MarkFeld

Sorry, but I don’t agree that a dealer who buys a table at a show necessarily has a “contract” with the public. That is, unless there’s a provision in the show contact about staying until a certain time. Likewise, the public doesn’t have a contract with the dealer, either. They need not attend the show, go to amy particular dealer’s table or do business with them. This type of debate has been going on for many years, and at this point, most show attendees are aware that not all dealers stay for the entire show. And yes, as part of their business, some dealers go to shows and try to make money - that doesn’t make them greedy or bad people. You mentioned the “paying customers”, but what about the far greater expenses that the dealers incur? Depending upon the show, it can be thousands of dollars, considering table fees, plane, hotel, etc. I realize that I might sound as if I don’t care about collectors, but that’s not at all the case. I’ve been an advocate for collectors for over 40 years. But I have much bigger issues with the anti-hobby, anti-collector behavior of some dealers than the fact that they might leave shows early.

You asked “What is the purpose of the coinshow/bourse?" The organizers and promoters have a a purpose for putting it on and different attendees have different purposes for attending. What’s your point?

The answer depends upon from whose point of view you’re asking.

Table holders leave early for various reasons. In many cases, it’s a business/financial decision, as they believe they can get more done back at the office, so time is better spent there. In other instances, it’s a quality of life decision - perhaps they prefer to spend more time with family and/or friends and/or doing something else, rather than stay at the show. I can understand why attendees don’t like it when dealers leave early. But as long as the contract with the show organizer/promoter doesn’t require staying until a particular time, I feel that the table holder should be free to leave when he wants to. He’s the one who pays the fee for the table and is there to do business. If he thinks it’s worthwhile to stay, he will and if not, he won’t.

The 70’s frequently sell for far greater premiums than that.

In addition to that, while I see that you signed up very recently, - so welcome - this thread, titled "Official Saint-Gaudens/Gold Coin Price Thread" wasn't/isn't the place to ask about them.

Even if that's not the case initially, things end up that way over time, due to resubmissions.

My comments have been based upon actual transactions (during the course of 40+ years in the business,) not price guide prices. I feel like we’re going round and round on this subject, so will step off of the merry-go-round.

Pretty much any series, if the AU58 is a nice example and there’s not typically a huge value spread between between 58 and MS60-62. Keep in mind that in a given month, I typically see a lot of coins in most series.

Then your experience is different from mine. My guess is that I see a lot more coins than the two of you do. But that doesn't really matter, as long as you can get the coins you like at prices you're happy with,

The phenomenon isn't limited to just a few types. Often, an AU58 coin can be more (if not far more) appealing than a low grade unc. piece. The latter often gets its low mint state grade, due to lots of marks and/or other problems, which a nice 58 wont exhibit.

I see quite a few nice AU58 coins that bring more than 60 and 61 (and sometimes even 62) money.

You’d buy the coin in “MS67 condition” according to whom and at what price? While well intended, your remark was far too vague to mean much of anything.

Roger, you certainly need not (and apparently don’t) believe it, but I’m perfectly capable of thinking from a collector’s point of view and my opinions aren’t based on “profit”. I believe that my approach is based just as much upon truth as yours is. As I’ve said before, I tend to express my opinions as opinions, whereas you tend to express yours as facts.

I disagree. Even if you think certain coins labeled various numerical grades of AU are in fact, XF, it can still be useful to assign grades (50-58) to coins that others believe to be AU. For example, regardless of how you might categorize them, typically, most people would prefer an AU55 or AU58 to an AU50 or AU53.

Be aware of security at all times - to and from the show, as well as at the show. Show coins, one at a time, to one customer at a time and keep your cases closed, while doing so. Make sure that when someone is looking, coins are at or above table level and in your sight. Price your inventory ahead of time and expect counter-offers, even if your asking prices are reasonable. Know in advance, what types of payment you’ll accept. Have your inventory arranged neatly and in an order which makes it easy for potential buyers to be able to find what they’re looking for. Rent cases and lamps, as you don’t know if this will be a short-lived experiment. Make up a list of necessary supplies. Think from the point of view of both a seller and a buyer.

Welcome to the forum, Mark. It sounds as if you did a great job in following “Buy the coin, not the holder.” If you look at enough coins, you’ll no longer be surprised by such variances in quality. And I believe that applies at all grade levels.

Thanks, I just wanted to be sure on the use of “premium”. Some people uses the word with respect to melt value or to a published bid price, etc.

22% and 27% premiums relative to what? And speaking of “what”, what makes this thread “official”.

I agree with thebeav- The coin looks like a genuine VG example with rim damage.

That doesn’t mean it hadn’t been corrected before then. “Since my message our customer service manager has been in constant contact with this customer. By the time of contact, the data entry error in the order had already been corrected and the order has proceeded as it should through our system. This issue has been fully resolved on our end and the customer received an apology for the brief misinformation on the order status page for his submission....”

I don’t think it’s known how long it took for the error to be resolved. As the submitter never reported back within the thread, after the fact. But in answer to your question - A reasonable length of time, depending upon the specific circumstances. In other words, no specific, time frame.

I’m very sad to hear that. I didn’t know Keith well, but “congenial and professional” sound quite accurate. Thanks for letting us know.

I’d pay far more attention to the coins than the holders. They could be anywhere from under-graded, to nice, to average to over-graded to having issues such as PVC.

I think Fred is a consultant, not an employee of PCGS or member of their staff. And that’s far from semantics. How many PCGS employees and staff members conduct their own businesses and have their own tables at coin shows? For all we know, this has zero to do with the buyout of PCGS.