Lots of people enjoyed visiting the September Greater Atlanta Coin Show.
We recognized lots of familiar faces along with the many new people visiting the coin show's bourse for the first time.
Thank you all for coming - old timers and newbies, we hope you enjoyed your visit and will visit again.
Let's not forget - a big thank you to all of the coin dealers who participated with their display cases full of coins, currency, bullion and other collectibles.
During the day, people out and about saw overcast skies - but no real rain - and felt the cooler temperatures of late summer heading into fall.
In addition to the coin show, the hotel hosted a wedding and reception. Some people at the coin show also glimpsed a horse that was part of the wedding party. No, we don't know what part the horse played, but it was odd to see a horse outside the hotel.
As for coins, remember back in August all of the hoopla surrounding the ANA show in Chicago, the US Mint and the newly released gold Kennedy half dollars?
Well, some of the early gold Kennedys made their way to the monthly show's bourse.
The news from August told of the ANA and the US Mint having to control the lines of people wanting the new coins.
Now, a month later, collectors prize the gold Kennedys with the certification from the first day of sales.
Also, since the August monthly show, a couple of our dealers traveled westward to the Long Beach show.
That's a very large show that has the reputation, deserved or not, of making the metals fall in price before or during every show.
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Greater Atlanta Coin Show
2020, our 33rd year of monthly coin shows
Coin Show - Monthly Notes from September 2014
A good offensive play, in this case, is education. Know the characteristics of the coin or other valuable you plan to buy and know the seller through your own experience or through someone you trust.
If you're hesitant buying a valuable coin or collectible, obtain second, third and even fourth or more opinions.
Oddly, though - and be thankful they do, some people enjoy learning all they can about counterfeits, both the old and the modern, to help others learn how to detect the fakes.
Take advantage of their knowledge and enjoy the fun of numismatics - the treasure hunt and the educational opportunities.
Of course, the Long Beach show does not directly impact the price of the precious metals. It's just that the prices have dropped enough times concurrent with the show that some dealers think there's a jinx on metal prices associated with the show.
Speaking of metals' prices, several discussions at the September show revolved around the question, "Has the price of silver reached bottom yet?"
Logically, dealers believe the price cannot drop further. However, people also know that logic does not always drive the markets - commodities or stocks.
Lots of different factors influence the markets, many of which are unpredictable.
At the Sunday coin show, we saw several new people bringing collections for appraisal. Some wanted to sell while others just wanted to know the value.
Sometimes the appraisal delivers bad news. One collection of several coins turned out to be all counterfeit.
Non-numismatists are surprised when an experienced dealer quickly identifies their coins as counterfeit.
But, think about it. Working with coins day in and day out for many, many years builds knowledge about what the specific coins should look, feel and sound like.
Experienced dealers can rapidly determine the relatively common fakes.
With that said, though, counterfeit con artists have improved their techniques.
The recent counterfeit coins coming out of foreign markets require a more in-depth study to determine they are fake.
For example, the dealers at the Sunday show passed around a beautiful high-grade bust dollar worth several thousand dollars - had it been real.
The bust dollar was excellently produced, but it was fake.
US laws prevent people from duplicating coins and currency.
Unfortunately, several foreign countries do not consider it a crime to copy US coins and sell them as real and valuable collectibles.
With the prevalence of the internet, the best defense is a good offense.
Mark your calendar and make plans to visit the next Greater Atlanta Coin Show on Sunday, October 12, 2014 with its bourse filled with coin dealers and their displays of coins, currency, jewelry and other collectibles.