show only to turn around and head to another that we like equally as much (albeit for slightly different reasons). Let’s first talk about last week’s Ohio State Coin Show (OSCS) in Dublin, Ohio. Although there are many coin clubs that pour their hearts and souls into their sponsored shows, few do it quite as well or thoroughly as the Central Ohio Numismatic Association. Once again, the green hats ran a first-class production. Friday was one of the busiest days in recent memory at any coin show, and for just a split second, we thought that we had traveled back in time to the ANA’s World’s Fair of Money held two weeks earlier. The room was full of passionate collectors and business was being conducted at a brisk pace. Of special importance to us, were the number of collectors indicating that they had seen our Coin World ad, Numismatic News ad, or weekly price list, and had specifically come to the show in search of one or more advertised coins. We also met, for the first time, several established mail-order customers that we knew only by name. Ideally, these are the type of opportunities that a coin show should afford us. We can now begin to look forward to next year’s event, being held at a neighboring facility yet to be named. Under the club’s competent leadership of Steve Petty, we are sure that this new venue will be chosen carefully, and the show will not miss a beat in the process. Next week, we will be headed to a little bit different type of show, but one that we love no less. 
It’s hard to believe that summer is winding down. As the old cliche inquires, where did the time go? In many people’s minds, Labor Day marks summer’s last hurrah; with the start of college football, the kids going back to school and families sneaking in their last vacations, this weekend symbolizes the transition of both a season and a mind-set. Numismatically, it also signifies the beginning of a usually-active, fall coin show season. And what better way to kick off this period than with 
The 2019 Chicago A.N.A. World’s Fair of Money is now in the books, and once again, Rosemont did not disappoint. Rob, Robbie, Miguel and Ron were all hands on deck for the majority of the show, with The Reeded Edge’s booth double-stacked with customers for much of the time. (The picture to the left was taken shortly after we opened the booth during set-up in the A.M. and was one of our few quiet periods during the show.) The quantity of sales was nothing short of astounding with over one hundred retail sales invoices written during the show’s duration. Buying was also great. Many fresh coins were offered to the guys throughout the week; the end result was many hundreds of new coins purchased for inventory. Individual highlights are numerous, but because the coins are currently in the processing stage, summarizing them here would be premature. Stay tuned. The A.N.A. is billed as the show of shows, so expectations always run high. This year’s event ranks as one of our greatest in company history, and from what we could tell, many of the other vendors from around the world concurred. We don’t want to get too far ahead of ourselves, but if this show is any indicator about the overall health of the coin market, some really good times may be on the horizon.
There is nothing more that we can say about this week’s ANA World’s Fair of Money that hasn’t already been said. Simply stated, this is the biggest numismatic event of the year. Thousands of dealers and collectors from all over the world will convene in Rosemont, IL for a week of non-stop numismatic activity. Rob and Robbie got a head start on things and will either be on the road or in the Chicago area once you are reading this. They will be anchoring The Reeded Edge booths 1610-12 in the front right-center of Hall F at the Donald Stephens Rosemont Exposition Center for the entire week. Festivities get under way to the public at noon on Tuesday, August 11, and conclude the afternoon of Saturday, August 17th. Reeded Edge friends, Miguel Lopez, Ron Iliffe and Rory Shelby will be on hand at the booth to lend a helping hand. The guys intend on doing non-stop business and will be bringing a record amount of inventory, the majority of which is fresh to the market. Equally as important, they will have their checkbook open, and would love to be offered any or all fresh numismatic properties for sale. Few dealers in the room will be more aggressive about buying the right material. We really have been looking forward to this week with great anticipation. Chicago has rarely disappointed us in the past, and we have a sneaking suspicion, that this year will be no exception!
Conventional wisdom doesn’t always prevail, especially when two coin show promoters don’t coordinate their dates. That is the situation that we face this week, as we travel back to Northern Virginia for the 