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Replies: 20 / Views: 3,866 |
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Valued Member
Canada
227 Posts |
North of 49... Where is this road show of which you speak? Might someone alert a TV program(s)such as Marketplace on CBC about these scam events? Try to get them to do an expose? 
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Valued Member
United States
67 Posts |
That's a great idea Barry. Maybe they would do a story and interview a local shop or collector too.
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Valued Member
Canada
183 Posts |
You are right on the $$$$$ NORTH of 49 Scams Fly By Night!
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New Member
Canada
2 Posts |
Hello and Help. I am one of those fortunate coin collectors that inheirted my collection. But before I went to the "roadshow" I thought I would try and do some homework. It lend me here to this forum. I am looking for a reputable dealer in the vancouver area. mostly canadian coins but some others as well. Not sure that I want to sell, but would like to at the very least find the insurance value of everything. Could you help me. ? Thank you.
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Pillar of the Community
Canada
1733 Posts |
Hello and welcome sunlightonthemountain. Is that mountain Burnaby Mountain? Can you pop over to my place on Sperling and make sure the tenants haven't started a grow op? Much thanks. That aside, there was a recent thread of reputable Lower Mainland dealers here; https://goccf.com/t/106971What you do is pick one and PAY them for an evaluation clearly stating that you aren't selling, merely insuring. Selling to the guy who does your appraisal is almost always a bad idea with few exceptions. There are discussions on that topic in the main coin forum right now.
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New Member
Canada
2 Posts |
Thank you , Ugly,
No not Burnaby mountian, good luck with those tenants though. Again many thanks.
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Valued Member
Canada
227 Posts |
I noticed this evening while watching the news the people who run these so-called 'road shows' are now advertising on Television. There is no end to their cheekiness. 
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Valued Member
423 Posts |
Well I hope this "Road Show" isn't taking anyone for a ride. I don't know how the "Road Shows" work or how unfair their dealings are so I won't comment. Quote: "As family collections of old silver coins disappear will the remaining coins become more valuable?" Depends. Are more people coming into the hobby than leaving? I know people who are selling off their parents old train collections for big bucks right now. The only buyers though are the older generation that are dying off in the first place. I am not into trains and don't know the market but it seems to be a dying hobby. Though if you were to cash in... now might be the time for that collectable. If there are enough new collectors will they have the disposable income to buy expensive coins? I have heard disposable income is dropping for younger generations - I don't know how true this is. Maybe it will be more affordable to collect NCLT's one day if your completist than circulation coins? Maybe the prices are already overvalued and it's a bubble? Maybe there is more goods and collectables other than coins than ever before and coins won't get noticed as much? Maybe credit cards (plastic) will dominate and kids will never touch coins and thus never get interested in the first place? Maybe kids will perceive coin collecting as something old people do and thus uncool? Maybe Canada will break up or join another country and no one will care about Canadian coins then? Maybe one old guy will own all the silver coins and have a monopoly on them? Ultimately no one needs to collect coins... it is a hobby... if it is fun and affordable... people will do it... if not most won't... then the prices will crash... then maybe more people will start collecting again because it became more affordable all of a sudden.
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Pillar of the Community
Canada
650 Posts |
It peeves me off to see these guys burn the unsuspecting.I have thought about this and the only reasonable idea I could come up with would be to have a good active coin club.If your local club placed a ready go ad beside there ad, they would go away.
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Valued Member
Canada
449 Posts |
I agree totally with the OP about these so-called "Roadshows" Hard to imagine anyone leaving one of these things after selling their coins and not feeling Iike they just got hosed. (Although granted, just being at one to sell coins kind of indicates a naive obliviousness I hate to say) I also think that there's really good aside questions being asked in this topic...Are people getting into coin collecting for the intracasies of building and maintaining a nice collection? Or, are they merely interested in the buy low/sell high mentality of the value of coins.
I am a metal detectorist. I love it. And have been since the day I pulled my first silver coin from 9" deep. Something about where that coin had been in it's life really struck me. After that I just kind of branched out into coin collecting. And coin roll hunting.
I have a fairly simple collection at the moment, but I'm working on it, one coin at a time.
Edited by secoinedchance 01/17/2012 10:57 pm
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Rest in Peace
United States
9104 Posts |
 , sunlightonthemountain! Quote: Not sure that I want to sell, but would like to at the very least find the insurance value of everything. Could you help me. ? Keep in mind this is how dealers make their living. A comprehensive listing for insurance or estate purposes can cost between $20-100 an hour. You can minimize the cost by having the coins sorted and in date order.
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Rest in Peace
United States
9104 Posts |
 , secoinedchance! It's easy to criticize these hotel buyers, but I call it jealousy as much as anything. If you think they're making so much, all you gotta do is go into competition with them. Seems to me you'd be foolish not to make those easy bucks.
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Valued Member
Canada
115 Posts |
Newspaper ad just showed up in Montreal. Read part of the testimonials - woman sold hundreds of silver coins dating back to 1800's for melt, and was happy. YIKES !
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Pillar of the Community
Canada
2301 Posts |
Jealousy for blatant theft? Taking advantage of the uninformed....is theft.....no more......no less!
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Valued Member
Canada
449 Posts |
If I found myself in a situation where I knew the value of whatever it was I was buying, but the person I was buying it from didn't, I would offer them fair market value for the item, on a one-on-one basis. There are situations where I wouldn't as well, such as seeing something on ebay for example. I would expect that people do their homework and know what the item's worth therefore, open bidding.
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