Author Topic: How has the Long Beach Expo been going? (September 17-19, 2015)  (Read 8765 times)

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Offline Birdman

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How has the Long Beach Expo been going? (September 17-19, 2015)
« on: September 19, 2015, 02:46:19 PM »
I couldn't make the trip to the Long Beach Expo this year, but I'd love to hear a report from those in attendance.  Is someone willing to step up and give us a few insights into what the scene and action for Chinese coins has been for the past three days?  Or share a few photos?   No detail is too small for those stuck doing work out of state (me) or out of country, and separated from crowds, dealer tables, and coins of the big show  N48

http://www.longbeachexpo.com/showtime

Offline r3globe

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #1 on: September 19, 2015, 05:28:45 PM »
I would love that too. Please do share pictures and insights. Thanks :)

Offline wg

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #2 on: June 08, 2016, 02:33:33 AM »
long beach expo 2016
june 9 -  june 11

http://www.longbeachexpo.com/dealers

i'd love to hear a report ..

 please share some nice pics :001_tt1:

thanks N48








Offline Pandora

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #3 on: June 08, 2016, 05:05:29 PM »
Today is the dealer setup day at Long Beach Expo. I am setting up table 1242. Arif has table 740. Come and visit us. Show is open to public from tomortow till Saturday. I will post some photos.

Offline Obsidian

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #4 on: June 08, 2016, 08:39:58 PM »
I will be at the Long Beach show tomorrow and will likely visit both Pandora and Arif at their booths.  I'll take pictures of anything exciting.  The show will be full of very nice US coins which I also find exciting.  I'm sure the MCC selection will be fairly sparse this go around.


Offline wg

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #5 on: June 09, 2016, 01:49:47 AM »
pandora & obsidian

 N66 ;)

 :scared:

Quote
Today is the dealer setup day

arif and xu h.
:001_rolleyes:

public has no chance to find something interesting :001_tongue:




Offline KeyDate1/2ozPandas

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #6 on: June 09, 2016, 02:03:31 AM »
I did my part in buying every 1/2 and 1/4 I could find priced well. 

Also I didn't set up my display cases during dealer set up so collectors that arrive at 10am on Thursday will have first crack at the coins with more coins coming in at 11:30am when NGC gets their show deliveries. 

Offline Obsidian

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #7 on: June 09, 2016, 02:06:52 AM »
Yea the dealers will have any good deals locked up on Wednesday.  Collectors like me get to pay retail.  Way it goes.

Offline mazinger7000

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #8 on: June 09, 2016, 06:56:10 PM »
had a good time, show seems well attended. got to meet obsidian, pandora and see clark and keydate1/2oz pandas again too. don't know how many good deals are out there for the good stuff but arif had/ has tons of the good stuff for sale--

Offline Birdman

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #9 on: June 09, 2016, 08:16:26 PM »
Thanks for the photos and the report Mazinger7000.  I see a lot of gold pandas in the two left trays in the photo of Arif.  That is to be expected.  Just out of curiosity, however, what are some of the coins in the tray to the far right in that photo, which mostly appear to be something different?

Offline mazinger7000

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #10 on: June 09, 2016, 11:41:55 PM »
Thanks for the photos and the report Mazinger7000.  I see a lot of gold pandas in the two left trays in the photo of Arif.  That is to be expected.  Just out of curiosity, however, what are some of the coins in the tray to the far right in that photo, which mostly appear to be something different?

i believe the tray on the right belonged to his booth partner, not arif. and yes, his trays are/ were really loaded with great gold pandas of all denominations.

Offline KeyDate1/2ozPandas

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #11 on: June 10, 2016, 04:38:53 AM »
The show was great for buying on Wednesday, most were pre arranged deals. Thursday didn't buy anything.  

Thursday was all selling, didn't set up table until 30 minutes prior to show opening.  Majority of the sales were 1oz in ms69, 1oz raw and bunch of 1/4 to a wise forum member that hasn't posted or bought in long while.  Mainland dealers focused on mainly buying non ms69 coins at good prices, they did a good job cleaning the floor of lower grades. Overall one of the best shows in 4 years.  

My table partner didn't sell a single Russian coin in the display next to mine, but sold almost all his gold pandas.

Offline Tao-Panda

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #12 on: June 10, 2016, 07:09:25 AM »
Arif and Pandora,

Great to see you.
You look like very sympathetic guys  ;)

Offline Birdman

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #13 on: June 10, 2016, 07:22:55 AM »
The show was great for buying on Wednesday, most were pre arranged deals. Thursday didn't buy anything.  

Thursday was all selling, didn't set up table until 30 minutes prior to show opening.  Majority of the sales were 1oz in ms69, 1oz raw and bunch of 1/4 to a wise forum member that hasn't posted or bought in long while.  Mainland dealers focused on mainly buying non ms69 coins at good prices, they did a good job cleaning the floor of lower grades. Overall one of the best shows in 4 years.  

My table partner didn't sell a single Russian coin in the display next to mine, but sold almost all his gold pandas.

Thanks for the update.

Majority of the sales were 1oz in ms69, 1oz raw and bunch of 1/4 to a wise forum member that hasn't posted or bought in long while.

Is piling into gold pandas now, after not buying for a long while, "wise"?  Perhaps the reasoning is that the G1/4 dates he bought haven't had their run up yet, or that he got a below market price for a bulk purchase?  When the latest Pricepedia commentary describes the gold panda market as blazing red hot, it is good  to be cautious.  If you describe him as wise and a long time member, Arif, I'm sure he is selective and informed, but I'm just doing my duty as a moderator and commenting to get any brand new forum members to pause and consider purchases, and not get blindly caught up in the excitement.  I think there are definitely some good investments left in this market, but there are some coins that no longer seem to be undervalued at current prices.  Or perhaps we are just getting started and there are several legs up remaining in this market?!  I'd love that, given my holdings, but investing in this market is not like a few years ago when finding undervalued gold pandas was like shooting fish in a barrel.  After the last four or five months, one needs to be even more careful and thorough with market research.

Offline Wafdawg

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #14 on: June 10, 2016, 10:26:30 AM »
The show was great for buying on Wednesday, most were pre arranged deals. Thursday didn't buy anything. 

Thursday was all selling, didn't set up table until 30 minutes prior to show opening.  Majority of the sales were 1oz in ms69, 1oz raw and bunch of 1/4 to a wise forum member that hasn't posted or bought in long while.  Mainland dealers focused on mainly buying non ms69 coins at good prices, they did a good job cleaning the floor of lower grades. Overall one of the best shows in 4 years. 

My table partner didn't sell a single Russian coin in the display next to mine, but sold almost all his gold pandas.

Any MS70s in that display? You know i love my MS70s. Not many posted on your website.

Offline KeyDate1/2ozPandas

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #15 on: June 10, 2016, 11:03:40 AM »
The 1/4 buyer bought all the years that haven't moved much, 83-89 and 10-15 at a very fair price.  The more common years are a nice complement to his rare 1/2 collection. Another buyer bought some key dates 1/4 that he was missing.  

All the buyers and those that stopped by to say hi were seasoned, with 5-20 years of prior experience buying/selling MCC coins.  Not a single customer showed up that I haven't known for at least 5 years.  It is quality of buyers that is the best indicator of where we are in the cycle.  When newbie buyers, newbie dealers and credit card paying customers start buying, then I will be worried about a market top.  So far it is just the seasoned veterans of years past that are doing the buying, some of which took a break during the bear/flat market.  I remember doing September 2011 show where 80% of my transactions were to buyers I had never known prior to the show and most of them had discovered gold pandas 3-6 months earlier.

Nobody knows where prices will be 3, 6, 24 months from now, all I know is buying coins is multiples harder today than spring 2008 and fall 2011, both times were intermediate peaks in the gold panda secular bull market that started in early 2007.  With inventory being tightly held and offerings coming in at a trickle I feel safe knowing nobody is going to flood the market with 1/2 or 1/4 and most coins of other sizes.  Also during this cycle much more information is available, pricepedia, NGC/PCGS price guide, dealer bid prices, auction archives, etc which allows many to make informed decisions and often decide to hold the coins rather than sell them at bullion prices to coin shops.  It is going to take $1600 or $2000 gold to bring newbies into this market, so far the gold move from $1100-$1270 is invisible to 90% of newbie buyers that will show up in the future.

NGC was brutal on my submissions, 21 coins out of 60 came back ms68 or below.  Quality was not the issue as I only submit coins I believe are worthy of ms69 or better, it was strict grading.  Only ms70 were 1995 1/10 ld, 2006 1/20 and 2007 1/2, will update web site today.

Offline silverpv

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #16 on: June 10, 2016, 12:01:48 PM »
All the buyers and those that stopped by to say hi were seasoned, with 5-20 years of prior experience buying/selling MCC coins.  Not a single customer showed up that I haven't known for at least 5 years.  It is quality of buyers that is the best indicator of where we are in the cycle.  When newbie buyers, newbie dealers and credit card paying customers start buying, then I will be worried about a market top.  So far it is just the seasoned veterans of years past that are doing the buying, some of which took a break during the bear/flat market.  I remember doing September 2011 show where 80% of my transactions were to buyers I had never known prior to the show and most of them had discovered gold pandas 3-6 months earlier.

NGC was brutal on my submissions, 21 coins out of 60 came back ms68 or below.  Quality was not the issue as I only submit coins I believe are worthy of ms69 or better, it was strict grading.  Only ms70 were 1995 1/10 ld, 2006 1/20 and 2007 1/2, will update web site today.

I guess I'm glad I didn't show up! lol. I would say I'm part of that newbie buyer demographic. I would love to drop by but its hard to sneak out of work.

That is pretty crazy that 21/60 were ms68 and below! Did you do conservation on any of the group?

Thanks again for the insight.

Offline KeyDate1/2ozPandas

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #17 on: June 10, 2016, 01:16:46 PM »
When you start calling in sick at work for multiple days so you can hang out all day at a coin show then it will be too hot to hold. 

Coins requiring conservation are conserved.  Keep in mind I am submitting mainly 1oz and 1/2oz, which are much harder to grade than 1/10 and 1/20, the small sizes 85% ms69 yield is still common, it is big coins that 50%-65% is now common.

Offline silverpv

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #18 on: June 10, 2016, 01:44:45 PM »
When you start calling in sick at work for multiple days so you can hang out all day at a coin show then it will be too hot to hold. 

Coins requiring conservation are conserved.  Keep in mind I am submitting mainly 1oz and 1/2oz, which are much harder to grade than 1/10 and 1/20, the small sizes 85% ms69 yield is still common, it is big coins that 50%-65% is now common.

Ahh that makes sense... The pool of nice coins is drying up.. Interesting as that trend moves down stream.

Offline KeepOnTrying!

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #19 on: June 10, 2016, 03:31:44 PM »
A newbie (like me) can't be rubbing shoulders with the big dawgs buying and selling hand over fist. From my experience of stock market investing you need to live through a few boom and boost cycles to begin to learn how things work. I believe I have had good deals with KD and have learnt a lot from him. Continued dialogue with our more experienced members will surely increase the knowledge base and avoid pitfalls.

http://china-mint.info/forum/index.php?topic=12538.msg74144#msg74144

http://china-mint.info/forum/index.php?topic=12595.msg74575#msg74575

IMO!
KeepOnTrying and Never Give Up!
That lion is also after you!

Offline KeyDate1/2ozPandas

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Re: How has the Long Beach Expo been going? (September 17-19, 2015)
« Reply #20 on: June 10, 2016, 06:01:23 PM »
Today not a single customer showed up to the table today.  All the mainland buyers went home Thursday night.  Even though I paid for the table through Saturday 4pm, decided to pack up at noon on Friday and call it a show.  Another observation from the show is nobody brought any coins to sell or trade, the retail crowd was there to just buy.  During previous peaks people were buying, selling, trading, flipping, etc.

You are correct living through a bull and bear cycle is the best education.  Pandora and Obsidian entered the market at the peak during 2011, this time around they are much smarter buyers and sellers.  Someone commented their presence at the show marks top in the market, but I countered they are too wise and prudent to make the same mistakes, when we hear about average Joe wanting to quit their jobs to become panda dealers then we will be near a top.