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Where Do People Buy Their Coins?

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Valued Member
United States
374 Posts
 Posted 09/11/2013  2:37 pm  Show Profile   Bookmark this reply Add Bababooey to your friends list
Thanks, for the tips. Can any one recommend auction web site or dealer sites other than ebay?
Valued Member
United States
258 Posts
 Posted 09/11/2013  2:53 pm  Show Profile   Bookmark this reply Add miket to your friends list
Alaska Coin Exchange seems quite fair. IMO
http://alaskacoinexchange.com/
Pillar of the Community
United States
1053 Posts
 Posted 09/11/2013  8:06 pm  Show Profile   Bookmark this reply Add CoinDan98 to your friends list
I like to examine my coins in hand at a shop....
Pillar of the Community
United States
3210 Posts
 Posted 09/11/2013  8:26 pm  Show Profile   Bookmark this reply Add Imthealphaomega to your friends list
I buy sometimes from ebay from a coin store in texas who I have had no issues with and gotten good deals. I also buy/trade with a good friend of mine since he too has a decent collection, and we give each other fair deals. I also buy from a jeweler friend who has a big collection he bought years ago (He sold me two excellent Morgan dollars, 3 Barber dimes, and 5 Buffalo nickels for 60 bucks!) Another spot is a local precious metals dealer I have gotten to know the general manager and I sometimes call tuesdays and thursdays when they are breaking down their purchases; every once in a while they have a ton of silver coins that I cherrypick for what I need for silver price.....Hell I managed to get a good condition rare 1897-O Barber half dollar for 6 bucks,,,pcgs values it near $170!!
Valued Member
United States
206 Posts
 Posted 09/11/2013  10:46 pm  Show Profile   Bookmark this reply Add chetzler to your friends list
I prefer my local coin shops. I have one here that I really trust. The selection isn't always great, but he has some ideas of the things I am looking for, and can also keep an eye out. An added bonus is that if he isn't busy I can pick his brain a little and get some extra education. Also, as a regular customer, I'll occasionally get a discount without even asking. I just don't think you can beat doing repeat business with a seller that you have come to trust.
Valued Member
United States
258 Posts
 Posted 09/11/2013  11:03 pm  Show Profile   Bookmark this reply Add miket to your friends list
Well just my 2c. San Fernando valley not many dealers. There is one on Ventura Blvd that offered me $30. for a 1880 Morgan unc. and the price in the display case was $60.00 ( it been a while back)IMO these and other dealers in my area are not looking to keep a good customer base.
Pillar of the Community
United Kingdom
1682 Posts
 Posted 09/12/2013  05:30 am  Show Profile   Bookmark this reply Add kena to your friends list
I purchase coins from other CCF members as well as trade with them.

There are also the CCF auctions.

When you have enough posts and "time served" to fully take part in Buy/Sell/Trade section of the forum, then take part in that.

Ken
Valued Member
United States
179 Posts
 Posted 09/12/2013  08:08 am  Show Profile   Bookmark this reply Add ambro51 to your friends list
Usually Stacks Bowers auctions. But... I only collect Vermont Coppers. Surprising how many auction house coins turn up on ebay marked way up. If you buy through major auctions you're shopping where the dealers buy.
Pillar of the Community
United Kingdom
856 Posts
 Posted 09/12/2013  09:31 am  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list

Quote:
Usually Stacks Bowers auctions. But... I only collect Vermont Coppers. Surprising how many auction house coins turn up on ebay marked way up. If you buy through major auctions you're shopping where the dealers buy.


Exactly. Dealers need to factor in their profit margin whereas as a collector I can consider bidding higher, but still less overall than were I to buy something from a shop.

Of course, if there are two collectors who want something then prices can go crazy. That's one of the reasons I like auctions outside the UK. Less chance one of my fellow enthusiasts will see something we both want!

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United States
189053 Posts
 Posted 09/12/2013  10:50 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Coin show:
I choose coins shows, for the win.


Quote:
Pros: examine coin in person. Many dealers. Negotiate in real time.
Agreed.


Quote:
Cons: Limited number per year. Must go in person. Can be time consuming to find what you are looking for.
Yes. I do not see a problem. Maybe...

The limit is bad. We used to have four a year, then three, now only two.

Going in person is required for the pros to be true (at least the first one, and probably the third).

The local shows have the same usual dealers and I have gotten to know who usually has what. Over the years I have found a good rhythm and spend half the time I used to spend.
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United States
4593 Posts
 Posted 09/12/2013  11:02 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list
Unfortunately coin stores are a dying breed...

The small city I work in had 4 - one closed, one is now a gold buying place, one was never a storefront (rarity buying agent - so strictly mail order) and the last one is open 2 or 2.5 days per week. This in a county of 235K pop. The large city up the highway (200K itself, 800K in the county) has one real storefront in the outskirts of the mall, one 'collectables' store with a few coin albums and some supplies for sale and maybe 1 or 2 other marginal operations.

Where I live it's the same thing - a few high end 'galleries' in the big city and mostly bullion buyers scattered seemingly at random in the burbs.
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
Pillar of the Community
United States
1003 Posts
 Posted 09/12/2013  7:35 pm  Show Profile   Bookmark this reply Add ksammut to your friends list
I buy my junk silver from Charlie's Booth's Corner stand.

Kenny
Pillar of the Community
United States
1448 Posts
 Posted 09/14/2013  6:31 pm  Show Profile   Bookmark this reply Add Steelers72 to your friends list
I don't like to shop for coins at shows etc. I find that ebay and the internet are great just because you can search for the dates you need and for the price range you want. Only downside is you have to do additional research and make sure you get clear scans.
Bedrock of the Community
United Kingdom
17964 Posts
 Posted 09/14/2013  7:01 pm  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list
I prefer coin shops as you can see the merchandise before buying it, but sadly my nearest proper coin shops these days are in London, 75 miles away. There are a few antiques centres near where I live, where there are lots of little shops inside, which generally open at weekends only - these can be pretty good places to get coins. I've never bought any coins on ebay. I have bought several coins from dealers advertising on the internet and never had a problem. I've also bought a few coins at auctions and swapped some with other collectors. I sometimes buy new UK issues direct from The Royal Mint but I shop around nowadays as they are often cheaper elsewhere.
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23522 Posts
 Posted 09/14/2013  11:56 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
When checking out ebay sellers, look to see if they have an online store outside ebay. You'll find many who charge less for the same coin in their online store than at ebay. There are hundreds of dealers with online presences; it's almost easier to find one and ask opinion here than to get an inclusive list.
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