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All Posts Tagged With: "Central States"

CSNS Coin Show Report

By Bill Shamhart – NumismaticAmericana.com

I just returned home after a short 1 1/2 flight from Milwaukee, and thought I’d write about the Central States Numismatic Society’s show that was just held. First off let me say that this year marks my 30th year as a Life Member of the CSNS. And I’ve attended at least that many shows of theirs. But this one was different.

I arrived on Tuesday to look at the inventory of some of my contacts, as I usually do. Not much to report there. I know it sounds like a broken record, but really nice coins aren’t available like one would think. Basically a wasted day. Centralstates2010Homepage On to Wednesday, PNG day. I was able to find a few morsels, but I sold at least two coins for every one that I bought. For the first time in a long time, every time I sold a coin I asked myself when (and how) was I going to replace it. Let’s give PNG day a B-. But it ended on a good note at a great restaurant: STANFORDS.

Thursday was the “official” set-up day for Central States. All dealers. All day. Unless of course the collectors wanted to pay a ridiculous fee of $75.00 for a “professional pre-view” badge. Which in my opinion was a bad move on the show management’s part. Serious collectors may have, or may not have, been at the PNG day and expected to attend the “show” the next day, only to find this arrangement. Every dealer we spoke with thought this was a horrible idea. I must say I agree with them. First off, no where was this publicized. Nobody knew of this move until they got to Milwaukee. Hopefully the board of Central States will learn a lesson from this blunder and NEVER do something like this again.

So…how was the show after the public got in? Good. No, really good. We saw many familiar faces, met some new ones, and sold coins. Gem type coins and Commemoratives (both silver and gold) were in demand. Several collectors looked at pieces, said they might come back (and they did) only to find their items of interest already in the hands of another. I have always said, and will continue to say, that the time to buy the “right” coin is when you see it. I’m not talking about an impulse buy, or maybe a coin you have a passing interest in, but that special one. The one that you’ve been looking for for a long time. I know that when I see a great coin, I know that I will be buying it. It is just a matter of negotiating price. Collectors should learn that trait. Good coins sell themselves, and quickly.

The membership of the Central States Numismatic Society is a diverse one. Coins, paper money, medals and tokens, and Americana. There were collectors at this show looking for it all. In addition to our rare coin sales, we sold quite a bit of Numismatic Americana. Original memorabilia for U.S. Commemorative coinage was in “big” demand. In fact, we sold all that we brought. Items from the 1896/1900 election between William McKinley and William Jennings Bryan were also sought out. It’s great to speak with collectors and hear the “passion” in their voice when they talk. It reminds me of why I do what I do. (more…)

Heritage CSNS Coin and Currency Auctions Tops $25 Million

Gold remains dominant in surging rare coin market; 1921 Saint-Gaudens, Ex: Norweb, leads all lots with $218,500

With the final tallies for Heritage’s April 28 to May 3 Milwaukee Central States Numismatic and Currency auctions in at more than $20 million jointly – $16.9 million in rare U.S. Coins and $3.1 million in rare currency – the totals of the two auctions, in combination with the previous week’s Chicago International Coin Fair World Coin auction – a $5.2 million event – made for a 10 day stretch that totaled more than $25 million in total for the company. All prices include Buyer’s Premium.

“We continue to see great prices across all categories, with gold simply dominating,” said Greg Rohan, President of Heritage. “The economy is definitely improved, so we saw less volume as collectors don’t absolutely need to sell. That said, however, the market continues to climb past the previous record 2007-2008 levels on many coins.”

The rare U.S. coins portion of CSNS saw a superb 89% of lots sold by value and 92% by total number of lots, contested by just more than 7,250 bidders, while the rare currency sessions saw a highly respectable 86% of lots sell by value and 94% by total lots, with 1,915 bidders vying for the offerings.

The top lot in CSNS was the Select 1921 Saint-Gaudens Double Eagle MS63 PCGS, Ex: Norweb, an historic absolute and condition rarity with few peers in the world of numismatics, which brought $218,500

“We continue to see great prices across all categories, with gold simply dominating,” said Greg Rohan, President of Heritage.

“Gold currently rules, and the king is Saint-Gaudens,” said Rohan, “and the 1921 Saint-Gaudens double eagle is a premier rarity in the series, ranking as the third rarest regular issue, behind only the famous and ultra-rare 1933 and 1927-D examples. The price that this very smart collector paid for this amazing and famous coin is money very well spent.” (more…)

Heritage 2,700+ Lot Currency Signature Auction at Central States, April 28-May 3

The Official Currency Auction of the 2010 Central States Numismatic Society Convention in Milwaukee will be conducted by Heritage Auctions April 28 to May 3. The auction will include three floor sessions and an online session. Lot viewing will be conducted at the Midwest Airlines Center, Rooms 201 A thru D, 400 West Wisconsin Avenue, Milwaukee, Wisconsin 53203 and the floor sessions will be held in Rooms 203 A and B.

Session One starts Wednesday evening, April 28, at 6 p.m. CT, and includes Colonials, Fractional Currency, Obsoletes, Confederate Notes, and Canadian Currency. Featured lots include: Fr. 1330 50¢ Third Issue Spinner PMG Gem Uncirculated 66 EPQ; a rare Kirtland, OH- The Kirtland Safety Society Bank $50 Mar. 9, 1837 G16 Wolka 1424-16 Rust SV6; New Orleans, LA- Citizens’ Bank of Louisiana $10 Uncut Sheet of “Dixie” Notes PMG Choice Uncirculated 63; T2 $500 1861 PF-1 PMG Choice Very Fine 35; and a unique Windsor, NS- Commercial Bank of Windsor $20-$20-$20-$20 Ch. 195-10-02S Uncut Specimen Sheet PMG About Uncirculated 50.

National Bank Notes will be sold during Session Two
, on Thursday, April 29 at 6 p.m. CT. The auction includes Part II of selections from the Lone Star Collection, an assemblage of National Bank Notes formed over three decades consisting of the very finest notes that could be obtained from Arkansas, Oklahoma and Texas. The consignor’s Arkansas collection is almost certainly the finest ever formed, with his Oklahoma holdings ranking as one of the two greatest collections ever formed on that state, and the Texas collection rivals any ever assembled save for that of William Philpott.

Among the notes from the collection being offered are a unique Serial Number One $50 Date Back from Oklahoma Madill, OK – $50 1882 Date Back Fr. 564 The First NB Ch. # (W)5404 PMG Very Fine 20 and Marietta, IT – $10 1882 Brown Back Fr. 490 The Marietta NB Ch. # (W)5958 PMG About Uncirculated 55.

Additional National Bank Note highlights from Session Two include: Oakland, CA – $10 1875 Fr. 419 The Union National Gold Bank Ch. # 2266 PCGS Very Fine 35PPQ; Serial Number One Lead, SD – $5 1882 Brown Back Fr. 472 The First NB Ch. # 4631 PMG Very Fine 30; and Serial Number One Lake Ronkonkoma, NY – $20 1929 Ty. 1 The NB of Lake Ronkonkoma Ch. # 13130 PMG About Uncirculated 55 EPQ.

The floor sessions of the auction will conclude with the Friday evening Session Three
offering of Small Size Currency, Error Notes, and Large Size Type Notes. The session will begin at 6:00 p.m. CT. Small Size selections include: Fr. 2221-H $5000 1934 Federal Reserve Note PMG Choice Extremely Fine 45 Net; Fr. 2231-J $10000 1934 Federal Reserve Note PMG Extremely Fine 40 Net; and Fr. 2407 $500 1928 Gold Certificate PMG Choice Very Fine 35. (more…)

Adkins, Garrett and Leidman will lead PNG “Ask The Experts” Seminar at Central States

The Professional Numismatists Guild will conduct another in its continuing series of PNG Share the Knowledge seminars at the Central States Numismatic Society 71st anniversary convention in Milwaukee, Wisconsin at 1 p.m. on Friday, April 30, 2010. The educational session is free and open to collectors and dealers, and a complimentary light lunch will be available for audience members.

“Gary Adkins, Jeff Garrett and Julian Leidman, three outstanding professional numismatists including two former PNG Presidents, will conduct an Ask the Experts session to answer the audience’s questions about the hobby and the rare coin marketplace,” said PNG Executive Director Robert Brueggeman.

“Any and all numismatic topics are open for questions, from what to collect, the best ways to buy and sell, third-party grading and so on,” explained Paul Montgomery, PNG President. “These three distinguished panelists have over 100 years of cumulative experience and knowledge in numismatics.”

Former PNG President (2007 – 2009) Adkins is President of Gary Adkins Associates, Inc. of Minneapolis, Minnesota and helped create the PNG Share the Knowledge series that was launched in 2008 to underscore the organization’s motto, “Knowledge. Integrity. Responsibility.”

Former PNG President (2005 – 2007) Garrett is President of Mid-America Rare Coin Galleries in Lexington, Kentucky and Sarasota Rare Coin Galleries in Sarasota, Florida. A current member of the American Numismatic Association Board of Governors, he is the author of Encyclopedia of U.S. Gold Coinage and co-author of 100 Greatest U.S. Coins, among other books, and was a featured speaker in the first PNG Share the Knowledge seminar in February 2008.

“Sometimes the world of coin collecting can be quite confusing. Having access to a seasoned professional can be informative and useful, and collectors of all levels will be able to get answers from us on a wide range of subjects. Remember, knowledge is one of the most valuable assets when purchasing rare coins,” said Garrett.

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