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First Coin Show In Years.

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999fine's Avatar
United States
1346 Posts
 Posted 05/09/2015  11:07 pm Show Profile   Bookmark this topic Add 999fine to your friends list Get a Link to this Message Number of Subscribers
I attended the Grapevine Texas coin show on Saturday, my first in 4 years, second in maybe 30. Here's my observations:

1. Much was devoted to slabbed coins/silver rounds. maybe 70%.

2. I took my want list for a particular country and my inventory of 1946 coins in my collection. For the particular country I added 6 coins, the most cost $2 except one at $10

One of my purchases, 50c, the seller simply offered to give it to me. I guess he thought I was a charity case. I refused his offer as I had scratched one off my want list.

3. I looked for a 1934 Texas half dollar, and only found 2.

4. I bought a Canada maple leaf for $21.

5. I bought a cup of coffee for $1.

6. I arrived around 11 am and the noise was, well, not quite deafening, but darn loud. By 1pm it had toned down.

7. Browsing 3-ring coin books was difficult with most dealers simply due to lack of space on the table top.

8. It was a turnoff to hear dealers discussing business with other dealers directly in my presence - crappy sales, scores, snide comments about other dealers and/or customers.

9. I drove 180 miles round trip to spend $40 +/- on some coins. Lots of dealers were good in making eye/verbal contact and asking my interests. Others seemed too busy doing dealer deals to look up.

I am at home at a stamp show/bourse on both sides of the table. I felt like in left field at this show. There were lots of beautiful coins displayed, trays of gold, ancients, medals, but mostly slabs.

I am likely going to get a lot of heat for this, but I really prefer shopping online.





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BStrauss3's Avatar
United States
4587 Posts
 Posted 05/09/2015  11:57 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
I had a lot of fun at the show on Friday. But I didn't go back today.

Basically you've seen the two sides - slabbed 'quality' coins and large #s of low value well circulated coins in 2x2s.
-----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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jimbucks's Avatar
United States
4691 Posts
 Posted 05/10/2015  12:24 am  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
Good, bad, or otherwise. Thanks for posting.
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Elimist's Avatar
United States
632 Posts
 Posted 05/10/2015  12:59 am  Show Profile   Bookmark this reply Add Elimist to your friends list Get a Link to this Reply
Concerning the 50cent coin that the dealer wanted to give you I've had somewhat similar situations at coins shows but I've never really felt like a charity case. I think at shows it's kind of customary to "dicker" down the price on coins and that's just something I'm never comfortable with so a lot of times I'll give the dealers a stack of coins I've picked out that are listed for $34 (example) and they'll say something like "Thirty will be fine".

I feel like a lot of times when you go through these huge binders you might find a coin they've bought maybe decades ago, have dozens of, and haven't changed the price on their inventory or 2X2 since they originally set the price. It might be tedious but I've found some deals going through discount bins and world coin bins (which it seems like every dealer has) because they would rather just dump their extras in the bin in bulk instead of taking the time to piece it out and trying to get top retail dollar.
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westernsky's Avatar
United States
7613 Posts
 Posted 05/10/2015  01:10 am  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
999.....

You get no heat from me.

I went to the Grapevine show today, too. I had arranged to meet a dealer friend there to pick up some stuff he had for me.

After hooking up with him, I walked around the show, looked in the showcases and didn't buy anything else. Shook hands with a lot of old friends and listened to the "heartbeat" of the show. Only thing moving was bullion...collectible coins were "dead". One dealer told me he had a pre-arranged meeting to sell a few coins at the show that were multiple thousand dollar coins. He said he had sold nothing else (other than bullion)! His concern was that the "average Joe collector" (the guy that buys the 5$ to 500$ coins) has pretty much disappeared from the DFW coin market. (A bad weather day at a coin show used to be an indication of real good attendance!)

The problem for dealers in the N Texas area is that shows are held way too often. The promoters of these shows do it to make money and I understand that aspect. I come from the school that there is only so much discretionary money for coins and once that money is spent there is no new money behind it until people build up their coin funds again. Naturally, the more shows that are held equals fewer available dollars to spend at each show. The winners are the show promotors and the collectors; the losers are the dealers as their expenses stay the same with fewer sales spread out among multiple shows in the same general area.

For the collector, you go from the Grapevine (or a Dallas area) show one week to a Cowtown (or a Ft Worth show) the next week and you are going to see mostly the same stuff from mostly the same dealers. (Trust me, their inventory is not going to turn over that quickly).. Throw in several shows a year each in Mckinney/Sherman/Paris/Denton (and now Allen) and the problem only multiplies.

Having so many shows in the N Texas area is good for collectors as they can pick and choose what shows they want to attend and plan their spending accordingly.

For dealers, it's a whole different story. When you hear multiple dealers discussing "crappy sales" on a rainy Saturday there is a problem. (When I was doing shows in Oklahoma we were all praying for rain!)

I'm sorry you drove so far to be disappointed. (I'm sure throwing away 3$ for an admission fee didn't help, either!)

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NickelCollector's Avatar
United States
212 Posts
 Posted 05/10/2015  01:13 am  Show Profile   Bookmark this reply Add NickelCollector to your friends list Get a Link to this Reply
I went to the show, also. It's where I paid 2x the market value for an 1803 penny. Kinda not my best day. The Sherman shows may be a hike where I live, but there are many more diverse sellers, like some from Oklahoma
Edited by NickelCollector
05/10/2015 01:15 am
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sel_69l's Avatar
Australia
21786 Posts
 Posted 05/10/2015  01:16 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Coin shows around Sydney are easy for me to get to.

I have a permanent senior's rail ticket, so maximum cost return any distance $2.50. Don't have to worry about driving or parking, and save by not burning fuel for my car. Most shows within walking distance of a rail station, rail service to anywhere I need to get to half hourly or less.

I am not keen on slabs, but they are not all that often seen in the shows that I attend, anyway. Most shows have a good range of Australian and World coinage, which can include some nice U.S., British and ancients material (which I love), as well as notes and reasonable associated numismatica.

I am at least vaguely familiar on an acquaintance basis with most visiting dealers from all over Australia; they at least know my face. That makes it easy to talk with them over a cup of coffee, when they are taking a break. I always try to be friendly and make connections.
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jdiablo30's Avatar
United States
946 Posts
 Posted 05/10/2015  07:49 am  Show Profile   Bookmark this reply Add jdiablo30 to your friends list Get a Link to this Reply
I live in North NJ. So I am able to attend a wide variety of shows. I enjoy getting out and actually interacting and being able to hold coins in hand. I also feel I am able to get better deals at the show. CASH TALKS. I feel I do better at coin shows with saving money/ then online buying. I am able to interact with the dealer one and one and that is something you cannot get buying off ebay etc. I will continue going to coin shows as I like talking with dealers and seeing what other people have to offer. Seems like people have a couple different point of views on shows. I for one am all for them!
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BStrauss3's Avatar
United States
4587 Posts
 Posted 05/10/2015  10:04 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Westernsky- it's not just DFW. I work out of state and often spend weekends there, so I visit another cycle of shows too. Same problem of the same dealers showing a small # of new items, with mostly same old (often tired) inventory.

But it does turn over - eventually - there's a dealer (he was against the back wall, I'm blanking on his name) who bought a huge collection of commems in rattlers. I think it was over 400 pieces. I've watched him for two years and he's down to six pieces. So - from two years ago - everything in his case is new. But from two weeks ago? Not so much.

And there is always new stuff, you just have to really, really look. I bought a toned 3cs from Carter Numismatics. I'm about to post it in the newp thread.
-----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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rcfarmer's Avatar
United States
71 Posts
 Posted 05/10/2015  10:30 am  Show Profile   Bookmark this reply Add rcfarmer to your friends list Get a Link to this Reply
[quote]But it does turn over - eventually - there's a dealer (he was against the back wall, I'm blanking on his name) who bought a huge collection of commems in rattlers. I think it was over 400 pieces. I've watched him for two years and he's down to six pieces. So - from two years ago - everything in his case is new. But from two weeks ago? Not so much./quote]

Great reminder for all of us going to the same old shows or LCS. Give the dealers enough time and they will find us some gems.

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X2an's Avatar
Sweden
1078 Posts
 Posted 05/10/2015  12:15 pm  Show Profile   Bookmark this reply Add X2an to your friends list Get a Link to this Reply
To my surprise there's been a fair amount of shows in my whereabouts (greater stockholm area), two in the beginning of this year. My first two actually. Sadly, nothing else definite is coming up but there are rumours about another one in November. I found both of them to be great fun and I bought quite alot for me, a gold coins, many silvers, a new album w/ pages and a whole lot of world coins that I wanted/fell under my interest. Certainly looking forward to the next one, whenever of whereever it is.
Bedrock of the Community
United States
20753 Posts
 Posted 05/10/2015  2:20 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Here in the Mid West I have 4 coin shows a Month that are all within 15 miles of me. Each one is in a different town. all are anywhere from 30 to 100 dealers. I seldom run into rude or ignorant dealers. Usually all are rather nice and if you ask, give some decent prices. However, there is always one sort of idiot dealer around. At a coin show today I kept asking a dealer about a few Buffalo nickels but he kept almost paying no attention to me due to talking to the dealer next to him. I just walked away. At a show with well over 80 dealers I don't need to worry about one.
I just love coin shows to do no postage, handling, lost in mail, wrong coins sent, etc. You get what you see and that is that.
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Buymyemu's Avatar
United States
215 Posts
 Posted 05/10/2015  9:29 pm  Show Profile   Bookmark this reply Add Buymyemu to your friends list Get a Link to this Reply
I am heading to my first coin show this weekend as an adult, which happened before there were cell phones. Not sure what to expect, I am going to take a short list of 3c nickel wants. I was going to also look for a 7070 and maybe some flips (should I buy online?). This show might only have 16 tables, with anything bigger probably an hour away.

999: I think I will find it awkward to look through the binders while the dealer is watching me, did it seem strange?

I may be old but online seems easier.
Edited by Buymyemu
05/10/2015 10:45 pm
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publius's Avatar
United States
807 Posts
 Posted 05/10/2015  9:38 pm  Show Profile   Bookmark this reply Add publius to your friends list Get a Link to this Reply
I was there Saturday afternoon. Bought a couple of medals from the first dealer I saw when I came through the door (I hate it when I do that!), & a bunch of David Lisot's 75¢-on-the-dollar postage stamps. I also did a lot of browsing.


Quote:
Concerning the 50cent coin that the dealer wanted to give you I've had somewhat similar situations at coins shows but I've never really felt like a charity case. I think at shows it's kind of customary to "dicker" down the price on coins and that's just something I'm never comfortable with so a lot of times I'll give the dealers a stack of coins I've picked out that are listed for $34 (example) and they'll say something like "Thirty will be fine".

The Japanese have a name for that — omake, or "extra". Instead of backing down on his price, the merchant will give you more than you paid for. But I'm definitely accustomed to the coin dealer's tag price being only a starting point.
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Cascade's Avatar
United States
7390 Posts
 Posted 05/10/2015  10:30 pm  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
I have yet to go to a proper coin show and I'll be missing long beach unfortunately. I hope there's another in socal soon so I can experience one. Isn't there another long beach in august?
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Gyrene7483's Avatar
United States
1704 Posts
 Posted 05/10/2015  11:33 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply
I loved attending coin shows browsing the dealers' cases, show and tell with dealers and friends, over hearing interesting conversations about all kinds of things, finding a coin or two on my want list, buying coins that were not. Now that I cannot drive due to hopefully a temporary medical condition, I am buying all my coins online, none on ebay. I have found a few online dealers that I trust implicitly and if need be allow me to use lay-a-way plans for more expensive coins.
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