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Category: Dealer News

Legend Market Report – The PCGS Invitational

This was by far the BEST one we have EVER attended since they began about 5 years ago. No, its not because our Jose sat down and in a few spins won a 4800 quarter jackpot, no activity on the bourse was strong.

Grading wise, we were happy they held the line and there were no massive quantities of drecky generics made. In fact, most dealers who do make coins like that did not seem happy with their results. Maybe they need to change their rose colored glasses? Those days are over!

Selling wise we were shocked. WHOLESALE was strong, as strong as we have EVER seen it-in fact we were surprised. Another deler who was only there for a day claims he sold six figures (we do believe him). Dealers wanted to do business. It is a possibilty they saw this small show as a chance to stock up for ANA. There were only about 25 tables.

The public turn out was decent. You don’t get more than 50 or so collectors coming to these (especially with the temps at 110 outside). But each show we are seeing a different collector or two who are there to spend some serious money. This show, we sold two coins OVER $25,000.00 to collectors! Thats more than we can do at Long Beach these days! Even more to our surprise, we were able to BUY some really nice coins as well from the public. We look forward to the next show in Septemeber.

BACK AT THE OFFICE

Sales were strong. We had hoped to make it a week to catch up on our paperwok-NOT! We ran a little sale (did very well) and managed to sell some bigger Want List coins. Collectors now can see there is not a ton of exceptional material in the ANA and pre ANA Sales to satifisy their hunger. So they are now back buying off of web sites (so it seems).

We also did a totally surprise huge seven figure sale in matter of minutes. We will be announcing that sometime next week.

You will be shocked how strong the $1 million dollar PLUS market for coins is. Does it make a difference to the collector buying an 1879S MS65? in our opinion, YES! It shows confidence. ALL levels of coins buyers always seek confirmation of confidence. Plus, you will find dealers with strengthen their bidding on less expensive items knowing the top tier is really strong, or they may have sold a huge coin and have become flush.

THE ANA AUCTIONS

We have now looked at B+M and Heritage. If you wish representation, please contact us NOW! We will be pretty cranky if you show up at the ANA table and ask us then. ALL representation is on a first come first serve basis. There are some great coins in these sales.

Do not forget to check out the Simpson coins in the Heritage sale. We sold him virtually ALL the coins and most are of the top quality you have come to expect from us. NOTE: We did NOT send all the coins to CAC. If you need to know which did go, please contact us. We will give you an honest opinion of the coins. Pattern collectors, this offering represents some exceptional opportuntiies-do NOT miss them (and Mr. Simspon will not be bidding-how refreshing)!

THE DENALI PATTERN COLLECTION

WOW, this is some collection. We did get all the coins graded at the PCGS Invite. Even David Hall came up to us to say how blown away he was at what he saw. Due to time restraints, we are hoping to have some portion of the collection ready for offering by next Monday. We know the bulk will not be offered until either at the ANA Show or shortly after. We still need to figure pricing and reinventory the coins.

We will confirm the collection consists of a 2Cent set, a 3CN+3CS set, a 20C set, and the most comprehensive set of patterns from 1870 (not he 1870’s, just 1870) EVER formed. There are an incredible amount of 1-2 known R-8 coins and many FINEST KNOWN coins (including a MONSTER 1869 25C PCGS PR68 cameo J-894-which we believe is the FINEST known Standard Silver 25C). If you need top quality coins from any of these sets, stay tuned!

Rare Coin Wholesalers Names Laurel Kamper Marketing Director

Laurel Kamper has been appointed Marketing Director of Rare Coin Wholesalers (RCW) of Irvine, California.

“Laurel has excellent experience in successful advertising and marketing in a half dozen business fields as well as trade shows. She’ll be a tremendous help in our efforts to keep our company in the forefront of the numismatic community, and to expand the awareness and enjoyment of rare coins with new audiences outside the usual hobby universe,” said Steven L. Contursi, RCW President.

Contursi generated international headlines in May when he sold his unique 1794 specimen Flowing Hair silver dollar for a record $7.85 million.

A native of New Jersey, Kamper is a Magna Cum Laude graduate of the University of Alabama with a major in advertising and a minor in English.

“I’m very excited to be working with the RCW team. We’ll be looking at fresh advertising and marketing strategies to educate new customers about the benefits of rare coins because they can be a great asset to an individual or investor. Keep an eye on RCW for upcoming announcements and a ‘new look’ in our print materials and web site,” said Kamper.

For additional information, contact Rare Coin Wholesalers, 8015 Irvine Center Dr., Suite 440, Irvine, California 92618. Phone: (800) 347-3250 or visit online at www.rcw1.com.

Gold to Shine in Forum at World’s Fair of Money

Two leading experts on the acquisition and trading of gold coins and bullion will provide a wealth of inside information on those subjects – free of charge – during the ANA World’s Fair of Money (www.WorldsFairOfMoney.com), the year’s biggest coin show, on Friday, August 13, 2010, at the Hynes Convention Center in Boston, Massachusetts.

The experts, Scott A. Travers and Maurice H. Rosen, will be the featured speakers at Coin Collector’s Survival® Conference 2010, a 90-minute seminar that will give attendees useful information on how to “survive and thrive during the decade of gold.”

The Survival Conference will start at 10:30 a.m. August 13 in Room 200 of the convention center. Admission is free, and everyone who attends will receive a copy of one of the bestselling books authored by Travers, as well as a newsletter published by Rosen. The free books and newsletters will be vintage copies of earlier editions.

Travers is a nationally known New York City coin dealer, author and consumer advocate who has written more than half a dozen award-winning books, including The Coin Collector’s Survival Manual®, a hobby bestseller that will have its seventh edition published by Random House in November. The New York Times has described him as “the Ralph Nader of numismatics” for his consumer activism.

Rosen is a prominent professional numismatist and coin market analyst from Plainview, New York, whose influential Rosen Numismatic Advisory is recognized perennially as the outstanding newsletter in the field of rare coins and precious metals. He forecasts in the soon-to-be-published edition of the Survival Manual that “by the end of 2020, the price of gold in U.S. dollars will be $5,000 to $10,000 per ounce.”

Travers and Rosen both foresaw the tremendous advance in the market value of gold well before it began. Travers was predicting $1,000-an-ounce gold in books and articles several years beforehand, when the price was less than half that amount and barely one-third its present level of about $1,200.

Also taking part in the symposium will be Jerry Jordan, award-winning news editor of The Examiner, a newspaper in Beaumont, Texas, who wrote a series of articles exposing apparent abuses by traveling gold buyers. Jordan’s four-part series revealed that in many cases, the itinerant buyers – operating out of hotel suites – apparently offered unwary sellers a small fraction of the true value for their gold coins and jewelry.

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