J&H Coins

Sorry it’s taken so long to post a market report, but we’ve been busy updating our site with the additions and deletions from the three day Baltimore show.

What we can say about the Baltimore show was that it was a really great show for selling coins and a hard show for buying coins. The Whitman people who put on the show do whatever they can to be helpful. Special thanks to Lori Hamrick who helped make our life a little easier.

This show was our best show in over four years! We had brisk sales the day before the show started when a few of the dealers met with us to look over our inventory.

The first day of the show on Thursday started up strong. Numerous dealers wanted to go through our boxes of coins before we could set up our cases, and we had some large sales. Sales were “different” right from the start. We sold a large group of Cameo Proof Barber Dimes, Quarters, and Halfs. Dealers were paying multiple Greysheet prices for the right CAC stickered Cameo coins with great eye appeal. Since the Greysheet doesn’t have prices for “Cameo” proofs, it’s hard to price of them. Auction archive records can give you a better idea of what the Cameo’s are really worth. Morgan and Peace Dollar sales were strong as usual. We sold two Dollars for over $20,000.00 each, and a few more dollars between $5,000.00 and $10,000.00.

Overall the sales were strong in all areas. We carry only CAC stickered coins and we are finding more and more dealers and collectors alike are demanding CAC coins. Dealers who try to resist sending their coins to CAC are finding that their clients are demanding CAC coins. Dealers that don’t deal in CAC coins, for the most part, do not have the same quality coins as those that do.

It was refreshing to see so many collectors buying quality coins. The coin collecting hobby seems alive and strong once again. The day after the Baltimore show, we set up in Parsippany, NJ for the monthly show. That too was the best Parsippany show in years.

I hope this is the beginning of a Bull market in coins. Why shouldn’t it be. The Stock market is doing well, the economy is recovering, slowly but recovering. Gold and silver are at multi year highs. Also, I think CAC has something to do with it.. Collectors feel safer when they buy CAC stickered coins, knowing they are buying the “real thing”.

We feel that quality coins are much to cheap. We say that because it was easy to sell quality coins in Baltimore way above sheet prices, but practically impossible to buy quality coins. Where did they all go? We bought only 5 coins in Baltimore, and two of those were for our clients.