There are three Baltimore coin shows held each year. It is a general consensus that, of the three, the summer edition is, by far, the least active. This year’s summer Baltimore show held true to form and, was for the most part, sparsely attended and void of much activity. To be honest, the only reason I went to this show was the fact that I was very low on inventory and hoped to buy a few new pieces. From this standpoint, I was not unhappy with the show. I attended it for only a day and a half and didn’t have a table or anything to sell.
Here are some observations from the show:
As I stated in my recent newsletter, many dealers are using this current lull in the market as an opportunity to recharge their batteries. Many of us have worked virtually non-stop for the past two to three years and a slow period lasting a few weeks is not a bad thing.
As usual, there was a conspicuous lack of interesting, fresh material in most dealers’ inventories. I looked at just about every dealer’s inventory at the show and was amazed at just how few nice coins there are available. That said, I was able to buy a few really interesting new coins which are, shameless plug, listed in my current inventory with descriptions and images.
My gut feeling is that the next few weeks will continue to be slow but that things will pick up steam at the ANA and the pre-show which occurs right before it. It will be very interesting to see how the escalating tension in the Middle East will affect the economy and the coin market. With oil prices soaring and the stock market getting pummeled, will gold and silver be strong or will they be dragged down as well? The next few weeks are going to be very revealing, to say the least.
While I was at the show, I was able to view the lots in the forthcoming ANR auction. There are some very interesting gold coins in this sale including the Old West collection of Carson City half eagles and eagles, a superb run of Territorial gold and a large selection of Charlotte and Dahlonega coinage of all denominations. I will be going to Dallas early next week to view lots for their August auctions. I urge you, if you would like me to represent you in these sales, please contact me as early as possible.
I am always looking for suggestions for blog topics (it can be hard to come up with three or four interesting topics every week…) and welcome your input.