There really is light at the end of the tunnel. With the reemergence of smaller coin shows around the country, it is only a matter of time before a national show breaks the ice on a larger scale. We were hoping that show would be the Summer Pittsburgh ANA, but it is now apparent that will not happen. Why the ANA has not made the formal announcement is perplexing. We know the tremendous investment that a coin show represents. Many larger venues, like ANA, are planned years in advance. There are significant financial obligations including, but not limited to, booking convention centers, marketing costs, forging partnerships with hotels and restaurants, and the list goes on. To walk away from tens of thousands of dollars (or more) in deposits and financial commitments is no easy proposition. Unfortunately, coin shows are not alone in this sacrifice. Shutting down the U.S.economy was extremely costly, and we are just beginning to feel the effects of the hangover. Although we sympathize with the ANA’s position, they really have no alternatives at this juncture. They are a strong organization with good new leadership that will recover from this blow. We can attest that collector activity throughout the pandemic has been nothing short of astounding. This support level will also translate to our parent organization who represent the lifeblood of our precious hobby. This, we are certain of.
Gold and silver continue their strength. Demand for both metals remains high, although the supply shortages in the marketplace seem to be resolving themselves. Perhaps this is partially responsible for the fervor of numismatic activity that we and other dealers have been experiencing. On the other hand, the numismatic fire may simply be a byproduct of stay-at-home orders and self quarantines. A possibility nobody has really discussed is that numismatics are experiencing a renaissance. If the latter is the case, the timing is highly unusual. There is an old saying, don’t look a gift horse in the mouth. We accept the numismatic business with open arms, and remain extremely thankful and humbled by the resilience and dedication of our collector base.
To repeat our rallying call from months of coin show moratoriums, we still need to buy your fresh coins. Whether you have a single marquis coin for sale, or perhaps an entire collection, our firm is aggressively buying. We hate losing out, so please give The Reeded Edge an opportunity to put our best foot forward.
In closing, we want to reiterate that there are better days ahead, a fact many of you already know. A sense of normalcy is returning to the numismatic community, and we remain extremely encouraged by the feedback we receive daily. Dealers are reopening their shops and offices, both PCGS and NGC are now open for business, and coin shows are systematically returning to the circuit. We are certain that at the end of the day, the numismatic community will be bigger and stronger, in both numbers and support, than it has been in many years. Thank you for standing with us and by us, and most importantly, please continue to stay safe.