After a Fall coin draught that followed us into the new year, it appears that the dam has finally opened. The greatest challenge of the coin market has continued to be buying coins. It didn’t take us long to realize that we had to modify our business model. Coin shows, which traditionally accounted for over half of our coins purchased annually, were curtailed because of COVID. We turned to our customer base for help. Thirty two years in the coin business gave us an advantage in this department, as we had plenty of them to call upon. The rallying cry became, “We need coins”. The response, especially this month, has been overwhelming. Essentially, we have gone from famine to feast. The shelves are stocked again with coins, and although we are still well shy of our inventory levels a year ago, it feels good to have coins to sell. As one of the old time dealers in our business professed, you can’t sell from an empty wagon.
This week, you will find a host of new coins throughout our web store. Silver dollars account for a good percentage of our new acquisitions, and from market strength standpoint, we couldn’t think of a better series to be flush with. Of special note, is a PCGS-graded Morgan Dollar set, essentially complete and with an average grade just south of MS-65. There are some really nice coins throughout this set, but with the newfound demand for this series, we don’t expect these to last very long. If Morgans are your thing, we urge you to take a look through our new purchases. We also have a host of other new coins, ranging from copper to gold. We are keeping our fingers crossed that this rash of new purchases is a sign of better things to come. Until next week, happy collecting.