July 17, 2025 • 31 mins
Summary
In this engaging conversation, Tony Gryckiewicz interviews Gil Comito, a seasoned coin dealer with 35 years of experience. They discuss the recent Baltimore Whitman Expo, highlighting the dynamics of the coin market, the impact of gold prices on numismatic values, and the growing sophistication of collectors. Gil shares insights on the popularity of type coins, the role of CAC grading, and anticipates future trends in the hobby as the 250th anniversary of America approaches. The discussion emphasizes the importance of understanding the market and making informed decisions in coin collecting.
Takeaways
Gil Comito has been a coin dealer for 35 years, starting at age 10.
The Baltimore Whitman Expo had a surprisingly good turnout despite typical summer challenges.
Collectors are becoming more educated and savvy about their purchases.
The saying 'buy the coin, not the holder' is increasingly relevant.
Gold prices are impacting the numismatic market, often leading to lower premiums on coins.
Type coins, especially early types, are gaining popularity among collectors.
CAC grading is still being evaluated in the market, with mixed reception.
The upcoming 250th anniversary of America may boost interest in commemorative coins.
The conversation highlights the importance of eye appeal in coin grading.
The coin market is dynamic, with trends shifting based on collector interests and economic factors.
Titles
Navigating the Coin Market: Insights from the Baltimore Show
The Evolving Landscape of Coin Collecting
Sound Bites
"Buy the coin, not the holder."
"Morgan's are overrated."
"The Mint's gonna do something."
Chapters
00:00 Introduction to Coin Collecting and the Baltimore Show
05:56 Collector Trends and Market Dynamics
11:57 Understanding Type Coins and Their Popularity
17:53 Future Trends in Coin Collecting
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Alright. Welcome, Gil. Thank you so much for
joining me. This is the firstfirst episode I'm doing on my
YouTube channel where I'm doingsome conversations about coins,
and you are my very first guest.We got Gil Camido, the Gil
Camido.
He's a he's a famous individualwithin the coin coin market.
Very popular with the with thecollectors as well as the
(00:23):
dealers out there. Anyways, Gil,tell us a little bit so first
off, this is going to be aimpressions or kind of a show
report from the BaltimoreWhitman show. We'll get into
that in a second, but just wannagive you a chance to introduce
yourself. You work in a smalllittle shop, I believe in
Virginia.
Right?
Speaker 2 (00:41):
Yes. Berryville, Virginia.
Speaker 1 (00:44):
Berryville, Virginia. Okay. Nice. And how long have
you been in the hobby overall?
Speaker 2 (00:51):
Totally thirty five years.
Speaker 1 (00:54):
Wow. Okay. Thirty five years. So I was assuming
you started as a kid becauseyou're I want to reveal your age
Speaker 2 (01:00):
and know if that's I'm 45. It's okay.
Speaker 1 (01:03):
You started at 10, but did you actually start
selling coins at 10 years old?
Speaker 2 (01:07):
Yes, I did. I am a fourth generation coin dealer.
My grandfather was a coindealer. His father was a coin
dealer. Originate from New York,which is kind of the beginning
of coin collecting is theNortheast.
So I originate from that area,basically. Like said, my
(01:27):
grandfather was a dealer. He'sout of Pittsburgh, Pennsylvania.
It's a family thing. And, yeah,I love it.
I've been doing it ever since Iwas 10.
Speaker 1 (01:37):
Awesome. Well, this is, hopefully gonna be the first
of of many appearances, youknow, on my channel. I'm hoping
to to grow this. Grow thislittle, segment segment here
because I think this is whatpeople are interested in hearing
a little bit about seeing somecontent, learning about the
what's going on in the market.And I think it's one of the
things I want to focus on withwhat I produce on my channel is
(01:58):
I really want to help educatethe collector and talk about the
coin market per se and coincollecting, but specifically
about markets and about how tokind of navigate the coin
market.
So we just had the BaltimoreWhitman Expo that occurred last
week. I was not able to attendbecause I have to work at my
other job. You were there andyou got a good sense of what was
(02:23):
going on the floor. So to giveus just general overview. I got
some questions for you, but, youknow, just give us a general
overview, you know, how was howwas Baltimore?
Speaker 2 (02:32):
So Baltimore was actually quite good. This is the
summer Baltimore. Typically,this one is not very good due to
the weather, due to the part ofthe season. And there is a Long
Beach show that's typicallygoing on around the same time.
And the ANA has their summerseminar at the same time.
(02:52):
So usually, this show is kind ofon is the downside show. A lot
of people don't want to come toit because it's a far travel.
And they just like I said, theyjust got done with Long Beach.
Unfortunately, Long Beach is nolonger happening this year,
canceled. So Baltimore actuallyhad a decent turnout.
From the dealer standpoint, alot of the West Coast dealers
(03:14):
did show up, which was reallygood. Interesting. Wholesale
business was off the chain. Imean, it was it was ridiculous.
Had great things to say aboutthe wholesale market, which is a
good thing for our market ingeneral.
So
Speaker 1 (03:29):
you think that I mean, it's possible that the the
Long Beach show, which paused orthey they're only doing the
September show. Is that right?Is that what I read?
Speaker 2 (03:38):
Done. 2025 is done.
Speaker 1 (03:41):
Yeah.
Speaker 2 (03:41):
Okay. Actually, believe it or not, new news. The
show did get sold. Oh, really?As the collectors
Speaker 1 (03:49):
We got got breaking news on the Cabbage Coins coin
it's a YouTube channel here. Soanyways, go ahead.
Speaker 2 (03:56):
Long Beach show got sold. I don't know exactly the
gentleman who purchased it, butthe story that I the rumor at
the Baltimore show here was thatit was sold, and they are
looking for either a new venue,a new place to put it. It's most
likely gonna change. It may notbe the Long Beach Expo anymore.
(04:16):
It may be something else.
We don't exactly know. But LongBeach as we know it is pretty
much done.
Speaker 1 (04:24):
Wow. Wow. Okay. Well, that could be a whole topic for
mean, could talk quite a bitabout about that time. But I I
so there was a lot of dealeractivity at the show.
There's a lot of wholesalebusiness, which is which is
really good because overall, Ithink that gets money moving. It
keeps dealers in the market,keeps people like myself excited
about going out there andfinding coins because I can find
(04:45):
a way to sell them. If I can'tfind a collector for it, I might
be able to wholesale it or acollection of them to, you know,
to to to a dealer. That's reallygood. So what about so what did
you notice on the collectorside?
So obviously the collector, theretail crowd, whatever you want
to call them, they kind ofusually show up on the first
full day. Right? What was yoursense of of the traffic from the
(05:10):
collector side?
Speaker 2 (05:11):
Collectors are getting smarter. They're getting
wiser to what they particularlywant. I think because of our
dissemination of informationnow, you can you can look up
anything. Auction records for alot of coins, people are the
(05:32):
collectors are getting smarter,they're understanding more about
what they're buying as opposedto just looking at one piece of
information as to like thepricing and whatnot. They're not
looking just at gray sheetanymore.
They're looking at auctionrecords, they're looking more at
the actual coin like we have anold saying in the coin world,
buy the coin, not the holder.And that is playing a big part
(05:53):
in this in today's market.
Speaker 1 (05:56):
It's interesting. Appreciate that. Yeah, I was I
was kind of curious about thesize of the collector crowd, but
it sounds like you've had youhad a couple of good
conversations with somecollectors that were really well
educated about what it is theywere looking for. Anything you
remember to kinda stick out inyour mind in terms of the
interaction and what the coinwas, for example?
Speaker 2 (06:20):
The the I would say the key date coins are key date
coins are always popular as weknow. They're always in demand.
They I won't say they're soft.There's a few key dates that are
a little soft right now. Andthat's probably because they
were on an uptick for so long.
But overall, I think every '93s, Morgan dollars seems to be a
(06:42):
little soft. And that may bebecause there's, and I'm not,
the low end. I think the low endis really strong. Like, you look
at the pricing on the ninetythree s, it has gone through the
roof on goods and fees andfines. The XFAUs, they got
priced out of people'scollection.
(07:03):
So that's kinda what happens isYeah. These coins go up and up
and up, and they get priced out,and people start saying, well, I
want to get I'll end up gettingthe lower end. Yeah. And those
ones now pick up. You see?
So it's a trickle down effect.
Speaker 1 (07:17):
Yeah. The 93 S is a great example where from, from
an investment dollarperspective, you either, I think
you get, you got to go low oryou got to go pretty high. I
mean, on what your budget is andwhat kind of money you got to
work with. But those lower ones,I mean, everybody who's going to
collect the Morgans, they needone. So, you know, you're going
to pick up an AG3, you're goingto pick up a good four or
(07:40):
whatever.
And Or yeah, it's a good four orgood six. Yeah. Yep. I forgot my
grades. But anyways, yeah,that's As you have more
collectors, you're going needmore coins are limited and so
they're going to rise in priceand so forth.
So what segments of the marketat this show here, what segments
(08:01):
seemed hot? Is there anythingthat was, in your opinion, that
you guys sold a lot of, that yousaw trading a lot on the floor?
Speaker 2 (08:09):
Gold. Gold is moving Sure. For obvious reasons.
Better date gold seems to be alittle soft, but it's hard to
really judge. And there's a lotof variables to why it's a
little soft.
There's a lot of the a lot ofhigh end gold coins came out of
that Fairmont collection thatwe've been dealing with the last
(08:32):
couple years. So it's soft forthat reason. But it's also kind
of hot in the sense that if youwant gold, you're you kind of
want the better stuff. You don'twant the mundane. Yeah, I did
see one thing that I did seethat it kind of threw me off is
a lot of vintage holders arecoming out of the woodwork stuff
(08:53):
that I didn't think I knewexisted, but I thought were kind
of cracked out in a sense, likewe all hear the stories about
the crack out game.
I saw a lot of vintage holderswere offered to me at this show,
which was unique. And it was alot of gold in the in the old
holders. So good stuff.
Speaker 1 (09:13):
I don't know if you want me mentioning this, if we
could edit this out later, Iguess, but you did pick up some
really nice vintage Polar gold.Right?
Speaker 2 (09:22):
I did. Picked up a a consecutive set of $19.26 $10
Indians. They're just yourcommon Consecutive set. Grade
62, but they were all con theywere consecutively graded.
They're NGC three point oholders, which meant they were
graded thirty five years ago.
Speaker 1 (09:40):
It means that they stayed together over thirty five
years Yeah.
Speaker 2 (09:43):
Exactly. That's awesome. You don't see that too
often anymore.
Speaker 1 (09:46):
Yeah. Is things about that. One is that, you know,
they that means that they havenot kind of been in the market
during these thirty five years.People have been passing them
around that just scuffing uppolars and things, also
assessing them for the upgrade.That means that they have
probably Maybe they do have somegreat potentials potentially
because no one's looked at themin the last thirty five years.
(10:08):
They've stayed together in onecollection. Just making some
assumptions there, kind ofdeducing that from the fact that
they are, you know, that they'reall sequentials, which is a
which is a cool thing. Yep.Yeah. I saw a lot of that stuff.
Speaker 2 (10:24):
There was a lot more pieces like that that a lot of
twenties. Twenties were inabundance. Picked up a two and a
half in the same type holder.Beautiful coin, and it it blew
me away.
Speaker 1 (10:36):
In your opinion, how does how does the rise in gold
value end up impacting the themore numismatic, you know,
coins? So like I've got anexample here. I've got this
nineteen oh nine s, MS sixtyfive twenty, which is a pretty,
fairly rare, date for, you know,in the MS sixty five grade,
nineteen oh nine s. This coin isroughly about $6,000 is I think
(11:00):
my asking price for for thiscoin. How does the gold price,
which of course people are goingcome in the door trying to buy
gold because gold is on the riseand they're gonna buy the
Boolean pieces, the pieceswhere, you know, you're just
buying like the the the coin forits gold value.
But how does that end up kind ofimpacting the numismatic side?
Does it have an effect? Does ithave a positive effect, negative
(11:22):
effect? What's your what's youropinion on that?
Speaker 2 (11:27):
Honestly, I think it's kind of a negative effect,
in that when gold hits thisnumber, the premiums just
shrink. Like, now, you can buyMS $64.20 dollars saints for a
hair above melt. And thattypically that coin was a
significant coin. It hadnumismatic value. It didn't
(11:50):
matter what the date was.
Now it's I mean, you have commondates, MS 64, and you're buying
them for Melt. It's it kind ofsucks in a sense, you know,
because normally you would havebought that coin for that
numismatic value. Now you'rebuying it for its gold value in
a sense. Yeah. So is it goodlong term?
Absolutely. Because if gold doesdrop, you are you're actually
(12:14):
kind of saving yourself. You'reyou're you're retaining some
value because that premium willcome back.
Speaker 1 (12:20):
Yeah. Yeah. The I the way some of those I the way that
I see it is that you havealternative investments. You
have the people it's the peoplethat are new Hispanic collectors
when they see the price of golditself rising. And let's say
they look at the price guide andthe value of their $0.09 S and
(12:41):
60 5 kind of a staying flat.
I think psychologically, theysome of them choose to like, you
know, move more towards thebullying stuff, more towards the
stuff that is showing some priceappreciation. Right. So it can
kind of hurt the numismatic sidewhen you have that. On the other
hand, I think that the rise inthe metal prices brings people
(13:04):
into the coin show and gets kindof like the energy going. Know,
people are investing, people arelooking to buy coins in general.
And some of them, you know, theychoose the branch for the first
time into Numismatic. So thenthere's a little bit more
demand, you know, on the on thatside.
Speaker 2 (13:22):
Yeah. I mean, if you're gonna spend $4,000 on a
coin, why not get a badassCarson City or, you know, an S
Mint or, you know, get get abetter date coin for the same
price as your as your, you know,basic bullion piece. You know, I
tell people that all the time,go, you know, if you got
maximize your money, maximizeyour value by buying the best
(13:45):
coin you possibly can with themoney that you got. Don't buy 10
coins out of the if you got$10,000 buy one coin for $10,000
Don't buy $10,000 coins. Yeah.
You know? So
Speaker 1 (13:57):
Yep. Yep. That is definitely the kind of
conventional wisdom on on coincollecting. And, you know, I
would I'd agree with that. Justmake sure that 10,000 coin is
when you really, really, reallylove it.
Yes. You Yes. You know, you'regonna wanna sit with it and and
have dinner with it, you know,every night of the week. Yes. I
(14:17):
got a couple of those coins.
I got a couple of really niceones that are like that. But
anyway, also about the so we'dhave a lot of dealers acting
pretty aggressively at the showin terms of on on the wholesale
side. People were doing a lot ofbuying. You had a lot of the
West Coast dealers that werethere at the show because Long
Beach got canceled in theory.That's probably one of reasons
(14:39):
why they were why they werethere.
You got some collectors on thefloor. Did you have any sense of
what the collectors were lookingfor? More type collectors there
that you interacted with or Typecollectors?
Speaker 2 (14:55):
I would say early type seems to be it's always a
hot, you know, section, but itseems to be really hot right
now. Early type. Usually whenwhen you go into solar Can
Speaker 1 (15:08):
you explain for our viewers? Because I always get a
lot of these questions about,like, some very basic concepts
that I kinda take for grantedthat people, you know, may not
be introduced. So can youexplain for everybody, like,
what is a type coin?
Speaker 2 (15:20):
Okay. A type coin is for every section of
denomination, there's a type,like, for instance, mercury
dime. That is a type of coin.From 1916 to 1945, we made a
dime. We call it the Merck dime.
There's before that, there's theBarber series that whatever
series is a type. And then wecan you can kind of generalize
(15:44):
the term type. We like to usethe the word type for anything
before 1900. So basically thenineteenth century coinage, we
kind of call that early type,kind of group that all into one
big general consensus. Butthat's your your bust type, your
seated liberty type.
(16:05):
And then you've got all yourlittle oddities, your shield
nickels, your 2¢ pieces, your 3¢pieces, you know, the silver and
the nickel, then you've gotyour, of course, you only got
your weird guys like the halfdime, the 20¢ piece. That's your
early type. That stuff right nowseems to be a really good niche.
It seems to be really popular.Yeah.
(16:28):
And it's the the collectors aregetting really smart about that
in the sense that they're notjust looking at, like I said
earlier, they're not looking atgray sheet for value on that
because gray sheet, yeah, it's awonderful reference. But there's
so much information out therenow with auction records. And
then again, you with some ofthese more common grades, like
(16:49):
let's say an XF 20¢ piece, youcan have a variety of conditions
within that condition. And thecollectors are getting smarter
with this. They're understandingthey're learning what an ugly
coin is from a nice coin.
And they're understanding whatthey want, which is really good.
Speaker 1 (17:08):
Yeah. So It is is definitely encouraging to see.
And I for sure. Because I thinkfor for for too long and a lot
of people that I talk to, theyrely very heavily on the grading
services. They rely veryheavily, almost too much on CAC
stickers, in my opinion, interms of nobody in terms of what
(17:29):
they want to buy and whatthey're going to choose to buy.
They it might it's like theythey think that sticker like
gives them some peace of mindthat this is a good coin. When
there's a lot of really nicecoins that John at CAC just
simply doesn't like and didn'twant to put a sticker on in my
in my estimation.
Speaker 2 (17:46):
Plenty of those coins. And you and I have both
talked about plenty of thosecoins that we under we scratch
our head and say, why didn't itsticker? Yeah. The years, I've
obviously I've, I've sent many,many coins in and I've kind of
learned a little bit about whatjohn likes. But there's there's
so many coins out there that arejust eye appealing that, you
(18:10):
know, still a
Speaker 1 (18:10):
lot of people
Speaker 2 (18:11):
love and some people don't.
Speaker 1 (18:12):
So I I definitely would love to put a pin on that
one and come back to it another,like, time with you because I I
think there's probably nobodythat could talk through their
history of sending forsubmissions, you know, with more
and more detail and and explainyour philosophy better than
probably you could. I know yougot a lot to to to say there's a
(18:34):
lot to unpack there. So I thinkour viewers would love to hear
about that maybe in anotherepisode. Do want to come back
real quick. Just I wanted tomake a point about the type
about type coins.
Speaker 2 (18:44):
Okay.
Speaker 1 (18:44):
Because one of the things that I've noticed is I
think that like, for example,when early type gold seems to
always be really, really strong.And I have a great example of
why this is the case. Andsometimes in my opinion, I think
this is almost a better placefrom an investment perspective
than key dates or trying to puttogether dates that are trying
(19:06):
to find the rarest coin orwhatever. So I had this $10
Eagle. I know you remember it.
It was an $1,800 $10 Eagle. Yes.That coin, the 1,800 was one of
the most rare of the series. Idon't know how many are in the
series, maybe it's seven oreight coins or whatever. The
1,800 was like the second mostrare, I believe, of that series.
(19:27):
But the people that I interactedwith were only interested in
finding a good example of thetype. They just wanted a large
$10 gold coin. And they theycared less about the date. They
cared more about the look niceand that it was a nice example
of the type because they justwant an example of a $10 old,
(19:50):
you know, bust drape bustLiberty head or turbine head or
whatever, whatever's on the $10
Speaker 2 (19:56):
I don't know what they call them yet.
Speaker 1 (19:57):
They're cool. Yeah. I mean, so in the case of early
gold, you know, buying the typeor being a type collector, think
makes a lot, a lot of sense.When it comes to something like
Morgans, for example, that'slike the dumbest thing, right? I
mean, there's what would be thepoint of, like, being a just you
(20:18):
want one example of type of aMorgan?
Speaker 2 (20:21):
I it's my opinion. I think they're overrated, but
there's there's a lot of historyto the Morgan dollar, and
there's a lot of kind of likeuncertainty, like, understand
that a lot of these coins weremade and a lot of them didn't
get circulated. So it's kind ofan anomaly. So I think there's
there's a lot of little nuancesto why Morgan dollars are so
(20:41):
popular.
Speaker 1 (20:42):
Yeah.
Speaker 2 (20:42):
But like like you're saying that early gold, I
actually saw quite a bit ofearly gold pop out at this show,
and it was trading and it wastrading very strong.
Speaker 1 (20:51):
Yeah. Yeah. It I mean, if I see it, I know that
people wanna buy it. I'm alwaystrying to see if I can if it's a
good example, if it's a nicelooking example, and can I get
it a decent price? Because Iknow that there's people that
are gonna they're gonna wantthis thing, know, early early
type gold is a is a great butit's not cheap.
I mean, let's just be honest,you're talking at least over $10
(21:13):
for most basic pieces in a, in areasonable collectible grade,
like an AU grade, and you'regoing to be, you know, close to
$10 or above paying if it's a 5or 10 or whatever. Yeah, the the
Morgan Morgan dollar is aninteresting coin because it is
like the opposite of a lot ofother series. A lot of other
(21:34):
coins were made, you know, andthere was very few that did not
go into circulation, buteverything else went into
circulation like, you know,Barbara quarters, Barbara
halves, Barbara all the Barbaracoinage. But then you got Morgan
dollars that were createdbasically due to a lot of
politics with the silver lobby.They created all this, you know,
all these silver coins and theystuck them in the treasury
(21:56):
vaults and very few of them wentinto circulation, so you get the
opposite effect.
And today, yeah, I mean, there'sjust thousands and thousands,
millions in in case in cases ofof them. Yeah. So the topic of
like how to collect Morgans, Ithink it's also another great
topic for, you know, for a time.But I did wanna ask your opinion
(22:20):
about something that I haven'tbeen able to figure out yet.
Okay.
This is the state of the marketfor the CAC graded coin. Because
what I got right here is this'19 '18 94 s m s 63 Morgan in
this, yeah, this m s 63 CACholder. And there's a couple of
(22:41):
things I wanna talk ask youabout. One is that whether or
not this m s 63 is equivalent toa PCGS 63 with a sticker. And
then secondly is just how wellis the market receiving these?
Did you see them selling at all?Are you seeing people coming to
sell them to you? What what'syour what's your thoughts?
Speaker 2 (23:02):
Okay. So first of all, yes, that coin is
comparable to a PCGS stickeredMS 63. It's they're equal. I
know there's a lot of peoplethat speculate, you know, well,
if a CAC 63, is that like a NGCor PCGS 64? The market is still
(23:22):
kind of trying to figure thatout, but I don't agree.
I think a 63 is a 63, whetherit's in an NGC or PCGS or CACG
holder. Now the CACG coin in '63might be nicer than the other
two, but they're all going to bein the same, that same bracket
of within the grade. They're notone's not going be better than
(23:45):
the other. It's just going beeye appeal in a sense. The grade
itself is going to be dead nuts.
I mean, across the board. Mean,guys have been doing this for so
long. They're not screwing thatup.
Speaker 1 (23:56):
Yeah. But but the key point there is about the eye
appeal because I feel like whenmy submissions with to to to CAC
stickering is that of a cointhat simply doesn't have the eye
appeal, sometimes they'll holdback the sticker. But it seems
like that this it seems likewith this, the IPL factor
doesn't really matter too much.
Speaker 2 (24:16):
It doesn't in a sense. It's more of technical
grade. It's yeah. It's more of atechnical it's definitely
technical because a lot of thecoins now they've been grading
for, I think it's almost twoyears now. The first year, they
were very conservative, verystrict, and they had to be.
You can't come out of the gateand just throw out grades. It
just doesn't that's not whatthey're about. They're about
(24:40):
putting really nice coins intheir holders. So of course, are
going to send anything, youknow, the kitchen sink at them.
Well, of course, they're goingto identify that, you know, and
it was good for them to be ableto put their foot down and say,
no, we're not going to straightgrade this coin because of this
scratch or because of thislittle wipe or because of this
or that.
(25:00):
I actually respected them fordoing that in the sense of
bringing us back to a, like,more conservative grading
system. So I do commend them forthat. Yeah. The CACG holders on
the market, it's still peopleare a little skeptical about it.
(25:21):
They're still kinda trying tofigure it out.
I think some holders break.
Speaker 1 (25:27):
How many are coming across across the case for you
guys when you're at the show?How many are coming across the
case either either direction?Mean, people selling them to
you? Are you guys selling them?
Speaker 2 (25:37):
We don't sell too many where I'm at right now. My
former employer, Northern NevadaCoin, they do move them. They
did get a lot more in. They soldthem. They they do a lot more in
that industry.
The current employer that Ihave, we're not that much into
them. But that at in Baltimore,I did see a lot of them moving a
(26:02):
little bit more than normal.They are starting to pick up a
little steam in a sense. I thinkthe strongest is still the PCGS
with the sticker that seems tobe where most people are going.
It's it's I hate to say it, butit's all about that registry.
And the PC Jets registry seemsto be where most collectors,
(26:24):
they like to they like thatregistry more. I think if the
CAC registry picks up somesteam, I think you're gonna see
a lot more people buying thosecoins.
Speaker 1 (26:34):
Okay. Appreciate that perspective. I got a couple more
questions here before we end up,we're gonna wrap things up
because I'm getting hungry. It'slike, well, it's it's after
seven. Did you run into anyinteresting people during or
have any good conversations orinteresting conversations on the
floor?
(26:56):
This is of the of the questionsI got prepared, this is just one
that I I thought was a littlebit oddball.
Speaker 2 (27:02):
Do I at this Baltimore, I didn't run into too
many, but I did at the lastBaltimore. Yeah. Because I've I
Speaker 1 (27:11):
am from New York. I was there. I was at the last
Baltimore, and we went todinner, and we had steaks. And
Speaker 2 (27:16):
and Yeah. I did have some interesting conversation
with some customers at the lastone. This one, not so much in a
sense. I did make a few newcustomers that are, know,
starting in coming in. They're,they're getting away from the
telemarketer kind of stuff.
I really think that thetelemarketer industry, it seems
(27:39):
to be very strong, but it seemslike I said, I think collectors
and people are starting to wiseup to it a little more, and get
and not spend so much money withthat. I think people are a
little more
Speaker 1 (27:50):
That's a good quest it's a good topic. I mean, who's
watching who's watchingtelevision nowadays? I mean, the
only people left watching actualtelevision, I don't know, are
retirees. Yes. I guess, youknow, there's and I think
there's fewer of them that arenot savvy enough to, you know,
recognize that it's you'remassively overpaying.
(28:12):
But That
Speaker 2 (28:13):
think when they go to these bigger shows and they
start talking to more dealersand you get different variety of
different inputs on certainthings from different dealers,
you're getting more information,and they're they're being
smarter. They're actuallygetting much smarter.
Speaker 1 (28:29):
Yeah. Oh, based on what you saw, where do you think
the hobby is headed in the nextsix to twelve months?
Speaker 2 (28:38):
Six to twelve months, I think you're gonna see, I
think you're gonna see a lot ofstrength in the earlier stuff.
We're coming up. Let's see. Nextyear's 2026. It's the two
hundred and fiftieth anniversaryof America.
So I wouldn't be surprised ifyou see a lot of movement in the
coin world. You're gonna see alot of the commemoratives. So
(29:00):
anything that's gonna bepatriotic in a sense. Yeah.
Gonna see that stuff's gonna beit's gonna be pretty hot.
Speaker 1 (29:06):
I wonder what the the high relief design's gonna be. I
always look forward to the, youknow, to the whatever they call
the you know, I'm talking aboutthe US Mint high relief. Like,
they they came out just recentlywith the Bronco one, which is
like the coin of the year, whichis an amazing coin. If I could
get a picture of it, I'll put ithere. Anyways, this one's coming
(29:27):
up is gonna be a sunflower,which I'm pretty excited about.
My my mother loves sunflowers. Idon't know if I wanna buy her a
$3,500 coin as a gift, but theidea is there. I'll definitely
buy them for inventory for sure.
Speaker 2 (29:41):
I think I'm
Speaker 1 (29:42):
on a payment plan.
Speaker 2 (29:44):
What I understand, I believe there is gonna be an
introduction of, like, the olderstyle, like, I that flowing hair
design that the mint releasedwith Coke are crazy. So I think
that the mint's gonna bring someof that stuff back. So you're
gonna I think you're gonna seesome of that. And I I wouldn't
be surprised if you see a changelike they did in 1976, where
(30:08):
they did a change to the quarterand a half. I would not be
surprised one day.
Speaker 1 (30:12):
Oh, you just mean in general for the coinage that
year?
Speaker 2 (30:14):
I think they're gonna change something. They're they
have. They something's meantthey're gonna do something.
Speaker 1 (30:21):
Yeah. Well, yeah. I was just thinking in terms of
mint designs for, like, thespecial stuff, you know, like
the all the mint in the mintproducts.
Speaker 2 (30:28):
Think they're gonna do that too, but I think they're
going to change the even maybethe half dollar that you give it
a different reverse. They'regoing to do something. You know,
the men's going to do something.They're they're sneaky like
that.
Speaker 1 (30:39):
Yeah. Nice. That's exciting. All right, man. Well,
hey, thank you so much for doingthis.
This is turned out to be, Ithink, an incredible little
thirty minutes. I'm going to beable to post my my YouTube
channel. This will also be onInstagram, I think, some
capacity if I can get it towork. But, thanks a lot for
doing this. Hope we could dothis again.
Speaker 2 (30:59):
No problem. Absolutely. Definitely wanna do
it again.
Speaker 1 (31:02):
Alright. Hopefully, you had some fun. And I think
our friends out there will enjoyseeing this episode to us.
Alright, buddy. Alright.
Thanks a lot, and I'm gonna seeyou next time. So Yes, sir.
Alright. Welcome, Gil. Thank you so much for
joining me. This is the firstfirst episode I'm doing on my
YouTube channel where I'm doingsome conversations about coins,
and you are my very first guest.We got Gil Camido, the Gil
Camido.
He's a he's a famous individualwithin the coin coin market.
Very popular with the with thecollectors as well as the
(00:23):
dealers out there. Anyways, Gil,tell us a little bit so first
off, this is going to be aimpressions or kind of a show
report from the BaltimoreWhitman show. We'll get into
that in a second, but just wannagive you a chance to introduce
yourself. You work in a smalllittle shop, I believe in
Virginia.
Right?
Speaker 2 (00:41):
Yes. Berryville, Virginia.
Speaker 1 (00:44):
Berryville, Virginia. Okay. Nice. And how long have
you been in the hobby overall?
Speaker 2 (00:51):
Totally thirty five years.
Speaker 1 (00:54):
Wow. Okay. Thirty five years. So I was assuming
you started as a kid becauseyou're I want to reveal your age
Speaker 2 (01:00):
and know if that's I'm 45. It's okay.
Speaker 1 (01:03):
You started at 10, but did you actually start
selling coins at 10 years old?
Speaker 2 (01:07):
Yes, I did. I am a fourth generation coin dealer.
My grandfather was a coindealer. His father was a coin
dealer. Originate from New York,which is kind of the beginning
of coin collecting is theNortheast.
So I originate from that area,basically. Like said, my
(01:27):
grandfather was a dealer. He'sout of Pittsburgh, Pennsylvania.
It's a family thing. And, yeah,I love it.
I've been doing it ever since Iwas 10.
Speaker 1 (01:37):
Awesome. Well, this is, hopefully gonna be the first
of of many appearances, youknow, on my channel. I'm hoping
to to grow this. Grow thislittle, segment segment here
because I think this is whatpeople are interested in hearing
a little bit about seeing somecontent, learning about the
what's going on in the market.And I think it's one of the
things I want to focus on withwhat I produce on my channel is
(01:58):
I really want to help educatethe collector and talk about the
coin market per se and coincollecting, but specifically
about markets and about how tokind of navigate the coin
market.
So we just had the BaltimoreWhitman Expo that occurred last
week. I was not able to attendbecause I have to work at my
other job. You were there andyou got a good sense of what was
(02:23):
going on the floor. So to giveus just general overview. I got
some questions for you, but, youknow, just give us a general
overview, you know, how was howwas Baltimore?
Speaker 2 (02:32):
So Baltimore was actually quite good. This is the
summer Baltimore. Typically,this one is not very good due to
the weather, due to the part ofthe season. And there is a Long
Beach show that's typicallygoing on around the same time.
And the ANA has their summerseminar at the same time.
(02:52):
So usually, this show is kind ofon is the downside show. A lot
of people don't want to come toit because it's a far travel.
And they just like I said, theyjust got done with Long Beach.
Unfortunately, Long Beach is nolonger happening this year,
canceled. So Baltimore actuallyhad a decent turnout.
From the dealer standpoint, alot of the West Coast dealers
(03:14):
did show up, which was reallygood. Interesting. Wholesale
business was off the chain. Imean, it was it was ridiculous.
Had great things to say aboutthe wholesale market, which is a
good thing for our market ingeneral.
So
Speaker 1 (03:29):
you think that I mean, it's possible that the the
Long Beach show, which paused orthey they're only doing the
September show. Is that right?Is that what I read?
Speaker 2 (03:38):
Done. 2025 is done.
Speaker 1 (03:41):
Yeah.
Speaker 2 (03:41):
Okay. Actually, believe it or not, new news. The
show did get sold. Oh, really?As the collectors
Speaker 1 (03:49):
We got got breaking news on the Cabbage Coins coin
it's a YouTube channel here. Soanyways, go ahead.
Speaker 2 (03:56):
Long Beach show got sold. I don't know exactly the
gentleman who purchased it, butthe story that I the rumor at
the Baltimore show here was thatit was sold, and they are
looking for either a new venue,a new place to put it. It's most
likely gonna change. It may notbe the Long Beach Expo anymore.
(04:16):
It may be something else.
We don't exactly know. But LongBeach as we know it is pretty
much done.
Speaker 1 (04:24):
Wow. Wow. Okay. Well, that could be a whole topic for
mean, could talk quite a bitabout about that time. But I I
so there was a lot of dealeractivity at the show.
There's a lot of wholesalebusiness, which is which is
really good because overall, Ithink that gets money moving. It
keeps dealers in the market,keeps people like myself excited
about going out there andfinding coins because I can find
(04:45):
a way to sell them. If I can'tfind a collector for it, I might
be able to wholesale it or acollection of them to, you know,
to to to a dealer. That's reallygood. So what about so what did
you notice on the collectorside?
So obviously the collector, theretail crowd, whatever you want
to call them, they kind ofusually show up on the first
full day. Right? What was yoursense of of the traffic from the
(05:10):
collector side?
Speaker 2 (05:11):
Collectors are getting smarter. They're getting
wiser to what they particularlywant. I think because of our
dissemination of informationnow, you can you can look up
anything. Auction records for alot of coins, people are the
(05:32):
collectors are getting smarter,they're understanding more about
what they're buying as opposedto just looking at one piece of
information as to like thepricing and whatnot. They're not
looking just at gray sheetanymore.
They're looking at auctionrecords, they're looking more at
the actual coin like we have anold saying in the coin world,
buy the coin, not the holder.And that is playing a big part
(05:53):
in this in today's market.
Speaker 1 (05:56):
It's interesting. Appreciate that. Yeah, I was I
was kind of curious about thesize of the collector crowd, but
it sounds like you've had youhad a couple of good
conversations with somecollectors that were really well
educated about what it is theywere looking for. Anything you
remember to kinda stick out inyour mind in terms of the
interaction and what the coinwas, for example?
Speaker 2 (06:20):
The the I would say the key date coins are key date
coins are always popular as weknow. They're always in demand.
They I won't say they're soft.There's a few key dates that are
a little soft right now. Andthat's probably because they
were on an uptick for so long.
But overall, I think every '93s, Morgan dollars seems to be a
(06:42):
little soft. And that may bebecause there's, and I'm not,
the low end. I think the low endis really strong. Like, you look
at the pricing on the ninetythree s, it has gone through the
roof on goods and fees andfines. The XFAUs, they got
priced out of people'scollection.
(07:03):
So that's kinda what happens isYeah. These coins go up and up
and up, and they get priced out,and people start saying, well, I
want to get I'll end up gettingthe lower end. Yeah. And those
ones now pick up. You see?
So it's a trickle down effect.
Speaker 1 (07:17):
Yeah. The 93 S is a great example where from, from
an investment dollarperspective, you either, I think
you get, you got to go low oryou got to go pretty high. I
mean, on what your budget is andwhat kind of money you got to
work with. But those lower ones,I mean, everybody who's going to
collect the Morgans, they needone. So, you know, you're going
to pick up an AG3, you're goingto pick up a good four or
(07:40):
whatever.
And Or yeah, it's a good four orgood six. Yeah. Yep. I forgot my
grades. But anyways, yeah,that's As you have more
collectors, you're going needmore coins are limited and so
they're going to rise in priceand so forth.
So what segments of the marketat this show here, what segments
(08:01):
seemed hot? Is there anythingthat was, in your opinion, that
you guys sold a lot of, that yousaw trading a lot on the floor?
Speaker 2 (08:09):
Gold. Gold is moving Sure. For obvious reasons.
Better date gold seems to be alittle soft, but it's hard to
really judge. And there's a lotof variables to why it's a
little soft.
There's a lot of the a lot ofhigh end gold coins came out of
that Fairmont collection thatwe've been dealing with the last
(08:32):
couple years. So it's soft forthat reason. But it's also kind
of hot in the sense that if youwant gold, you're you kind of
want the better stuff. You don'twant the mundane. Yeah, I did
see one thing that I did seethat it kind of threw me off is
a lot of vintage holders arecoming out of the woodwork stuff
(08:53):
that I didn't think I knewexisted, but I thought were kind
of cracked out in a sense, likewe all hear the stories about
the crack out game.
I saw a lot of vintage holderswere offered to me at this show,
which was unique. And it was alot of gold in the in the old
holders. So good stuff.
Speaker 1 (09:13):
I don't know if you want me mentioning this, if we
could edit this out later, Iguess, but you did pick up some
really nice vintage Polar gold.Right?
Speaker 2 (09:22):
I did. Picked up a a consecutive set of $19.26 $10
Indians. They're just yourcommon Consecutive set. Grade
62, but they were all con theywere consecutively graded.
They're NGC three point oholders, which meant they were
graded thirty five years ago.
Speaker 1 (09:40):
It means that they stayed together over thirty five
years Yeah.
Speaker 2 (09:43):
Exactly. That's awesome. You don't see that too
often anymore.
Speaker 1 (09:46):
Yeah. Is things about that. One is that, you know,
they that means that they havenot kind of been in the market
during these thirty five years.People have been passing them
around that just scuffing uppolars and things, also
assessing them for the upgrade.That means that they have
probably Maybe they do have somegreat potentials potentially
because no one's looked at themin the last thirty five years.
(10:08):
They've stayed together in onecollection. Just making some
assumptions there, kind ofdeducing that from the fact that
they are, you know, that they'reall sequentials, which is a
which is a cool thing. Yep.Yeah. I saw a lot of that stuff.
Speaker 2 (10:24):
There was a lot more pieces like that that a lot of
twenties. Twenties were inabundance. Picked up a two and a
half in the same type holder.Beautiful coin, and it it blew
me away.
Speaker 1 (10:36):
In your opinion, how does how does the rise in gold
value end up impacting the themore numismatic, you know,
coins? So like I've got anexample here. I've got this
nineteen oh nine s, MS sixtyfive twenty, which is a pretty,
fairly rare, date for, you know,in the MS sixty five grade,
nineteen oh nine s. This coin isroughly about $6,000 is I think
(11:00):
my asking price for for thiscoin. How does the gold price,
which of course people are goingcome in the door trying to buy
gold because gold is on the riseand they're gonna buy the
Boolean pieces, the pieceswhere, you know, you're just
buying like the the the coin forits gold value.
But how does that end up kind ofimpacting the numismatic side?
Does it have an effect? Does ithave a positive effect, negative
(11:22):
effect? What's your what's youropinion on that?
Speaker 2 (11:27):
Honestly, I think it's kind of a negative effect,
in that when gold hits thisnumber, the premiums just
shrink. Like, now, you can buyMS $64.20 dollars saints for a
hair above melt. And thattypically that coin was a
significant coin. It hadnumismatic value. It didn't
(11:50):
matter what the date was.
Now it's I mean, you have commondates, MS 64, and you're buying
them for Melt. It's it kind ofsucks in a sense, you know,
because normally you would havebought that coin for that
numismatic value. Now you'rebuying it for its gold value in
a sense. Yeah. So is it goodlong term?
Absolutely. Because if gold doesdrop, you are you're actually
(12:14):
kind of saving yourself. You'reyou're you're retaining some
value because that premium willcome back.
Speaker 1 (12:20):
Yeah. Yeah. The I the way some of those I the way that
I see it is that you havealternative investments. You
have the people it's the peoplethat are new Hispanic collectors
when they see the price of golditself rising. And let's say
they look at the price guide andthe value of their $0.09 S and
(12:41):
60 5 kind of a staying flat.
I think psychologically, theysome of them choose to like, you
know, move more towards thebullying stuff, more towards the
stuff that is showing some priceappreciation. Right. So it can
kind of hurt the numismatic sidewhen you have that. On the other
hand, I think that the rise inthe metal prices brings people
(13:04):
into the coin show and gets kindof like the energy going. Know,
people are investing, people arelooking to buy coins in general.
And some of them, you know, theychoose the branch for the first
time into Numismatic. So thenthere's a little bit more
demand, you know, on the on thatside.
Speaker 2 (13:22):
Yeah. I mean, if you're gonna spend $4,000 on a
coin, why not get a badassCarson City or, you know, an S
Mint or, you know, get get abetter date coin for the same
price as your as your, you know,basic bullion piece. You know, I
tell people that all the time,go, you know, if you got
maximize your money, maximizeyour value by buying the best
(13:45):
coin you possibly can with themoney that you got. Don't buy 10
coins out of the if you got$10,000 buy one coin for $10,000
Don't buy $10,000 coins. Yeah.
You know? So
Speaker 1 (13:57):
Yep. Yep. That is definitely the kind of
conventional wisdom on on coincollecting. And, you know, I
would I'd agree with that. Justmake sure that 10,000 coin is
when you really, really, reallylove it.
Yes. You Yes. You know, you'regonna wanna sit with it and and
have dinner with it, you know,every night of the week. Yes. I
(14:17):
got a couple of those coins.
I got a couple of really niceones that are like that. But
anyway, also about the so we'dhave a lot of dealers acting
pretty aggressively at the showin terms of on on the wholesale
side. People were doing a lot ofbuying. You had a lot of the
West Coast dealers that werethere at the show because Long
Beach got canceled in theory.That's probably one of reasons
(14:39):
why they were why they werethere.
You got some collectors on thefloor. Did you have any sense of
what the collectors were lookingfor? More type collectors there
that you interacted with or Typecollectors?
Speaker 2 (14:55):
I would say early type seems to be it's always a
hot, you know, section, but itseems to be really hot right
now. Early type. Usually whenwhen you go into solar Can
Speaker 1 (15:08):
you explain for our viewers? Because I always get a
lot of these questions about,like, some very basic concepts
that I kinda take for grantedthat people, you know, may not
be introduced. So can youexplain for everybody, like,
what is a type coin?
Speaker 2 (15:20):
Okay. A type coin is for every section of
denomination, there's a type,like, for instance, mercury
dime. That is a type of coin.From 1916 to 1945, we made a
dime. We call it the Merck dime.
There's before that, there's theBarber series that whatever
series is a type. And then wecan you can kind of generalize
(15:44):
the term type. We like to usethe the word type for anything
before 1900. So basically thenineteenth century coinage, we
kind of call that early type,kind of group that all into one
big general consensus. Butthat's your your bust type, your
seated liberty type.
(16:05):
And then you've got all yourlittle oddities, your shield
nickels, your 2¢ pieces, your 3¢pieces, you know, the silver and
the nickel, then you've gotyour, of course, you only got
your weird guys like the halfdime, the 20¢ piece. That's your
early type. That stuff right nowseems to be a really good niche.
It seems to be really popular.Yeah.
(16:28):
And it's the the collectors aregetting really smart about that
in the sense that they're notjust looking at, like I said
earlier, they're not looking atgray sheet for value on that
because gray sheet, yeah, it's awonderful reference. But there's
so much information out therenow with auction records. And
then again, you with some ofthese more common grades, like
(16:49):
let's say an XF 20¢ piece, youcan have a variety of conditions
within that condition. And thecollectors are getting smarter
with this. They're understandingthey're learning what an ugly
coin is from a nice coin.
And they're understanding whatthey want, which is really good.
Speaker 1 (17:08):
Yeah. So It is is definitely encouraging to see.
And I for sure. Because I thinkfor for for too long and a lot
of people that I talk to, theyrely very heavily on the grading
services. They rely veryheavily, almost too much on CAC
stickers, in my opinion, interms of nobody in terms of what
(17:29):
they want to buy and whatthey're going to choose to buy.
They it might it's like theythey think that sticker like
gives them some peace of mindthat this is a good coin. When
there's a lot of really nicecoins that John at CAC just
simply doesn't like and didn'twant to put a sticker on in my
in my estimation.
Speaker 2 (17:46):
Plenty of those coins. And you and I have both
talked about plenty of thosecoins that we under we scratch
our head and say, why didn't itsticker? Yeah. The years, I've
obviously I've, I've sent many,many coins in and I've kind of
learned a little bit about whatjohn likes. But there's there's
so many coins out there that arejust eye appealing that, you
(18:10):
know, still a
Speaker 1 (18:10):
lot of people
Speaker 2 (18:11):
love and some people don't.
Speaker 1 (18:12):
So I I definitely would love to put a pin on that
one and come back to it another,like, time with you because I I
think there's probably nobodythat could talk through their
history of sending forsubmissions, you know, with more
and more detail and and explainyour philosophy better than
probably you could. I know yougot a lot to to to say there's a
(18:34):
lot to unpack there. So I thinkour viewers would love to hear
about that maybe in anotherepisode. Do want to come back
real quick. Just I wanted tomake a point about the type
about type coins.
Speaker 2 (18:44):
Okay.
Speaker 1 (18:44):
Because one of the things that I've noticed is I
think that like, for example,when early type gold seems to
always be really, really strong.And I have a great example of
why this is the case. Andsometimes in my opinion, I think
this is almost a better placefrom an investment perspective
than key dates or trying to puttogether dates that are trying
(19:06):
to find the rarest coin orwhatever. So I had this $10
Eagle. I know you remember it.
It was an $1,800 $10 Eagle. Yes.That coin, the 1,800 was one of
the most rare of the series. Idon't know how many are in the
series, maybe it's seven oreight coins or whatever. The
1,800 was like the second mostrare, I believe, of that series.
(19:27):
But the people that I interactedwith were only interested in
finding a good example of thetype. They just wanted a large
$10 gold coin. And they theycared less about the date. They
cared more about the look niceand that it was a nice example
of the type because they justwant an example of a $10 old,
(19:50):
you know, bust drape bustLiberty head or turbine head or
whatever, whatever's on the $10
Speaker 2 (19:56):
I don't know what they call them yet.
Speaker 1 (19:57):
They're cool. Yeah. I mean, so in the case of early
gold, you know, buying the typeor being a type collector, think
makes a lot, a lot of sense.When it comes to something like
Morgans, for example, that'slike the dumbest thing, right? I
mean, there's what would be thepoint of, like, being a just you
(20:18):
want one example of type of aMorgan?
Speaker 2 (20:21):
I it's my opinion. I think they're overrated, but
there's there's a lot of historyto the Morgan dollar, and
there's a lot of kind of likeuncertainty, like, understand
that a lot of these coins weremade and a lot of them didn't
get circulated. So it's kind ofan anomaly. So I think there's
there's a lot of little nuancesto why Morgan dollars are so
(20:41):
popular.
Speaker 1 (20:42):
Yeah.
Speaker 2 (20:42):
But like like you're saying that early gold, I
actually saw quite a bit ofearly gold pop out at this show,
and it was trading and it wastrading very strong.
Speaker 1 (20:51):
Yeah. Yeah. It I mean, if I see it, I know that
people wanna buy it. I'm alwaystrying to see if I can if it's a
good example, if it's a nicelooking example, and can I get
it a decent price? Because Iknow that there's people that
are gonna they're gonna wantthis thing, know, early early
type gold is a is a great butit's not cheap.
I mean, let's just be honest,you're talking at least over $10
(21:13):
for most basic pieces in a, in areasonable collectible grade,
like an AU grade, and you'regoing to be, you know, close to
$10 or above paying if it's a 5or 10 or whatever. Yeah, the the
Morgan Morgan dollar is aninteresting coin because it is
like the opposite of a lot ofother series. A lot of other
(21:34):
coins were made, you know, andthere was very few that did not
go into circulation, buteverything else went into
circulation like, you know,Barbara quarters, Barbara
halves, Barbara all the Barbaracoinage. But then you got Morgan
dollars that were createdbasically due to a lot of
politics with the silver lobby.They created all this, you know,
all these silver coins and theystuck them in the treasury
(21:56):
vaults and very few of them wentinto circulation, so you get the
opposite effect.
And today, yeah, I mean, there'sjust thousands and thousands,
millions in in case in cases ofof them. Yeah. So the topic of
like how to collect Morgans, Ithink it's also another great
topic for, you know, for a time.But I did wanna ask your opinion
(22:20):
about something that I haven'tbeen able to figure out yet.
Okay.
This is the state of the marketfor the CAC graded coin. Because
what I got right here is this'19 '18 94 s m s 63 Morgan in
this, yeah, this m s 63 CACholder. And there's a couple of
(22:41):
things I wanna talk ask youabout. One is that whether or
not this m s 63 is equivalent toa PCGS 63 with a sticker. And
then secondly is just how wellis the market receiving these?
Did you see them selling at all?Are you seeing people coming to
sell them to you? What what'syour what's your thoughts?
Speaker 2 (23:02):
Okay. So first of all, yes, that coin is
comparable to a PCGS stickeredMS 63. It's they're equal. I
know there's a lot of peoplethat speculate, you know, well,
if a CAC 63, is that like a NGCor PCGS 64? The market is still
(23:22):
kind of trying to figure thatout, but I don't agree.
I think a 63 is a 63, whetherit's in an NGC or PCGS or CACG
holder. Now the CACG coin in '63might be nicer than the other
two, but they're all going to bein the same, that same bracket
of within the grade. They're notone's not going be better than
(23:45):
the other. It's just going beeye appeal in a sense. The grade
itself is going to be dead nuts.
I mean, across the board. Mean,guys have been doing this for so
long. They're not screwing thatup.
Speaker 1 (23:56):
Yeah. But but the key point there is about the eye
appeal because I feel like whenmy submissions with to to to CAC
stickering is that of a cointhat simply doesn't have the eye
appeal, sometimes they'll holdback the sticker. But it seems
like that this it seems likewith this, the IPL factor
doesn't really matter too much.
Speaker 2 (24:16):
It doesn't in a sense. It's more of technical
grade. It's yeah. It's more of atechnical it's definitely
technical because a lot of thecoins now they've been grading
for, I think it's almost twoyears now. The first year, they
were very conservative, verystrict, and they had to be.
You can't come out of the gateand just throw out grades. It
just doesn't that's not whatthey're about. They're about
(24:40):
putting really nice coins intheir holders. So of course, are
going to send anything, youknow, the kitchen sink at them.
Well, of course, they're goingto identify that, you know, and
it was good for them to be ableto put their foot down and say,
no, we're not going to straightgrade this coin because of this
scratch or because of thislittle wipe or because of this
or that.
(25:00):
I actually respected them fordoing that in the sense of
bringing us back to a, like,more conservative grading
system. So I do commend them forthat. Yeah. The CACG holders on
the market, it's still peopleare a little skeptical about it.
(25:21):
They're still kinda trying tofigure it out.
I think some holders break.
Speaker 1 (25:27):
How many are coming across across the case for you
guys when you're at the show?How many are coming across the
case either either direction?Mean, people selling them to
you? Are you guys selling them?
Speaker 2 (25:37):
We don't sell too many where I'm at right now. My
former employer, Northern NevadaCoin, they do move them. They
did get a lot more in. They soldthem. They they do a lot more in
that industry.
The current employer that Ihave, we're not that much into
them. But that at in Baltimore,I did see a lot of them moving a
(26:02):
little bit more than normal.They are starting to pick up a
little steam in a sense. I thinkthe strongest is still the PCGS
with the sticker that seems tobe where most people are going.
It's it's I hate to say it, butit's all about that registry.
And the PC Jets registry seemsto be where most collectors,
(26:24):
they like to they like thatregistry more. I think if the
CAC registry picks up somesteam, I think you're gonna see
a lot more people buying thosecoins.
Speaker 1 (26:34):
Okay. Appreciate that perspective. I got a couple more
questions here before we end up,we're gonna wrap things up
because I'm getting hungry. It'slike, well, it's it's after
seven. Did you run into anyinteresting people during or
have any good conversations orinteresting conversations on the
floor?
(26:56):
This is of the of the questionsI got prepared, this is just one
that I I thought was a littlebit oddball.
Speaker 2 (27:02):
Do I at this Baltimore, I didn't run into too
many, but I did at the lastBaltimore. Yeah. Because I've I
Speaker 1 (27:11):
am from New York. I was there. I was at the last
Baltimore, and we went todinner, and we had steaks. And
Speaker 2 (27:16):
and Yeah. I did have some interesting conversation
with some customers at the lastone. This one, not so much in a
sense. I did make a few newcustomers that are, know,
starting in coming in. They're,they're getting away from the
telemarketer kind of stuff.
I really think that thetelemarketer industry, it seems
(27:39):
to be very strong, but it seemslike I said, I think collectors
and people are starting to wiseup to it a little more, and get
and not spend so much money withthat. I think people are a
little more
Speaker 1 (27:50):
That's a good quest it's a good topic. I mean, who's
watching who's watchingtelevision nowadays? I mean, the
only people left watching actualtelevision, I don't know, are
retirees. Yes. I guess, youknow, there's and I think
there's fewer of them that arenot savvy enough to, you know,
recognize that it's you'remassively overpaying.
(28:12):
But That
Speaker 2 (28:13):
think when they go to these bigger shows and they
start talking to more dealersand you get different variety of
different inputs on certainthings from different dealers,
you're getting more information,and they're they're being
smarter. They're actuallygetting much smarter.
Speaker 1 (28:29):
Yeah. Oh, based on what you saw, where do you think
the hobby is headed in the nextsix to twelve months?
Speaker 2 (28:38):
Six to twelve months, I think you're gonna see, I
think you're gonna see a lot ofstrength in the earlier stuff.
We're coming up. Let's see. Nextyear's 2026. It's the two
hundred and fiftieth anniversaryof America.
So I wouldn't be surprised ifyou see a lot of movement in the
coin world. You're gonna see alot of the commemoratives. So
(29:00):
anything that's gonna bepatriotic in a sense. Yeah.
Gonna see that stuff's gonna beit's gonna be pretty hot.
Speaker 1 (29:06):
I wonder what the the high relief design's gonna be. I
always look forward to the, youknow, to the whatever they call
the you know, I'm talking aboutthe US Mint high relief. Like,
they they came out just recentlywith the Bronco one, which is
like the coin of the year, whichis an amazing coin. If I could
get a picture of it, I'll put ithere. Anyways, this one's coming
(29:27):
up is gonna be a sunflower,which I'm pretty excited about.
My my mother loves sunflowers. Idon't know if I wanna buy her a
$3,500 coin as a gift, but theidea is there. I'll definitely
buy them for inventory for sure.
Speaker 2 (29:41):
I think I'm
Speaker 1 (29:42):
on a payment plan.
Speaker 2 (29:44):
What I understand, I believe there is gonna be an
introduction of, like, the olderstyle, like, I that flowing hair
design that the mint releasedwith Coke are crazy. So I think
that the mint's gonna bring someof that stuff back. So you're
gonna I think you're gonna seesome of that. And I I wouldn't
be surprised if you see a changelike they did in 1976, where
(30:08):
they did a change to the quarterand a half. I would not be
surprised one day.
Speaker 1 (30:12):
Oh, you just mean in general for the coinage that
year?
Speaker 2 (30:14):
I think they're gonna change something. They're they
have. They something's meantthey're gonna do something.
Speaker 1 (30:21):
Yeah. Well, yeah. I was just thinking in terms of
mint designs for, like, thespecial stuff, you know, like
the all the mint in the mintproducts.
Speaker 2 (30:28):
Think they're gonna do that too, but I think they're
going to change the even maybethe half dollar that you give it
a different reverse. They'regoing to do something. You know,
the men's going to do something.They're they're sneaky like
that.
Speaker 1 (30:39):
Yeah. Nice. That's exciting. All right, man. Well,
hey, thank you so much for doingthis.
This is turned out to be, Ithink, an incredible little
thirty minutes. I'm going to beable to post my my YouTube
channel. This will also be onInstagram, I think, some
capacity if I can get it towork. But, thanks a lot for
doing this. Hope we could dothis again.
Speaker 2 (30:59):
No problem. Absolutely. Definitely wanna do
it again.
Speaker 1 (31:02):
Alright. Hopefully, you had some fun. And I think
our friends out there will enjoyseeing this episode to us.
Alright, buddy. Alright.
Thanks a lot, and I'm gonna seeyou next time. So Yes, sir.
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