Archive for category: Market Reports News

It’s that time of year again, as the mid-Atlantic region prepares for their premier coin show, The Whitman Coin and Collectibles Expo. What can we say about this stalwart show that hasn’t already been said? Aside from FUN and the ANA World’s Fair of Money, this ranks as many dealer’s top show of the year (present company included). Both Rob and Robbie will be headed to Baltimore this week to take in a serious 5 days of trading. Starting with pre-show, by-appointment, wholesale business on Tuesday and Wednesday and culminating with the actual show running Thursday through Saturday, the guys are prepared for just about anything. And honestly, that is the beauty of this show. With over 600 tabled dealers in attendance and thousands of attendees, Baltimore has become a must-do show for serious collectors throughout the country. Almost 40% of the country’s population lives within a 5 hour drive of downtown Baltimore, which in part, explains its success. The Reeded Edge will be set up at their usual front and center L-table booth #440. Just look for the large BUYING, BUYING, BUYING sign, and Rob or Robbie should not be far behind. The guys are particularly excited about this show, and with hundreds of brand new certified coins in tow, it’s for good reason. Equally as important, The Reeded Edge will be aggressively buying, as our open checkbook policy will be in full effect. We have an insatiable appetite for fresh coins, so whether you have a single great coin for sale or an entire collection to liquidate, please consider offering us your properties. With over 30 years full time in the coin business, and tens of millions of dollars of rare coins bought and sold, we don’t think you will find a more qualified firm to deal with. We certainly hope that Baltimore is in your plans this week, as we would love to see you at the show.

Now that we have come up for air after a frenetic FUN Show, we are ready to get back on the road again. What better way to break the ice than one of our favorite local coin shows? This weekend, Rob and Robbie will be off to The Vienna Community Center for The Vienna Quarterly Coin and Stamp Show. As we have said previously, we love the demographics of this area. Fairfax County is one of the most affluent counties in the entire country. Equally as important, it harbors a lot of coin collectors. Although we have cultivated a sizable clientele of regulars in this area, it is always the unknown that makes this show exciting. Almost without fail, Vienna delivers in this department. What will happen this time around? That is the hundred thousand dollar question! What we can say with certainty is that we have an unprecedented number of new certified coins, and probably our largest and most diverse overall inventory ever. Whether your interest is in early copper, small cents, 20th century series, dollars or gold, The Reeded Edge has got you covered, and at some of the most competitive prices in the entire coin market.

Of course, The Reeded Edge will be buying coins as well, and our open checkbook policy will be in full affect. Whether you have a single great coin, a small group or an entire collection, The Reeded Edge has the resources to turn your coins into immediate cash. There is a reason that we buy so many coins, and our competitive fair offers are at the heart of it. If you haven’t already done so, please give us a shot. We will be located at our usual spot to the immediate left of the front entrance. Just look for the giant BUYING, BUYING, BUYING sign which should be easily visible from all vantage points in the community center.

Please try to make a point of coming by and saying hello, as smaller, more intimate shows like Vienna allow us the time to engage in healthy conversation, a luxury sometimes not afforded by faster-pace, national shows like FUN. The one thing we have never forgotten as our company has grown over the years is our roots. We built The Reeded Edge’s foundation on shows like Vienna (our first one being over 30 years ago), and close to a hundred Vienna shows later, we enjoy these type of venues equally as much as our first. We really hope that Northern Virginia is in your plans for this coming weekend, as Rob and Robbie would love to see you at the show.

Irrespective of the state of the coin market, one thing is for certain: F.U.N. will be well attended and active. The annual Florida United Numismatist Convention has a reputation, and fundamentally, it’s for good reason. For starts, this is always the show that kicks off the new year, and with it the optimistic outlook for hope and change (yes, we know – a famous politician already used that tag line). F.U.N. marks the first major coin show since fall Long Beach, so it also breaks a long show hiatus. Perhaps most importantly, the warm weather Orlando location interrupts the winter cold spell for many dealers across the country. These factors make F.U.N. the perfect storm, and a must-attend show for over a thousand coin dealers nationwide. Rob and Robbie will be heading down to Orlando on Tuesday, December 8th for pre-show trading. The official show set up commences on Wednesday, with the public admitted on Thursday. Miguel Lopez and Rory Shelby will be on-hand at The Reeded Edge’s booth #716 once the show opens to the public. We expect a flurry of activity and have prepared accordingly. With several new collection acquisitions, there will be no lack of fresh certified coins available for sale. But, that’s only half of the story at The Reeded Edge. As most of you know by now, The Reeded Edge’s open checkbook policy will be in full effect (just as it is at every major coin show). Whether you have one great coin or an entire collection for sale, The Reeded Edge will be one of the most aggressive buyers on the bourse floor. Part of our goal in Orlando is to spend money, so please consider helping us out!

If you have never attended a F.U.N. show in the past, why not make this your year? We sincerely hope that Central Florida is in your plans for next week, as we would love to see you at the show.

Finally, to all of you from all of us, Happy 2019-May your year be filled with joy, peace, health and prosperity.

We hope everybody is enjoying their holiday season. No matter what holiday you observe, this is a time for us to reflect and be thankful for all that the previous year has afforded us. From a numismatic perspective, there certainly were a lot of twists and turns, making this an unpredictable year, at the very least. From a personal perspective, The Reeded Edge had a very good year. We noticed a definite uptick of collector business, as we reacquainted ourselves with some old friends as well as forging relationships with some new ones. Irrespective of the amount of business that we transacted with each of you, we want to take this moment to thank all of you collectively. Without your patronage and support, we could not sustain servicing this hobby that  means so much to each of us here.

As we eluded to earlier, the market had its share of unpredictability, and nowhere was this felt more than in the wholesale sector. Dealers who predicated their business on reselling to other dealers and/or using auction companies to sell their wares, had a much more difficult time than their counterparts. Cash flow seemed to be a concern for most of this group throughout the year. To make matters more difficult, auction companies factored into liquidating coins for dealers whose business had slowed elsewhere. Consequently, the auction companies were inundated with ordinary coins, which many times were ignored by their buyers and sold at discounts. As these prices were summarily reported, the impression was that the market as a whole was going down, and the wholesale dealer’s job became exponentially more difficult. This situation did manifest itself throughout the year, but fortunately, was limited to the wholesale side of the coin market. Conversely, collectors were more starved than ever for fresh and nice coins. They reveled in the perception that the market was declining, as it allowed them to buy coins at new lower levels. What hindered one side of the coin market, was a positive to the other. The collector was the critical component in keeping the coin market healthy in 2018, and for those of us who serviced these folks, a good year could be had.

The ten million dollar question is what does 2019 hold? The answer depends who you ask. For the dealer contingent servicing the end user, the outlook remains positive. The wholesale sector’s optimism would probably be a bit more measured. For these dealers, the status quo is not an option. If things don’t change for them, we will see an inevitable thinning of the herd (which may not be a bad thing, but that’s a discussion for another day). Looking into our crystal ball, we predict another solid year for numismatics, as collectors seem firmly entrenched in the hobby. Obviously factors such as the economy, financial markets and political perceptions all will come into play. But that aside, there are plenty of new collectors coming on board, and a good number of older ones rekindling their interest in coins. Both are good signs, and give us reason for hope looking forward.

Amazingly, it’s almost that time again to talk about FUN. Yes, the Florida United Numismatists Annual Convention is quickly approaching. What we love about this show….well, is EVERYTHING! As always, it kicks off the new year, and with the new year comes new promise and opportunities. Florida is warm in January, especially for us mid-Atlantic snow birds, and that psychological element comes into play, as well. Equally as important is that FUN breaks a month-long hiatus without a major coin show. For these reasons and others, the dealer community comes together to support this show like no other. Some dealers even make this their sole major coin show of the year. We have contended that if you put 1000 dealers together in a convention room that want to do business, we will figure the rest out. This always seems to be the case at FUN. This show is equally as well supported by the general public for many of the same reasons. It seems that most attendees intent is to get the coin market off on the right foot, and FUN serves as the springboard to do just that. Thankfully, after a couple of stints in Tampa and Fort Lauderdale, FUN is returning home to the quintessential Orange County Convention Center in Orlando. Rob, Robbie and Miguel will all be on-hand at The Reeded Edge’s booth #716 with a full array of certified coins for your consideration. Equally as important, the guys will be aggressively buying looking to supplement their 2019 inventory. We will have much more about this show in the upcoming week, but this is one event that we are all enthusiastically looking forward to.

Finally, we wanted to take this opportunity to wish you and yours the happiest of holidays and a happy and safe New Year. Thank you from all of us at The Reeded Edge for making 2018 a truly great year.

It’s hard to believe that we are in the midst of yet another holiday season. Where did the year go?

In retrospect, the coin market has been a real wildcard. Certain areas, such as eye appealing collector coins have remained strong and seemed in short supply throughout the year. Other areas, like generic Walkers, Dollars and Gold, have been soft, with supplies exceeding demand. The trick has been trying to acquire the coins that are on everybody’s want list, while discounting the others and thereby staying a step ahead of this declining sector of the market. This was not a year to hold coins, and perhaps more than ever in company history, we committed ourselves to turning inventory quickly and efficiently. Despite the obvious challenges, we feel like this year was mission accomplished, and from our perspective, an overall success.

The Reeded Edge will be closing out our 2018 coin show schedule this coming Saturday and Sunday with The Annandale Coin Show. Always a holiday favorite, this show is usually well supported by a strong Northern Virginia collector contingent, and we see no reason that this year should be any exception. Both Rob and Robbie will be in attendance at their multi-table location in the front of the bourse hall. This Fall has been anything but dormant, and consequently, The Reeded Edge will have hundreds of new certified coins available for sale. While most rare coin firms are trying to reduce inventory at year-end, we are more of an anomaly than the rule. Along those lines, the guys will once again have their open checkbook policy in full effect, so please offer them any fresh and worthwhile numismatic properties that you have for sale. Their giant BUYING, BUYING, BUYING sign will serve as a reminder to this, and should be visible from all vantage points in the room. Hopefully Northern Virginia, and the greater DC area are in your plans for this upcoming weekend, as we would love to see you the show.

In closing, we want to wish a Happy Hanukkah to all of our Jewish friends. We hope that this holiday brings you peace, prosperity and happiness.