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Replies: 11 / Views: 2,269 |
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Pillar of the Community
United States
668 Posts |
Im going to my first coin show either tomorrow or sunday. there will be 100 tables. Ill mainly be looking at Morgans and Lincoln Cents. Any advice on shopping? What to look for in dealers? Edited by zacharycash 10/13/2007 11:54 pm
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Valued Member
United States
65 Posts |
Here's my advice:
Be wary of any dealer who tries to hard sell you on any coin. You know, the guy who tells you "What you really want..." My experience has been that dealers like that are after one thing - your money - and you want the guy who is after a life long customer.
Female dealers - I have found - are always more low key and will keep you from making a mistake by pointing out flaws that you might not have seen in a coin while male dealers are much quicker to cut a price to make a deal.
The recent rise in the price of silver might have left some slow footed dealers with coins priced below melt value. Keep your eyes open!
Coin supplies are usually much cheaper at a show so bring a list of what you need to buy.
Remember that there have been billions and billions of coins minted. The one that you think "got away" will almost always be at the next show. But since you are collecting Morgansthere are a few rarer ones that might not be at every show every time so you should keep in mind beforehand exactly what grade you are looking for and how much you will pay. Don't buy a lower grade coin just to fill a hole in your album. I guarantee you will want to upgrade and will be sorry you bought the placeholder in the first place.
Finally, remember coins aren't stocks. Buy what you can afford today, not what you think it will be worth tomorrow.
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Pillar of the Community
 United States
668 Posts |
Anyone else? Also is anyone else going to the PNNA - Willamette Coin Club 3rd Annual coin show?
Edited by zacharycash 10/13/2007 8:18 pm
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Pillar of the Community
United States
2443 Posts |
Know what you want and stick with it, because you'll be overwhelmed with all the nice coins that you will see.
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Pillar of the Community
United States
2600 Posts |
Wait and buy at the end of the show. Amazing how the prices go down. Jim
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Pillar of the Community
United States
2764 Posts |
Should I buy coins from my dealer at the coin show or at his shop? What I mean is that: For the same coin, would the dealer offer better price at the coin show or at his own shop? Did anyone experienced this?
Thanks
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Pillar of the Community
United States
986 Posts |
I just spent parts of the last 3 days at the Whitman Atlanta show (after school on Thursday and Friday and most of today). I'd recommend knowing what you want and having a list, because I saw thousands of lincolns and morgans. Map out a game plan for what you want to get accomplished for the show and stick to it. Also, if you've got some coins that you're looking to upgrade, bring them along. If they're nice, most dealers will let you trade them in for an upgrade.
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Pillar of the Community
 United States
668 Posts |
will they let me take a back pack in?
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Pillar of the Community
 United States
5953 Posts |
I take a back pack with my books etc to all the shows I go to. Most of the time security will check it before you enter. Just remember you have this thing sticking out of your back when you are trying to move around the more crowded tables.
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Valued Member
United States
83 Posts |
It pays to visit and spend the most time with dealers that you do not normally see..... you can always visit your local dealer at his shop during the week.... however if you have a built a relationship with the local dealer, at least say hello to him and let him know you will be in during the week so he doesn't feel slighted...
Dealers are big boys, many times I tell my regular customers or even someone who asks whom he should see at a show to find something he has been looking for..... I dont expect to have ever sale and our goal is customers for life!
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Bedrock of the Community
United States
20753 Posts |
I go to about 3 coin shows a month. I always carry a camera type bag and no questions asked and never searched. As to suggestions" Have a list of what you want and approximate prices you are willing to pay. Do not get distracted by anything. Pending on the location, keep any large denominations of money in a safe place. Usually a front pocket if the place is crowded. Make a list of the prices based on several places such as the Red Book, Grey Sheet, PCGS web site, ebay, etc. Note there are many on line dealers for you to make such a list. Do not take credit cards or checks. you could get carried away and spend more than you want. Again pending on where you are, when leaving, check that you are not being followed.
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Pillar of the Community
United States
819 Posts |
I only get to go to one, maybe two coin shows a year. However, I carry a satchel with me, that I can sling over my shoulder. That keeps it infront of me, or to the side, so I can better navigate the crowds, and also keep an eye on my belongings. Backpacks just stay out of sight too much for me to be comfortable with them. Inside this bag I keep any reference books I might need, my list of items I want to acquire, pens and a notepad, a block of return address labels (Never know when these come in handy!), my magnifying loupe, a bottle of water (And sometimes a snack, depending), cell phone, and wallet with cash. Do Not Ever Take Credit Cards to a coin show. That's the fastest way to go broke, ever! 
Edited by ElleKitty 10/14/2007 1:05 pm
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Replies: 11 / Views: 2,269 |
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