For the past five years straight February has been deader than dead for us. We always do a gazillion dollars in January (like we just did again), then things slow so bad we end up taking a loss for Feb. Not so this month! The train never applied its brakes and we are going full speed into a monster all time record month of Feburary.
Our big guys have not even chimed in. We can't find much for them. Its been record sales off the web (like today we posted a 25C 1903 PCGS PR67 DC CAC which was sold within minutes of its posting-and we won't be done posting until tomorrow night). This past week our web site sales were plain madness (here are just a few): 1C 1848 PCGS MD65RD, 20C 1877 PCGS PR66, $1 1802/1 PCGS AU58, and our biggest web based sale: the $2.5 1826/5 PCGS AU58. Of course we did MANY other sales off the web. Then there were our private sales not off the site (due to confidentiality we can't mention them). In all, we sold well OVER $400,000.00 from the web and close to $1 million total. Thats a monster week for February!
We're not sure whats going on. We know collectors want nice coins-and we have been lucky and have had a few. But that does not always drive sales. We have seen more people starting to build sets again. We have had TWO calls to build Morgan Dollar sets. One person told us he did well in the stock market and decided to "treat himself" to a special coin for his collection. The good thing we have seen ZERO speculators. We're still way down in the collecting phase of the market-so prices are pretty much pure. All our action is from pure collectors.
We are still shocked the strong positive "buzz" and response the auction has generated. Not just hundreds of collectors have checked it out and bid-SEVERAL THOUSAND have (we may be new and small, but we have two world class firms behind us-Legend Numismatics and Morphys with over 150,000 combined customers)! Plus, PCGS has informed us, they sold out their hotel block in LV and expect a big crowd.
It's catching on ... Asia is going to be good for CLCT. The US dollar is getting close to losing it's status as a trading currency. The Chinese yuan will take over. China has been working on it for years, and they're getting close to the day it will happen now. The latest: China’s central bank is now clearing yuan-denominated trades in Singapore which is on it's way to becoming the next Switzerland. US coin/gold collectibles will soar in value. CLCT is a great hedge, as long as it doesn't get taken out cheap like DELL or in a finance deal like HNZ.