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Baltimore Coin Expo Opens with Dealer Enthusiasm

by John Feigenbaum

Published on November 10, 2017

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I’ve just returned from Baltimore where I spent Thursday at the Whitman Coin Expo. I actually arrived in Baltimore via a stop i

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I’ve just returned from Baltimore where I spent Thursday at the Whitman Coin Expo. I actually arrived in Baltimore via a stop in Washington D.C. for a short visit with my new friends from the U.S. Mint who I found to be incredibly engaged in the numismatic hobby and looking to spread the word to collectors (and dealers) that they have an open ear to the hobby. More on this in future weeks. After my visit to the Mint offices, I took an Amtrak up to Baltimore where I had a busy morning meeting with dealers and then an interview with David Lisot, which we will post in a week or two.

The show itself opened to greater enthusiasm than I expected.

Dealers as a whole reported that the market is much better than it would appear.

What does this mean, exactly? Well, it means that while we are generally seeing prices decline in a number of highly-traded areas like Morgans, proof sets, etc. there is still quite a bit of activity at the new lower levels. Commerce is happening and many dealers I spoke to were happy to talk briefly and then off to do a deal elsewhere. I was really encouraged.

At the show, I showed off a new CDN product which we will be announcing very soon: “The CPG Coin & Currency Market Review”. This tabloid-format publication will be published quarterly with a complete set of CPG prices for collector reference. We plan to distribute (via mail and show) over 20,000 copies of this guide starting in mid-December. We will be handing them out to everyone at the FUN show in January. Stay tuned for more big announcements from CDN in the coming months.



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Comments (3)

  • avatar image
    JOHN LEPAGE Reply

    The problem with the coin market is not a lack of demand. The problem is twofold. First, the average collector lacks purchasing power. We have all read the articles in the general press about stagnant wages, etc. Secondly, this lack of funds to buy coins has led to an obsession with prices. Most collectors that I see at shows DEMAND that I sell them the coin they want at the Greysheet price. I see a different problem with the coin market than a lack of demand. The problem is twofold. First, the average collector has NO disposable income. We have all read in the general press about stagnant wage rates, etc. Many lcollectors want to

    Wednesday, November 22, 2017 11:22 AM EST

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    Pierre Fricke Reply

    I see new collectors as young as in their teens in Confederate money and US large cents. Not huge numbers but some. Also see new collectors that have entered retirement. I'm selling CSA guide books every week.

    Tuesday, November 14, 2017 4:52 PM EST

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    Edward J Aleo Reply

    prices will continue to fall because no NEW collectors exist and old ones are fading away RAPIDLY....coin collecting is approaching same situation as stamp collecting...but will not end up as bad as stamps....but pretty close to it !!!....friend of mine had a counterfeit foreign coin...worth $16k if real...for fun he sent it in to major grading service...came back REAL....?????...he notified them of their error and they offered him free 3 submittals !!!...BIG SPORTS !!!!!

    Saturday, November 11, 2017 11:26 AM EST

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