on Tuesday, 06 December 2016 14:55. Posted in News

Over 200 Years Of Combined Numismatic Experience At Your Disposal.

  December 2016 Issue

A Newsletter By:

My Thoughts On Last Month’s Interview With John Albanese

By Warren Mills


My comments and thoughts about our interview in the November issue of our newsletter with John Albanese, a founder of PCGS, and the founder of NGC and CAC.
 
I think it is important for our friends and clients to get my perspective on John’s answer to my questions.  RCNH has long been known as a company that buys the coin and not the holder.  We’ve always been strong proponents for collectors enhancing their grading skills and helping them to do so.  The proof has always been in the pudding.  We are aggressively pursued by the major auction companies to consign our coins for them to offer for sale.  And many clients that we’ve helped with Registry Sets and just filling in holes for their collections have told us that many of their best coins were purchased from us.  Many of our coins, when consigned to auction, have set record prices for the grade.
 
Please find my thoughts here on John’s answers:

on Thursday, 10 November 2016 19:57. Posted in News

By Warren Mills

I arrived in Baltimore on the morning of Wednesday, November 2nd for 3 days of diligent searching at the Whitman Coin Show.  We are starting to see a bit of a turnaround in business activity.  So my sole purpose in Baltimore was to buy coins for our inventory.  As soon as I arrived at the hotel, it was all business.  I saw about ten dealers pre-show at the hotel and purchased something from all of them.  That’s a good start!  When the show opened on Thursday morning, it was one deal after another.  There was a fair buzz throughout the show and steady activity.  Some dealers had a good day on Thursday but a so-so day on Friday and vice versa.  I can’t say the market is hot, but I was pleased with the selection of coins I found.  It was unusual for me to find exceptional coins that we could immediately place in want lists.  The only drawback is that even though it was the best show I’ve had for buying in years, almost everything was immediately placed with customers.  If you go to our site, you will not see the usual mix we have after a major show.  Virtually every 5-figure coin I purchased went right to our eager base of client friends.  I spent anywhere from 2 to 4 times what I normally spend at a show and virtually all of it is gone already. 

Please view our new purchases which are now less than 40 coins, which is only 1/3 of the coins I purchased at the show!  It’s a nice feeling to sell 2/3rd’s of our new inventory before we can even post it!  However, I apologize for having fewer coins posted than normal but it’s for an excellent reason.  I will try to add pieces here and there as new items of interest come our way.

I’ve been asked again to participate in the annual Crystal Ball Survey for The Rosen Numismatic Advisory.  I will post the questions and my answers as soon as Maurice gives me the okay.  This survey is a good read for anyone with a mild to major interest in the coin market.  You will see it on our e-letter probably in December.

I can always use questions to answer for our e-letter too!  So if any burning thoughts are running through your mind, please let me know.


Thanks,

Warren

on Wednesday, 02 November 2016 13:35. Posted in News

Over 200 Years Of Combined Numismatic Experience At Your Disposal.

  November 2016 Issue

 

A Newsletter By:

Interview With PCGS, NGC And
CAC Founder John Alabanese

By Warren Mills


 

I told our readers that I wanted to ask a few important questions to clarify some points about CAC.  John Alabanese was kind enough to answer my questions and give his honest opinions.  For brevity, I condensed answers to address the most pertinent points.
 

Why start CAC?
 
The reason, Warren, was because guys like you and me have always bought and selected nice coins for the grade and lower-end coins for grade were dragging down the market.   Lower-end coins punished high end coins for the grade, and I saw a need to separate the two so that the non-expert coin buyers could identify solid coins for the grade. 
 

How is the market acceptance of CAC coins?

on Wednesday, 05 October 2016 13:35. Posted in News

Over 200 Years Of Combined Numismatic Experience At Your Disposal.

  October 2016 Issue

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

Thoughts About CAC

By Warren Mills



I am very happy to have the summer behind us.  It’s always a challenge to go through the quiet time for the coin business.  I’m glad customers get in their hard-earned time off and recharge.  Yet, it really puts a wrench into the business we do. 
 
This year, I decided to do something a little differently.  We ramped up our Coin World advertising with two full page ads in August and September.  Both issues surprised us.  The August issue, in particular, was very well received.  Not only did business from the ad exceed expectations, but we had almost 40 new subscribers sign up for our newsletter.  I was very happy to have new customers give us a shot.  The September ad was not as well received, but it came on strong at the end.
 
Something of concern was how little people knew about CAC (Certified Acceptance Corporation) or how some clients thought it was a gimmick of some kind.  I guess newer clients to our company were surprised by how many CAC coins we had in our ad, so they were happy to give us their opinion when we asked what they thought about CAC-approved coins.  The two main questions about CAC were, “why is it necessary?” and if I have coins that are already graded by PCGS or NGC, “why is CAC so reluctant to sticker more certified coins?”

on Wednesday, 31 August 2016 13:29. Posted in News

Over 200 Years Of Combined Numismatic Experience At Your Disposal.

  September 2016 Issue

 

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

Monthly Or Bimonthly Newsletter?

We Asked And You Responded

By Warren Mills



We asked our customers and friends to give us some feedback on moving the newsletter to an every-other-month publication instead of monthly.  The overwhelming response was to keep it monthly, but to shorten the length a bit.  Others that enjoyed our articles understood that moving it back to every two months was fine with them, but they did not want us to stop writing it.  Some very knowledgeable people wanted us to do it every two weeks, instead of monthly!  I want to give them a hearty thank you for their vote of confidence.

 

The reason behind the polling on our newsletter is because we have a standing office in a bank building, and we do free appraisals for anyone that wants to make an appointment.  This usually means that we have as many as ten daily appointments with those who have a collection. 

 

We also buy jewelry plus we buy and sell bullion products.  With a markup over cost of 1% on gold and 2% on silver, we are fairly busy for many reasons.  We also try to explain all the in’s and out’s of the coin or bullion market to anyone that requests our guidance.  We love the hobby, so we take the time to go the extra mile.  Unfortunately, time demands can be tremendous.  July and August are also big vacation months, and with multiple people out of the office for two weeks at a time, the time demand is exacerbated.  When you’re the chief cook and bottle washer, it’s hard to keep up with everything.

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