Northeast's Blog

Chris' Whitman Coin Expo Report New!
11/09/2016

The following was written by Chris.

I’m pleased to be able to report that the Whitman Coin Expo we attended last week was probably our most successful Baltimore show ever, at least in terms of sales. We blew away our sales totals of both the FUN show and the ANA show this year. A primary contributor to this was the strong interest in the high-ticket coins we recently acquired in a seven-figure deal, which you can read about in our blog post from 10/8.

Some notable sales at the show were:

1797 Bust Dime 16 Stars NGC MS63

1880 Trade Dollar NGC PF68* Cameo

1889-CC Morgan Dollar NGC MS61

1900 $2 ½ NGC PF68* Ultra Cameo CAC

1887 $3 PCGS PR66 Cameo

1889 $3 PCGS PR66 Cameo CAC

1903 $5 PCGS PR65 Cameo CAC

All other sales were a decent mix of collector coins as well as a good bit of generic gold. Prices reflected the current market; that is to say, there were no price increases that we noticed in any of the categories. Type coinage, commems, many better date dollars in just average quality still trade back of most published bid levels. Pretty toned coins, especially Morgans, continue to do well and are becoming increasingly difficult to buy at “reasonable” levels.

I was unable to buy as much as I might normally come home with from a fall Baltimore. Part of the reason was my attendance just two weeks prior at the PCGS show in Dallas. There wasn’t as much fresh product from the dealers that I normally do business, considering the fairly short span between those two shows.

While I have not gone through all of Tom’s new purchases, I do believe it was a fairly successful buying showing for him. Marne, our photographer, is working on imaging all of our newps and they will be hitting the site throughout the week.

p.s. The Renaissance hotel that I normally stay at in Baltimore inexplicably got rid of their standard room service. That sucked.

 


That's Gold, Auggie, Gold! New!
10/28/2016

In 1831, Christopher Bechtler (along with his sons, August and Charles) announced that he would process raw gold into coins and ingots. In 1832, he announced that a $1 gold coin would also be available. It was not until 1849, 17 years later, that the U.S. Mint began to issue $1 gold coins.

Using equipment that they made themselves, including a roller, screw press and dies, the Bechtlers struck both $2.50 and $5 coins. Their coin designs were simple, having only the Bechtler name, the value, purity, and location.

Because their coins were not copies of coins produced by the U.S. Mint, Bechtler’s coins were not considered counterfeit. The U.S. Mint repeatedly tested Bechtler coins; finding in each case that they contained the amount of gold claimed and were, therefore, of equal (and sometimes superior) value to U.S. coins of the same denominations. As Bechtler coins made their way into the market they became so popular that in many cases they were preferred over U.S. coins. For some years they were more abundant in the south than U.S. coins.


Million Dollar Collection! New!
10/08/2016

We are very excited to announce the acquisition of a million dollar collection of coins.This collection consists of nearly 30 coins, a few being date or grade rarities and most of them being both. Tom Caldwell, the president of Northeast, was offered the collection and given a chance to view it in person while in California attending the Long Beach Coin Expo last month. An offer was submitted and we were later awarded the opportunity to buy it. 

We now have this amazing collection of coins listed individually for sale at Northeastcoin.com. Every coin qualifies as a highlight, so we won't list them all here. However, there is a teaser list below. Head to our website to view them all.

Northeast is always interested in buying and not every deal has to be a seven figure deal. Big collection or small, we will buy it and we often do travel when the collections warrants it. While this recent collection consisted of high grade, low population rarities, we are active buyers in every day collector coins, rolls, modern material, world coinage, and everything else you see listed on our website. 

Please keep us in mind when the time comes for you to sell part or all of your collection. Thank you!

1898 Barber Quarter NGC PF69 Cameo

1839-O Bust Half Dollar NGC MS65

1858 Seated Dollar NGC PF65 Cameo CAC

1880 Trade Dollar NGC PF68* Cameo

1893-CC Morgan Dollar NGC MS65

1852-C Gold Dollar NGC MS65

1869 Gold Dollar NGC MS68 CAC

1900 Gold Quarter Eagle NGC PF68* Ultra Cameo CAC

1908 Gold Quarter Eagle NGC PF67

1880 Gold Three Dollar PCGS PR65 Cameo CAC

1883 Gold Half Eagle NGC PF67 Ultra Cameo CAC


The Great Variety Hunt New!
09/30/2016
There is 1 comment on this post.

We just purchased 50 unopened 1961 proof sets still in the original mailing box from the U.S. Mint. Brian volunteered to open them all up and check out the Franklins to see if any of them are one of the three Doubled Die Reverse varieties. He's also checking the Washingtons to see if they are the DDO variety. 

Here he is "hard" at work. 17 down with no luck thus far.

 

The proof 1961 Franklin with the strong reverse doubling (FS-801) is the key Cherrypicker variety of all the Franklins. As you can see below, the doubling is easily detectable to the naked eye. The other two varieties, FS-802 and FS-803, require a loupe, as does the Doubled Die Obverse Quarter (FS-101).

 

Comments:
Created by: neadmin on 10/04/2016

0-for-50. Bummer!


We're finally in... New!
09/24/2016

...our new office! Over the past two weeks we have been in the process of moving to a new location. We're still in Concord and in fact are just down the street from our old office. The new office provides us with much needed space.

As every single reader of this blog post knows, moving is not a fun process and our move was no exception. The amount of "stuff" that can accumulate over twenty years in the same place is amazing. But everyone chipped in and we got it done. We've got weeks if not longer of unpacking and organizing ahead of us, but things are now starting to run fairly smoothly and we are back to business as usual. 

For those interested, we've included several pictures of the old office as it got cleared out and also some shots of the new office.

Moving Day #1

 

Moving Day #2

 

Here are some shots of our new place...

Our break room. (As if we take breaks!)

 

Our conference room where we meet with customers.

 

Marne's office. The I Want To Believe X-Files poster is just out of the picture.

 

Here's Brian's area. He got the sweetest desk from the whole move.

 

Christy and Russell share one big office. Here's Christy's shipping area.

 

And here's Russell's (eBay and submission) area.

 

Chris' office. He likes it dark.

 

And finally, Tom's office. If it looks familiar, check out the post titled A Stand Up Guy from last year.

Thanks for looking!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hmmm...how did this get here???