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Replies: 18 / Views: 6,529 |
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Pillar of the Community
United States
1080 Posts |
Keep looking for a better dealer. Try going to a coin show nearby and get cards from the dealers who show up there when you find someone personable.
There are 3 dealers in town that I've visited. One is fantastic (he would buy your junk silver dimes for about $1.20 and sell them to you at about $1.35 currently), tolerates people hanging out and asking questions. One is who we affectionately call the "Coin Nazi." He throws you out if he decides you are wasting his time with questions. The third is pretty low key, often closed.
Keep trying.
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Pillar of the Community
United States
6383 Posts |
I don't think his prices were that unreasonable. My local dealer charges about $0.45 each for the nice square plastic coin tubes but will offer a discount if I wanted a lot of them. Silver dimes at $1.50 each seems like a reasonable retail price. You should probably be able to get more like 12X face when selling them, so I'd say he was low-balling you a bit on that front.
The big question is whether the experience was positive for you and obviously it wasn't. So, vote with your feet and find another dealer. Attend a local coin show if possible. Approach each new dealer with an open mind and you will be able to find one that treats you fairly.
Good luck!
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Pillar of the Community
United States
4000 Posts |
Well, they are out to make a profit. Trading you coin for coin doesn't pay the electric bill. If you were after-hours, off-duty, coin-collecting buddies, then you guys probably would trade coin for coin. But, that's not what they are in it for.
Even my local dealer buys silver at 11X face and then sells it for 12X. Gotta pay the bills!
Granted they could have handled themselves a little bit better if they want the potential for repeat business, but it sounds like they are more into the haircuts.
At least you didn't get scalped!
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Valued Member
 United States
368 Posts |
these weren't the nice coin tubes they are the regular round coin tubes nothing special just ordinary coin tubes lol but yeah I felt like I wasted my time there and that I was unwanted I want a friend who can talk about coins, all my friends make fun of me lol I want someone who likes this stuff and shows it
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Bedrock of the Community
United States
10982 Posts |
Sorry about your bad experience but a hair dresser/coin dealer may not have been the bast place to start.
The prices sound typical though and coin tubes for 50 cents is cheap. Who said they buy them for 5-15 cents?
Try a "real" coin shop if there is one in your area. It might be a better experience but you never know.
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Pillar of the Community
United States
4000 Posts |
There should be some coin clubs in your area to look out for. They usually meet once/twice a month and you can trade, auction, hear lectures, etc. See if you can find something like that and then your world of contacts (and leads on good dealers) will open up.
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Valued Member
 United States
368 Posts |
I know they are out to make money but idk I thought it would be a better experience, I didn't even want to buy anything, and I thought I would be drooling over a glass counter...not giving the man a $3.26 pitty tip buy on coin tubes I didn't really need lol I guess I'll keep looking and let you all know how the next trip turns out. I have my eye on a few other places....I want some dansco albums lol anyone know of any cheap places online for danscos
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Moderator
 United States
56855 Posts |
My "main" coin dealer sells coin tubes at 3 for a dollar. If you go to three different coin shops chances are you will get treated three different ways,my point is keep checking shops until you find one that you like best.And the longer you deal with the same coin shop the friendlier you will be treated.I have been going to my "main" shop for over thirty years. John1 
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Valued Member
United States
420 Posts |
my "main" coin shop back home was a gun shop that had coins... dang I miss that place
lemme see that .45 ... ok i'll take it and 10 boxes of ammo, hey is that a Morgan?
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Pillar of the Community
United Kingdom
1682 Posts |
I also miss the coin shop that I went to in South Florida that was also a gun shop. Was never able to do much with regards to guns since I was a kid and they always gave my grandmother a cup of coffee when she took me there.
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Valued Member
United States
188 Posts |
I bet the coin/gun shop didn't get robbed while they were open at leasr 
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Valued Member
United States
123 Posts |
Yeah sounds like you got a bad coin dealer, just try another shop, the coin dealers are usually really friendly and helpful if its there main hobby, you can also make small talk while buying and looking at coins which enables you to learn a lot from them, my coin dealer knew I didn't know that much but he still told me the book prices, every time I asked a price he'd pull out his book show me the price in the book and say but I'll take so much off and he'd take a little off every time, you just need to find the good coin dealers and you'll be good :D
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Pillar of the Community
United States
508 Posts |
I know of only one coin shop in my area, and I had a similar experience to you Slash. Nobody there likes being asked questions, they just want your money. I purchased like $50 worth of storage materials and I didn't even get a thank you.
I understand completely, all my friends don't have the slightest interest in coins. It would be nice to actually show someone my collection that would appreciate it like I do! =P
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Valued Member
United States
61 Posts |
As a coin shop employee (my shop is in Michigan, so no help for you on that front) and a customer prior to that for 30 years, I can say this: You have to understand dealers have to make money, and 3/$1.00 on tubes is fair. And you might get that price if the dealer charges $.50 individually once you become a "regular". Dealers always work with the regulars, they are the bread and butter of their business. Next, if a dealer isn't willing to talk to you and provide education, and answer ALL your questions (per the nazi dealer) you don't want to be their regular. Someone out there wants your money AND is willing to earn it.
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Valued Member
United States
123 Posts |
Deltron I know how you feel lol, none of my friends enjoy coins like I do. My boyfriend only keeps them for me to look at but once I try and talk to him and my friends about them they totally tune me out, lol so when I go to my coin dealer or go on here I really enjoy it because they share the same interest as me 
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Replies: 18 / Views: 6,529 |
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