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News

Baltimore Show March/April 2016

Paul and I arrived in Baltimore on Wednesday morning, the day before the show opened.  Many dealers will come in early to try and do business to get a jump on the competition.  Some will share rooms to show coins in the Hilton or the Marriott and others set up in rooms at the convention center.  Some dealers even come in two days early.  I am thinking about that for the fall show!  There are not a tremendous amount of fresh coins in the market.  So the earlier we can see coins for sale, the better the opportunity to buy.

As soon as we arrived, we dropped our bags at the hotel and started trying to do business.  Alas, it was the same as most of the shows for the last couple of years.  I’d see a coin or two of interest but the value was out of whack.  I know you have to stretch on top quality, but I also have to set a limit to protect the interest of our clients.  So we hunted and pecked and scratched out a double row box of new purchases.  It was a real battle.

Whatever happened to the days of large, fresh deals of coins breaking at the show?  There is one dealer in particular that states that they sell great coins at shows and are offered every deal in the business.  I can just tell our clients that I’m not seeing it and none of the dealers I associate with are either.  However, it’s a great time to buy coins if you work hard to find real value.  Many coins are cheap, especially 19th Century type.  Technical, strictly graded coins can be found.  You just have to exercise patience.  Commercial graded coins are everywhere, especially dollars.  I’m trying to help knowledgeable collectors assemble Morgan & Peace Dollar sets.  Before I left for the show, a longtime dealer sent me a dollar deal.  It was a pass or play at the prices he quoted.  I bought almost everything except for an 1889-O in MS-64 PCGS.  A nice looking coin but I couldn’t get over the removed spot on the neck.  He said “wow, you really look at the coins.”  I said “yes, I do.”  He said “I removed the spot before I submitted it to PCGS.”  I had to pass on a nice 1900-S in MS-64 old green holder because of P.V.C. residue.  On a previous invoice, I passed on a 1935-S Peace Dollar in MS-63 because of a large staple scratch on the obverse.  He said “I sold them all easily at the show.”  I said, “I’m not surprised,” but as you said earlier… I really look at the coins.  Label readers are everywhere and their clients don’t know the difference.

I decided to give up our table at this show!  It was strange not operating out of a home base after many, many years.  But the cost hasn’t been justified in probably 5 years.  If we sold moderns or commercially graded coins, we’d be able to justify it.  As the coin buying public ages, more and more knowledgeable collectors are disappearing.

The auction was huge…over 7,000 lots including the internet sessions.  If you had the time, deals could be found there.  I was also surprised at the lack of Pogue and Gardner coins on the market.  I’m happy to see that dealers weren’t buying these great coins and most went to new happy appreciative collector homes.  It takes a lot of money off the market for a while but it will snap back…I hope!

 

Best Wishes,

Warren

Testimonials

  • "Thank you very much for your time today I hope you have a Merry Christmas thanks for your professionalism and I look forward to dealing with you in the future"
    M.F.
  • "A joy of purchasing from RCNH is the consistent quality of the individual coins. From a lower grade raw coin to a MS66 CAC each coin has pristine original surfaces; natural toning; and accurately graded. I've never been disappointed with a coin from RCNH. Thank you for being unique in the industry."
    T.S.
  • "We have done business with RCNH for several years. They are very kind and extremely generous, not only with their time, but also with their knowledge. They have spent many hours combing through our collections of mostly unspectacular coins giving an honest appraisal on any coin that was even slightly more than average. Couldn't have asked for more time and effort than they provided. It's worth it to us to drive almost two hours to meet with them because we trust them and enjoy the interaction."
    R.L.
  • "Just opened the parcel and its BEAUTIFUL!! the surfaces are original and I especially like the subtle violet toning near the date, it is very well struck and exhibits tons of luster on both sides it puts to shame my other 65 that I had purchased from... a couple years back (I should of returned it when I bought it dang it) On a similar vein I received some good news on my latest NGC submission when my 40D garnered a D/D VP 503 MS64 grade I was hoping for 65 but?? oh well at any rate thanks again for the follow-up call and will talk later and good luck at Baltimore."
    Robert
  • "I just wanted to let you know how happy I am with the 1956 Franklin proof half dollar I've recently purchased in PR-66. (PCGS) It's beautiful! I was also very pleased to get a personal letter on your letterhead stating that this coin had the potential as a PR-67! I've had occasion to look through the website and will definitely be making future purchases! Thank you, and keep up the great work!"
    L.C.
  • 1893 Columbian and 1897 Morgan

    "The latest two coins I ordered arrived on Saturday. The 1893 MS-64 Columbian half is nice. It's certainly good enough to warrant addition to my collection-about what I expected from the photo. The 1897 Morgan looks exceptional in the photo and your description also raised my expectations even further. At first glance, the toning on the obverse looked a bit darker to me than the photo. Looking at it under magnification with proper lighting, however, I'd say it matches the photo rather well. The reverse looks like the photo to the naked eye and under magnification-absolutely stunning! This may be the best coin in my collection. I mentioned on the phone that my daughter is a metalsmith and likes toned Morgan dollars. She was rather ecstatic about this Morgan. I'm glad I called you about this coin before it got snapped up by another collector. Thanks."
    C.A.
  • I Love My Saint!

    "For the past four years I've had RCNH in pursuit of a "nice" common date MS67 Saint. One might reckon this endeavor to be easily achieved within a year, when accounting for the modest population in this grade. However Warren's strict grading standards precluded us from settling on just an ordinary 67. When I recently received word from Dave that Warren found a coin he liked, I knew it would be technically superior. When I opened the box and pulled my coin out, I was looking at a stunning Saint with incredible eye appeal. Ultra clean, original, and with rich color. This is unquestionably one of the finest Saint Gaudens in existence. Thank you Dave and Warren. Indeed, you did it!...I love my Saint!"
    D.A.
  • My Deepest Respect

    "...Finally, my deepest respect goes to you and everyone else at RCNH. As I have already told you, I would probably stop collecting if RCNH did not exist."
    T.S.
  • High Standards

    "Wow! What great coins that arrived today. They exceed the high standards that I expect from RCNH..... Great doing business with you."
    J.P.
  • Far Surpassed

    "My package arrived today and it was packaged so well it took me 20 minutes to open it up but it was worth the wait. Just when I thought you were not paying attention to my want list my representative called me with a coin. It far surpassed anything I could have bought or have seen in years. Thank you very much."
    D.L.
  • Superb

    "Wow! When I saw this coin on your website I immediately ordered the coin online... When it arrived in the mail I said to myself "Oh my; I can't believe it!". A superb 64 indeed...to me it looks MS-65 any day of the week. Your coins are everything that customer testimonials say they are and I will definitely be diligently watching your web site! Thank you!"
    J.T.
  • Problem Free

    "I don't know how you do it. The 1797 Half Dime you just sent me is fantastic! Original, nicely toned, problem free - I don't know how you find early U.S. coins of this caliber.
    T.S.
  • Consistently Accurate

    "Hi, I wanted to tell you how pleased I was with the five coins that arrived. They are exactly what I have come to expect from Rare Coins of New Hampshire. Your descriptions are consistently accurate and the grading is on target. It is comforting to purchase coins and know that the quality and originality will be there. There is no fear of purchasing problem coins from your firm because you just don't sell them. I appreciate the wide-range of grades and prices that you offer to fill the niche of virtually any collector who values original coins with plenty of character"
    E.R.
  • Customer Service is Your Number One Priority

    "It is with a great sense of satisfaction that I write you today. It seems that customer service is your number one priority and I am truly grateful for that. Dealers can be short with you, they can sell over graded and lower quality material just to make a buck. At RCNH, the opposite is true and as a consumer I am convinced of your philosophy, it is palpable. Scans and nice descriptions, emails and follow-ups accompanied the sale. It's nice to buy good coins. It's even nicer having a quality experience to go with it!"

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