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Dauntless Buyers at CICF
By Debbie Bradley, Numismatic News
April 25, 2013

This article was originally printed in Numismatic News.
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Neither rain nor flooding could keep world coin collectors from the Chicago International Coin Fair held April 17-21 at the Crowne Plaza, Rosemont, Ill.

“Mother Nature tried her best but she could not keep people away from CICF,” said convention chairman Scott Tappa.

“We had record rainfall and flooding in Chicagoland on Wednesday and Thursday, which made for slower going for dealer setup and early bird registration. But once things cleared up we had a fantastic weekend, everyone was busy.”

Between 3 and 7 inches of rain fell on the area at the show’s opening, closing expressways, local roads and causing 500 flight cancellations at O’Hare International Airport.

People from 34 states and 17 countries attended the show, which featured about 100 dealers.

“I believe there were more foreigners at the show than I’ve seen in years,” said Don Fisher of Currency Unlimited, Decatur, Ill.

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“The crowd was buying. Our table was busy all the time.” Everything was hot, Fisher said.

“We sold a lot of crowns and a tremendous amount of minors,” Fisher said. “It was all upbeat, very nice.”

The recent drop in gold and silver prices had no impact on collector coins, he said.

“A person who’s going to buy a $500 gold coin, and gold goes down $100, it doesn’t matter,” Fisher said, “because he’s buying the coin, not the bullion.”

Krause Publications Market Analyst Tom Michael said the dealers he talked to were pleased with the business they conducted.

“With few exceptions, dealers who stayed through to Sunday had solid sales, with the biggest burst of activity coming on Friday as roads cleared, O’Hare opened up and all the folks we love to see in that great coin town of Chicago arrived ready to buy and sell,” Michael said.

Eastern and Central European coinage garnered good interest, particularly for early modern and medieval types, Michael said. Indian and Chinese coins from the 19th century and earlier continued to be highly sought in high grades and for scarcer types.

“A fresh collection of general world coins brought the Steve Album Rare Coins crew much attention and kept their table busy throughout the show,” Michael said.

The Heritage World Coin Galleries auction offered a large collection of Brazilian coinage, with many interesting highlights including an extremely rare gold 3200 Reis 1727 M ex-jewelry piece that realized $55,812.50.

The Pittman-Krause Canadian George V 1936 dot cent owned by Krause Publications founder Chet Krause sold for $246,750.

“The highest grade, cleanest strike example I have ever seen of the scarce 1813 Caracas Venezuela C#2 copper one-quarter Real realized a fantastic closing price of $25,850,” Michael said.

“Makes me wonder what an 1804 example might bring in an NGC AU53 holder.”

The next CICF will be held April 10-13, 2014, at the Crowne Plaza in Rosemont, Ill.

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