NYINC Yields Mixed Reactions|
January 14, 2010
The auctioneers and coin dealers loved it, but the visiting public wasn’t so sure as the 38th annual New York International Numismatic Convention was held between Jan. 3 and Jan. 10 at the Waldorf Astoria Hotel in New York City.
With the weak U.S. dollar on the world market impacting the value of coins in U.S. dollars, local collectors were at a disadvantage as the price of coins appeared to be higher than in the past, according to several collectors attending the bourse. On the other hand, Warren Tucker of Heritage Auctions in Dallas reported the auction house had its best results ever for a world coin auction at this NYINC.
Many collectors were able to find what they wanted, but others said much of what was available had been on the market for some time. Coins of Eastern European countries continued the trend of being purchased by Europeans due to favorable exchange rates. Coins of Germany were likewise considered to be “hot,” with many being destined for European rather than for American collections.
Auction houses at the show were Heritage, Numismatics Bernardi SRL, Numismatik Lanz, Classical Numismatic Group, Baldwin’s, Demitry Markov, Freeman and Sear, M & M Numismatics, George Fredrick Kolbe, Gemini Auctions, and Ponterio and Associates (a division of Bowers and Merena).
Coin dealers with bourse tables at the show were from Austria, Canada, Denmark, France, Germany, Great Britain, Hong Kong, Hungary, India, Italy, Netherlands, Spain, Sweden, Switzerland and the United States.
Wayne Sayles gave the yearly update on the status of the importation of ancient coins due to pending cultural patrimony agreements with other countries at the Jan. 9 Ancient Coin Collectors Guild meeting.
The Association of Dedicated Byzantine Collectors’ Jan. 9 meeting featured Tom Klunzinger speaking about the 17 women who appear on coins of the Byzantine Empire in his talk titled “Let’s Hear It for the Girls,” while Dr. Benjamin Weiss spoke on the “Medalic History of Religious and Racial Intolerance” at the Medal Collectors of America meeting.
Dr. Ursula “Ushi” Kampmann presented a talk on “The Letters of Hans von Schellenberg: A Source for the Practical Aspects of Collecting Coins Around 1600” at the meeting of the Classical and Medieval Numismatic Society the same day, followed by Stephen K. Scher speaking on “The Evolution of the Portrait Medal in 16th Century France” at the meeting of Societe Americaine Pour L’Etude De La Numismatique Francaise.
Also meeting on Jan. 9 was the Society for Ancient Numismatics, at which David Vagi spoke on “Constantinople Commemorated” on ancient Roman coins; an NYINC board program at which Kerry Wetterstrom spoke on “Heavy Metal: Collecting Swedish Plate Money;” and there was a meeting of the Oriental Numismatic Society at which Dr. Stefan Heidemann presented “Formulating an Islamic Iconography: the Representation of the Early Islamic Empire and Its Elite Religion on Coinage in Its First Hundred Years.”
NYINC bourse chairman Kevin Foley was elevated to the rank of nobility by King Alanus of Bermania (also known as coin dealer Allen Berman) at the social meeting of the Bermanian Guild of Numismatists following the close of the bourse floor Saturday evening.
The next NYINC will be held Jan. 1-9, 2011, at the same venue.
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