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Are Coin Shows Good Places To Buy Coins?

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 Posted 03/07/2023  08:03 am  Show Profile   Bookmark this reply Add sel_69l to your friends list
Coin shows can be a good place to buy coins, but it is a definite advantage if you have a very broad knowledge of numismatics generally - just as all of the most successful dealers have.

My buying technique has always been to scan all of the show, across the whole of numismatics, then go back to those dealers who have items that represent best value for money and negotiate a price for those items.

Bargains are much easier to find that way.
I have been actively collecting like this since I was kid. I am an old man now, but my mentality is just the same as an enthusiastic beginner. Long experience of decades helps.
Some may call this way of buying cherry picking, others may call it as just trying to buy well.

You have to keep a very open mind and be happy to be surprised with whatever bargain you may find.
Definitely not a buying technique for a numismatic specialist
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 Posted 03/07/2023  09:52 am  Show Profile   Bookmark this reply Add jbuck to your friends list
Most of my coins were bought at shows. It it not only a great place to buy coins, but to learn as well; second only to CCF, of course.

Be sure to take in as much as you can. Look at everything that is available, watch other people and dealers interact, and do not be afraid to ask questions. A coin show is still a show, not just a flea market.

I say this because it is okay to go to a show and leave empty handed. I did this at the last show, which was my first in three years. Going to that show was more about getting out and seeing what everyone was up to than it was about filling holes in my sets.
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 Posted 03/07/2023  2:48 pm  Show Profile   Bookmark this reply Add dsking to your friends list
I love going to coin shows. I've gotten some really good deals along the way.

I will say that some dealers are a bit stand-offish and snooty. But, most of them are nice and helpful! I tend toward the friendly dealers because they make me feel "wanted" at their booths and I don't feel judged by them. Oftentimes, they also have the best prices and very nice coins.

Otherwise, by all means, go to the show. They are quite the eye-openers! Have fun!
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 Posted 03/07/2023  3:00 pm  Show Profile   Bookmark this reply Add PlumCrazy814 to your friends list
I think coin shows are the best place to buy coins. Any serious competition is all there tending to keep pricing in a buyer's advantage. No shipping costs. You usually find a wide variety and often find things you did not know you wanted or could find.
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 Posted 03/07/2023  3:30 pm  Show Profile   Bookmark this reply Add Bump111 to your friends list

Quote:
I think coin shows are the best place to buy coins.


I agree 100%. You can inspect what you're getting in hand before buying. You can shop between dealers for best price. No shipping headaches. Shows are my preferred way to acquire things. My interests have taken unexpected turns after seeing something at a show. Add to it the opportunity to spend time with like minded people. I've made a friend or two at coin shows.

Edited for smellimg
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
Edited by Bump111
03/07/2023 3:31 pm
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 Posted 03/07/2023  9:19 pm  Show Profile   Bookmark this reply Add Sap to your friends list

Quote:
Go on the first day for the best selection, but go on the last day for the best deals.

This is wisdom. Most of the dealers at a larger show will have travelled from another city, or maybe even another country, to be there. They have high margin costs due to the transport (coins are heavy and shipping a lot of them is expensive), on top of whatever costs they may be charged to actually set up a booth. These dealers will arrive with only a finite inventory, which will (if it's a successful show) get smaller as the show progresses. Their "good stuff" will sell within an hour of the show opening.

These same dealers will want to bring back as little as possible of their inventory by turning as much of it as possible into cash, so by the end of the show, they will probably rather sell cheap than have to pay to transport their items back. So show's end sees a lot of deal-making, haggling and bargain-scoring. I've even seen dealers give away the bulky or heavy stuff, like books and supplies.

Quote:
I say this because it is okay to go to a show and leave empty handed. I did this at the last show, which was my first in three years. Going to that show was more about getting out and seeing what everyone was up to than it was about filling holes in my sets.

I'm not psychologically capable of attending a coin show and not buying stuff. It would have to be a coin show where literally nobody was selling world or ancient coins, for me to go away empty-handed. It's always my philosophy to try to support every dealer who brings world coins, by buying at least something from them.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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 Posted 03/07/2023  10:08 pm  Show Profile   Bookmark this reply Add Collects82 to your friends list
Coin shows are worth going to for the education. About coins themselves, the history, the cultures of the world. There is a fascinating stuff in every direction.

Makes friends with the friendly sellers. There will be a bunch of sellers who come off as grumpy fuddy dutties, don't put too much time into them. But there will be enough friendly folk to fill your time and help you learn. These conversations may become the highlights of your day.

Always walk around a time or two to see your options and figure out the vibes of the sellers. From there, buy what makes you happy for the best deal you can. No shame if you don't buy anything if nothing made you happy, was a fair deal, and worked in your budget.

The best days include learning, chatting, and leaving with a happy deal :)
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 Posted 03/08/2023  2:05 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
I'm not psychologically capable of attending a coin show and not buying stuff.
I had already prepared myself to leave that show without a purchase since I am focused on filling four specific holes. As expected, the most affordable one was nowhere to be found and the other three were outside my budget (thanks to a hefty purchase the previous month).

I could have skipped this show like I did the previous five, but I wanted (needed) to finally break myself out of the lock-down rut.
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 Posted 03/08/2023  2:52 pm  Show Profile   Bookmark this reply Add bzookaj to your friends list

Quote:
Go on the first day for the best selection, but go on the last day for the best deals.

Be aware that the selection on the last day can be very limited. The last time I went to a big show on the last day, the place was half empty by noon, and half of those left were already packing up. And this was a Saturday!
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 Posted 03/08/2023  5:21 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Be aware that the selection on the last day can be very limited. The last time I went to a big show on the last day, the place was half empty by noon, and half of those left were already packing up. And this was a Saturday!
I compromise and go on the middle day of our three day show (Saturday). A long time ago I would go at lunch on Friday and then again Sunday morning. After a few years it seemed fewer and fewer dealers would stick around that long, so I made the shift to a one time visit on Saturdays.
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 Posted 03/09/2023  06:05 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list
My experience with the big coins shows, such as Baltimore Whitman show, is that the opening day is largely devoted to dealer-to-dealer transactions.

There is little interest in selling to me a retail customer and most dealers do not yet have their stock set up for me to inspect. They come on that 1st day prepared to buy and sell wholesale with other dealers.

So, I attend on day 2 which would be Saturday as jbuck says above.
Take a look at my other hobby ... http://www.jk-dk.art
Edited by nickelsearcher
03/09/2023 06:05 am
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 Posted 07/13/2023  12:29 am  Show Profile   Bookmark this reply Add TinyRetreat to your friends list
Thanks for sharing everyone ... I've gotten some great ideas. My experience, along with my personality, is to get a "good deal".
I carry my CDN Greysheet with me and the dealers laugh at me when I even imply buying at those prices ... keeps me on stuck and I end up leaving with nothing. At the end of the day, I feel like I should stock a table and play from the other side. Thanks All - Tiny
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 Posted 08/28/2023  02:21 am  Show Profile   Bookmark this reply Add TinyRetreat to your friends list
Hasn't worked too well for me ... I think "graysheet", they sell " Red Book" :)
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