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 Replies: 20 / Views: 3,149 |
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Pillar of the Community
Canada
1923 Posts |
Like you say no one wants to pay full trends but for scarce coins I don't mind but like everyone else I'm also looking for a deal. I think as for ebay it was the worst thing that probibly could of happened for coin shops, but for the buyer it was a window to the world for scarce coins that the local shops did not have and wouldn't even try to find for you. I think anyone who owns a coin shop better open there eyes and start giving top notch service to the people coming into there store. I live in Vancouver and a lot of the coin stores here could care less what your looking for and if its not on the shelf or in there show case forget it you its not available that why they don't have it. I very seldom even enter a coin shop anymore I'll buy at coin shows, online auctions and ebay and take my chances on raw coins. I think coin shops have to change there ways. Just my thoughts on it I used to spend a lot of money in coin shops. |
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Pillar of the Community
Canada
1442 Posts |
I have never bought from a coin store and never will. You're guaranteed to pay at least 50% less if you buy on ebay, Torex, or other types of auctions. I dont see more than a few coin stores in the country surviving over the next few years. |
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Pillar of the Community
Canada
1166 Posts |
I hunt for deals. A penny saved.....
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Pillar of the Community
 United States
629 Posts |
I have bought a coin at the list price that the dealer has asked for. That is different than buying it at full trends. I gladly paid the $80 for the 1955 PL set a few years ago - that was the dealer's full list. I have paid for coins at shows at the full list that the dealer is offering when I knew the coin was worth more than what I was paying. But to walk into a store and pay full trends - no, I would back off. At least I think I would - I guess it just depends on how I am that day and what my wallet can withstand.
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Valued Member
Canada
123 Posts |
I'm still new to this, but I have been visiting several coin shops in the Toronto area and shopping on ebay. I have been finding deals at both and could not choose which one I prefer shopping at most. I'm always hunting for the better deal! But I do agree with Papeldog and others , that the service at most coin stores (except 'Central Stamp & Coin') has been quite rude or terrible or the staff are just simply uninterested in helping someone...I guess I'm not spending enough $. Whatever the case, its a big discouragement to a new collector and has me turning to ebay more and more. |
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Valued Member
United States
259 Posts |
I do all the time. Why? To get the coin I want. edit: actually Colhand1 said above what I meant: Quote:
I have bought a coin at the list price that the dealer has asked for. That is different than buying it at full trends. Edited by chasinva69
06/28/2011 5:06 pm
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Pillar of the Community
United States
648 Posts |
my local coin store usually $ 5.00 less than ebay's for common silver and no shipping ;) |
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Pillar of the Community
United States
1064 Posts |
I'm the same as most others, I think. I mostly buy at coin shows, and ebay; my last trip to the show, there was a bunch of common Franklins I wanted, they seem to go for $15 to $18 from what I could see looking online. One dealer who always has a very impressive setup, like he seems to have multiple, really nice examples of every modern US coin, and he was getting $17 to $19; another, smaller, one-table guy, he seemed OK, friendly, and he was in the $16 to $18 range - I bought a bunch from him, he knocked a couple bucks off each, w/o my asking (from a thread I once read here, maybe don't ask for a deal first time?) I was happy, he was happy, and I will do business with him again. Were his prices full retail - I don't really know how to quantify that. I'm also weak, and when I want something, all good sense goes out the window. |
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Pillar of the Community
United States
7197 Posts |
Only when I buy from the mint.
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Valued Member
Canada
103 Posts |
I'll pay full price if it is a finest graded example...
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Pillar of the Community
Canada
1051 Posts |
For something I need at a specific grade that is hard to find, sure. I'll even go quite a bit over, if I really want the item. I have noticed though, stuff like the 1913 broad leaves 10c I am not willing to pay what I would have a couple years ago. Same for the RT3 10c...it is a genuine rarity, but it cannot escape the current "trends" of the marketplace.
The sale of the 1965 5c large beads/attached jewel at Torex in a lower circulated grade shows that there are always wild cards though. All it takes is a couple people that really want something, and prices can quickly get out of line with what you are expecting.
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Pillar of the Community
United States
629 Posts |
So coins that are truly rare will command top prices but then again the amount of people who are willing to fork over that type of serious money is also rare. Since these coins don't trade on a daily basis and maybe only available at auction on occasion, they will maintain their retail/trend values.
We all "bite the bullet" when if we are building a set of coins. That elusive coin that we don't have that we find hard to find is the one that we will "consider" spending close to retail so we can complete the set. With me that will be a 1948 $1. I am sure that when it's time for me to buy, the coin that I settle for will be very close to trends for that condition.
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Valued Member
United States
115 Posts |
I've bought stuff off ebay where essentially the market determines the price. I've bought from dealers at a Coin Show like in Baltimore. Just about everyone discounts stuff there. I would pick out stuff that I want and then ask the dealer what he can do on those prices, but I don't think I've ever paid full list on anything. |
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Pillar of the Community
Canada
1051 Posts |
Quote:
So coins that are truly rare will command top prices but then again the amount of people who are willing to fork over that type of serious money is also rare I wouldn't even say that. There are seriously nice, scarce and semi-affordable coins going for below book value these days. The ones that do exceptionally well seem to be the ones that a few people secretly have on their list, and are all waiting for. Unfortunately, no catalog or even population report can predict what these will be, bidding just gets out of hand and you suddenly realize what has happened. I also think there's been a massive shakeout in the last couple years that has made some of these keys easier to come by, and as a result people have become more patient. |
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Pillar of the Community
United States
629 Posts |
I was just visting ebay and saw this Newfoundland 1/2 dollar - 200623185019 It seems to be very nice and also at trends for pricing - is this an example of a coin that should be bought for that price or more? |
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Replies: 20 / Views: 3,149 |
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Posted 06/28/2011 2:33 pm
