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Monday, November 1, 2010

The Stamford show COINFEST - a few thoughts!

I arrived at the show on October 28th Thursday at about 12:30 p.m. My first reaction was the lack of the early show "crowds". I remember when the show opened 3 years ago, there were hundreds of collectors waiting to enter for early pickings. Retail buyer this day just weren't breaking the doors down. It seems that most buyers were dealers. Of course, this was the middle of the week, and most dealers I spoke to had hopes that collectors would be there Friday and Saturday.
Gold prices were healthy the first two days, with consistant up markets.
Unfortunately it appears that the collector market is taking a cautious market stance. While collectors are still filling those holes in their sets, retail sales are down.
Fortunately, with gold and silver on the rise, collectors were looking at coins related to those precious metals. Thus, silver dollars and gold type coins are in demand!

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