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 Replies: 24 / Views: 4,070 |
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New Member
United States
37 Posts |
I just returned from vacationing in Chattanooga. My wife loves antiques, so we dragged our 2 year old through every Antique shop between Memphis and Chattanooga. Anyway, in each of the stores that had coins, the dealers had them listed ABOVE the greysheet ask prices. What's up with that? For example, a common date 1964 Washington quarter was anywhere from $2 to $5. Do these guys put them out and hope a sucker eventually comes along and pays that? Or do they actually sell the coins at these prices? If so, I need to set up a booth somewhere. Anyone have any feedback on this? Jason |
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Pillar Of The Community
3147 Posts |
They are waiting for someone with absolutely NO knowledge of coins. Just like the Home Shopping Network and anyone else who advertises on TV and in the newspapers!
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Pillar of the Community
United States
7123 Posts |
Volfan
I have found that if you show some knowledge of coins , that some antique dealers, Junk stores , collectables shops, will sometimes entertain offers, Did you make offers ? especially those that just have a coin or two laying around, the ones with more inventory are more than likely not going to budge .
Rick
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Pillar of the Community
Australia
1091 Posts |
I suspect that most Antique dealers have very little idea of the value of the coins. They see the date and if it's old, well it must be worth something. The condition of the coin hardly comes into it. A common 1964 quarter, would have the huge selling point that it contains Silver! Wow, that's gotta be worth a couple bucks.
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Valued Member
United States
138 Posts |
Many antique dealers that don't specialize in coins aren't familiar with greysheet prices. They likely get their pricing info from Coinage or Coins Magazine or some other high retail type publication. Nick |
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Pillar of the Community
United States
7123 Posts |
quote:
Originally posted by tradernick
Many antique dealers that don't specialize in coins aren't familiar with greysheet prices. They likely get their pricing info from Coinage or Coins Magazine or some other high retail type publication.
Nick
Most times when I go serious junk store ,antique store, second hand store looking, I carry the Blue book with me , and my offers are generally about 10 to 15% above dealer buy prices. Sometimes they sell sometimes they dont !! Rick |
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Valued Member
United States
160 Posts |
I believe half of these dealers know the value of what they have and the others have no clue. My son picked up a couple of what were called gold neclaces for $.50 each, they turned out to be electro plated Peace dollars, a pretty decent find. I think if you look good through the junk, ther are a lot of nice things to find. |
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New Member
United States
13 Posts |
I just saw some 1922 Gold Certificates (1 $10 and 2 $20) 2 in VG
and one $20 may have been Fine with asking prices of $800, $1200, and $1600. Incredible. Trouble is, some unknowing civilian may buy one or more of these.
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New Member
United States
13 Posts |
I just saw some 1922 Gold Certificates (1 $10 and 2 $20) 2 in VG
and one $20 may have been Fine with asking prices of $800, $1200, and $1600. Incredible. Trouble is, some unknowing civilian may buy one or more of these.
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New Member
United States
13 Posts |
sorry bout the double post.... I don`t know how I do that.....
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New Member
United States
8 Posts |
quote:
They see the date and if it's old, well it must be worth something.
Sounds like there may be an opportunity with the clueless dealers: if they're posting a SWAG price on old coins, there's a good chance they're assigning way too low a price on more expensive coins as well as too high on the more mundane issues. |
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Valued Member
United Kingdom
188 Posts |
quote:
Originally posted by bzcollektor
I just saw some 1922 Gold Certificates (1 $10 and 2 $20) 2 in VG
and one $20 may have been Fine with asking prices of $800, $1200, and $1600. Incredible. Trouble is, some unknowing civilian may buy one or more of these.
It all comes down to the same point, read the book first. Who's fault is it really? The dealer/seller for hyping it, or the collector/buyer for going with the flow and not having enough knowledge to know otherwise. Knowledge is power. If you don't know a thing about what you're buying then 'buyer beware'. |
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Pillar of the Community
United States
7123 Posts |
Knowledge is power. If you don't know a thing about what you're buying then 'buyer beware'.
[/quote]
I agree with this statement !!
Rick
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Pillar of the Community
United States
867 Posts |
The dealers that always crack me up are the ones who have clearly modern Avon bottles and baseball cards in amongst their "antiques" I usually see this at the yearly antique show at the local mall. Sometimes there's some good stuff there, but usually not.
Rachel [:p]
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Rest in Peace
United States
2884 Posts |
I have never found any coins worth the asking price at an antiques shop. I ran across some circulated Morgans in a junk store in Virginia that I bought (10 common date coins) for a little over melt. I used them as swappers and part of my old silver stash. That's the only time, and I forgot about it until this thread! Mike  Edited by Mike
07/04/2005 9:31 pm
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Pillar of the Community
United States
1151 Posts |
Most antique dealers are more collectable dealers than true antique dealers. By definition, an antique most be at least 100 yrs old. I use to own an "antique" shop and did have coins in a case. Like anything else you sell, you should do some research and price accordingly. Most items in these shops have prices that are higher, because dealers know that buyers will make offers, so items are priced slightly higher.
In order to attract a wider market into these shops, items from modern reproductions to true antiques are displayed. I've been collecting for over 20 years and the number of items I have bought in an antique store can be counted on one hand. I typically gat my best deals at flea markets, auctions, garage sales, and from dumpster diving.
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Replies: 24 / Views: 4,070 |
Posted 07/03/2005 11:11 pm
