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First Coin Show Advice

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jizer1's Avatar
United States
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 Posted 03/29/2012  5:11 pm Show Profile   Bookmark this topic Add jizer1 to your friends list Get a Link to this Message Number of Subscribers
So I am going to my first coin show this weekend. Its a small show in Middle River Md (anyone else going?). Anyway, I could use some tips and advice for what to do / act/ ect. For example, is it considered rude or bad form to barter? I know not to crowd tables and not to wear baggy clothes, but other than that, I've never been to one. Thanks in advance!

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kookoox10's Avatar
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 Posted 03/29/2012  6:13 pm  Show Profile   Bookmark this reply Add kookoox10 to your friends list Get a Link to this Reply
Just be polite and don't get in the middle of someone else's transaction between a customer and dealer. And whatever you do, try to go into these events with an action plan in mind. Sometimes if you keep things too broad, it's going to make it harder for you to get the good deal because you're caught up in the "gotta have it" moment. And don't be afraid to cross shop the coins you want. Hope this helps.
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Tim Stroud's Avatar
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 Posted 03/29/2012  6:15 pm  Show Profile   Bookmark this reply Add Tim Stroud to your friends list Get a Link to this Reply
Just be yourself. Bartering is OK, but in the case you find what is already a great deal just take it as is. Some show dealers will price their stuff at or just above retail in order to have the bargaining room. Just remember this. These guys have money tied up in inventory, table fees, travel expenses, and in most cases hotel rooms. They have to sell a little more than normal to turn a profit, and they have to make money in order to keep doing the show circuit.
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jbuck's Avatar
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 Posted 03/29/2012  6:26 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
And whatever you do, try to go into these events with an action plan in mind.
Most definitely. Without one you can find yourself spending hours there without accomplishing much or buying more things than you really want or need.
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svslav's Avatar
United States
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 Posted 03/29/2012  6:36 pm  Show Profile   Bookmark this reply Add svslav to your friends list Get a Link to this Reply

Quote:
And whatever you do, try to go into these events with an action plan in mind.


Most definitely.

Totally depends on your personality type. I always go to these things with an open mind and see where it takes me.
And no regrets or thoughts "I better do something different next time"!
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svslav's Avatar
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 Posted 03/29/2012  6:47 pm  Show Profile   Bookmark this reply Add svslav to your friends list Get a Link to this Reply
There's only one constant in my visits of coin shows: the spending limit. I bring the exact amount of cash I'm willing to depart with, and when it's gone my shopping is done. Although I may continue to browse for a while longer (or wait for raffle drawing).
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mysilveryears's Avatar
United States
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 Posted 03/29/2012  8:27 pm  Show Profile   Bookmark this reply Add mysilveryears to your friends list Get a Link to this Reply
I have never had much luck trying to barter at shows. It's not rude to ask, but the dealers typically want you to discount your items too much. Swapping works much better collector-to-collector.
Ca$h is the universal language. Polite haggling will definitely help stretch whatever budget you bring to the show. I always ask, "Is that your best price?" Especially if I am interested in more than one piece at a particular table.
Don't forget your lens! The lighting at shows is not always the best. Good luck!
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nickelsearcher's Avatar
United States
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 Posted 03/29/2012  8:41 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
We were all in your position at one point in time ... so hoping our collective input is helpful ..

Some additional thoughts ... perhaps re-stating the wise advise already given:

Decide what coins you are after ... and limit your search to them. The first show can be overwhelming if you don't have a plan for what you want.

Be polite and bide your time at the table if the dealer is busy.

Mind your manners when handling the dealer inventory ... keep the coins above the table and handle one at a time.

Decide on the max $ you want to spend ... and walk away when that limit is reached.

Enjoy yourself ... engage the dealers ... they truly appreciate enthusiastic collectors ... and you will find 95% of the dealers willing to take the time to offer advise and wisdom.

Have a great time ... looking forward to your report after the show.

David
Take a look at my other hobby ... http://www.jk-dk.art
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sel_69l's Avatar
Australia
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 Posted 03/30/2012  08:41 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
svslav says it all.
That is the way I also operate.
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 Posted 03/30/2012  09:12 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
1. Always ask if that is your best or cheapest price. Coin shows are basically flea markets for coins. Haggling is expected. Many dealers know this and raise their prices accordingly. Many will raise their prices as much as 20% and then tell you your getting a 20% discount because:
They like you
You look like a nice person
The sky is clear
You have nice shoes.
Etc.
2. Always remember to put any cash in a front pocket. Always check to see if it is still there
3. Do not use a check or credit card for any reason. With todays camera phones, someone can easily photo your personal info.
4. Do not use a back pack. Nothing is irritating as someone walking through the aisles bumping everyone. And in some coin shows you would be told to take it off or leave.
5. Always wander around before purchasing anything. You could find the same coin later for lesser price. Of course you might miss a good deal doing that also. Tuff choice.
6. Be carefull purchasing any expensive coins that are not slabbed.
7. Try to talk to as many dealers as you can but don't make a pest of yourself doing that. If those shows are repeditive, talking to dealers may let you get to know them and they you.
8. Take along something to put any coins in such as a small Zip Lock bag. And too have a place to put that where it can not VANISH.
9. When leaving a coin show, check to see if anyone is leaving when you do. If so, go back inside to see if they do the same. Do this a few times and if they continue, find someone in charge to report that.
10. When leaving, if you drove there, see if any cars follow you out and if so, again, drive right back into the parking place. See if they do the same.
11. Look for flyers at a table for info on other shows.

And have fun.
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jbuck's Avatar
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 Posted 03/30/2012  10:46 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
There's only one constant in my visits of coin shows: the spending limit. I bring the exact amount of cash I'm willing to depart with, and when it's gone my shopping is done.
As simple as it is, I consider that an action plan.
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jizer1's Avatar
United States
214 Posts
 Posted 03/30/2012  10:55 am  Show Profile   Bookmark this reply Add jizer1 to your friends list Get a Link to this Reply

Quote:
9. When leaving a coin show, check to see if anyone is leaving when you do. If so, go back inside to see if they do the same. Do this a few times and if they continue, find someone in charge to report that.
10. When leaving, if you drove there, see if any cars follow you out and if so, again, drive right back into the parking place. See if they do the same


Thanks just carl, your list was really helpful, especially these two about safety. The last think I want is to be robbed or have my house broken into. And thank you to everyone else who responded.

I think I'll have to leave all my cards at home so I dont get into any trouble And I think my plan will be to walk around and get comfortable before I go into the fray. I'm not sure what I'm after, but I'll set the spending limit.

And of course, I'll just go to have fun!
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SilverEye's Avatar
United States
318 Posts
 Posted 03/30/2012  1:45 pm  Show Profile   Bookmark this reply Add SilverEye to your friends list Get a Link to this Reply
I say get the first purchase jitters over with early. As soon as you walk in, go buy a throwaway coin for a dollar. Offer 75 cents, so you get in the habit of at least asking to haggle. (Have those quarters ready in your pocket.) Don't spend too much time on it, buy it anyway if they refuse your lowball offer.

If you end up buying nothing else, you at least have a souvenir. Also, that will help you mentally get over the "I drove all this way, paid the entrance fee, now I gotta buy something" feeling, if that plagues you. It does me sometimes.
Bedrock of the Community
United States
20753 Posts
 Posted 03/30/2012  6:13 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
A continuation.
12. If you start or someone starts a conversation, make sure you do not give out personal information.
13. If you have a list of possible coins, try not to show it to dealers. Many experienced dealers can read your list upside down since they've been doing this for a long time
14. Do not flash large bills around. Keep your money in several different places so you do not show a lot of cash at one time.
15. Ask dealers if they have a coin store and if so, where. Get a buisness card from them if they do. You do not have to go there but it sounds a lot more like your interested in their coins. But if you do visit their store, some really appreciate that and helps to make a getter deal sometimes.
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jizer1's Avatar
United States
214 Posts
 Posted 04/01/2012  3:21 pm  Show Profile   Bookmark this reply Add jizer1 to your friends list Get a Link to this Reply
Well I had a great time at my first show. Thank you everyone the advice. I thought I'd share some pics of what I got.

My first gold coin
First-Coin-Show-Advice

(sorry blurry)
First-Coin-Show-Advice

I also got a 19433 ms64 full step War Nickel!


First-Coin-Show-Advice
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The_Duke's Avatar
United States
1745 Posts
 Posted 04/01/2012  4:59 pm  Show Profile   Bookmark this reply Add The_Duke to your friends list Get a Link to this Reply
Nice, you weren't digging in the junk bins, I see.
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