Daily Blog Greatest Hits
Iowa Collection II Sale - E-Bid Auction Late October
Type Date Grade TPG Variety
Capped Bust 25C 1831 Large Letters VF30
PCGS
Seated 25C 1838 No Drapery VF25
PCGS
Seated 25C 1839 No Drapery AU50
PCGS
Seated 25C 1840 Drapery EF40
PCGS
Seated 25C 1840-O Drapery VF20
PCGS
Seated 25C 1841-O EF40
PCGS
Seated 25C 1842-O Large Date EF45
PCGS
Seated 25C 1843 EF40
PCGS
Seated 25C 1844 EF40
PCGS
Seated 25C 1844-O EF45
PCGS
Seated 25C 1845 VF25
PCGS
Seated 25C 1846 EF45
PCGS
Seated 25C 1847-O EF45
PCGS
Seated 25C 1847 EF45
PCGS
Seated 25C 1848 VF35
PCGS
Seated 25C 1850 EF45
PCGS
Seated 25C 1851 EF40
PCGS
Seated 25C 1851-O VF30
PCGS
Seated 25C 1853 Arrows & Rays AU58
PCGS
Seated 25C 1853-O Arrows & Rays EF40
PCGS
Seated 25C 1854-O With Arrows AU50
PCGS
Seated 25C 1855 With Arrows AU53
PCGS
Seated 25C 1856 EF40
PCGS
Seated 25C 1856-S F15
PCGS
Seated 25C 1857 AU55
PCGS
Seated 25C 1858 AU53
PCGS
Seated 25C 1858-O AU50
PCGS
Seated 25C 1858-S F15
PCGS
Seated 25C 1859-S VF35 PCGS
Seated 25C 1859-O EF40
PCGS
Seated 25C 1859 AU55
PCGS
Seated 25C 1860 AU55
PCGS
Seated 25C 1861 AU50
PCGS
Seated 25C 1862 VF35
PCGS
Seated 25C 1862-S EF45
PCGS
Seated 25C 1864-S EF40
PCGS
Seated 25C 1865 VF25
PCGS
Seated 25C 1865-S EF45 PCGS
Seated 25C 1866-S VG10
PCGS
Seated 25C 1866 With Motto F12
PCGS
Seated 25C 1866 With Motto VF25
PCGS
Seated 25C 1867 VF35
PCGS
Seated 25C 1867-S VF25 PCGS
Seated 25C 1868-S VF30
PCGS
Seated 25C 1869-S VF30
PCGS
Seated 25C 1869 VF25
PCGS
Seated 25C 1870 EF40
PCGS
Seated 25C 1871 VF35
PCGS
Seated 25C 1872-S F15
PCGS
Seated 25C 1872-CC G06
PCGS
Seated 25C 1872 VF35
PCGS
Seated 25C 1873 No Arrows, Open 3 EF40
PCGS
Seated 25C 1873-S EF40 PCGS
Seated 25C 1874 With Arrows EF45
PCGS
Seated 25C 1874-S With Arrows VF35
PCGS
Seated 25C 1875-S AU58
PCGS
Seated 25C 1875-CC AU53
PCGS
Seated 25C 1875 AU58
PCGS
Seated 25C 1876-CC VF35
PCGS
Seated 25C 1877-CC AU50
PCGS
Seated 25C 1877-S AU55
PCGS
Seated 25C 1878 AU55
PCGS
Seated 25C 1878-S EF40 PCGS
Seated 25C 1878-S F12
PCGS
Seated 25C 1878-CC AU58
PCGS
Seated 25C 1879 AU55 PCGS
Seated 25C 1885 VF35
PCGS
Seated 25C 1888-S EF45
PCGS
Seated 25C 1891-S EF40
PCGS
Barber 25C 1894-O AU55
PCGS
Barber 50C 1908-D AU50
PCGS
Gold G$10 1901 Liberty MS62
PCGS
Gold G$20 1926 St Gaudens MS62
PCGS
Washington 25C 1936 MS65
PCGS

Gerry's Daily Blog

Featured Coins of the Day

1877-S WB-13 PCGS AU50 50C
Newtown $350


1846-O WB-11 PCGS EF40 50C
Newtown $325


1842 WB-8 raw EF45 50C
Newtown $265


1860-O PCGS AU55 50C
Newtown $550


1887-S F-112 PCGS MS65 10C
Newtown $975


1868-S F-101 PCGS MS64 10C
Newtown $5250


 

 

October 19, 2020

Is Autumn Foilage a Continuum?

and

GFRC Test Run E-Bid Auction Application Is Debugged

A sincere thanks to everyone who helped debug the new application.

 

Greetings and welcome to the Blog on a Monday morning. It was a wild Sunday evening as GFRC launched the E-Bid Auction application.

The good news is that Diane returns home this evening after two weeks in Austin. She reported a high temperatures in the low 90s on Sunday and will be in for a Maine temperature transition once exiting the Portland airport. It won't be that bad as the forecasted temperature is in the mid 40s for late evening. It is best that I have the wood stove operating for her arrival.

Sunday brought an exciting evening for the GFRC staff. A host of customers and friends pounched on the new GFRC E-Bid Auction application to try their luck. Several initial start-up issues confounded everyone but were quickly resolved from the Raymond office and Matt's quick fix programming from Fuzhou China. I'll get into more details later in the Blog.

 

Is Autumn Foilage a Continuum?

Since placing a substantial amount of time into the back acreage this year and documenting the Autumn 2020 foliage season in the Blog, I've been keenly aware of the color transition. Online website that document and discuss autumn foilage will predict peak foliage color timeframes based on geographical locations. I went into the southern Maine foilage season with an estimate that the past weekend would be the local peak color timeframe.

After walking the back acreage and taking pictures on Sunday, I believe that the autumn foilage season is a continuum over three weeks or more and should be enjoyed accordingly. The term "peak colors" was probably developed for the tourism industry. By predicting the "peak colors" timeframe, leaf-peepers can schedule their vacation trips to New England to coincide with maximum colors.

Yesterday's property walk revealed a host of different foliage situations. Following are several images for your enjoyment.

First is this beautiful oak on the property line with neighbors Rick and Sharon. This oak presents its full crimson-brown coloring on what is consider peak foliage weekend. Yes, I must cut back the adjacent pine, on the left, that is growing into the oak. (Clicking on images will provide access to high resolution images).

Beautiful Oak with Crimson-Brown Coloring

 

There are two different oak species on the property. The second species presents an orange-gold coloring that is not as intense. This species also grows differently with multiple trunks rather than one large crown. Its foilage color transition runs behind that of the first oak illustrated.

Second Oak Species with Orange-Gold Coloring

 

Most interesting is the maple that is adjacent to the homestead and GFRC office. This maple is by far the latest to experience a color change. This tree will have dropped its leaves by early November while the balance of the property is already bare.

Latest Color Transition Maple on the Fortin Property

 

Sunday's hike down to the natural spring was a fantastic break from the GFRC office. The trails were covered with a thick leaf carpet. Once arriving at the natural spring, a host of small frogs sensed my presence and jumped into the pool. I'm pleased to report that the spring is again flowing. Once dropped leaves were removed with a lawn rake, a fairly strong current was moving the remaining leaves from the pool into the dam.

Natural Spring is Flowing Again

 

During the uphill return hike, I arrived at my favorite spot on the trail. Little needs to be said. Just enjoy the colors and the implied serenity! I wish all readers could have joined me for this moment. BTW, right before I took this picture, two chipmunks ran across the trail.....

A Picturesque Section on Ledge Hill Trails

 

GFRC Test Run E-Bid Auction Application Is Debugged

As mentioned at the beginning of today's Blog edition, Sunday evening brought the launch of GFRC's new automated bidding application.

I had spent a fair amount of the afternoon rewriting the Terms & Conditions to be consistent with the automated application. The Auction Guide page was also updated with basic usage instructions.

The Test Run Sale launched on scheduled at 9:00 PM. By 9:30 PM, two major issues appeared and where quickly resolved. They were;

- Lots with $1 Reserves were impacted by a programming rule that does not allow bidders to enter a value that is 10x larger than the current bid or reserve. This rule was installed to help screen erroneous bids.What we failed to contemplate is that lots with a $1 opening reserve would not allow bids over $10. Matt quickly changes the code to excludes lots priced until $100 from the this bidding error checking.

- Lots that were taken from the existing price list were capturing their retail asking price as the lot's reserve price even though I had set $1 and $99 reserves. That fix was easy and a learning. The COIN system can only handle one entry for a lot. A lot can be programmed for price list posting or auction list posting, but not simultaneously.

Matt and I still have one issue that is impacting the 1883 No Cent 5c lot and the 1853 Arrows lot. The application is designed to use a lot's barcode value as its identification. This identification is critical for connecting bids with the lot. Currently, we still don't understand why the system is having trouble with two of the barcodes and must continue to investigate during the coming week.

Matt has pointed out that the next auction will require a barcode identification precheck to ensure that every lot and its barcode is validated before an auction goes live.

Several users reported that GFRC emails from the email address auctions@seateddimevarieties.com went to their Spam or Junk mail folder. Unfortunately, bidders must configure their email application settings to allow emails from auctions@seateddimevarieties.com. Sorry, but I can't walk you through this task. Each of us must learn how to update settings on our systems. I'm at the point where my Junk folder is treated as just another folder. Everyone should make a habit of checking their Junk folder daily if they are not comfortable with updating email application settings.

 

AuburnNY Accordian U.S. Gold is Posting to the Price List

Before the launch of the Test Run Sale on Sunday evening, I was able to post four of the AuburnNY Accordian U.S. gold lots to the price list. Already, the 1871-S and 1872-S $10 eagles are on hold.

The balance of the AuburnNY Accordian gold offerings will be posted to the price list during the afternoon hours.

 

Global Financial News

Regardless of all the political turmoil due to the U.S. presidential election, markets continue to be in an upbeat mood with average opening gains of 1% being forecasted by morning futures. Following are those futures courtesy of Seeking Alpha.

In Asia, Japan 1.1%. Hong Kong 0.6%. China -0.7%. India 1.2%.

In Europe, at midday, London -0.2%. Paris 0.9%. Frankfurt flat.

Futures at 6:20, Dow 0.8%. S&P 0.9%. Nasdaq 1.2%. Crude -0.7% to $40.84. Gold 0.5% at $1915.10. Bitcoin 0.4% to $11468.

Economic optimism is also being capture by crude pricing (40.84/bbl) and the 10 Year U.S. Treasury bond yield (0.77%). Spot gold pricing has increased to $1915/oz.

I believe the U.S. electorate is realizing the substantial bias of the online and cable news media for the Democratic party along with Big Tech also showing its true colors during the past week. This realization may translate into a surprise outcome come the post November 3th timeframe.

 

Wrapping Up The Blog

Wow, it is difficult to believe that this entire Blog edition was written in time for the 8:00 AM publishing time. I hope that you've enjoyed the visit.

Yes, I will be in the office for most of the day. The house probably needs to be cleaned-up a bit before Diane returns. The past two weeks have truly been a blur and I'm looking forward to life slowing down a tad.

Oh crap, I just remembered that the upstairs bedroom flooring remodeling project kicks in once Diane is back. I may be sleeping in the basement sound room for an evening or two to escape this last project.

Thanks for checking in at the Blog. Be safe and well!

 

 

 

October 18, 2020

GFRC's Test Run E-Bid Auction Sale Starts This Evening

and

AuburnNY Accordian U.S. Gold Arrives!

 

Greetings on a mid-Autumn Sunday morning and welcome to the Blog.

Southern Maine rains have finally passed. Skies are a pale blue as sunrise occurs while the Blog is being composed. Days continue to grow shorter with Daylight Saving Time arriving on November 1.

Busy is the operative word for the GFRC office and Raymond homestead. Saturday was a blur as multiple background GFRC deliverables got done. Collectors may not realize the amount of "office" work that takes place in the backgroud, especially when offering a broad number of product lines and servicing a wide ranging client base. Operating on a solo basis adds to the workload and leads to fast paced days if the many demands are to be properly executed.

Further consuming my time are two new programs; 85% CAC Buyback and E-Bid Auction Sales.

The 85% CAC Buyback program is already a success and well beyond my early expectations. Collectors have a straightforward basis for trading in prior purchases for a fixed return. Most are using the return as trade monies for new purchases. If visiting the 30 Day New Purchase price list, you will find a nice range of 85% CAC Buyback offerings that were posted yesterday. Many had multiple FRoRs when initially offered and I confident that these buybacks will not last long once offered for a second time including being posted on Collectors Corner.

 

GFRC's Test Run E-Bid Auction Sale Starts This Evening

The E-Bid Auction Sales program and new Matt Yamatin application will go live this evening at 9:00 PM. The Test Run Sale is an opportunity for those who are curious, and with intentions to bid strongly in the upcoming Iowa Collection II Sale, to get their feet wet with the new applications. The reserves are tiny and the overall lot values are low. The value of the Test Run Sale is the learning outcomes and not prices realized. I hope that everyone has this perspective going into the sale.

The currently plan is to re-written the Terms & Conditions this afternoon along with providing bidding instructions on the Auctionguide.html page. These deliverables will be completed before the auction launches at 9:00 PM ET. I will be monitoring the start of the auction during the first hour and will be available to respond to questions via email.

 

Maine Autumn Foliage Transition Report

After Saturday's rains had cleared out, bright blue skies returning during the afternoon hours. I remembered that an autumn 2020 Maine foliage update was due for today's Blog edition and snapped this coastal horizon image at about 2:45 PM. The long shadows on the right side of the image illustrate the low angle of the sun during mid-afternoon.

Yesterday's image presents an interesting study of the Maine foliage season and various color change rates of the native trees. According to the online sources on the topic, this weekend is peak foliage for my location in southern Maine. The mighty oaks have begun their color transition with crimson-brown and pale orange-yellows as a function of the different species. However, by the time that the oaks have completed their transition, the birchs and maples has lost much of their foliage. If one looks carefully at yesterday's image, some trees present a heighten color density against an increasingly barren landscape. The row of smaller trees directly behind the left side of the stone wall illustrates this point.

On a most positive note is the sprouting new lawn in front of the settler's stone wall. The area to the right of the wall's opening is nearly a solid green while the newly planted areas on the left side of the opening should be full green in another week or so. Areas to the left of the wall's opening are in direct sunlight all day while those on the right experience afternoon shade. The difference is soil moisture retention is dramatic.

 

Southern Maine - Autumn 2020 Foliage Status

October 18, 2020

October 11, 2020

October 4, 2020

September 27, 2020

 

AuburnNY Accordian U.S. Gold Arrives!

Rather than spending time in the basement sound room on Saturday evening, I recognized that the AuburnNY Accordian Collection consignor had been patiently waiting for his consignment to be processed. There was a sense of urgency as the consignment is mostly U.S. gold with $10 eagles being the dominant denomination. Each $10 eagle contains 0.4835 ounces of gold and is therefore sensitive to gyrations in spot gold prices.

Following is a wonderful new offering of U.S. gold that will surely garner many First Rights of Refusals. Already, while composing the Blog, two FRoRs quickly appeared on this fresh lot. According to the consignor, this lot has been stored for years in a bank bank as raw U.S. gold. The consignor recently went through the PCGS grading process followed by CAC review.

The lot's complete contents should be posted within a few hours and the "Under Construction" subtitle will be removed when finished. Afterwards, pricing analysis will take place followed by a pricing approval session with the consignor. This lot should post to the GFRC price list on Monday and Tuesday.

 

AuburnNY Accordian Collection - U.S. Gold Offerings

1889-S/S RPM & DDR FS-501 PCGS AU58 G$10

1871-S PCGS VF30 CAC G$10                                                  1880-S PCGS MS61 CAC G$10

    

  1883-S PCGS AU58 CAC G$10                                                   1884 PCGS AU55 CAC G$10

    

 1868  PCGS AU58 G$2.5                             1872-S PCGS F15 G$10                                 1882 PCGS MS63 G$10

            

 1882-O  PCGS VF30 G$10                             1882-S PCGS AU58 G$10                             1884-S PCGS MS62 G$10

            

 1888-O  PCGS AU55 CAC G$10                         1891 PCGS MS61 G$10                              1895-O PCGS AU55 G$10      

            

 

Wrapping Up The Blog

Another busy day awaits me and best to wrap-up the Blog at this point.

I will be in the office for most of the day other than taking a health walk down to the Ledge Hill Trails to the natural spring. The spring will be full of downed leaves that should be removed. After several long days of rain, it is be interesting to see if the water table as risen high enough to allow the spring to start following again.

Thanks for checking in at the Blog. Your purchase orders and consignment proposals are most welcomed. After the Iowa Collection II Sale wraps up, I will be on the hunt again for fresh consignments.

Be safe and well!

 

 

 

October 17, 2020

GFRC's Test Run E-Bid Auction Sale Is Ready to Go!

 

Greetings and welcome to the Daily Blog on a Saturday morning.

Cold and wet are the best descriptors for current southern Maine weather. Steady rain is falling with the outdoor temperate at 46F. Inside the Fortin homestead, all remains warm without a need to start the wood stove. That warmth will diminish as the day moves along without solar heating. I suspect that the wood stove will see action during the late afternoon.

The seven day weather forecast appears ideal for the second half of October. Sunny conditions will return with daytime highs reaching the low 60s and evening lows in the low to mid 40s. One could not ask for finer weather just in time for Diane's return to Maine. I'm sure she has become acclimated to the warmth of Austin and will find Maine conditions to be too cold.

Over in Fuzhou China, Matt and the Yamatin family have completed their eighth day of a mandatory two week quarantine. The location is a Double Tree hotel. Matt indicates that the living conditions are acceptable but is looking forward to flying to their home in Beijing.

 

GFRC's E-Bid Auction Sale Service Is Ready to Go!

Well almost.....

Friday brought one of those long work days in the GFRC office. Blog composition began at 5:30 AM followed the usual packing and shipping. Afterwards, the Test Run Sale lot descriptions were written. The Mt. View Collection consignor offered a few of his aged Liberty Seated quarters for the auction. By early afternoon, descriptions were completed for a Test Run Sale that includes eighteen lots with reserves starting at $1 and $99.

Next on the agenda was building GFRC auction page that will be become the hub for the new auction services platform. The initial draft is posted this morning and will be enhanced during the coming days; much more information must be posted. Brisk price list sales continued during the afternoon and early evening hours. By 9:30 PM, I was thoroughly worn out and headed to bed. My mind did not have sufficient time to relax leading to dreams of manning a table at a coin show. Is there no rest for a weary coin dealer?

 

GFRC's Test Run E-Bid Auction Sale Starts Sunday at 9:00 PM

I've purposely named the first GFRC E-Bid Auction sale as the Test Run for a reason. All parties to the new applications are newbies with a steep learning curve. There is the potential for mistakes by your administrators and bidders. The first auction is a learning exercise for those who plan to be serious bidders in the upcoming Iowa Collection II Sale.

Please consider placing bids in the Test Run Sale to learn how the application operates. It is not possible for me to write a complete user's guide as we will experience the first use of the application together. I'm not worried about my Seated dime web-book plate coins selling cheap. This is the start-up cost for launching a substantial new GFRC service. I'm grateful to consignors who added a few lots to the sale and sincerely hope their offerings receive spirited bidding.

Here is the Test Run Sale banner that will take you to the online E-Bid Auction Catalog. I hope you will take the time to open the catalog and explore the individual lots.

The sale starts at Sunday 9:00 PM and will close on Friday October 23 at 9:00 PM. All GFRC E-Bid Auctions will have start and stop times at 9:00 PM ET as part of the fixed coding within the application.

 

GFRC Website Changes for E-Bid Auction Sales

Please allow me to walk you through the GFRC website changes that have taken place for the new E-Bid Auction service.

First is the placement of an "Auctions" link on the main top gray banner. Here is a graphic to aid in locating that link. The "Auctions" link is found inside a highlighted red box on the top link bar.

 

 

Clicking on the "Auctions" link brings you to the new GFRC E-Bid Auction main page. Below is another screen capture for your insight.

The main auction page will contain links to upcoming auctions, access to the GFRC E-Bid Auction Terms & Conditions, and primary usage instructions. This main page will be dynamic for the next few weeks as content is developed based on the learnings from the initial Test Run Sale.

 

 

The Test Run Sale E-Catalog can be accessed by clicking on this image within the main auction page or for Blog reading convenience, the below image.

 

 

The E-Catalog page is illustrated below with this screen capture. I hope that you will take the time to click down to the E-Catalog and explore the upcoming lots.

 

 

Within Sunday's Blog edition, I will discuss the bidding process. Bidding will be closer to the that of eBay rather than a large faciliated online event conducted by a major auction house. The application will auto bid for participants' max bids consistent with the bidding increments in the Terms & Conditions. However, bidders are not required to structure their bids directly against the bidding increments. Again, we will discuss this topic further on Sunday.

 

Posting Incremental Lots to GFRC Price List

Today brings renewed attention to the regular GFRC price list and the posting of a small Capped Bust half dime lot that was featured in Friday's Blog. Prices have been approved by the consignor and description writing should not take too long.

Afterwards, my attention shifts to the latest AuburnNY Accordian consignment and getting the image processing done by end of day Sunday.

 

Wrapping Up The Blog

Unquestionably, I will be in the GFRC office the entire day other than taking Buddy the Dog out for his toilet breaks.

Sales orders continue to arrive at a brisk pace and I could not be more pleased with how the month of October is shaping up in terms of sales revenue. Consignors should be pleased with the amount of inventory turnover that is taking place. The GFRC website's Alexa.com rankings even improved a tad during the past 24 hours as more collectors are finding me on Collectors Corner and becoming hook on the host of online services. The new E-Bid Auction service will continue to enable that readership trend.

Thanks for checking in at the Blog! Regardless of the rain, I must take Buddy out for the first bathroom break of the day. Thank goodness for umbrellas!

Be safe and well.

 

 

 

October 16, 2020

Dealing with Central Maine Power Utility Company

and

Presenting Better Capped Bust Half Dime Varieties

 

Greetings on a Friday and welcome to the ongoing ramblings of your blogger's life.

More rain arrives today and throughout Saturday. I could not be more pleased as the newly planted backyard lawn is turning green. With enough rain, the water table will increase allowing my natural spring to start flowing again. GFRC photography is far from an issue as I have a huge stockpile of images to take me into the end of October.

How I would love to say something about the state of American politics and corruption at all levels but I won't go there. This presidential election cycle has been incredibly revealing concerning the power of dark money. We are experiencing a modern day Jacksonian period of American history.

 

Dealing with Central Maine Power Utility Company

Persistence has been an operating principle throughout my life. The philosophy to stay focused on an end goal and working through issues has served me well during a professional career and in numismatics.

Thursday brought another phone call to Central Maine Power customer service. It was the fifth call and two in the past seven days. The issue is straightforward. A broken power pole continues to lie on the edge of the Raymond homestead property. With autumn arriving and roadside trees baring their leaves, the broken pole in once again conspicuous.

After being routed inside the CMP phone system, my call arrived to Tim. Tim works in a department that handles construction and power installation requests. This was the first time that I landed outside of the generic customer service call center and into the bowels of the CMP company. Tim immediately understood the issue and proceeded to share my various calls and action taken to date. He verified that CMP came to the property in late May to check the broken pole and found attached wires. This was disqualifying with CMP walking away from the removal but never telling me. After a mid July call, CMP returned and found the attached wires removed (I did the removal myself) and ok'ed the pole's removal. At that point, the internal CMP ball was dropped. No one issued a work order to the subcontractor to move forward with pole removal. Last week's call to the customer call center falled to produce this finding as the agent did not know how to read my accumulating records. Her promise to escalate to the call service center supervisor was just an appeasement exercise and did not move the ball forward. Luckily, Tim thoroughly understand the process and the internal communications in the growing Fortin file. He promptly noted the lack of a work order being issued after the late July inspection. Tim checked the homestead address and realized that the service would need to come from the subcontractor's Lewiston office and not Portland. Tim even gave me a notification number to use during my next call. Wow, I have my own "notification" or case number after the fifth phone call.

I feel good this morning that progress has been made after five calls. Luck was on my side to have been routed to Tim, the first time I spoke with a person who was actually knowledgeable on the issue. Persistence does pay off along with the occasional luck that will arise during the many pleas for help.

 

Twin Lakes Collection Part 1 on Price List

Thursday brought the price list posting of the balance of Twin Lakes Collection Part 1. During that posting, the 1929-S Standing Liberty quarter graded PCGS AU58FH CAC was initially posted and subsequently removed after the consignor noted that the pricing was incorrect. Twin Lakes has complete confidence in my ability to accurately assess and price his coins. However, in this case, I missed the Full Head designation and priced the coin too low for its fair market value. Once that correct number is determined this morning, the 1929-S quarter will be reloaded to the price list.

 

GFRC Sells Palos Verdes 1872-CC NGC VF35 Seated Quarter

Thursday also brought an important sale. I'm pleased to report that the Palos Verdes 1872-CC NGC VF35 Liberty Seated quarter sold to a western client. This individual has been assembling an important Seated quarter collection for years and took a huge step towards wrapping up the set. Congratualtions are in order to the client.

1872-CC NGC VF35 25C

 

 

GFRC Acquires Wonderful 1857-S PCGS AU55 CAC G$2.5

By noon time yesterday, GFRC had done a purchase deal with the Port Matilda consignor. Two CAC approved early date $2.5 quarter eagles were purchased and will be shipped to the Raymond office today. Those dates are an 1849-C PCGS F15 CAC and an 1857-S PCGS AU55 CAC. Since having the 1857-S images on file, I promptly returned this rare date to the price list at an attractive offer price. GFRC customers should move quickly as once this piece is uploaded to Collectors Corner, it will not last long.

Choice 1857-S PCGS AU55 CAC G$2.5

 

Presenting Better Capped Bust Half Dime Die Varieties

I'm committed towards having a coin gallery in every Blog edition. There are times where this is not possible, but on average, most Daily Blog editions have featured coins.

To dress up today's edition, I worked after dinner on a small Capped Bust half dime consignment from a new client. I took on this lower priced consignment due to the contents being better die varieties that should find new homes within the GFRC community. The consignor has already conducted the attributions which saved me time.

Following are six quality Capped Bust half dimes that will reach the price list today. Afterwards, it is a full court press on the forthcoming E-Bid Auction application.

 

Better Capped Bust Half Dime Die Varieties

 1830 LM-12 R4 PCGS AU53 H10C               1831 LM-2 R3 PCGS AU55 H10C                 1832 LM-8.4 R3 ANACS AU55 H10C

            

 1832 LM-14 R4 PCGS F12 H10C                      1834 LM-4 PCGS AU50 H10C                      1835 LM-11 R4 PCGS VF30 H10C

            

 

Global Financial News

After several days of downward trading, equity markets appear to be neutral or with a slight upward bias. Following are morning market futures courtesy of Seeking Alpha.

In Asia, Japan -0.4%. Hong Kong +0.9%. China +0.1%. India +0.6%.

In Europe, at midday, London +0.6%. Paris +0.9%. Frankfurt +0.3%.

Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq +0.1%.

The precious yellow metal continue to trade in a tight range with the current quote at $1913.oz. Crude oil pricing has also recovered some mojo at $40.79/bbl. The 10 Year U.S. Treasury bond yield inched up to 0.72%.

Science fiction has become reality as humanless self-driving cars will be prowling the streets of San Francisco and Phoenix.

Self-driving cars out in the wild. General Motors' Cruise autonomous vehicle unit is pulling the human backup drivers from its vehicles in San Francisco after landing a permit from the California Department of Motor Vehicles. "We're not the first company to receive this permit, but we're going to be the first to put it to use on the streets of a major U.S. city," said Cruise CEO Dan Ammann. The move follows last week’s announcement from Google's Waymo that it would open its self-driving ride-hailing service to the public in the Phoenix area in vehicles without human drivers.

 

Wrapping Up The Blog

Today's Blog is being published early as there is much to do. Buddy the Dog needs to go outdoors before the rain arrives. The wood stove is full of ash and must be cleaned before being restarted during the overnight hours. Afterwards, morning shipping must be accomplished followed by the balance of the day spent on the new E-Bid Auction platform.

Given the rainy conditions, I will be in the office the entire day and would enjoy your phone orders or email purchase requests. My role in this ongoing opera is to sell consignor coins!

Thanks for checking the Blog on a daily basis. Be safe and well!

 

 

 

 

October 15, 2020

GFRC Presents the E-Bid Auction Test Run Sale Gallery

Auction Starts Sunday 9:00 PM ET

 

Greetings on a Thursday morning and welcome to another Blog edition.

Before we move forward and discuss the first automated GFRC E-Bid Auction, I'd like to digress for a moment and share two online statistics that I'm incredibly proud of. These statistics are monitored daily and act as a guide for the GFRC online presence. These statistics guide my ongoing efforts to provide quality coins, to discuss numismatic issues in a frank manner, and finally, to entertain and have some fun.

In the past, I've made mention of the internet website ranking company at www.alexa.com. Alexa has software that monitors all global websites and continually ranks their status based on a basket of key metrics. Basic metrics include parameters such as the amount of time on a website, daily engagements, and bounce rate (viewing one page and immediately leaving).

If curious, please click on this Alexa.com link, scroll down to "Browse Top Sites" and type in "seateddimevarieties.com". This morning's ranking stands at #106,054 on an international basis and an amazing #20,886 within the United States. As a comparison, Google.com is ranked #1 in the world and in the United States. Afterwards, type in the URLs of your other favorite numismatic websites for a comparison. What will be discovered is that GFRC and its ongoing website development efforts (and the Daily Blog) have produced a top rated online destinations in the numismatic industry.

I could not be more proud of this accomplishment due to the substantial amount of grassroots efforts and daily discipline towards generating a platform that collectors enjoy visiting.

 

GFRC's E-Bid Auction Test Run Sale Starts Sunday at 9:00 PM ET

Wednesday brought focus on launching the new GFRC E-Bid Auction application as developed by Matt Yamatin. There is much online content generation necessary to bring about a notable presence in the numismatic auction market. If GFRC enters a new market segment, the effort will be professionally done, plain and simple. Special with GFRC is that clients and customers can watch the development and debug process live via the Daily Blog. The Blog readership has the opportunity to participate in the debugging of the new application and providing their feedback.

I've pushed back the start date for the initial automated E-Bid Auction to Sunday. Yesterday brought the realization of the amount of work to rewrite the GFRC Terms & Conditions, plus writing individual lot descriptions, and building a new GFRC E-Bid Auction landing page that will contain information for the current auction and a preview of forthcoming auctions. As today is already Thursday, this leaves about 72 hours to bring the E-Bid Auction application to prime time status.

For those who enjoy watching the construction of the first E-Bid Auction, the auction table is presently available at this link; Initial GFRC E-Bid Auction Offerings. By Saturday morning, full descriptions and quality ratings will be finalized.

Let's remember that the initial GFRC E-Bid Auction is a test run and designed to shakes out the bugs in the new application and its administration. I'm certain that there will be a few issues as GFRC customers learn how to use the applications while I absorb the administration process. Let's have fun and not take the initial auction too seriously. Your participation and feedback is solicited.

Please understand that the GFRC E-Bid Auction platform was designed for simplicity. It was not designed to be a competitor to the real time bidding platforms utilized by the major auction houses. There is no pre-registration necessary; just show up and bid! Matt's software will manage the bidding process and provide immediate feedback on your bid status via email. Bidders must enter correct information into the bidding screen to secure bidding status. For example, if an incorrect email address in entered, the automated GFRC bidding status email will be routed to an incorrect address.

If a GFRC consignor wishes to add a lot into the first E-Bid Auction, please contact me by end of day Friday. Adding lots from existing inventory to the auction is straigthforward! Reserves will be either $1 or $99 as this is a fun auction intended to collectively debug and learn the application.

 

GFRC Presents the E-Bid Auction Test Run Gallery

Up next is a gallery display of offered lots for the initial E-Bid Auction "test run". Most of these lots are low priced items that will be offered at a $1 starting price. Two GFRC consignors have volunteered a few of their coins (from current price list) to dress-up the auction. Those lots will start at a $99 reserve price, still a fraction of fair retail value.

Please have a close look at the gallery, as a fair number of the Liberty Seated dimes are web-book plate coins. Many are in old ANACS holders along with the 1874 dime being in an ancient SEGS holder. When conducting die variety research, one had to purchase coins for the cause. Some coins were in off-brand holders or may not be the most original pieces. However, they represented a new die pairing and were necessary for the research effort. The time has come to let these dimes return to the marketplace. A starting price of $1 at auction seems to be fair. You can rest assured that each lot will be accurately described.

 

GFRC Presents the E-Bid Auction Test Run Sale Gallery

1853 Arrows Unlisted ANACS MS62 10C

      1883 NC  PCGS MS63 5C                      1850 ANACS MS61 OWH 10C                      1856 LD F-101 PCGS AU53 10C

            

              1869 F-106a PCGS AU Detail 10C                   1874 F-105 SEGS AU58 10C              1875-S BW F-104 ANACS MS61 OWH 10C     

            

 1877-S F-114 ANACS AU55 OWH 10C             1886 F-106 RPD PCGS MS62 10C                   1890 F-111 NGC MS62 10C        

            

 1902-O PCGS AU50 25C                               1903-O PCGS AU53 10C                               1878-CC Raw VF30 $1  

            

 1883-S PL Raw AU50 $1                                1884-S Raw EF45 $1

       

 

GFRC's 85% CAC Buyback Program Gaining Traction

I'm pleased to report that GFRC's blanket 85% CAC Buyback program (regular price list sales) is gaining traction. Clients are begining to realize that the 85% Buyback program is a quick and easy approach for securing near term cash when other important numismatic opportunities arise.

With 85% CAC Buyback, I will generate the USPS shipping label and email the PDF file to you for returning the coins. The shipping cost will be deducted from the payment. Once a return shipment arrives to the GFRC office, a purchase check will be immediately issued. For clients in a hurry, GFRC can send payment via Paypal Friends & Family as I carry a substantial balance in that account.

At GFRC, our goal is to treat quality numismatic items as liquid financial assets. Getting into and out of quality coins should be straightforward and expedient.

This morning brought another buyback proposal which I will work through once the Blog is published.

 

Global Financial News

Pessimistic is the operative word for this morning's market futures as all global equity markets are flashing red to the tune of 1 to 2% drops in value. The resurgence of Covid-19 infection rates in Europe and many U.S. states is weighing on investor sentiment. Secondly, hopes for another U.S. economic stimulus package have ceased as the two political parties are unable to reach agreement before the election. Immediately after morning market futures (courtesy of Seeking Alpha), I will add several pertinent Seeking Alpha headlines to allow readers to stay abreast of global developments.

In Asia, Japan -0.5%. Hong Kong -2.1%. China -0.3%. India -2.6%.

In Europe, at midday, London -2.2%. Paris -2.1%. Frankfurt -2.9%.

Futures at 6:20, Dow -0.9%. S&P -1%. Nasdaq -1.6%.

Second wave fears. Concerns over economic fallout from resurging coronavirus infections, as well as dwindling hopes for U.S. fiscal stimulus, weighed on stocks around the globe overnight (see market data below). A record 22 U.S. states recorded more than 1,000 new daily COVID-19 cases, while Treasury Secretary Steven Mnuchin said he did not expect to reach a deal on a coronavirus relief package before the presidential election. On the data front, the latest weekly jobless claims numbers will be released this morning, with another 825,000 Americans are expected to have filed for first-time unemployment insurance.

Over in Europe. Germany posted its highest ever increase in confirmed COVID-19 cases over the past 24 hours and started reimposing restrictions on some of the biggest coronavirus hotspots such as Berlin. The French government meanwhile declared a public health state of emergency and announced a curfew for Paris and eight other big cities from Saturday. Italy has also surpassed its daily record for newly diagnosed coronavirus cases, while a debate is taking place in England over whether a country-wide "circuit breaker" lockdown is needed.

So far, the negative sentiment has not impacted gold or crude oil prices. Gold is maintaining its tight trading range at $1898/oz while crude oil is holding at $40.10/bbl. The 10 Year U.S Treasury yield has slipped a fraction to 0.70%.

 

Wrapping Up The Blog

The 8:00 AM Blog publishing time is rapidly approaching along with Buddy waiting for his morning outdoor relief. It is best to get on with another GFRC day.

Yes, I will be in the office the entire day as have a host of things on my numismatic plate. The balance of Twin Lakes Collection Part 1 must be added to the price list. E-Bid Auction Terms & Conditions must be adjusted for the automated platform. The new GFRC E-Bid Auction link and landing page must be constructed. Another 85% CAC Buyback deal and then some is awaiting my attention.

Thanks for checking in at the Blog and wishing everyone a great day. Please be safe and well.

 

 

 

October 14, 2020

An Out of Ideas Blog Edition

and

85% CAC Buyback Capped Bust Halves

 

Greetings once again and welcome to another edition of the Daily Blog.

Today's Blog headline says it all.

Operating a fast paced GFRC business on a solo basis brings limitations. Time and energy are expended across a host of activities that are normally handled by Diane. For example, yesterday brought a trip into Windham for check depositing, USPS Express shipments, and food shopping. This took place after packaging nine orders and writing a few consignment checks. By 2:00 PM, I'm back home. Buddy the Dog must be taken outside in the rain and the wood stove must be refueled. The dishwasher is unloaded after operating while I'm out in Windham. Finally, I sit down in the office to write Twin Lakes Collection descriptions. Of course, the phone starts ringing with purchase proposals including an opportunity to purchase a high grade 1807 Bearded Goddess (which I passed upon after seeing the images). An 85% CAC Buyback deal appears via email. Morning purchase orders are responded to and the coins pulled from inventory.

By 4:00 PM, the Twin Lakes Collection descriptions start appearing. Unlike other dealers, I can't write a four or five word description for a $100-$150 coin. Every coin receives a careful assessment and review. Think about it. Why should the collector of $150 coins receive less of a description than those who purchase $1000 coins? Every collector is a precious GFRC client and is treated in the same manner.

About half of the Twin Lakes Collection coins reached the price list before it was time to have dinner and feed Buddy. After dinner, my attention shifts to recording the incoming checks of the day. There was no energy to start processing images after 7:30 PM. Instead, I relaxed and started researching a larger sized John Deere or Kubota tractor for the property during 2021 before heading to bed. The current D140 Deere has limitations for maintenace of the Ledge Hill Trails.

Today will be a repeat of yesterday as I must pack and ship the amazing 1891 proof set that goes out via Express shipment along with a host of other orders. I'm hoping to get those E-Bid Auction lot images done by late afternoon to hold this weekend's auction schedule.

 

Friends of GFRC Feedback on Sunday's Q&A Posting

Much positive feedback arrived concerning the TPG commentary in last Sunday's Blog. Since being out of ideas for today's edition, I will let friends share their thoughts. First is feedback from one of GFRC top consignors who has also become a close friend. The honesty is apparent and well grounded after a long collecting career.

Great blog this morning sensei.

Those inexperienced collectors purchase our mistakes. It's unfortunate but its where most of us start. Some learn quickly, some take a lifetime but we all learn eventually. I wonder how many collectors decide to collect buttons instead of coins after realizing they were fleeced. Thankfully, there is always a market for TPG coins regardless of how bad the mistake is. I would think most of us start collecting raw coins for our Dansco books until we try and send some of our coins in for grading and learn the hard way as I did. 

Besides making a living, you're doing a great service for the hobby. Educating the rest of us will bring more longevity to this crazy hobby that we all enjoy. 

Thanks for educating me, entertaining me every morning, and helping build a collection that in the end, at death, or when I need the money, will be worth something. 

 

My partner in a numismatic journey, Dan White, sent along this commentary. The recently bought and sold 1795 Flowing Hair dollar was Dan's coin.

Good morning,

Loved the blog today. One of your best!

The TPG explanation is right on and extremely well written. Your new client will certainly understand.

The story on the tools was really lighthearted and entertaining. Good story for Halloween. Will the missing tools show up one by one?

When I saw the 1795 photo I really can't understand why it didn't CAC. It is a wonderful coin. Maybe it was judged to be a VF25 not VF30. I am very sorry it has sold so quickly.

 

A passionate New England collector of Liberty Seated dollars and astute online researcher offered the following thoughts.

I enjoyed your Sunday Blog discussing PCGS & NGC grading.  I agree with you 100%.  

I’ve seen way too many coins over graded or that should be details graded in slabs of both companies.  The time frame of 2014 and 2015 seems to match with when I first started noticing a lot of over graded coins or just plain ugly or cleaned coins in their slabs.   I know there are many factors in grading but, sometimes the grades made no sense at all.  I posted a few pictures of some of those coins online and for the most part people agreed there was something wrong with either grade assigned or the coin should have been details graded.  Some claimed you can’t truly judge a coin by the photograph being posted but, I disagree with that notion.  Although photographs might not show the true color or look of a coin, they can surely tell you if the coin has a problem or is over graded.  The only time that’s difficult is if the photographs are out of focus or very dark.  My first thought when seeing an out of focus photograph or one that’s very dark is what is the seller trying to hide something. 

One point I tried to make was that when a questionable coin is giving a high grade or has a problem and is straight graded, it drags the value down on the coins that were properly graded.   As you called them the “DREGS”.   And as you said these dregs tend to show up on EBAY but, I’ve seen them on other sites as well.    I’ve also seen where these dregs float around the market for a long time whereas a properly graded nice coin will sell quickly and it will be off the market for a long time.   

I know when looking at coins on your site, you do your best to try to portray the coins being sold as best as possible.  And if there is something that is affecting the image you generally make note of it in your description of the coin.

I missed you at the Manchester show a few weeks ago but, you were very busy when I came by and I ran out of time.   From what you put in your blog on the show it appears you did fairly well.  

 

85% CAC Buyback Capped Bust Halves

As mentioned earlier, Tuesday brought an 85% CAC Buyback opportunity for two wonderful Capped Bust halves. The buyback deal fueled the purchase of a recently listed gem 1876 PCGS MS64 CAC Liberty Seated quarter.

The following two Capped Bust halves are immediately available and priced at the prior selling level. You can check for yourself at the GFRC Sales Archive. Both pieces are being released by a collector who has amassed a substantial number of Capped Bust halves with exceptional eye appeal. He wishes to explore new avenues within his hobby.

 

85% CAC Buyback - Capped Bust Half Dollar Opportunity

1811 Large 8 O-103a PCGS VF35 CAC 50C                                              1823 O-103 PCGS AU55 CAC 50C    

    

 

Global Financial News

The recent global equity market rally has hit the pause button. Something is bothering investors that also includes a drop in the 10 Year U.S. Treasury bond yield that is worth noting. Is in the fact that Covid-19 Phase 3 trials and therapeutics are running into a few speed bumps? Morning market futures, courtesy of Seeking Alpha are slightly down in Europe and the United States.

In Asia, Japan +0.1%. Hong Kong +0.1%. China -0.6%. India +0.4%.

In Europe, at midday, London -0.2%. Paris -0.3%. Frankfurt -0.3%.

Futures at 6:20, Dow -0.1%. S&P -0.2%. Nasdaq -0.1%. Crude -0.8% to $39.87. Gold +0.4% at $1901.90. 

Spot gold pricing continues to be range bound with a morning quote of $1901/oz. Crude oil has pulled back to $39.87/bbl.

Most interesting, is the 10 Year U.S. Treasury yield drop to 0.71% after being stable at the 0.76% level.

 

Wrapping Up The Blog

The heavy rains are gone and a bright sunny day greets your blogger. The wood stove will be idled given the weather forecast for the next few days.

The time arrives to take Buddy outdoors for his morning routine followed by a shower and the usual packing and shipping department tasks. Not much changes from day to day.

Thank-you for checking in at the Blog on a daily basis. Be safe and well.

 

 

 

October 13, 2020

New Twin Lakes Collection Consignment - Part 1 Offerings

and

GFRC E-Bid Auction Arrives This Weekend

 

Greetings and welcome to the Daily Blog on a Tuesday morning.

The homestead and related functions continue to operate smoothly while Diane is in Austin. She called in on Monday to report that Texas weather is "cooling" down a bit with daytime highs at 90+ and overnight lows in the 60s. Unfortunately, one of the technicians in Renee's veterinarian practice has tested positive for Covid-19 and is injecting some drama into what was a quiet visit.

Back in Maine, Gerry and the Buddy the Dog go about their daily lives. The woodstove saw its first usage on Monday evening in anticipation of today's day long rains along with cold temperatures. Working in shorts and a t-shirt is fine by me as no one is visiting the GFRC office.

Monday also brought the end to the six yards of 3/4" stone as piled in the driveway. The balance of the stone, after completing the landscaped area behind the retaining wall, was transported to the main trail in the back acreage. No, I did not find additional Dave Wilkinson tools or a fox watching my movements. Shoveling and spreading six yards of stone in two days was excellent exercise. Tuesday mid-afternoon and evening were spent preparing the Twin Lakes Part 1 gallery that is upcoming in this edition.

 

Seth Godin Blog: Figure and ground

Being a slow day in terms of Blog content, a visit with Seth Godin appeared appropriate. After examining and contemplating a week of Seth'sblogposts, I found the following piece to be beneficial and wise personal advice.

During the living of busy lives, we formulate assumptions and conclusion concerning our interactions and communcations with others. I'm always communicating with a host of individuals during my day to day GFRC operations and will make assumptions about motives when receiving low ball offers or long emails seeking free consulting and advice. My time management stress leads to assumptions. Those assumptions tend to formulate quick decisions on intentions and the resulting handing of a response. There are times when my initial assumption has been incorrect.

This Godin piece is a reminder to not lock in those assumption so quickly and allow more time "to be confused". Time is required to let certain situations and correspondence play themselves out rather than being prematurely terminated for the sake of expediency.

Figure and ground

When does it snap into focus?

Because we don’t like to be wrong.

And more than that, we don’t like to be confused.

So when we encounter something new, we pause for a second until we think we get it. Then we lock it in, and it’s ours.

But what if we’re wrong?

What if our understanding of what we encountered wasn’t useful, accurate or true?

Suddenly, there’s a conflict. A conflict between being wrong and being confused. Because the only way to stop being wrong is to be momentarily confused. To jump from one state to another.

The magic is in waiting a few beats before you lock it in. Getting comfortable with ‘confused’ is a stepping stone on the path to becoming wise.

 

New Twin Lakes Collection Consignment

I'm thoroughly proud of the win-win relationship with the Twin Lakes consignor. Over a period of years, GFRC has been facilitating the restructuring of this individuals substantial collection. AU58 CAC approved early type is the focus of this numismatist. After earlier years of accumulation, many duplicates and unwanted coins needed to return to the market for the recovery of numismatic capital. On a regular basis, this consignor will send along a shipment for building up GFRC Trading Desk credits. Those credits are easily spent on subsequent upgrades. A quick check of the Twin Lakes consignor's account shows that nearly 100% of consignment sales are re-invested into new GFRC purchases.

Following is the latest Twin Lake Collection offerings. Part 2 will arrive later this week and includes half cents through 3 cent pieces.

Already, several FRoRs arrived during the overnight hours and will be responded to today. If all goes to plan, I may start loading some of the Part 1 offerings to the price list later this evening and wrapping up on Wednesday.

A sincere thanks goes out to the Twin Lakes Collection for another quality consignment that has a bit of something for everyone.

 

New Twin Lakes Collection Consignment - Part 1 Gallery

1904-S PCGS AU58 50C

  1915-S PCGS AU58 5C                                                          1854 PCGS AU58 CAC 50C

    

 1868  PCGS AU58 5C                                  1890 PCGS AU58 5C                                  1895 PCGS AU58 5C

            

 1891 PCGS AU58 10C                               1908-O PCGS AU58 10C                               1912 PCGS AU58 10C

            

 1913 PCGS AU58 CAC 10C                           1913-S PCGS AU58 10C                           1843 Br 2-C NGC MS62 25C

            

      1854-O  PCGS AU55 25C                             1928 PCGS AU58FH 25C                        1929-S PCGS AU58FH CAC 25C

            

 1934-D Heavy Motto PCGS AU58 25C                      1850 PCGS AU58 G$1               

       

 

GFRC Automated E-Bid Auction Arrives This Weekend

This afternoon brings attention to GFRC's initial E-Bid Auction offerings with Matt Yamatin's new automated application. I hope to have a gallery of the forthcoming auction lots ready for Wednesday's edition. My tentative timeframe for this initial auction is an October 16 start and October 20 ending date. Auctions will start and close at 9:00 PM EST on the targeted days.

Already, the RCA Collection consignor has committed to Barber quarter lots to this kick-off auction. If you are a GFRC consignor and wish to participate, please get back with me today. Please remember that this will be a no reserve auction with dual goals of having fun while testing Matt's new auction application before the substantial Iowa Collection II auction arrives at the end of October.

 

Global Financial News

Amazong Prime Day is underway along with Apple announcing new iPhone models. The big tech industry continues to sail forwards with the Nasdaq up 2.6% to 11,876 on Monday. Morning market futures indicate a quiet market open except for the Nasdaq. Following are market futures courtesy of Seeking Alpha.

In Asia, Japan 0.2%. Hong Kong -0.2%. China flat. India 0.1%.

In Europe, at midday, London -0.4%. Paris -0.3%. Frankfurt -0.3%.

Futures at 6:20, Dow -0.5%. S&P -0.1%. Nasdaq 1%.

Gold continues to be in a consolidation phase and it a tight trading range. The day's opening quote is $1227/oz. Crude oil pricing is slightly up at $40.21/bbl while the 10 Year U.S Treasury bond yield is 0.76%.

 

Wrapping Up The Blog

Today brings another GFRC office day. Morning time will be dedicated to accumulaed shipping while the afternoon brings image processing efforts as preparation for the upcoming E-Bid Auction.

I'm off to the shower and will be back in the office shortly for a another active day of numismatic sales.

Thanks for checking in at the Blog. Be safe and well!

 

 

 

October 12, 2020

Homestead Landscaping Progress and a Fox Sighting

and

Maine Autumn Foliage Transition Report

 

Greetings on a Monday morning and welcome to another Blog edition. Today brings the Columbus Day holiday with the post office being closed. GFRC outgoing shipments will be delayed until Tuesday.

The day starts early with breakfast and coffee at 4:45 AM after a good night's sleep. Temperature is a cold 33F. Much of Sunday was spent working outdoors followed by the later afternoon and early evening focused on loading new offerings to the price list.

Yes, Dave Wilkinson's 1 1/16" wrench was still resting on the wood pallet when entering Ledge Hill trails on Sunday morning. I sat on the John Deere and just stared at the access path to the burn pile still trying to find an explanation. None came to mind with the tasks at hand continuing.

The primary landscaping project of the day was cleaning up an area behind the driveway retaining wall. The contractor that built the wall did a great job as the stones have not moved during the past two winters. However, a filled area that interfaced with an existing lawn was not properly done. The contractor used gravel as fill and seeded grass on top of the gravel afterwards. The rye grass initially sprouted and died-off the following spring. This area has been an eye sore and is too steep to mow with the John Deere.

My better half made a suggestion that I use the new pile of 3/4" stone to clean up this area. When a better half makes a suggestion, wise men listen. Actually, the project was straightforward to execute on a comfortable autumn day. Since Dave had dumped the new 3/4" stone load adjacent to the stone wall, it was straightforward to shovel directly from the pile as coverage for the improved area. Following are before and after images. As usual, clicking on the image will produce a higher resolution version.

Barren Mound Behind Stone Retaining Wall

In Process 3/4" Crushed Stone Covering

 

During this project, I dug out five cartloads of gravel and weeds before backfilling with crushed stone. Each cartload was transported in the back trails and employed for patching up rough area. The trails are replete with buried rocks and must be filled in to allow smooth passage with the John Deere. Sorry, no additional Dave Wilkinson tools appeared, which is a good thing. However, a large fox was sighted during one of the exit trips. The fox was hanging out near the settler's stone wall and grooming itself. My presence peaked the fox's interest but did not bring an exit.

Below is a spontaneous cellphone image from the tractor. I've marked the location of the fox. Also note the deep blue skies as a backdrop to the remaining autumn colors and neighbors Rick and Sharon's home in the background. Clicking on the below image to access a high resolution version is worth the effort. Could the fox be the culprit that is moving Dave's tools around?

 

Maine Autumn Foliage Transition Report

Sunday brought a perfect autumn day with a high temperature of 54F under bright blue skies. Winds were negligible leading to ideal property working conditions. Around 2:00 PM, I remembered that a coastal horizon picture was necessary to continue documenting the autumn foliage color transition.

A reminder that peak color is just a few day away at this point. All trees other than the mighty oaks have acquired their full coloring. If that windstorm had not come through the region two weeks ago, the below image would be absolutely stunning.

On a most positive note is the green coloring of the seeded areas in front of the settler's stone wall. Finally, enough moisture has appeared along with cold nights to bring about the initial stages of a new lawn. My tractor tracks into and out of the back acreage is readily visible.

 

Southern Maine - Autumn 2020 Foliage Status

October 11, 2020

October 4, 2020

September 27, 2020

September 20, 2020

 

 

Forthcoming GFRC Offerings?

The recent bright sunny weather has facilitated much consignment photography. I have tons of unprocessed images on the laptop that need attention before the next wave of new offerings. The image processing queue contains the following consignments. This afternoon brings a full court press towards preparing client galleries for upcoming Blog editions.

Twin Lakes - Two PCGS black boxes of AU58 coins across multiple denominations

AuburnNY Accordian - A full PCGS box with Liberty Seated dimes and U.S. $10 gold

Indiana Collection - More Liberty Seated dime offerings

GFRC Trial E-Bid Auction Lot - Lower priced Gerry Fortin Liberty Seated dimes that will be offered at no reserve.

Iowa Collection II - Please see the itemized listing at the upper right corner of the Daily Blog

Unnamed Consignment - A small lot of better die variety Capped Bust half dimes

 

Global Financial News

Amazon Prime today arrives tomorrow with all the major online retailers attempting to tag along for the ride.

Global equity markets continue to be in a rally mode as there will be economic recovery after the Covid-19 pandemic. Morning market futures are flashing green while the 10 Year U.S. Treasury bond yield has moved up to 0.78%. Money is slowly migrating from safe Treasury bond into stocks. Seeking Alpha captures the optimism within this headline.

Following the biggest weekly rally in three months, U.S. markets look set to begin the week with some more gains. While the latest White House coronavirus package hit resistance from both Democrats and Republicans over the weekend, discussions are continuing. Odds are also increasing that the Democrats could take the Senate following the November election, which would lay the ground for a large stimulus package. Equity markets remain open today for Columbus Day, though bond traders will get the day off in observance of the federal holiday.

In Asia, Japan -0.1%. Hong Kong 2.2%. China 2.6%. India 0.2%.

In Europe, at midday, London 0.1%. Paris 0.6%. Frankfurt 0.4%.

Futures at 6:20, Dow 0.1%. S&P 0.5%. Nasdaq 1.4%.

Spot gold is trading at $1927/oz while crude oil is barely hold the $40 threshold at $40.09/ bbl.

 

Wrapping Up The Blog

I plan to be in the GFRC office the entire day and look forward to your purchase orders.

The next three weeks brings an intense political period and ample distractions. The ACB confirmation hearings will be full of daytime and evening news drama. My approach to life is to stay focused on the many great consignments that will be brought to market during this timeframe. The election results are uncertain, but life will go on afterwards. It always does after an election cycle.

Again, thanks for visiting with me on a Monday. Be safe and well.

 

 

 

 

October 11, 2020

Spooks within Ledge Hill Trails or a Logical Explanation?

and

A Wide Range of New GFRC Offerings

 

Greetings and welcome to the Blog on a Sunday morning. Thanks for checking in!

Southern Maine weather will be ideal for working outdoors and that is the plan. Since there is no GFRC shipping in a Sunday, I feel liberated and free to spend incremental time working on the land. This week's delivered six yards of 3/4" stone must be moved before the snow flies. Based on past seasonal experiences, that is about three week to move the pile. Today brings a pleasurable first effort.

 

Q&A With a New GFRC Client

Back in the GFRC office, the numismatic market remains strong. Orders continue to arrive at a steady pace. The overnight hours brought a question from a new GFRC client who is focused on Liberty Seated dimes and acquiring several of the plate coins at The Definitive Resource for Liberty Seated Dime Variety Collectors. Here is the question as received. I though the question was worthy of a public response, in the Blog, as many new "faces" to the hobby struggle with the marketplace dregs found in TPG holders.

Gerry, if you don’t mind, I have a question for you. I’ve noticed that some coins from PCGS or NGC seem to have been cleaned in the past yet get slabbed. Others are sent back with Genuine Details Cleaned. Do you know why or how they go about deciding?

This is just a general question from someone who is trying to learn as much as possible but I’m very confused about how the TPG companies do business. Thank you for imparting some of your vast experience for me, and thanks for your great coins and awsome description of all the coins.

Let's open the respond to this question with a statement, "The TPGs have too much market power given their historical grading inconsistencies".

The TPGs launched their business model in the 1986-1987 timeframe. First came PCGS, using fly-in dealers as graders, followed by NGC. Eventually both grading services hired their own grading staffs.

Market competition evolved between PCGS and NGC. Since NGC was second in the market, there was a need to be slightly less conservative to take market share from PCGS. As a result, NGC secured a reputation for overgrading during the first decade of operation. I observed this first hand when building my core Liberty Seated dime set. After making purchases for a period of time, I laid out the PCGS coins against the NGC holdered coins. The difference in grading standards was visually obvious.

We must step back and remember that Third Party Grading services are for profit entities. Like all businesses, there is an annual operating plan and a targeted amount of grading volumes to secure towards achievement of their plan. Another ongoing challenge is maintaining a trained grading staff.

Grading is not an easy job. One sits in a dark room at a table with a bright light for hours on end. Coins are reviewed and graded in the matter of seconds. Graders tend to "burn out" over time due to the challenging work expectations. As a result, there is ample subjectivity in this process. Certain graders may have experience with 20th century coins but are inexperienced with early silver type and/or U.S. gold. Each grader brings their personal bias on what constitutes "original color", luster, and the significant of marks. Some graders may "net grade" while others will just go the Details route. If graders have a question on a coin, it is always easier to "bag" a coin and give a Details grade. The TPGs know that marginal "Details" coins will be cracked out and resubmitted generating more revenue.

Over a long period of time, grading standards have loosened. This is a known fact and the reason CAC was launched to bring the TPGs back to a reasonable grading standard. Across many years, the TPGs have straight graded many cleaned coins. I've seen some incredible mistakes in straight graded holders. These mistakes never go away unlike an undergraded coin that will be cracked out and correctly graded by a dealer for profit. Overgraded coins accumulate in the marketplace. Unless forced, the TPG will not buy these back. Some dealers hope to sell these dregs to the less experienced collectors who trust the grade on a TPG label since lacking their own evaluation skills. eBay is a marketplace where dregs frequently appear.

The 2014-2015 timeframe is a notable period for PCGS and erratic grading. Coins found in the Gen 5.0 Dupont hologram holders should be carefully checked. PCGS suffered a grading staff turnover event with some problem coins being straight graded.

As CAC become a more dominant force in the hobby, the TPGs have tightened their standards. Grading has become tighter with Details grade assignments becoming more prevalent. I've let PCGS Details graded Liberty Seated dimes from my own collection accumulate. Once I have twenty or so, I will cracked them out and resubmit. The last batch saw a 40% straight grade on coins previously Details graded. This in itself should indicate the subjectivity of the TPG evaluation process. Again, the TPGs have too much power for the amount of subjectivity inherent to their product. New products like Plus (+) grades appear to be a response to CAC impact on the market.

For new collectors, your best path to a successful hobby is locating an honest mentor. Build a relationship with a dealer that has a strong reputation for transparency. Study CAC approved coins vs. those that are not CAC approved. The GFRC Sales Archive is a an excellent resource for those who don't frequent coin shows.

 

Spooks within Ledge Hill Trails or a Logical Explanation?

Saturday brought an event within the Ledge Hill Trails that sent a chill up my spine. This is the story.

Dave Wilkinson, the contractor who developed Ledge Hill Trails, always carried a bag of tools and grease gun with his excavator. The excavator's rubber tracks were aged and could easily come off their sprockets when working in rocky terrain. The tool kit was necessary to fix the tracks once off their sprockets.

During the last work day at at the trails, Dave was doing clean-up tasks including moving large branches and brush to the burn pile adjacent to the settler's stone wall. The prior day, a track had come off the sprocket. Once repaired, he laid the tool bag near the burn pile and continued with his work. When close to being finished for the day and the overall project, he noted that his tool bag was gone. The tools were in a large white bag and difficult to miss. Could Dave have run over his tool bag when moving brush to the burn pile? We don't know but assumed so as the only logical explanation. Dave spent a full hours tearing apart the brush in the burn pile area in search of his missing tool bag. I walked the main trail and surround areas in support. Neither of us had any luck in locating the white bag and tools. We finally gave up and Dave removed the excavator from the job site.

Since Dave completed Phase 1 of the Ledge Hill Trails project, I have been in and out of the area working on the main path and dumping small brush, with John Deere tractor, onto the burn pile. I've never seen a trace of Dave's white bag or any of his tools.

On Saturday afternoon, I decided to use the John Deere and a rake to quickly clean-up accumulated leaves in the front landscaping. I would mow and blow the leaves into large piles. The piles were loaded into the dump cart and transported to the burn pile. I made three uneventful trips to the burn pile to unload the cart. Each time through, I would remove a few surface rocks and broken roots to smooth out the access path to the burn pile.

Then something eerie happened on the fourth load. I came down the path through the stone wall opening and turn onto the burn pile access path followed by unloading the leaves. Once done, I sat on the tractor and started back up the trail. There in front of me, on the trail, was a bright shiny 1 1/16" long bar wrench resting on the ground. Unquestionably, it was Dave's wrench. The wrench look like it had just fallen from the sky onto the trail. Below is an image of the wrench taken after placing it on an out of the way wood pallet. I sent a text message and the below image to Dave to confirm this was one of the missing tools.

 

Dave Wilkinson's 1 1/16" Wrench Appears on Ledge Hill Main Trail

Dumping Leaves on Burn Pile                                                   Location of Wrench Where Found

    

 

What is perplexing and creepy is the condition of the wrench. There are no signs of dirt on the wrench from being buried in the ground. When removing a few rocks in the access path to the burn pile, could I have uncovered the wrench followed by the tractor's mowing deck dragging it on the path? That would be a logical explanation. Be surely, I would have seen the wrench when removing the rocks? Why is the wrench bright and shiny as if just polished?

Dave called and confirm that the wrench is part of the missing tool bag. We were both shocked at the condition of the wrench and its eerie appearance. I closed by telling Dave that if the wrench is gone in the morning (I left it on the wood pallet by the stone wall), we have uncovered an ancient Indian burial ground and the spirits are not pleased......

I'm sure this is not the end to this story.

 

Noteworthy GFRC New Offerings - Get FRoRs in Quickly!

Saturday evening brought image processing for the following gallery that includes some great new GFRC offerings. Most are new purchases from the Manchester NH Coin Expo and just back from Far Hills NJ (CAC).

The 1795 Flowing Hair dollar is a fantastic piece and perfectly original. It was my expectation that a CAC green bean would be assigned. It did not happen and is what it is. Already, there are three First Rights of Refusal as the piece is awesome even without CAC validation. Coloring is slightly lighter in hand.

The 1839 F-101 Seated dime was approved and look full MS64 when purchased at the show. The 1906 G$2.5 was taken in trade from a collector and also received a CAC green bean. The 1881-S Morgan has splendid eye appeal and did not CAC. The 1873-CC Seated dime is an important date with some immediate interest. This one is consigned.

Look for these offerings to reach the price list by end of day along with a Cleveland Collection consignment (Seated dimes).

Noteworthy GFRC New Offerings - Get FRoRs in Quickly!

1795 B-4 BB-14 Two Leaves PCGS VF30 $1

  1839 F-101 PCGS MS63 CAC 10C                                                 1873-CC Arrows PCGS VG08 10C

    

 1851 F-103  PCGS AU58 OGH 10C                      1881-S PCGS MS64 $1                          1906 PCGS MS64 CAC G$2.5    

            

 

Wrapping Up The Blog

I've rambled enough in this Sunday morning edition and best to hit the upload button. That six yard 3/4" stone pile is calling me into morning action.

But first, I will check on Dave's wrench by the stone wall......

Thanks for stopping by at the Blog. Your purchase orders would be appreciated!

 

 

 

October 10, 2020

Iowa Collection II Preparations Update

and

Norse-American Medals Arrive to Price List

 

Greetings on an early Saturday morning and welcome to another Daily Blog edition.

The day starts early, 4:30 AM to be exact. Already, two consignments checks have been issued, processed coins filed in the inventory boxes, and a Collectors Corner update completed. The early morning hours bring tranquility and the ability to quickly execute admin tasks towards an organized office and peace of mind. As 6:30 AM, attention shifts to composing the day's Blog.

Friday brought an afternoon drive to Windham for check deposits and grocery shopping. One cannot live by coins alone! With an afternoon temperature in the high 50s and sunny skies, conditions were ideal for an autumn Miata ride. The top down ride still remains fun, especially during the month of October. I'd much rather be driving in cool weather with a leather jacket rather than during the hot summer months and a sun beating down on me. As I drove back home, it become apparent that the autumn 2020 foliage season has been irregular and not memorable. Drought conditions brought early intense coloring from the maples. Unfortunately, a wind storm stripped the maples leaving the oaks still green. Those oaks are in the process of turning a dull brown.

While tooting along in the Miata, the cellphone rang several times. I never answer a phone call while in the Miata due to safety concerns and wind noise. Once home with the groceries unpacked and stored, those calls were returned calls. One of those calls brought the sale of the 1891 original proof set that was featured in yesterday's Blog. What a great way to close out a busy week!

 

Iowa Collection II Preparations Update

I'm pleased to report that much progress has been made with the Iowa Collection II preparations.

Friday brought a close to imaging processing with each new offering being properly photographed. Since Iowa Collection II was loaded into the COIN database on Wednesday, a few edits to the Daily Blog html code enabled the tabular display of the entire collection at the upper right corner of the Blog. You are invited to scroll through the table and consider what lots might be of interest.

When photographing the Iowa Collection II, the enormity of the accomplishment was readily apparent. Every coin in the set was toned a uniform gray. The consignor's collecting goal was not a specific grade or grade range. Rather, the goal was uniform coloring with grade being subordinated to the coloring matching requirement. This fact will become obvious once the entire Iowa Collection II client gallery is published in the upcoming ten days.

I was especially taken back by several of the key dates including the 1864-S and 1872-S. The late October E-Bid Auction will be an exciting event when considering the number of active Liberty Seated collectors in our community. Today brings the placement of each lot's auction reserve into the COIN system. Image processing will begin in ernest by mid-week.

 

Norse-American Medals Arrive to Price List

The Norse-American medals are a bit of an oddity with respect to U.S. coinage struck at the Philadelphia Mint. I've seen these pieces on occasion in dealer wholesale boxes but never took the time to learn of their historical context and the reason for being struck. This changed when two examples were included in a recent consignment from the Osprey Collection. Dan White bought the pieces as part of a small New England collection and sent them along.

If one looks in the Redbook and the Early U.S. Silver Commemoratives chapter, the Norse-American commemorative is not listed. The reason is that the issue was conducted as a medal rather than a legal half dollar commemorative coin. Since the Redbook lacked information on this medal, Wikipedia came to the rescue with a wealth of information on the Norse-American medal's background. Following are a few excerpts.

On July 4 or 5, 1825, the vessel Restauration sailed from Stavanger, Norway, for the United States, with 45 emigrants aboard. According to what The New York Times deemed "bacchanalian" legends of its passage, the expedition anchored off an English coastal village and traded ashore some of its rum, only to depart in haste when local officials took an interest. After they arrived in New York on October 9, the ship was seized pursuant to a court order, as the passengers exceeded the permitted number for a ship of its size by 21, counting a baby girl born to the Larsens en route. In addition, a fine was to be imposed, but because the immigrants spoke no English and had no knowledge of American laws, President John Quincy Adams issued a pardon, releasing the ship and remitting the fine. Initially settling on land they purchased near the shore of Lake Ontario, about 35 miles (56 km) from Rochester, New York, the passengers were the first of many organized groups of Norse-Americans who crossed the Atlantic, especially to the northern and western United States.

Ole Juulson Kvale was a Minnesota congressman of the Farmer-Labor Party, and a proud Norse-American. Kvale was a member of the Norse-American Centennial Commission, which was to organize a 100th anniversary celebration of the Restauration's voyage. This celebration was important to a Norse-American community that had been perceived as antiwar during World War I, and was attempting to display both ethnic pride and assimilation. Kvale, a Lutheran minister, was also a member of the House Committee on Coinage, Weights, and Measures, and in January 1925 approached the Treasury Department, seeking its support for a commemorative coin in honor of the anniversary; he was told that the Treasury would oppose it. Commemorative coins for ethnic heritage groups were unlikely to pass Congress at that time due to the controversy caused by the 1924 Huguenot-Walloon Tercentenary half dollar, seen by some as Protestant propaganda.

On January 30, 1925, Kvale attended a meeting of the Coinage Committee, at which the proposal that would become the Vermont Sesquicentennial half dollar was considered. Treasury officials were present in opposition, suggesting a medal be issued instead, and Kvale asked several questions about the Mint's issuance of medals. On February 3, Kvale and his son Paul met with Treasury officials, bringing a draft bill authorizing the Bureau of the Mint to strike commemorative medals for the Restauration anniversary. Acting Mint Director Mary M. O'Reilly and Treasury Undersecretary Garrard Winston were dubious about the idea of striking silver medals that would be between the quarter and half dollar in size. To offset this concern, Paul Kvale suggested making the medal octagonal or hexagonal.

Six thousand silver medals on a thin (1.6 mm) planchet were struck between May 21 and 23, 1925, at the Philadelphia Mint. They were handled like ordinary coins: They were counted, bagged, and transported to the Fourth Street National Bank of Philadelphia for the centennial commission's use. Between May 29 and June 13, a total of 33,750 pieces were struck on a thick (2 mm) silver planchet. The reason for the two varieties is uncertain; Swiatek theorizes that the Norse-American Centennial Commission might not have liked how the thin ones looked, or might have wanted collectors to buy two medals. One hundred were struck in gold.

GFRC is pleased to be offering both "thin planchet" (6000 mintage) and "thick planchet" (33,750 mintage) Norse-American medals certified by ANACS and house in early old white holders.

 

Norse-American Medal Offerings

1925 "Thin" ANACS MS63 OWH 50C                                             1925 "Thick" ANACS MS64 OWH 50C  

    

 

GFRC's Weekend Agenda

Saturday morning brings another substantial amount of packaging and shipping. The balance of the day will be spent loading smaller consignments to the price list. It might be advisable to check the price list during the late afternoon or evening hours for new offerings.

After completing the Sunday blog edition, the morning hours will be time-off from the GFRC business. Leaves must be blown and raked. Six yards of 3/4" stone are targeted for Ledge Hill trail building. Sunday's weather forecast will be ideal for working outdoors. A break from the GFRC business is warranted after operating solo for nearly a week.

 

Twin Lakes and AuburnNY Accordian Consignments are Next in Queue

The new Twin Lakes and AuburnNY Collection consignments are complementary. As usual, the Twin Lakes offerings are all PCGS AU58 graded items from Indian cents to Peace dollars. Twin Lakes consignments typically sell well, especially with shoppers on the Collectors Corner platform. The AuburnNY Accordian offerings start with a small Liberty Seated dime lot with the main event being fourteen $10 U.S. gold eagles ranging from 1868 up through 1895. Six of the $10 Liberty design eagles are CAC approved and will garner attention.

 

GFRC's First Automated E-Bid Auctiom Next Weekend?

My plans also include a small E-Bid Auction to take place during the weekend of October 17-18. Lots will be low priced Liberty Seated dimes from my personal collection and other items. The goal is to debug the E-Bid Auction application and become well versed with administering a sale. Lots will start at no reserve to attract attention and bidding. An auction gallery will be published in the Blog in a few days.

 

Wrapping Up The Blog

Buddy the Dog is looking at me and wondering when we will go outside for this morning ritual. It is best to end the Blog here and conduct several rounds of proof reading.

Thank-you for being ongoing readers. I will be back on Sunday morning with more ramblings.

Purchase inquiries and orders would be greatly appreciated. Be safe and well.

 

 

 

 

October 9, 2020

GFRC Website Back to Normal Status

and

Price Reduction on 1891 Proof Set

 

Greetings and welcome to the Blog on a Friday morning. Where in the world did this week go?

Southern Maine will experience a pleasant autumn day with bright sunshine. The current temperature is a cool 34F and will warm to about 54F by mid-afternoon. By the end of today, the Iowa Collection II consignment will be photographed and the preview feature in the upper right corner of the Daily Blog will be enabled.

Do you remember that broken telephone pole that was on the property when returning from Florida mid-May? That pole is still there after four polite phone calls with Central Maine Power for its removal (mid-May, late June, early September, and yesterday). Thursday brought the fourth call and the usual apology and responsibility deflections. Oh, we subcontract that job to another company is the standard response. During yesterday's phone call, it was obvious that my pleas for help would again fall on deaf ears. As this become apparent, I indicated that the current CMP customer service process is not working for me and a new approach is necessary. My plan is to take pictures of the broken pole and call our local NBC news affiliate in Portland and ask for their help to publicize the plight of an average customer attempting to deal with an unresponsive public utility. That suggestion appeared to generate some concern on the part of the customer service rep. She spoke with other reps and promised to immediately escalate to her supervisor for action. I'll give it for few more days and if not hearing back, it will be time to call Channel 6 News and see if they might be interested in helping out.

I'll be honest, there are not enough hours in a day to operate GFRC without Diane's admin support. When a two person operation finds itself with only one employee, the workload on the remaining individual increases to the point of saturation. Yesterday brought a 16 hour day which is unsustainable. This morning shipping tally is eleven boxes. Without Diane's depositing of check on a daily basis, they are accumulating since a deposit requires an twelve mile drive to the BOA bank branch. I'm shipping orders ahead of depositing checks which is not a good business practice.

 

GFRC Website Back to Normal Status

By last evening, the Featured Coins gallery was back at the top of the Daily Blog thanks to Matt's quick support. Ditto for the JUST BUY IT NOW gallery at the top of the For Sale main page.

Matt was able to generate the fix before leaving for the airport and the Yamatin's family return to China. The return requires a two week quarantine in government controlled hotels with families separated by sex. One is not allowed to leave the hotel room with daily food service provided. After the quarantine period is over, they will be free to fly to Beijing and return to their home. Sadly, once Matt and Chikae survive this ordeal with Natsumi, they will not wish to leave China and return to U.S. for Christmas break and probably the long summer of 2021 school break. Natusmi is growing up so quickly without contact with her grandparents.

Back to the website event... The root cause of Thursday's morning fatal errors is how Dreamweaver saves edited .PHP files. Dreamweaver attempts to restructure all links during the save process which cause the issue with how the Daily Blog and For Sale List pages operate. Matt has a potential solution which will be discussed while he is in quarantine.

 

Price Reduction on 1891 Proof Set

A phone call arrived from the consignor of the 1891 proof set on Tuesday suggesting that we drop the price from $22,500 to $20,500. The price reduction can be found on the 30 day price list.

I hope that individuals who made prior inquires will see the price reduction and consider a purchase. This is a 100% original set with the Philadelphia mint issued packing envelope as evidence. Following is the June 9, 2020 proof set introduction as posted in the Daily Blog that day.

 

Presenting a Near-Unique 1891 Proof Set - 100% CAC Approved

Research and Commentary by Len Augsburger

The “modern” era of proof coin production began in 1858, and, while proof coins were produced before that, it was in 1858 that the Mint began striking proof coins “on spec” and waiting for the public to place orders. Sets were struck to the extent of several hundred per year, all the way through the era of Barber coinage, which ended in 1913. Many 19th century collectors accumulated runs of proof sets, and these were deemed sufficient to represent the current coinage in any era when few paid attention to mintmarks or condition rarities in the business strike series. Collectors now have deeper knowledge, and a Mint state 1867 quarter, for example, is more highly prized than its proof counterpart. If it has an S-mintmark, even better!

Today we tend to think of proof sets in terms of what we recall from early collector days – annual sets of the cent through half dollar denominations, cased together in neat 5-coin holders. They’ve been struck by the tens of millions, and you will see stacks of them at any local coin show. Current sets have generally not been the best investments, with occasional exceptions such as the nine-piece 1999 silver set, which introduced the State Quarters. Still, collectors enjoy putting runs together, and the production quality is high with razor-sharp strikes and strong cameo contrast on many pieces. Proof sets remain a popular gift item, much like gold coins a century ago.

The nineteenth century proof sets similarly did not quickly rise in value. A run of gold proof sets sold by the Chapman brothers at the 1906 Wetmore sale attracted about twice face value for most sets, with rare dates (1875, 1876) performing more strongly. All of this changed in 1936, with the reintroduction of proof coinage at the U.S. Mint. The 1936 set rapidly rose in value, and a reenergized collecting public began to take more interest in the older sets. Of course, by this time, many of the 19th century proof sets had been broken up or spent along the way, as premiums for the proof silver or copper pieces were not substantial. Thomas Elder’s 1929 sale of the Samuel H. Chapman collection included a good number of 19th century silver proof coins, many selling for only 50% over face. And that was a retail price for someone living in a big city with access to an auction venue. For a casual collector who lived in the country and lost interest in numismatics, simply spending the coins was the quickest way to realize their value.

The loss wasn’t terribly great, as the Mint charged minimal premiums for the coins to begin with. A Mint circular from the 1890s gives the prices - $38.50 for a gold set (one dollar over face value), $2.50 for a silver set including minor coins (face value $1.91), and 8 cents for a minor coin set consisting of a nickel and a cent. If that wasn’t cheap enough, the postage was free, as an 1891 letter from Mint Director Edward Leech to the Superintendent of the Philadelphia Mint confirms. A mere 10 cents was charged for registered mail service.

Today, about half the of the 19th century proof coinage has survived, but the vast majority of sets have been split up as collectors pursue runs of various denominations. Auction houses, perhaps under orders from an estate to sell everything, won’t hesitate to break up sets if that is what is required to effect a sale. The Mint broke up sets too, putting proof pieces into circulation if they remained unsold at the end of the year. An 1880 letter from the Philadelphia Mint Superintendent A. Louden Snowden to Mint headquarters confirms that 1879 gold proofs were returned to circulation by the Mint.

All of these factors mean that the survival of any original 19th century proof set is a noteworthy event. The present offering, an 1891 set representing the final year of Liberty Seated coinage, has somehow escaped the fate of most proof sets of this year. More so, each individual coin is in gem or near-gem condition, unlike many other proof pieces that have been excessively dipped over the years. GFRC and the consignor strongly believe in preserving the historicity of this original set, and it will be sold only as a single lot.

 

Historic 1891 Proof Set - Immediately Available

Original Mint Packaging - Offered at $22,500

1891 PCGS PR66 CAC $1

1891 PCGS PR65 CAC 25C                                                           1891 PCGS PR66 CAC 50C

    

1891 PCGS PR64RB CAC 1C                    1891 PCGS PR64CAM CAC 5C                      1891 PCGS PR66 CAC 10C  

            

 

While the coins are their own are remarkable, the more compelling fact is that this set has been kept together since the time of its purchase. The envelope from the U.S. Mint has been preserved, and the wax seal, engraved SUP. [Superintendent] U. S. MINT. PHILA. attests to the origin of this noteworthy offering. The “$2.50” annotation on the front of the envelope is an obvious reference to the issue price of the silver and minor coin proof set. The owner further noted “Proof Coins for 1891 92,” and it seems likely that sets of both years were stored in this envelope prior to being separated. As this envelope is not postmarked, it would have served as an inner envelope in the original Mint packaging.

The envelope is inscribed “Mr. R. H. Poole / Lake Forest / Ill.” The identity of this individual is almost certainly Ralph H. Poole (1878-1962), who was born into a prominent Lake Forest, IL family that shows up frequently in the society pages of the Chicago Tribune. Poole graduated from Princeton in 1900, practiced as a civil engineer, and left a sizable estate upon his death. Poole apparently acquired the 1891 and 1892 proof sets in his youth, and from there any formal numismatic activity ceases. He is not found in the Gengerke auction consignors index, ANA membership directories, or other numerous sources available through Newman Portal.

The arc of many coin collectors is active interest in younger days, a pause during early adulthood while one’s family and professional career are established, and renewed activity as resources and leisure time increase. For whatever reason, Mr. Poole never re-engaged as numismatist, but, during his tenure as the custodian of this set, he took care to preserve the original envelope and to maintain this proof set as whole. Many of his fellow collectors did not do likewise, and that makes make the 1891 Poole proof set near-unique in this regard.

While we cannot say with certainty that no similar item exists, we can say that we never seen another. A comprehensive search of the Newman Portal reveals only a single result, which was the sale of this exact same set in May 2011 at Goldberg’s, lot 1154, where it sold for $24,150. Coins and related paperwork tend to be quickly separated, and the modern practice of encapsulating nearly every coin of value has only reinforced a longstanding trend. While other owners of 1891 proof sets may claim that their sets are original, perhaps due to similar toning, only a select few can actually prove it. This is such an opportunity.

Original Waxed Sealed Philadelphia Mint Office Envelope

Front - R.H. Poole, Lake Forest, IL                                                      Back - SUP U.S. MINT PHILA    

    

 

Next in the GFRC Posting Queue

White Pine "Top of the Ladder" offerings are loaded to the price list as of late Thursday evening. Sales are moving along nicely with several more coins selling during the overnight hours. Handling coins at this quality level is always a joy since straightforward to describe coins that present perfect originality and excellent eye appeal.

Next in the GFRC queue is a group of smaller consignments to clean up the office followed by large consignments from Twin Lakes and AuburnNY Accordian. But first the wonderful CAC approved lot that was purchased this week will be posted. Already the 1913-S Type 1 Buffalo and 1936 Mercury dime found their way to the price list at 11:00 PM last evening.

 

Global Financial News

China is back from a national holiday (golden week) with the Shanghai market posting strong gains. The Chinese command and control approach to Covid-19 is quickly reviving the service sector. This Seeking Alpha headlines captures the optimism.

China Services PMI runs hot. China September Caixin Services PMI came in at 54.8 to top both the consensus mark of 54.3 and the 54.0 reading for August. Services PMI has now increased for five straight months, and the latest rate of expansion was among the highest recorded over the past decade. Growth was supported by a marked rise in total new business, though new export work continued to decline. A sustained rise in overall client demand led firms to expand their payrolls for the second month in a row amid increased capacity pressures. Companies also retained a positive outlook regarding activity over the year ahead, with business confidence improving since August.

U.S. markets are positioned for Friday opening gains. Following are morning market futures courtesy of Seeking Alpha.

In Asia, Japan -0.1%. Hong Kong -0.3%. China 1.7%. India 0.8%.

In Europe, at midday, London 0.7%. Paris 0.4%. Frankfurt -0.05%.

Futures at 6:20, Dow 0.4%. S&P 0.4%. Nasdaq 0.3%.

Crude oil continue its slow price recovery with a morning quote of $40.86/bbl.

I've been closely monitoring spot gold pricing since taking a position at the $1860 level. There was risk in the timing of that position since buying on a downward trend but trusting the technical charts. This morning's quote is $1914/oz. Gold appears to be consolidating in the $1880 to $1920 range. Key will be the next move as physical gold supplies return to normal after Covid-19 induced mining and transport shutdowns.

The 10 Year U.S. Treasury bond yield remains at 0.77% and an indication that investors are weathering a brutal U.S. presidential election season with continued optimism.

 

Wrapping Up The Blog

Next up on a Friday morning is taking Buddy the Dog out for his morning ritual followed by a shower and an extended time in the packing and shipping department. Lunch time will arrive quickly followed by photographing the last of the Iowa Collection II consignment.

Thanks for checking in with me. I hope you don't mind life's transparency.

Be safe and well!

 

 

 

October 8, 2020

GFRC E-Bid Auction Application Introduction

and

Fresh CAC Approved Type From Box of 20 Collection and more!

 

Greetings and welcome to another edition of the Daily Blog. Where is the Featured Coins table you might ask? The response is worthy of an opening Daily Blog story.

My day started early at 5:00 AM. Preparing the new E-Bid Auction introduction in today's edition was paramount. While conducting screen captures to illustrate the new application, I foolishly decided to improve the format of the auction page and its tables. A few harmless edits was done to improve the presentation followed by an upload. Darn it, Dreamweaver got me again and introduced background code changes resulting in fatal errors when processing the Featured Coins table (Daily Blog) and the JUST BUY IT NOW table (For Sale List).

To make matters more complicated, I realized that the Yamatin family is flying back to China on Friday and might already be in transit. With Matt being unavailable to fix the Dreamweaver induced code errors, the situation initially looked grave at 6:00 AM. After a few choice words that no one but Buddy the Dog heard, I stepped back for a moment and realized that the problem was exclusive to Matt's opening table html code. This is where the errors were taking place. Why not generate backup files and just delete the tables from the two pages and get on with a day? After two careful code deletions, the Daily Blog and For Sale List pages are back online without the problematic opening tables. I'm sure you won't mind the tables being unavailable for the next few days. Whew, what a relief.....

Now back to our regular Daily Blog edition!

 

Southern Maine Weather is Winter Like!

After two days of clouds and unsettled weather, a cold front has arrived to southern Maine. Current winds are robust at 12 mph and will peak at 20 mph this afternoon. Early morning temperature is a cool 51F and is essentially the high for the day. Overnight temperature will drop to 33F by Friday morning.

The bright spot (no pun intended) are clear sunny skies for photographing the Iowa Collection II consignment that arrived on Wednesday. I'll take the cold weather with clear skies any day!

 

Introducing GFRC's E-Bid Auction Application

It is with great pride that I share a brief introduction of the new GFRC E-Bid Application that significantly enhances client selling options.

The E-Bid Auction application is a simple and practical approach for conducting online auctions. It was modeled consistent with the old manual bid boards of years ago but with modern automation.

The new auction service was designed specifically for the current GFRC community and not as a mass marketing and generic auction platform. The major auction firms need not be worried by the GFRC platform. There are no registrations or accounts requirements which greatly simplified the coding.  All that is needed to bid is your name and email address.  It will be Scout's Honor for honoring bids once an auction lot closes. Diane will be contacting all successful bidders individually, though the system will automatically notify you of having a winning bid. If anyone attempts to shill or manipulate bids, they will be banned from future auctions.

Behind the scenes, Diane and I will be monitoring and faciliting the auctions. Matt has created an administration board to capture who is bidding on what coins. We will see every bid that is successfully placed on each lot.  Your admins reserve the right to reject bids as we see fit for those who have not honored prior bids. We will be watching for shills or other less than honorable activities and have an individual bid reject button on the administrative panel.    

It will be interesting to see how this simplified auction application is received.  The bidding is auto calculated based on the bidding increments in the GFRC Terms & Conditions.  Every bid is acknowledged with an automatically generated email. Bidders will have real time updates after a bid is placed. The operation will be closer to an eBay auction rather than an online auction by one of the leading auction houses.

The current plan is to conduct a small no reserve auction on a lot of inexpensive Liberty Seated dimes and other low priced coins for the community to learn application usage. This initial debug auction will take place next week. The first major auction on the new E-Bid Auction platform is the Iowa Collection II Sale upcoming at the end of this month. A second "huge" auction is planned for November with that collection already committed to GFRC and a transfer date being settled.

 

GFRC E-Bid Auctions - The Online Auction Table

Following is a screen capture of the E-Bid auction table. The format looks similar to a regular GFRC For Sale page table.

Please look carefully as there are three different auction statuses illustrated. The 1913-S Buffalo nickel is positioned for an auction that opens on October 12. The TPG number is available with a link back to the TPG website for checking certification. Listed descriptions will be prepared by Len Augsburger or Gerry Fortin. Reserves and high bids will be listed in the second to right column. The rightmost column communicates the lot's status and allows bidding.

The 1917-D Standing Liberty quarter is currently available for bidding as a test case only. Bidding is accomplished by clicking on the shopping bag icon.

The 1825 Capped Bust half illustrates a closed auction status and a situation where a lot does not meet the reserve.

 

GFRC E-Bid Auctions - Three Auction Status Examples

 

GFRC E-Bid Auctions - Bidding Screen Example

Let's assume that you have decided to bid on the 1917-D Standing Liberty quarter. Clicking the shopping bag icon brings about the below screen.

This screen contains all the pertinent information for the lot including full description, reserve price, current high bid and the information panels for placing a bid. Bidding requires three pieces of information.

- Name

- Email Address

- Max Bid

Once these three pieces of information are entered, please hit the Enter Bid button.

GFRC E-Bid Auctions - Bidding Screen Example

 

OK, the required information was entered and the Enter Bid button selected. The bid will be first checked for being valid. If not valid, an error message will be issued on the bidding screen (I will go into more depth and illustrations in a subsequent Blog tutorial). If the bid is valid, an email is sent to the inputted email address indicating such. Please see next screen capture of an email sent to Gerry Fortin after he place a $1300 max bid on the 1917-D quarter.

All GFRC auction emails will be issued from "auctions@seateddimevarieties.com". The email captures the submitted name and acknowledges the maximum bid. Each bid is assigned a unique bid number. Please note that there are no bidder numbers assigned to clients. Again, each bid is assigned its unique tracking number. Finally, you can click on the link to return to the lot bidding screen and check if your unique bid number is the high bid.

 

GFRC E-Bid Auctions - Email Bid Notification

 

I'm certain that today's brief Blog introduction will bring about a host of questions. Please let them fly and send to me via email. I will not respond to each question individually, rather the responses will be communicated in an upcoming Blog edition. This is a truly efficient manner for sharing answers to all questions raised.

Thanks for reading the initial introduction!

 

Fresh CAC Approved Type From Box of 20 Collection and more!

The following gallery presents a lovely lot of CAC approved type coins and early U.S. Commemoratives that were purchased as one deal. The quality is just super as the collector carefully selected these pieces for a box of 20 collection. Most were source from leading dealers including Warren Mills at RCNH. That in itself should speak volumes about the indiviudal quality.

I'm running out of time for a reasonable Blog publishing event and will not attempt to describe each offering. Let's just say that these coins will carry GFRC gem and near-gem quality ratings and are top shelf offerings.

Please check the price list for these lots to post by end of day.

 

Fresh CAC Approved Type From Box of 20 Collection

1913-S Type 1 PCGS MS66 CAC 5C

1917-D Type 1 PCGS MS65FH CAC 25C                                          1882-CC PCGS MS66PL CAC $1       

    

 1936 PCGS MS66 Gold CAC Rattler 10C            1825 O-114 PCGS AU58 CAC 50C                      1925 PCGS MS66 CAC $1            

            

 1935 Connecticut  PCGS MS66 CAC 50C      1935-S San Diego PCGS MS65 CAC 50C         1936 Norfolk PCGS MS66 CAC 50C    

            

 

More Seated Dollars from the New England Collection

While at the Manchester NH Coin Expo, the New England Collection consignor dropped off two more Liberty Seated dollars on consignment. These two new offerings are featured next. The 1855 date is rare and an important opportunity. Mintage is a meager 26,000 pieces with pricing being still reasonable when considering the challenging availability. Look for these two dollars to post to the price list by Friday as price setting and approval must be first completed.

 

More Seated Dollars from the New England Collection

1855 PCGS AU50 $1                                                           1860-O PCGS AU58 $1

    

 

Global Financial News

Global equity markets are in a moderately upbeat mood after recent gains. The Shanghai market is closed as China is on a national holiday. Following are morning market futures courtesy of Seeking Alpha.

In Asia, Japan 0.96%. Hong Kong -0.20%. China closed. India 1.04%.

In Europe, at midday, London 0.29%. Paris 0.33%. Frankfurt 0.55%.

Futures at 6:20, Dow 0.37%. S&P 0.4%. Nasdaq 0.6%

Crude oil is riding a new wave of economic optimism with a morning quote of $40.47/bbl. The 10 Year U.S. Treasury yield has inched up to 0.77%. Spot gold is trading at $1896/oz as we start a new day.

 

Wrapping Up The Blog

The time has come to wrap up today's Blog after an exciting start. Buddy the Dog is looking at me and strongly indicating that it is time for his morning ritual.

I'm not sure when the Featured Coins and JUST BUY IT NOW tables will be back online. We are fine without those displays for the next few days.

Look for the White Pine Collection offerings to post to the price list by mid-afternoon followed by today's Box of 20 Collection new purchases. Really, there is never a dull moment at GFRC.

Thanks for checking at the Blog. Be safe and well.

 

 

 

 

October 7, 2020

White Pine's "Top of the Ladder" Collection Arrives!

 

Greetings and welcome to the Blog on a Wednesday morning.

Another southern Maine day starts with partly cloudy conditions and the promise of afternoon rain. Autumn is an ideal time to seed a new lawn due to cooler temperatures. Any rainfall leaves moisture in the soil for several days rather than quickly evaporating during hot summer months. The barren brown ground in front of the settler's stone walls is quickly acquiring a green shade and should be alive with vegetation by end of October. One more aspect of the Ledge Hill Trails project is seeing completion. Yesterday brought text messaging with Dave Wilkenson. He will be bringing another six yards of 3/4" stone specifically targeted for the entrance trail. My plan is to build an eight foot wide stone path that will be straightforward to traverse and mow with the John Deere. Simplified maintenance must be planned and arranged in anticipation of the returning vegetation. Secondly, I just love working in the new park and shoveling stone is great exercise. Six yards of stone is only $280 delivered; what a deal!

I'm pleased to report that Diane arrived safely to Austin with considerable open seating space surrounding her on both flights. She shared that grand-daughter Ivy was cautious when Meme first arrived to Renee and Mike's home but quickly warmed to her presence.

As much as I had hoped to introduce the new GFRC E-Bid Auction service in today's edition, this is not possible. Operating GFRC on a solo basis is time consuming. The administrative task consume much time while consignments still require processing for publication in the Blog. Those who visited the Blog after 11:00 PM EST found that the White Pine Collection gallery has been posted. I worked on-and-off on the gallery from mid-afternoon until late evening to ensure its completion for today's edition.

GFRC's Wednesday schedule includes the arrival of two USPS Express shipments that contain the Iowa Collection II offerings. I must clear out consignments that are currently sitting in backlog to make room in the safe for four PCGS blue boxes of great coins. Also being processed is a wonderful nine piece CAC approved type lot lot that was transferred at the Manchester NH show and now purchased. Photography is complete except for two coins which I overlooked during Monday's photography session. These will be caught-up once a reasonable amount of sunlight appears.

 

White Pine's "Top of the Ladder" Collection Arrives!

I'm thoroughly pleased to be presenting the White Pine Collection's "Top of the Ladder" client gallery in today's Blog.

GFRC first began handling the White Pine consignor's numismatic divestment during July 2017. Since that time, I've sold 53 coins for this individual across multiple shipments. Like many consignors that take a slow measured approach to releasing their collection (myself included), the divestment has taken multiple years to accomplish with much patience and resolve. Each consignment brought higher quality offerings which I often refer to as "moving up the ladder with a consignor".

Today bring the final installation and the "top of the ladder" offerings from the White Pine Collection. A close inspection of the images should lead to a favorable conclusion concerning overall quality and eye appeal. 75% of the offerings are CAC approved. Those that are not CAC approved have been through a Far Hills NJ review other than the 1843 shattered reverse Seated half dime. The 1839 Drapery and 1841 Seated halves recently received approval.

Please be aware of existing First Rights of Refusals on the White Pine Collection offerings dating back to September 15. In that Blog edition, the collection contents were first published and itemized leading to a fair amount of requests. Those FRoRs will be honored first followed by those that have already begun to appear in my Inbox. Within the September 15 publication, the 1839 Drapery and 1841 Seated halves were listed as being without CAC green beans. At that time, that was correct. A recent visit to CAC resulted in well deserved green beans.

Today brings the usual COIN database loading and pricing proposal back to the consignor for his approval. If all goes to plan, I will being loading the White Pine Collection to the price list on Thursday. A fast paced sale is anticipated as these offering are top shelf and will fit nicely into the many advanced collection under construction by community members.

Congratulations go out to the White Pine Collection consignor for a marvelous closing consignment on his multi-year divestment journey!

 

White Pine "Top of the Ladder" Collection Gallery

1873-CC Arrows PCGS EF45 CAC 50C

1839 No Drap PCGS AU53 25C                                                   1848 PCGS AU53 CAC 25C

    

1855 PCGS MS63+ CAC 25C                                                   1881 PCGS MS64 CAC 25C

    

1841 PCGS AU55 CAC 50C                                                   1861 PCGS AU58 CAC G$5

    

1839-O ND PCGS AU58 CAC H10C                      1843 PCGS AU55 H10C                      1853 Arrows PCGS AU58 CAC H10C

            

1870 PCGS MS62 CAC H10C                      1843 F-104 PCGS AU50 10C                      1842-O LD PCGS EF40 25C

            

1853 A&R PCGS AU53 CAC 25C                      1859 I/I PCGS AU53 CAC 25C                      1873 Arrows PCGS AU53 CAC 25C

            

1874-S PCGS VF30 25C                      1839 Drap PCGS AU50 CAC 50C                      1846 PCGS EF45 CAC $1

            

 

Global Financial News

Financial markets have been on a roller-coaster ride during the past 24 hours based on President's Trump's shifting positions on the next round of fiscal stimulus. Following is a Seeking Alpha headline that captures the turbulence and morning market futures.

President Donald Trump continues to take the markets on a wild ride, this time boosting U.S. stock index futures, saying he would still support specific forms of fiscal stimulus after calling an end to negotiations yesterday. Trump tweeted yesterday afternoon that another COVID relief bill would only go through after the election, sending stocks tumbling. Trump said a sticking point on aid for state and local governments amounted to a bailout of blue states. But he later tweeted support for a standalone bill for $1,200 stimulus checks, $25B in relief for airlines and paycheck protection program funds. Futures climbed steadily overnight. S&P futures are up 0.8% and Nasdaq futures are up 0.6%. Major indexes in Europe are little changed, while Asia was mixed.

In Asia, Japan -0.05%. Hong Kong 1.05%. China closed. India 0.9%.

In Europe, at midday, London -0.11%. Paris 0.05%. Frankfurt -0.09%.

Futures at 6:20, Dow 0.62%. S&P 0.8%. Nasdaq 0.6%.

Spot gold pricing also pulled back during the stimulus volatility and starts the day at $1888/oz. Crude oil pricing is about to recover the $40/bbl level. The 10 Year U.S. Treasury bond yield remains at the 0.76% level and indicative of risk on investing.

There is no question that tech giants Google, Apple, Amazon, and Facebook have become overwhelmingly dominant forces in our online lives. These giants have simplified technology platforms for the average citizen but at the expense of crowding out competition. The U.S. House of Representatives has studied the situation and concluded that the tech giants have monology power in their market.

House panel urges tackling of tech ‘monopoly power’. The House antitrust subcommittee has released its report on Big Tech after a 16-month investigation, concluding that four tech giants - Alphabet (Goolge), Amazon.com, Apple, and Facebook - enjoy “monopoly power” and that antitrust laws need changes that might result in business separations. The near-450-page report features a swath of recommendations, including imposing structural separations and prohibiting dominant platforms from entering adjacent business lines - what subcommittee Chairman David Cicilline has called a "Glass-Steagall" law for the Internet.

 

Wrapping Up The Blog

The regular Blog publishing time has come and gone, therefore let's hit the upload button and start another busy day.

I will be in the office the entire day or working outdoors on the initial leaves and pine needle clean-up of the autumn season. Outdoor exercise is paramount considering the endless hours spent sitting in front of the laptop processing images and conducting regular GFRC business.

My goodness, Wednesday also means taking the trash and recycling to the curbside this evening. Where does time go?

Thanks for checking in!

 

 

October 6, 2020

Announcing the Iowa Collection II E-Bid Auction Sale

and

Manchester NH Newps and Better Date Liberty Seated Dollars

 

Greetings on a Tuesday morning and welcome to another Blog edition. Thanks for stopping by.

The day started early at 4:00 AM due to a special delivery. Diane is presently on her way to Austin, TX where she will be overjoyed being a nanny to grand-daughter Ivy for two weeks. The Fortins are begining to resume normal life. First it was your blogger attending the Manchester NH Coin Expo. Today brings Diane taking two connecting Southwest flights to Austin. At some point, normal life must resume with adequate protection against a respiratory virus. Diane will have her mask and faceshield as protection while traveling.

With Diane away from the GFRC office, more admin tasks will slow me down just a tad. I plan to work long hours as there is no one here to remind me to take a break... Don't be surprised to see new offerings posted to the price list at all hours of the day.

Monday brought the purchase of yet another CAC approved coin deal from a GFRC client. The lot was transferred at the Manchester show with my offer accepted last evening. I'm hungry for quality CAC approved coins if priced fairly. Attempting to increase CAC approved inventory to a constant 350 coins has proven to be impossible due to the fast paced sales rate. I will keeping working at this challenge.

Southern Maine weather will be unsettled during the next 48 hours with rain arriving tomorrow. I could not be more pleased. Once the clouds and rain clear out, temperatures will drop into the mid-50s on Thursday and Friday but with bright sunshine. With the upcoming sunshine, I'm planning to keep the wood stove idle until Diane returns to the homestead.

 

Announcing the Iowa Collection II E-Bid Auction

For the past several weeks, I've been hinting at a substantial Liberty Seated coinage collection being transferred to GFRC. This collection will be the first major GFRC E-Bid Auction to employ Matt Yamatin's automated application.

I'm pleased to report that the Iowa Collection consignor has selected GFRC to conduct the sale of his second Liberty Seated quarter collection offering. To say that this client is a passionate collector is an understatement. After selling his marvelous CAC approved Liberty Seated quarter collection during May 2018, Doug suffered a terrible case of seller's remorse. Within six months of the sale, I received a phone call asking for help to locate and rebuild his sold collection. This we did during 2019 and through most of 2020. Recently, another phone conversation brought the desire to again sell his latest accomplishment for raising life's working capital.

The Iowa Collection II sale will be conducted via GFRC's E-Bid Auction service during late October. The collection is replete with CAC approved offerings that should garner a substantial amount of attention inside and outside the GFRC community. Once the auction date is set, it will be first announced in the Blog and via a CDN Publishing email blast.

It is my honor to share the upcoming contents of the Iowa Collection II Sale. As with all forthcoming GFRC E-Bid Auction sales, the First Right of Refusal option is not available. Just remember to bid often and strong!

Iowa Collection II - Liberty Seated Quarters - E-Bid Auction Sale

1838 PCGS VF25 CAC  #30694815
1839 PCGS AU50 CAC #20792631
1840 PCGS XF40 CAC #84308824
1840-O Drapery PCGS VF20 CAC #26340728
1841-O PCGS XF40 CAC #84305102
1842-O PCGS XF45 CAC #38189220
1843 PCGS XF40 CAC #24827090
1844 PCGS XF 40 CAC #29799226
1844-O PCGS XF45 CAC #28660427
1845 PCGS VF25 CAC #38220411
1846 PCGS XF45 CAC #30509980
1847 PCGS XF45 CAC #31944271
1847-O PCGS XF45 CAC #38189186
1848 PCGS VF35 CAC #81633069
1850 PCGS XF45 CAC #38189189
1851 PCGS XF40 CAC #80668416
1851-O PCGS VF30 CAC #34114528
1853 PCGS AU58 CAC #35878873
1853-O PCGS XF40 CAC #34642348
1854-O PCGS AU50 CAC #24593459
1855 PCGS AU53 CAC #38189200
1856 PCGS XF40 CAC #36906105
1856-S PCGS F15 CAC #34513168
1857 PCGS AU55 CAC #20850407
1858 PCGS AU53 CAC #29159008
1858-O PCGS AU50 CAC  #38189167
1858-S PCGS F15 CAC #34200348
1859 PCGS AU55 CAC #81645360
1859-O PCGS XF40 CAC #37955098
1859-S PCGS VF35 #38919867
1860 PCGS AU55 CAC #15332177
1861 PCGS AU50 CAC #37268659
1862 PCGS VF35 CAC #29901364
1862-S PCGS XF45 CAC #29902742
1864-S PCGS XF40 CAC #38998615
1865 PCGS VF25 CAC #18323343
1865-S PCGS XF45 #08690177
1866 PCGS VF25 CAC #38189182
1866 PCGS F12 CAC #80670240
1866-S PCGS VG10 CAC #81734995
1867 PCGS VF35 CAC #38189132
1867-S PCGS VF 25 #26086606
1868-S PCGS VF30 CAC #37955099
1869 PCGS VF25 CAC #38189135
1869-S PCGS VF30 CAC #30446529
1870 PCGS XF40 CAC #38189137
1871 PCGS VF35 CAC #38189139
1872 PCGS VF35 CAC #31627229
1872-CC PCGS G6 CAC #26840147
1872-S PCGS F15 CAC #80670233
1873 NA PCGS XF40 CAC #32216643
1873-S PCGS XF40 #08841149
1874 PCGS XF45 CAC #28447429
1874-S PCGS VF35 CAC #29768159
1875 PCGS AU58 CAC #26313208
1875-CC PCGS AU53 CAC #37744131
1875-S PCGS AU58 CAC  #24016795
1876-CC PCGS VF35 CAC #38189151
1877-CC PCGS AU50 CAC #38189081
1877-S PCGS AU55 CAC #38207227
1878 PCGS AU55 CAC #13987697
1878-CC PCGS AU58 CAC #30001421
1878-S PCGS XF40  #80655394
1878-S PCGS F12 CAC #81058263
1879 PCGS AU55 #33994444
1885 PCGS VF35 CAC #38037395
1888-S PCGS XF45 CAC #20561029
1891-S PCGS XF40 CAC #29768166

 

Manchester NH New Purchases and Better Date Liberty Seated Dollars

The Manchester NH Coin Expo turned out to be a strong buying show if one had the resources to pursue quality CAC coins. Monday brought the posting of some quality U.S. gold offerings with most selling immediately. Today brings silver type pieces that have been posted to the price list. I've gone with JUST BUY IT NOW recommendations for the 1876 PCGS MS64 CAC quarter and the 1895 PCGS MS64 CAC Barber half.

But first a two piece Liberty Seated dollar consignment arrived the day before departing for the Manchester show. This consignment features two better date Seated dollars graded PCGS AU55. The 1850 date is elusive with a tiny mintage of 7500 pieces. CAC approval rewards the strict originality and eye appeal. The 1864 date is popular as issued during the Civil War with nearly all being exported. Both pieces offer mirrored fields and light toning.

Better Date Liberty Seated Dollars to Consider

1850 PCGS AU55 CAC $1                                                         1864 PCGS AU55 $1      

    

 

More CAC Approved Manchester NH Coin Show Purchases

1876 PCGS MS64 CAC 25C                                                         1895 PCGS MS64 CAC 50C

    

1908 No Motto NGC MS62 CAC Fatty G$20

 

Global Financial News

Global equity markets are mixed to start the day. China markets have been closed due to a national holiday celebrating the birth of the country under communist party rule. Europe and U.S. market futures are down slightly. Following are market futures courtesy of Seeking Alpha.

In Asia, Japan 0.5%. Hong Kong 0.9%. China closed. India 1.1%.

In Europe, at midday, London -0.5%. Paris -0.2%. Frankfurt -0.2%.

Futures at 6:20, Dow -0.1%. S&P -0.3%. Nasdaq -0.4%. 

Spot gold trading appears to have settled down above the $1900/oz level. The current quote is $1916/oz.

Crude oil pricing is inching upward at $39.59/bbl.

Interestingly and on a positive note, the 10 Year U.S. Treasury yield has risen to 0.76% and a sign of investor optimism with risk-on investments.

This morning's Seeking Alpha headlines are quiet with nothing worth sharing.

 

Wrapping Up The Blog

The 8:00 AM publishing time is approaching and best to wrap up at this point. Buddy the Dog must be taken outdoors for his morning routine before I hit the shower and get into the shipping department.

Please keep checking the Blog and price lists as I will be posting more new purchases and consignments on a steady basis during the coming week.

Tomorrow's Blog will focus on the new E-Bid Auction application with usage explanation and several screen captures. You should definitely plan to visit this edition.

See you tomorrow at the Blog. Be careful and safe!

 

 

 

 

October 5, 2020

Maine Autumn Foliage Transition Report

and

Great U.S. Gold New Purchases from Manchester NH Coin Expo

 

Greetings on a Monday morning and welcome to more personal and numismatic ramblings. I'm glad that you are stopping by!

Sunday brought a long day in the GFRC office.

After completing the Blog, the time arrived for a FaceTime call with Matt Yamatin. We conducted a thorough review of the GFRC E-Bid Auction application. Matt gave Diane and I the challenge to submit bids on a trial lot towards "breaking the system". This we did and located one software bug that was resolved during the call. Overall, the new auction service fits seamlessly into the GFRC website and will be a fantastic addition to our consignor sales offerings. Being able to conduct spontatenous auctions with a few markers in the COIN database opens up all types of sales event possibilities. In Wednesday's Blog edition, I will present the new E-Bid Auction application with several screen captures and a brief tutorial. My plan is to hold a small no reserve auction (inexpensive coins) in the next ten days to exercise the system and have the community feel comfortable before moving towards a major auction offering by end of month.

After the conference call, it took several hours to merge Manchester show inventory with that left behind in the office safe. Afterwards, much of the day was dedicated to packing and shipping as there was a huge backlog that could not be completed during Monday morning. The sun managed to break through the clouds for an hour after Sunday lunch time. That meant a quick photography session for U.S. gold that was acquired at the Manchester show. Those pieces are featured in a new gallery later in today's edition.

The planned leaf blowing project just did not get done on Sunday due to the shipping workload. Instead, I took a short office break and walked the back trails to the natural spring. Deer tracks were seen as I headed down the hill. The trails are now covered with leaves bringing about a pleasant hiking experience. Sadly, the natural spring is not active with the water level in the pool receding. While hanging out at the spring, a nearby owl was hooting a long song to the forest.

 

Maine Autumn Foliage Transition Report

Sunday brought a mostly cloudy day but that short interval of sun was an opportunity to snap a coastal horizon image for the weekly Autumn 2020 foliage updates. Below is that image.

The color intensity difference between September 27 and October 4 is dramatic. Clearly, the mid-week windstorm took its toll on the maples and ash trees. The mightly oaks still remain green and are just beginning to show late autumn brown colors.

On a positive note, the cool temperatures and recent rain has brought grass seed germination along with a variety of native weeds. The seeded areas in front of the settler's stone wall had taken on a notable green shade.

 

Southern Maine - Autumn 2020 Foliage Status

October 4, 2020

September 27, 2020

September 20, 2020

September 13, 2020

 

Great U.S. Gold New Purchases from Manchester NH Coin Expo

GFRC was an active buyer at the Manchester show with ample funds to spend on acquisitions that met our quality and profit margin requirements. Dan and I could have spent much more but availability is always the issue.

Following are some great new U.S. gold offerings that will be reaching the price list in the next 24 hours. The 1813 Capped Bust $5 half eagle brings outstanding eye appeal as the opening highlight. A base layer of green gold is covered with orange-gold patina on well preserved surfaces. The 1849 $2.5 quarter eagle is a rarity at the AU58 grade level with few finer when considering CAC approval. Though a Philadelpia struck date, availability is consistent with southern branch mint strikes. Already, there are three First Rights of Refusals. The two Indian gold pieces brings a dramatic color contrast to this gallery. The 1913 $2.5 illustrates the appearance of rose-orange gold as compared to the 1911 $5 green-gold coloring. Both are near-gems for the grade and will not last long on the price list.

Great U.S. Gold from Manchester NH Coin Expo

1813 PCGS AU50 CAC G$5 - What Eye Appeal!

 1849 NGC AU58 CAC G$2.5                         1855 NGC MS61 CAC G$2.5                         1869-S NGC AU55 G$2.5    

            

 1913 PCGS MS63 CAC OGH G$2.5                   1911 PCGS MS63+ CAC G$5    

      

 

Get Ready for a Wave of New Price List Postings This Week

The next two weeks will bring a substantial amount of new price list offerings. Leading the wave will be a small Seated dime lot from the Cleveland Collection followed by the long overdue "Top of the Ladder" offerings from the White Pines Collection. Right behind White Pines is a large and broad based PCGS AU58 consignment from the Twin Lakes Collection. These three lots amount to 65+ new coins. All will reach the price list this week, so please be prepared including checking the Blog each morning and everning. Past First Right of Refusals for the White Pine offerings have been recorded and will be honored.

 

Global Financial News

Optimism continues across global financial markets regardless of reports of resurging Covid-19 infection rates in Europe and the United States. All equity markets are flashing green futures as the Blog is written. The following market futures are courtesy of Seeking Alpha.

In Asia, Japan +1.2%. Hong Kong +1.3%. China closed. India +0.8%.

In Europe, at midday, London +0.7%. Paris +0.9%. Frankfurt +0.7%.

Futures at 6:20, Dow +0.6%. S&P +0.6%. Nasdaq +0.8%.

Spot gold is priced at $1904/oz while crude oil remains at its lower range; the morning quote is $38.32/bbl. The U.S. 10 Year Treasury bond yield has increased to 0.714%, an indication that investors are back in a risk on mood.

There is nothing of interest within the Seeking Alpha headlines this morning.

 

Wrapping Up The Blog

Thank-you for visiting with me on a Monday. It is best to end here and focus on the last of the morning's shipping along with a CAC submission.

Look for today's U.S. gold to reach the price list by the afternoon hours.

See you tomorrow morning at the Blog.

 

 

 

October 4, 2020

Automated GFRC E-Bid Auction Application is Complete

and

A Great Manchester NH Coin Expo

 

Greetings from the Raymond GFRC office and welcome to a Sunday Blog edition.

Now that I am back home, the day starts early at 5:00 AM. There are no Covid-19 concerns as I have a hot cup of coffee along with fresh fruit and cereal as an early breakfast. I'm pleased to be in my comfortable office chair and composing a regular Blog edition. The Blog is not something that can be rushed as was the case while at the Manchester Coin Expo.

I returned home too late on Saturday to snap an image of the coastal horizon and the Autumn 2020 foliage status. This will be done today and featured in Monday's edition.

Maine autumn weather continues to be seasonal. The upcoming seven day forecast calls for dry conditions with high temperatures in the low to mid 60s along with overnights in the mid 40s. As long as the days remain sunny, there will be no need to start the wood stove. History suggests that the stove becomes active around October 15. An earlier start brings overheating of the homestead due to the super insulated walls.

Today brings two primary tasks. First is merging and repositioning the Manchester Coin Expo show inventory with the remaining inventory in the office safe. Plastic sleeves must be placed on the holders as part of the process. New show purchases must be located within the inventory boxes and set aside for photography. A portion are heading to CAC on Monday. The second task is the first leaf blowing of the season. There are enough leaves on the ground to justify several hours of clearing effort.

 

Automated GFRC E-Bid Auction Application is Complete

Matt Yamatin has done it again! The development of the GFRC E-Bid Auction software application has been completed. Diane and I will have a 9:00 AM meeting with Matt to review the application and its operation. Consistent with other GFRC software development efforts, Matt first studies the business work processes and adapts his software to simplify and automate those processes. This approach is so refreshing as compared to mass market software that forces business processes to adapt to the software's structure. Numismatic software is an example. Many dealers operate the same basic website software platform that was developed by a larger firm. Sure, the "front-ends" are visually customized to appear unique for each implementation. However, the core website operation is identical. A tour of online dealer websites will reinforce this point.

At GFRC, the entire software platform has been custom development by Matt Yamatin to capture my work processes. We focused on presenting collectors with a unique and highly efficient portal for their numismatic hobby. The same will be found with the new GFRC E-Bid Auction application. The auction format is directly integrated into the existing GFRC website software. If you like the look and feel of the For Sale lists, the Sales Archives, and Open Set Registry, you will be immediately comfortable with the E-Bid Auction platform.

The first major GFRC E-Bid Auction offering will take place in about three to four weeks. I will be coordinating the transfer of this substantial Liberty Seated coinage collection this week. Once the coins are in-hand, a formal announcement and full listing will be shared in the Blog.

 

A Great Manchester NH Coin Expo

Past history at the Manchester NH Coin Expo suggests a "tire kicker" day on Saturday. The local crowd comes to the show as something to do on a Saturday morning.

This was not the case yesterday. Attendance was light but those who did attend were on a mission. GFRC's "yield" was 100%. Those who came to the table to view our broad based inventory bought coins. Dealers stopped by to make purchases too!

As I entered Manchester sales into the COIN system before breaking the booth down, it was noted that show sales were almost exclusively four figure coins. Clearly, collectors were on a mission to add top quality high grade pieces to their collections.

The following is an excerpt from a feedback email that arrived late Saturday. The Massachusetts Collection consignor had visited with GFRC and retrieved the 1864-S PCGS MS64 Seated dime from my core date and mintmark set. He was truly enthralled with the purchase and reinforced this point in the email along with sharing his observations about the GFRC presence at the Manchester show.

Hi Gerry:

I was very pleased with my whirlwind trip to Manchester.  I needed to escape MA for a day.

The 1864-S Liberty Seated Dime is even more perfect than I had ever imagined. I cannot even imagine how superior your 'sick' new 1864-S must look like.
Maybe .....I might see it some day??

The coin show was humming a bit, but you and Dan looked like the only national dealers with the blue aprons and the great positioning.

The rest of the floor was rather spread out and some 'names' were there, but you had by far the best material across the spectrum of 19th Century coinage. Others had just assortments of unfocused menageries.........IMHO. Your aprons stood out royally.

Lastly, the Manchester show was great as a chance to hang-out with Dan White. Many at the show thought we were brothers. Dan and I share the same passion for coins. Working together, our purchase decisions are much improved as we bring different perspectives to the acquisition process. Dan sees rarity and value while I see how well a coin will photograph and be marketable online. There were serious 2021 business discussions in our hotel room also. Blog readers will just need to keep watching this duo during the upcoming year to learn of our forthcoming plans.....

 

GFRC's November 2020 Gobrecht Journal Advertisement

Upon returning home from the Manchester show, one would think that I might slow down and take the evening off. Wrong!

The October 1 deadline for submitting the full page GFRC Gobrecht Journal ad has come and gone. There was an email from editor Bill Bugert wondering what was going on since I had never missed a submission deadline.

After taking a 15 minute "tequila" pre-dinner break, I was back at the laptop designing a new GFRC full page advertisement with emphasis on the upcoming E-Bid Auction service and the new tag line, "No Buyer's Fee... Imagine That!"

Following is the full page ad that will appear in the November 2020 Gobrecht Journal. Once this deliverable was completed, I went to bed. It had been a long day.

GFRC's November 2020 Gobrecht Journal Ad

 

Wrapping Up The Blog

Thank goodness there is no shipping on a Sunday morning! The accumulated pile of check payments will translate into a long packing and shipping event tomorrow morning. Instead, my first task in getting inventory sorted out and back into the safe before the 9:00 AM call with Matt Yamatin.

I hope you've enjoyed this Blog edition. Thanks for checking in on a Sunday morning!

 

 

 

October 3, 2020

The Coin Market is Back at Manchester NH Show!

and

Dan White Adds Special Piece to His Collection

 

Greetings once again from Manchester NH and welcome to the Blog on a Saturday morning.

My apology for the delayed publishing time for today's edition. The Blog is being composed from the Manchester bourse floor rather than awaking early and writing in the hotel room. We had already awoken early and needed more sleep. Dan new home in Essex CT is still a learning process for himself and Rose Marie. At 4:00 AM, Dan cellphone went off with a call. The home alarm system was beeping and Rose Marie was unsure of the cause. It turned out to be a low battery in one of the smoke alarms.

 

The Coin Market is Back at Manchester NH Show!

Yes indeed, the coin market is back at the Manchester NH Coin Expo. Friday's selling and buying were well above expectations.

Our Friday started well during opening time with early birds working the bourse floor. Within minutes, GFRC had recorded nearly five figures in sales as the U.S. gold cases received prompt attention. It felt good counting out thousands in one hundred dollar bills.

The bourse opened promptly at 10:00 AM with a light initial crowd. But attendees kept streaming in throughout the morning. Overall, attendance was light to moderate but those who attended were serious about buying. I'm never seen such a high "yield" at the GFRC table. "Yield" being the number of customers who bought a coin divided by the number of customers who approached the tables and asked to see a coin. What a joy to be servicing the needs of serious collectors.

Helping sales was GFRC's huge and broad based inventory. During the half year between the Atlanta Spring ANA and Manchester, my inventory has expanded with larger selections of Seated and Trade dollars along with early Drap Bust dollars. GFRC sold coins across all product lines, from half dimes to U.S. gold. When the day wrapped up, the single day sales tally was well into the five figures.

But sales are only half the story....

GFRC also had a fantastic buying day. Dan White spent a considerable amount of time walking the bourse and searching out top quality coins with the usual emphasis on those with CAC approval. Dan located a collector/dealer who had not done a show in decades and had decided to sell his collection. His coins were premium items leading to several large GFRC purchases. GFRC also stayed connected with a favorite wholesaler for CAC approved gold. By the end of day, we had purchased five quality pieces from this individual. GFRC customers also appeared wishing to sell coins and we bought at fair prices.

Following is a list of Friday's new purchases. A subset will be heading to CAC on Monday including those from the collector/dealer as his coins were so fresh to the market.

Early Copper 1c: 1793 Wreath PCGS VG10, 1801 1/000 NGC F12

Capped Bust 5c: 1831 PCGS MS61 Rattler

Seated 10c: 1839 PCGS MS63 brilliant frosty luster; 1853 Arrows NGC MS63 frosty luster, both heading to CAC

Seated 25c: 1876 PCGS MS64 CAC gem with unabraded brilliant frosty luster

Barber 50c: 1895 PCGS MS64 CAC beautiful toning

Flowing Hair $1: 1795 Two Leaves B-4 BB-14 PCGS VF30 gorgeous original cameo gray, heading to CAC!

Morgan $1: 1881-S PCGS MS63 with gorgeous gold and peripheral blues

$2.5 U.S. Gold: 1849 PCGS AU58 CAC rare date; 1855 NGC MS61 CAC; 1913 PCGS MS63 CAC so choice

$5 U.S. Gold: 1813 Capped Bust PCGS AU50 CAC; 1911 PCGS MS63+ CAC rich orange-gold

$20 Gold: 1908-D No Motto NGC MS62 CAC with a low CAC population

Commentary about Covid-19 precautions is warranted. I've never used so much hand sanitizer in my life! After every coin being shown or a completed purchase, I immediately squirted a shot of Purell as habit. Mask and glasses were always used.

What shocked me were several collectors wishing to shake my hand after a purchase. Where have these people been?

 

Dan White Adds Special Piece to His Collection

Also purchased on the Manchester bourse floor but not heading into GFRC inventory was a special acquisition by Dan.

Dan located an 1787 Fugio cent graded PCGS MS64BN UNITED STATES 4 Cinq with CAC approval. This is a magnificent piece struck from heavily clashed dies. All obverse devices are fully impressed on the reverse. Though graded Brown, the piece still has light red surfaces.

Congratulations go out to Dan for this purchase.

 

Wrapping Up The Blog

Let's end the Blog at this point as Dan is already working the bourse floor and I need to shift attention to early bird business and overnight Collectors Corner orders.

Yes, the U.S. coin market is alive and well.

Dan and I are discussing a potential larger GFRC display at the upcoming FUN show, if the event takes place. Stay tuned for more details during the month of October.

Tomorrow brings a Facetime session with Matt Yamatin to go through the new GFRC E-Bid Auction software module. I've received the contents of a special collection that will be auctioned during the third week of October. More details are forthcoming this week.

These are exciting times for the GFRC business.

Thanks for checking in!

 

 

 

October 2, 2020

Quiet Setup Day at Manchester NH Coin Expo

and

GFRC E-Bid Auction Software Announcement on Monday

 

Greetings from Manchester NH and welcome to the Blog on a Friday morning.

Today's edition is a tad late due to being initially composed in a hotel room followed by the balance from the bourse floor. Your understanding of the delayed publishing time is appreciated.

It is great to be hanging out with Dan White again after being apart since late February. Dan drove up from Essex CT to help with table setup and walking the floor early. The GFRC duo was back together on a bourse floor.

We are taking precautions and just staying in our hotel room while not on the bourse floor. Both of us brought ample amounts of food for meals through Saturday lunch. The Cassamigos Reposado tequila was particularly enjoyable last evening along with sandwiches and chocolate covered nuts.

 

Quiet Setup Day at Manchester NH Coin Expo

Once again, my kudos go to Ernie Botte. Ernie is one of the best coin show promoters in the business and the primary reason that GFRC decided to attend the Manchester NH show. Ernie is an individual who cares about the well being of every dealer on the bourse and has a keen eye for small details.

Dan and I arrived to our table with the correct amount of pre-orders cases and lights. Your blogger quickly realized that six cases would not adequately house ten double row slab boxes. We approached Ernie for an additional case. He was initially sold out but the no show of a dealer with six rented cases brought us an all important seventh display case.

There is no question that GFRC has the finest display on the bourse. Dan noted the improvements during setup as did several other dealers who stopped by to chat.

Speaking of chatting, it is a difficult process given face masks. One has to speak in a louder voice to be heard across 6' of social spacing. Case in point was a small CAC deal done with one of my favorate New England wholesale dealers. I picked four gold coins from his case and asked for price quotes. He rattled off the quotes which were written on stickers. I took the coins to the GFRC table for due diligence checking. Clearly, I had heard wrong on one of the coins as the price was too low for the date and grade. In the end, I purchased three of the four pieces including the one with the initially incorrect low price.

Overall, the Manchester NH setup event was quiet. Few dealers made the rounds. Most remained at their tables. Dan and I individually walked the bourse and found little of interest other than that CAC gold deal.

Below is a fresh snapshot on Saturday morning. Already early birds are attracted to the GFRC table given the huge display of quality coins.

GFRC Table 801 - Manchester NH Coin Expo

 

GFRC E-Bid Auction Software Announcement on Monday

Please make sure to check the Blog on Monday morning for an important announcement. Matt Yamatin has completed software development to enable GFRC's new E-Bid Auction service.

A Facetime call is schedule for Sunday morning to review the E-Bid Auction software and operations. Once Diane and I are comfortable with this software module and interfaces, the formal announcement with screen capture images will be shared. Knowing Matt's prior development efforts and keen attention to detail, I'm comfortable with today's preview announcement.

 

Wrapping Up The Blog

Much of today's edition has been written from the bourse with early bird customers circling the table. It is best to wrap up quickly to shift attention to overnight Collector Corner orders.

Thanks for checking in. Dan and I plan to be careful and safe today. We hope that everyone is the GFRC community also stays vigilant.

 

 

 

 

October 1, 2020

Manchester NH Coin Expo Arrives

and

Dan White Makes New England Coin Show Debut

 

Greetings on the first day of October and welcome to the Blog. Thanks for checking in.

September was a roller coaster month in terms of sales. There were sleepy periods where orders trickled in along with days with non-stop emails and phone calls. I'm pleased to report that GFRC somehow managed to achieve it September business forecast that was set back in December 2019 before the Covid-19 pandemic. The Black Point Collection consignment was a godsend towards this achievement and the reason I worked tirelessly to take this consignment to market in just 72 hours. Most of the Black Point Collection pieces have sold with several Carson City Trade dollar dates still available (1873-CC, 1874-CC, and 1877-CC). These will be available at the Manchester NH show.

Why is making a business forecast so important? Call it principal and years of training in the semiconductor industry. Successful people finds ways to honor their commitments. It is that plain and simple. Those that know me well understand that I am not political and very focused on achieving my commitments. If my gut tells me that I can't meet a request (or have no desire to entertain that request), I will respond accordingly.

 

Manchester NH Coin Expo Arrives

The time has arrived for GFRC to travel to Manchester NH in a few hours.

Most of Wednesday afternoon was dedicated to show preparations. After months without coin shows, the office procedures had changed. Coins on hold were just left in the inventory boxes and pulled for shipment when payment arrived. That approach works great if not attending coin shows. Now that I'm back on the coin show circuit, all of those coins on hold must be pulled from inventory before selecting those items that will be on display at Manchester. Selling a coin at a coin show that is on hold for a customer is a terrible mistake and leads to an unpleasant conversation either at the coin show (sorry, coin is on hold and I screwed up) or afterwards, if I don't cath the mistake and sell the coin on the bourse floor. Therefore, this sorting process was the first step to "normalcy".

Once the Manchester inventory was selected, pricing stickers were added to the more recent acquistions and consignments. Again, when not attending coin shows, there is no need for a pricing sticker on a holder.

Bottomline, GFRC is packed and ready to go to Manchester NH in a few hours. I'm bringing 650 quality pieces to the show and will have the most comprehensive offering of U.S. early type and gold on the bourse. The table aprons are packed along with business cards, display case liners etc.

Fortunately, the Tenafly Collection consignor sent along an email last evening reminding me to bring my Chinese jade good luck charm. Without his thoughtful reminder, I would have left it behind. I could not be more blessed with such great friends and support.

 

Dan White Makes New England Coin Show Debut at Manchester!

I'm pleased to announce that my regular coin show tablemate and U.S. gold specialist, Dan White, will be attending the Manchester show. Those details were finalized just yesterday. Due to age, there were concerns with Dan doing the show. However, we plan to take the utmost precautions while on the bourse, and just staying isolated in the Double Tree hotel room after show hours close. We are bringing our own food and a fine bottle of Casamigos Reposada tequila for comfort after a long day on the bourse.

The Manchester NH show will be the first time that Dan appears at the GFRC table in New England. Of course, Dan is my ongoing table assistant at all the national shows.

 

Coastal View after the Windstorm

Wednesday wind storm was widespread and reached into Connecticut. Dan reported losing power in Essex along with his patio table umbrella finding its way into his swimming pool.

Back at the Maine homestead, the winds stripped a fair portion of the autumn foliage. The coastal color density is now muted. The front landscaping is covered with leaves and pine needles.

I took a quick walk within the back lot trails to check on the natural spring. The trails were so pretty as covered with red, yellow, and green leaves along with acorns when a trail passes under an oak tree. The spring remains unactive due to the drought.

Southern Maine - Autumn 2020 Foliage Status

October 1, 2020

 

Global Financial News

Optimism has returned to global equity markets while the Japanese Nikkei exchange suffers a total shutdown.

A look at morning market futures, courtesy of Seeking Alpha, indicates a full point gain at opening time for U.S. equity markets. Why the sudden shift in trader sentiment? Firstly, we are at the start of the final quarter of 2020 with the U.S. economy continuing to rebound from Covid-19 shutdowns. Additional commentary can be found after the market futures.

In Asia, Japan closed. Hong Kong +0.8%. China -0.2%. India +1.7%.

In Europe, at midday, London +0.9%. Paris +0.6%. Frankfurt +0.1%.

Futures at 6:20, Dow +1%. S&P +1%. Nasdaq +1.2%.

Traders appear to be betting on a better October for the market as futures rally against the backdrop of stimulus talks and the signing of a stopgap bill to avoid a U.S. government shutdown. Dow and S&P 500 futures are ahead by 1%, while contracts tied to the Nasdaq are 1.2% higher, following a session yesterday that ended in the green. While House Democrats initially aimed to pass their roughly $2.2T rescue legislation Wednesday night, they called off the vote to allow more time for bipartisan talks. Some investors are also hopeful that the recent economic rebound will result in corporate earnings that beat expectations when companies start reporting Q3 results later this month.

Japan suffers its worst trading exchange breakdown due to computer hardware issues.

No trading in Tokyo. The world's third biggest exchange suffered its worst outage ever on Thursday, taking trading offline for the day and casting a spotlight on the bourse's Arrowhead computer system developed in collaboration with Fujitsu. The outage was attributed to a hardware breakdown involving transmitting price information, while the switch to backup hardware didn't take place properly, leaving the market unable to function. "We apologize to investors and market participants for causing disruption," Tokyo Stock Exchange said in a statement, adding that it aims to resume trading as normal on Friday after replacing hardware.

Spot gold pricing starts the day at $1901/oz while crude oil is quoting at $39.87. On a positive note that matches upbeat investor sentiment, the 10 Year U.S. Treasury yield has moved up to 0.7%

 

Wrapping Up The Blog

Let's end the Blog at this point as I need to quickly get moving with the last of the Manchester show packing plus getting a few shipments out the door.

Thanks for stopping by at the Blog. Friday's edition will be composed from Manchester and will discuss happenings during dealer setup and initial wholesale trading.

See you tomorrow! Be happy, safe and well.

 

 

 

September 30, 2020

Vigorous Black Point Collection Debut

and

Packing for Manchester NH Coin Expo

 

Greetings and welcome to the Blog on a Wednesday morning. Let's hope the power stays on long enough to complete this edition.

Yes, the winds are howling and rain is falling as dawn arrives. The arrival of a brief period of heavy rain is a godsend during drought conditions. The 20 mph winds, unfortunately, will strip the maples of their beautiful autumn foliage and quickly bring an end to the colorful southern Maine foliage display. Remaining for the color transition will be the mighty oaks. However, their coloring is mostly a pale brown and nowhere as pleasing as the maples and birches. This fast paced storm is due to move out of the region by noon time allowing sunny skies to return. I will snap a quick coastal horizon image to document the impact of a single heavy wind event during the near peak point of foliage season.

Tuesday brought non-stop action to the GFRC office. It felt like someone flicked on the order switch bringing Sleep September to an end. A host of email and phone call orders appeared throughout the day while writing Black Point Collection descriptions. By 4:30 PM, the office was closed allowing Diane and I to prepare for and drive to Auburn for celebrating her birthday with a fantastic seaford dinner and bottle of wine. Fishbones in the old Bates Mill was the venue. Since not having dined out for months, we were in awe of the food quality as compared to our daily outdoor grill diet. The last thing either of us planned to order was salmon!

Upon returning home, the office was reopened with more orders and consignments appearing. I worked until 9:30 and called it a day. The first presidential debate took place without the Fortins in the audience.

 

Vigorous Black Point Collection Debut

There has to be a better alternative to the current First Right of Refusal process. This fact became so apparent during the Black Point Trade dollar price list postings. In between wrting descriptions, courtesy emails were sent to those with FRoRs for play/pass decisions. Complicating the process were fresh orders from other individuals who had not employed the FRoR process. Throughout the day, I was fielding play and pass emails and keeping track of who remained first on which coins.

When the dust settled at the end of day, the Black Point Collection debut was a vigorous success! Of the eighteen pieces that were posted, ten are on hold. Several unsold Carson City dates will most likely be taken this morning by a new client. We have scheduled a 9:30 AM call to discuss the remaining Carson City dates after those individuals with FRoRs have weighed in.

The last four Trade dollar offerings will be posted this morning. Those are the 1877-S and 1878-S dates.

 

GFRC October Consignment Queue is Quickly Filling In!

The GFRC October consignment queue is quickly filling in!

Currently sitting in the queue are the White Pine "Top of the Ladder" consignment and a broad based forty piece PCGS AU58 consignment from the Twin Lakes Collection.

Newly arrived is a Liberty Seated dime consignment from the Indiana Collection. This lot was photographed on Tuesday and is die variety centric.

The AuburnNY Accordian Collection issued a pre-ship notice, on Tuesday evening, for a wonderful 20 piece consignment that consists of $10 U.S. gold and Liberty Seated dime die varieties. Of the twelvc $10 Liberty design eagles, six are CAC approved and should be in strong demand. The $10 gold denomination is at the optimum point between bullion and numismatic plays. Adding in CAC approval unleashes the numismatic demand.

Within two weeks, I am expecting a substantial Liberty Seated coinage consignment that will be sold via GFRC's new E-Bid Auction format. I'm playing this consignment close to the vest until the collection arrives into the office. Believe me, you will not be disappointed upon the full announcement and contents disclosure.

Finally, I am in discussions with a new client turned consignor concerning a thirty piece Barber coinage consignment. This potential offering consists of dimes, quarters, and halves with nearly all being graded EF45 through AU55.

 

Packing for Manchester NH Coin Expo

Come noon time today, my attention shifts to Manchester NH Coin Expo preparations. Not having done a coin show since February, I must be especially careful to pack all show accessories along with ten double row boxes of inventory. Adding to the complexity is Covid-19 items and food preparations. Being unaware of the restaurant restrictions in Manchester, I am planning to stay in the hotel room outside of show hours. Between writing Blogs and dealing with email orders, I should not be bored. Thursday evening's dinner will be sandwiches. I will probably do room service for Friday evening's dinner.

Staying healthy and safe are paramount during the return to the coin show circuit.

 

Global Financial News

U.S. equity markets were not impressed with Tuesday evening's presidential debate performances. The rancor and lack of substance is casting doubt on the election outcome and the potential for delay results and court fights. The following Seeking Alpha headlines summaries market anxieties and why market futures are showing a full point drop at the opening bell.

Election outcome uncertainty. If investors were hoping to get any economic clarity from last night's presidential debate, it was a total fail. Bickering, badgering and insults reigned through much of the hour-and-a-half political brawl that made it hard for either man to make a point, while odds increased that the coming election may not be decided for weeks or even months. Wall Street does not like uncertainty... S&P 500 futures fell 1% overnight as investors braced for heightened volatility in November and December. On the stimulus front, Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi are expected to talk again today despite skepticism on Capitol Hill that a deal is possible at this stage.

Following are market futures courtesy of Seeking Alpha.

In Asia, Japan -1.5%. Hong Kong +0.8%. China -0.2%. India +0.3%.

In Europe, at midday, London -0.3%. Paris -0.7%. Frankfurt -0.7%.

Futures at 6:20, Dow -1%. S&P -1%. Nasdaq -1.2%.

Spot gold pricing opens the day at $1889/oz after briefly trading above $1900/oz during overnight hours. Political uncertainties is not helping the crude oil market. Crude oil prices have dropped to $38.83/bbl. The 10 Year U.S. Treasury bond yield stands at 0.65%, another signal of growing uncertainties of election results.

 

Wrapping Up The Blog

Winds continue to howl as the end of today's Blog edition arrives. Sadly, the front landscape is covered with downed leaves. This means a leaf blowing session on Sunday upon returning from the Manchester show.

A quick check of the back acreage also revealed the impact of today's fast moving storm. Color density has been reduced due to the amount of lost leaves. Luckily, we have the Sunday Blog images as documentation of the 2020 foilage session.

Actually, I'm surprised with the lack of power glitches during Blog composition. It is best to not press my luck and hit the upload button.

Thanks for visiting with me on a Wednesday morning. There will be a regular Blog edition on Thursday morning and please check back. The first Manchester show report will be published on Friday morning.

Be happy, safe and well!

 

 

 

September 29, 2020

Black Point Trade Dollars Arriving to Price List

and

Happy Birthday to Diane!

 

Greetings on a foggy early Tuesday morning and welcome to the Blog.

Unlike other days, little is prepared for today's Blog edition. Monday brought a host of small activities and pricing approval for the fantastic Black Point Collection offerings. Small activities included changing out more dimmer switches, a health walk to the natural spring, a host of coin orders and pleasant conversations with clients, and wrapping up the day in the basement sound room with Natalie Merchant's Tigerlily. Tigerlily's studio recording quality is an absolute gem and worthy of multiple listening sessions.

The intense Autumn 2020 colors are unfortunately coming at a price. The drought is shortening the foliage season with maples already dropping their leaves. The driveway maple is nearly leafless before October 1. Maples in the back acreage are quickly following suit. Here is a snapshot taken on one of the Ledge Hill trails. The image is looking uphill where the trail has a bend to the right after the round boulder. Already, a substantial amount of maples leaves are on the ground. Sadly, the natural spring has stopped flowing water though the frog population remains pleased with its expanded watering hole. The second undeveloped spring is also dry.

Ledge Hill Trail Status - September 28, 2020

 

Black Point Collection Posting to Price List

Monday brought a well researched pricing session for the Black Point Collection offerings followed by quick pricing approval. After dinner, the three Capped Bust quarters were posted to the price list. The lead FRoR on both 1833 dated pieces made an immediate purchase decision. The 1837 B-1 ex. Jules Reiver quarter is still available.

Before launching on today's Blog composition, I managed to write descriptions for the 1873 Philadelphia and Carson City offerings. These are superb pieces for the grade. One must be in awe in how these pieces managed to stay so well preserved given their likely trips to China in the holds of sailing ships. Maybe these pieces were pulled early from the mintage and remained in the United States. If only these pieces could talk and tell their stories.

Once morning shipping is completed, I will load the balance of the Black Point Trade dollars to the price list. I expect most to be sold by end of day based on the substantial number of First Rights of Refusals.

 

Pulling Inventory for Manchester Show on Wednesday

In the past, preparing the GFRC business for a coin show was standard operating procedure. After a seven month hiatus, I'm concerned about forgetting items and will need to stay close to the check list to ensure all business enablers are transported along with Covid-19 protection. Wednesday afternoon brings an inventory selection session for the show. Twenty-two inventory boxes must be whittled down to ten transport boxes. Guessing what type of inventory is appropriate for each show is the challenge.

Already, a quality lot of CAC approved box of 20 type coins is being dropped-off for purchase at the show. Otherwise, the Manchester show is an opportunity to re-engage with fellow dealers and clients who will attend.

 

Happy Birthday to Diane!

September 29 is always memorable as Diane's birthday. A special happy birthday wish goes out to my wife of forty years. We never ever discuss a woman's age however!

While writing the Blog, we were treated to an early morning Facetime call with the Yamatin family to celebrate Diane's birthday. Matt, Chikae, and Natsumi are still residing in Tokyo but have good news. The Chinese government has granted them new entrance visas. Their flights are booked and they will be returning to China in a week's time. However, they must still go through a two week quarantine period in a sequestered Fuzhou province location before being allowed to fly to Beijing home.

 

Global Financial News

Tuesday brings mixed global market futures as U.S. stimulus talks continue. All eyes will be on this evening's presidential debate to gain a sense of political fortunes for either candidate. Following are market futures courtesy of Seeking Alpha.

In Asia, Japan +0.1%. Hong Kong -0.9%. China +0.2%. India flat.

In Europe, at midday, London -0.6%. Paris -0.2%. Frankfurt -0.4%.

Futures at 6:20, Dow flat. S&P flat. Nasdaq -0.1%.

Spot gold pricing has moved up to $1889/oz with some personal relief after taking a position at $1860. Taking a position in a downward moving trend is always a bit unnerving but technical analysis is proving to be solid guidance.

Crude oil stands at an improved $40.32 per barrel. With the Russian economy heavily dependent on oil exports, any discussion of a shift to renewable energy is political blasphemy. This Seeking Alpha headline captures a reaction from Russia's oil ginat Rosneft.

Shift to renewables. There's a growing divide between state-backed companies and oil majors that have helped shape the modern energy industry. Attacking their shift towards renewables, Russia's Rosneft lashed out at BP and Royal Dutch Shell for creating an "existential crisis" for oil supplies. "I think that to go away from your core business, which is what they are doing, somebody will need to step in... somebody will need to take that responsibility," Rosneft's Didier Casimiro told the Financial Times Commodities Global Summit. "It is an existential threat for supply. It is an existential threat for price volatility... we will have a [supply] crunch, price volatility, and yes higher prices."

 

Wrapping Up The Blog

The 8:00 AM publishing time has arrived and best to get another GFRC office day started.

Please watch the price list during early afternoon hours as the Black Point Trade dollars are posted. I hope to secure quick FRoR play/pass decisions.

Otherwise, the balance of the day will bring a few more random new offerings.

Thanks for stopping by at the Blog.

 

 

 

September 28, 2020

Manchester NH Coin Expo Week Arrives - GFRC at Table 801

and

Black Point Collection - An Awesome CAC Approved Trade Dollar Set

 

Greetings and welcome to the Blog on a Monday morning. It is difficulty to believe that the month of September wraps up in a few days!

A southern Maine day commences with the usual coastal fog blanket and a brief period of rain; can you image that? Though the weather forecast calls for unsettled weather through Thursday, rains will only be substantial from Wednesday afternoon into Thursday morning. We are in serious need of rain at this point. Even the natural spring's ground production has slowed to a trickle with so little moisture left in the ground.

 

Manchester NH Coin Expo - GFRC at Table 801

After not attending a coin show since the February Spring ANA, in Atlanta GA, GFRC will be traveling to Manchester this week for the NH Coin Expo.

The GFRC corner table will be positioned across from the digital entrance and will featured six cases packed with quality offerings. There will be a large number of CAC approved coins for consideration including 1.5 cases of U.S. gold. The GFRC table is easy to spot on a bourse floor due to the dark blue table aprons with gold lettering.

If wishing to see certain coins in GFRC inventory, please email me by end of day Tuesday. So far, I have two orders to be picked up at the show and no special requests.

Consistent with show regulations, I will be wearing a face mask and glasses at all times. Several hand santizer bottles will be available between cases for usage prior to handling GFRC holdered coins. Otherwise, it will be business as usual at the GFRC table.

At this point, I'm not sure what to expect for show attendance. The City of Manchester has discouraged a substantial advertising campaign to draw large crowds. Dealers will probably be buying like drunken sailors on an overdue shore leave. However, GFRC conducts mostly retail business with limited discounting abilities. Thursday's dealer setup, starting at 3:00 PM, should prove to be interesting.

The Manchester show is also an excellent opportunity for consignment transfers or exercising GFRC's 85% CAC coin buyback policy. I am aware of one potential CAC approved lot being offering to GFRC at the show. Hopefully, there will be more buying opportunities, though the bourse will be a competitive environment.

Please keep checking the Daily Blog for show reports starting on Friday morning!

 

GFRC at Table 801 - Manchester NH Coin Expo

October 1 - 3, 2020

 

Black Point Collection - An Awesome CAC Approved Trade Dollar Set

GFRC is pleased to be presenting an exceptional set of Trade Dollars for your consideration.

This set was transferred on Friday and photographed on Saturday. Eight hours were spent processing images on Sunday leading to this gorgeous Black Point Collection client gallery. Congratulations go out to the consignor for a sterling numismatic accomplishment. The Cleveland Collection said it well in a brief email on Sunday evening.

They're awesome!  Best I've ever seen offered for sale.

If all goes to plan, offer prices will be finalized today including the three Capped Bust quarters that were showcased within Sunday's Blog. Considering the extensive amount of First Rights of Refusal on the books, descriptions will be brief leading to price list posting later on Tuesday and into Wednesday. All Black Point lots will be shipped after the Manchester show as there will be insufficent time for courtesy Quick Ships due to show preparations on Wednesday.

Please enjoy this wonderful viewing experience.

 

Black Point Collection - An Awesome CAC Approved Trade Dollar Set

1873 PCGS AU58 CAC T$1                                                   1873-CC PCGS EF45 CAC T$1

    

1874 PCGS MS63+ CAC T$1                                                   1874-CC PCGS AU55 T$1

    

 1874 PCGS AU53 CAC T$1              1874-S PCGS MS62 Chop Mark CAC T$1               1875 PCGS VF35 CAC T$1

            

 1875-CC PCGS AU50 CAC T$1                     1875-CC I/II PCGS EF45 T$1                       1875-S I/II PCGS AU55 T$1     

            

          1876 PCGS EF40 T$1                     1876-CC I/II PCGS EF45 CAC T$1                 1876-S I/II PCGS AU55 CAC T$1

            

  1877 II/II PCGS MS63+ CAC T$1          1877-CC II/II PCGS EF40 CAC OGH T$1            1877-S I/II PCGS AU58 CAC T$1

            

          1877-S PCGS AU55 CAC T$1                   1878-S Large S PCGS 58 CAC T$1              1878-S Med S PCGS EF45 CAC T$1     

            

 

Global Financial News

Global equity markets start a fresh week on a strong upbeat note. Asia and Europe markets are in rally mood as economies are recovering from Covid-19 shutdowns. This enthusiasm is spreading to U.S. markets as futures indicate a full point gain at the 9:30 AM open. Following are market futures courtesy of Seeking Alpha.

In Asia, Japan +1.3%. Hong Kong +1.0%. China -0.06%. India +1.37%.

In Europe, at midday, London +1.3%. Paris +1.9%. Frankfurt +2.6%.

Futures at 6:20, Dow +0.9%. S&P +0.9%. Nasdaq +1.2%. 

Spot gold prices remain weak with the morning quote at $1855/oz. Crude oil pricing is flat at $39.92/bbl while the 10 Year U.S Treasury bond yield holds at 0.67%.

Japan leads the world in terms of indebtedness at 225% of GDP. However, that fact is not holding back the Nikkei 500 from reaching a new record on Monday Asia time.

Nikkei 500 runs to record high as Japanese economy shows improvement. Japan's Cabinet Office reports that the early preliminary reading for the Leading Economic Index for September was 86.9 to match consensus expectations. The broad measure of economic activity rose from a mark of 83.8 in August and 78.4 in July. The positive economic news helped push the Nikkei 500 to a record today in Tokyo as it finally topped the closing high from December of 1989. The broad-based Nikkei 500 is considered a better measure of overall economic activity in Japan than the oft-quoted Nikkei 225.

 

Wrapping Up The Blog

What a luxury to have the Blog completed by 7:30 AM!

I'm off to a quick shower followed by a morning consumed with the usual packing, shipping, and consignment check writing. Afternoon brings a Black Point Collection pricing session and COIN report to the consignor for his approval. Once that task is completed, I will review all FRoR emails and document who has first access on each Black Point offering in the database. Once the Black Point coins reach the price list on Tuesday, those with first priorities will be notified for play/pass decisions.

After the Manchester NH Coin Expo, my attention shifts to the White Pine Collection consignment followed by fresh PCGS AU58 offerings from the Twin Lakes Collection.

Consignments are always being solicited. Please email or call if considering the sale of a complete collection or a handful of duplicates.

See you on Tuesday morning at the Blog.

 

 

 

September 27, 2020

Maine Autumn Foliage Transition Report

and

Black Point Collection - Special Capped Bust Quarter Offerings

 

Greetings on a peaceful Sunday morning and welcome to the Blog. I'm pleased that you could stop by for a visit.

Another day starts early at 5:00 AM. As the Blog is composed, darkness gives way to light and exposes coastal fog. The weather forecast indicates another beautiful autumn day with a high temperature of 77F. There is a strong probability that I will be working on the Ledge Hill trails during the morning hours. Each work session brings a smoother hike to and from the natural spring. Surface rocks must be removed, trail divots filled in, and bare roots cut. The chain saw may also appear to start cutting firewood for upcoming 2021-2022 burning seasons.

Today's GFRC priority is completing the Black Point Collection's Trade dollar set images. This effort should produce a wonderful Monday client gallery and enable one last sales flurry before September comes to a close.

Before going further, let's share an additional email from Jim Macor. Jim's email captures my view of living a life as aging progresses. The Daily Blog has become my personal lifestyle and a vehicle for sharing happiness with daily activities.

Hi Gerry,

Your blog article and knowledge of "colored gold".... I hope elicits a lot of feedback. One thing I noticed in the $20... variable tones... sometimes a treat to see the alloy combinations... even.... "variable alloy mixture" in the same larger disc of the bullion. Saints for instance remind me of that feature.... but sadly lost for decades if dipped.

It is early autumn here in NJ... my favorite season. Gonna check your landscape photo tomorrow!

I have land just outside a stream bed that deters building and hundreds of acres beyond my 3.4 acres. And.... a beautiful large all black coyote that seems to like the property. Such a treat in life just to see it. Just to add.... I am a huge fan of the second amendment....but not a hunter. ...and have been feeding it!  .... all black coyotes are very very rare! Such a treat for me and my daughter to watch in daylight!

To point here, I enjoy your blog because "you live life!"... beyond coin collecting.... and "with the world around you." I have been to Maine several times in my life and painted pictures on the rocks of the harbors.

We all collect. Most precious is collecting the good memories of life, family, and the world around us.;

You teach this in your blogs... even if you don't know that. 

Be well Gerry and God Bless.

Jim

 

Southern Maine's Autumn 2020 Foliage Season Update

Documenting the Autumn 2020 foliage season in the Blog continues with today's update. Little needs to be said as the color progression brings about a host of tradtional autumn shades. Maples are now bright orange or red. Yellows are appearing in the landscape as the birches begin their transition. Only the mighty oaks remain green. The ground in front of the settler's stone wall exhibits brown-green coloring due to an extended timeframe without moisture. This may change starting Tuesday as several cloudy and wet days are in the forecast.

Per internet research, our homestead location should realize peak colors around October 18. I believe peak colors will be early this year and closer to October 10.

Please check the September 27 coastal horizon image carefully. It was taken at 2:30 PM. When looking at the horizon, there is a notable coastal fog bank that is already moving onshore. More on this topic shortly.

 

Southern Maine - Autumn 2020 Foliage Status

September 27, 2020

September 20, 2020

September 13, 2020

September 6, 2020

 

Coastal Maine Fog Bank Illustration

The following image was taken at 5:30 PM. The sun is quickly dropping in the sky leaving long shadows. Approaching the Fortin homestead is a typical late afternoon fog bank that is quickly moving inland. By 8:30 PM, the fog bank has moved 20 miles inland into the coastal foothills and engulfed our home.

 

Late Afternoon Coastal Fog Bank Approaching

 

 

Black Point Collection - Special Capped Bust Quarter Offerings

The last Blog segment of the day is a special gallery display of three wonderful Capped Bust quarters from the Black Point collection. The 1833 B-1 and B-2 specimens are a wonderful representation of the lone 1833 obverse die and its surface integrity progression. The B-1 image presents a perfection obverse die without anomalies and wear. Strike is crisp with bold devices and steely fields. The B-2 images captures the same obverse die during its late die state. There are pronounced die rust pits surrounding the date and on the lower bust. More pits are seen to the left of the nose and above star 8.

I hope that this amazing 1833 B-1 and B-2 pair are purchased by the same individual and kept together. The person with lead FRoR on these quarters has requested both. Let's hope he takes a bold step and decides to purchase the pair.

 

Black Point Collection - Special Capped Bust Quarter Offerings

1833 B-1 DS1 PCGS AU53 CAC 25C                                            1833 B-2 DS3 PCGS AU55 CAC 25C

    

1837 B-1 DS3 PCGS EF45 25C Ex. Reiver

 

Black Point Collection - Trade Dollar Set Gallery

If all goes to plan, the Trade Dollar portion of the Black Point Collection should start appearing in the Blog during the evening hours. If not completed before heading to bed, the gallery will be wrapped up on Monday. Price list posting of the collection is targeted for Tuesday.

 

Wrapping Up The Blog

I will be in and out of the GFRC throughout the day. Today brings the last of superb autumn weather days before temperatures drop and cloudy conditions move in. Working outdoors is priceless on days like this. The cellphone is always in my pocket for responding to customer orders. Orders can also be placed via email. Those are checked for continuously and responded to quickly.

Again, a sincere thank-you for being part of the GFRC community and sharing my daily life. Be safe and well!

 

 

 

September 26, 2020

Awesome Trade Dollars from the Black Point Collection

and

U.S. Gold Coloring a Function of Metallic Alloy

 

 

Greetings and welcome to the Blog on the last weekend in September 2020. How time flies!

Southern Maine weather continues to be perfectly seasonal. Today's high temperature will peak at 73F under cloudless skies. These conditions will be ideal for capturing the weekly coastal horizon image off the back deck as the autumn color transition is well underway. Please check back on Sunday for the posting of that image. Unfortunately, prior forecasts for rain early next week have evaporated. This is the driest autumn in memory.

Cloudless skies mean excellent coin photography! That will be the case for the Twin Lakes Collection and the newly arrived Black Point Trade dollars and Capped Bust quarters. More on the latter shortly.

On the financial front, your blogger made a move into gold ETF on Friday. Spot gold has held the $1860 level for several days. This was my target entry point for financial insurance during an upcoming difficult period in U.S. history. I can't remember a time other than the Vietnam War when the country was so divided. Sure, gold can fall further. It always can when taking a position.

 

Woodbridge Collection Offerings Posted to Price List

Friday evening brought the posting of the latest Woodbridge Collection Seated quarter duplicates to the price list. Within 30 minutes, the 1856-O and 1871-S quarters were on hold. Remaining are several top quality offerings for your consideration.

 

Early CAC Submission Results Announced on Friday

CAC did a great job of turning a submission that arrived on Monday with results posting late yesterday afternoon. Overall, GFRC went six out of thirteen; the results are quite pleasing. The White Pine Collection scored two CAC green beans on three submissions. With these results, I will be able to move forward with that consignment after the Manchester NH Coin Show.

The Nevada Collection also scored three green beans across seven Capped Bust half dollar submissions. Those updates will be posted on the price list later today.

 

Awesome Trade Dollars/Capped Bust Quarters from the Black Point Collection

I'm pleased to report that an awesome Trade Dollar collection was transferred on Friday from a local Maine consignor that will be known as the Black Point Collection moving forward. The secret transfer location was none other than the parking lot of the Windham Post Office. The consignor has decided to shift his numismatic hobby towards $3 U.S. gold and is raising capital via this sale. I assured the consignor that the wait for monies will be brief based on the amount of First Right of Refusals that are already on the books.

Both the Trade dollars and the Capped Bust quarters are keeping me company as the Blog is composed. As a whole, this consignment is one of the finest handled in terms of old time gray toning and strict originality. The number of CAC green beans is a testament to the overall quality. Even those without a CAC sticker are toned an even gray and may not be conservatively enough graded to secure the bean. These pieces are also being assigned a Choice quality rating.

I'm presently entering the consignment into the COIN system and will be conducting a photography session this afternoon based on the weather forecast. My goal is to have this consignment posted to the price list before leaving for the Manchester NH Coin Expo on Thursday. These pieces will sell immediately. Please stay connected to the Blog for the latest updates.

 

U.S. Gold Coloring a Function of Metallic Alloy

In Friday's Blog edition, the subject of U.S. gold coloring was raised. U.S. gold coins can be found across a color spectrum that includes green-gold, yellow-gold, rose-gold, orange-gold, and copper-gold. I asked the question of the community concerning their favorite coloring for U.S. gold. By far, orange-gold is preferred. This is also my preference which means that I bought Diane Indian gold as a Christmas present while working in Malaysia.

Jim Macor (LSCC staff graphic artist) responded with an excellent visual example of how gold coloring can be modulated by alloying gold with other metals. For those who may not be familiar with the term "alloy", following is a Wikipedia definition.

An alloy is a combination of metals or metals combined with one or more other elements. Alloys are made by mixing two or more elements, at least one of which is a metal. This is usually called the primary metal or the base metal, and the name of this metal may also be the name of the alloy. The other constituents may or may not be metals but, when mixed with the molten base, they will be soluble and dissolve into the mixture. The mechanical properties of alloys will often be quite different from those of its individual constituents.

For example, combining the metallic elements gold and copper produces red gold, gold and silver becomes white gold, and silver combined with copper produces sterling silver. Elemental iron, combined with non-metallic carbon or silicon, produces alloys called steel or silicon steel. The resulting mixture forms a substance with properties that often differ from those of the pure metals, such as increased strength or hardness. 

 

Multiple Gold Colorings on 1917 Watham Pocket Watch

Images courtesy of Jim Macor

    

 

Hi Gerry,

I hope my email finds you well. I enjoy reading your blog everyday! Your blog about "colored gold" prodded me to send this to you. A few years back I got interested in antique pocket watches after trying to repair my father's watch that was passed down to him, then to me, from my grandfather. Pocket watches are not collected in such a competitive arena as coins (man cannot live on coins alone)... but in many instances are far and few between, and each watch is unique. Watch "cases" were usually made by "case companies" and combined with the various movement sizes and manufacturers of the movements such as Waltham and Elgin.

Being a fine artist myself, many pocket watches are simply stunning works of art! Karat cases (although rare), are most frequently in 14kt and "all are hand engraved!" They offer a "palette for variable designs" by the artist/engraver. There are some spectacular multi-color gold examples of watch cases! I have added a couple of un-enhanced photos herein. This watch has 5 different colored golds, yellow, orange, rose, green and blue! How did the different color golds come about?

A little research here:

Intentionally "colored golds" are commonly 18kt (75% pure gold) or 14kt (58.5 pure gold). 14Kt allows for greater parts of other alloys that change the color of gold to various hues.

- White gold is an alloy of gold with at least one white metal (usually nickel, silver, or palladium)

- Yellow gold (karat gold) is an alloy of gold with a percentage (depending on karat purity) of usually silver and copper

- Orange gold (karat gold) is an alloy of gold with a percentage (depending on karat purity) and more copper and some silver.

- Rose gold (karat gold) is an alloy of gold with a percentage (depending on karat purity) and copper usually at a 3:1 ratio

- Green gold (sometimes called electrum) is an alloy of gold with a percentage (depending on karat purity) and copper and silver and often a small percentage of Cadmium.

- Blue gold (karat gold) is an alloy of gold and either gallium or indium and may also include nickel.

 

The following three axis chart provides a quick visual guide to gold coloring based exclusively on silver and copper alloys.

Looking at the chart carefully, if one moves down the left side of the pyramid, increasing silver ratios with gold change the metal color from red yellow, to yellow, then green, and eventually white. Silver is a white metal and will dominate in low gold concentrations.

Moving down the right side of the pyramid, increasing copper ratios with gold brings about darker red coloring.

If one looks at the top of the pyramid and the 90% gold marker, varying ratios of silver and copper alloy will modulate gold's coloring from orange-red to yellow. It takes a higher concentration of silver in the alloy to bring about green-gold coloring.

Gold Color Shades Based on Silver and Copper Alloy Ratios

Courtesy of https://vivalatina-shop.com/blogs

 

Thoughts on Green-Gold Coloring for Charlotte and Dahlonega Branch Mint Gold

Some $2.5 and $5 gold pieces struck at the Charlotte and Dahlonega branch mints will exhibit green-gold coloring. This coloring can only be a function of a higher silver concentration in the gold:silver:copper ratio. One cannot run away from the laws of physicss. Is it possible that the southern U.S. branch mints employed a higher silver concentration in their gold coinage alloys? The answer to this question has already been thoroughly researched and is available at the GoldRushGallery website. Following is a brief excerpt.

By law, gold coinage during the operation of the Dahlonega Mint (1838-1861) was 0.900 fine, meaning 900 parts per thousand (by weight) pure gold. The remaining 100 parts constituted the alloy (pure gold being too soft and malleable to produce coins that would stand up to the rigors of circulation). By law for that time period, the alloy for gold coins was copper and silver, provided that the silver did not exceed one-half the alloy. Thus, the silver content could be up to 50 parts per thousand. It was therefore lawfully possible to have coins with varying concentrations of silver, about which we can today make observations relative to the coloration differences.

Generally speaking, a gold coin with 100 parts per thousand copper alloy is distinctly orange in color. Gold coins with silver and copper tend to be less orange, and if the silver content is high enough, the coins do not look orange at all, possessing a light “green gold” color. As a consequence of this imprecise specification for the alloy, the mints at Dahlonega and Charlotte had the flexibility to have a higher silver content than the parent institution, the Philadelphia Mint. Although it would be an interesting case study, I have not “analyzed” the coloration of the gold coins from the other branch mints (i.e., New Orleans, San Francisco, Carson City, and Denver).

Clair M. Birdsall authored an excellent book in 1984, entitled The United States Branch Mint at Dahlonega, Georgia: Its History and Coinage . As part of his groundbreaking research, Mr. Birdsall had a number of Dahlonega gold coins non-destructively analyzed (by X-ray fluorescence) for their silver content. The facilities which performed the analyses were the Chemistry Laboratory of Clemson University and the Central Scientific Laboratory of Union Carbide Corporation, Tarrytown, NY. Two standards were used for calibration of the silver content in these analyses: One was an alloy of known weights of gold and silver at the Union Carbide Corporation Tarrytown Technical Center. The second was an 1855 Philadelphia Mint gold dollar, which had been determined to contain 1.13% silver by a process known as ICP Emission Spectroscopy, also done at Union Carbide, Tarrytown. The silver content of the analyzed coins follows:

1838-D half eagle: 4.8 % (48 parts per thousand)
1845-D quarter eagle: 5.0 % (50 ppt)
1846-D quarter eagle: 4.3 % (43 ppt)
1847-D quarter eagle: 4.3 % (43 ppt)
1847-D half eagle: 4.0 % (40 ppt)
1850-D gold dollar: 3.7 % (37 ppt)
1853-D gold dollar: 3.9 % (39 ppt)
1853-D half eagle: 3.6 % (36 ppt)
1854-D half eagle: 1.3 % (13 ppt)
1854-D gold dollar: 1.4 % (14 ppt)
1854-D half eagle: 1.3 % (13 ppt)

1855-P gold dollar: 1.13 % (11.3 ppt)

 

A Word or Two on Copper Spots for Len Augsburger

On Friday, Len reminded me that I should discuss "copper spots" on U.S. gold coins.

"Copper spots" can result for two different reasons. First is the lack of a homogeneous solution of copper in the gold alloy. If copper does not completely dissolve in the gold:silver:copper molten alloy, higher copper concentrations that are positioned at a coin's surface will be subject to storage environment conditions and will tone a copper color. Copper spots on early U.S. gold are a sign of originality as dipping will removed these. Strictly original circulated U.S. gold will also develop a "brown copper" color due to toning of the copper in the alloy.

The second potential reason for "copper spots" is surface contamination on gold that changes color regadless of the underlying purity of the base metal. This can be seen on 0.999 pure gold or silver bullion coins that will develop spots while encased in TPG holders. The plastic shells were not properly clean prior to being used for encapsulation. Trace level of contaminates on the plastic shells are transferred to the coin and will case a color shift.

 

Wrapping Up The Blog

The 8:00 AM Blog publishing time is approaching and time to wrap up. I've been writing since 5:30 AM.

Yes, I will be in the GFRC office the entire day with a ton of items to get done. Along with GFRC business, I must play electrician and swap out about eight 35 year dimmer switches (rotary knobs) with modern versions that have a hidden dimming lever. Three way circuits as always a pain in the butt as one must properly identify the common wire in the circuit. If not, it is a process of elimination with three different wiring configurations until the common wire is located. Been there and done that earlier this week...

Thanks for checking in at the Blog. Tomorrow brings another coastal horizon picture and southern Maine autumn foliage update.

Be safe and well.

 

 

 

September 25, 2020

Green-Gold vs. Orange-Gold - Your Visual Preference?

and

New Liberty Seated Quarter Offerings from the Woodbridge Collection

 

Greetings on a Friday morning and welcome to the Blog.

A perfect southern Maine autumn day is in store for your blogger. Bright sunshine will dominate the sky along with a warm temperature peaking at 70F during early afternoon. It will be a Miata day for sure! I have an afternoon appointment with a new GFRC consignor to take transfer of his Trade dollar set and Capped Bust quarters. Both the topdown ride and meeting a new client will be the day's highlight.

 

Intense FRoR Action on New Client's Trade and Capped Bust Quarter Offerings

In yesterday's Blog, I posted detailed contents of the forthcoming Trade dollar set and the three Capped Bust quarters. The First Right of Refusal response was intense! Request for access started immediately and continued well into the afternoon. I did my best to respond to each request with a status but gave up after an hour. Please trust me that I will build an accurate FRoR matrix and contact those with first shot once the consignment is photographed and priced.

At this time, most of the pieces in the Trade dollar set have at least one request with all three Capped Bust quarters seeing multiple requests.

 

Green-Gold vs. Orange-Gold - Your Visual Preference?

I would like to steer this Blog edition into new ground this morning. After handling a considerable amount of U.S. collector gold in the past four years, I've grown sensitive to the mettalic coloring of gold coins. Within a denomination and date, one might see notable color differences. The following illustration using 1854 and 1855 Type 2 Indian Princess gold pieces, from GFRC inventory, provides a visual comparison of the color spectrum commonly seen on U.S. gold.

U.S. Gold - Visual Color Spectrum

1854 NGC AU58 CAC G$1 - Yellow-Gold                                    1855 PCGS AU55 CAC G$1 - Green-Gold

    

1855-O NGC AU58 CAC G$1 - Deep Green-Gold                          1855 NGC AU58 CAC G$1 - Orange-Gold       

    

 

By United States law, gold coins struck for circulation were 22 kt or 91.667% pure gold. The remaining 8.333% of the alloy could only be composed of a mixture of copper and silver. For those who may be unaware, a Karat = 1/24 of a part thus U.S. gold coins being 22/24 parts gold and 2/24 parts being a silver and copper alloy.

24 kt or pure gold has a yellow color and is soft. The inclusion of 2 kt of silver and copper into the alloy is for hardening the metal and making it less susceptible to circulation induced marks. The key issue driving U.S. gold coin colors is the actual ratio of silver and copper in the alloy. A higher percentage of copper leads to orange-gold coloring. Conversely, a higher percentage of silver in the 2 kt alloy results in green-gold coloring.

My first exposure to 22 kt gold coloring variations predates my exposure to U.S. gold coins. The timeframe was 1990 as I was spending time in Singapore and Malaysia on an assignment for Fairchild Semiconductor. As Christmas approached one year, my plan was to purchase 22 kt gold jewelry for Diane. On the island of Penang, Malaysia, there were two types of gold shops; those under India heritage management and those being operated by Chinese merchants. Upon visiting several gold shops, I noted a distinct coloring difference between Indian gold and Chinese gold. The Indian gold was a bright orange while the Chinese gold was mostly yellow with some green hues. I asked one of my local staff members to explain this difference. The response was enlightening. Chinese 22 kt gold contained a higher silver alloy while Indian gold's alloy was predominately copper.

I will explore the color spectrum topic once again on Saturday. Please let me know your gold coin color preference and I will share mine based on which Penang gold shop I used for sourcing Diane's jewelry Christmas present.

 

New Liberty Seated Quarter Offerings from the Woodbridge Collection

I'm pleased to be sharing yet another consignment offering from the Woodbridge Collection on a Friday morning. The Woodbridge consignor is a passionate Liberty Seated quarter collector, one of many in the GFRC community. On a regular basis, this individual will forward his duplicate Seated quarters to GFRC on consignment. Proceeds are employed for incremental upgrades.

Today's featured offerings contain some noteworthy pieces. Leading the client gallery is an 1842 Mint State Seated quarter from the Eric P. Newman collection and a well preserved key date 1871-S example with CAC approval.

The 1842 quarter was sold at the Heritage November 2013 Newman Sale in NYC. At that auction, this 1842 quarter was housed in a special NGC holder with EPN brown label and graded MS64. It brought $5288 with the juice. How and why it was downgraded to its current NGC MS63 holder is a mystery.

The 1871-S quarter has a CoinFacts auction record dating to January 2018. At the FUN show Heritage auction, it brought $3600 with the juice. Since being CAC approved, I check the CAC population report to find only fourteen approved in all grades with one at the VF35 level and another at the EF45 level followed by a lone AU58 example and two at MS66. Imagine that, a VF35 CAC offering with only four better with CAC approval. What an important opportunity this offering is!

My plan is to propose asking prices to the consignor today and should have these early type coins loaded to the price list on Saturday. Currently, there are First Right of Refusals on the 1856-O and 1871-S pieces. Please, please don't overlook the 1868 quarter even with an ANACS holder. This is a choice example too.

 

Noteworthy Liberty Seated Quarters from the Woodbridge Collection

1842 PCGS MS63 25C Ex. EPN Sale                                             1871-S PCGS VF35 CAC 25C      

    

 1840-O ND PCGS EF45 25C                   1856-O PCGS EF45 CAC OGH 25C                    1860-O PCGS AU53 10C     

            

 1868 ANACS MS61 25C                      1876 PCGS AU58 CAC 25C

      

 

Global Financial News

Once again, market futures look ugly for European and United States equity markets. Markets will most likely remain "choppy" until after the U.S. Presidential election. Adding to election distress is an increase in Covid-19 cases though testing is also ramping as we approach the fourth quarter of 2020.

In Asia, Japan +0.5%. Hong Kong -0.3%. China -0.1%. India +2.3%.

In Europe, at midday, London -0.7%. Paris -1.9%. Frankfurt -2%.

Futures at 6:20, Dow -1%. S&P -0.9%. Nasdaq -0.6%. 

Spot gold has dropped to the $1860 level and has traded slightly above that mark for 2+ days. The $1860/oz level is about $15 below the 60 day moving average.

Crude oil also remains in a tight trading range with a morning quote of $40.04/bbl. The 10 Year U.S. Treasury yields stands at 0.66%

 

Wrapping Up The Blog

I will be in the GFRC office most of the day other than a Miata drive to take possession of a wonderful new consignment.

Otherwise, it is business as usual. Your purchase orders are becoming more and more important as September comes to a close. Please don't hesitate to call or email on any coins of interest.

The new Twin Lakes Collection consignment has also arrived and will be photographed today.

Thanks for checking in at the Blog. Be sure to return on Saturday for more interesting ramblings.

 

 

 

 

September 24, 2020

Surprise CAC Approved Trade Dollar Consignment Announcement

and

Important Woodbridge Seated Quarter Consignment

 

Greeting and welcome to the Blog on a Thursday morning. Some clients will be pleased that they checked in early!

Southern Maine weather continues to be fantastic. A warming trend is taking daily highs into the mid 70s with overnight lows in the 50s. GFRC office attire is back to t-shirt and shorts. An extended period of rain is forecasted for Monday thru Wednesday of next week. Let's hope the weather forecast is accurate as several days of rain would be most welcomed.

After a brief spurt of fast paced orders, Sleepy September is once again living up to its name. Considering the wonderful autumn weather and slow orders, sitting in the GFRC office was the last thing on my mind on Wednesday afternoon. The Ledge Hill Trails were calling me and an opportunity to find a zen moment with nature. Off I went into the woods with branch cutters and a rake. Trail clean-up was a priority along with spending time at the natural spring. After three hours of work, the spring's perimeter is completely free of surface rocks and roots along with the immediate 100' of trail leading to the spring. While taking a break on the rocks and enjoying the serenity, a flock of wild turkeys paid a visit. How cool is that?

Ledge Hill Natural Spring Clean-up Progress

 

This image captures an upstream view of the spring. Clicking on the image will provide access to a higher resolution version. One can see the water flowing across a tiny dam that was constructed to raise the pool's water level by a few inches. My concern was flow rate and not wishing to raise the pool level too much leading to clouded still water.

Upstream View of the Natural Spring

 

Surprise CAC Approved Trade Dollar Consignment Announcement

Wednesday evening brought a consulting phone call with the Newtown Collection followed by a surprise consignment proposal from a southern Maine collector. A pleasant phone call with the Portland based collector brought a consignment hand-off appointment on Friday afternoon at a secret location. This consignment is substantial and fits perfectly into GFRC's speciality offerings. Following is a wonderful lot of mostly CAC approved Trade Dollars and a few Capped Bust quarters as icing on the cake. Please hurry and get your First Rights of Refusal in as I will photograph this lot on Saturday and have ready for the Manchester NH Coin Expo.

Near Complete Trade Dollar Set

1873 PCGS AU-58 (CAC)
1873-CC PCGS XF-45 (CAC)
1874 PCGS AU-53 (CAC)
1874 PCGS MS-63+ (CAC)
1874-CC PCGS AU-55
1874-S PCGS MS-62 (CAC) Chop Marked
1875 PCGS VF35 (CAC) Type I/II
1875-CC PCGS AU-50 (CAC) Type I/I
1875-CC PCGS XF-45 Type I/II Scarce
1875-S PCGS AU-55 Type I/II Micro S
1876 PCGS XF-40 Type I/I
1876-CC PCGS XF-45 (CAC) Type I/II
1876-S PCGS AU-55 (CAC) Type I/II
1877 PCGS MS-63+ (CAC)
1877-CC PCGS XF-40 (CAC)
1877-S PCGS AU-55 (CAC)
1877-S PCGS AU-58 (CAC)
1878- PCGS AU-58 (CAC)
1878-S PCGS XF-45 (CAC)

Capped Bust Quarters

1833 B-2, PCGS AU-55 (CAC)
1833 B-1, PCGS AU-53 (CAC) Perfect Die State/ Scarce
1837 B-1, PCGS XF-45 ex: Jules Reiver Collection

 

Important Woodbridge Collection Consignment Arrives

Before heading into the woods, a USPS Express shipment arrived from the Woodbridge Collection consignor. Contained in the shipment was a solid lot of Liberty Seated quarters. Unquestionably, Seated quarters are currently the leading GFRC product line. Receiving this consignment was more than timely. Following are the contents for your review and potential First Right of Refusals. Two highlights should be noted. First is a very important 1871-S offering graded PCGS VF35 with CAC approval. This is a sweetheart of a coin and should be scooped up by those needing an upgrade with this semi-key date. Second is an 1842 quarters presently residing in new NGC MS63 holder. This piece is ex. Eric P Newman Collection sale Heritage November 2013. In that sale, this piece was housed in special brown label NGC MS64 holder. It is surprising to find this same coin now certified as MS63.

This lot will be photographed today and should not take long to post to the price list.

Seated 25c: 1840-O ND PCGS EF45 steely eye appeal; 1842 Large Date NGC MS63 Ex EPN Collection Sale; 1856-O PCGS EF45 CAC OGH claims to AU; 1860-O PCGS AU53 Briggs 2-B broken O die state; 1868 ANACS MS61 previously from the Golden Harvest Collection; 1871-S PCGS VF35 CAC very choice and will garner serious attention; 1876 PCGS AU58 CAC lustrous aquamarine-gold.

 

Global Financial News

Global equity markets are spooked as losses continue. This morning's market futures, courtesy of Seeking Alpha, are forecasting yet another negative trading day on Wall Street.

In Asia, Japan -1.1%. Hong Kong -1.8%. China -1.7%. India -3%.

In Europe, at midday, London -0.4%. Paris -0.1%. Frankfurt +0.1%.

Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq -0.6%.

I held a conference call with my Merrill Lynch money manager on Wednesday. He expected markets to tank in early October in front of the presidential election. Instead, they tanked in September. According to my financial person, markets will remain choppy and unsettled until several weeks after the election. There is a growing concensus that mail-in ballots will delay presidential election results leading to more uncertainty for investors.

We also discuss re-entering gold positions. The recent drop in spot gold is attributed to a resumption of physical gold being transported and reaching the large holding vaults that drive ETF gold funds. Demand for gold continues with the physical supply chain coming back online after Covid-19 shutdown. A Merrill Lynch research report does not give indication that central banks are buying, rather demand is concentrated by investor demand for ETFs.

Spot gold is positioned at $1857/oz to start the day. At this level, gold has broken through its 60 day moving average on a technical basis and could drop to $1740 before reaching the 200 day moving average. Both my financial manager and myself are carefully watching gold's behavior for a favorable entry point.

Crude oil and the 10 Year U.S. Treasury bond yield are both flat to yesterday's opening quote. There is nothing to report here.

Seeking Alpha headlines are not worth sharing as there is much discussions about internet company content rules and oversight. California has banned gas power cars effective 2035.

 

Wrapping Up The Blog

A slow order rate translate into a smaller packing and shipping workload. Shipping should be wrapped up by 10:00 AM and allowing me to complete Pikes Peak Capped Bust half dollar descriptions and loading those pieces to the price list. Early afternoon brings Woodbridge Collection consignment photograph and probably a client gallery for Friday's Blog.

I will be in the office most of the day but will likely spend two hours improving the Ledge Hill trails again. Staying indoors during autumn colors and mid 70s temperatures makes no sense. Life is too short and best to enjoy these precious moments before late autumn cold weather sets in.

Thanks for checking in at the Blog. See you on Friday morning.

 

 

 

September 23, 2020

Lenny Rizzo Consignment - Not Size, Rather Quality!

and

A Fall 2020 Consignment Wave Approaches

 

Greeting on a Wednesday morning and welcome to yet another Blog edition.

Brisk winds and warmer temperatures are at hand as today's Blog is being composed. This warming trend will bring mid-70s highs to southern Maine through end of week. Another gorgeous weekend appears to be in the cards with a chance of rain on Monday.

The Manchester NH Coin Expo is quickly approaching! I must keep telling myself this fact as it has been months (Februrary to be exact) since setting up at a coin show. Adequate Purell hand sanitizer and face mask must be added to the host of other items to be packed and transported to the Double Tree hotel in Manchester. Next Wednesday brings inventory selection and packing into suitcases. I'm getting excited about being on a bourse floor again!

 

Seth Godin's Blog: What Does "Shortly" Mean?

A new Seth Godin blogpost captured my attention and brought back memories of working in Wuxi with a host of Chinese staffs. There were two popular words used by my staff and other organizations when asked for a commitment on resolving issues. I would always be told that, "the investigation is ongoing" and we would "get back to you shortly". Of course, this language was designed to avoid accountability and placed me in a position to confront others towards securing real answers. In Chinese culture, that confrontation was considered a loss of face for the communicating party. Many times, I was counciled for my lack of sensitivity to the Chinese ways of conducting business. However, when production or quality issues are not resolved on a timely basis, one quickly grows tired of hearing "ongoing" and "shortly". The only thing that is "ongoing" is the unresolved issue and difficult to explain to American and European customers when delays mount.

This Godin blogpost is well worth the time to read and digest if an entrepreneur or dealing with customers on a regular basis.

 

Seth Godin's Blog: What Does "Shortly" Mean?

When a client or customer asks when a project is going to be done, an answer offered might be, “soon” or “shortly.”

Frustration ensues.

It ensues because “shortly,” means: “I’m not sure” and “I don’t want to be responsible” and “you shouldn’t ask.” It creates little in the way of connection, and doesn’t project confidence, authority or even care.

“Shortly” is a one-word way to say, “go away.”

The alternative is to seek to understand and to work to be understood.

If the customer is double-parked, a better answer might be, “it will definitely be less than ten minutes, give me your phone number and I’ll call you the moment it’s done.”

If the engagement manager is trying to juggle priorities and dependencies, a better response might be, “would it make things easier if we could narrow down the delivery date to a two-or-three day span?”

And if the client is simply curious to understand why she hasn’t heard from you and whether you’ve got this under control, perhaps the answer is, “the dilithium crystals shorted out, the new shipment is promised for Monday and in the past, it has taken two weeks after arrival for us to complete the testing.”

It might not be done, but confidence is restored.

You sell what you sell, but you also sell the story we tell ourselves about your relationship with the work (and with us).

 

GFRC is Featured Dealer in CDN Publishing Directory

It is official! GFRC is now listed in CDN Publishing's Featured Dealer directory. Guidance has been received for structuring email blasts. The first GFRC email marketing event will take place in about three weeks providing attention on upcoming E-Bid Auction events.

 

Lenny Rizzo Consignment - Not Size, Rather Quality!

Let's be clear about something; I thoroughly enjoy handling top quality coins even if inexpensive. This is the case for a new consignment from Lenny Rizzo. There are only six pieces in the new offering. However size does not matter when each piece brings above average quality to the Blog gallery and price list.

The offering opens with a super cool 1864-L Indian cent with boldly repunched date. The variety is listed as Snow-3 and FS2302. CAC approval of the certified AU58 grade adds to the desirability. Next are two lovely Capped Bust dimes with original skins. The 1833 JR-1 is a better variety along with CAC approval. How about an 1841-O F-108 dime graded PCGS AU50 with reverse rainbow bullseye toning? Crusty original surfaces are present on an accurately graded 1833 B-2 Capped Bust quarter.

If interested in these offerings, please quickly send First Rights of Refusals. I suspect these pieces will be in demand. Look for these new offerings to reach the price list by end of day or on Thursday.

 

Quality New Offerings From Lenny Rizzo Collection

 1864-L RPD PCGS AU58 CAC 1C                1833 JR-1 PCGS VF35 CAC 10C                      1835 JR-4 PCGS AU53 10C     

            

 1841-O F-108 PCGS AU50 10C                   1833 B-2 PCGS EF40 CAC 25C                      1853-O PCGS EF40 25C       

            

 

A Fall 2020 Consignment Wave Approaches

Operating with a business model that is dependent on consignments can bring occasional worries when the backlog gets thin. During those times, I keep telling myself to trust the process and not worry.

As the end of September arrives, the consignment queue is rather bare. Once the final Pikes Peak Capped Bust halves are loaded to the price list followed by the Lenny Rizzo new offerings, all that remained on the shelves is the White Pine Collection's latest consignment. That consignment is waiting for CAC results due next Monday. Afterwards, it would be necessary to load raw coins or more Liberty Seated dime from my reference collection.

After asking for fresh consignments in the Blog, I am thrilled (relieved is a better term) to report that a Fall 2020 consignment wave is taking place. Arriving today is a 40 piece Twin Lakes Collection consignment along with a surprise duplicates consignment from the Woodbridge Collection. The combined shipments will keep me busy into the Manchester show. During the upcoming weekend, I will be discussing a potential U.S. gold consignment with the AuburnNY Accordian Collection. Come October, two substantial consignments are expected that will consume my time into early November. My apology for not being able to be more specific on this latter point. Details will be communicated at the appropriate time.

 

Global Financial News

United States equity markets appear to have consolidated their recent weakness and are positioned to move higher as we start another trading day. Conversely, spot gold is exhbiting some weakness and now trading below the $1900 level.

Following are morning market futures courtesy of Seeking Alpha.

In Asia, Japan -0.1%. Hong Kong +0.1%. China +0.2%. India -0.2%.

In Europe, at midday, London +2.2%. Paris +1.8%. Frankfurt +1.5%.

Futures at 6:20, Dow +0.7%. S&P +0.5%. Nasdaq +0.5%

I've been closely monitoring spot gold prices towards a re-entry point with sidelined cash at my Merrill Lynch account. Gold is currently trading at $1890/oz. On a technical basis, the price is resting on the 60 day moving average for support. If gold remains in a rally mode, it should bounce off the moving average and return to the mid-$1900 level. If gold break down into the mid to low $1800 range, then further downside is possible. Picking an entry point is a function of data and gut feel.

Silver prices have taken it on the chin of late. Silver peaked at $29.00/oz and has fallen back to $23.57 as the Blog is written. The silver technical chart is an example of speculation and not a solid rally. Those who sold silver at the $27 to $28/oz level should be pleased with their decision. Clearly the following Kitco 5 Year technical chart illustrates a speculative move in silver prices. Gravity has its way of pulling runaway trends back to historical levels.

Kitco 5 Year Silver Technical Chart

 

Crude oil is holding steady at $39.94/bbl. The 10 Year U.S. Treasury bond yield continues to be fixated at 0.68%

 

Wrapping Up The Blog

That is all she wrote for a Wednesday morning...

Time for a quick shower followed by packing only two boxes. Doug the Mailman will be disappointed in today's hand-off!

Thank-you for visiting on a regular basis and taking in these ramblings. I will be back on Thursday with more consignment news.

Be safe and well!

 

 

 

 

September 22, 2020

GFRC - Table 801 - Manchester NH Coin Expo

and

Pikes Peak Collection - Capped Bust Half Dollars Galore

 

Greeting and welcome to the Blog on a Tuesday morning. We have a really big show for you today! Memories of Ed Sullivan for older readers...

Southern Maine weather will be overcast and just plain dreary after days of continuous sunshine. How easy it is to be spoiled! The weather will be conducive for spending the entire day in the GFRC office and continuing to load new offerings onto the price lists. The consignment queue is becoming thin but help is on the way from the Twin Lakes and AuburnNY Accordian Collections.

In Monday's Blog edition, I promised a picture of the driveway side maple that had already seen a complete color transition. Note the color contrast against the surrounding oak tree backdrop.

This maple tree changes colors well ahead of other maples on the property. An explanation is potential stress due to its location adjacent to the driveway. A portion of its root system is under the asphalt, therefore relying exclusively for water or nutrients via the roots in the mulch bed. I suspect that most of the leaves will be on the ground by the time I leave for the Manchester NH Coin Expo later next week.

Driveway Maple - Early Autumn Color Transition

 

GFRC at Table 801 - Manchester NH Coin Expo

Monday brought a busy communications day with Ernie Botte concerning table selection for the Manchester NH Coin Expo and ramping the GFRC marketing campaign with the fine staff at CDN Publishing.

Consistent with Covid-19 regulations, Ernie has redesigned the bourse floor to include spacing between all dealer tables. Between the new layout and questions concerning dealer attendance commitments, past table locations are being shuffled. When presented with an opportunity to move to Table 801 located directly adjacent to the digital entrance, I immediately agreed and could not be more pleased.

GFRC will have its usual six cases of quality inventory offerings on display at the Manchester show. The GFRC table is easy to spot on a bourse floor due to the dark blue table aprons with gold lettering.

A reminder to show attendees and GFRC customers. I don't have telepathic capabilities. If wishing to see certain coins in GFRC inventory, please email me well in advance of the show to allow for those coins to be packed.

Consistent with show regulations, I will be wearing a face mask at all times and glasses. A Purell bottle will be available between cases for hand sanitizing before handling GFRC holdered coins. Otherwise, it will be business as usual at the GFRC table.

Concerning Thursday afternoon dealer setup at 3:00 PM, I am expecting dealers to be in a buying mood and aggressively shopping during bourse setup. Since working this show on a solo basis, it takes considerable time to load six cases with coins along with launching the computer infrastructure to enable price quotes. I'm expecting the typical dealer behavior of walking up to my open cases and reaching in with the "how much is this?" question. Being proactive, I will have pen and stickers ready. If dealers wish to have an price quote, those will be accomplished after I am done loading the cases. Dealers will be asked to write their initials on a sticker and place on the face of the holder. Once I am completely setup, I will be glad to quote prices in an orderly manner to those who took the time to label coins.

 

GFRC at Table 801 - Manchester NH Coin Expo

October 1- 3, 2020

 

Pikes Peak Collection - Capped Bust Half Dollars Galore

GFRC is pleased to be offering the final installment of the Pikes Peak Collection consignment. This installment includes a large lot of Capped Bust half dollars with many having the Skidaway Island Collection pedigree on NGC labels. Skidaway Island is located near historic Savannah and contains a famous park with trails through a martime forest. The Skidaway Island Collection was sold by Heritage Auctions during 2015 and contained 437 different Overton die varieties. The following was located on the COINWEEK website as background information.

HERITAGE AUCTIONS INTRODUCED AN EXCEPTIONAL COLLECTION OF BUST HALF DOLLARS TO PEDIGREE COLLECTORS AT THE DALLAS INVITATIONAL PNG US COINS SIGNATURE AUCTION AT THE GAYLORD TEXAN HOTEL ON FEBRUARY 26 – MARCH 1, 2015. THE COLLECTION WAS GRADED BY NGC WITH “SKIDAWAY ISLAND COLLECTION” ON THE LABEL. THE BUST HALF DOLLARS HAVE EXCEPTIONAL EYE-APPEARANCE AND ARE A TRUE “COLLECTION” VERSUS A “HOARD” OF COINS. THE COLLECTION INCLUDED 437 OF THE OVERTON NUMBERS AND APPROXIMATELY 500 BUST HALF DOLLARS IN TOTAL. OWNERSHIP PREVIOUSLY RESIDED WITH A PRIVATE COLLECTOR WHO REMAINS ANONYMOUS.

All NGC holdered offerings other than the 1812, 1832 O-122, and the 1838 Reeded Edge half are Skidaway Island Collection pieces and an important opportunity for those interested in Overton die varieties.

Look for this lot to start reaching the price list later today and into Wednesday.

Pikes Peak Collection - A Host of Skidaway Island Collection Pieces

      1806 PCGS VF20 50C                              1809 III O-107 NGC VF25 50C                   1812 O-10x NGC EF45 CAC 50C

            

 1817 O-110a NGC VF25 50C                    1819/8 O-101 PCGS VF30 CAC 50C                  1822 O-109 NGC EF45 50C  

            

1822 O-112 NGC VF25 50C                      1826 O-104 NGC EF45 50C                       1826 O-120a NGC EF45 50C 

            

1828 O-102 NGC AU50 50C                      1829 O-119 NGC AU50 50C                       1830 O-115 NGC AU53 50C 

            

   1831 PCGS EF40 50C                            1832 O-111 NGC AU53 50C                        1832 O-122 NGC EF45 50C

            

1833 O-113 NGC AU53 50C                      1835 O-105 NGC AU53 50C                           1838 NGC VF35 50C      

            

 

Upcoming Twin Lakes and AuburnNY Accordian Collection Consignments

The Twin Lakes Collection is shipping another PCGS AU58 consignment today. The lot contains 40 piece with about 50% being CAC approved. I'm looking forward to new inventory for fleshing out the lower populated GFRC price lists. Included are Indian cents, 3 Cent silver, Barber dimes, Standing Liberty quarters along with a few Seated offerings and Peace dollars.

The AuburnNY Accordian consignor contacted me yesterday with a proposed better date U.S. gold consignment. The offerings will be nearly all $10 With Motto Liberty gold dates, many with CAC approval. I'm expecting that consignment to arrive early week.

 

Global Financial News

Unsettled times continue for global investors. Even the yellow precious metal is not immune to a sudden price drop as took place on Monday. Spot gold dropped $60/oz from its opening quote to briefly trade below the $1900 level. Pricing recovered during the afternoon. Today's opening quote stands at $1910/oz. Crude oil is back below the $40 level at $39.93/bbl.

Following are morning market futures courtesy of Seeking Alpha. Lately, the morning futures have not been accurate with respect to the day's trading activities. Investors are spooked by a Covid-19 pandemic that will not subside in Europe.

In Asia, Japan +0.2%. Hong Kong -1%. China -1.3%. India -0.8%.

In Europe, at midday, London +0.4%. Paris +0.5%. Frankfurt +1.1%.

Futures at 6:20, Dow -0.1%. S&P +0.1%. Nasdaq +0.6%.

 

Wrapping Up The Blog

As mentioned earlier, Tuesday brings a long day in the GFRC office. Loading the price list with raw and lower valued offerings is an imperative before major consignments begin to arrive. After a brief sales spurt, September is back to being on the sleepy side. The direction of the numismatic market is difficult to judge during this timeframe but I just keep plugging along in anticipation of major forthcoming consignments.

Please consider a purchase as days in the GFRC office without phone orders or email inquiries can get boring.

Again, thanks for checking in at the Blog. Please remember to take care of physical and mental health as both are precious!

See you on Wednesday morning at the Blog.

 

 

 

September 21, 2020

Major Liberty Seated E-Bid Auctions on the Horizon

 

Greeting and welcome to the Blog as we start another regular work week. Thanks for checking in.

While today's Blog edition is composed, autumn is on full display in the front landscaping. The driveway maple's seasonable transition is complete with bright red-orange colors. I will take a photograph shortly and feature in Tuesday's Blog. Burning bushes have also changed into their late September crimson red shades. The fragile birches are quickly moving to their end of season yellow coloring. Only the mighty oaks still remain green. Within two weeks, leaf blowing will be the next outdoor activity.

Speaking of outdoor activities, the perimeter landscaping has been finalized for 2020. Sunday brought the transport of two yards of 3/4" stone to the prepared area under the sunroom. What a relief to have accomplished this final task and clearing the driveway of stone piles. The driveway is unencumbered and ready for the first snow of the season. Following is a picture of the final chapter in the 2020 perimeter landscaping effort.

Completed 2020 Perimeter Landscaping Project

 

Toxic is probably the best description for the state of U.S. politics. A quick morning scan of the online "news" media is troublesome. We appear to have migrated to a win at all cost culture with violence and intimidation being threatened. 2020 is a terrible year with the finale being written during the next 120 days. As usual, my advice is to stay focus on those activities that bring a sense of peace and happiness. Online news junkies should be well aware of the negativity and the potential impact on mental well being.

 

Substantial Liberty Seated E-Bid Auctions on the Horizon

GFRC is thrilled to report that two huge new consignments are under discussion. Both consignments involved substantial quantities of CAC approved Liberty Seated coinage. In both cases, the collectors desire to redeploy their numismatic capital towards purchasing new homes. I see a trend of those at or approaching retirement age seeking winter homes in the southern states. Eventually, they sell their nothern or upper mid-west homes for a full time southern residence.

I can report that both consignment sales will be conducted via the new GFRC E-Bid Auction format. Community members have watched the collector friendly GFRC sales approach and the fresh concept of no buyers premiums! Sellers only pay a regular consignment commission for their lots that sell at an E-Bid Auction. This sales method places more monies in consignor's pockets given GFRC's low operating overhead.

Presently, the auctions are targeted for mid to late October and mid-November. Both sales will be populated with a high percentage of CAC approved Seated coinage that should bring spirited bidding. Collectors are encourage to save up their spare change for these events as the combined retail value is estimated at $250,000.

 

GFRC Consignment Queue Status

The week starts with four main consignments in the processing queue along with a substantial amount of raw coins to be pulled from Dansco albums. Here is a quick summary of what to expect for new offerings before GFRC prepares for and attends the Manchester NH Coin Expo.

Pikes Peak Collection - An eighteen piece Capped Bust half dollar lot

Osprey Collection - An eclectic mixture of early type coins, most being low grades

Lenny Rizzo Collection - A pleasing new offering of Capped Bust and Seated coins with half being CAC approved

White Pines Collection - This offering has already been announced and itemized in the Blog. The consignor requested that I submit the non CAC approved coins to CAC before selling. This was done on Satuday resulting in a delay of the offering. While the coins are being evaluated in Far Hills NJ, I will process the images and finalize pricing. This consignment will post early next week once CAC results are known.

 

Global Financial News

There is little optimism to be found in global equity markets. We start the week with market futures being solidly negative. The malaise is rampant in Asia, Europe, and the United States. Could fears of a contested U.S. presidential election and associated violence be driving investor fears? Following are market futures courtesy of Seeking Alpha.

In Asia, Japan +0.2%. Hong Kong -2.1%. China -0.6%. India -2.1%.

In Europe, at midday, London -3.4%. Paris -3.2%. Frankfurt -3.2%.

Futures at 6:20, Dow -2.1%. S&P -1.9%. Nasdaq -1.9%

Spot gold has pulled back slightly to $1930/oz while crude oil is holding onto the $40 level at $40.37/bbl. The 10 Year U.S. Treasury bond yield has moved down to 0.66%. I use the Treasury bond yield as risk adverse barometer. If the yield moves below 0.64%, there is a flight to safety of U.S. Treasuries.

 

Wrapping Up The Blog

Monday brings a full day in the GFRC office. There is a substantial amount of morning shipping followed by an afternoon of Pikes Peak image processing. If all goes to plan, I will have a large Capped Bust half dollar client gallery for Tuesday's Blog.

Weekend sales could be characterized as partially quiet like partially sunny skies. September is always an odd month on the numismatic calendar and this year is no different. I'm working diligently to add more new offerings to the 30 price list. That effort is bearing fruit with 150 offerings as of this morning.

Purchase orders and consignment proposals are sincerely appreciated. Please call or email to discuss what is under purchase consideration or a potential consignment. I'm also all ears if you have coins to sell that will fit into GFRC product lines.

Wishing everyone a safe day. Please focus on happiness and emotional well being.

 

 

 

 

September 20, 2020

Maine Autumn Foliage Transition Report

and

More Carson City Coinage from Murphys Collection

 

Greeting on a Sunday morning and welcome to the Blog. Thank-you for visiting with me.

Fantastic and absolutely perfect are best to describe current southern Maine autumn weather. How I enjoy working outdoors in low 60 degree sunshine and low humidity. Today's weather will be a "carbon copy" of Saturday's. I was up early at 4:00 AM to get a head start on the Murphys Collection client gallery. The outdoor temperature, at that time, was a cool 34F but the homestead was toasty warm due to solar heating from the prior day.

I love composing the Blog on a Sunday morning as there is no time pressure. Without morning shipment preparations, I have an incremental four hours of time to work with at a relaxed pace. Let's get on with today's edition.

 

Southern Maine's Autumn 2020 Foliage Season Update

This year, I am documenting the Autumn 2020 foliage season in the Blog. Last Sunday brought the second of weekly panoramic images taken from the back deck to capture autumn's color progression.

Today's image illustrates increased color progression against a clear blue sky backdrop. The low humidity is readily evident in the below image. One of the two maples on the right has now turned a bright red. Gold, crimson, and yellow colors are becming more apparent. If looking carefully at the lower right in front of the settler's wall, grass is being to sprout. The stone wall is providing enough shade to allow moisture to remain in the ground and activate the grass seed. Unfortunately, unshaded areas dry out immediately after the limited rain and have yet to produce any grass seed germination.

We are now less than a month away from peak foliage colors. I have a feeling that next weekend's horizon capture will have more intense colors as the beginning of October approaches.

Please feel free to click on the images to access high resolution versions.

 

Southern Maine - Autumn 2020 Foliage Status - September 20, 2020

Southern Maine - Autumn 2020 Foliage Status - September 13, 2020

Southern Maine - Autumn 2020 Foliage Status - September 6, 2020

 

Wrapping Up Perimeter Landscaping for 2020

Saturday's autumn weather was much too nice to spend the afternoon in the office writing coin descriptions. By 1:00 PM, my attention shifted to wrapping up the last of the homestead perimeter landscaping projects. The area under the elevated sun room is ideal as a firewood seasoning location. Over two decades, weeds had compromised the old weed barriers resulting in an eyesore. No amount of Roundup could kill the root systems that progressed under the weed mats. The solution was to completely dig up the area to a depth of four inches and install new a fresh weed barrier and a thick layer of 3/4" stone.

Here is an image taken with most of that area being dug up. Before calling it a day on Saturday, the entire area was prepared with new weed mat installed. Several tractor cart loads of stone were transported and laid into place to secure the barrier. Today brings multiple loads of stone to finalize this project. The removal of the patio bricks along with their clean-up and repositioning will be delayed until 2021. My heart wishes to spend more time improving the Ledge Hill Trails area for daily autumn walks down to the natural spring. A small dam and waterfall project is currently in the planning phase for the first natural spring as a learning exercise for the second large spring to be uncovered next summer.

Last of the Perimeter Landscaping Projects for 2020

 

More Carson City Coinage from Murphys Collection

The Murphys Collection is back with yet another strong consignment that features Carson City coinage other than an 1844-O Doubled Date Seated half.

Please pay special attention to the opening highlights which include an 1875-CC WB-1 half with Bugert's R6 rarity rating. This piece has mirrored fields that are partially toned a rose-gold. To the right is a super original 1875-CC WB-10 half with CAC approval. Mixed into the lot are the popular 1844-O double date and an 1878-CC Morgan with 95 degree reverse rotation left. The 1844-O was previously sold by GFRC into the Murphys Collection. That record is available in the Sales Archive.

First Right of Refusals are always welcomed on these Murphys offerings and any other client gallery when posted in the Blog. Look for this lot to reach the price list on Monday or Tuesday.

 

Latest Carson City Coinage Offerings from the Murphys Collection

1875-CC WB-1 R6 PCGS AU50 50C                                               1875-CC WB-10 PCGS EF45 CAC 50C

    

     1877-CC PCGS MS63 25C                                              1844-O Doubled Date PCGS VF30 50C

    

           1877-CC PCGS VF25 25C                      1877-CC WB-15 PCGS VF25 50C               1878-CC 95 Deg Rev PCGS EF40 $1   

            

 

October Consignment Window is Wide Open

As of this morning, there are no major "firm" consignment commitments for the October and November timeframe. I am in discussions concerning a substantial lot that would require the E-bid Auction online platform.

If you have been contemplating the thought of rationalizing a personal collection towards raising fresh numismatic capital, GFRC can help. New offerings are the lifeblood of any numismatic business. The marketplace is competitive and an ideal time for consignors to secure the best possible terms. GFRC brings its unique business model and personalized service into play for each consignor. I will not compromise on commission rates to secure consignments. However, the advice and guidance are special service attributes that allow consignors the ability to sit back and relax when their coins are being sold.

 

Wrapping Up The Blog

I hoped that you've enjoyed today's Blog edition.

Sunday schedule includes working in the office until 10:30 AM loading the balance of the City By The Bay Collection pieces to the price list along with those of Dr. Glenn Peterson. Afterwards, Murphys Collection will be loaded into the COIN system with pricing recommendations submitted to the consignor for approval.

Thanks again for stopping by at the Blog.

 

 

 

 

 

September 19, 2020

City By The Bay Collection Duplicates to Consider

and

More Top Quality Oakdale U.S. Gold

 

Greetings on a Saturday morning and welcome to a weekend Blog edition.

The next three days in southern Maine will be just spectacular weather wise. Keeping me in the GFRC office will be very difficult as I live for ideal outdoor working weather. Starting today, skies will be cloudless for seventy-two hours along with low humidity. Daytime highs will be in the low 60s and dropping into the low 40s for overnight sleeping. The homestead perimeter landscaping project will see attention this afternoon and on Sunday morning. Meticulous clearing of the Ledge Hill trail to the natural spring is a second agenda item.

 

GFRC New Offerings Posting Strategy for Next Ten Days

GFRC customers, who frequent the price list, will notice that raw coins are being posted. There is a substantial amount of raw coins that have accumulated in the office safe as my tendency is to post TPG holdered coins first. Yes, this is an operating weakness on my part as there are still consignors who wish to sell raw coins. Moving forward through the Manchester NH Coin Expo timeframe, I will be posting a balance of holdered and raw coins to the price list towards making a dent in the accumulated inventory in the safe. By their nature, raw coins tend to be lower priced or have technical issues that hold back TPG certification. I will be calling them as I see them....

 

City By The Bay Collection Duplicates to Consider

A new "duplicates" consignment from the City By The Bay Collection recently arrived and was placed at the top of the price list posting queue. Four of the six consigned pieces were purchased from GFRC which means that images and prior descriptions exist in the COIN database. These situations save me considerable time and facilitate rapid movement into the price list. Therefore, I give these types of consignments a fast track through the GFRC office.

Following are six quality Liberty Seated coinage duplicates to consider on a Saturday morning. The obvious highlight is a choice original 1861-S CAC approved Seated quarter that should garner serious attention. This piece is formerly from the Saw Mill Run Collection and last appeared on the GFRC price list during June 2018. Its stay on the price list was brief before being purchased by the City By The Bay Collection. The 1864-S dime is a quality item that comes from outside the GFRC community. The 1874-S and 1889-S dimes are from my personal collection and make a new appearance. The 1874-S F-102a is also the Greer plate coin for the Small Thin S die variety. As a Liberty Seated dime researcher, I hope that we can maintain important plate coin pedigrees. I'm doing my part by continually recording these pedigrees within the descriptions and Sales Archive.

 

City By The Bay Collection Duplicates to Consider

1861-S, PCGS VF20 CAC 25C

   1864-S F-101 PCGS EF45 10C                   1871-S F-103 PCGS AU50 10C                      1874-S F-102a PCGS AU50 10C

            

 1889-S F-101 NGC AU58 10C                        1876-S NGC MS63 25C        

      

 

More Top Quality Oakdale U.S. Gold

The Oakdale Collection consignor has become a steady source for quality U.S. gold. Following are three new arrivals to consider. We open with a difficult 1855 Type 2 gold dollar with pronounced green-gold coloring and CAC approval. The 1894 $10 eagle brings PL fields to the price list along with pretty orange-gold shades. A 1901 PCGS MS63 CAC approved eagle rounds out the new offerrings.

Look for these pieces to reach the price list today. Already, there has been an inquiry on the 1894 eagle.

 

More CAC Approved Oakdale Collection U.S. Gold

1855 Type 2 PCGS AU55 CAC G$1

1894 PCGS MS63 CAC G$10                                                   1901 PCGS MS63 CAC G$10

    

 

Getting Back to Dr. Glenn Peterson Dansco Album Offerings

The following three Liberty Seated halves originated from Dr. Peterson's Dansco album and were sent to PCGS for certification. All were "bagged" by PCGS to my chagrin. I've decided to sell these as raw with an accurate explanation of the surface considitions that PCGS did not like. Prices will be set accordingly. These Seated halves originated from an Dansco album and will most likely be heading back into another Dansco album collection.

 

Dr. Glenn Peterson - Dansco Album Seated Half Dollar Offerings!

 1843 WB-5 Raw AU53 50C                      1844 WB-14 Raw EF40 50C                      1866 Motto Raw AU55 50C

            

 

GFRC Table Location Status at the Manchester NH Coin Expo

Friday brought a letter confirmation from Ernie Botte that GFRC is ready to go for the Manchester NH Coin Expo. I've paid in full for a corner table and waiting for the table assignment with the show starting in less than two weeks. A quick email exchange with Ernie revealed that he is still working through the list of attending dealers and trying to wrap up attendance commitments. Based on which dealers show-up for the event, GFRC may be able to garner an improved table location closer to the entrance. As soon as I am assigned a location, an announcement will be shared in the Blog.

 

Consignments Wanted Plus 85% CAC Buyback

85% CAC Buyback

Friday brought a second inquiry concerning the GFRC 85% CAC coin buyback program. The subject coin is an important U.S. gold piece and presently waiting on the client for his decision. The client was concerned that I would not honor the 85% CAC buyback commitment given the high value of the coin. Please let me be clear. GFRC will buyback ANY CAC approved coin it has sold to customers at 85% of the purchase price. I need as many CAC approved coins in inventory as possible in support of the upcoming CDN Publishing marketing campaign.

Consignments Wanted

A new consignment window arrives in the October timeframe. The Twin Lakes Collection has committed a thirty-two piece PCGS AU58 consignment that includes a host of duplicates. About half the lot is CAC approved. This consignment ships early next week and will be the first lot to be processed after the Manchester show. Otherwise, I am soliciting your consignments whether a small three to four piece lot or a substantial collection.

CAC submissions are possible for those consignments that are substantial and warrant a trip to Far Hills, NJ. Collections that have been off the market for at least five years are prime candidates. Let's remember that if you have purchased a coin via major auction house in the past two or three years, there is a high probability that these coins have already been reviewed by CAC. I wish to submit coins that have a reasonable chance of being stickered.

 

Wrapping Up The Blog

The gravitational pull from the outdoor landscaping is already impacting my psyche. The front yard is a bird playground with much activity outside the office window. I have a full morning workload including order shipments, a CAC submission, and price list postings before spending part of the afternoon working in the yard.

Thanks for checking in on an autumn weekend morning. Please remember to be safe and well.

 

 

 

September 18, 2020

Welcoming Back a GFRC Friend

and

Consolidation of Gold Prices is Positive Development

 

Greetings and welcome to the Blog on a Friday morning. Your daily visits are sincerely appreciated.

I awoke early to an unexpected surprise; rain! Though not a substantial amount, the showers are a welcome sight. After spending Thursday afternoon moving the firewood into the garage and cleaning branches and pine cones from the front landscaping, the earth's dry conditions were readily apparent. Ant hills are multiplying quickly in the parched ground. The brown grass is crispy with dust everywhere when using the John Deere tractor.

Today's Blog edition will contain some personal commentaries as I don't have a substantial amount of coin images or GFRC news.

 

Whitman Terminates Efforts for Replacement Winter 2020 Baltimore Show

Thursday brought an email from Whitman's Lori Kraft announcing that efforts for finding an alternate location for the Winter Baltimore show had not been successful. She mentioned that 60% of dealers had responded on a positive basis towards attending a "Southeast" located show. Securing an appropriate sized facility plus dealing with Covid-19 restrictions proved to be too challenging. Instead, Lori closed her announcement by promoting the Spring 2021 Baltimore show in late March.

With the Fall Long Beach show canceled, all eyes now turn to the January 2021 Winter FUN show in Orlando. GFRC has financially committed a corner table at this scheduled show. I will be flying solo and without David Perkins as a table mate if the FUN show show is held.

 

Welcoming Back a GFRC Friend

The year 2020 is one that most of us will wish to forget. Between Covid-19, riots, and a contentious presidential election with excessive media drama, it is difficult to remain positive and happy. If spending time online, we are quickly surrounded by doom and gloom.

I've done my utmost, in the Blog, to steer clear of that doom and gloom and continue writing in a positive and uplifting manner. As a role model, I've dramatically reduced time on media portals and encourage readers to do the same. During 2020, seeking happiness has become a managed activity and not sometime we just take for granted. If appears that my daily ramblings are having an impact. Thursday brought an email from a semiconductor industry consultant who is also a Blog fan. He shared the following.

Hi Gerry,

Awhile back you had talked about getting away from the news media for the sake of one's mental health.  I had been watching the nightly news every day and found myself anxious in the evening when I was in a good mood most of the day.  I stopped watching the nightly news but continue to skim the daily paper, taking in the news in the doses I want. 

It has really helped!

Thanks for the good advice!

Later in the day, my heart was again warmed by an email from a GFRC client who had cut ties with me. His challenges with depression had been exacerbated by the state of the news media and Covid-19 leading to an unpleasant email event. I'm thrilled to report that this individual is back! After posting two scarce $5 U.S. gold pieces on Thursday afternoon, this individual has purchased one of those offerings. He indicated that steps have been taken to deal with his depression and he is feeling much better.

Bottomline, we are a community and must take care of each other. I'm doing my small part by writing the Blog and attempting to remain positive about life and sharing basic activities concerning being close to the land and numismatics. Secondly, I work hard to offer great coins at fair prices for supporting those who wish to rotate collection inventories via the consignment business model. The latter point is taking hold as GFRC's Trading Desk activity stands at a record 14% of sales through September 2020. What this means is that 14% of all GFRC revenue results from consignors using their available credit to make incremental GFRC purchases.

 

Early $5 U.S. Gold New Purchases

Recently, I took in two scarce $5 U.S. gold dates on a trade basis. These pieces were posted to the price list yesterday afternoon at modest mark-ups. It only took several hours before both pieces were purchased. Again, an old GFRC friend purchased one of the two pieces. I'm so pleased to have him back in the fold.

Early $5 U.S. Gold New Purchases

        1850 PCGS AU53 G$5                                                       1874-S PCGS VF30 G$5 - Rare Date

    

 

Last of the Pikes Peak Collection Seated Halves

Following are three quality Liberty Seated halves from the Pikes Peak Collection and the last of his Seated offerings. Remaining is a fairly large lot of Capped Bust halves to be posted next week. The Seated halves are posted to the price list and I see that an overnight order has arrived for the 1878 half.

Last of the Pikes Peak Collection Seated Halves

1872  PCGS EF45 50C                                1872  PCGS VF25 50C                               1878  PCGS VF35 50C 

            

 

Consolidation of Gold Prices is Positive Development

I've been carefully monitoring the behavior of the current spot gold rally and sharing my insights in the Blog. I warned readers to be cautious when gold prices were spiking upward and reminded everyone that gravity also applies to commodities. I sat on the sidelines when spot climbed about the $1900/oz mark based on the past performance during the 2011 timeframe. Time was necessary to watch trader action and technical chart behavor.

Today, I am reporting that my attitude towards gold is once again bullish. Earlier this week, I purchased a small gold bullion deal and will begin purchasing numismatic/bullion gold, on a trade basis, if clients wish to convert recent gold gains into collector coins. Why the change of attitude? The following Kitco 10 Year Technical chart tells the story. The technical action between 2011 and 2020 was similar until prices reached their peaks. Subsequent trading action illustrates a marked difference. The 2011-2012 timeframe brought a period of speculative trading that was primarily driven out of Asia. U.S. banks were working overtime to short gold towards bringing prices down. The present 2020 timeframe is difference. Gold prices have consolidated at the $1920 - $1970 level. Major U.S. banks are supportive of this level. U.S. pension funds are beginning to invest in gold as an alternative to near zero interest rates. Warren Buffett has shifted from seeing gold as a "relic" to taking a substantial position in American Barrick (ABX).

Kitco 10 Year Technical Chart

Price Consolidation at $1920 - $1970 Level

 

GFRC 85% CAC Buyback and TPG Graded Gold Trading

I'm now bullish on two market trends; CAC approved early type coins and TPG graded numismatic/bullion gold. This week, I announced the willingness to purchase GFRC sold CAC coins at 85% of sale price. Now, I am announcing the willingness to purchase numismatic/bullion gold, on a trade basis, at 5% back of spot and will do this until my working capital is exhausted. What is numismatic/bullion gold? These are $10 eagles and $20 double eagles where the value is driven by the bullion gold content and not primarily by numismatic value. My focus will be on TPG graded gold at the AU58 through MS62 levels. Sorry, I'm not a player for junk gold coins.

 

Global Financial News

U.S. equity markets are treading water this week. Uncertainty is building as another wave of Covid-19 permeates through Europe along with the excessive drama of the upcoming U.S. elections. Asia markets are generally positive while Europe and the U.S. are flat. Following are market futures courtesy of Seeking Alpha.

In Asia, Japan +0.2%. Hong Kong +0.5%. China +2.1%. India -0.3%.

In Europe, at midday, London -0.2%. Paris -0.3%. Frankfurt +0.1%.

Futures at 6:20, Dow flat. S&P flat. Nasdaq +0.6%.

Spot gold continue to consolidate in a predictable trading range. The current Kitco quote stands at $1952/oz. Crude oil has found some near term lift with a morning quote of $41.34/bbl. The 10 Year U.S. Treasury bond yield is flat at 0.68%.

This Seeking Alpha headline cast doubt on the U.S. Covid situation and the probablity of the Winter 2021 FUN Show taking place. I can see a small regional coin show being possible but not a massive 500 table show with guests from throughout the U.S.

New COVID-19 restrictions across Europe. Targeted lockdowns and local restrictions are returning to Europe as the region tries to avoid broad economic damage amid a surge in coronavirus cases. "Weekly cases have now exceeded those reported when the pandemic first peaked in Europe in March," the WHO's regional director for Europe Hans Kluge told an online news conference. "Although these numbers reflect more comprehensive testing, it also shows alarming rates of transmission across the region." Pubs and restaurants must shut early and household mixing has been limited in northeast England, while social gatherings of more than six people have been banned across the country. French authorities are meanwhile preparing tighter restrictions in several cities, while Spain's Madrid has moved to "reduce mobility and contacts" in areas with high infection rates.

 

Wrapping Up The Blog

Yes, I will be in the GFRC office the entire day focused on adding more coins to the price list and processing images.

Thanks for checking in with me on a Friday morning. Your inquiries on a host of topics, whether purchases, consignments, or selling offers are most welcomed. GFRC is evolving into a full service numismatic dealer and I look forward to supporting our community.

See you on Saturday morning. Be safe and well out there.

 

 

 

 

September 17, 2020

GFRC 85% CAC Buyback - Quick Response!

 

Greetings and welcome to another session of daily numismatic ramblings known as the Blog.

The Southern Maine autumn 2020 foliage season has begun to accelerate. Leading the way are maples. In just a few days, the large driveway maple will be mostly orange and gold colored. The "burning bush", that is viewed from my office window, is approaching full burgundy. Birches are beginning their color shift with yellow highlights. Temperatures remain seasonal. Unfortunately, there is absolutely no rain in sight with lawns turning a full yellow-brown.

There is little prepared for today's Blog edition. Wednesday brought heavy shipping followed by an afternoon of grocery shopping and appointments. I worked late into the evening to post the balance of the new Osprey U.S. gold consignment along with an 85% CAC Buyback lot. Let's explore that topic in more detail.

 

GFRC 85% CAC Buyback - Quick Response!

In Wednesday's Blog, I offered to purchase previously sold GFRC coins at a no question asked 85% buyback. This was not a frivolous statement. Rather, I am on a mission to increase CAC approved inventory in advance of an October-November CDN Publishing marketing campaign. The offer also validates GFRC willingness to stand behind the coins it sells to clients on a long term basis.

Evening brought an email from the New Hampshire Collection consignor. It seems that my buyback offer brought about a review of several PCGS box of 20 collections and a rationalization of holdings. This individual quickly decided to sell several "non-core" holdings for raising fresh numismatic capital. Within minutes of reading his email, I agreed to the buyback and worked out a USPS transfer method under GFRC business insurance. Four gem coins will ship today and be in the Maine office on Friday. I've taken the liberty of promptly posting these pieces onto the price list as the client's original purchase prices. Readers can verify this fact by checking the Sales Archive. To save you a trip to the 30 day price list, following are those coins. Please understand that images date back to 2018 and are no longer consistent with present day procssing quality. In particular, the 1942 PR67 Walker must be re-photographed to capture its true in-hand beauty.

 

Initial GFRC 85% CAC Buyback Offerings

                  1935-S PCGS MS65 CAC OGH 5C                                   1931-D PCGS MS64FB Gold CAC Rattler 10C 50C     

    

    1806 O-115a PCGS VF35 CAC 50C                                              1942 PCGS PR67 CAC 50C          

    

 

Two Low Grade 1852 F-110c Dimes Surface During Past Week

Being the Liberty Seated dime die variety expert, I often receive emails and text messages from collectors and dealers when something "odd looking" is located. During the past week, two reported examples of the 1852 F-110c terminal die state were reported. Both pieces grade G-VG. Following is an excerpt from the 1852 F-110c die variety page as featured in The Definitive Resource for Liberty Seated Dime Variety Collectors.

1852

Variety 110c

 Obverse 8.4: Severe Die Crack At Bottom of Date, Retained Cud, Terminal Die State

Reverse J.2: Lightly Cracked Die

        

 

I rate the 1852 F-110 die state as R7+ in VF or better. When appearing in problem free G-VG, the rarity probably drops to low R6. Estimate of fair market value is between $250 - $350. Currently, I am pricing any Liberty Seated dime with a bold retain cud at a minimum of $250 regardless of grade.

 

Manchester NH Coin Expo Update - October 1 - 2, 2020

The "Manchester NH" coin show is just two weeks away. It has been months since GFRC went through the process of selecting inventory and packing boxes and supplies for a live coin show. Will I still remember how to conduct error free preparations?

I checked the NH Coin Expo website for the latest updates. The attending dealer list is posted and indicates a strong New England regional showing. I have yet to be given a table assignment and will share that information, in the Blog, once available.

 

Global Financial News

As the U.S. presidential election nears, a sense of pessimism may be setting in. Media bias and manipulation are rampant. The days of objective "news" reporting are long gone as media companies work consistent with their political mandates. This pessimism appears to be weighing on equity markets along with the potential for a contested election; a disaster for the American democracy.

Morning market futures are solidly in the red across the globe.

In Asia, Japan -0.7%. Hong Kong -1.6%. China -0.4%. India -0.8%.

In Europe, at midday, London -0.6%. Paris -0.9%. Frankfurt -0.4%.

Futures at 6:20, Dow -1%. S&P -1%. Nasdaq -1%.

Spot gold remains in a tight trading range with a morning quote of $1946/oz. I'm beginning to watch gold's technical performance for signs of a next signifcant move. Banks and investment houses continue to forecast gold pricing to be in the $2000 - $2300 range during the upcoming three years. Fresh mining supplies remain tight. Any dip below the $1900/oz level will probably trigger a quick buying response as I don't anticipate central banks unloading their gold holdings in the age of zero interest rates and ongoing debt creation. The key question is, "where do we go from here?'

Crude oil has worked its way back to the $40/bbl level while the 10 Year U.S. Treasury bond yield stands at 0.65%. I know of at least one GFRC customer who has refinanced his mortgage and is leveraging the extra cash to fund his numismatic hobby.

 

Wrapping Up The Blog

What does my day look like?

Morning shipping is reasonable along with overnight orders being quiet. I hope to have shipping wrapped up by 10:30 AM and quickly pivot towards incremental image processing of the Murphys Collection's Carson City coinage and a few more Seated halves from the Pikes Peak Collection. There is also a pile of raw coins that I would like to work through and provide inexpensive alternative offerings for value buyers in the community.

Please check the 30 day price list during the mid to late afternoon hours for new offerings.

I definitely need to wash the Mazda Miata and begin moving some firewood into the garage as a break from the day's GFRC workload.

Thanks for checking in at the Blog.

 

 

 

September 16, 2020

Sleepy September has Awakened!

and

GFRC Buying CAC Approved Coins at 85% of Sale Price

 

Greetings and welcome to the Blog on a Wednesday morning. Can someone please slow the earth's rotation to make days longer?

The southern Maine autumn transition continues unabated based on a quick look at the seven day weather forecast. Sadly, there is no rain in the forecast with low temperatures moving to the mid 30s in a week's time. Daytime highs will struggle to reach 70F. As a lifelong Mainer, I love this time of year for working outdoors and comfortable sleeping. Sure, the Florida t-shirt and shorts lifestyle will be put on hold until the Thanksgiving timeframe or maybe a bit later this year. Prior to the end of September, firewood will be moved from the drying location, under the sunroom, to the garage. The start of wood burning season correlates well with peak foliage colors.

 

Sleepy September has Awakened!

Did someone flick the GFRC order switch? What happen?

Like magic, Sleepy September is no longer and I'm thoroughly pleased. This image illustrates the day's shipping queue. Each box must be invoiced, packed and taped before Doug the mailman makes his daily stop at noon time. As a result, today's Blog edition will be brief as overnight orders are waiting in my email Inbox along with this shipping workload.

GFRC Shipping Queue - September 16, 2020

 

GFRC Approves CDN Publishing Ad Campaign

It did not take long for the CDN Publishing staff to develop a new GFRC ad campaign. Yesterday brought the approval of a 1/4 page advertisement that will appear in the November CAC Rare Coin Market Review. I will also be funding my first CDN email blast targeted for the end of October. The time has come to introduce GFRC to the entire numismatic marketplace.

My belief is that GFRC remains a well kept secret outside the Liberty Seated coinage community. Advertising GFRC's 300+ CAC coin inventory along with expanding consignment procurement efforts is a year end priority. Matt Yamatin's auction software will (should) be completed at some point in the 4th quarter. GFRC E-Bid Auction service will add a new dimension to the business model.

 

GFRC Buys Back CAC Approved Coins at 85% of Sale Price

Please remember that GFRC will buyback any, yes any CAC approved coin that I have sold for 85% of the sale price. The COIN database has precise records of every transaction since 2014. It will take only seconds to make you an offer. I will gladly take CAC approved coins on trade or will write a check for your offerings.

Given the upcoming CDN Publishing marketing efforts, raising the level of CAC approved inventory is paramount. Near term goal is to increase that inventory level to a steady state 350 pieces. The challenge is restocking the numerous CAC approved coins that sell so quickly. Making CAC approved coins at Far Hills, NJ is becoming more difficult unless an old time collection appears. Nearly all non-CAC approved coins in the marketplace have been through at least one CAC submission.

 

Consignment Queue Status

I continue to process consignments on a FIFO basis along with using lower priced offerings as an inventory filler between major consignments. Today will bring the remaining Osprey gold pieces to the price list. Up next is a lovely lot of Carson City coinage from the Murphys Collection followed by a lot of Capped Bust halves from the Pikes Peak Collection.

Yesterday's posting of the White Pine Collection's "Top of the Ladder" offerings brought a host of First Right of Refusals. Those emails are stored in my Inbox and will be referenced once the White Pine consignment elevates to the top of the GFRC processing queue.

 

Consignments Wanted for October Timeframe

The present consignment queue will keep me busy through the end of September and into the Manchester NH Coin Expo (October 1-2). Afterwards, more consignments are being solicited for the month of October. As long as proposed consignments are consistent with current GFRC product lines and price range, I will be all ears to your proposal.

 

Global Financial News

U.S. equity markets have overcome the recent sell-off and are once again slowly building upward momentum. Morning market futures indicate a positive opening at 9:30 AM ET. In Asia and Europe, market futures are mixed.

In Asia, Japan +0.1%. Hong Kong flat. China -0.4%. India +0.7%.

In Europe, at midday, London -0.1%. Paris +0.2%. Frankfurt +0.1%.

Futures at 6:20, Dow +0.5%. S&P +0.5%. Nasdaq +0.5%.

Spot gold prices continue to inch upward with an early Wednesday quote of $1973/oz. Crude oil prices have found some temporary lift as Gulf of Mexico oil production is temporarily halted due to Hurricance Sally. The 10 Year U.S. Treasury yield is steady at 0.68% and looks to be holding that level for quite some time based on the following Seeking Alpha headline.

No rate hikes until 2024? Get ready for another Fed-filled session following the recent symposium in Jackson Hole and the first meeting since Chairman Jerome Powell announced a greater tolerance for inflation. While the central bank is expected to keep rates on hold, the "dot plot" is likely to show interest rates will stay close to zero through the end of 2023. The Fed may also note an improved economy, but not celebrate it, and markets are hoping for a more accommodative stance. Bigger questions will touch on the scale and composition of its bond buying, and the Fed's long-term plan with its $7T balance sheet.

 

Wrapping Up The Blog

Today's Blog edition will be promptly published at 8:00 AM followed by a quick shower and full morning in the GFRC office. The shipping queue is substantial and will take much of the morning to execute.

I will be out of the office during the later afternoon hours. Now that the upstairs bathroom remodeling project is completed, the garage can return to normal. Pete Theberge used one of the garage bays as his workshop. The Miata is covered with wood and stone dust and requires a thorough washing before heading into Windham for an appointment and grocery shopping.

Thanks for checking in at the Blog and please keep those orders coming! I will do my part by working later this evening and posting more new offerings on the price list.

Remember to be safe out there!

 

 

 

September 15, 2020

Significant Early Copper and U.S. Gold - Osprey Collection

and

White Pine's "Top of the Ladder" Consignment

 

Greetings on a Tuesday morning and the September mid-point. How time moves along so quickly. Thanks for checking in at the Blog.

Southern Maine temperature has dropped ahead of forecast during the overnight hours. At 6:00 AM, the local temperature was 37F with the homestead feeling a tad cool. Gone are shorts and t-shift attire for the GFRC office. Today's high will reach all of 66 degrees but under bright sun.

Today's Blog edition will be a varied group of GFRC business topics. Let's start with the West Coast Collection consignment debut on Monday.

 

West Coast Collection Debut Achieves 55% Sales Rate

The West Coast Collection offering of fresh Liberty Seated quarters and dimes was a noteworthy GFRC sales event. This lot has been off the market for years as witness by the PCGS Gen 4.4 (2005-2011) holders. Most of the offerings were sourced raw from coin shows and eBay followed by grading and CAC submissions. Strict originality was the focus of this individual, which resulted in a strong debut performance.

Several GFRC customers attempted to make purchases once the lot reached the price list. This consignment was carefully marketed from an initial itemized listing in the Blog along with several smaller client gallery postings. Each marketing illustration brought more First Rights of Refusals that led to Monday's strong debut.

The star of the lot was the 1850 PCGS AU50 quarter that was quality rated as a gem. There were eight people on the coin. Interestingly, the first two individuals with FRoR access passes due to price. The third person recognized the gem eye appeal and paid the price. Others behind the third person were also committed to making the purchase.

By end of day, the West Coast Collection debut had achieved a 55% sales rate. All the Liberty Seated dime duplicates were sold. I'm surprised that the 1839 PCGS VF25 quarter did not sell. This is a most attractive piece with eye appeal above the assigned grade. As for the 1867 PCGS VF25 CAC approved quarter, I don't understand this date and why it is so difficult to sell.

Overall, I am pleased with the debut sales and believe the consignor is too. His careful selection and grading efforts were validated on Monday.

 

Osprey Collection Early Copper and U.S. Gold Consignment

My attention shifts to a wonderful new consignment from Dan White. The lack of coin shows has not slowed Dan and his search for quality coins to augment GFRC inventory. The headline offerings are substantial and deserve serious attention.

We open with a wonderful 1794 PCGS EF40 large cent with deep chocolate brown coloring that is uniform on both sides. This Head of 1794 offering is one of the three different obverse designs to be struck during 1794. GFRC images are less than spectacular as my Nikon camera has trouble with lighting management on coins that are dark and lack contrasting surfaces. Believe me, this piece is much more attractive and well preserved as compared to the images.

The next highlight is a spendid 1883-CC $5 half eagle gold piece graded NGC AU58 with CAC approval. The orange-gold coloring is most pleasing as are the surfaces. Mintage is a tiny 12,958! There is already an initial First Right of Refusal that arrived late on Monday evening.

If all goes to plan, this lot will post to the price list later today and into Wednesday. Please consider using FRoRs if having potential interest with these offerings.

Significant Early Copper and U.S. Gold - Osprey Collection

1794 Head of 1794 PCGS EF40 1C                                                1883-CC NGC AU58 CAC G$5   

    

 1840 Sm/Lg 18 PCGS VF35 1C                    1873 Open 3 PCGS AU58 G$1                        1853 PCGS AU55 10C         

            

 1873-S  PCGS AU58 G$2.5                         1892-CC PCGS AU55 G$5                         1908 PCGS MS62 G$5   

            

 1915  PCGS MS64 CAC G$5                      1873 Open 3 PCGS AU58 G$20

      

 

Announcing the White Pines "Top of Ladder" Collection Consignment

The White Pine consignor has been active with GFRC since 2017. During that timeframe, I have handled multiple consignments. As is typical with many consignors, who are divesting a long term collection in stages, the lower quality coins are consigned first to test out the GFRC process. Once results are witnessed and confidence builds, a higher quality consignment is submitted. Step by step, consignors will carefully execute the sale of a collection.

I'm pleased to report that the White Pine consignor has reached the "Top of the Ladder" with respect to his divestment activity. His latest consignment is the cream of the cream. Once Diane opened the shipment and placed the PCGS blue box on my office desk, I immediately viewed the contents with many "wows!". This is a special offering that will garner much attention from serious collectors.

Following are the contents of the White Pine "Top of the Ladder" consignment for your consideration. Serious collectors should not wait and promptly submit their First Right of Refusal requests. Please understand that quality at this level will not be inexpensive when the price list debut takes place.

Seated H10c: 1839-O PCGS AU58 CAC (ex Saw Mill Run); 1843 PCGS AU55 heavily shattered reverse; 1853 Arrows PCGS AU58 CAC so choice and original; 1870 PCGS MS62 CAC

Seated 10c: 1843 F-105a PCGS AU50 CAC crusty original

Seated 25c: 1839 Open Claws Briggs 1-A PCGS AU53 ex Kansas Collection; 1842-O Large Date PCGS EF45 steely gun metal gray; 1848 PCGS AU53 CAC Compass Point reverse; 1853 A&R PCGS AU53 CAC; 1855 PCGS MS63+ CAC brilliant mint frosty, accurately graded; 1859 I/I PCGS AU53 CAC so choice; 1873 Arrows PCGS AU53 CAC ebony-gold; 1874-S PCGS VF30; 1881 PCGS MS64 CAC pastel aquamarine-rose with dazzling cartwheels

Seated 50c: 1839 Drapery PCGS AU50 superior for grade, needs trip to CAC; 1841 PCGS AU55 another one for CAC; 1873-CC Arrows PCGS EF45 CAC crusty gray-gold, perfect for grade

Seated $1: 1846 PCGS EF45 CAC light rose-gray, pretty

Gold Lib $5: 1861 PCGS AU58 CAC

 

Global Financial News

Monday's equity market rally has renewed investor confidence. Today's morning market futures, courtesy of Seeking Alpha, are flashing green and another day of gains.

In Asia, Japan -0.4%. Hong Kong +0.4%. China +0.5%. India +0.9%.

In Europe, at midday, London +0.8%. Paris +0.3%. Frankfurt +0.3%.

Futures at 6:20, Dow +0.6%. S&P +0.7%. Nasdaq +0.9%

Spot gold prices are also in rally mode with a morning quote of $1975/oz. Crude oil continues to languish at $37.86/bbl with yet another negative long term growth forecast from the IEA. Following is a Seeking Alpha headline summary.

Sounding the alarm on oil demand. "We expect the recovery in oil demand to decelerate markedly in the second half of 2020," the IEA wrote in its closely-watched monthly report, adding that "the path ahead is treacherous amid surging COVID-19 cases in many parts of the world." Global oil demand growth is now seen at 91.7M barrels per day, marking a contraction of 8.4M bpd Y/Y and more than the 8.1M bpd contraction predicted in the agency's August report. "The economic slowdown will take months to reverse completely, while certain sectors such as aviation are unlikely to return to their pre-pandemic levels of consumption even next year."

 

Wrapping Up The Blog

The 8:00 AM publishing time has arrived and best to hit the upload button as many of you are waiting for access to the White Pine Collection offerings and FRoR determinations.

I plan to be in the office the entire day. Morning brings heavy West Coast Collection Quick Ships followed by an afternoon of Pikes Peak and Osprey Collection price list loading.

Again, thank-you for visiting with me at the Blog! Be safe and well...

 

 

 

 

 

September 14, 2020

West Coast Collection - Liberty Seated Coinage Posted to Price List

and

Pikes Peak Collection - Liberty Seated Halves to Consider

 

Greetings and welcome back to the Daily Blog. Another Monday morning is upon us along with the middle of September.

Southern Maine will begin to experience the annual temperature slide in the coming week. A quick check of the seven day forecast indicates daily highs of only 60F come next weekend. Worst is forecasted evening lows in the upper 30s. If southern Maine is experiencing lows at that level, you can bet that northern Maine will see freezing conditions. Mother Nature is right on schedule!

 

Southern Maine's Autumn 2020 Foliage Season Update

This year, I am documenting the Autumn 2020 foliage season in the Blog. Last Sunday brought the first of weekly panoramic images taken from the back deck to capture autumn's color progression. Today's image illustrates further color progression against a backdrop of clear blue skies. Red and crimson colors are becoming more apparent, especially at the top of the two maples on the right. Subtle yellow coloring is also beginning to creep into the landscape. Unfortunately, the existing lawn in front of the recovered settler's stone wall is turning brown due to lack of rain. The seeded areas are obviously barren for the same reason. The darker brown patches are where loam (top soil) has been spread to cover removed boulders and the old brush burning pit.

Within a month, this entire landscape will become a grand portrait of reds, yellows, and gold with peak colors around October 18. I hope that you enjoy this weekly presentation.

Southern Maine - Autumn 2020 Foliage Status - September 13, 2020

Southern Maine - Autumn 2020 Foliage Status - September 6, 2020

 

West Coast Collection - Liberty Seated Coinage Posted to Price List

I'm pleased to report tht the West Coast Collection consignment of Liberty Seated quarters and dimes appeared on the price list during Sunday afternoon. GFRC staff cataloger, Len Augsburger, did his usual fine job with descriptions. By 3:00 PM, the entire lot was posted with sale orders promptly appearing. Many pieces still have open First Rights of Refusals. I wish to close these out quickly as other regular orders are appearing. If not hearing back by 3:00 PM ET on FRoFs, these pieces will be sold on a first come first serve basis.

 

Pike Peak Collection - Part 3 Liberty Seated Halves

Upon finalizing the West Coast Collection offerings, attention shifted back to the Pikes Peak Collection and a solid Liberty Seated half dollar lot. These pieces are all nicely original and ideal for type collectors or those working on a circulated date and mintmark set. Please give special attention to the 1843 WB-12 and its late die state obverse and reverse die cracks. Several of these items are already posted to the price list with the balance due after morning shipping is completed.

Pikes Peak Collection - Quality Liberty Seated Halves

 1843 WB-12 PCGS EF40 50C                      1853 A&R PCGS VF35 50C                          1854 PCGS EF45 50C    

            

 1855-O  PCGS EF40 50C                          1856-O PCGS AU53 50C                             1856-O NGC AU53 50C

            

 1858-O  ANACS EF45 OWH 50C                      1859-O PCGS VF35 50C                          1869-S PCGS EF40 50C     

            

 

Next in the GFRC Consignment Queue

The GFRC consignment queue remains healthy. Once the Pikes Peak Seated halves are online, my attention shifts to a lovely U.S. Gold lot from the Osprey Collection followed by yet another Carson City Seated quarter and half dollar lot from the Murphys Collection. Waiting in the wings, is a newly arrived "top of the ladder" consignment from the White Pines Collection. This latter offering is simply superb and will garner substantial attention once itemized. This I will do in Tuesday's Blog to set the First Right of Refusal wheels in motion. Please ensure that you check back on Tuesday morning at 8:00 AM ET towards securing first shot for these these exceptional White Pine Collection offerings.

 

Global Financial News

U.S. equity markets took it on the chin last week. The DJIA closed the week at 27,665 after reaching the 29,000 a short time prior. The Nasdaq also suffered losses and closed under 11,000.

Monday morning futures are pointing to renewed buying interest with single point gains forecasted at the 9:30 AM ET opening. Following are market futures courtesy of Seeking Alpha.

In Asia, Japan +0.7%. Hong Kong +0.6%. China +0.6%. India -0.2%.

In Europe, at midday, London -0.2%. Paris +0.1%. Frankfurt -0.1%.

Futures at 6:20, Dow +0.9%. S&P +1.2%. Nasdaq +1.7%.

Spot gold continues to be resilent and opens the day at $1952/oz. I've grown confidence with this pricing level and purchased at gold deal on Sunday at 5% back of spot for U.S. gold eagles. If interested in selling $20 Liberty or Saint double eagles, please send me an email to discuss what is on your mind.

Crude oil is languishing at $37.15/bbl. The following Seeking Alpha headline captures BP's call that the end of oil market growth has been hastened by Covid-19.

Oil demand may never be the same. BP has become the first oil major to call the end of an era many thought would last another decade or more, saying the relentless growth of oil demand is over in its latest energy outlook. Oil consumption may never return to levels seen before the coronavirus crisis took hold and even the firm's most bullish scenario sees demand no better than "broadly flat" for the next two decades as the world moves away from fossil fuels. The forecast helps explain why BP has recently said it would shrink oil and gas output by 40% over the next decade and spend as much as $5B a year building one of the world's largest renewable-power businesses.

 

Wrapping Up The Blog

There is a reasonable morning of GFRC shipping awaiting me given some West Coast Collection purchase confirmations. Pete Theberge is due to arrive at any time to continue wrapping up the bathroom remodeling projects. It is best that I get a quick shower in and focus on packaging and shipping.

Thanks for checking in at the Blog and please consider a purchase for your collection. Consignors are awaiting the sale of their coins towards making their own purchases. Once the Trading Desk wheel is set in motion, many collectors will be able to secure new acquisitions for enjoying their hobby.

See you on Tuesday morning at the Blog. Be safe and well!

 

 

 

September 13, 2020

Taking Personal Responsibility

and

Presenting the West Coast Collection Liberty Seated Coinage Consignment

 

Greetings and welcome to the Blog on a Sunday morning. Thanks for checking in!

Five hours in the woods was the best possible mental therapeutic. Right after uploading Saturday's Blog, I grabbed work clothes and branch cutters for a morning in the back acreage. I emerged five hours later with a fresh attitude for the Blog and the GFRC business. The Ledge Hill trails are now ready for visitors as the trip hazards were removed. Every protruding root has been cut. Sharp edged rocks are gone. Remaining is uneven ground that must be filled in to make passage a mindless activity.

The highlight of the five hour holiday was enhancing the natural spring. A small dam was constructed to raise the pool water level by several inches. I was interested in learning how quickly the water level would rise given the very dry conditions. This one hour experiment will lead to a larger dam and small waterfall attempt before the Florida migration. The aesthetics surrounding the spring continued to be improved with large rocks being rolled into placed to finalize the stone staircase. Sorry, but no pictures are available as I was just too focused on construction and trail cutting.

 

Sleep September is Certainly Sleepy!

I can only speak for GFRC and not other dealers. I wish for consignors to realize that Sleepy September is turning out to be as described; sleepy! Order rates have dropped including those from Collectors Corner. Unit sales and revenue are well behind forecast as we approach the middle of the month. U.S. gold sales have softened. If GFRC was not constantly loading fresh consignments to generate sales, September would be most anemic. Interestingly, the best selling product line is Capped Bust halves...

I suspect that October may not been much better as we approach national elections in early November. The political chasm, social unrest in cities, and elevated fear mongering from various media outlets have many of us distracted. The lack of coin shows is also having an impact as collectors are unable to physically go out and enjoy their hobby along with camaradarie with fellow hobbyist.

GFRC consignment backlog remains very strong as the Summer 2020 Consignment Wave moves into the autumn months. I asked for consignors to exercise patience during the next few months. Your coins are not the issue, rather collectors are being distracted from their hobby.

 

Taking Personal Responsibility

I've decided to share the following blogpost from Seth Godin for a reason. Simply said, it rang true with me. Living a life means making mistakes. We learn by making mistakes, hopefully learning quickly after making a single mistake, worst case after the same mistake twice. While operating GFRC, I've made my share of mistakes and always take each as an opportunity for continuous improvement in work processes. The days of double committing coins, during the First Right of Refusal process, are behind me due to a simple process fix.

What I detest in life are those who are unable to admit a mistake; rather certain individuals always have an excuse or will lay blame somewhere else. My lack of sympathy, for those individuals who are unable to admit mistakes, comes from a long time semiconductor industry supervisor. This German supervisor from Stuttgart, rose to the ranks of Executive Vice President at Fairchild Semiconductor. I followed this individual for years on my career path. Laurenz would never allow his staff to lay blame on others for issues that arose. If business issues took place, he expected each of his staff members to quickly learn from the event, be proactive, and anticipate problems in the future. He had a keen disdain for those in the company who made a habit of creating problems and rushed in to put out the fires they had created. Laurenz expected his staff to execute their roles in an uneventful manner to allow him to focus on higher levels of learning and achievement.

With that preamble, following is a Seth Godin blogpost that captured my attention.

Seth Godin Blog: The honest mistake vs. the intential act

Even though the harm may be the same, we’re much more likely to move on from an acknowledged accidental mistake.

Is it because we know that we’ve made honest mistakes ourselves, and the act of forgiving the other person is a way of forgiving ourselves? Or is it because it feels more random and less personal to be impacted by something that was a mistake?

Or perhaps, there’s some sort of reparation when the other person apologizes and works to improve… as if our suffering made a contribution for others who will follow.

In a third situation, a random accident, where there isn’t a perpetrator, it seems as though we’re the most likely to move on. If the cause is a fellow human, somehow we process misfortune differently. The intention is a double injury.

And yet, after the incident, when each of us is faced with the chance to acknowledge that we made an honest mistake, we often compound the problem and turn it into something more like an intentional act, simply because we’ve been taught to avoid taking personal responsibility.

 

Presenting the West Coast Collection Liberty Seated Coinage Consignment

I am most pleased to be showcasing the entire West Coast Collection consignment this morning.

The West Coast consignor was one of the first individuals to work with GFRC during my start-up phase during 2014. This individual is a tireless entrepreneur who has built a substantial business empire during the past five years. Several weeks ago, I received an email indicating that the time had come to start selling pieces of his core collections. The first would be his Liberty Seated quarters and several Seated dime duplicates.

Upon the consignments arrival, I could immediately see how fresh this collection was. Nearly every coin was housed in PCGS Gen 4.4 (2005-2011) holders with a few others pieces being in even earlier holders. Most were CAC approved. The West Coast consignor has an excellent eye for strict originality and has enjoyed his numismatic hobby as a stress outlet from his hectic career.

As of Friday evening, a pricing proposal was issued to the consignor. Yesterday brought a template file to Len Augsburger, who will be writing his typical authoritative descriptions. By dinner time Saturday, the following client gallery was finalized and posted to the Blog.

Yes, there are many accumulated First Rights of Refusal for these offerings. After today's Blog is posted, I will revisit my email Inbox and record each FRoR in the COIN system. Once pricing is approved and Len completes the descriptions (target is Monday), I will post the lot to the price list and send those with FRoRs an email reminder that a play/pass decision is promptly expected.

Congrats go out to the West Coast Collection consignor for an impressive offering!

 

West Coast Collection Offerings - Arriving to Price List on Monday!

1840 Drapery PCGS AU55 10C                                                   1850 PCGS AU50 CAC 25C   

    

1852-O PCGS VF30 CAC 25C                                                   1875-CC PCGS VF35 CAC 25C

    

 1861-S F-101 PCGS EF40 10C                    1865-S F-102 PCGS EF40 10C                     1871-S F-101 PCGS AU55 10C

            

 1891-O PCGS MS63 CAC OGH 10C               1839 ND PCGS VF25 CAC 25C               1840-O Drap PCGS VF35 CAC 25C

            

1842-O LD PCGS VF30 CAC 25C                1842-O SD PCGS G04 CAC 25C                  1850-O PCGS VG08 CAC 25C   

            

1851 PCGS EF40 CAC 25C                            1851-O PCGS F12 25C                           1853/4 PCGS EF40 CAC 25C

            

1854-O Huge O PCGS VG10 CAC 25C                1856-S PCGS G04 CAC 25C                         1856-S/S PCGS G06 25C          

            

1860-S PCGS G06 CAC 25C                         1865 PCGS VF20 25C                                1865-S PCGS F12 25C   

            

  1867 PCGS VF25 CAC 25C                         1867-S PCGS F12 CAC 25C                          1868-S PCGS VF30 CAC 25C

            

      1871 PCGS EF45 25C                      1873 NA C3 PCGS VG08 CAC 25C                   1873-S PCGS VF30 CAC 25C

            

1877-S/S PCGS VF20 25C                         1880 PCGS VF20 CAC 25C                        1882 PCGS F12 CAC 25C

            

       1889 PCGS EF45 25C                            1891-O PCGS VF30 CAC 25C 

      

 

Wrapping Up The Blog

I hope that today's lengthy Blog edition makes up for yesterday's holiday.

Plans are to be in the GFRC office throughout the early morning and entire afternoon. There are multiple consignments in backlog that need near term attention along with being available for a potential purchase order.

Thanks again for visiting with me at the Blog. Be safe and well!