My trip to Casa Bonita over the weekend was more exciting than the ANA’s National Money Show last week held in Denver, Colorado, May 10-12. The sweat beads down my forehead from the hottest dining room ever were more welcoming to my body than the sore knees and feet from the concrete slabbed convention center floor. The physical and emotional pain would have been worth it had there been an awesome coin in the room.
The coolest coins in the room were at the Stack’s Bowers table where being displayed were a few of the pieces from the Battle Born Collection of Carson City coins. The complete set of 111 coins will be up for auction at the ANA’s World’s Fair of Money come August in Philadelphia.
Bill Bugert gave a very good presentation for forty five minutes on Carson City Seated Half Dollars. He spoke about die marriages, how he estimates surviving populations of each date, and suggestions for putting CC half dollar sets together.
While on the show floor, I asked for prices on well over a hundred different coins and trade tokens and actually purchased fewer than 5% of the coins I was interested in. In dealer cases and in backup boxes, in regular inventory and newps, I dug for and yet purchased far fewer coins than I had expected.
Reasonable counteroffers were made, yet most mid-size and smaller dealers seemed more interested in continuing their year-round mobile museum that they trek to shows in hopes of retail buyers.
Retail asking prices are just fine for coins that are deserving, but most of the coins that were on the bourse floor were the ones that nobody wants. They are common coins, over graded, cleaned, damaged etc. Some of the seemingly derogatory descriptions mentioned are okay for coins since I believe that there is a buyer for every item, but the prices being asked for such material at the show were outside of most budgets.
Show attendees appeared to make little noise on the bourse floor on Thursday and Friday. From my estimates between 125 and 150 collectors and part-time dealers were lined up outside of the convention hall doors right before ten o’clock Thursday morning, May 9. Is that a lot? I didn’t think so.
With dealer setup held on Wednesday afternoon, some dealers had left the show for home by Friday afternoon. In regard to future ANA shows, Dave Harper wrote that the ANA voted to discontinue the Autumn ANA show schedule starting as soon as 2013. He thinks that the Spring show could follow suit.
Is this termination of Fall ANA shows a big surprise? Is the elimination a big loss? There are so many national and regional shows across the country already and this show is not the first show to recently be eliminated, the longtime Santa Clara Coin Expo was recently discontinued in California.
Clearly, my analysis of last week’s show is subjective to my mind only. If you went to the show, share your thoughts with me. If you appreciated my debriefing of the show, please leave me a comment. Thank you!