Coin Show report - Apr 16-17
 

Coin Show report - Apr 16-17 :

Well, got a chance to hang-out at the coin show in Grapevine (D/FW) this past Saturday. Here's my review of the atmosphere.

*Gold* *Gold* *Gold* Everywhere ! .....or so it seemed.

We had guys who never had gold on their tables in the past suddenly show up with Gold Eagles, small coins, bars, etc. ! :confused:

Morgan dollars were still the most popular and plentiful but the rare dates were still hard to find. Carson City's were easy to find at Very HIGH prices !!!

90% silver was the 'best' deal found in little bins and half-price buckets.
I managed to get 5 - Walking Liberty halves at $1.75 each (which is a silver price of about $4.83 per ounce).

The rest of my money was spent on 'upgrades' for my Morgan Dollar collection.

:birthday:

Re: Coin Show report - Apr 16-17
 

How much did you pay to get in?

Re: Coin Show report - Apr 16-17
 

Gold, gold, gold, everywhere. Yes, that's the finishing stages Gold Bull Phase 1! Gold's appreaciation against the world reserve currency. Now soon coming to a foriegn currency near you!
In a world of Bullshit and Media lies, the virture of gold is it's truth incarnate. And that may be the commodity that the worlds needs now. Women, dogs, children, your friends, and even your broker may desert you. But when you got an ounce of gold, you got an ounce of gold!

Re: Coin Show report - Apr 16-17
 

Price of admission: $2.00 (I was there, too) :beer:

Re: Coin Show report - Apr 16-17
 

Have recently started collecting slabbed and graded Morgans and Peace. Mostly MS63 common dates. What is the best upgrade?

Also have some MS66 Morgans, semi common dates. I like a diversified portfolio. So there is about 50% semi to numismatic along with the bullion coins.

Hope this question is not too personal should you be sensitive.

Re: Coin Show report - Apr 16-17
 

... actually wolfgar60 ... gotta challenge you on that statement ... the virtue of gold is set by the Authority.

whether Authority is considered to be
self society or Baha'u'llah
gold imho could never be "trueth"




true

one
dh

Re: Coin Show report - Apr 16-17
 

Onepence give me an example of a physical "truth", that has done as well as gold in history?

Re: Coin Show report - Apr 16-17
 

I'm a "tight" budget collector trying to assemble a 'complete' Morgan set minus the varieties (like the 1887 over 6 and the 1900 o/cc). It sounds like you have some very, very good grades. Don't discount your MS-66 at all even if they're common dates. Common dates become quite 'uncommon' in the higher grades. Heck, my local coin shop rarely has anything above MS-64.

Now, about my upgrades.
I'm in the 'small' group of die-hard collectors that enjoys seeing toned coins instead of the nice, clean brilliant white dollars that so many dealers sell. So there are 2 criteria that I try to fill when 'upgrading' which includes replacing a 'white' coin with a toned one and possibly getting the next higher grade.
In this case, I replaced a slightly toned MS-63 with an MS-63 that had stronger toning. I replaced (3) AU white coins with (3) MS-63 coins that all had a little toning (mainly on the rim / edge). Lastly, I replaced (2) MS-60 / MS-61 coins with (2) MS-63 coins that had very, very strong toning. Keep in mind that a few might even grade MS-64 because (4) of the upgrades were in very early PCGS & NGC coin slabs. :wink:

Re: Coin Show report - Apr 16-17
 

1. I don't quite understand what you mean by a complete set. Could you elaborate please?

2. Like you I am quite enamored by the individuality that old silver coins assume as they "color up". Does this process continue after slabbing or does time stop for coins at that point?

3. Sold some Eagle bullion coins last year to buy the MS66's, really complicated the tax return even with a sale at a loss It generated a 1099. Like the fact the graded coins are not automatically 1099'd. A lot less paper work to trade up.

I understand the up and down side to the collectable coins and believe that diversification in the PM's is the best strategy.

Re: Coin Show report - Apr 16-17
 

Complete set of "dates" and "mintmarks" so that all together there are 95 different Morgan dollars (1878-1921). Right now, I have 73 different.

Air & sulphur are the 'key' ingredients for silver to tarnish or 'tone'. The sulphur occurs in paper, rubber, velvet, and several other products that people have stored coins in - in the past. The 'toning' supposedly stops when it is encapsulated because of the lack in air exchange (airtight).

Hmmm....so you paid taxes on your gold sales ? ....I thought any transactions over $1000 were tax free - unless this only pertains to 'buying'.

Exactly, which is why I have rounds (pure bullion), Eagle coins (semi-bullion), and Morgans (numismatics). :wink:

Re: Coin Show report - Apr 16-17
 

Now that I think about it, you need to look into the GSA Carson City dollars. These coins are appreciating anywhere from 55-110% per year !

Key dates : 1885-CC, 1889-CC, 1893-CC
Semi-keys : 1879-CC, 1880-CC, 1881-CC, and 1892-CC

ANY Carsons are good to have but the 'rarest' go up the most. :applause_

Here's a certified GSA dollar --> http://cgi.ebay.com/ws/eBayISAPI.dll...sPageName=WDVW

Re: Coin Show report - Apr 16-17
 

There was no tax liability as I sold at a small loss. Short term capital loss to be precise. However the dealer had to issue a 1099 for the price he paid me for the bullion, was a mix of 1 and 1/10th oz. Eagles, 1 oz. Leaves, and 1 oz. Credit-Suise bars.

This meant that I had to file a 1040 long form and a schedule A to reconcile the reported pay out to me. I have not enough deductions to bother itemizing now that the house is paid for, teletax filed the last few years. Quite time consuming for the uninitiated.

I know what to expect next time and will act accordingly. Glad I had kept good records of purchase dates and prices, made it easier and accurate. Keep that in mind when purchasing, keep accurate records for when the time comes to liquidate.

I was on the wrong side of the tax man once before, almost lost the house and spent 10 years digging myself out. Even had to sell my crappy car (don't laugh, it was a powder blue '72 Ford Pinto Squire woody wagon) and send the IRS the proceeds. Walked both ways to and from work 5 miles uphill each way...... and in the snow till I got a raise to $5.15 per hour. Totally missed out on the "raising of all boats" Reagan thing. I was in the drink treading water at the time.

Paid them better than $3.50 for every $1.00 I initially owed. I'll feed the beast for now, thank you very much. Those penalties and that compound interest add up way too quickly, and I'm getting too old to be picking fights.

As for the CC mint stuff, does the appreciation apply to all grades? They sound like an investment vehicle worthy of investigation.

I've been basically buying shotgun style. If the local coin guy has say 25 MS63 Peace or Morgan at a flat rate I buy as many as I can afford. This nets many same date and mint coins. But hey I get volume discount pricing .....may work out, who knows.

Thanks for the lead !!!!!

Re: Coin Show report - Apr 16-17
 

science math literature art
to name just a few

how many exponential mutlitudes {math}
has the alchemest {science}
created for the King {literature}
to dispense with at His leasure {art} ?

and yet small minded people still hold gold
as the ultimate symbol of physical "truth"

oneness
dh

Re: Coin Show report - Apr 16-17
 

Hey Dragon? you are right , the "toned" coins are more valuable than the shinny ones unless they are in the original sealed box.

There was a king in the Middle East, and I believe that it was in Egypt, his name was Faruk (is that right?) anyway, this guy had a multi million dollars collection of coins and his hobby was to lock himself in the coin room and shine them with a rag, by the time he die the coins had lost 40% of its "real" value due to the fact that he scrach them while getting them shiny.

I have experimented in shinning coins (as an inventor) and found that if you put them in hot water with dish liquid detergent and then rinse them in hot water and "blow" them with a hair dryer then that's plenty, don't touch them but for the edges and if possible with a "soft" pair of plastic tweeser also by the edges.

Re: Coin Show report - Apr 16-17
 

Hey Ponce I once knew this guy who had a similar experience. Only it wasn't a coin room he didn't have a rag and when he was done all he was left holding was a pencil. :getdown:

Re: Coin Show report - Apr 16-17
 

Ba-doom-Pah!

If we're going to go there, and I apologize in advance, I must say:

I have a magic lantern. Whenever I rub it I always get my wish. Amazingly, I always wish for the same thing.

Please forget I ever said this.
:Sorry: :evil: :Sorry:

Re: Coin Show report - Apr 16-17
 

Mine was excusable. Yours however was not. Look ma no hands. :ARMS1:

Re: Coin Show report - Apr 16-17
 

Forgive. Forget. Especially, forget.

Re: Coin Show report - Apr 16-17
 

All is forgotten......just remember that some peoples intellect is more "toned" than others. :coolbeer:

Re: Coin Show report - Apr 16-17
 

not even a tissue?

Re: Coin Show report - Apr 16-17
 

you guys can't laugh a little with the crap going on today I feel sorry for ya. :D

Re: Coin Show report - Apr 16-17
 

well tone it down
some people reading our notes are still sleeping.

:sleep: