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Poll: Why Do You Visit Coin Dealers?

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Valued Member
United States
436 Posts
 Posted 12/11/2009  09:03 am  Show Profile   Bookmark this reply Add hippiebrian to your friends list
I usually buy from my local dealer, with low cost items on line, and from members here. I like my local dealer, as he knows me, knows what I like, and will usually put coins aside that I may be interested in. If it's something I don't want, he just puts it in his display, no complaints at all. He's a cool, grumpy old man, and it will be sad when he's gone. He's taught me a lot about the hobby, and I like going in there just to hang out sometimes. There is another shop in town that, imho, is way too "professional" and less kicked back. The employees are a bit too business like and their prices are a bit high, although if you can get specials you can get deals there, and they are the best bullion dealers I've found anywhere, including on line. They sell bullion at not uch over spot, and will give the best prices under spot for buying, so usually that is the business they get from me.

I just don't trust ebay, as I'm way too new and it would be easy for me to get ripped off. I also have a problem with the outrageous fees, which do affect the customer, and the whole monopoly with pay pal, etc. They're making money on both ends, and I guess it kind of bugs me, makes me feel used a bit.

I do buy alot at shows also, and at club auctions, which are my favorite ways to obtain coins, as I'm getting them from friends and the club gets a bit of money.

Overall, though, my local coin club is my favorite place to acquire coins.
Pillar of the Community
United States
1083 Posts
 Posted 12/11/2009  10:24 pm  Show Profile   Bookmark this reply Add okie-colin to your friends list
My answer is not one of the choices. I visit my coin store to look at the bid board and bid on coins that I want, that other collectors have hung, or to buy bullion from the dealer.
Bedrock of the Community
United States
20753 Posts
 Posted 12/14/2009  12:56 am  Show Profile   Bookmark this reply Add just carl to your friends list
925dealer: you really should get out more and go to coin shows in other areas. Your statement about them sounds like someone that visited one once or twice and gave up. If you go to numerous coin shows in an area where there are many of them, you would find that you could get to know many, many dealers. In our area there are 4 coin shows a Month, every Month, all year long, withing about 15+ miles of me. Some of the dealers are the same ones at all of them. We also have a few of the really large ones at times also and again, many of the dealers are the same. Knowing one dealer or two at a coin store is sort of relying on a small area of expertise. At these coin shows, as you get to know dealers, you can ask questions, have them search for items for you, get much, much better deals since you get to know them. There are so many benifits to numerous coin shows over a coin store that there is really no comparison.
Valued Member
Finland
294 Posts
 Posted 12/16/2009  03:27 am  Show Profile   Bookmark this reply Add Eurocoin to your friends list
I buy all my supplies from a local coin dealer and usually few bargains too. He sells mainly stamps and coins from Finland and its neighboring countries (Sweden, Norway, Estonia, Russia) so I have to buy my world coins from other sources.

I usually buy my coins from Internet auctions and flea markets, but a couple of weeks ago I tried Internet dealer (American one) first time. We don't have American style coin shows - only one or two in my area annually. Though some dealers sells their coins at a flea markets every weekend.
Edited by Eurocoin
12/16/2009 03:29 am
Pillar of the Community
United States
7840 Posts
 Posted 12/16/2009  09:00 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list
I live in such a small town that there are no coin shops around (last one closed up Dec 31 2008).
Bedrock of the Community
United States
20753 Posts
 Posted 12/16/2009  11:28 am  Show Profile   Bookmark this reply Add just carl to your friends list
Not to drag on about how great a coin show is but there are other things about them that amaze me all the time. For example I never could figure out how a dealer could sell the latest Red Book for $10.
One interesting thing I found out was the numerous different types of cardboard 2x2's there are. Some of the thicker ones, cost more, take up a lot more room in those long, Red Whitman cardboard boxes. Some are almost half that thickness. A dealer at one of the shows I go to sells several different ones and a lot cheaper than on the internet or a coin store. Also, found out there are 2-1/2 x 2-1/2 inch sizes as well as the 1-1/2 x 1-1/2 inch ones most used at coin shows.
A few dealers I've met tell me some of their main sources of coins is purchasing Albums or folders from people. They then take the coins out, place in flips for sale at the shows. Most discard the Albums and folders in the garbage. I've asked for them if they don't want them and many times have received them free. One dealer gave me a box of about 40 Dansco Albums with a few Whitman and Littleton ones too. Since then he has given me all the ones he acquires and always free.
It really pays to frequent coin shows if you can.
Edited by just carl
12/16/2009 11:29 am
Valued Member
Australia
126 Posts
 Posted 01/07/2010  7:05 pm  Show Profile   Bookmark this reply Add lilaznkev1n to your friends list
I like going to dealers because I'm a young collector (16) they sometimes give me discounts on their normal price.
Pillar of the Community
United States
1745 Posts
 Posted 01/07/2010  8:55 pm  Show Profile   Bookmark this reply Add The_Duke to your friends list
When I travel for business, I will seek out chip shops if I have time. Today I visited one in NC. Friendly shop (seemed to be a gathering place for collectors) and nice owner who was interested in what I was looking for and where I was from.
Valued Member
United States
335 Posts
 Posted 01/07/2010  10:41 pm  Show Profile   Bookmark this reply Add AndrewC to your friends list
I like to stop in at my local dealer to buy old stuff out of the junk box for next to nothing. A Flying Eagle cent in FR-2 condition, an 1848 large cent that looks like it survived a fire, an 1868 Shield nickel that was only identifiable after a week in vinegar--my son and I have a lot of fun with these things.
Pillar of the Community
Australia
585 Posts
 Posted 01/08/2010  05:51 am  Show Profile   Bookmark this reply Add turtleoverhead to your friends list
Why do I visit coin dealers?
Because he has coins. I would visit even church to get something for my collection.
Moderator
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United States
189340 Posts
 Posted 01/08/2010  11:30 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Why do I visit coin dealers?
Because he has coins.
Best answer yet!
Valued Member
United States
220 Posts
 Posted 01/08/2010  2:03 pm  Show Profile   Bookmark this reply Add dollarcoins to your friends list
I purchased most of my coins online. I visit the coin shop because I want to talk with someone about the coins and to view coins I don't have. Of course, I will buy some coins I need before leaving the shop.
Pillar of the Community
United States
505 Posts
 Posted 01/08/2010  2:10 pm  Show Profile   Bookmark this reply Add Frazzle to your friends list
Ive been dealing with my local dealer for 25 years and weve become pretty good friends....I usually get pretty good deals from him and he's usually on par or cheaper than ebay...
Valued Member
United States
220 Posts
 Posted 01/08/2010  2:17 pm  Show Profile   Bookmark this reply Add dollarcoins to your friends list

Quote:
Ive been dealing with my local dealer for 25 years and weve become pretty good friends....I usually get pretty good deals from him and he's usually on par or cheaper than ebay...


This is also one of my intentions to visit the coin shop. I try to build a friendship with the owner; thus, I can buy coins at the reasonable price at his store. If I can purchase the coins at the similar prices offered online (eg. ebay), I would prefer to buy the coin in the shop.
Pillar of the Community
Philippines
1156 Posts
 Posted 02/03/2010  5:37 pm  Show Profile   Bookmark this reply Add Nic to your friends list
Yes, I visit dealers, plural, as I visit all that are reachable in my metropolis, traffic permiting. I get to know them and they get to know my collection. Dealers are great for tracing and hunting down specific ordered coins at an agreed price interesting to them.

I have been told that dealers stock their coins based on saleability and price, so I know they won't stock on the coins I'm looking for. But a sure buyer for a specific coin is something else.

This had unexpectedly created a buyer-source web chain for me that has flushed out really beautiful world pieces (beautiful for me that is), that otherwise the sellers may fail to unload and I would have had an impossible time finding it.
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