| Author |
Replies: 11 / Views: 29,839 |
|
|
Pillar of the Community
United States
4868 Posts |
Do any of you know about Paul Sims, Inc.? There is an add on the back of my Coinage Magazine for the 1939-D Jefferson nickel for $44.95 and I was wondering if they were reliable? David
|
|
|
|
Valued Member
United States
144 Posts |
I have never personally bought anything from Sims, but I know a few people who have. Much like Littleton, Sims has been in business for awhile. They both have a good reputation, offer a money back guarantee & are somewhat overpriced. Both Co. still use the older coin grading system.
This is the second nickel question that you have asked here recently, I might suggest that you check out varietynickels.com JT has a really good site with alot of info.
|
|
New Member
United States
15 Posts |
Purchased several rolls of "BU" morgans from Sims and they were what I would, unfortunately, consider to be average for the price at the time - in other words most were MS61, MS62 with a decent number of AU sliders included. Given the price paid though, I was satisfied with the purchase and their service.
If you order from SIMS I think you can expect to get what you pay for, but I would not expect any "great" deals. As for their comparison against Littleton, I would actually give Sims a "better rating."
|
|
Rest in Peace
United States
954 Posts |
IMHO I would stay away from BOTH companies. I've seem too much junk being sent out by them. This is especially true for Dollars.
catman
|
|
Pillar of the Community
United States
867 Posts |
I've bought most of my silver Maple Leafs from Paul Sims, and I've always been happy with them. I haven't bought too much else from them so I can't really comment on the non-buillion coins. Just one Proof Kennedy half that turned out to have a nice strike-through on it. Rachel [:p]
|
|
Pillar of the Community
United States
2724 Posts |
quote: Originally posted by nds76
Do any of you know about Paul Sims, Inc.?
Would not recommend.
|
|
Valued Member
United States
421 Posts |
I have not bought from them and I have no plans to do so.
|
|
Valued Member
United States
138 Posts |
Reading this thread started me thinking...
Isn't it interesting that if you read coin world/numie news you'll see these huge ads from dealers boasting huge inventories and vast experience, yet don't ever make it to any shows and don't even have a shop...just an office somewhere that they ship out of. A customer I knew long ago actually showed up once at the office of Coast to Coast Coins in MD (I think it's MD). The door was opened a tiny crack and he was told that they were not open to the public and even though he was a repeat customer he could not come inside even to say hi for a few minutes. He was willing to spend some money but retail shopping was not allowed. Think about the mail order dealers like Coast to Coast, Sims, etc. Have you ever seen any of them at a show? I haven't, except that I've seen Littleton actively buying at coin shows but not selling.
I feel there's a huge number of people that give these companies business but never go to coin shops, never visit shows or auctions. It's too bad that these armchair collectors miss the real fun of the hobby, out in the trenches actively searching elusive dates/varieties. Perhaps they live in rural areas that have no coin shops or coin clubs or nearby shows...or perhaps they just choose not to attend...either way it's pretty sad that they miss out on meeting other people with similiar interests. The people you meet along the way are much more interesting than the coins, don't you think?
Nick
|
|
Rest in Peace
United States
2884 Posts |
tradernick, I don't know what the exact numbers are (I think about 3500 dealers) today vs. 30 or 40 years ago but most of the "Mom and Pop" coins shops around here went the way of the "Mom and Pop" Grocery Stores. I lived in suburban Chicago in the 60's,and could walk to 3 or 4 shops by my house and take a short bus trip to 4 or 5 more! I mean I could really shop, browse, hang out and learn! Some were multi- venue shops but about half were strictly coin shops. Now there are only 4 or 5 shops within 20-25 miles of home and most have very restricted hours or sell jewelry and other collectables as well. How does this stack up to others experience on this forum? Mike 
|
|
Pillar of the Community
United States
2724 Posts |
quote: Originally posted by tradernick
Isn't it interesting that if you read coin world/numie news you'll see these huge ads from dealers boasting huge inventories and vast experience, yet don't ever make it to any shows and don't even have a shop...just an office somewhere that they ship out of.
Nick there are other reasons for not having a shop. Having millions in inventory provides major security issues, cost, and overall hassles. I do not know of ANY major dealer who still runs a shop. The hassles are quite a few. First, it makes it difficult to attend the major shows as you have to close the shop 75 to 80 days per year. Office and wharehouse space is certianly cheaper than retail space. How many customers will you have to have to make up the difference? There is a huge difference between the dealers who are happy turning over a Million a year, and those who turn over Millions per month. I would not run a shop for all the money in the world. Having had first hand experience at the security issues, it is just not plain worth it today. Add this to the fact that the major dealers sell high end material that "collectors" do not buy, and what is the point? It is sad that the coin shop is dying on the vine slowly, but in this day and age, the risks are just to great for the reward for most. Now, you mention that these dealers do not attend the shows. I know and have dealt with most of them many times over the years. They are all strong floor buyers. Littleton has a table (selling) at the major shows like Baltimore, ANA, Long Beach, ect. Most of the other major advertisers are buying strong at the shows, they are just selective as to who they deal with. I do not agree with the "Pecking Order" that most dealers subscribe to, but they make a great living without the hassles.
|
|
Valued Member
United States
138 Posts |
I realize that there's good reasons for some people not to have a store. There are however many dealers with multi-million dollar inventories that have shops AND set up at shows. Look at the front row of tables at any major show and you'll see many dealers with million+ inventories, and a store back home. Also, you can see Heritage, Spectrum, Stacks and many others that are generally considered major dealers. Then there's a lot of other large dealers like Silvertowne, David Lawrence, John Hamrick, National Gold Exchange, Rarcoa, etc. Do they have corner mom and pop type shops? No. Do they operate a retail business? Well, I could be wrong but I think that all of those dealers (hmmm except maybe Stacks) have office spaces or buildings with an area for viewing, selling, & buying coins. To me that constitutes having a shop, albeit the word shop doesn't really seem to fit. I too have seen Littleton at FUN, Baltimore, ANA etc and always got the impression they were there to buy. But they're not someone that I generally do business with so I could very well be mistaken about that. I'm not familiar with a Pecking Order and didn't mean to imply that there was one. Also, my point in the above post was not to knock dealers that don't have shops. Some of the best dealers I know don't have retail shops. Personally I couldn't see myself without a shop. I tried it for a few years but missed it so much I almost went crazy. Running a shop has been the most rewarding work I've done in my life, and I've made some friendships that have endured through the years. It's the PEOPLE in the hobby that make me eager to get to work every morning. To recap the point of my above post, I just think it's odd that there's a handful of advertisers in some coin publications that try to come across as major players in the market when they have no real prescence, either retail (store) or wholesale (shows) other than to walk the floor and buy coins that they can overgrade and sell to that segment of collectors that don't (or can't) attend shows, visit shops, join clubs etc. In many cases (NOT ALL) I think there's a lot of people being taken advantage of. Nick
|
|
Valued Member
United States
146 Posts |
I have dealt with this company and they have nice item's. Maybe a little on the high end
|
| |
Replies: 11 / Views: 29,839 |
|