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What Do I Need To Watch Out For At Coin Shows?

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jakedacc's Avatar
Canada
1177 Posts
 Posted 10/18/2012  11:50 am Show Profile   Bookmark this topic Add jakedacc to your friends list Get a Link to this Message Number of Subscribers
a local hotel in the area is holding a "coin show"

i know they're very bad with "selling to them" because they buy coins and silver at crap but on the buying category, are they typically over prices?

any details?
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doubleeagle59's Avatar
Canada
2495 Posts
 Posted 10/18/2012  12:03 pm  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply
Very simple two rules for success at these hotel 'shows'.....

1. Don't sell anything.

2. Don't buy anything.
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Canada
2301 Posts
 Posted 10/18/2012  12:37 pm  Show Profile   Bookmark this reply Add nickelsguy to your friends list Get a Link to this Reply
Educate yourself. Know what grade you have/want. Know what that grade is worth. Do not get double talked.
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jakedacc's Avatar
Canada
1177 Posts
 Posted 10/18/2012  12:43 pm  Show Profile   Bookmark this reply Add jakedacc to your friends list Get a Link to this Reply
I'm going and looking for a graded silver dollar, I know the price range very well and have my trusty bible book "canada digest 2nd edition" I'm good
New Member
Old Dimes's Avatar
Canada
49 Posts
 Posted 10/18/2012  12:45 pm  Show Profile   Bookmark this reply Add Old Dimes to your friends list Get a Link to this Reply
Jake, what city / town are you in?
there is also a "rip off show" and buying event in a local hotel where I live.
I intend to go and test them today or tomorrow
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jakedacc's Avatar
Canada
1177 Posts
 Posted 10/18/2012  1:01 pm  Show Profile   Bookmark this reply Add jakedacc to your friends list Get a Link to this Reply
Cambridge Ontario
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Neil's Avatar
555 Posts
 Posted 10/18/2012  1:17 pm  Show Profile   Bookmark this reply Add Neil to your friends list Get a Link to this Reply
the dealers
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United States
619 Posts
 Posted 10/18/2012  3:00 pm  Show Profile   Bookmark this reply Add CPC24 to your friends list Get a Link to this Reply
My advice: stay away from hotel shows. Even if they're selling anything, it's way overpriced. They're probably just like most "cash for gold" scammers: they're buying, but not selling.
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North of 49's Avatar
Canada
617 Posts
 Posted 10/18/2012  7:30 pm  Show Profile   Bookmark this reply Add North of 49 to your friends list Get a Link to this Reply
Stay away, stay far away.

Note: the M.O. for these guys is usually a full page add in the local paper showing various coins and the huge price they sold for.Then they set up in the local Ramada Inn for the weekend. They use to incorporate the term "road show" somewhere in their name but I don't think they do that any more.

If you do go, be on your guard. Good luck.
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Learn More...
Canada
9866 Posts
 Posted 10/18/2012  9:54 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply

Quote:
my trusty bible book "canada digest 2nd edition

Do not use that book for pricing,pick up a copy of Canadian Coin News for Trends pricing.
Follow doubleeagle59's rules while at one of these shows
"Dipping" is not considered cleaning...
-from PCGS website
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jakedacc's Avatar
Canada
1177 Posts
 Posted 10/18/2012  11:35 pm  Show Profile   Bookmark this reply Add jakedacc to your friends list Get a Link to this Reply
Where do I find one! I've looked everywhere.
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Pokermandude's Avatar
Canada
1192 Posts
 Posted 10/19/2012  12:54 am  Show Profile   Bookmark this reply Add Pokermandude to your friends list Get a Link to this Reply
There is a world of difference between a "coin show" (which are often held at hotels) and "hotel coin buyers". The former is often an excellent place to learn, purchase coins and also sometimes not a bad place to sell certain coins. The latter you probably shouldn't waste your time visiting for any endeavour.
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