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 Replies: 33 / Views: 4,221 |
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New Member
 United States
29 Posts |
Fun is what it's about for me too. I am beginning to come around on the Graded coin issue. Per your advice I will save the labels and attach them to the album, not ideal but at least it will serve as a reference.
Best of success with your collections.
Thank you for your input.
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Moderator
 United States
189767 Posts |
Quote:I'm thinking shopping the shows have some big advantages over most ebay and coin shops. Just a few years ago I would have been in full agreement, however... Quote:Honestly generally not. Many things are cheaper on ebay than you would find at a show and the ebay selection is much much better. Ignoring graded coins is a mistake in today market. I have to agree with this, at least when it comes to graded Ikes. The Ike selection on ebay is far superior to my regular show. I cannot imagine that the Ikes are the only focus where the Bay holds an advantage and am sure many other series are more represented there as well. |
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New Member
United States
29 Posts |
Okay, I've been reading, listening and looking at the ebay listings. Competition is a strong factor in keeping costs in line. I concede the point about ebay prices.  Bill P.S. I'm on my way to ebay to buy a key date graded CC! |
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Bedrock of the Community
13014 Posts |
Quote:
The collections I am attempting to complete are those started by my father sixty to seventy years ago. His Liberty/Morgan dollar "folders" were less than 50% complete with some worn coins and some obviously cleaned or polished. I've replaced the worn coins and intend to complete the collection with respectable or better coins. Definitely an awesome and very cool idea. For a series like Morgans like you specifically mentioned many of them can be found for basically the same price graded as they would be raw and you can always make a graded coin raw again for an album. I mention this specifically because you had mentioned you are new and it would be safer for you to get the graded ones and crack them (I'd recommend leaving the high value/keys graded though) then try and jump into it on your own especially while you get your legs under you. Quote:
coins are available to see up close and also collectors might be selling coins to other collectors at fair prices Collector to collector sales at shows are HIGHLY frowned upon and a lot of shows you'd actually get kicked out for selling in that manner when the dealers started complaining. I wouldn't expect to see any of that going on unless you have something prearranged to meet someone at the show. Quote:
Additionally, a show is an opportunity to get out and speak with lots of folks more knowledgeable than I am. Some of the shows certainly can be. The smaller ones are hit or miss for value in that sense. Hopefully there are some good ones there but at least you'll get to see a bunch of things in person. Pay particular attention to the graded coins (PCGS mostly but NGC/ICG and lastly ANACS and ignore slabs that are not those four companies for now) and get a sense of what things should be looking like. It can be a good comparison tool to see what their raw coins also look like and give you an idea of whose raw coins are likely to be the biggest minefields |
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New Member
United States
29 Posts |
Thanks for prioritising the grading companies, I'll read up on them.
If I purchase a reasonably good graded coin and do not break it open, I suppose a relatively inexpensive stand-in could fill the gap in the album. For me it might be practical for one or two coins only.
Crazy!!?
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Pillar of the Community
United States
2023 Posts |
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If I purchase a reasonably good graded coin and do not break it open, I suppose a relatively inexpensive stand-in could fill the gap in the album. For me it might be practical for one or two coins only. Some of us have put "slabbed" notes or printed photos as placeholders. No need to buy a lesser coin if a picture meets that need. Your album, your call. |
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New Member
United States
29 Posts |
Quote:
Some of us have put "slabbed" notes or printed photos as placeholders. No need to buy a lesser coin if a picture meets that need. Your album, your call Great idea! Since starting this project, my standards have gone up a bit too high & too quickly. Unfortunately the lower rated key date coins are also expensive. Thanks! |
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New Member
United States
29 Posts |
Quote:
Collector to collector sales at shows are HIGHLY frowned upon and a lot of shows you'd actually get kicked out for selling in that manner when the dealers started complaining. I wouldn't expect to see any of that going on unless you have something prearranged to meet someone at the show.
Wow! Are you saying that only "dealers" are permitted to sell at a show? Are prices usually fixed to some predetermined reference? Bill |
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Bedrock of the Community
13014 Posts |
Quote:
Wow! Are you saying that only "dealers" are permitted to sell at a show? Yes. They are the ones paying for the show with their table fees and if some random person is costing them business or interfering with their sales and the dealers start to complain they will be removed from the show. Now collectors can buy a table, but if you haven't bought a table you're not supposed to be buying or selling with the public. So if you are expecting to go and see people trying to help other collectors with cheaply priced coins, that isn't what a coin show is at all |
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New Member
United States
29 Posts |
Quote:
Now collectors can buy a table, but if you haven't bought a table you're not supposed to be buying or selling with the public. So if you are expecting to go and see people trying to help other collectors with cheaply priced coins, that isn't what a coin show is at all Okay then, these shows are like any of many other shows I've been to. Anyone; dealers as defined by the fact they are a business selling at a trade show for a profit or collectors as defined as individuals selling without a business possibly without profit motive, can sell at any price they are comfortable with at their table/booth. I'm assuming that dealers, not collectors are the majority. If it's the other way around, I understand your point. Edited by Stewillard
09/02/2018 12:01 am
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Bedrock of the Community
13014 Posts |
Quote:
Okay then, these shows are like any of many other shows I've been to. Anyone; dealers as defined by the fact they are a business selling at a trade show for a profit or collectors as defined as individuals selling without a business possibly without profit motive, can sell at any price they are comfortable with at their table/booth. I'm assuming that dealers, not collectors are the majority. If it's the other way around, I understand your point. The people behind the tables at a coin show are ALL there with a profit motive whether they are a business or a collector who bought a table. There's not going to be anyone there giving out gifts, everyone selling there is there to make money. |
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New Member
United States
29 Posts |
Quote:
There's not going to be anyone there giving out gifts, everyone selling there is there to make money. But wouldn't that be a unique way to encourage folks to come into the show...lol? Unless something comes up I'll be going to the show in Tulsa next weekend. Thank you basebal21 for taking time to ensure I know what to expect. |
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CCF Advertiser
United States
1533 Posts |
A collector trying to sell to the public without renting a table is one of about only two ways to get kicked out of a show. The other is stealing. Dealers pay for tables so that the public can come and buy from them. If you want an environment of trading, buying, and selling to other collectors, that is what coin clubs are for.
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CCF Advertiser
United States
1533 Posts |
As far as gifts, that is not entirely true. Lots of dealers have a junk box they let kids pick through and take 1 coin.
Someone asked about price fixing. Yes, we collude at times specifically around bullion coins. it does no good to undercut one another on common bullion like Eagles and 90% so nobody makes any money. It usually happens 20 minutes before the public comes in where dealers walk around and ask what everybody is selling stuff for.
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Bedrock of the Community
13014 Posts |
Quote:
As far as gifts, that is not entirely true. Lots of dealers have a junk box they let kids pick through and take 1 coin. I meant it as a figure of speech such as no one is going to be selling coins for below value to do buyers a favor, not in the literal sense. I should have clarified that |
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Posted 08/29/2018 3:45 pm
