Anual Greater Jacksonville Coin Show

Greetings Collectors,

I just got home a few minutes ago and wanted to share the only two purchases I made at the show. The two coins pictured is the "reverse only", and were two of the nicest coins for the grade that I found today. I was busy with work yesterday and was not able to make it down to the show until today. This was actually the first Saturday of this yearly show I have ever missed. To try and make myself feel a little better, I thought that maybe that the dealers, if it was like most past shows, would have had a busy day buying on Friday from each other and from the public on Saturday and that there may be some decent deals to be had.

I am always on the lookout for Franklins and saw a real nice 1949-D, a key date in a PCGS holder graded MS-65 FBL. The coin had some attractive golden toning but could not come to what I believed to be a good enough deal. I would have had to pay around $600 & change and with my budget being what it was, I wanted to leave those funds intact for a couple of gold purchases. I also took a few coins to trade, one being that wonder deal I got on the 2008-W reverse of 07, from a month or so ago, part of a 5-coin lot purchased on eBay for around $150 for the five raw coins. 4 proofs and 1 mint state all in the mint boxes with the one Unc. being the semi-rare 08-w. That SE ended up being an even trade for the 1886-S $5 Liberty in an NGC-62 holder. The other coin I have pictured here was the "under-grade" of the century. The $10 Liberty you see here is a 1905-S in a PCGS AU-58 holder. The obverse of this $10 is just as nice as the reverse and for those of you that know this series, I'm sure will agree, (as did most other dealer friends I showed it to) is a very solid MS-62 or better coin. But having said that, I am done with the "cracking out" deal after being burned several times lately. I will say that at most, I will send this to NGC, intact in its PCGS holder and see if they will "bump" the grade a notch or two or more... This is yet another case of "buy the coin" and not the "graded holder" because I am convinced this coin is way better than AU-58. I was very lucky that the dealers wife, whom I was dealing with on this purchase was given instructions on how far she could come down % wise on any given coin as her husband was not present at the time I was at their table. So I ended up paying 15% less than gray sheet bid on a AU-58 piece for AU-58 money. I felt like I stole the coin or at worse, just got an absolutely "killer deal" on it.

The 1886-S $5 is a common date with 3,268,000 minted while the 1905-S is the best date of all $10 Liberties for the entire 20th century, and actually going back to the early 1890's with no coin surpassing its worth in this AU-58 grade and above except the 1893-CC. This $10 is a coin I am very excited about and one that I feel very fortunate to have aquired, for the money paid. Each time I go to a show, I come away with a coin that to me appears to be an "awesome" deal. This 05-s is a prime example of a deal, like other deals, that are just waiting for someone to come along and take advantage of. This was a great day to be a "coin collector". Oh, BTW, I have just entered both of these gold coins into their respective sets in case you want to see what the obverse of each looks like. I hope each of you has been having loads of fun with your coins and are "zeroing" in on the pieces that have been eluding you. Happy Collecting to all!

WKF