FUN Show, Day 1 (Dealer Setup)

The FUN Show officially started today (at 2pm), although we’ve been here since Monday afternoon. I’ve already looked at over 3,000 auctions lots and prepared bids for hundreds of them. (Ultimately we will come home with only a handful of those lots for our web site.) The vibe of the floor can be best described by a feeling that dealers are hungry for fresh deals. Yes, there are many thousands of auction lots available, but one dealer summed up the problem to me by saying that”very few fresh coins make it to the bourse floor anymore.” It’s true. Frankly, we at DLRC bring only the older inventory to shows to sell off because our primary venue is the Internet. In other words, if you want our best coins, visit our web site.

This is not always the case as we do bring fresh collector auction consignment to shows because it’s very important to get dealer bids on these coins. We brought the Golden Pioneer Collection of Gold Coins here for that reason, and dealers our outbidding collectors by a 4-3 margin.

Gold was down for the second day in a row, which came as a disappointment to some, as well… Despite this, every dealer I spoke to today told me that business was better than expected for setup. I expect that tomorrow will be the busiest day of the show, and a real barometer of the first quarter of the coin market. Stay tuned…

About John Feigenbaum

As president of David Lawrence Rare Coins, John Feigenbaum has over 32 years of professional numismatic experience. John's began collecting coins as early as age 5 when he started attending coin shows and club meetings with his father in southern Florida. He has also written, The Complete Guide to Washington Quarters (1993) & co-authored The Complete Guide to Certified Barber Coinage (1994). A graduate of Virginia Tech, John took over the reins at DLRC in 1996 when his father, Dave, was diagnosed with Lou Gehrig's Disease. Today, technology is a focal point in growth of DLRC and John spends most of his time with IT development as he leads DLRC and other partnerships in the development of coin-related web sites and mobile applications.
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4 Responses to FUN Show, Day 1 (Dealer Setup)

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