Bob Reis POB 26303 Raleigh NC 27611 USA
phone: (919) 787-0881 (8:30AM-10:30PM EST only please)
how to order
6/2/08 - because of the unusual situations with
the bullion markets and the USA dollar exchange rate everything
(11/16/2008) you should consider ALL of my posted prices to be provisional.
There may be changes in any category. This notice will be posted
on a few other pages but not all. But this is your official notice.
(Renewed 1/4/2010 - this is what low level chaos feels like.)
(6/8/2010 chaos continues to build. Think before you act. Think
before you think. Observe before that. Remember to breathe.)
so here we are living history. How long has this crisis been going
on? 3 years? 11? 40? 65?
This aviso renewed again 4/10/2011. It hasn't been this eventful since the 60s. And again 10/6/2011. 5 years of financial crisis.
And again 2/26/2012. And of course 8/3/2012. May 26 2013: gold & silver were up, now they're down, there are still prices in my coins inventories that are too low, but probably also some that are too high. I update this notice occasionally, and do so again 7/4/2014. Over time the situation remains volatile. At the moment raw numbers are down.
I do private auctions. Ask me how you can participate.
February 2015 pricelist
17,000 other things for sale
New (if the background of this page is a different color than last time you looked there is new stuff) - update 9/26/2014
note on viewing pictures
What's It Worth? - numismatic estate handling for live collectors & executors
Attribution, authentication, grading, and appraisal services
Links - friends, colleagues
E. OPINIONS & NEWS
1. SHIPPING COSTS & CONDITIONS UPDATE: Continuing a condition of slightly increased losses of first class mail. There were no lost priority mail or express mail losses last year. There were 2 losses of international registered first class mail, there were no losses of international express. It seems that they give enhanced treatment for higher priced services. Over several decades the trend has been to reduce the subsidy for lower priced delivery services. This has mirrored the global economic trends. If you have money the costs are ignorable. $1000 value transaction I'll send it express, spend$35-$100, I'll pay the shipping costs, general red carpet treatment. $10 transaction weighing 4 ounces shipping in USA will cost $2.50 minimum, outside USA will cost $6.55. We are, I guess, supposed to decide it isn't worth doing & go back & watch TV or something, or else we have to pay. I mean you have to pay. What to do about this? Write your congressperson then wait. Pardon please my cynicism. But also, it is not the fault of the postal service. True, they were offered email before it went public & they turned it down, but Congress turned a dirty trick on them when they required them to fund their pension costs 75 years ahead, like no other business in the world. As a result of that they are always running a deficit & are having to cut service.
2. I PRICED a 9 pound package to India. Fedex wanted $1000. UPS wanted $600. Postal service wanted $170. Delivery ~5 days, Guaranteed.
3. I'M NOT a conspiracy nut. I read a book recently: Drug War, by Dan Russell. Apparently out of print but also perhaps updated & retitled. He draws a line from the suppression of paganism through the Inquisition, slave trade, British conquest of India, opium wars, American Indian wars, World Wars I & II, Guatemala, Kennedy assassination, Vietnam, Iran-Contra, etc. - all have drug smuggling & drug suppression as 2 sides of the same coin played by the same people. Seems fantastic, except I've lived through some of it & I know it's true. Someone once showed me a gold bar made by opium kingpin Kung Sa in Burma. Guy had an illegal (back then) night scope, courtesy the navy. I know that LSD came out of the CIA. We all know that heroin used to come from Vietnam, now Europe gets its supply from Afghanistan, we get ours from Mexico. Russell names CIA related Lebanese setting up the Mexico heroin business. Interesting book.
SOME CHANGING MARKET & BUSINESS CONDITIONS OF NOTE:
1. SHIPPING COSTS & CONDITIONS: USPS is still cheapest but there are increasing problems. Service is deteriorating (political reasons mostly, far as I can tell, maybe discuss that later) & prices are high. To save bits of money I have begun using a private mailing service to buy discounted postage but still ship through USPS. There have been losses in transit but not more than with USPS all by itself. However, there is an overall slight increase in losses. If your package is insured you will get your money back but if not, not. Generally, for domestic shipments, your best bet (priority) now costs $6.00 minimum: quick, tracked, insured. Less than that seems to be getting increasingly iffy. For international the situation is worse. The best service (quick and with tracking) now costs a minimum of $60.00. Registered first class is trackable but transit time is uncertain, indemnity if lost is limited, there have been losses. Without registration takes an undefined amount ot time, is not trackable, no indemnity if lost, Most shipments get through but not all of them.
2. OVERALL ECONOMY HAS IMPACTED COIN BUSINESS AS FOLLOWS: healthy growth at the top, recession at lower levels, which is where I live & work. There is less stuff available to buy, lower prices at both buy & sell, fewer customers trending older. Low bullion prices don't help of course. My benchmark for a bad year has been 1981. It is not 1981 quite, but the subject comes up. Your collection assembled 20+ years ago is worth a lot more than you paid for it but probably less than it was worth 2 years ago. Now, there is a cyclic thing I've seen in my life, so some kind of recovery is expected. However, in my life every rebound has involved bigger numbers of dollar & people but a smaller percentage of people, so I am not in a position to advise you when & how much things will get better for, you know, "us."
3. THAT SAID, I plan to stay in the business next year, need to buy stuff so I can sell it, have money to do that. Looking for "good stuff," ordinary stuff, bulk low end material, interesting things. Help me out?
4. THIS MAY OR MAY NOT be my last offering for this year. Wishing y'all happy, merry, warm, calm & prosperous next year.
1. I SEE I WROTE ABOUT the nasty stuff happening in northern Iraq back in July. There are a couple of aspects to this complicated situation: 1) Iran is the tip of the spear in the short run & we have to help them do what needs to be done. I am not worried about Iranian nukes because they want them to counter the Sunni nukes (Pakistan, possibly Saudi), threats to Israel are mere diversionary propaganda. But Iran cannot win this Islamic 30 years war (population dynamics), it can only draw. It could lose though, & losing would likely look like ISIS with 100 million people rather than few hundred thousand. So we must, strategically, support Iran. 2) Which means supporting Assad in Syria. We supported Stalin in WWII. We can support Assad. Greater good & all that. We can always go back to hating him again when it gets to be 1946 again. 3) We USAers can't do it on the ground. With all due respect to those what crave it, we, I'm sorry to say, don't know how. Proxies, back channel deals with various flavors of devils. That's not the only way, but I am not at the moment thinking of other ways that would yield any kind of non-worse result. Hard to think of any result less worse than the piles of bodies scenario we have going on there now. "At least" they're not making mountains of the heads they're cutting, a not uncommon spectacle in the past. Yet.
2. THIS IS the third year of no monarch butterflies. Shortage of pollinators have decreased the local zucchini crop, but a fig tree around the corner is heavy with fruit. There was an outstanding mushroom bloom this August from the rains & not-too-hot temperature. A small emergence of big fat annual cicadas, dogs & cats find them tasty and fun.
3. BUSINESS has slowed on both the buying & selling sides. I am finding less interesting stuff to sell at prices worth buying while ordinary stuff is sluggish & also not abundant. I will need a few hundred pounds of poundage soon. I really want to buy whole collections, anyone?
More opinions - 100s of thousands of words!