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 Replies: 17 / Views: 4,754 |
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Pillar of the Community
United States
1088 Posts |
I went to a local gun show in michigan yesterday. While looking around I found a few dealers that were also selling coins. I was in dis-belief at the prices I saw. They were selling the 1 oz copper rounds $6-10 each, 90% silver coins (pre 1964) for way more than they were worth. they were asking around $5-10 over melt value for quarters and dimes in bad condition. just crazy what some people think their stuff is worth.
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Bedrock of the Community
United States
36741 Posts |
They are trying to catch people that don't know any better.
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Valued Member
United States
100 Posts |
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Bedrock of the Community
13014 Posts |
Most gun shows have at least a stand with silver ect. But I've noticed in general prices at the shows are just going up for several reasons, and people automatically assume everything will be cheaper at the shows when its not. A local coin show around here is the same way, prices seem to jump some at the show knowing people are more likely to buy at them
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Pillar of the Community
United States
619 Posts |
I see prices like that all the time at antique shops. I found one booth a while back with rounds near melt. I bought a couple, then went back a few weeks later, and they were gone.
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Pillar of the Community
 United States
1088 Posts |
i just stood back and laughed at most of the prices, not only on the coins but on the firearms too. fun to people watch there though. no beef jerky a friend of ours owns a strain of "Jerky Oulets" here in michigan. get all of our jerky there ;)
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Bedrock of the Community
13014 Posts |
The seller at the local one by me actually usually has a fairly large collection of slabbed morgans and Peace dollars too. I dont know the prices well enough off the top of my head to know if theyre good deals or not but seemed reasonable. I generally do laugh at the price of a lot of things there though but always fun to go look around |
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Bedrock of the Community
Australia
21786 Posts |
People go to gun shows with their primary interest obviously in firearms. A few less interested in guns, but go with friends, may be a litte bored, and if they don't know silver, are primary targets for the sellers of over priced silver coins.
If you are going to buy anything substantial, know your market first, be it guns, real estate, silver or whatever anything else.
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Bedrock of the Community
13014 Posts |
Quote:
If you are going to buy anything substantial, know your market first, be it guns, real estate, silver or whatever anything else. Thats the best advice one could get it. Its amazing how many people purchase all sorts of things and really have 0 clue about it |
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Bedrock of the Community
United States
20753 Posts |
That is rather common at almost any type show. At gun shows I've seen knives, indian artifacts, jewlery, coins and many other items. And as already noted, for a good reason. For example many men bring their wives. They get bored and stop at the jewlery stands and in many instances buy something to just sort of get even. And if you like guns, you just have to have a Bowie Knife too.
So far I've never seen guns for sale at a dog show.
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Valued Member
United States
397 Posts |
We have a local gem and mineral store near where I live in a kinda tourist area of town, and I always stop in to look around because he has some awesome, but overpriced, items.
Lately I've noticed in one of his display cases in Indian Heads and Buffalo coins, along with some mint proof sets from the 70s and 80s.
While I am no expert on prices, I feel that his coin stuff is also slightly overpriced for the quality, and I think it is the same idea as what the OP is about: I think he is cashing in on the tourist aspect. Someone walks in looking around, sees the Indian Heads and thinks "That would be a fun gift to give my grandson...", and buys one or two for the overprice.
Needless to say, his store makes me want to start a gem and mineral collection if I only knew where to start.
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Valued Member
United States
136 Posts |
My guess is that the dealers at the gun show were trying to unload their coins on any survivalists attending. Some of those folks like to stash away a hoard in case things get hairy..
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Bedrock of the Community
United States
19947 Posts |
Classic, coins and guns go together, just how it is. I can't blame the dealers for trying to make a few extra bucks. They gotta eat too. Consider they may have traded a gun for their coins and now they're trying to get some impluse buys from non-coin collectors.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
1088 Posts |
Good point BadThad. Never even thought about the possibility that they traded for them
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Pillar of the Community
Canada
3692 Posts |
I probably wouldn't argue with them over the prices, though. Bad idea!
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Pillar of the Community
Australia
652 Posts |
A one stop shop for werewolf hunters....guns and silver. :-)
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Replies: 17 / Views: 4,754 |
Posted 08/05/2012 1:46 pm
