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Foreign Coins
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To Order Call
1-888-637-6388
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October Issue . 2010,
Whew! No one could be happier that the summer has drawn to a close, than us here at ARC. In recent memory, the coin market has been slow in the summer months. We have become accustomed to that, but this summer was a sleeper! That's not to say we didn't sell some very special and important coins... however, the market seemed to dry up and we had an extremely difficult time locating the cream of the crop coins that we like to offer.
We attended the Long Beach expo two weeks ago, and although the California economy is in the doldrums, we did return with some stellar coins. We still notice that our clients on the West Coast are holding tight to their pocketbook, so retail sales were slow. Fast forward to last week (we did back-to-back shows) and we arrive in Philadelphia for the Whitman Coin Expo. Clients were out in force and the show was an extremely busy one for us! There was a flurry of activity for dealer-to-dealer transactions and retail sales were brisk as well. Again, we were surprised at the quality of coins we could find and we are sensing that the bottom of the market may have been reached. We can also credit the "Plus" grading by PCGS and NGC since it has pulled some coins out of strong hands and put them back in the marketplace. That is a most welcome event!
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
Bonnie Sabel Bonnie@coinace.com
Monthly Insight Archive
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