A BIG thank you goes to all of the dealers and to all of the visitors that made the October Greater Atlanta Coin Show a busy, busy, busy place to be.
Between the up and down chaos in the metals' market, the mass confusion in the Washington politics and a really gorgeous fall day, we did not expect the bourse to be so busy.
The dealers packed the bourse with their showcases full of coins, currency, bullion and collectible items before the 9:00 opening hour.
People began arriving to fill the aisles. They moved from dealer to dealer looking at the treasures in the showcases.
New faces and returning regulars visited the dealers to view the collectibles and search for what might strike their fancy.
Here's a thank you to a person new to the coin show who commented, "This was not what I expected." When asked if it was better or worse, she responded, "Better, very professional."
Several of the visitors came to buy silver. Some purchased their silver in coin form. Others chose to purchase bullion items.
With its recent release, the buzz on the floor included talk of the new $100 note with its additional security measures. The note was released just prior to the show on October 8.
Several dealers made a point to bring new $100 notes for display. Though, many visitors had already seen the notes - even though they'd only been available a few days and even though they were released during the Slimdown.
Other currency, as a part of numismatics, could be found in displays around the bourse. Several dealers offered US currency, several displayed World currency and some showed off both.
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Greater Atlanta Coin Show
2021, our 34th year of monthly coin shows
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As a consequence, people bring much circulated and well worn coins with several decades of age to the coin show and expect them to have a high value.
When the coin dealers explain the old coins in that condition are worth only slightly more than their face value, people get upset.
Some take the news philosophically and joke, "I guess I won't be paying off the mortgage."
Others, who really needed their expectations to be true, are disheartened and sometimes frustrated with the coin dealers.
However, the coin dealers at the show are highly competitive with each other. They evaluate the items based on their best offer in the current market.
Plus, coin dealers do not enjoy dashing people's expectations. We just wish the media would take more care in how they present their "found treasure" stories.
Remember, NEVER, EVER clean old coins. In case you do have a treasure, cleaning the coin would diminish its value.
Once again, the October Greater Atlanta Coin Show's bourse offered a wide variety of numismatic and investment items along with related collectibles.
Whether a collector or a curiosity seeker, the show offers something for everyone. As the dealers find items in their shops or at other coins shows, they bring new items to display each month.
Remember to visit the Greater Atlanta Coin Show's facebook page for our Coins Tell Stories entries such as:
"My organ of 'acquisitiveness' was manifest at an early age..."
"I'm sorry I didn't know the fleet was coming in tomorrow..."
What are "Fire Lands?" Volcanoes? Hot springs? Forest fires?
"Of fine physique but somewhat pompous manner..."
Say what? We owe part of our history and freedoms to brown-gold?
An ox-drawn cart from Sacramento, a stagecoach from Auburn...
"We were then ordered to halt and commence fireing..."
"Ira Allen had done more good work ..."
"…I have been only eight days in Philadelphia..."
...and other Coins Tell Stories entries as well...
"Like" our facebook page to be alerted when we add new stories and their related coins.
Make plans to visit the next Greater Atlanta Coin Show on Sunday, November 10, 2013 to see what the coin dealers have on display and to buy, sell and browse their many examples of coins and currency, jewelry and other collectibles.
Interestingly, when the Bureau of Engraving and Printing (BEP) produces a new design on a note, people begin paying more attention to older versions of that note. For example, with the advent of the new $100 note, people now want to collect the red seal $100 notes that have been out of circulation for a number of years.
In a BEP Currency Notes document, they included a description of Treasury Seal colors.
"The Treasury Seal was standardized with the introduction of the new small-size notes of Series 1928. The seals, with a toothed outer edge, were the same across all classes of currency, except for the color. Federal Reserve Notes were issued with a green Treasury Seal, Silver Certificates with a blue seal, Gold Certificates with an orange seal, United States Notes with a red seal, and National Bank Notes and Federal Reserve Bank Notes with brown seals."
As for coins, people found examples around the bourse originating from ancient times all the way to modern day coinage.
One particular example, a post-colonial issue, traded on the bourse. This coin celebrated its 230th birthday this year - at least based on its date.
The 1783 Nova Constellatio used a pattern developed in Philadelphia that was intended to be the foundation of a decimal coinage system and shared among the new states.
The patterns included a denomination, however the actual Nova Constellatio struck in Birmingham, England for the states did not provide any denomination on the coins.
The coin's obverse contained 13 rays alternating with stars around a central eye. One version included pointed rays and another blunted. The reverse varied between a small, printed "US" or a large, scripted "US" surrounded by a wreath.
The front included the inscription "Nova Constellatio," and the back had either "Libertas Justitia" or "Libertas et Justitia."
The Nova Constellatio coins that show 1783 dates were not shipped to New York from England until 1785 and may have also been struck in 1785, not 1783.
Whether the coin is 228 years old or 230, it provides an interesting insight into our coinage history.
But, modern coins traded on the bourse as well.
For example, a 1995W proof American Silver Eagle changed hands as an individual coin. Initially, the US Mint only released these coins as a "bonus" coin in a set of gold coins.
As a result, the 1995W has a low mintage and now enjoys values in the 4-digits, that is, 4-digits to the left of the decimal point.
Various dealers on the bourse included other collectible interests. Some offered vintage calendars, antique watches, jewelry and semi-precious stones.
As people attended the show, they also saw an elaborately decorated "Just Married" vehicle in the hotel's parking lot.
Inside the hotel, show attendees moved among kids in the hallways as they went to and from their various soccer seminars held in the hotel's conference facilities.
On another note, coin dealers offer free verbal appraisals during the show each month. Some visitors brought items to be evaluated. Unfortunately, depending on the items, the dealers sometimes have to disappoint people.
These visitors hear the media stories about people finding rare and valuable coins. Those stories, while true, do not tell the whole story about rarity and condition. Instead, the media sets people's expectations too high.