Well, like most anyone I'm glad to be moving on to 2021. I've never experienced any year like it in my 66 trips around the sun with the overall challenge being the worldwide Covid 19 virus. We have lost a couple of friends, or family members of good friends to the virus and its not over. So saddened by the losses and our thoughts and prayers to the families dealing with it are expressed time and time again.
As to how this has impacted the coin market?
All over the place!
We started out the year in a solid fashion on track at the prior year's pace. Winter FUN 2019 was a solid show, followed by a local Santa Rosa show that was very good for us, then Long Beach and the Spring ANA in Atlanta. That was it, by the end of February little did we know that would be our last show of 2020. As news started being reported about the
As we deal with disruptions to every day life in the Covid19 virus challenge we have seen volatility in all financial markets including the metals. Silver in particular has experienced wild swings and a decoupling between the paper futures market and the physical market. Essentially what has happened is the major wholesale suppliers had a run on product starting about 2 weeks ago and are pretty much out as of today. Our replacement cost spread to the spot price has increased dramatically. The following is an excellent, cognitive and accurate explanation from one of our respected wholesale partners, who focuses on gold mainly but is very knowledgeable on the metal markets. We wanted to share this, and will be blogging more on this topic.
COLORADO SPRINGS, CO | June 27-July 9
Summer Seminar is a once-a-year opportunity for numismatic learning and camaraderie that offers students a varied selection of week-long courses designed for discovery or continued study. For over 50 years, Summer Seminar has featured classes to suit virtually every collector's hobby needs. Most importantly, everyone attending Summer Seminar shares a common trait: a passion for numismatics.We can't wait for Summer Seminar 2020! The ANA is working diligently to coordinate with instructors, volunteers, staff and vendors to make sure next year's seminar is one to remember.
Glenn Holsonbake received the Lawrence J. Gentile Sr. Memorial Award for Outstanding Adult Advisor during the American Numismatic Association’s Summer Seminar Session 2 graduation banquet on July 1, 2015. This award is presented annually to an individual who has recruited and mentored Young Numismatists and aided in the development of intermediate to advanced young collectors.
Holsonbake has collected coins since age 9 when he biked back and forth to the bank as often as he could to search through rolls of cents, nickels and dimes. He is a mentor whose passion for numismatics is unwavering; he remains diligent in teaching and sharing his devotion with many young numismatists across the country. Currently Holsonbake is a grading and Barber series instructor for the ANA.