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Gatewest Coins, Winnipeg Mb. What Is Your Experience.

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Valued Member
Canada
496 Posts
 Posted 08/31/2019  1:26 pm  Show Profile   Bookmark this reply Add billfrak to your friends list Get a Link to this Reply
I have ordered once a long time ago , and it was an okay dealing. I am fortunate to live in a city where the coin stores will greet you and just give you the box or book and let you browse at your own leisure even when I come straight from work. you need to borrow a loupe ,no problem. Plus the coin shows are all around (best luck for me) , a good one is put on by the London Numismatic Society ( small plug)and luckily it is coming up ( September 15th)
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Coins1989's Avatar
United States
136 Posts
 Posted 09/01/2019  9:14 pm  Show Profile   Bookmark this reply Add Coins1989 to your friends list Get a Link to this Reply
It's been years since I was in Gateway but I experienced the same thing. They acted as if they couldn't wait for me to leave.

So, they offer to go 'get' a specific coin from their vault? Just one example? I like to sort through several and make a selection. They must think they are selling fast food.
Edited by Coins1989
09/01/2019 9:15 pm
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thehulk's Avatar
Canada
178 Posts
 Posted 09/05/2019  1:14 pm  Show Profile   Bookmark this reply Add thehulk to your friends list Get a Link to this Reply
I've gone to Gatewest a few times, traded in all my extra 20 for 20 coins at one point in exchange for a 1912 $5 gold coin. No red flags from me about them, never ordered online from them though. As far as brick and mortar stores in Winnipeg, are there any others left? Collectibles Canada closed a few months back, the owners retired apparently.

One of the better experiences I've had was at the Manitoba Coin Club show, which just so happens to be coming up the weekend of Sep 28-29 this year. Lots of tables and great finds for good prices. Got some great looking gold coins for close to spot. If you're from the area or will be in town that weekend it's worth checking out.
Valued Member
the_sifu's Avatar
Canada
276 Posts
 Posted 09/21/2019  5:58 pm  Show Profile   Bookmark this reply Add the_sifu to your friends list Get a Link to this Reply

Quote:
As far as brick and mortar stores in Winnipeg, are there any others left? Collectibles Canada closed a few months back, the owners retired apparently.


Provincial Stamp and Coin. Al the owner of that brick and mortar store will be at the Manitoba Coin show also. I sold some of my spare Canadian decimal coins to him this morning and chatted with him for over 30 minutes. He also gave me for free, the 2020 Charlton Catalogue Canadian Coins 73rd Edition by M. Drake

The last time I was at Gatewest Coins, they stock some display cases with antique rings and other jewellery. The only display case that I was interested in, was the mechanical rotating display case that held the Canadian decimal coins. Most of their business seems to be centered around bullion and NCLT. Yes I even asked to see the Canadian coin decimal binders as well and was denied.

In regards, to the store Collectibles Canada, I went there once and only once.

Valued Member
Canada
220 Posts
 Posted 09/22/2019  01:37 am  Show Profile   Bookmark this reply Add twoods to your friends list Get a Link to this Reply
Interesting to hear the replies, I have been dealing with Gatewest back to the 1980s and would rate them very highly. The knowledge level of their owner is second to none, and pricing is extremely fair. I spent a lot of time in the store while I was young, and the owner Ian was great resource and person to learn from. He never rushed me and was always very generous with his time. Best thing to do is check out their coins online, then schedule a time to get together and check them out with the staff in the store.
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the_sifu's Avatar
Canada
276 Posts
 Posted 09/22/2019  08:27 am  Show Profile   Bookmark this reply Add the_sifu to your friends list Get a Link to this Reply

Quote:
Must just be employees at the store front, maybe that's the norm


Just to follow up, Gatewest at one time had a ticket numbering system, it felt like being in a catalog merchant's store like "Consumers Distributing", waiting in line to have your order fulfilled. If you are old enough to remember that business model. It's not a bad idea, as customers are served in the correct order. Again most of the busines seems to be in bullion and NCLT. Yes, the high quality numismatic items are in the vault, you have to request the item by country, denomination, year, and grade, and they will fetch it for you from the back (security reasons from the store). For hobby collectors this may not be acceptable to them as a method to do business and form a numismatic friendship or customer relationship.

If you have taken any sales or marketing courses, first impressions are very important. Yes, the one or two ladies in front need to be more personable and smile more. At least look more welcoming at a minimum. A little more numismatic education for up front staff would be helpful also. Ian spends most of the time in the back of the business. The last Canadian Decimal coin I purchased a few years ago, Chris came out from the back, sold it to me, and we had a 2 minute chat before he rang it up. I was happy with the purchase and he was happy with the sale. Before that happened, I was last in line to 3 customers, 2 were sitting in front placing their order, and I was standing behind the gentlemen ahead of me. I saw bullion and NCLT transactions being perform. If you ever want to stop there and have a look at what is in the display cases, I would recommend that. Just be patient when your in line to place your order. My brother told me there is a massive amount of road work in front of the store, so wait till the season of construction ends. I have never purchased anything from them online, so no experience there.

Personally for me, I have no issues buying Canadian decimals items from Gatewest, though I would not sell to them. I would buy from Al and sell my spares back to him and have done so twice in my collecting hobby. Now if you ask me why? Answer is, Gatewest business expenses looks a lot higher than what Al's are. So I believe Al would be able to make a higher offer on my spare coins than Gatewest. Expenses like the number of employees, carrying cost, store property managing expenses, etc.


Quote:
I have been dealing with Gatewest back to the 1980s and would rate them very highly


Yes, I was also in the old store before the expansion. The small looking shack like structure on the far left side of the building on the corner. I remember, it was a bit dark in there, it was cramped, and I could smell a little mildew in the air. I am actually happy that they expanded to the neighboring building. It was one of the first coin stores I visited when I started collecting.
Edited by the_sifu
09/22/2019 10:30 pm
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CanadaPennies19's Avatar
Canada
201 Posts
 Posted 09/22/2019  8:28 pm  Show Profile   Bookmark this reply Add CanadaPennies19 to your friends list Get a Link to this Reply
I haven't figured out how to reply to a specific comment, but twoods, that's the point of my thread.

"Best thing to do is check out their coins online, then schedule a time to get together and check them out with the staff in the store."

That's not what people are typically doing when visiting a LCS. if I'm looking for a specific high grade coin, maybe yeah, but as stated in my original post, browsing is how I end up spending my money. I'm interested in a bit of everything.
Edited by CanadaPennies19
09/22/2019 9:57 pm
Valued Member
Canada
220 Posts
 Posted 09/25/2019  12:00 am  Show Profile   Bookmark this reply Add twoods to your friends list Get a Link to this Reply

Point taken Canadapennies19...I just wanted to share that I believe Gatewest to be a treasure trove of items, and that I have rarely found a dealer to be fairer in terms of pricing...

I also wanted to offer that I have had a way better experience calling the store ahead to let them know I am coming, for example, I visited recently to look at raw silver dollars and by the time I arrived they had pulled out some great coins to hunt through (of course as you mentioned in your post I also ended up purchasing most of them!)

Either way, good point made, the local coin shop should make sure to keep that local coin shop feel to accommodate their valued customers
Valued Member
tusker's Avatar
Canada
65 Posts
 Posted 02/26/2021  9:30 pm  Show Profile   Bookmark this reply Add tusker to your friends list Get a Link to this Reply
Gatewest has the volume but the customer service leaves a little to be desired. I like to browse but I also understand that they don't want unknown commodities picking through their coins. I tried to send them a list to fill out my 50 cent collection and it took a long time for them to get back to me. I finally got there to check out my picks and I found them pricey for what they were.

When I lived in Winnipeg I made almost weekly visits to Provincial and Al would get me out the boxes I wanted to look through and even asked if I wanted to see the 'good stuff'. I spent more than a few happy hours (and dollars!) browsing and building my collection there.
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punman's Avatar
Canada
849 Posts
 Posted 02/27/2021  2:07 pm  Show Profile   Bookmark this reply Add punman to your friends list Get a Link to this Reply
Living two provinces over, I have only dealt with them by phone for coin supplies and post 1966 coins like 50 cent pieces and coins like 1997 quarter not issued for circulation and that type of thing. Helpful by phone and orders processed accurately and delivered in a reasonable amount of time.
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wannabfree's Avatar
Canada
2754 Posts
 Posted 02/27/2021  8:03 pm  Show Profile   Bookmark this reply Add wannabfree to your friends list Get a Link to this Reply
I have bought from Gatewest 3 times in the last few months. My buys have always been on-line, so, have never dealt personally with anyone, but my dealings have always been satisfactory. I have the uncanny knack of usually always making my purchase decisions after the RCM silver coins are sold out at most vendors. They are probably my last resort, but often have my coin even if a little overpriced. That is likely my penance for procrastination or (penny wise - pound foolish). Their delivery charges are quite fair considering the recent circumstances.
New Member
Canada
43 Posts
 Posted 03/23/2021  10:29 am  Show Profile   Bookmark this reply Add Bigal12 to your friends list Get a Link to this Reply
Quite a bunch of ebay transactions ,a few phone transactions and a couple website transactions and all went very well .No trouble whatsoever and been very fair on the pricing ,even taking some lower offers.
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fhuahs's Avatar
Canada
2 Posts
 Posted 04/02/2021  06:02 am  Show Profile   Bookmark this reply Add fhuahs to your friends list Get a Link to this Reply
I buy from many sellers. Only had an issue with 2 or 3 out of 100's. So about 1%. I offered over 80% asking on a Gatewest listed item and they didn't counter. Simply refused. Why bother accepting offers?
I was under the impression that new clients should be treated with respect because you don't know how much money someone has. From the beginning I did not have a good experience with this seller. It's disappointing because they do have good pricing on some items. They've blocked me from purchasing and at first I was mad but now I am grateful. I have since discovered new sellers with better prices.
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jbuck's Avatar
United States
188767 Posts
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goldenstar's Avatar
Canada
1 Posts
 Posted 04/29/2021  6:01 pm  Show Profile   Bookmark this reply Add goldenstar to your friends list Get a Link to this Reply
At Gatewest coin, I offered to sell my 2 gold, 1 ounce wafers and they offered less for each wafer. So I went to KMG Gold, just down a few blocks and received a better price, which was $70.00 more.

Also, the price/ounce on Gatewests' web page was reasonable, but when I sat in the chair they gave me a poor offer.

And the man at KMG was lots friendlier.
Edited by goldenstar
04/29/2021 6:07 pm
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