Spend your money at Central States show
Tax deadline is April 15, just two days from now. This date used to be my prompt to write about a temporary slowdown in the coin business as dealers and collectors…
Tax deadline is April 15, just two days from now. This date used to be my prompt to write about a temporary slowdown in the coin business as dealers and collectors get their financial ducks in a row to make whatever tax payments they owe.
Cash flow was hit and commercial results suffered a bit during the weeks immediately ahead of the tax deadline.
Does this happen anymore?
The paying taxes part is a certainty, but does this activity around April 15 have as much impact on the general level of numismatic commercial business as it used to?
Over the weekend the Chicago International Coin Fair was held in Rosemont, Ill.
It is an international show, but the dealers holding tables are almost entirely from the United States as are the attendees.
They face the same tax deadline as those who are active in the U.S. field.
Preliminary reports said that it was active.
If it in fact was a good show, then we must assume that factors like a strong U.S. dollar and fairly steady bullion prices were having more impact on the level of business than pending tax filings.
Standard Catalog of World Coins market analyst Tom Michael has told me over the years that stable bullion prices at levels that are seen as not being excessive are good for business in the world field.
World coin collectors are more sensitive to rising bullion prices and rein in their spending when precious metals get too high. This behavior is probably due to long-term experience in the field.
Not for them is bullion chasing.
It has been four years since silver peaked and a little bit less time since gold followed suit. Both have retrenched quite a bit since then.
The next big event for hobby pulse takers like me is the Central States Numismatic Society convention April 23-25 at the Renaissance Schamburg Convention Center Hotel in Schaumburg, Ill.
Early birds can attend starting at noon April 22.
Organizers are expecting that over 250 tables will be filled with dealer cases.
If Uncle Sam has left you with money in your pocket to spend as you please, the Central States event will be the place to start looking to fill your want list.
For details about the convention, visit the CSNS website. The link is below:
Buzz blogger Dave Harper is winner of the 2014 Numismatic Literary Guild Award for Best Blog and is editor of the weekly newspaper "Numismatic News."
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