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LCS Guy Got Mad For Bringing Proof Sets To His Store

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Tech418's Avatar
United States
119 Posts
 Posted 04/27/2016  10:39 pm  Show Profile   Bookmark this reply Add Tech418 to your friends list Get a Link to this Reply
Wow. There are some real ignorant people out there. You should sue for discrimination. That would work. Hehe
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hozer's Avatar
United States
422 Posts
 Posted 04/27/2016  11:02 pm  Show Profile   Bookmark this reply Add hozer to your friends list Get a Link to this Reply
I would find a new LCS and by word of mouth could possibly cut down on his sales. Even if he was having a bad day there was no reason to treat you like that. If he treats everyone that walks in his door the way he treated you, he will be doing a lot of internet sales. Maybe he just needed a hug.
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BStrauss3's Avatar
United States
4592 Posts
 Posted 04/27/2016  11:34 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
"I'm sorry, but I won't be able to make you an offer on these. There is not much of a market for them and hundreds of thousands were made. I already have quite a number of them, but they just sit for months or even years tying up my business capital. And the same will be true of almost any coin shop you visit. I wish I had a better answer for you."
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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paxbrit's Avatar
United States
992 Posts
 Posted 04/27/2016  11:55 pm  Show Profile   Bookmark this reply Add paxbrit to your friends list Get a Link to this Reply
Better buy his good coins now, he's not going to be around long, with that attitude.
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eaglefoot's Avatar
United States
6326 Posts
 Posted 04/28/2016  08:10 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
I have more than one coin shop in town. (Maybe you are so lucky too).
All of them do Internet Sales as well, but one is small and only does gold, silver, and high end coins. I learned this year's ago. He would even send me to the other shop for my coin album needs. He just doesn't mess with modern stuff, never has.
This other shop is wonderful for getting my moderns, and he will buy as well. But if he has Overstock, he does politely say so. He understands that repeat customers and word of mouth is longevity in business.
They all want the biggest bang for their buck and their time. But they also know that all ages collect coins.
Not everybody has $3,000.00 classic coins, $25,000.00 in silver bars, or $10,000.00 in gold coins for sale walking into their shop everyday.
All levels of customers (Combined with wise decisions on their part), is a winning strategy.
Telling you that you give coin collecting a bad name....is just wrong on so many levels....if he doesn't want something that's fine...but Geez !
Edited by eaglefoot
04/28/2016 08:25 am
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jbuck's Avatar
United States
188617 Posts
 Posted 04/28/2016  10:24 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
"I'm sorry, but I won't be able to make you an offer on these. There is not much of a market for them and hundreds of thousands were made. I already have quite a number of them, but they just sit for months or even years tying up my business capital. And the same will be true of almost any coin shop you visit. I wish I had a better answer for you."
Burton gets it.
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stampvirgin's Avatar
United States
1247 Posts
 Posted 04/28/2016  12:38 pm  Show Profile   Bookmark this reply Add stampvirgin to your friends list Get a Link to this Reply
I can guarantee you that he sells proof sets.
I think the guy is a jerk.. I would have told him so, but, I am like that...
Find another LCS...

BTW.. I have every year proof set from 1953 to 2016 in OGP.
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donfan23's Avatar
United States
15 Posts
 Posted 04/28/2016  1:58 pm  Show Profile   Bookmark this reply Add donfan23 to your friends list Get a Link to this Reply
I'm very new to coin collecting, and I think if that were my first experience with a LCS, I wouldn't stay with it very long. That's very unfortunate...
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BStrauss3's Avatar
United States
4592 Posts
 Posted 04/28/2016  10:04 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Actually the bloom seems to be off the proof sets from the 50s and early 60s, my dealer friend who was cherry-picking the nice ones for slabbing has moved on to hanging paper. He seems to have saturated the local market.
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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tweak800's Avatar
United States
1249 Posts
 Posted 04/28/2016  11:59 pm  Show Profile   Bookmark this reply Add tweak800 to your friends list Get a Link to this Reply
I buy proof sets all the time. I love a nice proof coin. I have found some of my best errors there as well. Like my 1963 DDR. If you want to sell them I'll buy them. My LCS wouldnt ever say something like that.
Valued Member
United States
83 Posts
 Posted 04/30/2016  02:24 am  Show Profile   Bookmark this reply Add ShinyCat to your friends list Get a Link to this Reply
My local store got to sell quite a few Eagles and Morgans to a friend because he was polite to me when I picked up twenty proof sets for grey sheet prices. Cost him some time, but he got his ten percent with little risk, and made out like a bandit on my better heeled friend. I figure you can tell someone's character by how they treat the ones they can take advantage of.
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cladking's Avatar
United States
2271 Posts
 Posted 04/30/2016  10:37 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
Someday these proof sets are going to surprise people; especially the San Francisco minted sets. Every year there are fewer and fewer and the lower the price the more that are destroyed. In ten or twenty years there just isn't going to be enough supply for the paltry demand.

The price will be limited by the huge mintages that assure many survive but the only reason for the low price is that the supply dwarfs the demand at this time. But even now you could make good money buying these at bid and selling rolls of the coins at bid. This is why the sets are disappearing; everyone needs rolls but no one wants to bust up the sets.

Of course the biggest thing most people have against these coins is that they are modern. Purists just hate the concept that coins were even minted after 1964 and until recently they believed they weren't.

Proof sets are beautiful and cheap. Only a dealer or modern basher could hate that.
Time don't fly, it bounds and leaps.
Bedrock of the Community
United States
20753 Posts
 Posted 04/30/2016  10:56 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

That person in the LCS is a nut. You should continue telling everyone you know about his attitude. He really should have tried telling you just info about proof sets if that is what he thinks. He really had nothing to gain and lots to loose by being rude and ignorant.
Valued Member
United States
59 Posts
 Posted 04/30/2016  11:58 am  Show Profile   Bookmark this reply Add Timewise44 to your friends list Get a Link to this Reply
Sounds like this dealer was making so much money that he could afford to turn away customers! Or maybe the "crazy" scenario is more believable...
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 04/30/2016  11:07 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
He isn't crazy or anything else. He is a plain and simple jerk. I really am getting sick of the number of people who constantly claim that modern coins arent worth a darn. Ignorance and limited intellect in operation there. Dont go back there ever again for anything.


Quote:
Someday these proof sets are going to surprise people; especially the San Francisco minted sets. Every year there are fewer and fewer and the lower the price the more that are destroyed. In ten or twenty years there just isn't going to be enough supply for the paltry demand.


Yep, what he said.
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