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 Replies: 28 / Views: 4,016 |
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Pillar of the Community
United States
3155 Posts |
The bottom line is the person selling the items has to pay for his booth space. He can, and will, price items (coins included) at a price he feels he can get for them and make a profit. My dad has always told me, it's only worth what someone's willing to pay. If he/she is getting those prices for his/her coins then so be it. It's called Capitalism, I won't begrudge anyone for making a buck. If there is someone out there willing to pay that for those coins then more power to them. If they're happy with their purchases who am I to begrudge them their joy.
I've been in antique stores a lot (at least once a week). Have I purchased a coin or two at antique stores, yes, providing they are priced fairly. If they're not I don't but that doesn't mean someone else will because they thought (right or wrong) that they were fairly priced.
For those stores whose prices are to high, I just smile and walk on. Too many other opportunities to pick up those coins at prices that are fair.
Trust me, if this person selling these coins wasn't making a profit one of two things would happen, they would either close up shop or drop their prices. Simple as that. The fact that they are there means they're probably moving some coins at those prices.
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Pillar of the Community
 United States
5828 Posts |
I've been to a place were the prices were the same... Hard not to buy anything because I just started at the time, but I managed
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Valued Member
 United States
157 Posts |
Hey Gyrene, that's pretty interesting to know. And I didn't think of that angle of people actually buying them as gifts for poeople that they know collect coins. Would you mind saying around what your commission percentage was that you had to pay to the person? I'm just very very curious. I mean I know this is a coin forum, but I saw a badly used, small anvil for around $92! So I gotta imagine the store is taking half?
And SRS, that's what I was saying in my post, I left the store good feedback because of their customer service, not their prices. If ya don't like it, don't buy it. I was hoping someone on here would post maybe some "insider" info on what they were charged and such. Thanks everyone.
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Pillar of the Community
United States
7390 Posts |
The stores take 10% on average of sale prices plus their monthly space rent wich is usually around $2-3 sq/ft
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Pillar of the Community
United States
1192 Posts |
That's why I like the display cases piled full with coins they you have to sort through. You more likely to find good to great deals. Albums and piles of rolls and loose coins are the best.
Though I hate it when I have to have a employee dig through piles directing them what I am interested in. It's bad enough when they have to hover and keep the display cases lid open for ten minutes.
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Pillar of the Community
United States
4592 Posts |
Hey stacker - tl;dr...
Please break your run on paragraphs up occasionally so it's easier to read
3 paragraphs both ways of Lorem ipsum redacted prior to posting
-----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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Valued Member
United States
157 Posts |
Bstraus, I didn't understand almost half of what you wrote. I just recently left a website about coins because people there focused on things unrelated to coins and would almost attack other people based on what they wrote. I am not an English major, I am a machinist, who happens to know how to type the English language. My intro was a bit long, but in other responses I tried to break it up a bit. Mistakes happen, there's a saying I use a lot "sometimes you just gotta let some Sh*t slide".
I made it in to the USN and advanced off of a 17% advancement during the time of war and am medically retired. I'm not perfect, and will probably do it again, not on purpose, but because a 6 sentence paragraph isn't the main thing on my head. If you have about 5 full days of non stop listening I can run by everything in my life that would distract me from doing that for you. Remember my advice, might help ya someday. See ya.
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Pillar of the Community
United States
500 Posts |
I have one of these stores near me as well, and while most of the coins are indeed horribly overpriced, I have found a few bargains.
My avatar coin for one, Flying Eagle marked at $14.50 and coated in clear enamel on one side. A little acitone soak cleaned it up nicely and the coin shop I had look at it offered twice what I paid. I kept it though, it's sitting pretty in my 7070, along with three other coins from the same mall that I got for a steal.
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Pillar of the Community
United States
4592 Posts |
Stacker- you are asking for our help, make it easy to read your posts so it's easier for us to help you. Regardless of who you are - this site is about coins not English. Hit the return key an extra time or two and you'll be pleased with the results. Otherwise many people say "too long; didn't read" and you get less help! Lorem Ipsum (see: http://www.lipsum.com/)Quote:
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for 'lorem ipsum' will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like).
Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.
The standard chunk of Lorem Ipsum used since the 1500s is reproduced below for those interested. Sections 1.10.32 and 1.10.33 from "de Finibus Bonorum et Malorum" by Cicero are also reproduced in their exact original form, accompanied by English versions from the 1914 translation by H. Rackham.
There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even slightly believable. If you are going to use a passage of Lorem Ipsum, you need to be sure there isn't anything embarrassing hidden in the middle of text. All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet. It uses a dictionary of over 200 Latin words, combined with a handful of model sentence structures, to generate Lorem Ipsum which looks reasonable. The generated Lorem Ipsum is therefore always free from repetition, injected humour, or non-characteristic words etc.
Notice how it's easier to read when there are blank lines between the paragraphs (even nonsense), vs. Quote:
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for 'lorem ipsum' will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like). Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32. The standard chunk of Lorem Ipsum used since the 1500s is reproduced below for those interested. Sections 1.10.32 and 1.10.33 from "de Finibus Bonorum et Malorum" by Cicero are also reproduced in their exact original form, accompanied by English versions from the 1914 translation by H. Rackham. There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even slightly believable. If you are going to use a passage of Lorem Ipsum, you need to be sure there isn't anything embarrassing hidden in the middle of text. All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet. It uses a dictionary of over 200 Latin words, combined with a handful of model sentence structures, to generate Lorem Ipsum which looks reasonable. The generated Lorem Ipsum is therefore always free from repetition, injected humour, or non-characteristic words etc. -----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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Pillar of the Community
United States
1566 Posts |
Ease up Burton. He's new to the forum. He'll get it.
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Valued Member
United States
157 Posts |
BStrauss, I'm not gonna sit and go back and forth with you. Like Celtic said, I am new here. And I'm new here from a different coin site that I got tired of having little things put on me, and other members. My other posts are fine, I made one post that was a little long, my hands literally went above my keyboard in a "what the heck" kind of mannerism. I've been stacking for 6 years, I didn't come here for "your guys' help", I came here for the community of fellow coin enthusiasts and to talk about different coin related topics.
I'm 33, and when I started stacking I had to literally fight with coin retailers to prove I knew what I was talking about, since they see a kid and LOVE to talk down to, instead of help and provide insight to the topic at hand. I'm prior military who sustained injuries and am now medically retired. I make jewelry from scratch, from the wax molds, to melting down metal to casting and soldering.
Lighten up, please. I think you were trying to help, but I know from experience if it said 1,325 posts under my name it would not have even been an issue. Anyways, thanks everyone who took the time to respond.
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Pillar of the Community
United States
3843 Posts |
Most of the antique dealers that I have talked to with booths in antique shops/malls mark up their items at least 200%, many 300%. They purchase estates, attend auctions, and go to garage sales to get their inventories. Booth prices are quite high and then there is the percentage fee that most mall owners tack onto any sale that is made. In addition there is credit card fees, license/vendor fees, and taxes added on so the dealers aren't making tons of money like you would think, especially when their inventory isn't selling well since there isn't many customers coming into the shop.
From what I've heard flea market dealers do much better since their costs can be much lower. However it is much more labor intensive.
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Valued Member
United States
157 Posts |
Good to know Joe. This place is an actual mall, where you go in to the parking lot (big parking) it's full. There's different buildings with different stuff. One building has at least 100 different vendors. Then another building has vintage light fixtures and all. But flea market is a great idea!
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Replies: 28 / Views: 4,016 |
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Posted 03/13/2015 09:34 am
