Parsippany, NJ Coin show report!

Hi everyone,
I had a fun numismatic day today. I was set up at the local Parsippany,NJ show with my friend Yosef (Joebb21 on the PCGS boards). The show features around 100 dealers with all sorts of US type, bullion and paper money. There are some decent coins on the floor, but as with every show, quality is hard to find. It was an interesting show for me and I sold some coins I wanted to get rid of like a problem large cent that I had to take a $400 loss on but was happy to do so. Gold generics were dead at the show and very few people were interested in buying.

There were a few interesting moments at the show. I saw a dealer had a silver eagle in a PCGS slab labeled World Trade Center recovery meaning it was in one of the vaults under the Twin Towers. I asked him how much, he said $37 (the price of a generic silver eagle). Since I knew him, I told him they are worth more. His answer, I dont care, to me its just another eagle. I laughed and said ill take it. He was happy. They go for $200 on ebay, so I put it in my showcase for $200. It sold in a matter of minutes to a non-collector for $175! Its amazing how people can leave money on the table by not doing their research. Whats more funny is they dont want to listen when you tell them they have something better!

The second intersting thing. I took my last problem chain cent to the show. I didnt care if it sold as I love the coin. I was offerred a very interesting item in trade. A large clipped George Washington signature! It was from a collector who discussed it with me previously. The deal is pending until Wednesday so I can get the signature authenticated, but it looks good to me based on the research ive done. The deal will be my chain cent for the Washington plus some cash. The thing that is unique about the signature is that its a very large example which was obviously cut from a large document. I can see it worth around a good amount. Considering what I paid for the chain cent, this Washington signature will be a great deal in the long run. I hope to give it to my daughter some day. Will see what happens.

One awkward moment was when a dealer came to my table and inquired about a coin. He didnt remember that it was one I bought from him a year earlier. I quoted him a price and he went on for a few and said thats WAY too high and it only lists on sheet for so and so. When he was done, I told him I bought it from HIM for $25 less than what I quoted! He left after a bit of awkward silence. lol

A few other highlights...I always keep a few freebies for little kids who come to the table. Today I had a small bag full of Indian Head Cents. So a brother and sister came to the table with their father. I asked what they collect, and they told me pennies. PERFECT! I handed them both two IHC's and they were SHOCKED! The boy looked at me and said, "You just give coins away to kids?". I said sure, you are the future of this hobby. The kid goes "Wow! You're a good person!"!
I couldnt help but laughing after all that has happened....

Purchases included a genuine Wreath Cent I sold to a collector who asked if I would be interested in buying it back. A gold CAC Walker half with gorgeous color, a Lincoln Commem with beautiful color, a NGC/CAC PF67 Walker Half, and a golden toned Oregon from the Guttag collection.

Thanks for reading!
Ankur

 

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Sounds great, you should post pictures of some of the coins.

 

I used to go to that show sometimes, but now prefer to concentrate on the Westchester shows.

They have/had a problem with thieves following cars going from the show, so be careful, and don't stop for food on the way home (from what I recollect).

I'm glad that you feel that you did well.

 

http://www.coinhelp.com/page/page/694745.htm

 

The theft issue happened twice where dealers didn't use their head and left inventory in their car and walked away. You're an open target at any show if you do this.

I went to a Westchester show once and left with nothing. There is much better quality at Parsippany in my experience.

 

but it is only once a year, right?

 

Could You please let me know when the next show in westchester, or near westchester is?

 

WCCC
Westchester County Coin Club



The Westchester County Coin Club was Founded on April 15, 1934 and made famous in 1938 for its sponsorship of the New Rochelle Half Dollar!



Please feel free to learn more about the WCCC by attending one of our monthly meetings held on the 3rd Wednesday of each month in the Community Meeting Room of St. Pius X School on Ramsey Road in Scarsdale NY.



DIRECTIONS TO THE MEETINGS!

First 'Find your way' to the Hutchinson River Parkway!

Coming from either the North or South get off the Hutchinson River Parkway at Exit 22 / Scarsdale / Mamaroneck Road

Turn right onto Mamaroneck Road heading toward Scarsdale (It's a right turn from either direction off the Hutchinson River Parkway)

Proceed 1 1/4 miles. Make a right turn on Palmer Avenue (Route 125)

Go 1 Block and make a left turn on Ramsey Road. St Pius X on your Left.

We meet in the St. Pius X School Cafeteria.



FORMAT OF THE MEETINGS!

A "Trading Table" is set up between 7:30pm - 8:00pm - Don't miss some great bargains!

WCCC meeting "officially" starts 8:00 pm!

Each meeting starts off with a fantastic Guest Speaker (about 20 - 30 Minutes with Q & A)!

Reports & News!

We break for Decaf Coffee with light snacks!

A selection of the "Topics of the Evening" follow!

FUN Raffles, Several One Lot Auctions... and many additional interesting surprises at each and every meeting,...

If you are a long time collector or just starting out....

Dont be shy, Stop bye, Newbies Welcome!

 

Parsippany? It's ever month.

 

really? What day? It is not listed anywhere.

 

First Sunday of every month.

 

Interesting write up on the New Rochelle commemorative half dollar contained within that link. Thanks for posting......

 

That is Scarsdale Coins. i don't know them well, but I'd talked to them before and they are decent guys for peole from Scarsdale

 

why don't you go to the Parsipany show next month and pick me up on the way.

 

If I can get away you're on. Lets see what happens in the next few weeks.

 

good because it is 2 1/2 hours by subway.

 

We can trim that travel time down a wee bit......

 

especially in your plane

 

I'll pay gas and tolls

 

Sounds like a plan.......