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Let the FUN begin

Yesterday was my travel day to the Florida United Numismatists convention. It went smoothly for me. The only glitch, and it was a small one, was that my carry-on bag was sent through the x-ray machine twice. As I wrote yesterday, I figured I might have a small problem with the rolls, but I left the five cent rolls in the bag anyway. The line of people was so short and the available time was so long that I just figured I would see what would happen. I had taken the precaution of dispersing them, so they weren’t together in whatever image the TSA agent might see. And, of course, I was ready to open the bag if asked.

My colleague, Bob Van Ryzin left through a different airport. He had a few rolls also and he experienced three passes through the x-ray machine and he was finally asked to open his bag.

Once I arrived at FUN I had an interesting conversation with Indiana world coin dealer Al Boulanger. His wife is in the hotel business. He told me that he has noticed that in this recession the hotel business and the coin business seem to track exactly. He first noticed this some while ago when arrived home after a bad show. His wife happened to volunteer information that her booking inquiries had slid. This got his attention and he has been paying attention to the possible correlation of the two businesses since.

My response to Al was to suggest we explore this topic further in a Coin Chat Radio interview. Perhaps numismatists should be following the state of the hotel business as a means of keeping track of our own business levels.

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One Response to Let the FUN begin

  1. Warren Stuart says:

    I have a different take on the sluggishness Dave. At a recent coin show in West Palm Beach, FL, all I heard from practically every dealer was, "we’re not buying because nothing is selling". Then I looked in their cases and saw nothing but miles of MS62 common date Morgans, and a bunch of unslabbed Type with holes in them. I had several Gem Proof type coins to sell, but everyone there seemed to be waiting around for some member of the public to walk in with a 16-D dime hidden in a bag of bullion. In general is seems like coin dealers live for the Grand Slam they can brag about, but do nothing in the meantime except discourage new interest in our hobby. I’m afraid if the ANA doesn’t address this issue, there’s no hope for ever expanding our hobby to new generations. Seven days a week the public is learning about coin collecting on the Home Shopping Network, and on Sundays they attend these rummage sales of low-quality coins that usually end up being just as bad investments. The pubic should know more about "the hobby of kings", but instead they’re buying replicas of history off the internet. That’s why the business is in a downtrend, not hotel vacancies. Beyond these pages, does anyone even know there’s a REAL 1913 nickel anymore, or that one was recently bid to $3 Million dollars?

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