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ANA Show Report 8/7/24
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<p>[QUOTE="ddddd, post: 25505689, member: 22377"]Here are my observations and thoughts from the ANA Show.</p><p><br /></p><p>~Arriving a little after the 10 AM opening meant the line to get tickets ($10 per day or $25 for all days for non-ANA members) was fairly short and there was no buildup near the entrance</p><p><br /></p><p>~Minted Assets were giving out a free coin specially made for the show at their booth (#730) and they should have some for a few days. I think this is a pretty cool design and you can’t beat the price!</p><p><br /></p><p>~The bourse is large and there seemed to be more dealers than last year (I did not check the numbers to verify). There were plenty of people walking the show and certain tables were busy. I liked that there was a world mint section. It is a bit disappointing that most were not selling anything at the show-just advertising so that you can buy online. At previous ANA shows (I want to say circa 2015), I was able to buy some cool coins from the Austrian Mint and the mint in Ukraine. The US Mint was also present (I recall there was a thread on the CU forum a month or so ago mentioning that they had not yet been confirmed as having a table).</p><p><br /></p><p>~Gold spot has decreased about $100 from its high point last week but dealers were below spot for US bullion. I had a ½ oz Spouse and the person I have normally sold to was not interested. I did end up finding a smaller dealer that offered $40 under (so $80 per oz/ ~3.5% under). I figured it was a good time to cash out of a coin I didn’t have much attraction too and turn the funds into something for the collection.</p><p><br /></p><p>~There was plenty of gold and silver on the bourse but I did not notice many deals/fervor (I could have missed it of course but it did feel like some previous shows had more affinity for metals). Platinum, as usual, is even scarcer on the floor. Only a few dealers carry any and I’m guessing the drop in price over the last week has further diminished the prospects of much activity (which is too bad in my opinion since the platinum coins, especially some of the proof Eagles, have some nice designs).</p><p><br /></p><p>~Buying can be a challenge since nice coins are priced strong (and this show was no different). I’m willing to step up for the right coins but a few that I liked were in moon territory. A very nice common date MS 62 high end toned Morgan was just one example-it was priced at $2k. This same coin was $1,600 at Central States (in May of this year), so the price is going up! Now it was with a different dealer but I’m not sure if a sale has happened in between or if it is just on consignment. I was willing to pay crazy money for that coin but not that crazy!</p><p><br /></p><p>~Luckily I did walk away with two cool coins (photos to follow at the bottom). One was a nice reverse toned CAC slabbed Morgan. Having seen some other dealer prices, I figured this one would be in that range. I was pleasantly surprised when it turned out to be fairly priced (probably half of what others would ask and within the margins of what I could expect to pay if it were auctioned at a place like GC, eBay, or Heritage). The other “coin” is a toned Dan Carr Society of Silver Dollar Collectors overstruck Peace Dollar. It’s a toned version with only 12 made. I liked the color and enjoy Carr’s work, so this was a fun addition.</p><p><br /></p><p>~Selling was a process but overall I was satisfied with the results. Like usual, it took showing items to multiple dealers before the right deal was reached. Several dealers passed or offered quite a bit less than I expected but I usually found someone who met my price (or close enough to make the deal). I was able to move several toners that I had upgraded in my collection or optimistically stretched on previously (that turned out to not fit my eye appeal threshold). I did let go of one Morgan that I still liked and would have kept but it helped seal a multi item deal at a price that was fair to both the dealer and me.</p><p><br /></p><p>~Random item inserted to see if anyone is still reading: did the soap in the bathrooms smell odd to anyone?....ok back to your regularly scheduled programming…..</p><p><br /></p><p>~I found the exhibits interesting. My favorite was one that showed the periodic table of elements via coins. I have seen something similar before but this exhibit used a tantalum coin from Kazakhstan (one of my favorite world mints), so that pushed it to the top. The Norfed display caught my eye too (I also found out that NGC started grading these in 2023). And the one with information about the PCGS Regency slab was back (saw it at a previous show). It had some cool items that included the original price sheets and order forms.</p><p><br /></p><p>~There were more world coins at this show than Central States (as expected) but I still have not found that one person who has a silver proof from Uzbekistan that I need for one of my sets (I did not expect to find one either). There did not appear to be many pick/junk bins either. I recall seeing two (Central States seemed to have more). I know people like these as it’s a fun way to find something on a budget but it also does not make sense for most dealers to carry these with them (unless they are local and can drive).</p><p><br /></p><p>~I did not see many oddball slabs. There were some small white Anacs holders, several SEGS slabs, multiple PCI, and even a few of the photo slabs/photo certificates but nothing super scarce. In terms of PCGS/NGC, many tables have some PCGS rattlers and occasionally someone has an NGC white label (2.0/2.1). GreatCollections had a set of NGC 1.0 black label slabs on display (not selling) and some PCGS prototypes (rattler and Regency) that are being auctioned.</p><p><br /></p><p>~Overall it was a fun show and any day one gets to spend around a ton of coins is a good one in my book[/QUOTE]</p><p><br /></p>
[QUOTE="ddddd, post: 25505689, member: 22377"]Here are my observations and thoughts from the ANA Show. ~Arriving a little after the 10 AM opening meant the line to get tickets ($10 per day or $25 for all days for non-ANA members) was fairly short and there was no buildup near the entrance ~Minted Assets were giving out a free coin specially made for the show at their booth (#730) and they should have some for a few days. I think this is a pretty cool design and you can’t beat the price! ~The bourse is large and there seemed to be more dealers than last year (I did not check the numbers to verify). There were plenty of people walking the show and certain tables were busy. I liked that there was a world mint section. It is a bit disappointing that most were not selling anything at the show-just advertising so that you can buy online. At previous ANA shows (I want to say circa 2015), I was able to buy some cool coins from the Austrian Mint and the mint in Ukraine. The US Mint was also present (I recall there was a thread on the CU forum a month or so ago mentioning that they had not yet been confirmed as having a table). ~Gold spot has decreased about $100 from its high point last week but dealers were below spot for US bullion. I had a ½ oz Spouse and the person I have normally sold to was not interested. I did end up finding a smaller dealer that offered $40 under (so $80 per oz/ ~3.5% under). I figured it was a good time to cash out of a coin I didn’t have much attraction too and turn the funds into something for the collection. ~There was plenty of gold and silver on the bourse but I did not notice many deals/fervor (I could have missed it of course but it did feel like some previous shows had more affinity for metals). Platinum, as usual, is even scarcer on the floor. Only a few dealers carry any and I’m guessing the drop in price over the last week has further diminished the prospects of much activity (which is too bad in my opinion since the platinum coins, especially some of the proof Eagles, have some nice designs). ~Buying can be a challenge since nice coins are priced strong (and this show was no different). I’m willing to step up for the right coins but a few that I liked were in moon territory. A very nice common date MS 62 high end toned Morgan was just one example-it was priced at $2k. This same coin was $1,600 at Central States (in May of this year), so the price is going up! Now it was with a different dealer but I’m not sure if a sale has happened in between or if it is just on consignment. I was willing to pay crazy money for that coin but not that crazy! ~Luckily I did walk away with two cool coins (photos to follow at the bottom). One was a nice reverse toned CAC slabbed Morgan. Having seen some other dealer prices, I figured this one would be in that range. I was pleasantly surprised when it turned out to be fairly priced (probably half of what others would ask and within the margins of what I could expect to pay if it were auctioned at a place like GC, eBay, or Heritage). The other “coin” is a toned Dan Carr Society of Silver Dollar Collectors overstruck Peace Dollar. It’s a toned version with only 12 made. I liked the color and enjoy Carr’s work, so this was a fun addition. ~Selling was a process but overall I was satisfied with the results. Like usual, it took showing items to multiple dealers before the right deal was reached. Several dealers passed or offered quite a bit less than I expected but I usually found someone who met my price (or close enough to make the deal). I was able to move several toners that I had upgraded in my collection or optimistically stretched on previously (that turned out to not fit my eye appeal threshold). I did let go of one Morgan that I still liked and would have kept but it helped seal a multi item deal at a price that was fair to both the dealer and me. ~Random item inserted to see if anyone is still reading: did the soap in the bathrooms smell odd to anyone?....ok back to your regularly scheduled programming….. ~I found the exhibits interesting. My favorite was one that showed the periodic table of elements via coins. I have seen something similar before but this exhibit used a tantalum coin from Kazakhstan (one of my favorite world mints), so that pushed it to the top. The Norfed display caught my eye too (I also found out that NGC started grading these in 2023). And the one with information about the PCGS Regency slab was back (saw it at a previous show). It had some cool items that included the original price sheets and order forms. ~There were more world coins at this show than Central States (as expected) but I still have not found that one person who has a silver proof from Uzbekistan that I need for one of my sets (I did not expect to find one either). There did not appear to be many pick/junk bins either. I recall seeing two (Central States seemed to have more). I know people like these as it’s a fun way to find something on a budget but it also does not make sense for most dealers to carry these with them (unless they are local and can drive). ~I did not see many oddball slabs. There were some small white Anacs holders, several SEGS slabs, multiple PCI, and even a few of the photo slabs/photo certificates but nothing super scarce. In terms of PCGS/NGC, many tables have some PCGS rattlers and occasionally someone has an NGC white label (2.0/2.1). GreatCollections had a set of NGC 1.0 black label slabs on display (not selling) and some PCGS prototypes (rattler and Regency) that are being auctioned. ~Overall it was a fun show and any day one gets to spend around a ton of coins is a good one in my book[/QUOTE]
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ANA Show Report 8/7/24
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