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Replies: 18 / Views: 2,806 |
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Moderator
 United States
189117 Posts |
Nice analysis.  I chose coin shows. Setup costs aside, many of them prefer leaving without most of what what they brought.
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Pillar of the Community
United States
4469 Posts |
The buyer leverage comes from using all the options you noted to purchase coins and buying the coin at your price point and quality.
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Moderator
 United States
23522 Posts |
The collector has leverage - massive leverage - when he knows what he wants and has the expertise to accurately evaluate and price what he's looking at. The greatest of the considerable wisdom presented in the initial post is that there are so many outlets for coins these days, so many different coins visible to the average buyer, that there is no reason not to settle on exactly what you want at the exact price you wish. All you need is patience while you find that coin.
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Pillar of the Community
United States
604 Posts |
Quote: Really when it comes to coins you can negotiate almost everywhere except ( auctions heritage, stacks-bowers, etc. )and the mint. In my opinion there is no SET IN STONE price on coins especially circulated ones. you , the buyer has the leverage.  Quote: there is no reason not to settle on exactly what you want at the exact price you wish. All you need is patience while you find that coin.  Not much more I can add to that other than patience is hard to keep especially when you get that "itch"
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Bedrock of the Community
United States
20753 Posts |
I still think nothing beats a coin show. You see exactly what is there and if you don't like the prices, just move to the next seller. Unlike anything on the internet, no postage, no handling, no wrong coin sent, no insurances, just the coins at a show.
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Bedrock of the Community
United States
94367 Posts |
Leverage can mean different things, but I would agree that knowledge is the greatest leverage of all. If you know more about your field/series than the seller, you can spot the mistakes/oversights and not have to worry so much about price.
Edited by Coinfrog 08/10/2015 6:02 pm
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Moderator
 United States
23522 Posts |
I will say, Carl, if I could do 100% of my trading in a show environment I absolutely would. Large numbers of coins all in one place, competition for everything, and human interaction with eventual proof that the vast majority of us are solid people to deal with. And cash talks. Can't beat the combination. 
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Pillar of the Community
 United States
3843 Posts |
Thanks for the insightful comments everyone! I'd like to add that for very common items such as proof sets and modern commemoratives, ebay is very hard to beat. When there are dozens of identical listings of an item at one time the price seems to be competitive. The coin dealers I've dealt with cannot match the prices that ebay sellers sell at on very common items.
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Moderator
 United States
189117 Posts |
Quote: I will say, Carl, if I could do 100% of my trading in a show environment I absolutely would. With exception to US Mint products... For the last fourteen years I have bought exclusively at shows, since it has been that long since I visited a LCS. About five years before that I bought my last coin through mail order and I have never purchased one over the internet. Again, this excludes US Mint purchases. 
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Moderator
 United States
23522 Posts |
I'm just working to keep my opinion of Mint products out of the thread.... 
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Bedrock of the Community
Australia
21788 Posts |
A couple of years ago gold was very under represented in trout1105's collection. I see that, that has now been corrected. Best of British luck to you, fella!
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Pillar of the Community
Australia
7096 Posts |
Quote: A couple of years ago gold was very under represented in trout1105's collection. I see that, that has now been corrected. Best of British luck to you, fella!
I picked up 9 sovereigns and a half ounce 4 ducat restrike gold proof, The sovs cost me 10% over melt and I got the ducat at melt. Maybe it was my kind face (  ) or it was the fist full of fifties I was carrying that got me a nice deal  Cash IS King 
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Pillar of the Community
United States
992 Posts |
Coin shops - being a regular is good, and spending some money each visit will get you points. Shows - Sunday is your best buying day. Think of it as a Coin Shop Mall, and keep moving on down the line, then come back to start point and begin buying the bargains. Auctions - know your upper limit and quit bidding when you reach it. Don't forget the bidder fees, too. ebay - bid the amount you want to pay and forget it. Some you win, some you don't. Check the Buy It Now items for that beauty you can't live without. Pawn Shops/Antique Shops - generally far overpriced, but check them anyway. Lots of non-collectors will buy here and pay their prices. Bottom line, if you have the cash in hand, literally, and the seller sees it, he's going to want to deal with you to get it.
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Moderator
 United States
189117 Posts |
Quote: I'm just working to keep my opinion of Mint products out of the thread....  Do not mind me, just waiting for noon. A very important mint product is coming out today. 
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Pillar of the Community
1325 Posts |
I say the coin buyer has the most leverage on... the internet. You can price check in advance to places and things and be ready for shows or anything else. Everyone and their brother has an ebay now so all coin stores probably have a shop, and if not you can sort ebay by recent ended for what you are looking for. as GI Joe said "Knowing is half the battle." So the more you know beore you go anywhere to buy, then the more leverage you have. This is also based on "the customer is always right." because at the end of the day it is the customer who decides where to spend his money and they can choose NOT to spend it as well.
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Replies: 18 / Views: 2,806 |
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