Coin Show Report - Parsippany, NJ

[DaveG]

I went to the first-Sunday-of-the-month, 80+ dealer show in Parsippany, NJ today. As I've often written, this is a very busy show - today (probably because of the time change) it seemed a bit slow when I walked in at 9:40, but by 11:00, I think the show was back to its usual busy self - hard to get down the aisles because of the crowds.

 

It was interesting today, there were actually one or two empty tables and several new dealers in place of regulars. This show features a lot of the usual "stuff" - MS Morgans and Walkers, classic commems, etc. Seated coins, better gold, nicer Barber material (like everywhere) are a bit thin on the ground.

 

I didn't see that much of interest today, but then, I've been to a lot of coin shows over the past week and I'm a bit broke and a bit tired. It'll be nice to take a break, after four decent-size shows (Baltimore included) in four weeks.

 

One dealer had a sign at his table offering 7.6x face for 90% silver coins.

 

I did see a guy offering (to a dealer with a table) a collection he had recently bought - it included about ten Civil War tokens, an encased postage stamp from the Civil War and a Confederate cent restrike. (You don't see all those things every day)

 

I spoke to one dealer who just got back from Santa Clara - he thought that show is continuing to weaken.

 

I overheard two dealers talking about eBay. One said "I can sell SEGS-slabbed Morgans for decent money on eBay. If I put them out here (at the show), they'll just sit in my case." The other guy said "I never fight with people. If they're at all unhappy, I just tell them to send the coin back for a refund."

[michael]

great report

 

was there A COIN at the show that really impressed you??

 

what was it ?? and why??

[Morgannut]

Thanks for the report--Ive been wondering when dealers will wise up and stop hauling common date Morgans to shows. Like the guy said--Ebay is fine.

[DaveG]

michael: I saw several Bust dollars in PCGS/NGC slabs in VF-20 to XF-45; several were very nice dark gray - a bit rich at current prices, but still nice to see!

 

Dealers will continue to haul common Morgans to shows as long as they can sell them (especially for cash - no shipping or transaction charges).

[jpo1965]

any vam 42?

[DaveG]

I'm afraid I didn't look at silver dollars, so I can't say.

[just carl]

I'm always glad to hear of coin show reports. Not being able to travel far due to medical reasons, it is nice to hear what is going on in the rest of the world.