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Replies: 109 / Views: 15,614 |
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Pillar of the Community
United States
1151 Posts |
Any Lincoln or Jefferson albums? I could use one :D
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Bedrock of the Community
United States
20753 Posts |
Quote: Any Lincoln or Jefferson albums? I could use one :D Mostly all of the older types such as Liberty Head Quarters, Halves, Dimes, etc. As to the original post, at the coin show last Sunday I noticed that now about 75% of the dealers all had prices on the flips. About 90% all now use the 1-1/2" flips for their coins. Only one had any plastic flips. Several customers brought their kids and one was about 5 years old. I was there for over 2 hours and saw only one female and she was a dealer. All dealers were friendly and welcomed conversations except one and he is always noted to be rather on the crabby side. One dealer had 5 tables and all full of those glass covered cases. I asked how much this all is insured for and he said over one million. One of the more socialable dealers told me he is opening up a coin store and not sure how he is going to make all the shows and run the store. I know he has 4 kids and a brother so I asked can't they help? He just smiled and said Yeah, right. As I and others have been saying, go back to a coin show and just have fun.
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Pillar of the Community
Egypt
3470 Posts |
Quote: Quote: Quote: Even had 1 dealer ask if I was serious about buying or just looking. Yes, I'm serious about buying if you have what I need. Are you serious about selling, or just displaying common stuff at high prices? I like that  I dont go to coin shows as we dont have those in Egypt  but I deal with a lot of sellers here in Egypt. I have a way that I use regularly with new sellers; I ask about a coin price and if I hear a high price I usually answer "it is expensive for me" and never use "it is overpriced" ..... I think it usually gives the seller the message that I am willing to buy but within a certain budget and in most of the cases the seller starts offering other coins or sets with a lower price than the first one. Simply, he gets the message that I am here to buy if you are here to sell  Quote: Like anyone, anywhere, as you get to know them, some are OK and some just stay idiots.  Quote: The problem with giving Albums to people via the mail is it cost to much to send them. I usually give all the Folders to someone at a flea market. Extra Albums I just ask anyone I know if they want some. Carl, I dream about these albums so if you have any extra Lincoln, Jefferson or State Quarter I would be happy to pay the shipment and I dont think it will cost much as you will ship to my friends in Chicago and they will handle it from there. If not, just keep me in your mind when you go to the next show 
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Valued Member
United States
167 Posts |
 I found this post after Googling "why are coin dealers so rude". I should mention that I've been collecting since 1972 /73. During good years I can spend in excess of $50,000. on my collection. I am indeed convinced that coin dealers can be nasty towards potential customers to a degree not witnessed in any other industry. Even business logic would dictate that being polite or conversant wouldn't kill them and may in fact yield some business. I am familiar with the arguements that they're under a lot of pressure, they have to deal with lots of trivial questions from unknowledgeable plebians, they need to make $, etc. However some of them do indeed act pretty nasty towards me. As the poster of this thread mentioned 10K, I can spend 10K easily on a single coin. I always assumed that polite behavior was reseved for the really big spenders: i.e. those folks that could spend $500,000. (or more) on a single coin. My grudges are somewhat ameliorated by the coincidence that at least 3 of my nastiest coin dealers have suffered mishaps, or occurances that were I a vengeful deity, could hardly have inflicted worse. I guess one could say "what goes around comes around". I should also point out that my situation has become a little better. Since around 1990, I've moved entirely into collecting specialized world [foreign] coinage. The rarity/price ratio is 10X or maybe 100x what one sees in the US market. E.g. for 10K, you can still get some important & rare foreign coins while this money can't touch even a common date early silver US dollar in "acceptable grades". Thus I've moved towards becoming a bigger goldfish in a small pond rather than a minnow in the ocean. Of course there are also those dealers that buck the trend and who are really nice. However there are still a fraction of delaers that leave a bad taste in the mouths of many of us cheaper [more frugal?] collectors.
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Valued Member
United States
198 Posts |
I've been on BOTH sides of the dealer table... The codes are to help the dealer to know what they paid for the item and when. If they have been carrying a coin for a while and would really like to sale it, they will discount it more than a item they only recently bought. There is NO WAY to remember every thing and unless it is written down, you will not remember. Some dealers write in a binder, but this is rather clumsy and takes time to research. As far as not placing prices on items.... this is either due to laziness or more likely, due to the fact that they will place it on ebay or another Internet auction. If you have the price on a 2X2, you will have to put it into another to sell it on-line.  I try to be as friendly as possible to ANYONE who comes up to my table and I will try to educate them of what I have for sale. Yes... we do get a large number of tire kickers and people who just want to know what their items are worth and YES I try to help them. What gets me are those who want to know what a coin is worth, but won't let you see it.  So the simple solution to the problem is to simply walk away from those who are rude and buy from those who are not.    
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Pillar of the Community
United States
1104 Posts |
There are 3 shows I go to regularly, they are Parsippany, NJ - White Plains, NY and a really small one in Clifton, NJ..... I am mentioning locations, not to bash any particular show or dealer, but in case any others had this happen at these shows. Even though My experience at these coin shows have been mostly very pleasant and enjoyable. But there have been several instances and occasions where this was not the case.
I have learned the hard way to stay away from dealers that don't have prices on their stuff!! The White Plains NY show is rather large. Several times there I have walked up to a table picked out a coin and asked how much. Only to be given an outrageous price along with an odd bold faced grin... This has happened to me at least once at the other 2 shows too. The times I asked about an unmarked coin and got a reasonable offer have been so few I won't even bother to ask anymore. Unless it's a coin I can't live without. Unless at least some of the coins have prices, I will pass that table. There is also one seller that does the shows I mentioned plus I have also seen him at others. He does pretty brisk business with mostly silver and stuff, and there is usually a crowd at his table. But he also has a junk bin. Now he doesn't appear to be a mean guy or anything but at least one time at each show I have been treated rudely for wanting to look through the bin. One time he wasn't even doing business with anyone, just standing having casual conversation. I mean why have a junk bin if you don't want to be bothered with it? I notice his junk bin sits untouched at each show so he must just lug it around from show to show?
One dealer I frequent at the show has the coins I collect and they have prices. But I notice some people get greeted with a warm welcome and there final purchases are discounted. While others aren't as fortunate. I have purchased coins from them before and figured by now I would have developed some type of repoire, but nope, every time I visit their table I still feel so UN welcomed I just want to get what I need and leave ASAP.
And then there are the few sellers I have grown to love. Coins are priced, and fairly. Everyone usually gets a warm friendly welcome. They go out of their way to help. Even offer a loop when I forget mines. And at the end make a good deal even better. these are the dealers I look for and make a beeline to at every show. And will Always buy from them. They always make my experience at coin shows good ones. I suggest everyone find those dealers at coin shows, this may require visiting coin a show more than once.
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Pillar of the Community
United States
863 Posts |
Do you really have to change the price of a 9000 coin though? an increase in silver of $5 wont increase the value of a lot of expensive slabbed coins. only the junk coins
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Valued Member
United States
141 Posts |
yeah I agree, or you can just say the spot price of silver + 8980$
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Bedrock of the Community
United States
20753 Posts |
Some important things to remember when going to coin shows are as follows: 1. Coin shows are basically flea markets for coins. Prices are similar to flea markets and you are normally expected to haggle prices. 2. Dealers at coin shows are there to make money, not friends. Most assume they may never see you again, so why give you a massive break in prices. 3. If you go to coin shows that have repeditive dealers, ask about what they do with Albums and Folders. If they say throw them out, ask if you could have them. 4. Ask dealers if they also have a store and if so, could you have their card. This may help with your prices. They may think your going to stop in. 5. Constantly remember that this coin collecting stuff is supposed to be a hobby and for fun. So if and when you do go to coin shows, just go with the thoughts of looking and enjoying. It is supposed to be fun. 6. If you want to have some fun, every time you see a dealer with no prices on things, you may want to say to him that you would look but with no prices, you'll just pass. 7. You do not have to spend money at a coin show. Sort of the same thing you do when looking at cars at a car show.
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Pillar of the Community
United States
2120 Posts |
Quote: I agree that there seems to be a growing number of rude dealers, but there are a lot of good ones too so I make notes of dealers that are rude and I won't go back to them. I don't understand how the rude ones can stay in business if they treat everyone that way. 
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Pillar of the Community
United States
1554 Posts |
I've been on both sides of the table. I've never met a totally rude dealer when I was on the customer side, just some grumpy dealers sometimes that you just have to understand after years that they have spent on their side of the table. On the other hand as a dealer I have met many rude customers who think that looking through all your coins in the glass cover cases and not buying anything is OK after an hour or so. This is especially true of VAM collectors in my experience. Or, the customer who constantly week after week lowballs your nice coins and then walks away muttering unpleasent words directed at me. I could go on and on about the rudeness of customers but I would rather not as a really enjoy the hobby overall more than the bad behavior of a few. In my opinion the customer is just as rude if not more so than the dealer. Coin Shows are fun always have been and will hopefully always be so.
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Pillar of the Community
Canada
3692 Posts |
Okay, I've read this topic several times now. I've come to a few conclusions.
It all comes down to budgeting, buying habits, and grading desirable coins.
I'm fine with unmarked prices. I'm fine with just having the grade on the flip for higher-end pieces. It allows some room for haggling while at the same time we can gauge each other in grading skills and we engage each other. It makes the sale all the more knolwedgeable for both parties and we both grow as numismatists. However, my buying habits like the priced coins so that I can play with my budget on a whim. If I'm in the market for something very specific, however, I like the grade over price idea more. This opinion applies only to mid-higher priced coins that are not bullion driven. I'm talking about scarser and older coins that are out of the realm of melting pots. These are the ones that are saved by collectors for collectors and sold at reasonable prices by both consenting parties. Both parties should be at more or less the same level with the dealer getting the upperhand because he simply knows more from handling coins day in day out and meeting lots of people in the same field.
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Valued Member
291 Posts |
Quote:On the other hand as a dealer I have met many rude customers who think that looking through all your coins in the glass cover cases and not buying anything is OK after an hour or so. This is especially true of VAM collectors in my experience. I disagree with this completely. You seem to have the attitude that just looking somehow entitles you to sell a customer a coin. Your coins are there to be seen, many times I have spent quite a while at a dealer's table and not found anything worth the asking price. So what? Maybe next week the same dealer will have something I like. Rude dealers get no business from me - ever.
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Bedrock of the Community
United States
20753 Posts |
Quote:Carl, I dream about these albums so if you have any extra Lincoln, Jefferson or State Quarter I would be happy to pay the shipment and I dont think it will cost much as you will ship to my friends in Chicago and they will handle it from there. If not, just keep me in your mind when you go to the next show Amr: If I get some of the ones you want, I'll gladly drive them over to those people's house in Chicago for you. Quote: disagree with this completely. You seem to have the attitude that just looking somehow entitles you to sell a customer a coin. Your coins are there to be seen, many times I have spent quite a while at a dealer's table and not found anything worth the asking price. So what? Maybe next week the same dealer will have something I like. Rude dealers get no business from me - ever. 1000% true. When you go to car lots and/or a dealership, you usually stare, check out, wander around a car, then leave. So what's the difference? Car sales people know not everyone is going to buy a car they are looking at. So same with coins.
Edited by just carl 09/12/2012 11:08 am
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Pillar of the Community
United States
1554 Posts |
Senex, you sure have the right to disagree with me. But I'll tell you, my glass cases hold spendy coins that are there on display to be sold, not just admired or browsed through. When I actively have to engage with a possible buyer for an hour while he blocks the view other potential customers is to me not very courteous. I'm there to sell coins, I've got overhead, and I really don't have time as I have good customers who buy, not just look. I have a box on the end of the table for browsing, but my collector cases are filled with coins that people want to buy. I've been on the buyers side of the table and still am quite frequently but unless I know the dealer I look, buy, or move along. Ten minutes usually does it.
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Replies: 109 / Views: 15,614 |