Several guests came to the show to learn more about their coins and the associated value. Some found and collected old coins out of pocket change over many years. Others inherited coins from relatives. Wisely, they wanted to learn more about their collections before making any decisions about what to do with the coins. The coin show welcomes people who want to learn more about coins.
On a different note, many of you know that Georgia exempts coins and bullion from sales tax today. But, with the economic stresses to Georgia's coffers, the state legislature is reviewing tax exemptions to determine where the state could gain additional revenue.
As a result, several of the state's major coin dealers have hired a lobbyist to help educate the legislators about the coin and bullion market and the adverse impact of taxes to the numismatic hobby and investment interests. Using his background as a lawyer, as a long time coin collector and as an existing lobbyist, the gentleman will apply his knowledge of the numismatic issues and the day-to-day legislative processes to the legislators' challenge of the coin and bullion tax exempt status.
With the convenience of several of the coin dealers in one place, he visited the show on Sunday for a mid-afternoon meeting with the dealers. He explained what he does as a lobbyist and what he will do to advance the concerns of the numismatic and investment community regarding the tax exemption. On an ongoing basis, we will share more information on the blog from time to time.
In the meantime, the February show was a resounding success. Mark your calendars for the next show on Sunday, March 13, 2011.
Some of the bullion included silver war nickels along with common silver dollars, half dollars, quarters and dimes. But, in addition to the older silver coins, the bourse had dealers selling the new five ounce, .999 silver bullion America the Beautiful coins. These large bullion rounds, affectionately known as "hockey pucks," use the same obverse and reverse designs as the new America the Beautiful quarters. At Sunday's show, the America the Beautiful bullion coins being offered had been certified - some by NGC and some by PCGS.
Being the day before Valentine's Day, one of our coin dealers offered a wide variety of jewelry - beautiful rings, earrings and other jewelry. In addition to being a coin dealer, he makes and sells jewelry. He uses precious metals and both precious and semi-precious stones to make beautiful and unique pieces.
Spring is over a month away, yet people visiting February's coin enjoyed a beautiful spring-like day with sunshine, a clear, blue sky and temperatures into the 60s. This beautiful weather occurred just a few days after a wintry mix carpeted the area with a light covering of snow and sleet. Atlanta's weather can certainly be fickle!
As for the coin show, our dealers became very busy by mid-morning and stayed that way for much of the day. Dealers saw many of our faithful regulars returning to the show, but we also saw a lot of new faces visiting as well. All are welcome, and we appreciate your interest in numismatics whether buying, selling, trading or just browsing.
This was our second show at the new location. In January we received good comments about the new site, and at February's show, we continued to receive more positive comments about the new venue. People shared that they like both the location and the space. Thank you for those comments; we appreciate hearing them.
With gold and silver prices increasing, once again many visitors came to sell and to buy bullion. Two of our dealers focus primarily on bullion, and they stayed busy all day.
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Coin Show - Monthly Notes from February 2011