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Replies: 36 / Views: 4,303 |
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Valued Member
United States
477 Posts |
Being a newbie I'm going to my first coin show in 2 weeks. I was wondering if coin shows are like gun shows or can good deals actually be found?
Most gun shows are just that, shows not sales. Prices are jacked up so high rarely does anybody buy anything.
Do coin shows follow the same philosophy or should I expect to find a reasonable deal or two? The one I plan to attend will be in Foley, Alabama.
Rick
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Valued Member
United States
167 Posts |
If you know what your looking for and the max your willing to pay, you can find good deals. Remember two things, negotiate the the price and check the bargain bin.
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Bedrock of the Community
United States
20753 Posts |
Gun shows, knife shows, coin shows, etc are different everywhere. Some gun shows have prices far, far lower than anywhere. In most places you have to wait to actually buy the gun, but usually the best deals. Same with computer shows, electronic shows, camera shows, etc. In some areas any of those are lousy. In other areas, prices are the best anywhere. At gun shows by me the prices of ammunition is fantasticly low. And I can bring back shells for a refund. I once had $85 in empty shells. Computer shows too could be bad or great. So much depens one where, when and by who. At the coin shows by me, prices are the best anywhere. And no postage, shkpping, handling, insurance charges. No lost in mail or wrong item sent. What you see is what you get. However, as with any place, all such shows are people and people are people so expect either the best or worst.
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Valued Member
United States
134 Posts |
Yes, definitely check out the bargain bins. Some take a while to go through, but it's worth it. At just about every show I attend I find at least one or two nice bargain bin coins at prices that can't be beat. Also, most of the dealers will work with you on prices. Many still have the majority of their silver coins (I collect alot of crowns, and 5 mark/franc pieces) listed at pre-crash prices.
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Moderator
 United States
188130 Posts |
It seems that buying and selling has been priority one at every coin show I have attended. You will not hear me complain. 
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Pillar of the Community
United States
1436 Posts |
Good deals can definitely be had coin shows. I've found the best way I've found is to tell the dealer what you're looking for and what you want to spend and let them show you exactly what they have in their inventory at that $$$. If they don't have anything, move on to the next dealer...
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Moderator
 United States
16679 Posts |
Good buys can be found. Just talk to the dealer, you will get a feel of him/her. Just remember show etiquette. If someone is with the dealer, wait till the he asks if you'd like to see something, and don't lean over the table while someone is there ;)
swcoin.ecrater.com
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Bedrock of the Community
13014 Posts |
Quote: I was wondering if coin shows are like gun shows or can good deals actually be found? It varies from show to show but in a lot of ways its exactly like a gun show. There will be a lot of stuff there you love looking at and want to buy but hate the price. If its a good sized show youll probably find a dealer or two you end up really likely that you go back to time and again when the shows in town just using the other ones as eye candy for the most part. There are usually good deals, theres also a lot of bad deals. Like a gun show just because the coin is at the show doesn't mean its a good deal or not overpriced but its still fun to look at
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Pillar of the Community
United States
1200 Posts |
Echoing what was said above... all shows are different and you never know how it's going to go.
There's a 10x/year show near where I live that's made up of the same (60ish) vendors all the time. Even with that, I never know what'll happen at the next show. There were months when I had to hold back from overspending at a damaging level and there were other months when I couldn't find a way to spend a $5 bill.
The only thing that can be said is to go to the show loaded for bear, be ready for anything, know what you're doing, make prudent purchases and DON'T get caught up in impulse purchases or by that old "I may not get a chance like this one again" demon. There will always be other days. Have a good time at the show!
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Valued Member
Canada
95 Posts |
I went to my first coin show last weekend, had a great time. I started collecting Peace dollars and had a copy of the prices of what they where going for. The dealer wanted about 10 bucks more then what they where worth, after I showed him my paper he came down to a reasonable price, and even a little better on some since I bought 10 of them.
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Valued Member
United States
66 Posts |
I have learned to take a list that includes the coins I am searching for along with the grades and corresponding expected prices, and only as much cash as I am willing to part with. I often find nice coins in the grade I am searching for less than expected. Have yet to do business with a dealer that did not give me a discount if I purchase more than a single coin. If this is your first show do find a good thread on coin show etiquette. There are a couple of dos / donts. Even if you are a rookie you don't have to look like one. Also if you are looking for junk silver coins be sure to go early, there will be competition for that if it is available. And the best part, unlike ebay, you get to hold it in your hand before you decide.
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Pillar of the Community
United States
511 Posts |
Gun shows and coin shows are alike in one respect. You need to know what you want along with fair market values. Can you get good deals at coin shows? It happens frequently.
While gun shows haven't had as many bargains in recent years, it's still worth attending to get a feel for the market and find less common firearms.
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Valued Member
United States
114 Posts |
Hi! Sounds like you're off to a good start with some of the advice listed here. A few more things to help you out- - Never buy full collections at once: this not only takes away the thrill of the hunt, but A) rarely will you find a collection with the exact pieces you want, and b) it is cheaper to assemble a collection than to buy a full collection. - Know what you want; this is a toughie, but if you keep buying things and trading them up, you usually take cash out of your budget every single time. - Negotiate for the best price down to the bone; but, don't be afraid to pay a little more for a Premium Quality piece. Even if the number on the slab says the same as the other coin, NO TWO COINS ARE ALIKE: I would not hesitate to pay 5-10% more for a coin I believe I will always love. - Don't use the RedBook: even though it's a good annual indication of prices, most prices change from month to month, or even week to week. So invest in either The Coin Dealer Newsletter (Greysheet.net) or you yourself can create a database chock full of Auction Prices Realized from ebay, Heritage Auctions, Teletrade, GreatCollections, and other sites. Remember to figure in the 17.5% buyer's premium. Good luck and let me know how it went!
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Moderator
 United States
188130 Posts |
Quote:And the best part, unlike ebay, you get to hold it in your hand before you decide. I agree. I really feel the need to see my potential purchase with my own eyes and hold it in my own hands.
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Valued Member
 United States
477 Posts |
Thanks for all the tips. Other than some slabbed ASEs there's nothing in particular I'm looking for, just the best deals I can get on US silver.
One issue I have with my LCS, and I understand why, is they don't have the prices on anything in their display cases. I don't like having to ask the price on everything I'm interested in, this I'm sure bugs the help and price is pretty much the key factor at this early point in my. collecting.
I do hope the show dealers have prices posted, where I can read them. After all, I'd be much more interested in a $50 Morgan over a $450 Morgan and if the high price was posted I wouldn't waste anybody's time asking.
Rick
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Valued Member
United States
291 Posts |
Unfortunately, my experience has been that the coins at shows are more likely than not, by a large margin, displayed without a price.
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Replies: 36 / Views: 4,303 |