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My Very Unscientific Coin Show Observations

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 Posted 02/06/2017  11:25 am  Show Profile   Bookmark this reply Add jbuck to your friends list
I agree. I much prefer the shows. Having a coin in hand makes purchase decisions much easier.
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 Posted 02/06/2017  11:58 am  Show Profile   Bookmark this reply Add twinkinator to your friends list
I personally enjoy going to shows - there are three in my area every year. As a foreign currency collector, only 4 or 5 out of 30 tables have a selection I'm interested in, but those dealers recognize me now and are always fun to visit. Most of them have a great sense of humor and enjoy talking as I sort through their inventory.

Like jbuck, I prefer to have the coins in hand rather than online. I have had little success finding good deals on ebay or elsewhere, but my local coin club has a monthly auction that usually has good deals, so I guess I might just be spoiled

I have absolutely no problem with haggling. Most dealers are willing to at least knock a few bucks off if you get a handful of items - 30 notes out of a $1/note bucket would usually be $27 or so. If they decline, you aren't out anything - it never hurts to ask in my opinion. It's very rare that a dealer won't move at all from their prices unless it's already a fantastic deal.
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 Posted 02/06/2017  12:09 pm  Show Profile   Bookmark this reply Add nfine to your friends list
To those of you who are concerned about making an in person offer on a coin, my advise is do it. The seller may or may not accept your offer but they will explain why the didn't if they don't. You'll know right away why your bid was declined if the seller says no which gives you the chance to either walk away or sweeten your offer. Losing an auction on-line always leaves you wondering why.
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 Posted 02/06/2017  12:23 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list
If I see something that is a bit too expensive, I'll ask what's the best you can do on this? I often get 5% or so off.
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 Posted 02/06/2017  1:47 pm  Show Profile   Bookmark this reply Add HarryWells to your friends list
I don't go to many shows, but I actually like haggling. The coins shows are one of the only retail environments I can go and negotiate a price. I enjoy watching Pawn Stars and American Pickers and I think watching those has made me more comfortable with the idea of negotiating a price.
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 Posted 02/06/2017  5:20 pm  Show Profile   Bookmark this reply Add MikeF to your friends list

Quote:
I have experienced a little bit of the nervousness of coin show dealers or even store owners when I look over their stuff, but I can understand it. I am not a typical looking coin collector I'm relatively young and frequently sporting a backwards hat and a leather jacket and boots. Knife clip always sticking out of my pocket and jeans most likely fashioning a series of rips and tears. I more likely look like someone who is going to rob you than someone who has a coin collection at home


I can relate to this and perhaps that's part of the problem. I also don't imagine I fit the mold of the typical coin collector. I'm a big meathead-looking body-building dude.
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 Posted 02/06/2017  5:32 pm  Show Profile   Bookmark this reply Add MikeF to your friends list
Also I should note that in no way was I implying that the coin collecting business is dying. Far from it. It was held at an American legion post in Independence Mo. I thought is was busy but I don't have much to compare it to. I would say the parking lot was about 60% full and it was a good-sized parking lot. As far as the crowd was concerned the most notable takeaway was the volume difference between the tables. Some tables were so busy that I couldn't find an opportunity to knife in and ask questions. Others like I said were a ghost town. I now wish I would have been more assertive on the busy tables and found out what they were selling that was in such high demand.
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 Posted 02/06/2017  9:17 pm  Show Profile   Bookmark this reply Add KenKat to your friends list
There is a monthly show in my area - held also at an American Legion hall - and while I have gotten a few nice coins there, it mostly matches your impression - variety is lacking (for what I am collecting right now) and prices are a bit on the high side. At the same time, there is a large annual show and it's completely different. So I think it is very much dependent on the show you happen to go to.
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 Posted 02/06/2017  9:18 pm  Show Profile   Bookmark this reply Add SpaceMaNy0 to your friends list
I have been to a few small shows.


Quote:
My budget probably has a more restrictive effect than the selection.


I've thought about trying to trade but my wife doesn't like the idea of getting rid of any of our stuff.
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 Posted 02/07/2017  12:14 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
I have never sold a coin nor do I ever intend to sell a coin.

The only time I traded was when I did so with my silver half dollar CRH finds. These were all duplicates, so it made sense to trade them in for dates that I needed (referring to Franklin half dollars).
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 Posted 02/07/2017  12:18 pm  Show Profile   Bookmark this reply Add mysilveryears to your friends list
Haggling certainly takes some practice and getting used to, but it is very worthwhile, even if all you say to the seller is, "is that your best price" on ANY item you are seriously interested in, even low ticket stuff.
As a thirty year veteran of the [automotive] flea market circuit, haggling is second nature to me. It is not always successful, but sometimes the discounts a dealer is willing to give are surprising. But you will never know unless you ask. Always be friendly and polite. Insulting merchandise or asking prices will quickly gain you a reputation as someone not worth the time and effort.
Like others have said, nothing beats having the item in hand. Sure, the internet has changed everything-- except human nature. It seems that pure greed has overtaken ebay and other online outlets. Haggling via the keyboard is a hassle. Lots of dealers seem to have forgotten the concept of 'room' in their pricing. A buyer wants to feel secure that if that high ticket item he just acquired had to be turned loose tomorrow due to some unforseen circumstance, he could get back at least what he paid for it. So there is always going to be that dynamic between buyers looking for a bargain, and sellers wanting 'tomorrow's price today'. Do not be hesitant about passing up an overpriced specimen that you really like. There are always going to be more items available in most everyone's price range, especially today with so much generational changeover taking place. Also the more outlets one explores, both local and online, the more choices one has. If the seller is too firm and most prices seem way over the top, simply walking away might be the best message you can send.
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 Posted 02/13/2017  1:28 pm  Show Profile   Bookmark this reply Add 4504 to your friends list
I have never been to a coin show, but I would like to go to one. that being said, if I was a seller, I would be scared that someone wants a more personal look at a coin and once it is in their hands they would take off like a jackrabbit. I would be afraid to leave my booth unattended to chase the thief down. I guess I could just yell out the classic "THIEF! STOP THIEF! SOMEBODY TACKLE HIM! and hope someone "gets" him. personally, I am pretty sure I would chase the guy for the dealer because I hate thieves. of course, anybody who does so is taking a risk... getting sued by the thief if he/she ends up getting shot/injured, tackling the wrong person, etc.

as a buyer, I think it would be fun. as far as the prices, of course the sellers want the most they can get for their coins. that does not mean you cannot ask if that is their best price. I do this a lot on ebay, and most of the time the dealer will knock anything from a little to a lot off the price. the last time I did this was on a gold 1/2 tael (a little over an ounce, a tael is 37.5 grams) Korean key, the seller wanted a buy-it-now price of $1,500 with no offer provision. I asked him if he would take $1,000 and he said ok.

just about everyone will knock off some off of the price, especially if it is high-priced. in any case, it cannot hurt to ask. who cares if the dealer thinks you're cheap! ok, kidding on that one...



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 Posted 02/13/2017  5:39 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
There are law enforcement officers at the coin shows here. I doubt anyone running towards the exit could leave without being stopped. I would be more concerned about legerdemain than a brute force "smash and grab."
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 Posted 02/13/2017  6:37 pm  Show Profile   Bookmark this reply Add JimmyJames to your friends list
I have had a similar impression from coin shows. I want them to be a great place to go, but they aren't.

The economics of coin shows usually mean a dealer has to spend at a minimum a few hundred dollars to go to a show. They have to mark stuff up and move thousands of dollars of material to make it even slightly worthwhile. As someone who walks into a coin show with no more than a few hundred bucks (often less), I can't even buy enough stuff to register on their radar.

At this point I go to shows to have a look around and generally be supportive of the local coin culture. I can usually get better material for cheaper online. As a rational consumer, I just can't really justify buying at the show.
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 Posted 02/14/2017  11:09 am  Show Profile   Bookmark this reply Add jbuck to your friends list
My budget is the low, low triple digits and I never leave a show unsatisfied. I suppose I am fortunate that my local shows have a diverse group of dealers who can satisfy both the high and low end collectors.
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