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 Replies: 11 / Views: 1,819 |
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New Member
Slovakia (Slovak Republic)
3 Posts |
Hi everyone,
I will be visiting US in january could you please recommend some coins/ banknotes dealers in New York City and New Jersey. I am looking for Brick and Mortar shops dealing World coins / banknotes.
Thanks a lot for any recommendation
Peter
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Bedrock of the Community
United States
17884 Posts |
If you're going to be there this weekend go to the NY International Numismatic Convention Jan 8 - 11 at the Waldorf Astoria. 116 dealers in world and ancient coins.
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New Member
 Slovakia (Slovak Republic)
3 Posts |
I am going to visit NYINC, but I was hopping there are pawn shops or brick brack shops dealing coins in boxes - world coins, silver.
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Pillar of the Community
United States
3486 Posts |
Vitajte!
With the price of silver so low dealers do not always bring all of their coins to a show. You might therefore ask a dealer, "Do you have a store?
Banknotes are easier to transport.
At a large show dealers will bring their most easily salable coins and notes.
And it will be helpful if you can be more specific in your wants. This way you can narrow your search.
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New Member
Slovakia (Slovak Republic)
3 Posts |
Holy Roman Empire - Austria, Hungary and Central Europe countries , I hope I could find something to fill collection.
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New Member
United States
37 Posts |
I too am planning on attending the NYINC show this weekend. This will be my 2nd show. Was wondering do the dealers take credit cards or they just deal in cash?
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Pillar of the Community
United States
3843 Posts |
Quote:
Was wondering do the dealers take credit cards or they just deal in cash? From what I've heard most dealers like to stick to cash since credit card processing fees will eat into their profits. There are usually ATMs nearby or in most convention centers.  to CCF! pepiak & 12coins12 Edited by Joe2007
01/05/2015 8:39 pm
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Pillar of the Community
United States
5854 Posts |
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Pillar of the Community
 United States
4593 Posts |
Last time I was @ Stacks (2 years ago) their retail presence was minimal. They had a few pieces, maybe 20 or 30. I asked the staff who indicated that the younger staff was trying to bring back the retail effort. This was just before the 57th Street Collection, so it could have changed - I would call first.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Bedrock of the Community
United States
17884 Posts |
The problem with having a B&M shop in NYC is the sky high real estate and rental costs. If you are well established and selling high end material you aren't likely to be able to make enough profit to cover the rent. A 1BR apartment rents for $1500 - $3000 a month. A business store front will go for a lot more.
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New Member
United States
37 Posts |
I agree with you Conder, but NYC has 4 more boroughs than just Manhattan. Retail rents in Manhattan south of 110th street are insanely expensive right now, possibly pushing in the $70 to $100 per SF and more in some areas. Outer boroughs (Brooklyn, Queens, Bronx, & Staten Island) are greatly reduced.
I am just starting to get serious about collecting, but have not found any B&M locations in NYC yet, otherwise I would recommend some. Most of my purchases are from the internet.
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Bedrock of the Community
United States
17884 Posts |
The Rent I quoted was an average of the other boroughs. Manhattan was well over $3,000. Even using 12coins estimate of $70 per square foot, if you have a 15 X 20 store front and you have a 20% average markup on your coins you would have to sell $105,000 worth of coins a month just to pay the rent.
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Replies: 11 / Views: 1,819 |
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Posted 01/05/2015 1:44 pm
