Coin show today...sticker shock

[cwgii]

Tucson had a coin show today. I could not believe what they wanted for circulated coin.
Dimes were 4-5$ Each. quarters were 10-12.
Common date wheats were $2.
And forget about bullion. Peace were $35. I did find some generic rounds at $26-32.

It has been a long time, maybe , never again.

[JadeDragon]

Common Date Wheats at $2? I was reorganizing today and found 2500 counted into a bag. Maybe I should move it into a safe!

[cwgii]

Heck I have rolls upon rolls from each year I went with an eye to seeing if I could sell my copper. But it was 90 percent graded coin one table was all Mexican another Canadian then the were the one of just gold. Even one that was Alaskan gold nuggets.


Very discouraged

[Cu Penny Hoarder]

Tucson had a coin show today. I could not believe what they wanted for circulated coin.
Dimes were 4-5$ Each. quarters were 10-12.
Common date wheats were $2.
And forget about bullion. Peace were $35. I did find some generic rounds at $26-32.

It has been a long time, maybe , never again.

Circulated 90% dimes were $4-5 each? Roosevelt's?

Common date wheats were $2 a piece?

The new normal?... quite possibly.

As PM prices gets smashed along with the stock market, I suspect Ag bullion premiums will reach 200-300%.

Imagine 90% dimes selling for $10 a piece. By then the USD probably won't be worth sh*t.

[Recyclersteve]

Hey cwgii:

How many dealers were at the show? It sounds like you may be quoting prices from a single dealer. It is hard to imagine a show with, say, 20 dealers having all of them with these totally ridiculous prices. After all, they are competing with each other and don’t want to leave without selling much.

[cwgii]

Hey cwgii:

How many dealers were at the show? It sounds like you may be quoting prices from a single dealer. It is hard to imagine a show with, say, 20 dealers having all of them with these totally ridiculous prices. After all, they are competing with each other and don’t want to leave without selling much.

About 30 total.with 5-6 doing ,odd stuff. Like nuggets foreign, old paper.

I only saw a couple of films buying. One gent pulled out a WAD of 100' s to buy a gold piece for 1700.
The other was 400 for a Carson city dollar.

[cwgii]

Tucson had a coin show today. I could not believe what they wanted for circulated coin.
Dimes were 4-5$ Each. quarters were 10-12.
Common date wheats were $2.
And forget about bullion. Peace were $35. I did find some generic rounds at $26-32.

It has been a long time, maybe , never again.

Circulated 90% dimes were $4-5 each? Roosevelt's?

Both merc and rosies

Common date wheats were $2 a piece? there was one roll of wheats for $10 without a label as to the years.

The new normal?... quite possibly.

As PM prices gets smashed along with the stock market, I suspect Ag bullion premiums will reach 200-300%.

Imagine 90% dimes selling for $10 a piece. By then the USD probably won't be worth sh*t.

[franklin]

Imagine 90% dimes selling for $10 a piece. By then the USD probably won't be worth sh*t.

If you cash out at that price, you'd best spend it that day before the dollar gets re-valued the next.

[Cu Penny Hoarder]

Imagine 90% dimes selling for $10 a piece. By then the USD probably won't be worth sh*t.

If you cash out at that price, you'd best spend it that day before the dollar gets re-valued the next.

Absolutely.

[Cu Penny Hoarder]

Hey cwgii:

How many dealers were at the show? It sounds like you may be quoting prices from a single dealer. It is hard to imagine a show with, say, 20 dealers having all of them with these totally ridiculous prices. After all, they are competing with each other and don’t want to leave without selling much.

About 30 total.with 5-6 doing ,odd stuff. Like nuggets foreign, old paper.

I only saw a couple of films buying. One gent pulled out a WAD of 100' s to buy a gold piece for 1700.
The other was 400 for a Carson city dollar.

Forgot to say thanks for the report. I haven't been to a coin show in many years. Interesting to hear what's going on out there.

[Silver4face]

How can common wheats be $2 each!!!! I buy them for face! Bought some today. All you got to do is open bank rolls. There is absolutely no skill in that!!!!! And banks are not pushing the shortage crap right now either (except for a couple of scattered A holes here and there). Say NO to greedy dealers and buy for face!!!!! You might even get some good dates if you put the time into it. I should go to a coin show next month and report findings.

[Tourney64]

You sure the $2 for common wheats wasn’t a roll?

[Tourney64]

You sure the $2 for common wheats wasn’t a roll?

[highroller4321]

It all depends on what you are after. Premiums on bullion right now are INSANE!

Wholesale bid on 90% right now is $8.50 over....thats a 43.5% premium over spot for wholesale!

Proof gold in boxes is almost near that same level too!

[cwgii]

You sure the $2 for common wheats wasn’t a roll?

No, it was a bunch of cardboard flips. From 40-58

[Cu Penny Hoarder]

It all depends on what you are after. Premiums on bullion right now are INSANE!

Wholesale bid on 90% right now is $8.50 over....thats a 43.5% premium over spot for wholesale!

Proof gold in boxes is almost near that same level too!

ASEs are ridiculous, but I'm more surprised by the premiums on 90%... highest premiums EVER.

Bags and bags full... feels good.

The more limited the supply, the higher the premiums go. 200-300% premiums are coming... believe it.

[Silver4face]

I went to a coin show yesterday. My first show in six years! It was a relatively small show (approximately 20 dealers.). One dealer was selling almost everything dirt cheap: Wheat pennies - 3 for a dime! Older nickels 3 for a quarter. Canadian and foreign very cheap. More importantly, he had the lowest price for SILVER - quarters for 4.50, 90 percent halves for 9 dollars. As for other dealers,. Quarters were 8 dollars and up. Pre 1965 halves were 13 and up. Junk peace dollars were 26 and up. Junk Morgans were around 30 and up. If you have questions, feel free to ask.

[wheeler_dealer]

I went to a coin show yesterday. My first show in six years! It was a relatively small show (approximately 20 dealers.). One dealer was selling almost everything dirt cheap: Wheat pennies - 3 for a dime! Older nickels 3 for a quarter. Canadian and foreign very cheap. More importantly, he had the lowest price for SILVER - quarters for 4.50, 90 percent halves for 9 dollars. As for other dealers,. Quarters were 8 dollars and up. Pre 1965 halves were 13 and up. Junk peace dollars were 26 and up. Junk Morgans were around 30 and up. If you have questions, feel free to ask.

Thanks for sharing this information. I have been watching some current local auctions and there are no deals to be had. Premiums are still high. What state are you in if you are willing to share.
Did you get any deals? Thanks

[Cu Penny Hoarder]

Was at a gun show last week. One guy was selling average circulated Peace Dollars for $32 each... tried to get him down a couple bucks by offering to buy all of them for $25 each, he wouldn't budge.

[thecrazyone]

I think what many of you might be missing is, those of us who know the true numismatic value of these coins are really starting to fade away. That said, I think alot of the newbies are trying to jack up the values since the items are "old". I've seen it happen with toy cars, arcade games, and classic cars, so I suspect that it is all relative.

I also wouldn't apply this to copper cents per se, but I keep mulling in my head that there have to be alot of silver and gold coins out there that were already melted- since there is no way to count which ones are now truly gone (man we need a coin census, lol), it's only fair to conclude that those that remaining are also increasing in numismatic value alone. Just my .02 (and zinc, at that)

[Cu Penny Hoarder]

I think what many of you might be missing is, those of us who know the true numismatic value of these coins are really starting to fade away. That said, I think alot of the newbies are trying to jack up the values since the items are "old". I've seen it happen with toy cars, arcade games, and classic cars, so I suspect that it is all relative.

I think you're onto something here.

[wheeler_dealer]

Just checked E bay auctions and ASE's can be had at $32.00-$33.00. Well down from few weeks ago.
90% silver dime rolls are still strong.

[Cu Penny Hoarder]

Just checked E bay auctions and ASE's can be had at $32.00-$33.00. Well down from few weeks ago.
90% silver dime rolls are still strong.

As the Ag price moved above $20, the online bullion dealer premiums have not come down. Higher spot price + ridiculously high premiums are putting off potential buyers.

The black Friday bullion dealer specials this year were not that great. Apmex's site crashed, which happens every black Friday. They advertised 1oz gold CMLs on sale "at spot", but I cannot find anyone who was able to buy one, not even on the WSS forum (230K members). By the time the site came back up 20 minutes later, all the "at spot" deals were gone. I wouldn't be surprised if Apmex's Black Friday "at spot" sales are a fake marketing gimmick to get people to their website. Another thing Apmex (and others) does on black Friday and cyber Monday is run scam "deals"... i.e. they raise their prices even higher to say they cut the premiums. Apmex has fallen from grace these past couple years and their customer service has gotten worse too.

[Silver4face]

Just checked E bay auctions and ASE's can be had at $32.00-$33.00. Well down from few weeks ago.
90% silver dime rolls are still strong.

Thanks for the update on that. I have not visited Ebay since the spring. In the spring, those ASE's were consistently fetching 36-40 dollars apiece.