Today was the 1st day of the 53rd Annual Blue Ridge Numismatic Association Coin show and I decided to attend it to see what I can find. The show started at 10 AM and I got there at exactly 10 am. Around that time, spot gold was at $1614/oz and spot silver was at $28.20/oz. This is one of the major shows in the Southeast with 200+ tables total. It was crowded as usual but I was able to find a parking space further out as usual. Once I got inside, I said hi to the some of the dealers that I knew and to the BRMA people who were in charge of putting this coin show together and I went to get a name tag. One thing that I noticed this time around from last year is that they did not ask for my photo ID. I guess that they knew me from the past years August BRNA shows that I went to. I went inside the main venue and I started looking around look for.....what else?.....silver art bars.
While I was looking around, I observed prices on certain types of different gold and silver bullion and here are the kind of prices that I found:
SAE's: $32.00. There were some that were selling for higher than $32.00. There might have been some that were selling for much less than that I but I did not pay close attention to them.
Silver Art bars: Starting at $28.75 and going up from there depending on what type you are looking for. Most of the ones that I have seen were common but there were some Coca-Cola ones as well as a silver art bar dealer that was selling some for typical ebay prices. Somewhat of a disappointment here for me with a good ending. You will see later in another thread.
.999 generic silver (rounds and bars) = lowest price for 1-oz size was $28.75. I did not see any lower than that.
10-oz silver bars: $296 was the lowest price that I saw. They had Silvertowne, Engelhard and A-Mark brand bars
1-oz GAE: $75 over spot
1-oz Kruggerand: I saw some priced at $1665 each.
100-oz silver bars: I saw an Engelhard and the dealer mentioned that he was selling it for $2900. There was also a JM bar of that same size there but I do not know what it was priced for.
Silver Dollars (Peace and Morgan) = $27 was the lowest price that I saw there. $40 was the highest that I saw!!!!!!!!!
1-oz Engelhard Prospectors: $32.00 was the lowest price that I saw. The ones that I saw appear to be legit based on another thread that I saw but I did not pick them up to take a closer look at them.
1/20-oz gold: Prices ranged from as low as $85 (my snag) to as much as $105.00 based on what I saw today.
I also saw plenty of 1/10-oz GAEs there but I got busy looking around that I did not get any prices at all for the ones that I saw. There was also some junk silver as well as some copper rounds there with $2 being the lowest price that I saw there. Of course they also had the slabbed Morgan and Peace dollars there.
Overall, the first day was somewhat of a disappointment for me until the last hour or so that I was there. I did see several silver art bars there that I wanted but there were a few tables that had some that were selling for between $29-$31 each. This show is very significant one for me because the IASAC (International Association of Silver Art Collectors) will hold its convention there tomorrow and this will be my first IASAC convention that I will attend since I became a member in Summer 2009. They did set up a table there and I did meet several IASAC members (including the president Nancy Yee and Vice President Doug Jennings) and I cannot wait to see more of them tomorrow at the convention. I was able to talk to several of those members and they have stories to tell of their past experiences of collecting. I expect that tomorrow will be a very fun day for me. I left the show at 3:20 PM and headed back home for the day since I was tired from walking around looking for deals.
I ended up not finding much today that I wanted on this first day of the show but here is what I bought so far:
It is a King Kanehameha - sovereign Hawaii that was minted in 1993. It is a 1/20th oz gold coin that I paid $85.00 for it (spot gold closed today at $1615.80/oz). I wanted to take advantage of this price for a gold coin of this size because most of the 1/20th oz gold coin prices that I saw at the show today ranged from $95 to $105.
I usually do not buy gold since I am a silver art bar collector and speaking of silver art bars, I bought 4 silver art bars but with a twist that brings them all together with creativity.....................
This is what I will call the "Silver Art Bar belt buckle". This is a very unique silver piece because whoever made this somehow welded these 4 together to make a nice belt buckle. The 4 silver art bars include 1.) A "cancelled" version of the 1973 Colonial Mint "Secretariat", 2.) A "cancelled" version of the 1973 Ceeco Mint "Labor Day", 3.) A 1973 Ceeco Mint "Go-Go Dancer", and 4.) A 1973 Mother Lode Mint "Father's Day" bar. I paid $125 for this Silver Art Bar Belt Buckle (spot silver closed today at $28.09/oz). Generally speaking, "Cancelled" versions of a silver art bar are very hard to find due to the fact that the mintages on them are very low. The fact that there were two "cancelled" bars on this belt buckle convinced me to buy it. During 4 years that I have been seriously collecting silver art bars, I have never seen anything like this and it is unique in a way that I would have never thought possible.
I plan to go back to the show tomorrow because I plan to attend the IASAC convention.