FUN Newps and Show Report 

January 24, 2013

We had a super show at FUN!  Our table seemed to be constantly busy, and I want to thank my table assistants, Dick Graham and Richard Meaney, for helping out at the show.  There was definitely a buzz in the air at the FUN show.  At our table, Bust dimes were flying out of the cases, as well as Bust and Seated half dollars.  Highlights of our newps include the 1833 JR-3 dime in AU, clnd., from the Jules Reiver collection, an 1870-S dime in PCGS XF-45, some scarce Bust quarters, a nice group of original semi-key Seated quarters, a rare 1806 O-123 prime half, a low-grade PCGS graded 1836 O-121 half, an 1852 half, an 1873 Open 3 half in PCGS AU-58, and an 1854 Seated dollar in NGC XF-45.  We did not sell the 1806 O-108 (R7) half in PCGS F-12, but we are accepting bids on that coin. 
All of our coins including the following newps are posted on our website  If you see any coin(s) of interest, please call (717)533-2935 or (717)579-8238 (cell) or e-mail us at to reserve the coin(s)
that you want.

Bust Half Dimes1797 LM-1 R3, 15 stars, ANACS VG-8 details, clnd.1,950
Bust Half Dimes1829 LM-7.2 R-4 NGC AU-58650
Bust Half Dimes1832 LM-10.4 R-6 G-4175
Bust Half Dimes1835 LM-9.2 F-12225
Seated Half Dimes1837 No Stars Small Date EF-40260
Seated Half Dimes1837 No Stars Small Date VF-20150
Seated Half Dimes1840 No Drapery MS-61325
Seated Half Dimes1840-O No Drapery Transitional NGC AU det., cleaned3,450
Seated Half Dimes1844-O Small o PCGS Gen., smoothed, AU det., coin turn reverse1,750
Seated Half Dimes1864 F-12, scrs., business strike625
Seated Half Dimes1867 PCGS AU-581,100
Bust Dimes1798/7 13 star rev. PCGS PO-011,395
Bust Dimes1814 JR-5 R-3 STATESOFAMERICA PCGS F-12875
Bust Dimes1820 JR-2 R3 Office Boy rev., F-12 / VF-20150
Bust Dimes1821 JR-8 R2 Small Date VF-20275
Bust Dimes1825 JR-1 R4 PCGS VG-10160
Bust Dimes1833 JR-2 R5 F-12195
Bust Dimes1833 JR-2 R5 F-12 / VF-20175
Bust Dimes1833 JR-3 R6 AU details, clnd.5,950
Bust Dimes1833 JR-7 R-5 F-15, clnd.275
Bust Dimes1833 JR-7 R-5 VG-8, clnd.150
Bust Dimes1834 JR-3 R-5 VF-20, scrs.450
Bust Dimes1834 JR-4 R3 EF-45, lt. clnd.250
Bust Dimes1834 JR-7 R2 Sm. 4 EF-40, rim nick225
Bust Dimes1835 JR-6 R4 ANACS AU-581,100
Bust Dimes1835 JR-7 R5 ANACS EF-40475
Bust Dimes1837 JR-3 VF-35 LDS, die crack thru date300
Seated Dimes1840 F-104a R5 VG-10, rev. scrs.60
Seated Dimes1853-O F-104a, shattered obv., VF-20, scrs.125
Seated Dimes1870-S PCGS XF-451,695
Bust Quarters1805 B-5 R-5 PCGS G-61,800
Bust Quarters1815 E counterstamp ICG EF-401,800
Bust Quarters1818 B-6 R-4 PCGS VG-8 EDS425
Bust Quarters1820 B-5 R-5 PCGS G-6525
Bust Quarters1835 B-8 R4+ NGC XF det., clnd.400
Bust Quarters1836 B-2 R-2 EF-40375
Seated Quarters1840-O W/Drapery, Sm. O, 1-B, NGC AU-53900
Seated Quarters1840-O W/Drapery, EF-AU, lt clnd 2-C525
Seated Quarters1840-O W/Drapery, VF-20 or close, Br. 2-C175
Seated Quarters1842 Lg Date VF-20475
Seated Quarters1842-O Small Date, PCGS G-6895
Seated Quarters1851 PCGS XF-451,100
Seated Quarters1863 F-15+275
Seated Quarters1864 F-15375
Seated Quarters1866 PCGS PR-581,050
Seated Quarters1867 PR-55675
Seated Quarters1867 G-4/6, business strike700
Seated Quarters1868 VF-25, business strike700
Seated Quarters1868 F-12, business strike575
Seated Quarters1880 VF-30, business strike650
Seated Quarters1882 F-15+, business strike625
Seated Quarters1888 VF-35, business strike775
Bust Halves1806 O-123 Prime R-6 VF-251,400
Bust Halves1826 O-118a NGC AU-58850
Bust Halves1836 O-106 NGC AU-551,650
Bust Halves1836 O-121 R5+ PCGS G-41,000
Bust Halves1837 PCGS VF-35700
Bust Halves1838 PCGS XF-45650
Seated Halves1840- (O) Medium Letters PCGS G-6, 2nd obverse850
Seated Halves1846 Medium Date PCGS EF-40500
Seated Halves1846 Medium Date VF-30260
Seated Halves1847-O AU-50475
Seated Halves1847-O WB-27 R4 F-12 rev. of 1848-O125
Seated Halves1852 PCGS Gen. EF details, scrs.1,700
Seated Halves1852-O VG-8 425
Seated Halves1860 AU-50400
Seated Halves1873 Open 3 No Arrows Half PCGS AU-5832,500
Seated Halves1876-S VF-20 or close100
Seated Halves1890 MS-62 in a PCGS Gen. holder1,300
Seated Dollars1854 NGC XF-454,950
Seated Dollars1859-O NGC AU-551,350
Half Cents & Cents1882 Indian cent NGC PF-65 BN (blue)1,300
2c, 3c & 20c Pieces1871 3c Silver NGC MS-631,500
Nickels1878 Nickel PCGS PR-621,350
Other 10c thru $11976-D Quarter DDO-1 AU-50675
Other 10c thru $11887 Dollar PCGS MS-64495
Other 10c thru $11990 American Silver Eagle, PCGS MS-66300
Colonials1779 Rhode Island Ship Token, PCGS VG-81,350
Coin Auction Observations 
Some people say that all coins sell for more at auction than anywhere else.  If I believed that, I would immediately consign my entire inventory to auction!  You often hear about the coins that sold for super-high numbers at auction.  That is what makes headlines in the coin magazines, and makes good ads for the auction companies.  However, at many auctions, about 10% - 15% of the coins sell for high prices and about 30% - 35% sell for low prices, which means that about 50% to 60% of the coins sell for about what they should sell for. 
How do you make this knowledge work for you?  When I examine an auction, I might have 30 lots I am interested in.  And since 30% - 35% of the lots sell for low prices, that means I focus on buying those 9 to 10 coins, not the 5 coins that sell for high prices. 
Did you know that most of the coins at coin auctions are bought by dealers?  The volume of coins sold in auctions is just too much for collectors to buy them all.  And dealers usually know a nice coin when they see one.  Dealers usually have examined the coins in lot viewing, and they will pay up for a really nice coin.  But if there is an ugly coin with a nice picture, that coin is usually bought by a remote bidder who hasn't examined the coin in person.  And, if the coin is a real dog, that bidder might have just lost 50% of his purchase price.  Auction representation can keep you from buying the wrong coin. 
Auction fever does exist, and sometimes it makes sense!  Sometimes a really high price will result when two bidders get overly excited about a particular coin.  My view is that if the coin is really special, you might want to bid aggressively, but if the coin can easily be found elsewhere, a bidding war doesn't make sense. 
Looking Toward The Future
My next show is the Baltimore show in Thursday, March 14 through Saturday, March 16.  Then I have two local shows plus Central States in April.  Hope to see you at one or more of those shows!
                                                    - - - Rich Uhrich
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