Coins We Love: Happy Labor Day
This week has been a nice change of pace for us as things seemed to just move a bit smoother. We somewhat expected that going into a holiday weekend, but you never know for sure until it arrives. As usual, the auction is plugging along, there are packages flying in and out on both the buying and selling side, and in general it’s just a pleasant week. We’ll be a bit lower on staff tomorrow as folks want to take advantage of the 4 day weekend, and I can’t blame them. We have a great group of people here and while things are certainly not “normal” as far as our office processes go, we’ve adapted and are making things work as best we can. Hopefully none of this is obvious from the customers’ points of view, but it’s just how life is at the moment.
As far as the larger coin market, things still seem to be rather quiet but incredibly active. This might not seem possible, but with the supply of attractive, quality coins being limited, we’ve seen values getting pushed up quite dramatically on many different series. We expected this to occur with gold jumping up, at least on some gold issues, but really it’s had a positive affect on coin values overall. Interestingly, the collector market is what’s driving this and that’s always a good sign of the general health of the hobby. As the collector market picks up, the wholesale market will also do the same over time. Now, the biggest problem is simply getting enough coins to sell. This will likely be an issue until coin shows start occurring with some frequency again or folks get on board with having to ship coins more often.
We’ve thankfully been on the adaptive side and have increased our shipping capacity to support this shift. While we still can use more packages and more coins, we understand that not everyone is comfortable with the idea, so if you have questions or concerns please don’t hesitate to reach out to us. We’ve expanded our insurance availability to customers as well, so if you’re looking to send coins to us and need some assistance, just give us a call and we’ll help you get the coins to us safely and without issue.
What’s on the horizon? Honestly, we don’t know. The Whitman Baltimore Show has been canceled. There are rumors that it might be moved to Atlanta in November, but I think that the scope of the show would certainly change. I’m not sure if it’ll occur, but we’ll keep waiting and simply hope for a return by January to sunny Orlando, Florida. For now though, we’ll enjoy our homes in the Hampton Roads area of Virginia and keep flying coins across the country as efficiently as possible.
John Brush, President of DLRC
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