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April 2016 - - Baltimore show report and Newps Part 1
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April 11, 2016
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Baltimore Show - - A barnburner!
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We always enjoy the Spring show in Baltimore, and this year was no exception. We were busy start to finish for all three days. I want to thank my table assistants Bill Bugert and Dick Graham for helping out at the show. I was happy to meet several long-time customers in person whom I had dealt with only by phone and e-mails, including one previous customer from California who sold his collection a few years ago and wanted to meet me.
We didn't see any market slowness or softening at the Baltimore show. We sold some great coins and bought some great coins. We bought several coins and sold them over the phone to clients with want lists. If you are hearing about market softness, I guess it depends on what part of the market you are looking at.
We will be listing our many newps over the next couple of newsletters. Highlights of our newps are a nice 1802 dime in NGC AU-55, two 1846 half dimes in PCGS Good, two 1853-O No Arrows half dimes, an 1827 JR-2 dime in PCGS VF-25, an 1871-S quarter in PCGS VG-8, an 1802 half in PCGS VG-10, two 1807 Small Stars halves, 1861-O, 1865, and 1888 halves in PCGS XF or AU, a nicely toned 1872 Seated dollar in PCGS AU-55, and a stunning 1887-O Morgan dollar in PCGS MS-63 DMPL.
| 1827 dime JR-2 PCGS VF-25 |
All of our coins including the following newps are posted on our website www.richuhrichcoins.com. If you see any coin(s) of interest, please call (863)314-6872 or (717)579-8238 (cell) or e-mail us at [email protected] to reserve the coin(s) that you want.
OUR NEWPS ARE:
Bust Half Dimes | 1829 LM-16.1 B14 R-2 PCGS AU-53 | 250 | Bust Half Dimes | 1830 LM-1.2 R4 PCGS AU-58 | 675 | Bust Half Dimes | 1830 LM-1.2 V10 R-4 PCGS AU-55 | 495 | Bust Half Dimes | 1831 LM-1.1 R1 EF-40 | 300 | Bust Half Dimes | 1833 LM-3.3 R2 MS-61 ex NGC | 360 | Bust Half Dimes | 1837 LM-2 R-4 AU-50 | 250 | Bust Half Dimes | 1837 LM-5 R-1 AU-53 ex NGC | 275 | Seated Half Dimes | 1846 Good-6 PCGS CAC | 1,750 | Seated Half Dimes | 1846 Good-4 PCGS | 1,550 | Seated Half Dimes | 1853-O NA PCGS VF-20 | 1,575 | Seated Half Dimes | 1853-O NA VG-8 | 775 | Seated Half Dimes | 1862 PCGS MS-63 CAC nice toning | 675 | Seated Half Dimes | 1862 AU-53 | 100 | Bust Dimes | 1802 JR-4 R4 NGC AU-55 | 14,950 | Bust Dimes | 1809 Good-4, but holed and plugged above date | 225 | Bust Dimes | 1827 JR-2 PCGS VF-25 | 1,950 | Bust Dimes | 1829 JR-2 PCGS AU-55 | 900 | Bust Dimes | 1829 JR-12 PCGS XF-45 | 550 | Bust Dimes | 1830 JR-1 PCGS G-6 CAC | 325 | Bust Dimes | 1835 JR-4 PCGS AU-53 | 675 | Seated Quarters | 1871-S PCGS VG-8 | 1,875 | Bust Halves | 1802 PCGS VG-10 CAC R3 | 2,295 | Bust Halves | 1807 Small Stars O-113a R3 PCGS VF-25 | 1,450 | Bust Halves | 1807 Capped Sm Stars F-12, O-113a | 675 | Bust Halves | 1809 O-102a R1 F-12 | 100 | Bust Halves | 1814/3 O-101a R2 PCGS VG-8 | 265 | Bust Halves | 1817/3 O-101a R2 PCGS VG-10 | 450 | Bust Halves | 1821 O-102 R2 PCGS VF-35 CAC | 395 | Bust Halves | 1822 O-108 R3 F-12 | 125 | Bust Halves | 1827 O-125 R3 VF-25 | 140 | Bust Halves | 1829 O-115 R1 NGC MS-63 | 3,200 | Seated Halves | 1840 Small Letters VF-20 | 130 | Seated Halves | 1861-O WB-103 PCGS XF-40 | 875 | Seated Halves | 1865 PCGS XF-45 | 675 | Seated Halves | 1888 PCGS AU-55 | 1,150 | Seated Dollars | 1872 PCGS AU-55, nice toning! | 1,800 | Nickels | 1898 PCGS AU-55 | 80 | Other Dollars | 1887-O PCGS MS-63 DMPL CAC | 950 |
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The Importance of Building a Relationship with a Dealer
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Many times I have heard a comment similar to, "Years ago I could go a major show and find coins that were on my want list. Now it's much more difficult." A lot of collectors have this same experience. One reason is that as your collection gets more complete, there are fewer coins on your want list and those coins are more difficult to find (or you would probably own them by now.) When I was a collector, I experienced the same problem. And when you get down to the very rarest coins, many never hit the market as they are sold privately.
I have been a full-time dealer specializing in Bust and Seated silver coins for over ten years, and I have gotten to know a lot of people. Many of those people come to me first when they have a rare Bust or Seated coin to sell, because they know that I am a strong buyer, and because they know that I might have a customer who is looking for that coin. I sold two coins at Baltimore with only twelve known to want list clients. For both coins, prior to this show, I had only seen in hand one example of each coin. So after hundreds of shows as a collector or dealer, I have now seen two examples of each coin. No wonder it is difficult to find those coins! These two coins were sold quietly and were never put on display in my case or on my website.
I believe that one way a collector can maximize his/her success finding coins is to build a relationship with a carefully selected dealer. The dealer would then know what you are looking for and might have a new purchase or have seen a coin of interest to you, and would show you that coin when you visit the table, or would call you if you were not at the show. At the Baltimore show, several coins that were not on display for various reasons* were sold to collectors who stopped by. I knew what they were looking for and was able to show them coins they wanted to purchase. A win for the collector who had built the relationship, and a win for me also. *Various reasons include newps that hadn't been priced yet, coins out on memo to someone else, auction lots not yet picked up, coins being prepared to send in for grading, coins whose attribution had not yet been verified, etc. - - Rich Uhrich
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Upcoming Events
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Our next show is the Central States show in Schaumburg, IL April 27 - 30, Table #710.
Then we have a while until the Summer FUN show July 7 - 9 in Orlando, FL, followed by ANA's World's Fair of Money August 9 - 13 in Anaheim, CA.
- - Rich Uhrich
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Check out our ARCHIVES page
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- - - - - - - - - - - - - - - - Copyright 2016 Rich Uhrich Rare U.S. Coins Inc. All rights reserved.
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