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Where Do You Get The Majority Of Coins/ Currency For Your Collection?

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Pillar of the Community
United States
4182 Posts
 Posted 08/29/2021  7:58 pm Show Profile   Bookmark this topic Add hfjacinto to your friends list Get a Link to this Message
Poll Question
I've been thinking about where we all get the majority of coins and currency for our collection.

My current and future major purchase place for coins and currency is my local coin shops. I'm able to actually look at my purchase, the prices are better than most other sources and I can generally get items saved for me.

My next major source is other internet retailers not eBay and the reason for this is again pricing. On average the prices are better at these shops than eBay.

eBay comes in 3rd at around 20% but as the majority of my slabbed coins as it's really convenient , but with generally higher prices .

The other sources are less used. On currency where I have more accurate records 50% is local, 45% internet retailers and 5% from another forum.

On coins I'll say in raw 95% is from local and 5% other internet retailers.

But on slabbed coins eBay is 50% while local is 30% and 20% other online retailers.

So for me the majority is local coin shops but where I'm located I have 6 close by and another 4 within 45 minutes so I have a lot of choices.

How about you?

Poll Choices
 eBay
  Local Coin Shop
  Other internet seller (not eBay)
  Great Collections
  Other internet auction not eBay or Great Collections
  This forum (Coin Community)
  Other coin forum
 Trading
 Circulation
  Coin Roll Hunting
 Inheritance
  Trade/coin shows
  Anything not listed above

Pillar of the Community
United States
4182 Posts
 Posted 08/29/2021  8:04 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
I forgot to mention I also got a small inheritance and a few kind and generous collectors gave me some coins/currency so I really appreciate those items, and I try to be generous by giving out lots of the duplicates I have.

The inheritance while nice was small but it did cause me to complete a few sets as they were started (walking liberty and ASE as an example). But these don't change my local coin shops providing the majority of my collection.
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 Posted 08/29/2021  8:05 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
In order of importance, I buy from web dealers I've dealt with for a long time, Heritage, Stacks/Bowers, and my local coin shop. I no longer buy on eBay, once a major source, because they persist on charging me sales tax even though such purchases are exempt in my state. Trying to deal with eBay on an issue like this is like talking to a door.
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Australia
19088 Posts
 Posted 08/29/2021  8:34 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
In terms of value more than 50% of my collection was sourced from specialist numismatic public auction.
Nevertheless,
in terms of the number of coins in my collection about 80% of them have come from dealers at coin shows or on their premises,
and
about 15% of them have come directly from circulation.
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 Posted 08/29/2021  8:46 pm  Show Profile   Bookmark this reply Add Ty2020b to your friends list Get a Link to this Reply
Mine tend to be fairly evenly split, and of course Covid has changed a lot of this. Pre covid, a good majority of mine was my LCS, with smaller purchases on EBay. Other local purchases, including coin shows as well.

NOW, I haven't been able to pick up anything at my LCS in over a year and only hit one coin show since Covid. Most of my purchases have shifted to online; EBay, GC, and a few on HA. A decent number from other dealers as well, some of which sell on eBay, but have completed transaction OFF of eBay when at all possible.

And coin roll hunting has helped fill inexpensive sets before and during covid (though tougher lately).
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 Posted 08/29/2021  9:31 pm  Show Profile   Check Yokozuna's eBay Listings Bookmark this reply Add Yokozuna to your friends list Get a Link to this Reply
I'm in with "All of the Above," but I got most at a LCS back in Dallas, Texas. That shop was the best I've ever seen! I would spend hours just looking at the coins. They would pull the trays out of the display for me to look through for as long as I needed. They were great!

I also went to Heritage Galleries as they were about a mile from my workplace, but that was viewing one coin at a time.
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Edited by Yokozuna
08/29/2021 9:43 pm
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 Posted 08/29/2021  9:49 pm  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply
I collect pre-1800 European coins.

My sources in 2021 have been European auction houses (87.5% by number of coins), MA-shops a distant second (8%), and eBay (3%) pulling up the rear.
Edited by tdziemia
08/29/2021 9:59 pm
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5568 Posts
 Posted 08/29/2021  9:52 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Like many collectors, my sources are a wide mix--coin shops, coin shows, roll hunting, and ebay (mostly cherry picking on ebay--not high volume, not high $$$).
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 Posted 08/30/2021  01:59 am  Show Profile   Bookmark this reply Add PNWType to your friends list Get a Link to this Reply
Coin shows are my preferred place to buy and are what I save up for throughout the year. Here in WA we don't have too many big shows, so I just have to go awhile without buying sometimes

I visit my LCS but they often don't have much of what I'm looking for. I prefer not buying online unless it's a low dollar coin because I can't truly see it before buying.
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Australia
13849 Posts
 Posted 08/30/2021  06:32 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
I am a volunteer for a missionary charity that collects stamps and sells them to raise funds for missions. I am "the coin guy"; any coin collections that get donated along with the stamps come to me, and it is my job to attempt to sell them, raising as much money as possible for the mission.

More often than not, this means me buying the coins for my own collection - if they are coins I do not already have, or which are in considerably better condition than coins I already own, then I will buy them.

I currently have 14095 coins in my collection. Of those, 2295 of them (that's 16.3%) have come from this charity.

Local coin shops, as a whole, would probably exceed this, but no single coin shop even comes close. My top dealer count is 503 coins, and that dealer has since retired so that count won't be going up. It's difficult to be sure, as I only record the dealer I bought it off, not whether I bought it at his shop, or at a coin show the dealer also attended.

Of my "top six" dealers, four have now retired, a fifth has been forced into early retirement as COVID has killed off the international travel that was core of his business model, and the last one is 1000 kilometres away in my mum's hometown.

I should perhaps also point out that 1859 of my coins were purchased/acquired before I started keeping meticulous records of where I purchased them from.

I should also point out that the vast bulk of these "charity coins" I've bought are cheapies, the kind that a dealer would put in their "10 cents each" or "three for a dollar" bucket. If one is talking about amount of money spent, rather than a simple coin count, then the local coin shops win, hands down; the missionary charity comes in sixteenth place.
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Russian Federation
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 Posted 08/30/2021  09:21 am  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply

Quote:
I'm not sure if that's the correct ratio (it probably isn't), but in my mind it groups like this: 85% local coin stores and shows (including "local" stores/shows in areas I happen to travel to), 8% gifts from my father (not sure if that counts as inheritance, donations, or something else), 4% other gifts, 2% roll hunting, 1% online (not eBay).

The last 12 months had a lot more gifts from father and a lot less LCS visits than usual, but I think I still got much more stuff from the stores than from dad. (Seriously, why does he keep giving me random modern coins? Half the time I already have those anyway.)
Written in January 2021, and mostly still true, though somewhat mislabeled because the linked thread had a slightly different classification.

In the classification here, it's hard to say what counts as a coin shop vs. a coin show in places like Hobby City that could have a dozen or more nominally individual coin shops in different rooms/storefronts under the same roof.
Vernisage's more of a show than a shop but it's really even more of a flea market? Taganka ditto. I have been to some actual shows, which are a good source for higher-end items, but the loads of cheaper stuff tend to come either from Hobby City or Vernisage.

I voted "local coin shop" but mostly because I hadn't noticed the "coin shows" option. Though really I tend to think of the Vernisage as a bunch of local coin shops that happen to be only open on weekends.

As for the rest of the list, "other gifts" were almost entirely via CCF, while "roll hunting" was a combination of actual roll hunting (2008-2012, mostly) and later circulation finds. Not eBay was also not GC; in fact what I remember was mostly Molotok (a now-gone Russian eBay competitor that had mostly been succeeded by Meshok).
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4195 Posts
 Posted 08/30/2021  11:38 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
Metal detecting - not listed - Silver dollars, hundreds of old silvers, dozens of 1800's coins, 1,000+ wheat pennies and on and on.
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Dirt fishing since '72
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104754 Posts
New Member
United States
43 Posts
 Posted 09/01/2021  10:50 am  Show Profile   Bookmark this reply Add shooligan to your friends list Get a Link to this Reply
I mainly buy at online coin auctions and in person auctions. This has replaced my buying from online dealers.
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15958 Posts
 Posted 09/01/2021  1:20 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
So far , I'm with the majority with Coin shows , but I used to buy and bid from e-BAY in the past .

In Memory of Butch L.
and Jim U. rest in peace .
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Australia
1851 Posts
 Posted 09/04/2021  8:11 pm  Show Profile   Bookmark this reply Add Mr T to your friends list Get a Link to this Reply
Mostly ebay just because it's always available unlike coins shows and coins shops.
Still a bit from change and coin rolls though.
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