Ep.9 - Coin Show Review and Live Negotiation with Kenny Duncan Jr. #numismatics #coin #collection
All right, folks. Welcome back to another episode of the CABG Coins Podcast. I'm really excited about today's podcast. We just got back from the ANA World's Fair of Money in Oklahoma City, and I reached out to my friend Kenny here from US Coins in Houston, and he agreed to do a show recap of the show in Oklahoma. It was a fantastic show.
Tony Gryckiewicz:It was awesome. Kenny, I don't want to kind of screw up kind of the intro. I want you to give a chance to introduce yourself and US coins. So just let everybody know who you are, what US coins is, and we'll get into talking about the show.
Kenny Duncan Jr.:Hey man, Tony, I really appreciate you asking me. My name is Kenny Duncan Jr. From US coins and US coins and jewelry. We are a family owned and operated business here in Houston, Texas, coin shop, wholesale department, some retail. We do some modern.
Kenny Duncan Jr.:We've got another branch of our company, Celebrity Mint, that works with athletes to try to bring new valuables to collectibles.
Tony Gryckiewicz:That's awesome. Yeah, candy in US coins is definitely like, you know, that's kind of like what I'm aspiring to be, CABG coins one day. These guys are on the other side of the spectrum. These guys are huge, they're everywhere and I'm just kind of still boutique and I'm getting going, getting growing. But Kenny, I believe in his brother have a podcast as well.
Tony Gryckiewicz:You guys have a, what is it called? It's called the coin shop podcast, is that right?
Kenny Duncan Jr.:Yeah, the coin shop podcast.
Tony Gryckiewicz:Yeah, yeah. So these guys have been on YouTube for a while and I thought, hey, this would be a fantastic time to do a little collaboration and talk about the show, get his perspective and you know, it's going to be, you know, I got my perspective out there in like the economy section at my very first table, a large show. And then you have Kenny had this enormous, awesome section right in the center of the floor for with US coins. So I think everyone out there is going to get two different, maybe slightly different perspectives or just kind of different ways of looking at how things went, you know, for the course of this show. But, you know, going into Oklahoma City, there was a lot of speculation about whether it could host an ANA successfully.
Tony Gryckiewicz:What were your expectations going in and how did reality, you know, compare to that?
Kenny Duncan Jr.:Yeah, listen, I mean, that's a great question. I was a little mixed, to be honest with you. I had communicated with a lot of people that we do business with on the wholesale side. So for me, there were a lot of things already set up. So we were, we try to when we go to a coin show no matter where the venue is or no matter what time of the year it is, we are going in there with a plan, with a mission, and with a lineup.
Kenny Duncan Jr.:And I thought we thought we did a good job prepping for the show, but I will say when we got there, I mean, first things first is when you get to that Omni, where the show location was, man, what a nice I mean, what a nice space that was, right? I mean Yeah,
Tony Gryckiewicz:super nice.
Kenny Duncan Jr.:It's one thing, like when you go to Rosemont, and sure, I love the crowd in Rosemont and I understand, right, the retail side of it and just the overall customer experience at Rosemont, being so close to Chicago. But, you know, it's hard to get set up and to get going sometimes there, you know? Where I lay my head sometimes is some of the most important. How comfortable am I at these shows, right? Yeah.
Kenny Duncan Jr.:So when I got there, was surprised by, A, how quick it was, how quick it was from the airport to the actual hotel. And it was just a clean, very just clean and friendly environment. And I I just think we started off on a very positive note. And, I was overall really excited about the the location.
Tony Gryckiewicz:Yeah. Did you and your team have any impressions of like the city itself, the dining, the nightlife, you know, how welcoming the community was to coin collectors?
Kenny Duncan Jr.:Yes. Yeah. So as we got into it, we started venturing out a little bit outside the Omni and going to some restaurants, which were, overly pleased. I'd say the city and its inhabitants were nice and super friendly. And I would say all the Uber rides we took and whatnot, everybody was overboard trying to make sure that we knew that there were some other businesses, you know, whether it would be a place to go play video games or there was there's just all kinds of little things to do and the Uber guys were super, super friendly and giving restaurant recommendations, and I don't think I had a bad meal the entire time I was there, so that's always a plus, right?
Tony Gryckiewicz:Yeah, I agree with that. I was really surprised at the quality of the food in Oklahoma City. I don't think I had a bad meal, like you just said. There was a couple of places I went to a few times, a couple of times. And yeah, the only thing I would say you mentioned about Uber is do not walk in Oklahoma City in the middle of the day.
Tony Gryckiewicz:Not because it was like a super safe city. It was awesome from that perspective, but it was hot. It's all get out. Was really, really hot. I mean, you're from Houston, right?
Tony Gryckiewicz:So like,
Kenny Duncan Jr.:Yeah, it's guys different kind of hot, right? Houston, Houston has a very humid sticky hot where I feel like, I mean, that was just a dry, you know, just like suck the life out of you, dry hot hot. It was, it was a little brutal for a couple of days.
Tony Gryckiewicz:Yeah. Yeah. How did you how did the field the crowd feel to you compared to other ANA shows? I mean, were you surprised at how busy it stayed through the course of the show and even up through Saturday?
Kenny Duncan Jr.:You know, yes, yes and no. Like, felt there was some there was a crowd. Right? And there were there were definitely more people there on Thursday and Friday than I expected to see. Just based on you know, we got in there on on Tuesday in terms of dealer setup.
Kenny Duncan Jr.:I it wasn't I didn't feel that that ANA type of frenzy. Wednesday, you know, Wednesday, it started off a little slow, and then it really kicked off. Then into Thursday and into Friday, we were just busy head down the whole time.
Tony Gryckiewicz:Yeah.
Kenny Duncan Jr.:So, you know, I probably should be a little more cognizant of the retail and whatnot. We didn't really set up much for retail. We were just really just trying to buy any coin that made sense in our programs. Yeah. And we stayed super busy doing that.
Kenny Duncan Jr.:So that's always a good thing.
Tony Gryckiewicz:Yeah. Yeah. I agree with that. And I thought the dealer day was a little slow. There weren't as many or all of the dealers kind of nationally that I would normally see at an ANA.
Tony Gryckiewicz:I don't think a number of them, there was a few of them that just chose not to attend this particular event. Maybe expectations were low in terms of location. So dealer day was pretty, was pretty low, low key, but I felt as soon as the public was led into the room in Tuesday afternoon, it was busy. And the Wednesday was super busy. Thursday was super busy.
Tony Gryckiewicz:I was, I mean, I barely had a moment to go get my food from the Uber driver, you know, that Uber Eats and even just eat the thing because people were constantly coming up to the table, wanting to buy stuff as well as willing to sell stuff. And I had one of best shows I've ever had before, you know, doing, doing shows, you know, anywhere was with Yeah. This particular
Kenny Duncan Jr.:Yeah. Thank you.
Tony Gryckiewicz:You. Yeah. It was, it was incredible. And, and you know, my intentions were to leave on Saturday morning to get it going. Cause I drove, I don't know, you know, what you did or if you did you fly or did you drive?
Kenny Duncan Jr.:Yeah, we flew. It's an hour and a half flight from Houston to, just, it made sense. I think it was about a seven hour drive and we had a couple of people make the drive up. I'm just, you know, I'm not really
Tony Gryckiewicz:sure those
Kenny Duncan Jr.:drives anymore.
Tony Gryckiewicz:So I actually ended up staying through, think 02:00 because I was just busy in Saturday, which is unheard of for a major show. Other shows like the Baltimore Whitman show, it's a ghost town on Saturdays. And this was really busy up until about, like I said, 02:00 and I just had to pack it up and get on the road and I had to go. It seems like the
Kenny Duncan Jr.:How same long was your drive?
Tony Gryckiewicz:You know, I know. I live in Pennsylvania.
Kenny Duncan Jr.:I know that's what I thought.
Tony Gryckiewicz:Yeah. Yeah. So I, you know, I kind of just, I don't know how to put it. I enjoy the adventure aspect of this business, getting on the road, stopping into coin shops, going to different places, you know, shaking some hands and then months later somebody contacts me with something to offer me that I, because of a great impression I made when I stopped into the coin shop. So I turned this particular show out in Oklahoma into a large kind of road trip coming down into Tennessee, stopping into a local dealer friend that I do a lot of business with, made my way out to Memphis, Oklahoma.
Tony Gryckiewicz:And on the way back, went up to St. Louis. I went to Ohio, which I've got a lot of kind of connections and great shops up there that I've done business with, picked up some cool things and then made my way back. It was long.
Kenny Duncan Jr.:Now have you told that story? Because that's what I'd like to hear on a podcast. I'd like to hear that entire trip.
Tony Gryckiewicz:Yeah. No, no. Just got back with it.
Kenny Duncan Jr.:Know, I into mean, but I you know, listen, I think that, you know, for some of the younger guys that are trying to get into this business, you know, I think that it's like, you know, when they say, like, the rubber meets the road. Like, it's you can really write your own story in this hobby, in this business, and that's what I love about it. You know, you don't have to have, you know, eight tables and a safe and all this other Look, I mean, the only reason I got it is because of my dad, right? So let's not Don't look at me like, you know, this is I'm just there, you know, trying to do what I can do to keep it going, right? So, you know, I think that a lot of people, no matter where they start, have to realize it's just like anything else.
Kenny Duncan Jr.:If you put a lot of work in, you're gonna see a lot of success. You know, and if you're truly dedicated to it and you're doing the right things and you're making good relationships out there, you're gonna be successful in anything that you do, but especially in this business. So Yeah. I mean, that's cool. I'm glad that you told me that because it's you know, I mean, that's I like that.
Kenny Duncan Jr.:I like doing business with people like that, you know, who, you know, aren't just kind of like automaton sitting behind a desk, right? They're out there shaking hands and making you know, making it happen.
Tony Gryckiewicz:Yeah. Yeah. A little off topic, I'll just mention that my previous career was in data analytics for a large mortgage company and I sat behind the desk for a large portion of that time in that career and in office with you know, an office place, office life was, was fine. Going out to lunch with people was, was, was giving me my social kind of social life, little bit social aspect. But then when we all switched to working from home during COVID, it really changed my life.
Tony Gryckiewicz:I was not a lot of fun, sitting at home, being home all day, sitting in front of a computer, doing, doing Zoom meetings. It just wasn't my thing. So I love getting back onto the road and getting out to, to meet people and to interact with folks. And I've decided to basically do this full time now because it's going very well and being really successful and I love it. And that's, you know, whatever you choose to do in life, it's like, you enjoy what you do, the energy comes along with it, you end up, I think success kind of comes with that gravitate So, towards the but anyways, the show.
Tony Gryckiewicz:So there was a lot of people there. I think there was a lot of public, there was a lot of collectors there. Was surprised how many people flew into Oklahoma City to come to this big show. That was a question I was going to ask you from your perspective for collectors. What are the major shows?
Tony Gryckiewicz:Like if you were serious about collecting, if you're trying to build a set of, I don't know, 10 Indians and you're serious about finding the best coins, of course you can go and surf the internet obviously, but if you want to get out on the road and you go to the major shows, what are the major events to attend in the course of the year?
Kenny Duncan Jr.:One Yeah, I would be one of mean, you know, for me, I mean, it's fun, right? You start off the year at fun in Orlando. And then Central States, in that kind of spring ish time, always a pretty good show for us to buy coins. And I'd say more so in these last couple of years because the hunt for great coins is on, Right? I mean, we sell we're selling a lot of great coins.
Kenny Duncan Jr.:You got a lot of coins. I mean, crazy amount of cool coins coming up in auction starting today, you know, which is why I gotta run-in a little while. Okay. But, you know and then you've got stacks, you've got the Springfield sale, you've got some really good things. So, I mean, anytime there's some big auctions floating around the show, that's always a good time for people to go preview.
Kenny Duncan Jr.:I tell you what I like is the Whitman show in Baltimore. Tell you, Feigenbaum is really, John Feigenbaum is doing a lot to really pump that show up. And he's doing it, you know, more bringing media and bringing, you know, if it giving guys like, you know, you and myself and other guys out there that do, you know, podcasts and whatnot try to bring more awareness to the hobby, giving them, giving us a platform to do it there.
Tony Gryckiewicz:I
Kenny Duncan Jr.:think he's got some really cool things in store. So that's always one of my favorite shows as well. I personally like the summer fun show in Florida. I just think that there's always good coins and then obviously the ANA.
Tony Gryckiewicz:Yeah. Obviously. Yeah. Absolutely. ANA.
Tony Gryckiewicz:I the only others I would throw into that, depending on a person's region where they're at, the Pan Show outside of Pittsburgh is typically a really good show. One of the best, I think regional shows Right.
Kenny Duncan Jr.:In the country. Hearing that. Yeah. Keep hearing that. We sent a couple of guys and I mean, just for us it hasn't worked out, but maybe from a retail perspective because there is a lot of East Coast dealers there.
Kenny Duncan Jr.:Probably for retail coins, it's probably really good.
Tony Gryckiewicz:So what about Texas? So you're in Houston there, I used to live in Dallas, lived in Dallas for five years. Texas is enormous, you could drive an entire day and you're like still in Texas and you're like, you know, when does this place ever end? I'm surprised. I mean, what's like the major show in Texas?
Tony Gryckiewicz:If I wanted to come out, visit my friends again in Texas and meet the excuse to fly out there, what's the major one to go to?
Kenny Duncan Jr.:Yeah. The TMA was the show. It was in, believe it not, either Grapevine or Fort Worth. I think it's Fort Worth, actually. And it is going back to Fort Worth.
Kenny Duncan Jr.:They moved it to Conroe this year. Think it was very, I'd say, poultry at best. So I would think that that's a good one. You can come in and you fly into Dallas or Dallas Love there or you've got multiple ways in. It should be a lot better, you're right.
Kenny Duncan Jr.:I mean, just to get to your real point, Texas is slacking on the shows big Always has been, in my opinion. But I will say, I think that a lot of the older guys were so used to going to the TNA that and and it was just like an event. It's in it's normally around the May, June. Yeah. And I just honestly, I feel like attendance has dropped off, you know, enormously, honestly.
Tony Gryckiewicz:Yeah. Interesting. Interesting. I mean, Dallas just Texas in general between Houston, Austin, Dallas, Fort Worth. I mean, there's, it's a, it's a strong part of the country from, from a, from a wealth perspective, from a wealth creation perspective.
Tony Gryckiewicz:I mean, there's a lot of businesses there, there's people there, etcetera. So I'm kind of surprised, but yeah, maybe they'll, they'll turn off, turn around in the near future. So let's talk a little bit more about the coins at the show. People are always interested in like trends in the hobby and so forth. What types of, you know, questions from, from collectors or coins that collectors seem most interested in when they came to your booth?
Kenny Duncan Jr.:I'd say right now, I feel like Morgan dollars are getting hot again. There was like some few customers walking around filling dollar sets. Right? And then type. I mean, look, let me just cut to it.
Kenny Duncan Jr.:I mean, anything PCGS with a sticker on it is just hot. It's just it's a commodity in itself. Right?
Tony Gryckiewicz:Okay.
Kenny Duncan Jr.:I even you know, I I came back and I was talking to my traders and I swear I looked at some of the coins we sold and I feel like we sold them too cheap, because I can't find those coins to replace on the market, right? You have to produce them and producing them is so hard that it's I just feel like anything PC with a sticker on it just almost impossible to keep in stock.
Tony Gryckiewicz:Yeah. Yeah. So for those out there, when Kenny says we need to produce coins and correct me if I'm if I'm misinterpreting, but I believe what you're saying is that to find these coins again in the marketplace game, get them ready for retail, meaning submit them to PCGS or to grading company and get them certified, get them retail ready, know, takes is the challenge, you know? Producing doesn't mean we're not actually back in our garages stamping on points. No, no, no.
Kenny Duncan Jr.:No, don't. Yeah, obviously. Number one, impossible, but number two, yeah, not befitting of companies that we do business with. No, when I say producing, it's like, you know, going out and trying to buy fresh collections from other shops, you know, like you were doing on your trip. To shows and buy fresh collections, and sometimes those coins need to be, you know, twenty twenty five, then brought up to the new you know, brought up what, you know, we think the standard is today, and just nice coins, sometimes the grading standards in the days of old were you know, they were a little light and still trying to figure it all out, right?
Kenny Duncan Jr.:Yeah. And some of those sometimes those lines change, and we try to figure out, you know, how to bring fresh coins to market. That's the way we do it.
Tony Gryckiewicz:Yeah. From my perspective, like you said, Morgan dollars, think are somewhat getting as strong again. I think one of the biggest sales I made was a 93 S XF40 CAC. I love that coin. It was a fantastic, beautiful coin.
Tony Gryckiewicz:I sold that across my table to a collector. Yeah. That was, that was fantastic. And then Liberty City dollars, I think are one that there's a lot of fervor around them. I think that especially within circulated grades, the XF40, XF45 grades, maybe still riding on the heels of that huge auction of the old Chelsea collection.
Tony Gryckiewicz:Yep. Familiar with that back in like April or whatever it was. Yep. You had just beautiful original CAC, almost everything was CAC certified coins that just sold for multiples of what price guides, you know, had them listed at. So there was a lot of energy.
Kenny Duncan Jr.:I bought a 72S from you, remember? From the show before.
Tony Gryckiewicz:Yes, yes.
Kenny Duncan Jr.:Yeah. I mean, that's a date you can buy and you should, you know, it's like a '93 S, you should never lose money on a 72S.
Tony Gryckiewicz:72S. Yeah. Got one. We'll pull up here in a second. I got some of my pickups and I picked up another one at the show.
Kenny Duncan Jr.:Oh, did you really?
Tony Gryckiewicz:Oh, yeah. Much lower grade. Who cares? But, but, but still '72 s. Yeah, for sure, for sure.
Tony Gryckiewicz:All right, well, we'll just go ahead and I guess we'll start with some of the show and tell here. All right, so these are not in any particular order, but these are some of my favorite pickups from the show. Nice. Tell me what you think and-
Kenny Duncan Jr.:Yeah.
Tony Gryckiewicz:You know, kind of cruise through these fairly rapidly. So I did an episode, a couple episodes with Jacob Mattevsky and Timothy Chen on toned coins. And I had opportunity to buy this coin. This is an 1880 Philadelphia, which the Philadelphia didn't produce a whole ton of toners. It's kind of a difficult date to find toned coins.
Tony Gryckiewicz:I really love the overall look of this coin, the saturation of all the, all of the color throughout the coin. Not the highest grade example, doesn't have, you know, the CAC sticker, but on both sides of the coin, have really spectacular, fantastic, fantastic color. So pretty psyched about that one. I wanted to add, you know, some tone coins into, you know, my case. Cool.
Tony Gryckiewicz:Side note, I think is something that I've explored with as being a dealer. And I think that's good for collectors as well is if there's a particular area hobby you don't know very well, for me, was toned coins, monster toned coins, whatever. Take a chance, get out there, bake an investment. You'll learn a whole lot through the process of owning this thing. I don't know if you would agree with that, that sentiment.
Tony Gryckiewicz:I mean, sometimes you just have to take the leap to get into an area.
Kenny Duncan Jr.:Yeah. I do agree. There's a lot of literature surrounding it. And like you said, if you buy a couple coins, I mean, don't have to be expensive coins. It could be $50 to $100 coins.
Kenny Duncan Jr.:It doesn't don't have to make a huge investment to really start trying to get, you know, maybe more fired up to start learning it. But I think you're right. And the good thing about coins is you have very little downside. Right? Yeah.
Kenny Duncan Jr.:This is something we talk about a lot. You you should be able to buy a coin and have, you know, anywhere from 80 to 90 buyback to one of, you know, a 100 dealers on a floor. Yeah. So it just should give the consumer a lot of confidence. If you want to, you know, for me, for instance, for myself, just speaking in my own experiences is that when I want to collect something, there's nobody that gives us a coin dealer a deal.
Kenny Duncan Jr.:It's always, you know, 2X or 3X, you know, the replacement cost and I just I'm just not going to do that, right? Not going to go down buy some rare mineral for $5,000 when they've got a $1,500 buyback on it. To me, doesn't sound like a very good proposition. In coins, if you buy a thousand dollar coins, I'd be about a thousand dollar coin, I'd be shocked if you couldn't get 900 from three or four dealers, like within ten minutes, right? Yeah.
Tony Gryckiewicz:Yeah. Very limited downside. It's a it's a good it's a good point.
Kenny Duncan Jr.:I I think it's one of the things we don't talk about enough, to be honest with you. I really do. I I I really do. Even when you look at the sports card hobby. I mean, the you know, they these guys, they bought a $13,000,000 Jordan Kobe card last night.
Kenny Duncan Jr.:I mean, Heritage Who are
Tony Gryckiewicz:these guys?
Kenny Duncan Jr.:Well, it's Kevin O'Leary and Shine and another mean, all over the news. Yeah, they bought this Kobe Jordan dual logo man dual autograph card and it brought $13,000,000 in heritage. And think about the just think about the auction fee in that. I mean, it evaporates, right? Your money just literally evaporates.
Kenny Duncan Jr.:Where do you get liquidity on a card like that? Right? Where if something happened, I mean, where can you go get 6 or 7,000,000 hopefully for it? I'm just to me, I just not a not a really great proposition, right? So I just feel like with coin dealers, a lot of times we don't talk about the buyback and talk about and it's not even me, there's hundreds of dealers that I think would treat you fairly, and that's one thing that I don't feel a lot of other hobbies have.
Kenny Duncan Jr.:So not to get on my bandwagon, but I just I mean, my soapbox, I mean, but I just you know, I really I feel so strong about the hobby and how underrated I feel like coins are. Just their buyback alone should get some people to dip their toe in the water.
Tony Gryckiewicz:Yeah. You have a hobby that's pretty well established. I mean, not just not just in the last ten or twenty years, but we're talking about centuries and and, you know, kind of I mean, it goes back a long, long way. Coin collecting, the hobby of kings, like
Kenny Duncan Jr.:Kings of the are collecting coins, right? I mean, what else do you need to know? Like it's been around forever. Yeah. Literally forever.
Tony Gryckiewicz:Yeah. So this is one of my favorite pickups from the show. This is one of these coins that I would love to just keep for myself if I didn't have a business I was trying to build. 1829 over seven over dates and what that was referring to, it's hard to see here, but the original die had an 1827 stamped into the die or, or yeah, I guess stamped into the die of the crate coins and they reuse the same die and they put a nine over it. So we call it a nine over seven and you can kind of see a little bit of a nub here.
Tony Gryckiewicz:I don't want to zoom in too much. It's kind of, but anyways, yeah, you can kind of see right there a little bit of a nub. I just love the originality of this coin. It's a phrase that you often use a ton for a lot of different coins, but, but when I look at this thing, I just think the, the toning is just so perfect and spectacular. It's MS64 CAC.
Tony Gryckiewicz:It's one of my favorite coins that I picked up. I would love to, like I said, keep this thing, but it's just not going to happen.
Kenny Duncan Jr.:It's a nice coin, Tony.
Tony Gryckiewicz:Yeah. Appreciate it. It's a
Kenny Duncan Jr.:really nice coin. Yeah.
Tony Gryckiewicz:This is something that was, I think I want to throw some gold into this mix. I didn't buy a ton of gold that I loved, but this was just a 75 CC in AU58, pretty high grade, but with the CAC sticker, tough it's to find Carson City gold. Feel like with CAC stickers. You might look at this coin and say, initially this is kind of ugly, but this is a look. I believe this is referred to as like the Euro look, right?
Kenny Duncan Jr.:Yeah. Right. So it's got, it's got typical Euro look. A little dark on the devices. I mean a little dark on the, on the high points.
Kenny Duncan Jr.:Yeah. But look at the luster underneath. I mean the coin's got 62 plus luster. Yeah. It's just gotten a little bit too much friction, and I think it's graded, you know, right on the money, and the cash sticker gives you gives the customer to can a little some confidence.
Kenny Duncan Jr.:But no. I think that's a great looking coin. Yeah. Yeah. That's I mean, to me, that's that's as holy as original as I get.
Kenny Duncan Jr.:Mean, that's for 58. That's a great coin.
Tony Gryckiewicz:Yeah. The Euro look, I guess comes from the fact that a lot of gold was sent over to Europe after, you know, it was I guess outlawed to own gold starting in '19 A 30 lot of gold went over to Europe, right? And then it was stacked in, in vaults and that's where it created this look.
Kenny Duncan Jr.:Just the storage alone just got, you know, gets a little stuff on it. But again, I mean, if you're, you've been around and you've seen these coins, that's very market acceptable.
Tony Gryckiewicz:Yeah. Yeah, exactly. That's the reverse Now
Kenny Duncan Jr.:some dealers would say, I don't want a, you know, no Euro look, but that's generally on generics and things like that. You know, not so much on, on type or data coins.
Tony Gryckiewicz:Yeah. Yeah. Yeah. I threw this one into the mix. Not everything's got to be $2,500.1000 coins.
Tony Gryckiewicz:You know, this is just a nice little, actually I think this is over a thousand bucks, but anyways, it's just a $19.00 3 commemorative little gold dollar Louisiana purchase. I just thought this coin really had a lot of really great luster and pop and kind of an original skin to it, so to speak. Another one of those catchphrases we hear a lot. Just basically the coin has not been, I don't think this coin's ever been dipped or really futzed with. Nobody's really ever tried to kind of clean up this coin.
Tony Gryckiewicz:It just kind of has a little bit of a little bit of marks here or there to keep it at this MS66 grade with the CAC. I just this is one of the coins that came across my table at my table from from a person walking through the floor selling coins. I thought it just absolutely stellar. It's really happy. That's a flashy coin, man.
Tony Gryckiewicz:That's a flashy.
Kenny Duncan Jr.:Big fan of that coin.
Tony Gryckiewicz:Yeah. Thank you. Thank you.
Kenny Duncan Jr.:I like the original spots on it too.
Tony Gryckiewicz:Yeah. Yeah. So, you know, these coins were made of there's gold, but 10% of it's also copper. So that copper interacts with the environment and you create these kinds of these red spots. Now that could, you could say, all right, well, that's kind of not attractive.
Tony Gryckiewicz:So I'm going go and try to brighten this up and remove those red copper and so forth. But that then destroys that original surface of the coin, which for true collectors, people that are looking for the most original piece that has, you know, just like it came from the mint, they want that original skin or that original surface on the coin. So these, this, this, this redness is actually a sign of originality to, to, to the coin. So yeah, we talked about type coins and just beautiful type coins that yeah, that are seeming to do really, really well right now. Everyone seems to love this particular series, super common date, not a high grade, but I thought this coin was just fantastic for what it was.
Tony Gryckiewicz:Not an expensive coin guys here at all. So I know I show off a lot of really expensive kind of coins in this podcast.
Kenny Duncan Jr.:It's got a lot of meat, you know, for, for the gray. Yeah. It's just got a ton of meat, right?
Tony Gryckiewicz:Yeah. Yeah. Yeah. We're referring to how much, how much of the devices that you see here. So we have Miss Liberty and all of the, kind of the, the aspects of the device here of the Liberty design.
Tony Gryckiewicz:How much of the original design is still present? It has not been worn off. We sometimes call that, we say that the coin is kind of meaty or, you know, has a lot of its, a lot of its meat still, still there. It's kind of goofy. So this
Kenny Duncan Jr.:is a
Tony Gryckiewicz:72S, not a high grade, not at all. Part of this Richard August collection and this walked up to the table, I had an opportunity to buy this and my rule is if I see a 72 S, I buy it as long as it looks good.
Kenny Duncan Jr.:Is it for sale? Can we do a live negotiation for it right now?
Tony Gryckiewicz:I'm asking $1,700 for it.
Kenny Duncan Jr.:Hold on. I mean, we do it real Yeah,
Tony Gryckiewicz:we can totally do that. Absolutely.
Kenny Duncan Jr.:Let's do it.
Tony Gryckiewicz:All right. So Kenny bought my last 72S. I did not have it for very long because all these coins, so as he does his research here, I will tell a little bit about the 72S, seed of the dollar here. So there's only two years, believe, maybe it's three, maybe there's a 70S too. I don't think that is an obtainable coin, but anyways, the 59S and the 72S, both these are minted in San Francisco and they were primarily minted for export for, to assist kind of U.
Tony Gryckiewicz:Kind of trade relations over in Asia. And so they're very, very difficult to still find because these coins would have to make their way back somehow into The United States, into circulation here and then be saved and preserved and so forth. So yeah, this is a coin that I personally had to pay up for this coin. You know, I don't really know what the right proper prices Go ahead. Go ahead.
Tony Gryckiewicz:Just tell me what you think.
Kenny Duncan Jr.:No, listen, I, look, I think, I think anything's worth $1,500, honestly. Right? I think anything straight grade BG BG plus or better has got be worth $1,500.
Tony Gryckiewicz:Okay.
Kenny Duncan Jr.:So I I don't I mean, that's someone there's there's an auction record, obviously. Right? So Yeah. That's to me probably a moonlight buy, You know, people just probably not really keying in on it and probably looked right over it. That happens all the time.
Kenny Duncan Jr.:So, I mean, it's something like I think is worth $1,500, you know, at any given time. But I will buy it at 1,700 just because I like it. It's really good coin.
Tony Gryckiewicz:That's too surprised.
Kenny Duncan Jr.:Well, and it's like a 93 s. I overpay for 93 s's all the time and I still make money. Keep telling my guys, you should never lose money on a 93 s dollar. Right? Just should never
Tony Gryckiewicz:Well, have it Appreciate there the deal. Sweet. Yeah.
Kenny Duncan Jr.:Yeah. What's next?
Tony Gryckiewicz:Live negotiation. I just sold a coin on my podcast. That's awesome. So thank you. All right, cool.
Tony Gryckiewicz:So the next is also pretty awesome. This is my favorite thing that walked up to my table. I had an opportunity to buy this. It's an NGC holder, but this is a $17.95 dollars bus dollar AU50. The reverse is a small Eagle and I absolutely love this coin.
Tony Gryckiewicz:Now to be completely honest about this coin, this did not cross into PCGS holder. And I'm shocked at why, aside from maybe they just did not like this additional kind of circulation here on some of these high points. What do you think?
Kenny Duncan Jr.:You know, so believe it or not, that's my old coin.
Tony Gryckiewicz:Oh, really?
Kenny Duncan Jr.:Yeah. Okay. You know, that coin, I don't get it, you know, and this just kinda goes back to look, there's nothing wrong with NGC coins. NGC's been around a long time grading coins, right? They I mean, some people I hear some of the younger guys that come into the hobby and they're like, Oh yeah, why don't buy anything NGC?
Kenny Duncan Jr.:I'm like, Why not? I make a lot of money on NGC coins. Yeah. That's a that's a really nice coin. That's a it's a fresh coin.
Kenny Duncan Jr.:I mean, it's the coin was, I believe, really new to the market. I can't answer it. I don't care about all the little stuff. I still think it's an AU. I mean, maybe there's a lack of luster a little bit.
Kenny Duncan Jr.:Maybe that could be the argument. But, I mean, the coin's got again, going back to saying it's got a ton of original it's got a ton of its original strike left there. The hair looks great. There's some luster in those locks. So I don't know.
Kenny Duncan Jr.:I mean, I hope you, I'm sure you bought it at a great price and
Tony Gryckiewicz:Yeah. Yeah. Yeah. This is a coin that I believe they made on a screw press. People, so these are often struck fairly weak, I believe.
Tony Gryckiewicz:And this is one that, you know, has actually been struck up fairly well. It's a gorgeous coin. I had no idea that you guys previously owned this, but you guys buy fantastic coins, amazing coins. So that doesn't surprise me at all.
Kenny Duncan Jr.:The $17.95 market is heating up too. Right? It's been that way for a few shows. $17.95 market's definitely heating up. So I just thought it was a great example.
Kenny Duncan Jr.:We sold that coin a while back and when threw it on the screen, was like, Oh, I've seen this before. Yeah. That's cool because that's what coins are supposed to do. They're supposed to travel and that's what I love about the business. I'd buy it back too.
Kenny Duncan Jr.:Shoot me a price on it.
Tony Gryckiewicz:Well, yeah, the number I'm just kidding, man. Okay. Okay. Okay. Yeah.
Tony Gryckiewicz:This is one of these that like when I, you know, I would love to try to kind of retail this on my website and bring it to shows and so forth. I'm going to have it at the Rosemont show coming up next month. So, we can chat more in person, guess. Yeah. You know, at the event.
Tony Gryckiewicz:So we'll put you on the spot and be like, want $15,000 Kenny. Can you do it? All good. All So just a couple of speaking of being on the road, these are just These are a couple of the last two ones I have are are things I picked up on that road trip back. I ended up going up to St.
Tony Gryckiewicz:Louis, went over to Ohio, stopped into a coin shop and they were just really surprising to me as being This is a super common coin, $18.27. This is less than a thousand dollars folks. And it's just, I really love the look of this coin. The reason I love it is because I picked this up on a road trip, kind of swinging through a coin shop on way back, just overall nice color around the stars here.
Kenny Duncan Jr.:The luster is amazing on that coin.
Tony Gryckiewicz:Yeah.
Kenny Duncan Jr.:Geez Louise, look at that. So pretty. That's a great coin.
Tony Gryckiewicz:Yeah. Yeah. Thank you. And then the last one, this is another one I picked up at the same coin And I bought this basically a right around bid for the, this, this 1,900 over Carson City kind of over, over stamp here. And I just thought this had really interesting, great color for especially a coin that I was able to pick up at such a great price.
Kenny Duncan Jr.:So I don't know about the 18, you know, the you showed an 1800 I mean, the 1880p before. I've seen a few of those tone. I have not seen very many over CCs tone like this. So this one definitely worth a nice premium.
Tony Gryckiewicz:Nice. Okay.
Kenny Duncan Jr.:I like it. Has this coin been the CAC?
Tony Gryckiewicz:It has not, no.
Kenny Duncan Jr.:Yeah. I mean, it's worth a shot. I mean, it's a stud. I'm a fan.
Tony Gryckiewicz:Well, same shop had two of them. So they're the other one wasn't as nicely toned as this one. It was pleasant, but it wasn't a nicely toned also in MS64. So I might need this
Kenny Duncan Jr.:Did they look like they were together?
Tony Gryckiewicz:Oh, I didn't check out, like, the the serial numbers. I didn't check it out. I don't I can't remember.
Kenny Duncan Jr.:You always gotta you always gotta do that to see if they graded them consecutively. Right? And then to see if they were a part of a role or a part of a deal, because I mean, that's, that stuff does matter in the grand scheme of things, but yeah, in that situation you buy them both.
Tony Gryckiewicz:Okay. Okay.
Kenny Duncan Jr.:You can cut it down if you want, but I'm just telling you that's for me, I mean, that you never see O over CCs with not that look pretty like that. I mean, I won't, I'm not saying never, literally, I mean never. Yeah. I don't, I think if you search right now for O over CCs that are toned, I don't think you find many on websites.
Tony Gryckiewicz:That's good to know. Hopefully that coin shop's not watching this podcast because I'm going swing back.
Kenny Duncan Jr.:Well, you can edit it.
Tony Gryckiewicz:No, this is, that's fair. That's, this is all good banter. This is all fantastic stuff for the, for the podcast. And, no, I, I, who knows? I have no idea if they are.
Kenny Duncan Jr.:That's a great coin, Tony. I really liked that coin a lot. Yeah. That's a nice coin.
Tony Gryckiewicz:Appreciate it. Appreciate it. All right. So I'm going to stop the share and just You have like two or three more minutes or do you need Sure. To get
Kenny Duncan Jr.:I'll get it. Okay. Yeah. I got four minutes.
Tony Gryckiewicz:Okay. So with the rise of online sales and live streams, how do in person shows like the ANA remain relevant and valuable? I think it's great question.
Kenny Duncan Jr.:Well, good. Yeah. That's another good question. I mean, I think hopefully what they're doing with the live streams and the online selling like that is bringing more awareness to the hobby, to more people in masses, right? So hopefully someone, you know, starts buying, you know, maybe a pretty dollar or buying a pretty tight coin and saying, Wow, I need to, need to get more access to these coins.
Kenny Duncan Jr.:Let me go to a show. I live in Chicago. Let me go to Rosemont on a Saturday. But I think, you know, too, yeah, I think it brings more people, but man, more people have to stay at the shows on Saturday, right? I mean, myself included, you know, I'm that guy that comes in early and wants to leave early and I've got to be better at being there and being able to help these customers that are coming in because I do believe it's bringing in a whole new class of customer.
Kenny Duncan Jr.:Yeah. It's just, are they gonna be willing to go to a website and buy something, you know, without without knowing you or without meeting you or shaking your hand or something like that? Yeah. Right? I mean, you know, we buy on Amazon, we buy on certain places blindly, but will people buy coins blindly?
Kenny Duncan Jr.:That'll be the test, right?
Tony Gryckiewicz:Yeah.
Kenny Duncan Jr.:So we've seen eBay we've seen our eBay sales rise dramatically in the last six to eight months. I think a lot of that has to do with just overall awareness. And I hope it translates into more people in the shows. I really do. But I honestly, know, some give me some credit here.
Kenny Duncan Jr.:I think what you're doing on with your with your content, and I told you this before, I like it. You know, I think it's great, and I think that hopefully more people are taking notes and just step out there and do it. Know, it doesn't doesn't matter. Like, just go out there and do something and and I think that that also too in tandem brings more people and more people to the hobby and and people need information and education. If there's no one out there doing it, then how do you expect anybody to feel comfortable or confident in buying from you or from anyone for that matter?
Kenny Duncan Jr.:Yes. So kudos to you on this because I do like it a lot.
Tony Gryckiewicz:Appreciate that. Yeah. Thank you so much for that. It means a lot. It means a ton hearing that and coming from you guys, you guys are super successful and business for so long and you guys have your podcasts and all that.
Tony Gryckiewicz:And so where, where can people find you? So where can people find out about US coins? Where can people find out about your podcast? Just give a little blurb here, you know, promotional for your, for your, your business.
Kenny Duncan Jr.:Sure. I appreciate it. Uscoinsandjewelry.com is the website where most of our coins are posted. We're on eBay at us coins and jewelry one. Instagram, we're USCoinsandJewelry and thecoinshoppodcast.
Kenny Duncan Jr.:And if you're on YouTube and want to look at some of the old podcasts that we did, we've done some great podcasts. Honestly, we haven't done as many in the future just I mean, here recently just because it's just trying to find the right time, that's no good excuse. I don't expect anyone to feel bad. But yeah, we're getting back on it and we definitely appreciate the support in the past.
Tony Gryckiewicz:Yeah. All right, Kenny, thank so you much for doing this. This has been awesome. I think everyone's going find this episode very educational and informative and get them psyched up for the next Bitcoin show. So I think you got to run.
Tony Gryckiewicz:Thank you so much. And hopefully we'll see you at whatever the next big one is.
Kenny Duncan Jr.:Yeah. I'll at Rosemont. So I'll see
Tony Gryckiewicz:Oh, you'll be at Rosemont. Okay.
Kenny Duncan Jr.:Yeah. I'll be out there for a few days. Cool. Awesome. Tony, thanks again for having me, man.
Kenny Duncan Jr.:I appreciate it.
Tony Gryckiewicz:Yeah. Thank you so much. Alright. Have a good one. Bye.
