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All Posts Tagged With: "coin show"

SS Central America Shipwreck “Ship of Gold” Exhibit Comes to ANA World’s Fair of Money in Boston

Exhibit Includes Treasures from 1857 SS Central America Shipwreck

The incredible “Ship of Gold” exhibit, showcasing California Gold Rush-era sunken treasure recovered from the 1857 shipwreck of the SS Central America, will make port in Boston at the American Numismatic Association’s World’s Fair of Money, August 10-14 at the Hynes Convention Center. The exhibit is courtesy of Monaco Rare Coins of Newport Beach, Calif.

The SS Central America was recovered in 1988 from nearly 8,000 feet below the surface of the Atlantic Ocean. The ship sank in a hurricane in September 1857 while carrying California gold from Panama to New York City.

“There will be examples of historic assayers’ ingots as well as San Francisco Mint and California territorial gold coins with a combined value of over $10 million,” said Adam Crum, vice president of Monaco. “One of the highlights is a huge Kellogg & Humbert ingot. Weighing just over 55 troy pounds, it is the largest surviving gold ingot of the California Gold Rush.”

The exhibit also includes one of the 13 recovered octagonal $50 gold pieces produced by the United States Assay Office of San Francisco, and the remains of a wooden cargo box that still contains approximately 110 Double Eagles as they were found on the ocean floor. Many appear to be 1857-S $20 gold pieces, apparently freshly struck at the San Francisco Mint when they were placed in the container for shipping.

Visitors will see the front pages of three 1857 newspapers that published stories about the shipwreck, the ordeal of survivors and the devastating economic effects created by the loss of the gold. Robert Evans, the chief scientist on the 1980s mission by the Columbus-America Discovery Group that located and recovered the magnificent sunken treasure, will be in Boston to meet visitors and discuss the SS Central America, her cargo, crew and passengers.

The Ship of Gold display was first publicly presented in February 2000. Over the years it has been seen by more than one million people in exhibitions at several venues and cities across the country.

[iframe http://www.coinlink.com/Video/032310_ship.html 544px 395px]

[Adam Crum of Monaco Rare Coins Gives a  Tour of the Exhibit – Originally Filmed on Long Beach
Video Courtesy of CoinTelevision.com]

The ANA World’s Fair of Money is the nation’s premiere money show. Show hours are 1-5:30 p.m. August 10, and 9:30 a.m.-5:30 p.m. August 11-14. Dealer set-up is from 8 a.m.-
1 p.m. Tuesday, August 10. Admission is $6 for adults, and free for ANA members and children 12 and under. For more information on all of the show highlights, call 719-482-9857 or visit www.worldsfairofmoney.com.

The PCGS Las Vegas Invitational Coin Show

Market Report by Laura Sperber of Legend Numismatics

We were blown away at how many people attended. Dealer wise, the list was impressive. Collector wise, Thursday was a list or who’s who! In our opinion, it was the best attended show so far.

Dealer to dealer was not just strong, it was almost crazy. Our first sale was to the first dealer we saw and it was for $40,000.00! From there it was off to the races. Interestingly, Gold was red hot (especially generics) but soup to nuts coins were right up there too. Better gold did enjoy the strongest demand (things like MS65 $5 Indians, better date $10 Indians, and of course any rare date Saints). Selling was too dealer to dealer was almost too easy.

There were a few dealers who came in to “walk” the room. Our top stealth team seller was there and sold six figures just by walking around! Others were there trying to buy for Want Lists (we had two serious offers on our PCGS $2 1/2 Indian set) . And of course a dealer really wanted to buy our flipped over (sold back home) High Relief PCGS MS65 CAC. We actually stopped our wholesale activity early to keep some coins inventory for the upcoming Long Beach Show!

Selling to collectors at this mini show (there are only about 15 tables) was better than our last Long Beach and Baltimore Shows! The first collector who we saw sat down, looked at our PCGS PR66 CAC Barber Dime set and just wrote the check! After that we sold two two coins for over $10,000.00 each to other collectors.

THE MARKET

As you can expect, Gold has heated up and is back in demand. We did warn you! However, we are not certain this week gold won’t take a short breather. Even if it does not, apparently the telemarkters recieved massive orders and are back out searching for coins ranging from bullion to expensive rarities. We expect ALL rare gold to remain strong (even if spot gold comes down) becuase there is strong demand and practically no supply. It seems many people feel building a GEM Gold Type set is a very acceptable way to own gold and hedge on it (we do agree).

NOTE: When buying better gold-make sure it is CAC’d. It is not so much because of the grading, its because of so many coins being doctored in some way. Legend is an owner of CAC and sells ONLY CAC stickered coins. We made this decision based upon the serious number of bad gold pieces we have seen. Dreck like that you do not want to be stuck owning. We can tell you BOTH David Hall and Mark Salzberg are committed to the war against coin doctors as are the principals of CAC. We just wish more dealers would take a stand against these villians among us who are ruining coins.

We saw very few coins “made” at the show that were not of the generic gold nature. So the supplies of all metals of all rare coins is still slim to non existant! We still urge you to buy when a great coin does become available-even if there is a strong premium involved. There was some dreck in a few dealers boxes, but those dealers will always have more dreck than nice coins as they are price buyers/crackout dealers.

Preparing Yourself for the FUN Coin Show in Orlando

BY Doug Winter – Raregoldcoins.com

Amazingly, the 2010 FUN is a scant two weeks away. If you have decided to attend the show (and I strongly suggest that if you go to just one show all year that this you consider this one) here is a short list of things to consider.

orlando_convention_center1. Bring a good lamp. Viewing conditions at the FUN show are not optimal and a good coin viewing lamp is essential. Try if possible to recreate the conditions that you use when you view coins at your home or office.

2. Pull the trigger on really cool coins. My gut feeling is that really good coins are going to be in short supply at this year’s FUN show. My best advice is that if you see something that looks really great or something that you’ve wanted for a long time, don’t waffle.

3. Take an hour lunch break every day. The FUN show is huge and it can be a pretty intense experience for the collector and dealer alike. I think it’s a great idea to leave the show for an hour every day in order to eat a good lunch and take a coin break. Some of the worst purchases I’ve ever made at shows have been when I’ve been tired, cranky and hungry.

4. Have a game plan. If you’ve never been to a major show like FUN, it can be really intimidating. There are hundreds and hundreds of dealers and it’s hard to know where to start. Before you go, spend time on the FUN website (www.FUN.org) and make a list of the dealers that you want to see first. (more…)

Rare Coin Markets in August 2009, Part 1

Part One of a Three Part Series on the state of the Rare Coin Market. by Greg Reynolds

Proof Saint Gaudens $20 Gold coinsIn early August, while attending the recent ANA Convention in Los Angeles, I spent considerable time interviewing dealers and checking out coins that were being offered. Coin markets are very healthy in that there are plenty of buyers for scarce and rare coins at the current price levels, and there were a substantial number of serious collectors buying at the Convention or being represented by dealers. Certainly, collectors are more active now than they were in March or April, or even in June. Quite a few dealers and collector-sellers refuse to sell many of their coins at the current levels.

Some categories of rare coins have maintained their values or fallen only slightly over the past year; other categories have fallen 20% to 45%. My impression is that markets for scarce and rare U.S. coins, on average, are down 18% to 25% over the last twelve months, though many great coins have held their value.

There has always been a gap between the prices for coins that are mid range to high end for their respective PCGS or NGC assigned grades and those that are low end or have substantial negative characteristics. As is analyzed in my companion article, the price gap between the high end and low end for coins of the same type, certified grade and date (or equivalent date) has widened over the past twelve months and was especially evident in trading at the ANA Convention.

John Feigenbaum, president of David Lawrence Rare Coins, declares that, at the ANA Convention, he “found the market to be a lot more vibrant than expected with many of [his] contemporaries ready to do deals. The key remains that one has to price coins at current market prices, which are generally down from six months ago. But the difference between [the ANA Convention] and say the Central States show was that people were looking to do business. The last nine months have been lethargic at the wholesale level.”
(more…)