Funny how things work. We expected this to blow away Long Beach, but for us, it ended up the quieter show. Overall, we still did several hundred thousand in business and unlike Long Beach, we did do some retail. The only thing we could not do: BUY COINS! Yet again, the floor was beyond dry. NOTE: We had commented that at the last LB Show you could “bowl down the isles.” An attention seeking know-it-all type dealer who has nothing better to do than troll gossip boards for biz, made some comments on a chat board that this was not true and that we had our backs turned. Well, that was BS and we totally stand by that comment and ALL our observations for the Long Beach show. Ask any major dealer who has attended that show for years, the public attendance is badly declining. There is no specific reason.

The Baltimore Show simply had too many odds going against them this time for it to be a great show. Having a major show the week before was the #1 problem. The overal uncertainty of the economy probably was #2 (i.e high gas). #3 bad luck with the killer heat (weather). And last, #4-many collectors along the East Coast simply are waiting for the summer ANA Show at the end of July (which is also in Baltimore). Dealers certainly were burnt out from all the recent travel. Less then the usual amount of summer dealers attended (so it seemed). Still, everyone who was there clearly tried to make the best of it. If you had nice and fresh coins, they immediately sold the first day or to the first person you showed.

Surprisingly to us, the collector turn out was a little heavier than what we thought it would be. However, it was still incredibly less than what the March show brings in. Many substantial dealers felt (for them) the show really ended by 10 AM Friday. Very few stayed for Saturday. We ourselves did NO business Saturday at all and we were bone tried, so yes, we left early.

We strongly feel this show should NOT be used to measure the market, it was most likely an abberation.

Yet again, we congratulate Mary Counts, David Chrenshaw, and all the Whitman people for working hard to put on what clearly has become the BEST privately owned show in the biz. We just wish circumstances could have been better for them this time around!

Read Full Market Report Here 

Douglas Winter Market Report - Baltimore and Pheonix

I love the Baltimore show. Unlike some conventions that feel like they are in a death spiral, you can clearly sense that this show is fresh, healthy and on the upswing. And this year’s first edition was excellent.

The only negative about this show, at least for me, is the epic day-long schlep that entails getting to Baltimore from Portland. If anyone reading this would like to exchange trips on their private jet for U.S. gold coins please feel free to propose a trade immediately.

I spent two full working days in Baltimore. The first, a Thursday, was essentially a wholesale-only day. As you will probably guess, the usual “it was hard to buy and easy to sell” mantra held to form. Except that this time it was exceedingly hard to buy and really easy to sell. Every dealer I chatted with, even those with reputations for exageration, confirmed this. In the world of nice, interesting coins it’s as dry as the Mojave on the bourse floor!

My second day, a Friday, was more of a retail day. From the opening of the show until the end of the day I had a constant stream of serious buyers at my table. Most walked away with a new purchase or two and most seemed very enthusiastic about the show. (more…)

The second and third in a year-long series of free Professional Numismatists Guild “Share the Knowledge” educational seminars will be conducted in conjunction with the Whitman Baltimore Coin and Currency Convention on February 29, 2008 and at the American Numismatic Association’s National Money Show™ in Phoenix on March 8, 2008. A complimentary light lunch will be available at both programs.

Robert Rhue of Denver, Colorado, a member of the PNG Board of Directors, will present a seminar entitled, “Collecting Coins, Medals and Tokens From the Back of the Redbook,” at Noon on Friday, February 29. The one-hour program will be conducted in room 303 of the Baltimore Convention Center.

“If you want to learn about many interesting areas of numismatics apart from Federal issue coinage, come to this short overview seminar on ‘the back of the Redbook’ (the popular, annual reference, A Guide Book of the United States Coins). Knowledge is king, and knowing more about Territorial coins, Lesher dollars, errors, patterns, Hawaiian coinage and other fun, esoteric areas, might just someday present an opportunity for you that could translate into a pleasant financial reward,” said Rhue.

Internationally known bank note expert, Tom Denly of Boston, also a member of the PNG Board, will present a seminar entitled, “The History of U.S. Paper Money and How to Collect It,” at Noon on Saturday, March 8, at the ANA’s National Money Show in room 102-A of the Phoenix Convention Center West Building. (more…)