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 Replies: 52 / Views: 15,639 |
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Pillar of the Community
United States
1913 Posts |
alvaro77, if you're interesting in getting the most for the coins you want to sell the first thing you need to do is stop trying to sell them to someone who clearly isn't interested unless he can get them for far far below retail. Consider other options. If you put constraints on yourself like you can't sell on ebay or whatever, then you only have yourself to blame. Alternatively, you might try going to a large coin show. There are typically dealers who will buy modern proof sets (if they need them) for 10% under bid. These same dealers are selling at bid, so that tells you that they're not making much at all. You also need to understand that coin shops have to pay the rent, employees, utilities, taxes, etc. I honestly don't know how most can afford to stay in business. Most of all, if you don't like an offer you've been given, then just politely decline. They don't owe you anything and you don't owe them anything. That's what the free market is all about. If you both agree, then great. If not, it's no harm no foul. |
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Bedrock of the Community
Australia
21788 Posts |
The CCF has over 38,000 members, I guess that most of them are not continuously active contributors.
Nevertheless,
collectively, thay have posted over two million two hundred thousand posts in 11 years. That's an average of over two hundred thousand posts per year, or an average of about 550 posts per day.
And most people I know of in Australia who have an active interest in coins, have never even heard of the CCF!
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New Member
United States
38 Posts |
Well, two years ago I looked through a box of wheaties my grandfather left me and became hooked. As a 22 year old, I can tell you that no one I know my age has any interest in numismatics but I think it's far from dead. I've learned more through this hobby in the past two years than I have in my last two years of college. And I happen to love proofs more than any other type of coin, even though they seem to be junk to everyone else. I guess it all comes down to your interests and not expecting to make a fortune off of a hobby. Do what you love and you'll be rewarded accordingly.
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Pillar of the Community
Canada
5241 Posts |
The CCF is a place where you can learn from others' expertise and also learn from their mistakes.
While the proof sets did not work out to your liking, here you find out what is good and what should be avoided, moving forward.
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Valued Member
United States
422 Posts |
My belief is that dealers will sell their coins for as much as they can. They have overhead to pay for such as rent, lights and employees. I'm not siding with the dealers charging crazy prices for their coins but, if they feel the need to charge someone high prices, just look at something else or just walk away. I've walked into a few LCS with certain coins that I was looking for and have walked away empty handed at times. I am a coin hobbyist/collector so I don't have any intentions of selling. Just my thought and views on the issue. I will continue to collect because I feel coin collecting is not dying at my house.
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Pillar of the Community
United States
527 Posts |
I disagree that coin collecting it's dead , think the collectors population is larger than never specially because of the Internet , it made the buying /selling /trading very accessible , coin collecting is known as the king of the hobbies and I believe it will always be  |
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Pillar of the Community
Australia
7096 Posts |
I don't think coin collecting is dying But I do believe that Dealers from the "Ol School" that haven't embraced the internet or TPG graded coins are falling by the wayside. |
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Pillar of the Community
United States
5855 Posts |
Hey -- if you think collecting modern coinage (minted in the tens or hundreds of millions, almost all still available cheaply in MS70 condition) is dumb, you're probably not alone. Some people enjoy it, some don't. But that doesn't really speak to coin collecting as a whole. You might find classic American coins more to your liking. Or European coins. Or ancients. There are lots of coins to collect that are still worth a lot even after you buy them from a dealer, even if modern mint sets and Presidential dollars aren't. Seriously, don't give up on the hobby -- just change your focus to something you personally find more rewarding! |
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Valued Member
United States
411 Posts |
after reading these post I have a lot to say, but most of it has been said.
first off I buy what I like .
I was a quarter freak many years ago , had ALMOST the complete set from , what is it 34 to date at that time .
I decided that I did not want to finish my set and got away from collecting. so like a fool I sold the set.
guess what , I lost money.
started collecting hot wheels and Barbie for my daughter , both which are not worth anything unless you are a dealer selling them .
my line of thinking was that when I retired I would sale them all in my store. have gotten old and do not want a store now.
I went back to coins , collect some silver bars with these coins .
a few years ago dealers were pushing for us , the public , to buy gold now because gold was high and might go up . I told myself, that's stupid because gold might and will come down.
I started looking at silver coins and proof sets again , that's what got me back into collecting.
dealers can ask what they want for something and try to sell it at the price they want , we can decided to buy , sale or walk away. if you want it bad enough you will pay the price.
can ramble on and on about this but its up to you to decide .
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Bedrock of the Community
United States
17884 Posts |
How much would YOU offer for president dollar proof sets when you are offered 10 setsor more for every one you can manage to sell? The dealer is in business and needs to make a profit. The easiest way for him to make a profit on these sets is to buy them for $3.50 and spend them himself. Makes 50 cents a set and gets his money back immediately. If I was still working in a shop that's what I would be doing. I remember back when I was we would often buy 1971 and 72 mint sets for less than face value.
Prrof sets have been dead items for a LONG time simply because they sold so many of them. That's why almost 50 years later most of the early S mint proof sets are still selling at issue price or less. The 68 and 69 sets have silver in them and after 48 years they are still issue price. Proofs set for the most part are something a dealer rarely wants to have a lot of because they are NOT going to move and they are going to tie up capital.
Edited by Conder101
05/09/2016 1:08 pm
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CCF Advertiser
United States
1533 Posts |
Anyone who sells US coins to a dealer below face is an idiot. I don't even know why those offers are made. |
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Valued Member
United States
446 Posts |
Quote:
I don't even know why those offers are made. Likely because there are people out there accepting them. |
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Pillar of the Community
United States
7840 Posts |
Coin collecting dead? Dumb? Would you look this way please?  |
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Valued Member
United States
100 Posts |
Of course coin dealers will try to rip you off. Their (admittedly, intelligent in a way) attempts at making money off of the usually-saturated market of modern US coins are just that, attempts to make money. If all you have is a hammer, everything looks like a nail, and if all you have is a smelter, then someone's MS-60 1879-CC Morgan dollar looks like $17 worth of silver, and will be melted down as such. |
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Pillar of the Community
United States
6326 Posts |
As soon as I first saw the OP, I was just gonna say, "No Comment"...
As the topic reaches it's 3rd page....
STILL NO COMMENT!
lol
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Replies: 52 / Views: 15,639 |
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Posted 05/08/2016 01:39 am
