on Tuesday, 04 April 2017 14:08. Posted in News

Over 200 Years Of Combined Numismatic Experience At Your Disposal.

  April 2017 Issue

A Newsletter By:

"Want Lists"

Answers By Warren Mills


It’s hard to believe that another month has come and gone.  When you read this issue, I’ll have returned from the Baltimore Show.  My hopes are that we will have some nice new purchases for your perusal.  When I go to a show, I am always on the lookout for nice “want list” coins as well as just conservatively graded pieces to add to our regular inventory.  Unfortunately, there are less and less conservatively graded coins on the market.  As the cream gets skimmed from the top, the solid and high-end examples are the first pieces to find new homes.  It’s an exercise in futility to constantly have to search through low-end and over-graded coins that remain in the market for a long time, but it is now the nature of the beast.   The hope is always to be diligent and wade through the commercial fodder for the odd high-end pieces, and that’s what I do at every show.

on Monday, 13 March 2017 01:45. Posted in News

Over 200 Years Of Combined Numismatic Experience At Your Disposal.

  March 2017 Issue

A Newsletter By:

 

The Rosen Numismatic Advisory:
The Question & Answer That Was Not Published

Answers By Warren Mills


Thank you for the positive feedback from our last newsletter.  Any comments are appreciated.  Please find the freewheel subject from the last question that Maurice Rosen did not put in the newsletter.  Again, I’m not 100% positive about this technique or what exactly is being done, but I had a number of dealers bring it up to me totally unsolicited!  It’s scary if true.  Since we are blessed with some clients that trust us with a lot of money to find the best and most original coins possible, I hope the grading services will scrutinize these expensive coins from past auctions to see if they match up.
 
It wasn’t that long ago that people thought model putty on coins was no big deal.  Then it dried out and left a horrible haze on the coin.  Who knows what can happen to coins in the future!

on Tuesday, 31 January 2017 18:55. Posted in News

Over 200 Years Of Combined Numismatic Experience At Your Disposal.

  February 2017 Issue

A Newsletter By:

The Rosen Numismatic Advisory:
The 2017/2018 Crystal Ball Survey, Part-2

Answers By Warren Mills


Please find in this month’s issue, my responses to the questions from Part-2 of the 2017/2018 Rosen Numismatic Advisory’s Crystal Ball Survey.  The 2nd part of the survey gets a bit more in-depth about specific areas of interest that the panel feels are good buys in different series.
 
As I did last month, I will include the specific questions I was asked and my responses.  The other panel members included John Albanese, Don Ketterling, Rick Snow, John Feigenbaum and Scott Travers.  If you would like to see their responses, feel free to contact Maurice Rosen at the phone or address provided.
 
I want to thank Maurice for asking me to participate in the survey and also for giving me permission to print my responses for our clients and friends to see.
 
At the very end of the survey, Maurice asks us to ad lib on any subject that we feel is important in the numismatic field.  I noticed that this year, Maurice did not print anyone’s ad lib responses.  Well, I did respond and it may be very controversial.  I am weighing whether I should run my ad lib in our March Issue.  I will mull it over in February.  I think you will find it most interesting.

on Thursday, 12 January 2017 21:19. Posted in News

It was an interesting show and experience this year!  Paul and I left early on the morning of January 3rd for the sunny climes of Ft. Lauderdale.  It gave us an extra day before the show opened on Wednesday afternoon to do some business and view auction lots for our clients.  One of our clients wanted me to look at (4) 1892-O Morgan Dollars all graded the same in MS-65 condition.  I hope you know by now that we do not care what the holder says.  We need to see the coin to verify the grade!  I thought three of the pieces were commercial over-graded examples and one was a real gem!  The lots go off and the three commercial examples sold for around $3,700 each.  Grey sheet bid is $6,500.  The true gem brought over $10,000!   Wow…that goes to show that if you try and sell great coins, they bring strong money and are in strong demand.  That was the theme of the auction.  Accurate strict for grade coins were very strong and commercial junk was left for telemarketing fodder.

The show opened to a nice buzz of activity.  Dealers were looking for coins.  The next day, collectors came in and were actively filling want lists.  A super fresh group of over 100 crisp original 1932 $10 Indians broke and the nicest pieces were snapped up immediately.  There was a lack of great coins for the grade on the bourse.  You had to work hard to find nice coins.  I wish collectors would try harder to seek education in what they buy.  Many early bust coins were stripped and collectors were purchasing them for their sets.  It’s sad to see because it is the educated buyer that buys the best for the grade and leaves the rest.  Then they end up with a great, always in demand collection when they sell; re-read the 1892-O Morgans in the auction.

Then on Friday, we heard an awful announcement from the message center about the shooting at the airport.  I felt bad because my first thought was how is that going to affect our traveling plans.  I asked the Lord to forgive me and offered up prayers for the people that were adversely affected.  The police presence and heightened security ratcheted up dramatically.  It’s a sad thing to see that society has degraded so much.  The show however, continued to hum along.  Many streets were closed off outside and when we came back from dinner, police motorcycles and tactical unit buses were everywhere, heading to the airport.

Saturday was devoted more to assisting dealers changing flights and conversing about the events on Friday.  One dealer was so tight on his budget that I paid for his flight home!  The folks that run F.U.N. were great.  We asked them for permission to leave early and they said “no problem.”  We wanted to get to the airport early to be sure we could get through security and check if our flights were still leaving on time.  We also had a storm coming up the coast and many flights were cancelled.  However, the Lord delivered and we managed to touch down at the airport before 12:00 a.m.  God was very good to us.

I took some time to speak with some old time dealers that amazed me about the deals that broke years ago.  I may interview some of them for our newsletter.  Scott Travers was kind to invite me to his seminar which he said he would give me recognition, but I was too busy looking for coins.  Overall, F.U.N. was a strong show; the best in years and security was great.

I also wanted to mention that two numismatists from the Liberty Seated Collectors Club brought an 1872-S Seated Half in AU-55 PCGS for Paul and I to see.  It was straight graded, even though it was obviously cleaned.   They asked me to examine the coin.  It was a very deceptive counterfeit!  It was so good that I could not tell.  The giveaway was the die marriage between the obverse and reverse was incorrect.  Also, with lax grading of cleaned coins, diagnostics are removed, so it is harder to tell.  Bottom line….this coin also fooled PCGS.  We’ve been warning for years that a tidal wave of counterfeits is coming.  It’s time to get prepared.  Also, try to buy original coins where diagnostics can be examined.

Alas, our new purchases are a bit meager.  I was able to find some great coins, but many went to our existing want lists.  We’ll try to have them on our website soon.  If there is anything I can help you with, please call or e-mail me anytime.

Thanks,
Warren

on Tuesday, 03 January 2017 14:41. Posted in News

Over 200 Years Of Combined Numismatic Experience At Your Disposal.

  January 2017 Issue

A Newsletter By:

The Rosen Numismatic Advisory:
The 2017/2018 Crystal Ball Survey, Part-1

Answers By Warren Mills

Welcome to our 1st issue of the 2017 RCNH Rare Coin Enthusiast.  As I wrote in our December issue, I was asked to contribute my thoughts on the market in the Rosen Numismatic Advisory.  Maurice does a good job in getting to the heart of the matter with his questions.  Please find information on his newsletter subscription at the end of the article.
 
I’ve included for our readers the questions I was asked and my responses.  If you wish to see the responses of his other panel members which included John Albanese, Don Ketterling, Rick Snow, Scott Travers & John Feigenbaum, feel free to contact Maurice.  If you have any questions about my responses, feel free to call or e-mail me at your convenience.
 
Part One of the responses will appear this month and with his permission, Part Two will be in our February issue.

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