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Replies: 9 / Views: 1,705 |
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Valued Member
United States
160 Posts |
I am wanting to make it to a larger show this year, possibly FUN in Orlando. I'm curious if people tend to find better deals due to the large number of dealers, or vice versa? My local coin shop has a very nice 34-S Peace ms63 and I am wondering if I should hold off and pick one up at a large show.
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Pillar of the Community
United States
3184 Posts |
hold off unless its a great price....coin show prices are very competitive!
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New Member
Philippines
8 Posts |
Take time to decide, don't hurry things. If I were you, look at other opportunities. You have carried enough local coins to make big things out of it. Make a difference!
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Pillar of the Community
United States
5825 Posts |
I like the big shows because there's a good chance you'll see what you are after. But the dealers have to pay for their tables so they are less liable to give you a good price UNLESS they are doing lots of business (volume can make up for discount). But at the same time you don't have to pay for S&H (of course there's no S&H if you go to a local shop). But I suggest avoiding ANA shows. The dealers at those shows seen to have their items with REALLY inflated prices.
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Bedrock of the Community
13014 Posts |
Coin shows are like gun shows, the only guarantee is that you'll be able to see a lot of stuff. There's usually some good deals, but there's also a ton of overpriced stuff. The prices aren't any better just because it's a show.
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Bedrock of the Community
United States
20753 Posts |
From many, many years of experiences with coin shows, my opinion is the larger the show, the higher the prices of whatever they are selling. And for a good reason. A dealer that has to go to a large coin show that may last for a few to several days, usually has to get a hotel, motel room. Pay for restaurant types of food. Also, some bring family members which also adds to the expenses. If driving there or flying by plane and then renting a car, more expenses. Some actually ship their merchandise ahaead which also adds stso their expenses. Food, intertainment, etc. also adds to the cost. Table rentals at a large show too are really high and some pay as much as thousands of dollars per table. AND guess where all this money comes from. Why from sales at the shows. I've found in most instances prices at a large coin show exceed even a local coin store at times. And remember there is little haggling over prices at a large show. Why should a dealer give you a break? They well know they'll never see you again. Many local coin shows are attemded by local dealers. They usually drive there and don't have to pay for a room and food unless just wanting to get away from the rest of the family. Parking too is normally free. Entrance to the shows too is usually free. At most I've been to a table rental is about $50 and in some places less. A dealer at a small show can sell for much, much less than at a large show due to all this. By me at times there are some really large shows. I go but end up leaving with nothing. Prices for some coins are practically funny. Have to pay to get in and pay to park yet still not really worth it all except to see lots more coins than at smaller shows. I'll take a small to medium sized local coin show every time.
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Pillar of the Community
United States
3486 Posts |
Dealers who go to the big shows often travel all around the country. They bring rarely seen examples of coins. For these I pay HIGH without batting an eyelash. But for more common coins the local shows are perhaps better. In between are the regional shows, which are the best of both worlds. Thus has been my experience.
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Pillar of the Community
United States
3540 Posts |
If the Peace dollar is priced at fair market value, then buy local....for a couple reasons. If (and this is an if, not a guarantee), a STRONG relationship with your local dealer, usually, can and will open doors for you that you may not even realize were there. Not sure if you have read any of my "know your local dealer" posts, but I definitely had THE picks of what I wanted in the collections that he purchased. The only thing limited what I purchased....my budget. :)
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New Member
United States
3 Posts |
I always go to a big coin show with a few coins in mind that I really want and know what the book value is before going. I take along a few coins that I really don't want anymore. When I finally find the coin that I want I never buy it right away but come back later and never pay full price but ask the dealer what he will take for it. Then offer one or more of the coins that I want to get rid of in trade to get the price down even more. it doesn't always work and I understand that the dealer has to make a buck but dickering with the dealer is part of the fun of going to a large show.
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Pillar of the Community
United States
3843 Posts |
From some of the show reports that I've seen some dealers really live it up when on the road and of course the bill for these luxuries is ultimately passed on to the collector.
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Replies: 9 / Views: 1,705 |
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