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 Replies: 20 / Views: 2,594 |
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Bedrock of the Community
United States
10284 Posts |
Theres probably a better way, maybe by buying mint sets if you ask and are allowed to gently open them and look at the IKES inside. You might get the whole set and sell off the individuals to cut your costs.
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Pillar of the Community
United States
608 Posts |
No one should pay the asking price...always make a lower offer and if not accepted just walk away. That's part of the game and the fun of finding the coin you want at the price you are willing to pay!
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Pillar of the Community
United States
632 Posts |
I just went to a coin show yesterday, and yeah, the prices are sometimes annoying.
I was looking for some IKES and some Jeff nickels to finish up those two sets. Plenty of tables to go to to look for them, but like one guy was selling circulated IKES in 2X2's listed at $8.00 apiece. Like, ok.....why are they so expensive? Their definitely not worth that much.
I went to another table to look at Jeff nickels. This guy didn't have one nickel he didn't have graded under EF, but they all were crap nickels that you would find in beat up pocket change. I think he thought that if you could read the mintmark and date, it must be EF, and that he could sell it for $3.00.
As for the list price not being the actual price, thats always kind of annoying for me for several reasons. I'm used to buying things from stores and resteraunts and stuff right? I mean we all are used to knowing the price of something before we buy it, I don't really want to guess what I'm going to pay. And its a double edged swored. I've had plenty of times where I will take 5 coins in 2x2's to the dealer and the prices on the 2x2's ad up to $15 and he'll just be like "I'll let you have it for $10". Thats awesome! But then I've also had it where I've taken coins adding up to $15 to the dealer and he'll ask for $20, and when I ask whats up they always say they were old 2x2's or that he was adjusting to silver prices or something like that.
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Pillar of the Community
United States
2335 Posts |
My pet peeve about dealers coin prices is that they aren't the same across the board. Many dealers will give a better price to what I call "vest pocket" dealers than they will to someone that looks like a retail customer. It's like they think if you aren't a dealer you don't have any idea what a greysheet is for.
I have seen dealers offer a coin at one price to a customer who doesn't buy. I come back to that table 5 minutes later after the customer moves on & ask about the same coin. I'm quoted a price 20% higher. I walk, & also make a note not to deal with that seller in the future.
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Pillar of the Community
United States
1353 Posts |
Went to a coin show in central NJ today. I went abouth 3-4 months ago looking for bust 1/2 dimes. The show was basically dealers talking to other dealers. They were friendly in general but their inventory for what I was looking for has not changed;and neither has their final asking prices.
On a good note I noticed a couple in their late thirties show a dealer about 20 Morgans g-ex.f. They have been given these by a relative and wanted to sell them. The dealer told them they were common dates in circulated condition and to hold onto them for the silver content. Second dealer spent about 1/2 hour with a young boy(10-12)
explaining silver quarters versus clad quarters. It was very nice to see that. It looks like the basic buying and selling has slowed down since my last visit.
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Moderator
 United States
16679 Posts |
Quote:
On a good note I noticed a couple in their late thirties show a dealer about 20 Morgans g-ex.f. They have been given these by a relative and wanted to sell them. The dealer told them they were common dates in circulated condition and to hold onto them for the silver content. Second dealer spent about 1/2 hour with a young boy(10-12)
In a nutshell, that should be what it's about. Sounds like a genuine dealer helping out everyone across the board, not just the high end customers. I've walked up to dealers I've never met who don't know me from anywhere. I dress very casually with a ball cap and on occasion, a 5 o'clock shadow. Seems like they ignore me and concentrate on customers who arrived after I have. I just move on. No loss for me  swcoin.ecrater.com
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Bedrock of the Community
United States
20753 Posts |
Missing the point of a coin show. You must remember that coin shows, gun shows, knife shows, etc are basically just specialized flea markets. Coin shows basically work on the same pricipal of selling a house. You ask for xxx, the potential buyer says much lower, you come back with a little less, they come back with a little more and on and on until everyone is happy. Dealers at coin shows expect you to haggle prices so they inflate the cost accordingly. If, for some reason, someone pays the inflated price, so much for the profit. Just like a flea market, you are never, ever, supposed to pay the asking price. This is why at coin shows the prices appear to be so excessive.
I go to from 2 to 4 coin shows a month. One dealer I know real well tells me he inflates all prices by as much as 20%. Every potential customer is greated with an immediate 10% less price due to "Just for you" or "I'm trying to unload those so" or I think your a potential steady customer so" If this doesn't get them, then the price is dropped to 15% off. Customers see there is a haggling situation going on so they offer 20% off his asking price. He accepts and gets his original desired price and the customer walks away thinking he is a real sharp buyer.
I'm always suprized at how many people don't realize this. It is done at car dealers, house purchasers, gun shows, computer shows, camera shows, etc.
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Pillar of the Community
Germany
1063 Posts |
I went to the large Vienna coin show at the weekend. I always look out for US coins, and there were a few US dealers. But there was one guy from the US, sat at a table with a few thin books and not much else. I wondered how such a guy could make money. Then I heard him speaking with some other people, turns out customs in Austria, or where ever he had flown into, had decided to not let his coins into the country, and so he sat there, with nothing to do. That is a frustrating coin show experience! Flying all the way from the US to Vienna, and spending all weekend doing nothing! |
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Pillar of the Community
United States
1541 Posts |
Why are the IKEs so expensive? Like NickelDan mentioned, I've heard comments like they're ugly coins, no one wanted etc. if so why is it hard to get. This should be a set that's relatively easy to put together going by the comments.
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Pillar of the Community
United States
1231 Posts |
With over 600 million made....where did they all go? Did the mint destroy them after people stopped using them?
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Pillar of the Community
Canada
1248 Posts |
Hello Augsburger,
It is obvious that Austrian or EU customs would have let him bring his coins had he made a proper declaration and provided a list with it. he obviously came to Viennna to sell his coins.
Or at least that is what I assume. As you well know, it is not a matter of import duties with coins, but it is a matter of MWST of up to 20% of the selling price.(GST). I am also sure that customs would have done nothing if tyhe guy only had a couple of dozend coins or so. Or if he had Gold coins, as there is on most NO MWST. Never a problem. But as a dealer it is a different story.
They want their loot, I. e. mehrwertsteuer...
i have taken coins to Europe many times, even several hundred in albums.. and the most problems I had was checking in with cary on luggage. they wanted to see the little round things. But it was fine and they were ok.
HHB
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Pillar of the Community
United States
2520 Posts |
6 or 7 years ago I could easily get some from my bank. I had hopes of picking up a dollar slot machine so I needed to get a bunch. Unfortunately my ex got hold of the bulk and put them into circulation. (I did get a 1973 and a 1976s clad from circulation). Now I ask at the banks and all they ever seem to have are Sacagawea and the presidential. Seems like even the SBA's are harder to find. |
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Pillar of the Community
United States
1882 Posts |
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I just went to a coin show yesterday, and yeah, the prices are sometimes annoying. Jarred, I was there from about 1 to almost 4. I was probably too focused on the tables to notice you and your hat. |
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Pillar of the Community
United States
2589 Posts |
The bank I used to work at consistantly kept a small but evergrowing stock of eisenhowers until I started working there, then I bought them from the vault and every ike that was deposited there until I left. I managed to put together a set including every business strike except for the 73 p and d. I even found 2 silver clad 1974's. I would suggest going around to several local banks and asking for them. I've found several uncirculated pieces at banks and I'm sure with a little luck you could find the same.
-XoG
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New Member
United States
24 Posts |
Ikes are out there. It seems like most tellers have no idea what they are and/or have no idea what is hiding in the vault. As when looking for halves, I have the best luck going in at a slow time and talking to the middle-aged tellers. I wound up taking home 99 realy nasty Ikes a few weeks ago; they were in a fire and are fit only for circulation. But last week, found a few in AU/MS just sitting in a teller's coin caddy. The local coin shop has a box of XF/AU Ikes for $1.10 each.
Happy hunting,
Tom
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Replies: 20 / Views: 2,594 |
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Posted 05/17/2009 10:57 am
