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Long Beach opens with gold at high

LongBeach1016b.jpgAs the price of gold rose, so did the excitement at the Long Beach Coin, Stamp and Collectibles Expo Sept. 27-28.

A crowd gathers before the opening of the Long Beach Coin, Stamp and Collectibles Expo. (Donn Pearlman photos)

?The price of gold climbed more than $10 an ounce to over $740 during the show, and that gave another big psychological boost to the continuing, robust coin market,? said Ronald J. Gillio, expo general chairman.

?The official auctions of U.S. and world coins and bank notes by Heritage Auction Galleries generated $25 million in sales, and dealers on the bourse floor reported very good retail business,? Gillio said.

The 4,810 attendees viewed special displays including one by Monaco Rare Coin. One of the coins in the exhibit, the finest known pewter 1776 Continental dollar, was featured in an illustrated story in the Long Beach Press-Telegram newspaper.

Stack?s offered a display of Western Americana from the John J. Ford Jr. Collection, the Professional Coin Grading Service had highlights of the PCGS Grading Set) and and Certified Assets Management showed the finest known 1907 ultra-high relief Saint-Gaudens double eagle.

Educational programs were conducted by a dozen organizations and by eBay.

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