The report from the floor of the Whitman Expo indicates a strong coin market with an increase in collector coin activity. Hear from some of the dealers at the show as they describe what kind of interest there is for rare coins, bullion, paper money, early American copper and Americana.
Interviewer: David Lisot, Gary Adkins, Russell Augustin, John Brush, Grant Campbell, Jay Cline, Kathleen Duncan, Patrick Heller, Robert Higgins, John Kraljevich, David Lange, Chris McCawley, Paul Montgomery, Chris Moran, Tom Reynolds, Allen Rowe, Sergio Sanchez, and Rick Snow.
Copyright © CoinWeek LLC. March, 2013
Whitman Expo – Baltimore
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Whitman Baltimore Expo
Baltimore Convention Center
One West Pratt Street
Baltimore MD 21201
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I have been involved as a buyer only in the 90% coin market. I have never seen conditions so tight as to availability. Most coin is in “strong” hands, and they aren’t selling because they see the price is wrong. Some years ago I told a major dealer a day would come when coin was tougher to obtain than mining shares. He denied it, but we are certainly witnessing it. Not that shares are “bad,” but that coin is “more substantial/secure” as to worth. Shares can be diluted—and will be. The ’64 and earlier coin supply shrinks every time coin is melted with .999 to make jewelry, because everyone does not just order casting shot/grain. Historic coin silver is processed into bullion, never to return. Shrinking pool = eventually more price pressure.