By Steve Roach
Many dealers and
collectors take a well-deserved break from their
numismatic pursuits during mid-June through late
Two major summer shows – the recently completed
MidAmerica Coin Expo in Schaumburg, Ill., and
the upcoming Summer Florida United Numismatists
show in Palm Beach – provide venues for restless
dealers and collectors.
The auctions for these shows are decidedly
modest; mere appetizers to the upcoming ANA
The ANA show is officially from Aug. 5 to 9,
although most of the industry "players" will be
in California at least a week before that to
participate in the pre-ANA auctions where
thousands of lots will be offered.
These auctions include Stack's on July 30,
Heritage from July 31 to Aug. 2, with Bowers and
Merena hosting the official ANA auctions Aug. 2
With so many coins to evaluate and examine with
these auctions, combined with the ANA
convention's nearly two weeks of constant
activity, one can see why the market slows down
in early summer.
Even local coin clubs often focus more on their
summer picnic than the auction and trading forum
that accompanies each meeting.
Auction houses are responding to the summer
slumber in different ways. Teletrade has widely
publicized, "Beat the heat with cool cash from
Teletrade," offering sellers discounted seller's
fees for consign-ments before July 31.
Conversely, Heritage has recently increased its
minimum buyer's fee from $9 to $14 per lot, a
move that will affect many collectors who
participate in its three-weekly Internet sales.
Even eBay has offered casual sellers an
incentive for placing auction-style listings,
with a new structure that provides sellers no
list-ing fees for five items every 30 days
combined with reduced final value fees.
When combined with a new pilot eBay program that
provides buyer incentives and the recently
revised Bing cashback program from Microsoft,
those who may have eschewed eBay for its cost
may find reasons to return.
Online auctions let collectors stay active, even
when the market takes a well-deserved breather.