Archive for category: Market Reports News

It is amazing how time flies. Just yesterday, we were talking about warming temperatures and the corresponding (and predictable) summer slow-down in the coin market. We were right for 50% of our prognostication. Although many coin traders who make their living selling exclusively to other re-sellers have reported a decrease in sales, we are not noticing any weakening of the collector contingent. We are firm believers that at the end of the day, this is the most important component for both the health of the coin market as well as the overall hobby.

We do want to take pause and wish everybody a happy fourth of July, and also hope that each of you contemplate what it means to live in the United States; please also take a moment to give thanks to those that have sacrificed so that you can enjoy the freedoms that many of us take for granted. Just to be able to enjoy a hobby like coin collecting and afford coins to further your collection is a privilege that many in this world will never know. Not to get overly philosophical, but at least give these factors a thought, because at the end of the day, we all VERY fortunate.

Speaking of, plenty of good fortune has come The Reeded Edge’s way lately. Coming on the heels of the major purchase of an east coast dealer’s inventory, we just finalized another significant acquisition. This one was also top-heavy in collector coins, so it was an excellent fit for our firm. Both of these deals featured quite a bit of raw material, some of which is being certified, but much of it is also being sold as-is. Please keep an eye out on our trecoins eBay account, which is now our exclusive marketplace for raw coins. We have over 400 coins currently out for certification, so expect a deluge of new PCGS and NGC material in the very near future. Next week, Rob Lehmann will be headed south to Orlando, Florida next week to attend The Summer FUN Convention located at The Orange County Convention Center on International Drive. Rob will have a myriad of new certified coins in tow, so be sure to stop by The Reeded Edge’s booth #725 and say hello.  Despite both the quantity and velocity of our new purchases, Rob will still be eager to buy any fresh, high-quality material. We urge you to stop by and show him anything that you are contemplating selling. Maintaining The Reeded Edge’s philosophy of there never is a slow season for buying coins, Rob will have the checkbook out and ready.

We hope numismatics will play an important role in everybody’s summer. After all sunshine and heat can both be really overrated!

This year’s June Baltimore show was a recipe for disaster. For one, it wasn’t in June. Instead, Whitman was forced to juggle their dates and held it on Memorial Day weekend. Historically, the June Baltimore show is the smallest and least active of the 3 yearly shows held at the Baltimore Convention Center. So, our expectations are always somewhat tempered. Given the change of dates to one of the most popular travel weekends of the year, our expectations were downright dashed. Boy, were we wrong! Baltimore ended up being one of our better coin shows of the year. Although the collector attendance was slightly affected by circumstances, those who did attend were serious. From our perspective, money was spent and coins were sold. It is plainly obvious to us that we are in the midst of a collector-driven market, something that we have no issue with whatsoever. On the buy side, the show was exceptional. Our acquisitions were across the numismatic spectrum, from copper through gold, with no single area better represented than any other. This is exactly what we strive for at a coin show-balance. At the end of the day, a tip of the hat goes to the entire staff of Whitman for another job well done. If there ever was a coin show laden with potential challenges, this was it. For them to draw a nice mix of both dealers and public on this otherwise auspicious weekend, speaks volumes of Whitman’s commitment to the success of the Baltimore Coin Show. If only other promoters would take more careful note of how this show is run, coin shows as a whole would be inherently more successful.

The upcoming spring Central States 80th Annual Numismatic Convention should be robust. By all accounts, the coin market is healthy and has found an equilibrium trading range that most dealers seem comfortable with. The metals markets also seem to have stabilized. With the reemergence of on-site, third party grading, all the necessary components for a good coin show are in place; thankfully, after a one year hiatus, PCGS has made the decision to put this major event back on it’s calendar. Rob and Robbie will be manning The Reeded Edge’s booth at Central States at their usual, front-of-the-hall location, Booth #1401. From the opening bell on Wednesday, until things wind down on Saturday afternoon, the guys are projecting a healthy and active show. It is worth mentioning that they will have MANY new, certified coins in tow, the results of a major east coast collection that they had been working on for several months. Our advice is to take advantage of this venue to get an early shot at these fresh coins, as full page ads in Numismatic News and Coin World will be also featuring them. Given the diversity and farm-fresh nature of this numismatic cache, we are expecting an enthusiastic response. Hopefully, the Chicago area will be in your plans next week, and you will be able to join the guys at this important spring coin show.

We can only hope that this week’s Battlefield Coin Show in Gettysburg, PA is anywhere near as active as last week’s surprise in Pittsburgh. To say that the ANA’s National Money Show over-performed is probably an  understatement. We went into this venue with tempered expectations, expecting something similar to the regional PAN Show, also held in the same overall locale. What we got however, was a national coin show that was on a par with many of the other major coin shows. Dealers from all over the country converged on downtown Pittsburgh, along with a contingent of collectors that reached outside of the usual parameters of the PAN Show. Although the room lacked the buzz of a Baltimore or FUN Show, there were still a significant number of people in attendance. More importantly, the attendees were for the most part serious, and until Saturday (when the show lifted their cover charge), there were literally no tire kickers to be found. Needless to say, Rob and Robbie were very encouraged by business at the ANA show, and hope the success of that show carries over to this week’s Gettysburg venue. Mike Dixon runs a first-rate show, and he and his crew put a lot of work to insuring Gettysburg’s success, so we know that the effort definitely won’t be lacking. As usual, The Reeded Edge can be found at their prominent booth, located to the right of the show’s front entrance. After being the recipients of the show’s Dealer of Integrity award in 2017, and The Dealer’s Choice award in 2018, we feel responsible in doing our part to promote this show’s success. Consequently, we will be debuting a large, fresh collection that has been in the works for months. Included will be everything from copper to gold, so expect to see plenty of new certified coins, as you peruse our inventory. Additionally, we will have some of our older friends marked down, and priced to sell. When Rob and Robbie step onto a bourse floor, they are committed to doing business, and this week’s Battlefield Coin Show in Gettysburg will be no exception.