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 Replies: 24 / Views: 4,065 |
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New Member
United States
8 Posts |
quote:
They see the date and if it's old, well it must be worth something.
Sounds like there may be an opportunity with the clueless dealers: if they're posting a SWAG price on old coins, there's a good chance they're assigning way too low a price on more expensive coins as well as too high on the more mundane issues. |
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Valued Member
United Kingdom
188 Posts |
quote:
Originally posted by bzcollektor
I just saw some 1922 Gold Certificates (1 $10 and 2 $20) 2 in VG
and one $20 may have been Fine with asking prices of $800, $1200, and $1600. Incredible. Trouble is, some unknowing civilian may buy one or more of these.
It all comes down to the same point, read the book first. Who's fault is it really? The dealer/seller for hyping it, or the collector/buyer for going with the flow and not having enough knowledge to know otherwise. Knowledge is power. If you don't know a thing about what you're buying then 'buyer beware'. |
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Pillar of the Community
United States
7123 Posts |
Knowledge is power. If you don't know a thing about what you're buying then 'buyer beware'.
[/quote]
I agree with this statement !!
Rick
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Pillar of the Community
United States
867 Posts |
The dealers that always crack me up are the ones who have clearly modern Avon bottles and baseball cards in amongst their "antiques" I usually see this at the yearly antique show at the local mall. Sometimes there's some good stuff there, but usually not.
Rachel [:p]
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Rest in Peace
United States
2884 Posts |
I have never found any coins worth the asking price at an antiques shop. I ran across some circulated Morgans in a junk store in Virginia that I bought (10 common date coins) for a little over melt. I used them as swappers and part of my old silver stash. That's the only time, and I forgot about it until this thread! Mike  Edited by Mike
07/04/2005 9:31 pm
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Pillar of the Community
United States
1151 Posts |
Most antique dealers are more collectable dealers than true antique dealers. By definition, an antique most be at least 100 yrs old. I use to own an "antique" shop and did have coins in a case. Like anything else you sell, you should do some research and price accordingly. Most items in these shops have prices that are higher, because dealers know that buyers will make offers, so items are priced slightly higher.
In order to attract a wider market into these shops, items from modern reproductions to true antiques are displayed. I've been collecting for over 20 years and the number of items I have bought in an antique store can be counted on one hand. I typically gat my best deals at flea markets, auctions, garage sales, and from dumpster diving.
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Valued Member
United Kingdom
188 Posts |
Correct about that;
As far as I was aware, as I've dabled in pocket watches;
100 years+ and it's antique
Anything older than say 50 years tends to fall under 'Vintage'
From 25-50 it's kinda 'Classic'
10 years to 25 it's 'retro'!
Well okay I guessed with the latter ones, but I know that with cars and general 'antiques' it has to be 100 years or older, otherwise it's just vintage or classic.
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Pillar of the Community
United States
867 Posts |
Awright! The Timex watch I've been wearing since 8th grade is officially "retro"!  Rachel [:p] |
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Valued Member
United States
187 Posts |
Some antique dealers are very knowlegable about coins. Others that aren't always seem to have a RedBook around as a pricing guide. Some antique dealers also sublet a space to someone (not necessarily a dealer) to display coins. The worse I've seen is a table marked "Special $25.00!!" This was for 1982 50C commen 40% Washingtons. You can buy them in the mint box for $7.00 or less. Jerry |
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Rest in Peace
United States
954 Posts |
I don't know how to answer your question. About a year ago or so, when I was doing Coin World Forum, I decided that I would go to a flea market and offer to buy coins at 10-15% below face value. I took in several hundred dollars worth in a little over 3 week ends. People will buy or sell anything..! I'm sure of it. catman |
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Pillar of the Community
United States
1203 Posts |
quote:
Originally posted by Kyra
Awright! The Timex watch I've been wearing since 8th grade is officially "retro"!
Rachel [:p]
I sure hope you aren't complaining, as everything I hava is at least "vintage"! Does that make it more valuable, or wore out? |
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Pillar of the Community
United States
867 Posts |
It just proves that if you hang onto something long enough, it will eventually come back into style! Now that I say that though, let's hope that polyester leisure suits don't ever make a comeback....  Guess that the same thing could be said for coins, what's popular now isn't necessarily gonna be popular ten years from now, and what was big then may be sleeping now! Rachel [:p] |
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Rest in Peace
United States
954 Posts |
Oh Nooooo.! do you mean that my polyester leisure suit is no longer in style..? Hear that crystalk, OldDan. It looks like we are gonna have to get us new suits...! catman |
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Pillar Of The Community
3147 Posts |
Yes, I just think of all the junk we threw out that, had we kept it, would be worth a pretty penny now! And we could have sold all of that junk and put the money into coins! Most of my suits are at least vintage so I think I may be covered there!
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Pillar of the Community
United States
867 Posts |
Some of the toys that my sister and I had as kids are bringing in some decent money on ebay now. I told Mom not to clean out those closets...  Rachel [:p] |
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Replies: 24 / Views: 4,065 |
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First Page
Posted 07/04/2005 4:14 pm
