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Long Beach Show tidbit: SELL, SELL, SELL.

Started by truthteller,

17 posts in this topic

truthteller

truthteller

Posted
Posted

I stopped by the Long Beach show today. SELL was the keyword. Not many dealers want to hold inventory right now. Several bigger dealers are loaded up with US gold and can't unload it for a profit. This cuts SEVERELY into the cash flow. One foreign dealer is dumping all his foreign gold and cutting his losses. I wouldn't say massacre, but by Friday you might have some dealers jumping off their showcases hoping for a quick death.

 

 

TRUTH

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jom

jom

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How unfortunate that the one thing I wanted to do tomorrow at the show was sell a gold coin. Great timing... yeahok.gif

 

jom

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gmarguli

gmarguli

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Went to the show today. Pretty awful. Dealers saying the show sucked. Not the usual dancing around of it not being as strong as they hoped, but saying outright sucked. Not much interesting in the cases.

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JamminJ

JamminJ

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It was rather weak. Nothing much interesting on the world coin front, may German coins brought weak prices in the Goldberg auction. I really hope that behavior carries over to Heritage. 893crossfingers-thumb.gif

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toyonakataro

toyonakataro

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Talking about the Heritage world coins auction, I had my eyes on a Japanese 1 yen in PCGS 67. It is the only coin I am interested in so far this month. But the bid went much higher than I was expecting to pay.

 

 

No coin for me this month?

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jom

jom

Posted
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I'm still in the market for a 1907 Indian eagle in AU. Is now a good time to buy for this kind of gold, or are the big hits on generic bullion value coins? 893scratchchin-thumb.gif

 

It might be as I do expect price to rise again....then again...who the hell knows? 893whatthe.gif

 

You really ought to have me look for one of these for you. I see them all of the time. The date comes real nice even in AU...very similar to the 11-P in that regard.

 

jom

 

EDIT: I forgot to mention. With the exception of hanging out with the gang at lunch the show BLEW.

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jom

jom

Posted
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Talking about the Heritage world coins auction, I had my eyes on a Japanese 1 yen in PCGS 67. It is the only coin I am interested in so far this month. But the bid went much higher than I was expecting to pay.

 

Hey Jammin...wasn't this the coin you looked for at the Hertiage lot viewing?

 

Toy: I believe JJ thought the 65 was nicer...

 

jom

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JamminJ

JamminJ

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Talking about the Heritage world coins auction, I had my eyes on a Japanese 1 yen in PCGS 67. It is the only coin I am interested in so far this month. But the bid went much higher than I was expecting to pay.

 

 

No coin for me this month?

 

I viewed that one in person and decided not to bid after finding the luster dull. Very clean though, I would have bid up to about $2000 if it knocked my socks off.

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JamminJ

JamminJ

Posted
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Talking about the Heritage world coins auction, I had my eyes on a Japanese 1 yen in PCGS 67. It is the only coin I am interested in so far this month. But the bid went much higher than I was expecting to pay.

 

Hey Jammin...wasn't this the coin you looked for at the Hertiage lot viewing?

 

Toy: I believe JJ thought the 65 was nicer...

 

jom

 

Yes, that was the one. The 65 was a better buy, a very nice coin for the grade. The 67 was a better coin on an absolute scale but so-so for the money.

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toyonakataro

toyonakataro

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Are you talking about Meiji36 in 65?

I hope you'll win if you are bidding on it.

I wonder who's the highest bidder on the Meiji27(PCGS67). Heritage/Goldberg are well known in Japan and I might see that coin in a dealer's show case someday at a local coin show.

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JamminJ

JamminJ

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Are you talking about Meiji36 in 65?

 

Yup, that coin was nice. I let that one go but did win one Japanese coin, lot number 52157:

 

Meiji 3 (1870) 10 Sen Shallow Scales, KM-Y23, MS66 PCGS. Blazing white with a frosty reverse and prooflike obverse. A spectacular appearance and the perfect type coin.

 

It was fully cameo prooflike although you couldn't tell from the photos, it made my heart go pitter-patter. I was fortunate enough to flip by it while looking for the MS67 yen.

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