on Tuesday, 06 March 2018 15:30. Posted in News

  March 2018 Issue

 

How to Survive at Auction
By Warren Mills

 
Welcome to the March Edition of The Rare Coin Enthusiast.  This month I want to address the need to acquire coins from auctions.  This is my 39th year in the coin business and it is a true blessing to work at your hobby.  However, there are times when I encounter situations that can be very frustrating.  Allow me to give you a description of such a scenario.
 
We connect with a customer by phone, email, or at a show.  After pleasantries the question is, “Are you still buying coins?”  In many instances the answer is, “Yes, but I buy most of my coins in auctions now.”  I follow up with, “How come, you’ve acquired great coins from us in the past, why now mainly auctions?”  Usually it has to do with our inability to supply or find solid coins when there are tremendous amounts of marginal ones in auctions.  Auctions do have some great coins, but most are marginal at best!  Okay, I get it, but three recent encounters with clients made me see a need to address potential pitfalls here.
 
Auction houses are great at marketing their products.  Once your buying patterns are established, they email you about future lots that are coming up for sale which may be of interest to you.  This is fine if you know what you are doing.  Many buyers only have an idea of what they like.  They may have started buying coins with one or two reputable dealers, then figured out they’ll cut out the middleman and buy direct.  This is just enough knowledge to actually have a negative effect on the value of your purchases.  Here are a few examples that we recently encountered: 

on Tuesday, 06 February 2018 15:59. Posted in News

Over 200 Years Of Combined Numismatic Experience At Your Disposal.

  February 2018 Issue

A Newsletter By:
Rare Coins of New Hampshire's Logo

My Responses to The 2018/2019 Crystal Ball Survey

By Warren Mills

 
Welcome to the February issue of The Rare Coin Enthusiast.  This month I have permission from Maurice Rosen to publish my answers to his probing questions about the coin market.  His newsletter, The Rosen Numismatic Advisory, is an excellent read about the numismatic and bullion markets.  Maurice picks a panel of numismatists every year that he feels has his or her finger on the pulse of the coin market.  I am honored to have been selected to give my opinions for over 10 years.  With all of the great numismatists in the country, it is a nice feeling to be regarded so highly.  His subscription information follows this article.  Also, if you have any answers that you would like me to elaborate on, feel free to call me or email me at your convenience. 
 
Thank you,
 
Warren
 
 

The Rosen Numismatic Advisory
THE 2018/2019 CRYSTAL BALL SURVEY, Parts 1 & 2
 
WELCOME TO THE FORTY-FIRST CRYSTAL BALL SURVEY!

on Wednesday, 10 January 2018 15:55. Posted in News

Dave and I left for Tampa on January 2nd, 2018.  The temperature in New Hampshire was a balmy 13 degrees below zero without the wind-chill factored in!  We were definitely looking forward to the warm environment.  Even at a little less than 50 degrees and vicious winds, it was very nice to be going to Florida.

 

We landed at 9:30am on Tuesday and the show didn’t start until 2:00pm Wednesday.  So, we hit the ground running and immediately started to see dealers that were offering coins prior to the show.  The mood was upbeat!  I was able to buy a choice piece here and there and Dave was showing the coins we brought to the show.  Surprisingly, there was a fair amount of decent coins to see.  Everyone looks forward to FUN, so I was anxious to see more coins from a large contingent of dealers that never go to any of the other coin shows.  As I tell everyone, FUN is a must attend show in the coin business.

 

Later on, we both attended the PNG luncheon and there was a lot of discussion regarding counterfeit coins and precious metals.  As I’ve said in our e-letters, this problem could explode, and the erosion of confidence in our industry could impact us detrimentally for a long time.

 

The show opened on Wednesday January, 3rd and there was a nice flow of activity throughout the show.  We met some new customers and dealers that made the show a lot of fun.  Gold coins appeared to be the strongest area of interest, which may be attributed to the recent bullion upswing.  Circ Type was abundant with only 1 of 10 being old time, original, standard coins.  Unfortunately, the cleaning and over grading of coins will hurt this market.

 

I had a once in a lifetime numismatic highlight.  I got to see the one and only 93-CC GSA Dollar in the hard plastic holder.  It’ll be a shock when the press release comes out on it.  I don’t want to steal my friend’s thunder, but a really good guy is working with this coin.  Also, the pieces with it were cool too!  The two 79-CC GSA Dollars in 64+ and 65+ were very nice and I saw the most beautifully toned Morgan Dollar I’ve ever seen. It was a gorgeous MS-68 example.  If the show is a barometer for 2018, it may be a very good year.

 

Thanks,

 

Warren

on Tuesday, 09 January 2018 16:42. Posted in News

Over 200 Years Of Combined Numismatic Experience At Your Disposal.

  January 2018 Issue

Copper Spots

By Warren Mills

I recently received an urgent call from a good customer about his 102 US Buffalo Gold Bullion Coins that are .9999 fine gold.  He was concerned because a couple of the pieces had small copper spots on them.  With the amount of counterfeit bullion in the marketplace, he was concerned about them possibly being fake.  He could not understand how with so much purity of gold that there could be enough copper to show through.  He thought for sure that the coins were fake. 
 
I explained to him that even though they are so pure, that other metals are still mined with the gold.  The US has used copper as a hardening metal with US gold since the inception of minting US gold coins.  Many dealers even look at copper spots as an assurance of the coin being genuine!  Many coins from other countries have the same copper spotting that can result during the annealing process.  I’ve seen many Canadian Gold Maple Leafs and a huge amount of Chinese Panda Gold Coins with annealing spots.  So please rest easy, the coins are genuine.

on Thursday, 07 December 2017 17:14. Posted in News

Over 200 Years Of Combined Numismatic Experience At Your Disposal.

  December 2017 Issue

 

The 2017 Baltimore Show

By Warren Mills

Welcome to the December issue of The Rare Coin Enthusiast.  November was a whirlwind of activity for us.  We are seeing a huge amount of people coming in with coins to sell!  It got to the point that we were overwhelmed.  Alas, most are the usual instances of boxes of proof & mint sets, along with quantities of junk silver.  Very few people are coming in with any scarcer coins and when they do, we recommend that they consider certifying, CACing or holding on to them if they can.  We put a price on everything, but at some point, we feel that really choice material will enter a favorable up cycle again and that now is not the time to sell.  It is true that the base of clients for top quality coins is shrinking due to the aging demographics.  However, there are a handful of new serious buyers coming in with a more educated approach and striving for quality.  One affluent collector has spent over $100 million in a quest to assemble an Eliasberg Collection of top quality US coins in a very short time!  The future for top quality coins may finally be bright again.

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