THE SHOW WAS VERY BUSY, MY REGISTRY WILL SHOW

I went to two coin shows this past weekend, one in New Port Richey, Fl., and one [the nation's largest coin club] in W. Palm Beach. I hope you all had a nice wxend. I went to two coin shows, (had two tables at each) one in New Port Richey, Fl., and one in W.Palm Beach. May I add that the one in Palm Beach is the nations largest coin club. I have been in Florida since 1968 and long ago have learned that September is the quietest month and this was my first 'show' as a member of the club. Well, I nearly had time to eat or get a cup of coffee as my coins were being scanned by all the dealers that could break away, and lots of folks wandering in knowing the club meets monthly. The take I get is a lot of folks come around wanting an 'expert' to verify what they did was okay, wanting me to grade and calm their nerves about their new baby (coin) in their house. I heard very little complaints from dealers and I had no time at all to go around and meet them. (I just joined the club) If this interest people are showing in coins and bullion keep up I may never get to meet them. The dealers, of course, wanted to buy as cheap as possible and the custormers were shopping like they were diamond cutters. It is amazing how the average people coming past my tables, (this was my 7th and 8th shows this year and the beat seem to be the same) seem to be very wary and knowledgeable about the coins and bullion. BUT, when someone came by wanting me to verify they did good elsewhere, I could NOT talk them out of their new found bullion even at a profit. All the people were hard pressed to give up their gold and silver, NONE had platinum nor palladium, (save for the dealers had a little Pt and none had Pd). The 100% response from EVERYone seems to be bullish on the metals and bearish on the direction of the economy, inflation and the way the government is handling things. Too many derogitory statments in that regard, and no one stepping forth to offer any advice nor help nor run for office and try to change things.

Conclusion: is simple, the average person out there is on the hunt for something to put his money in and hold it. All are very nervous about the very near future, which is what I have been preaching for a long time. These short term ups and downs in the PM's don't phase me one bit. I am lucky and different from most all of the dealers there. I am retired and don't have to sell something to make ends meet. This coin and bullion trading is for fun and vacation money for me. I have been buying gold, not daily or even weekly but over this year I have accumulated more and more. Several gold coins this wxend, and 80 more silver eagles. I am selling my low grade nusmismatics and buying higher grade Gold and Silver Eagles, and mine rounds. I really don't care about the daily moves in the PM's as I am totally convinced that, in the short term, (less than a year) the Au and Ag prices will see new highs. I bought two St. Gaudens and both were bought away from me, and two proof buffalo's and those also were bought away. Couldn't turn down the instant profit. The two St. G's were from the Wells Fargo hoard, I can replace them so I went for the profit. I want to lower my coin count, and raise my points and registry number. This is from the grass roots, the seat of my pants, ear to the ground and so on. The public is afraid out there, and if you go to these people buying gold by enticing you in from the street by some guy twirling a sign, when you go in there are NOT SELLING, buying ONLY. Some have windows like at a bus station and behind glass you cannot hear thru, you pass your gold under a small slot, he gives you a price, and you take it or leave it. Why are they buying and not selling? I think it is because across the land, the people in the know are attempting to snap up all the gold they can at these prices. I admit, I am one. The coins I sell, sell for much more than bullion prices. and I do not put the raw coins back out on the table. They go in a box and in the bank the next day. The fact is, actually I am making money from the dealers, and percentage wise it is amazing and near what I get retail. Keep this up and my rare coin count will increase. I can see I will drop in registry points as I have not added a real fancy coin, but saving up for one at the FUN Show in January.

Capt. Brian

Just a word from the coffee shop.

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