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Are Dealers Also Collectors?

 
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Valued Member
Canada
89 Posts
 Posted 01/13/2020  1:32 pm Show Profile   Bookmark this topic Add Silver101 to your friends list Get a Link to this Message
I assume that most people who sell coins for a living are also collectors themselves however I have no idea whether this is true. I do find that some dealers have a level of interest that seems to extend beyond pure financial interest - that is, they seem to be interested in the coins and the collectors.

On the other hand, usually running a business requires a certain degree of rational detachment and, if you're really invested in these little details that could stand in the way of success.

Any thoughts on this?
Pillar of the Community
United States
1544 Posts
 Posted 01/13/2020  1:36 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
Out of the 4 dealers I know only 1 is a major collector. The other 3 are into bullion or consider the store their collection but don't actively collect. The major collector has some pretty nice coins including a 1944 steel LWC and an experimental 1999 quarter made of the same planchet as the Sacajawea dollar.
Bedrock of the Community
13014 Posts
 Posted 01/13/2020  1:51 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Some are some aren't. Some try and collect in areas they don't generally sell, some will view their inventory as their collection until something sells, others may just hold back certain things they really like. Basically all of them collected at some point if they don't anymore.
Pillar of the Community
United States
6691 Posts
 Posted 01/13/2020  2:39 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Coin shop employee here. Boss does collect, but only coins and currency from his hometown
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: http://goccf.com/t/359443&whichpage=1
If you want to buy something or sell something or just talk, shoot me a PM!
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United States
12992 Posts
 Posted 01/13/2020  3:16 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
I know many dealers that are collectors themselves , especially the ones that been in business a long time ;
25-40 years . As they buy coins from collectors and the general public they keep all the pristine gems for themselves and sell the rest . And yes they upgrade throughout their time in business if a better one comes along .
Proud Member of The Black Sheep Squadron !
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United States
5835 Posts
 Posted 01/13/2020  3:58 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
I couldn't imagine dealing in coins unless there was some base level of passion.

Same reason I wouldn't buy a pet from someone with no pets of their own, nor food from a skinny chef.
My Collections:
Roman Imperial
http://goccf.com/t/348979
Japan Type set Tokugawa + Modern
http://goccf.com/t/348999
Indo Sassanian
http://goccf.com/t/322087
Pillar of the Community
Canada
3300 Posts
 Posted 01/13/2020  5:14 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
Most of the dealers I know collect to some degree. On dealer mentioned explicitly that he chose his collecting area to avoid conflict with his customers. Another keeps stuff aside in his "secret drawer" for a period of time but most of the stuff eventually gets sold. Another tends to collect militaria more than coins.
Valued Member
United States
487 Posts
 Posted 01/13/2020  5:24 pm  Show Profile   Check yellow88's eBay Listings Bookmark this reply Add yellow88 to your friends list Get a Link to this Reply
Yes.
"There is nothing more fascinating than collecting coins, all history is summed up in them...they are the story of humanity."
W.H. Valentine (1856-1927)

eBay store: https://www.ebay.com/str/globalcoin...collectibles
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Valued Member
Canada
89 Posts
 Posted 01/13/2020  5:42 pm  Show Profile   Bookmark this reply Add Silver101 to your friends list Get a Link to this Reply
"Same reason I wouldn't buy a pet from someone with no pets of their own, nor food from a skinny chef."

I like this!
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United States
5877 Posts
 Posted 01/14/2020  7:15 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
I was an internet dealer for a long time, and still dabble at coins shows. I found that I needed to focus on 1 or 2 series and let the others go, or I wouldn't want to sell anything.

I have since pared down to just Bust Halves and I only add to my small collection occasionally when one comes down the pike that I just can't resist.
Knowledge is the key to collector success!
Valued Member
United States
163 Posts
 Posted 01/14/2020  11:06 pm  Show Profile   Bookmark this reply Add jason39305 to your friends list Get a Link to this Reply
The owner of my LCS doesn't really collect, mostly what comes into his shop. He does like anything to do with the world's fair. He has numerous tokens from Chicago and New York worlds fair that he proudly displays in the case.
Bedrock of the Community
United States
19172 Posts
 Posted 01/15/2020  10:50 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I sort of know many coin dealers from going to coin shows a lot. About half tell me they too are collectors. Others say it is just a business and have no real interest in collecting as a hobby. Those that don't collect coins are the ones that have a coin or hobby store. They say it's just a business and that is all.
just carl
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