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Replies: 12 / Views: 4,624 |
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New Member
Canada
48 Posts |
Hi all,
For those from Toronto, does anyone have any good recommendations for coin shops in the GTA?
I'm looking for reputable places that offer competitive pricing for buying/selling.
In addition, does anyone have any places they like to go to look for bulk purchases or cheap buys? For example, I heard there's someone that sells coins at the Pickering Flea Market, but I have no idea what he sells or if its worthwhile to check out.
Thanks!
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Valued Member
Canada
371 Posts |
Canadian Coin and Currency... I've never been to their store, but I would imagine they're reputable dealers given their 25 years in the coin business.
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Pillar of the Community
Canada
2495 Posts |
Canadian Coin & Currency has a HUGE inventory of raw and graded material. However, paying 90% to 100% of trends (last time I was there about 1 - 1/2 years ago) is ridiculous in todays' market.
Taylor's Coins on Avenue Rd and Eglinton has a very nice selection too. Again, similar pricing, which leads me to believe 'do these vendors really want to sell their stock?"
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Valued Member
Canada
449 Posts |
I don't know about the raw at CC&C. Never seen anything out of an ICCS or PCGS holder there. Never dealt in person with Taylor, but hear from some others that he can be shifty. If you're in the west-end, just south of Bloor and Dundas (the Toronto Bloor and Dundas, not Etobicoke) there's a great little store there just south of Bloor. It's on the east side of Dundas in the bottom of a little office building. Great selection and prices, lots to look at. Can't remember the name. PM me a little later and I'll try to find the name for you.
Edit: I can't spell....I guess huked on foniks werked fer me
Edited by secoinedchance 03/08/2012 6:23 pm
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Pillar of the Community
Canada
3692 Posts |
Secoinedchance: Explain what you mean by "shifty". I've dealt with this place for some time now and I've never known him to be dishonest. So tell us what you've heard because I'm guessing that they bought something of which they had no knowledge and thus overpaid, is my best guess. All you heard so far is a broken telephone conversation, so we need unbiased details. If you haven't dealt with him you can't really comment on the matter, sorry.
There's a high-end store in Richmond Hill, but they're not exactly collectors themselves. They just buy and sell what they know. They buy jewelry, though. They pay pennies on the dollar for your coins. They mainly deal in bullion, but in this aspect they are reputable. The bad side is that you can't really haggle with them and they treat you like muck sometimes - they're just covering their behinds from potential losses.
It's all about knowledge and what you know.
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Pillar of the Community
Canada
3692 Posts |
As to the high prices: you don't want to undervalue any industry as a whole. It's nice to get deals from time to time, but undervaluing stock puts everyone at risk. On the one hand it destroys your competition in the short-term, but in the long-run the public views the industry as "cheap" or low-end and will destroy the industry altogether. You don't want either because you need competition; it creates a smart consumer and specialization of categories. Start lumping everything together and on the cheap, and in the end there's nothing of value anymore. One dealer will pay more for a certain type of item because s/he's more knowledgable on the subject and can move it with ease. You can't know everything, and knowledge comes at a price.
(I hope that explains the issue.)
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Pillar of the Community
Canada
2495 Posts |
I've done business with Sean Taylor of Taylor's Coins and found him to be honest and ethical.
On the wrong day, he can be a little grumpy and abrupt but I'm sure not perfect so I won't hold that against him.
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Valued Member
Canada
449 Posts |
A friend was wanting to purchase some coins and sell some coins. Apparantly when they had worked out a deal, Mr. Taylor abruptly changed his price as the transaction went to the cash register. The value of the coins went down and the purchase price of the coins went up. Hence what I call "shifty" or in other words the price "shifted". My friend is not in town at the moment, so I cannot verify the details, nor would I name names and all that, but this is what happened.
And Libertad, my stance on what you are talking about with undervaluing goes both ways. I don't mind paying (well I do, but that's why I tend to buy nothing but raw coins) for a high end example of the coin I want, but it just seems as though coin shops will never, ever tell you that the coin in your hand sure is a nice looking MS coin. The negativity starts almost as soon as you take the coin out of your case and show it. I find this especially at the bigger stores. So, to undervalue the coins that come into the store for purchase, is the same as undervaluing the coins that you have for sale. The old adage "Buy low, sell high" is really true. I am no one to tell a business how to or what to do for their business. But I would do it a tad differently then what I've seen as far as what the stores are doing right now.
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Valued Member
Canada
153 Posts |
the old guy in bloor/dundas West coin store that "secoinedchance" mentioned is VERY DIFFICULT to deal with!
He always ask "do you have cash?" when you ask to take a look at his coins. And the price is HIGHER than others. e.g. a 5oz Russian silver coin he ask 200% more than the catalogue price.
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Moderator
 Canada
10463 Posts |
B&W Coins in Brampton is one of the better coin shops I have visited. Good lighting, tons of inventory, lots of big, well-sorted bins for cherry picking, lots of modern (post-1967) coins in their inventory and they always have boxes of brand new rolls of all denominations from the mint for sale. I brought one of my Ottawa friends there, who collects Twoonies, and he was amazed at all the Twoonies available to look through. My favourite thing about that store is that it has quite a selection of numismatic literature for sale. I picked up my copies of the Griffin reprints there.
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
3692 Posts |
B&W Coins is my favorite, bar none. Problem is it's so far away you really need a car to get there.
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Pillar of the Community
Canada
2427 Posts |
Bloor and Dundas store which I will not name...probably not a good idea to go there.
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Valued Member
Canada
449 Posts |
I decided to go to Taylor's Coins to check it for myself, and I have to say, the incident I spoke about must've been an isolated one. Had a good conversation with Sean, spent about half an hour in the store and had to leave before I went on a major spending spree. As it was, I bought a 16x loupe, a mixed bag of world coins, a shin-plaster 25C note, a Canadian nickel album 1922-1960, 2 Canadian small cent albums, American Wheat cent albums 1 and 2 and 7 rolls of wheaties. As my sig states, "Social drinker with a coin problem" Oh, and I almost forgot the Buffalo nickel album too, including a 1927-S
Edited by secoinedchance 03/16/2012 07:35 am
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Replies: 12 / Views: 4,624 |
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