Can This 1944-S Mercury Dime Be Made Into Jewelry? A Crafter’s Guide
February 24, 2026Melt Value vs. Numismatic Value: Silver & Gold Content at the New Long Beach Expo Explained
February 24, 2026Where to Buy: Navigating the New Long Beach Expo Landscape
If you’re looking to add this to your collection, you need a strategy to get the best deal. The new Long Beach Expo under Stack’s Bowers has created a different buying environment that savvy collectors should understand before making purchases.
The show floor is now divided into distinct zones. Bullion dealers dominate the back areas, where you’ll find the highest volume of transactions driven by precious metals prices. These dealers are moving product quickly and often have less markup than traditional numismatic dealers. However, if you’re after quality collector coins, you’ll want to focus on the front of the bourse where “big boy coins” are displayed.
Based on observations from the February 2026 show, the most promising hunting grounds are actually the mixed cases at the back. Dealers who combine bullion and slabbed coins often overlook or undervalue certain pieces. As one collector discovered, a 1944-S Mercury dime in a Gen 4.X PCGS holder with a 109 serial number was hiding in plain sight among common widgets, ultimately purchased for an “extremely attractive price.”
Red Flags: What to Watch For at Modern Shows
The February 2026 Long Beach Expo revealed several concerning trends for serious collectors. First, there was a notable scarcity of CAC-stickered coins throughout the bourse. This wasn’t due to absence but rather limited availability. Only three gold CAC coins were spotted across the entire show floor, suggesting dealers are holding premium material rather than risking it at shows during uncertain market conditions.
Another red flag is the pricing structure. With $8 bottles of water, $14 hot dogs, and $16 pizza slices at concession stands, overhead costs are being passed along. This translates to higher prices on coins as dealers need to cover their expenses. Additionally, the show seemed to have one of the lowest turnouts for high-quality material in recent memory, possibly indicating dealers’ reluctance to bring their best pieces during volatile precious metals markets.
Be particularly cautious with older holders that might appear to be reholders. As one forum member correctly pointed out, the 1944-S Mercury dime with a 109 serial number was NOT a reholdered rattler. Rattlers had 7-digit certification numbers, while this piece had 8 digits. This distinction matters for both value and authentication purposes.
Negotiating Tips: Getting the Best Deal
Negotiation at the new Long Beach requires a different approach than in previous years. The moderately steady flow of floor traffic means dealers aren’t desperate to make sales, but they’re also not overwhelmed. This creates an opportunity for serious buyers who know how to engage.
First, timing matters. Day 2 of the show (Thursday) still yielded good finds, but arriving earlier might give you first access to newly unpacked inventory. However, don’t discount Day 2 entirely—some dealers become more flexible as the show progresses.
When negotiating, focus on dealers with mixed inventories rather than those specializing only in high-end material. These dealers often have more flexibility on pricing and may be more willing to deal on individual pieces rather than package deals. One collector successfully negotiated a modest counteroffer on the Mercury dime that resulted in an “extremely attractive price.”
Build relationships with dealers before the show. Many dealers post their inventory online or through social media before events. Knowing what you want and having preliminary discussions can give you an edge when you arrive at their table.
Raw vs Slabbed: Making the Right Choice
The Long Beach Expo presents an interesting case study in the raw versus slabbed debate. The show featured a plethora of slabbed material, from common widgets to exceptional pieces like the 1921-D Morgan dollar PCGS Regency Presentation Piece (9th minted) and the 1852 $50 Assay 887 PCGS AU58 CAC.
For modern material, slabbed coins offer authentication and grade assurance, which is particularly valuable in a show environment where you can’t always do thorough due diligence. The presence of CAC stickers on select pieces provides an additional layer of quality verification that can justify premium pricing.
However, the show also demonstrated the value of raw hunting. The 1944-S Mercury dime was purchased in a slab, but the collector’s trained eye spotted it among common items. This suggests that even in a slab-heavy environment, opportunities exist for those who know what to look for.
For bullion-focused collectors, the raw versus slabbed debate is largely irrelevant. The show confirmed that bullion items were “king for the general public,” with 90% silver selling at 55x face value and common silver dollars moving at $60 each. In this segment, premiums are minimal and authenticity is generally straightforward.
Market Analysis: What the Show Tells Us
The February 2026 Long Beach Expo provides valuable market intelligence for collectors. The strong bullion presence indicates that precious metals remain a primary driver of show attendance and sales volume. This creates opportunities for numismatic collectors who can identify undervalued coins among the bullion-focused dealers.
The scarcity of high-quality CAC material suggests a seller’s market for premium coins. Dealers appear to be holding exceptional pieces rather than risking them at shows during uncertain economic times. This could mean that online platforms or private transactions might offer better opportunities for acquiring top-tier material.
The mix of grading services present (PCGS, NGC, ANACS) with notably different booth traffic levels provides insight into collector preferences. PCGS had consistently long lines for grading services, while NGC and ANACS saw less activity. This could influence slabbing decisions for collectors looking to maximize liquidity.
Conclusion: Strategic Collecting at Long Beach
The new Long Beach Expo under Stack’s Bowers represents both challenges and opportunities for collectors. While the show may not be “better than ever,” it provides a solid platform for acquiring coins when approached strategically.
For the best results, focus on the mixed dealer cases at the back of the bourse, arrive with knowledge of specific pieces you’re seeking, and be prepared to negotiate respectfully but firmly. The show’s moderate traffic levels mean you can get face time with dealers without excessive competition.
Whether you’re after bullion, slabbed numismatics, or raw material, the key is understanding the current market dynamics. The February 2026 show demonstrated that while high-end material may be scarce, opportunities still exist for collectors with trained eyes and strategic approaches. The Long Beach Expo remains a vital part of the West Coast collecting scene, and with the right strategy, you can add valuable pieces to your collection without getting ripped off.
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