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February Issue . 2010,

Hello to everyone in cyber-space! Spring is just a short time from now and we will all enjoy seeing Mother Nature come alive once again. Will the coin market “spring” back to life, or will it stay in the winter doldrums? That is the twenty-four thousand dollar question, isn’t it? In my humble opinion, I feel that great coins will continue to streak ahead and that the duds (over-graded, ugly coins) will be as they are now with lackluster performance.  It is a shame that these coins are a drag on the market. CAC has brought some stability back into the market place, as I believe that is part of their goal. I am definitely a strong proponent of CAC and in my estimation it is the best thing to come along at the right time. I read, with some levity, the remarks by some people questioning the reasons their submissions failed to receive the CAC sticker. One must keep in mind that it is an opinion which I feel is correct, more often than not.

 

     Also, a very important factor one should keep in mind while looking at numbers of coins certified by both major certification companies: Only a mere fraction of  the tens of millions of coins already graded have made their way to CAC! So one shouldn’t be afraid to buy a quality coin if it is offered to them with or without that green sticker! Nice coins that are properly graded are finding their way into collections and are not re-appearing. There definitely is a shortage of nice coins! Dealers are wary of buying as they are afraid of the economy. I feel that this is probably one of the most opportune times we have had in several years to buy. One must really look at this as a buying opportunity and I feel there is value in many, many areas, such as early coinage, seated material, any beautiful proof coinage, and early gold in any denomination-if properly graded. This is definitely the time to buy! If you have any questions or concerns please feel free to email us at info@coinace.com  

 

     We are a family business, and as any other family, we have our share of triumphs and tragedies. So many of you are not just clients, but dear friends, friends that we have shared life's ups and downs with on occasion.

 

     On that note we would like to mention a blessing to our family, the February 12th marriage of Dean and Brittany Albanese.  The wedding took place in Las Vegas at the lovely Venetian Resort Hotel.  At this time of joy for our family we also mourn the death of Theresa's mother, Helen Maloney on February 14th. 

 

We look forward to seeing you March 4, 5, 6th at the Baltimore Coin and Collectibles Expo Booth #857

 

 
Our Warmest Regards,
 The Staff of Albanese Rare Coins


(Upcoming Shows Link) If there are any last minute “wants” please let us know. Keep an eye for the “market insight” after the show for an in depth write up on how the market is doing and where it’s going.  

 


Our very best to you, Dave Albanese coinace@aol.com
                                         Dean Albanese Dean@coinace.com
                                            Bonnie Sabel    Bonnie@coinace.com

David C. Albanese - President
Albanese Rare Coins Inc.
www.COINACE.com
 
Monthly Insight Archive
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