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So I Decide To Visit A Coin Shop For The First Time.

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Pillar of the Community
3484 Posts
 Posted 04/11/2020  10:11 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
If the same shop doesn't work out, try a different one. Some are definitely better than others.
Pillar of the Community
United States
1021 Posts
 Posted 04/26/2020  5:29 pm  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
My LCS is an owner and his buddy and 3 old dudes sitting at a table all day reading the paper. and talking about God knows what.

He's got stuff to sell, nothing I want because it's either well overpriced or something I don't have interest in.
If I have interest in something he doesn't have he'll order it for me with a markup, basically retail+. Not wholesale+.

All in all, my impression is he's there to buy and sell bullion at bullion prices and has some other stuff as his hobby and the store just houses his collection he over prices so he rarely has to part with any of it except the bullion.

Just a clubhouse for the owner and his retired buddies to hang out at in my opinion and when he does buy up someone's collection he's going over it all with a fine tooth comb so there's nothing to cherry pick left for anyone to try bothering.

I guess he's nice enough but I don't think he's in it for the money except from bullion. It's a small store, mostly back of store. For all I know he lives in the back and it was cheaper than renting and a climate controlled storage unit. He's also closed a lot to go to coin shows so maybe that where most of his money is being made besides buying and selling bullion which he does have decent store traffic for.
Who knows but I get the feeling his "coin' business is a hobby for him more than anything else. Every coin shop is different, same thing went for comic book shops when I was younger. Some were there to sell and build business, some just wanted to sell the stuff behind the counter at high prices or fill subscription orders for people and get out and spend their days playing D&D with their friends.
Edited by Big-Kingdom
04/26/2020 5:32 pm
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