The New Year kicks off as usual with the Florida United Numismatists (FUN) convention in Orlando, Florida. Dates for public attendance are Thursday January 9 through Sunday January 12. If you're planning on attending, please stop by my TABLE 529. I will be arriving Tuesday afternoon and can be reached by phone at 818-632-2352.
As I write the metals are in a mini bull-market with gold closing Friday at $1552.30 and silver at $18.01. This is apparently due to the instability in the Middle-East and the rise of tensions between Iran and West. Let's hope this doesn't escalate into serious levels.
What this means for the rare coin market remains to be seen. Opinions vary greatly among experts as to where and what the new year holds for coins, but the one unanimous conclusion is that, as always, quality is king and even in a down market, nice coins will sell while marginal quality items are hard-pressed to find a buyer. I hope to see you at the show and am happy to discuss your goals and challenges for the upcoming year.
2020, it's hard to believe!! It's been a busy Fall and Winter for me. Business continues brisk in terms of appraisals and my brokerage services as people continue to inherit coin collections or retire and decide it's time to sell. This is a trend I expect to continue for the next decade and is a sign of the times.
I had the privilege of being asked for a ninth time to contribute to the "Rosen Numismatic Advisory" and the "Crystal Ball Survey" wherein a half-dozen of us prognosticate on what the year ahead holds for the rare coin marketplace. The other contributors were John Albanese, David Hall, Warren Mills, Laura Sperber and Scott Travers. If you'd like to read the results contact MauriceRosen@aol.com or 516-433-5800. I think you'll find the opinions lively and thought-provoking.
I continue in my role as Treasurer of the National Silver Dollar Roundtable (NSDR) and we are consumed with the upcoming annual Banquet to held at Ruth's Chris Steakhouse in Orlando, Florida on January 10 in conjunction with the F.U.N. show. I am also on the board of the Professional Numismatists Guild (PNG) and concurrently the Anti-Counterfeiting Educational Foundation (ACEF) which oversees the Anti-Counterfeiting Task Force (ACTF) spear-headed by Doug Davis. If you aren't aware of the incredible strides that have been achieved since its founding back in 2016, I urge you to go to www.acefonline.org and look into the issue of counterfeiting which threatens our hobby, industry and economy. Targets for these criminals not only include coins, but bullion and certified holders. The combat efforts include law enforcement on national and local levels along with federal agencies, a network of expert dealers along with both major grading services. Once you see the seriousness of the situation, I hope will consider donating to the foundation as we are ALL threatened with this menace which comes mainly from overseas entities. You can call directly to ACEF at 951-587-8300 or email to: Bob@acefonline.org .
As I write, we have the precious metals looking strong with gold in particular, up 20% on the year at $1527 per ounce. Even though we still have a physical glut of gold coins on the market, the promise of gold continuing to rise adds energy to the overall market.
This past June, I taught the "Advanced Grading and Problem Coins" class at the ANA Summer Seminar in Colorado Springs for the ninth year in a row. This year, I had a new crew with me and it promises to continue to be one of the most in-demand courses at the Seminar. Esteemed numismatist Jeff Garrett is now co-instructing along with numismatic prodigy, Maxwell Gregory and we are looking forward to next year's class already!
Currently I'm in Long Beach for yet another convention beginning tomorrow. It will be a good one with gold continuing to rise (today 9/3 close was $1546.70), however with all the bad weather on the East Coast the boost ia likely to be mitigated.
If you're coming to Long Beach for this one, be sure to stop by table 934 and say "Hi."
When you visit the DH Ketterling website, one of the first things you'll see is our new video in the middle of the page. The purpose of the video is to detail at a glance the reasons why it's important for any serious coin buyer, seller or collector to do business with an experienced numismatic consultant rather than your neighborhood coin shop.
As the video explains, throughout my career I've worn many hats. About 10 years ago, I decided to transition from a coin dealership to a numismatic consultancy. We now offer a number of valuable services that can make a big difference in all of your coin-related transactions.
Simply put, there is no substitute for experience when you're negotiating the numismatic landscape. I hope the video gives you a variety of reasons to put my knowledge, credentials and experience to work for you.
I have been negligent in posting to the site. Several coins shows have passed including the Central States Show in Schaumburg, Illinois. Coming up on June 5-8 is the fabled Long Beach show where you'll find me at TABLE 934, as usual.
Later in the month I will be travelling to Colorado Springs for the ANA Summer Seminar where I will be teaching "Advanced Grading and Problem Coins" for the 9th consecutive year. I always look forward to this event and this year we are starting out with a new team of instructors, making me the "senior" of the group. If you're looking to sharpen your already competent skills both in grading and detecting problems on coins, this class comes highly recommended. While the beginning and intermediate classes have two sessions, ours is only offered in the 2nd session from June 22-27. There's still time to signup and there are only a few vacancies left. More information can be found at www.money.org.
Finally, be sure to check the new video on my home page! I think you'll find it informative and will explain some of the services I offer.
I've been doing this so long that it's hard to pile on the superlatives, but here we are in 2019 and another Long Beach Show will shortly go into the books. We are in the midst of a mini-bull-run in the metals and I predict this will be the beginning of one of the last upturns in the rare coin market. After several years of a basic side-ways market, we will now see an upturn that many will look back on as a bargain period that should have been obvious to all who witnessed it.
If you have the nerve and the capital, now is a great time to take a chance. I cannot guarantee anything; I can only give you my opinion and that is that this could be one of the last great bull-market beginnings for those who are willing to step out and take some risk.
Beyond that, this could be one the rare Long Beach weeks wherein the bullion market shows a positive gain. At any rate, if you're in town be sure to stop by and say hello at TABLE 934. Best wishes in all your endeavors!
It's hard to believe, but it's 2019, a date which somehow seems futuristic to me!! This week will mark the first (and some say, "The Best") show of the year. Florida United Numismatists (FUN) will be putting yet another world-class coin convention in Orlando, Florida. It will be held in the convention center on International Drive in halls WA1 & WA2 which is across from the old Peabody (now Hyatt Regency Hotel).
My table is virtually in the center of the floor at #628, so if you're attending, please stop by. This promises to be a busy and active show which will kick off the New Year and I hope to see you there!
As we head into the holiday season, much of the rare coin industry is winding down. However, this week finds me travelling to Las Vegas for the CK Show at The Palace Station. This is a new venue with new dates and promises to be a good finale to the year. Stop by table 604, if you're in attendance. Hope to see you there!
Over 40 years of attending Long Beach shows, adds up to a lot of coins passing through my hands. Labor Day will precede this year's 3rd and final Long Beach, but as always I'll be at my TABLE 934. There'll be some interesting coins in my showcases, both U.S. and World so be sure to stop by. This show will also mark the launching of a new website for the National Silver Dollar Roundtable (NSDR), for which I serve as treasurer. It promises to be an exciting and viable website for everyone, dealers and collectors alike. Be sure to check it out: www.NSDR.net Please be sure to stop by!
The home of America's first mint served as backdrop for this year's American Numismatic Association's "Worlds Fair of Money." By all accounts it was a successful show with an incredible array of rarities on the floor and passing over the auction block. The finest of 5 known 1913 Liberty nickels sold for $4,560,000. I had the privilege of shepherding a seven-figure collection through grading, consigning and ultimately sold at the show. A highlight was an 1811/0 Large Cent which last sold for just over $40,000. At least two eager bidders drove the price to $102,000, surprising nearly everyone in the room and pleasing my consignor!
This show provided a fair amount of emotion for me as well. The Charles O. Browne Memorial Scholarship continues to gather steam and the exhibit at my table attracted more generous donations which will send one young person each year to ANA's Summer Seminar for the next 13 years, representing the time Charlie taught the "Advanced Grading and Problem Coins" class. I had the great joy and privilege of sharing that task with Charlie over the last 7 seven years. All who knew him continue to miss his great smile and endless enthusiasm for the field of numismatics. He was posthumously awarded the Abe Kosoff Founder's Award by the PNG which I accepted in his name and is pictured below, right.
The Anti-Counterfeiting Task Force (ACTF), a subdivision of ICTA has made some fabulous inroads since its inception just last year. The result of the passing of another very close old friend, Alan Kreuzer, ACTF began with a generous contribution from his daughter Chandra. This year the Al Kreuzer Memorial award went to 3 persons, all of whom were participants in the breakup and arrests of a $48 million counterfeiting scheme involving coins and bullion items. Rich Weaver of Delaware Valley Rare Coins deserves special praise for his efforts which began when a series of counterfeit silver dollars came into his store. After months of investigation involving Homeland Security and other agencies, these crooks were stopped in their tracks. Our industry faces critical challenges in the future and ACTF couldn't have come into existence at a more opportune time!
Above are the three award winners, from left to right: Nicholas Tranchitella, Homeland Security Agent, Rich Weaver, proprietor Delaware Valley Rare Coins, and Doug Davis of Numismatic Crime Information Center (NCIC).