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 Replies: 41 / Views: 6,572 |
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Moderator
 United States
16679 Posts |
Montana,
They started out as a general coin shop, then got into estate buying and oil paintings.. Pretty expensive ones.
Rare sculptures and jewelry too and of course, bullion and rare coins.
swcoin.ecrater.com
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Pillar of the Community
United States
3843 Posts |
Quote:Shop B: I was there for about twenty minutes. A customer came in looking for supplies and purchased a few dollars worth of air-tites and flips. Another customer was inquiring about the value of some old change she had (wheat pennies, Jefferson nickels, and Ikes). I think the dealer offered he two times face which she declined. Went back to Shop B today and was pleasantly surprise that they were quite busy. 3 customers in the shop at the same time mostly buying. |
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Pillar of the Community
United States
1132 Posts |
I typically hang out in the LCS for 2 hours at a time. It's amazing walking in looking for something in particular & it not being in stock. 20 minutes later someone comes in & hawks some stuff and viola! I'm a happy camper.  |
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Pillar of the Community
United States
1068 Posts |
I think my LCS closed....
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Pillar of the Community
United States
1390 Posts |
There are always people in mine, whether they are selling, buying, or shooting the breeze with the owners. I swear, that place is more popular for chatting than the two local cafes they have around.
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Pillar of the Community
613 Posts |
The LCS here is about to go under. They are about useless to me other then cherry picking with a 40x Errors and Doubled Dies. Which is nice but useless for silver stacking. Nobody in shop most visits I have with them.
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Pillar of the Community
United States
619 Posts |
There are very few actual coin shops here, even though it's such a large city. The state makes them charge tax, and I think that's the main reason why. There are plenty of pawnshops, jewelry shops, and sleazy cash for gold places. Most of the latter did close up after silver and gold plunged, though. There are monthly flea markets where the dealers hang out, and they "include" tax. A couple of those are older dealers still hanging on in small town storefronts.
There's really only one good LCS here, and it's been around about 25 years. It's in a very affluent neighborhood, and the employees are always polite. Even the owner is glad to see me when I come in. They charge tax, but often throw in extras like flips or coin tubes for free, and that offsets it.
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Valued Member
United States
324 Posts |
No one wants to charge taxes but they like to have a quick and professional response and investigation from the police when there is hold up or burglary. Let somebody else pay taxes, I just want the services, they say! A little unrealistic ya know.
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Pillar of the Community
United States
606 Posts |
Bluegrass, what makes this somewhat different to me it the notion of exchanging one kind of money for another.
Go to the bank and they don't charge tax to exchange currency. I see silver and gold as something that could be perceived either as money or product.
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Pillar of the Community
United States
1068 Posts |
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Pillar of the Community
United States
619 Posts |
In most of my surrounding states, bullion and collectible coins are not taxed. Those areas seem to have a lot more shops. Obviously, the stores would still have to pay property taxes, etc.
Edited by CPC24
02/08/2015 3:35 pm
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Pillar of the Community
United States
3843 Posts |
One of the LCS in my area has been going downhill lately for numismatic coins. It seems that all of their good stuff is at a coin show and that the brick and mortar shop is an afterthought, mostly for buying collections and selling bullion. After the primary owner of the shop left for the show circuit it has been slim pickings. They did have a few nice moderns and decently priced bullion but not much else. Sad.
Edited by Joe2007
02/08/2015 3:40 pm
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Pillar of the Community
United States
606 Posts |
It's too bad most can't survive. They are like bookstores, a casualty of eCommerce.
I try to buy as often from our LCS, and they are pretty competitive price wise. Without those who only want to buy without a paper trail I think they would be out of business. I don't mind ordering online.
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Pillar of the Community
United States
4333 Posts |
Good point MontanaCMR.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
59 Posts |
Very interesting topic, OP!
And I like the responses. And now there have been enough to see, at least this is my humble opinion:
Every coin is unique, because of its unique history.
And, so are LCS's
Everyone I have been in, and I have tried to search them out,
is Different
In so many different ways, I guess depending on the owner and what they wanted to do or what they ended up with.
It is kinda fun to check them out to see how different they all are, eh?
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Replies: 41 / Views: 6,572 |
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Posted 01/05/2015 7:02 pm
