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 Replies: 7 / Views: 1,571 |
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Valued Member
United States
459 Posts |
I've always wondered: Do Dealers have their own collection, or is their inventory their collection? I do not mean 1 or 2 coins that you would never sell, rather a group of coins of 10-20+ that you keep for your personal collection.
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Moderator
 Australia
16817 Posts |
Some dealers do, some don't.
Many dealers "evolve" from coin collectors, and their opening inventory is their collection. I'd assume most dealers just starting out can't afford to keep too much stock under the counter for their own collection.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Canada
3692 Posts |
I've also heard mixed reactions. I talked to one guy who says he doesn't have a collection. Another guy said that dealing was a way of obtaining pieces that would be difficult to find otherwise - and at good prices.
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Valued Member
United Arab Emirates
283 Posts |
Like what Sap said, it all depends on the dealer.
It's a personal choice, some do, some don't.
Personally, I do.
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Pillar of the Community
United States
1812 Posts |
Quote:
Do Dealers have their own collection, or is their inventory their collection I went from collector to dealer, and having to sell some of my favorite coins to help cover the overhead. When I closed up shop, my inventory was no longer a inventory, now it's grandpa's coins that is going to help my grandchildren pay for their college education about 10 years from now (unless they get the coin collecting bug and keep them). |
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CCF Master Historian of USA Commemoratives
United States
12265 Posts |
I've had some dealers tell me they stopped collecting when they became a dealer so as not to create a "personal collection vs. inventory" competition scenario. When they bought a nice coin, they didn't want to have to debate whether to place it in their collection or make it available for sale (and potential profit). They were also afraid of holding back too many nice coins!
Some dealers I've spoken to have told me they still collect, but only items that they don't sell. For example, one US coin dealer I know collects Swiss Shooting Talers to avoid any debate.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
United States
3486 Posts |
I have found that dealers who collected and continue to collect to be the best with which
to deal. When a dealer tells me, "I'd rather that you have the coin since I know
that you will appreciate it.", it gives me warm fuzzies.
We love to show to each other our sets and even when I do not buy on a given day the dealer tells me,
"It is as much fun to talk with you. I know that you'll buy again."
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Valued Member
United States
293 Posts |
I'm a collector that became a dealer. My perspective on it is that if I'm buying a coin that's going into my inventory and not by collection I buy if I would put it in my collection if I collected that kind of coin in that grade. Example . . . I don't collect Lincoln's in grades Good-Fine unless it involves a rare variety but I have a collectors eye for quality. That helps me on the show circuit. Fellow dealers always want to look at my stuff. I always tell people when you are buying single coins . . . DON'T BUY JUNK . . .
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Replies: 7 / Views: 1,571 |
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Posted 06/19/2013 11:22 pm
