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Memphis IPMS Judged a Success
By Robert R. Van Ryzin, Bank Note Reporter
June 25, 2013

This article was originally printed in Bank Note Reporter.
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Memphis was hot and so was the paper money show held there. Dealers interviewed by Bank Note Reporter were generally pleased with the level of business at the 37th Annual International Paper Money Show, June 13-16 at the Cook Convention Center.

“There’s a greater assortment of extremely rare and ultra-high-grade bank notes at this Memphis than any other show that I can recall going back to 1984,” said Fred Bart of Executive Currency, Roseville, Mich. “The attendees this year seem to be more serious about purchasing notes for their collection than in past two or three years.”

This sentiment was echoed by Angela Henley of Unlimited Currency, Greensville, Ind., who found that collectors were focused. Noting that those in attendance were on “a mission to buy,” she added, “This is a collector’s show. They come with their list and they know what they want. Other shows, people just browse and pick something out, but here they look for a certain note. We’ve actually had a couple certain notes for a couple of certain people, and it has been nice.”

“I’ve actually had a great show,” said Larry Hirsch of A World Currency, La Verne, Calif., of his Memphis experience. “I’m kind of surprised. I think the attendance was really down. If you have the stuff the person is actually looking for, you can do pretty good, but I’d like to see better attendance.”

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“After this being my 17th or 18th show, I happy to report the consistency and quality of visitor and the steadiness of the shows on a daily basis were very positive,” said John Markis of Trusted Traditions, Lauderdale by the Sea, Fla. “After years of quietness and economic national instability, the market seems to have regained its footing. And that light seems to very bright for us in paper money, especially in the short term.”

“It’s been a very good show,” said Steve Perakis of Lima, Pa. “Memphis is always good for us. The traffic has been strong for us. We’ve been selling more checks than anything else. Second would be the large-size U.S. type, and world money has been strong. We have been buying a ton of it.”

Overall the market remains robust, he said. “It’s still just as strong as when we were at CPMX, all the way through. It hasn’t dropped off since last November.”

“We’ve had a lot of fun,” said Pierre Fricke, Sudbury, Mass., an author and dealer in Confederate currency. “These shows are good. There’s been a pretty decent crowd through here, and we’ve done a lot of buying and a lot of selling. It really is a great social and collecting event.”

Fricke is the incoming president of the Society of Paper Money Collectors, taking the gavel from Mark Anderson, who ended his four-year term at the helm during the show. Anderson and others manned a table for SPMC. Claude Murphy said of their activity, “We had quite a bit of interest and signed up several members.”

The next IPMS, run by Lyn Knight’s LFK Tradeshows, is slated for June 3-4, 2014 in Memphis.

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