Archive for category: Market Reports News

There is always a concern that after the FUN show and the predictable beginning-of-year optimism,  that the coin market will take a pause. Under ordinary circumstances, this is a valid concern; but nothing about current circumstances can be deemed ordinary. Amidst renewed political turmoil in Eastern Europe combined with an ongoing global COVID hangover, there is no indication that anything will return to ordinary anytime soon. The numismatic market seems to be thriving on this uncertainty, creating coin shortages due to excess demand. Just as box store shelves remain depleted, the numismatic shelves of many coin dealers across the country are equally as sparse. The supply of desirable collector coins is being outpaced by demand, and judging from the competitive nature evidenced in recent auctions, this relationship seems to be getting more lopsided by the day. Here in house, there have been coins listed on recent price lists that have sold multiple times within minutes after mailing the list. This is a trend that’s becoming way too familiar. The takeaway is that if you see something that piques your interest, call. If you don’t, somebody else will. Of course, we remain committed to buying any worthwhile numismatic properties, whether it be an individual coin or an entire collection. More importantly, our buy prices will reflect the aggressive nature of today’s numismatic marketplace.

This coming weekend, The Reeded Edge will be heading to Northern Virginia for The Vienna Quarterly Coin & Stamp Show. This is the oldest established coin show in the DC metropolitan area, anchored by a group of regular dealers from the mid-Atlantic area. Both Rob and Robbie will be on-hand for The Reeded Edge, with a full array of numismatic and philatelic items in tow. Yes, this is one of a only a few shows that we actually bring stamps, so we urge all of our collector friends on the other side of the aisle to stop by our booth and peruse our ever-changing stamp inventory, As we eluded to earlier, keeping great coins in stock has been challenging. Given the circumstances, we are quite pleased with both the diversity and quality of out numismatic inventory. Of course, we hope to add to it, and encourage all would-be sellers to stop by our booth for an aggressive, on-the-spot offer. Our open checkbook policy will be in full effect throughout the weekend, so again, if you’re selling, we’re buying! You will find The Reeded Edge’s booth in its usual location, immediately inside the main bourse hall on the left hand side. We hope that Northern Virginia and the DC area are in your plans for this weekend, as we would love to see you at the show.

Despite a lackluster Vienna Coin and Stamp Show last week, the feel of the coin market could not be any better. Renewed interest in metals (with both gold and silver hitting critical levels at $1800/oz and $25/oz respectively), combined with an ongoing intense demand for high-quality rare coins at every price point, makes this the perfect storm for this week’s Whitman Baltimore Winter Expo. COVID has pushed this quintessential show back almost 2 years, and the anticipation levels could not be any higher. To say that the dealer community has been antsy for a Baltimore Coin Show is a gross understatement. Upwards of 600 dealers from every corner of country will converge on Baltimore tomorrow for what should be 4 days of VERY spirited trading. Both Rob and Robbie will be joined by their good friend and out-of-town associate, Rory Shelby, to meet and greet both dealers and public at their front-and-center Booth #440. The guys will have an extensive selection of certified coins, as well as raw coins, currency, stamps, and even some Americana in tow. Bring your want list by the booth, or just stop by to peruse our many new inventory selections. Equally as important, the guys will be aggressively buying any rare coins throughout the show. Whether it’s a single high value property or a complete collection/estate, The Reeded Edge want to be your go-to rare coin firm. Our open checkbook policy will be in full effect through the closing bell on Saturday, and we have big buying goals for the show, so please bring us whatever you have to sell. We sure hope that Baltimore is in your plans for this week, as we really believe this will be a show for the ages. If it is, please be sure to stop by The Reeded Edge’s booth and say hello. We look forward to seeing all of you once again, after this way-too-long hiatus.

The coin market continues its bullish direction heading into the generally-active Fall season. After two very successful coin shows (VNA-Fredericksburg, VA and NCNA-Concord, NC), we can assure you that it still remains a seller’s market. Great coins find new homes quickly and without exception. Thankfully, some of the levels on more generic coins, such as common-date CC Morgan Dollars, seem to have leveled off. The parties responsible for pushing these type of coins up, now find themselves top-heavy with inventory. It is quite possible that this area is due for a correction. Collectors seem to be on a total disconnect with a $350-$400 valuation for a BU 1883-CC dollar. Quite honestly, so are we. But, we digress. Great collector coins on the other hand are still very short in supply, and many of these areas remain undervalued. The challenge for firms like ours, is keeping these type of coins in stock long enough so that they can be advertised on a price list, Coin World, Numismatic News or the like. But if buying collector coins were an easy proposition, what need would there be for a firm like ours? (That’s a bit of a rhetorical question.) All of the preceding comments also apply to large size currency. Like collector coins, there has been a real resurgence of interest in this under-valued area. It is not unusual for the perfect large size note to trade at levels considerably north of published prices. Auctions also seem to keep redefining this market, and an upward trend of APRs has definitely been evident. Of course, we maintain our aggressive buying posture  for both coins and currency, with our open checkbook policy in full effect. With a litany of Fall coin shows on the horizon, including the quintessential Whitman Baltimore Winter Coin Expo, we have a great deal to look forward to. With broad-based support for metals and the financial markets still being the order of the day, we don’t anticipate the supply of money chasing rare coins and collectables to dry up anytime soon. This could make for some fun upcoming times in the coin business. We shall see!

That day is finally upon us. We have been anxiously looking forward to the resumption of the summer ANA World’s Fair of Money for over a year and a half. Last month, Summer FUN laid the groundwork for next week’s gala. More importantly FUN proved to the numismatic world that a major coin show can be held safely, even at a location which has been labeled a trouble spot. We have no doubt that ANA will also go down as a safe and productive venue. We also feel that Baltimore, January FUN and Central States will probably green light their future venues, as well. In other words, normalcy is back…and hopefully, it’s here to stay!

Both Rob and Robbie will be on hand at The Donald E. Stephens Convention Center, 5555 River Rd. Rosemont, IL @ Booth #700 with a full entourage of coins, currency, collectibles and even some bullion. In addition, there will be a beautiful and complete PCGS-graded Morgan Dollar set that we have been patiently building for one of our very good friends. Please take a minute to look it over, as one of our goals is to upgrade some of the more important coins in the set. The guys have been anxiously awaiting this day, and rest assured, they will have all of the boxes checked. SHOW HOURS TO THE GENERAL PUBLIC ARE AS FOLLOWS: TUESDAY, AUG 10th FROM 1 PM – 6 PM, WEDNESDAY, AUG 11th THROUGH FRIDAY, AUG 13th 10 AM – 6 PM and finally SATURDAY, AUG 14 10 AM – 4 PM. Later in the week, they will be joined by long time friend and confidant, Rory Shelby. We expect to see many old faces at the show, a component almost as important to us as our actual business. Needless to say, THE GUYS WILL BE AGGRESSIVELY BUYING THROUGHOUT THE WEEK, so please, if you have any coins for sale, The Reeded Edge wants to be your Huckleberry. Just look for the large BUYING BUYING BUYING sign, and Rob, Robbie and the checkbook should all be close behind. It should also be noted that PCGS will not be grading on-site, nor will there be any on-site auctions coinciding with the show. Without these outside distractions, dealers and collectors alike should be able to stay focused on show business at hand.

During the week, we will be maintaining a skeleton staff at the office. We are happy to report that our webmaster, Ray Hunt has made incredible progress, and should be ready to come back into the office next week on a limited basis. You probably haven’t heard Ray’s friendly voice on the other end of the phone for a while, so we all are very excited about this development. Any coin or product related questions next week should be directed to Robbie Jenkins @ 301-876-1332, or Rob Lehmann @ 240-422-0118, as they will be best suited to discuss these matters with you.

Stay tuned for blogs from the show next week updating new purchases and the overall climate of the show. We haven’t been this excited for a coin show in many years (if EVER), and for good reason. We really hope to see you and yours next week in Rosemont….Until then!

We had been sure that this day would come, but we weren’t exactly sure when it would be. Suffice to say, the world is beginning to reopen as the COVID threat diminishes. In retrospect, the pandemic served as a perfect storm for the coin hobby. It started with the demographic of the average collector.  Most were older, many retired, generally well-heeled financially with little or no debt. In other words, coin collectors were largely unaffected by the financial impact of the pandemic. The one thing they had more of was time. We didn’t take pause on the front end to consider these factors. But, it became apparent quickly that collectors were using their extra time to concentrate on building their collections. Demand for coins shot through the roof. There was however a fly in the ointment. With coin shops essentially shut down, and coin shows nonexistent, sourcing new material to supply this newfound demand proved challenging. Fall of last year, this situation began to change. Smaller regional and club sponsored shows began to reopen. The pent-up needs of dealers became quickly apparent, as virtually all of these shows flourished. Now with larger national shows on the horizon, a sense of normalcy is beginning to return to the hobby. But something else is also happening, and it transcends just the numismatic arena. For those of us living in areas with four seasons (which is much of the U.S.), the weather is warming and the outside is beaconing. Vacations that were put on hold for over a year are now a reality. Reunions, get-togethers, outdoor sporting events and the like are all taking center stage again. It would not surprise us at all if this had a temporary effect on the coin market. Under ordinary circumstances and during ordinary times, the coin market, almost without fail, takes a pause during the summer. But, as we all are only too aware, there has been nothing ordinary about the times we are living in. There is also one other very important underlying factor that could continue to provide strength to the coin market, and that is precious metals. If the metals markets continue to respond to inflationary concerns, the numismatic sector should also remain active. Potentially, we have some opposing forces at work. It will be interesting to see where the dust settles. In the next month or so, we all will probably have a better idea of the answer. Times should continue to prove interesting, albeit for much different reasons. Until next time, happy collecting, and we hope to see many of you again at one of our upcoming coin shows.