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 Replies: 40 / Views: 7,121 |
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Valued Member
United States
124 Posts |
My local coin shop almost kick me out for bringing proof sets to sell. He told me those coins are just shinny change. That that's not what coin collecting is all about. People like you give serious coin collecting a bad name. Take that junk to a pawn shop they will probably give you face value for them. He didn't want the proof sets in his shop because he's coin shop is serious coin shop for real valuable coins.  is this true? Are proof sets the new No No in coin collecting. It's like taking a KIA car to a classic car show that has ferraris I guess he's right but why so rude he could just have told me I don't buy stuff like that here. Almost wanted to kick me out. |
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Moderator
 United States
187446 Posts |
Whether he believes it true or not, I think he could have communicated that opinion to you more politely. |
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Pillar of the Community
United States
1388 Posts |
Woah... this action is uncalled for regardless of the actual view of proof sets in the collecting world. No business owner should ever treat someone in this manner. What sort of proof sets do you have? Those from the early '50s can be worth hundreds of dollars each. Quote:
is this true? Are proof sets the new No No in coin collecting. I certainly don't think so. Plenty of people collect them, or just have a few. Quote:
I think he could have communicated that opinion to you more politely.  Oh, and  to the forum! |
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Pillar of the Community
Canada
5238 Posts |
My LCS would never have treated someone that way. I would certainly stay away from that store. Collecting proof sets is as legitimate as any other form of coin collecting. As good dealers know, you never know what else the person has to sell, or might want to buy down the road.
This might be a good test-bring in something common to see how the dealer reacts. If it is positive, then consider bringing your other stuff in.
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Moderator
United States
56855 Posts |
Time to find a new coin shop.As for proof sets,collect what YOU like. John1  |
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Pillar of the Community
United States
527 Posts |
First Now too bad a guy that owns a coin store acts like that with a customer ! I buy proof sets and enjoy it a lot , I have only silver proof sets , what kind you have ? |
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Bedrock of the Community
United States
12437 Posts |
Regardless of the perceived rudeness, the shop is quite correct that there is little to no profit to be had on modern clad proof sets in the secondary market. Collect what you want but do not expect the common stuff to appreciate in value even over the course of a couple decades. If you doubt me, look at the bid prices on modern proof sets in the CDN Greysheet- many of them are barely over face value.
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Pillar of the Community
Canada
3733 Posts |
i have a hard time believing any coin shop would almost kick someone out for bringing in something they have no need for.? the have to be a little extra kind, as the number of people who walk through their doors is less and less, with all the internet shopping. if indeed that was his attitude he won't be in business for long..
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Rest in Peace
United States
2668 Posts |
At the very least, you've always got some shiny change.  |
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Bedrock of the Community
United States
11951 Posts |
Sounds like that owner was having a bad day.
I work part time at a couple local coins shops. At those shops
there are hundreds of proof sets traded every year. Most of these
sets are not trading much above face value. There are a few that
do. When 2012, 2008 and 1999 sets come in, they do not stay long.
1996 mint sets seem to always have interest too.
The mint sells millions of sets .... to collectors every year. Is someone
thinks they are just "shinny change", to me that means they are not
very good at marketing his products.
I do believe buying mint/proof sets from the mint each year, with hopes
of them going up in value is a bad investment. If your buying sets to fill
your albums ... to me that is part of the hobby.
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Rest in Peace
United States
18456 Posts |
All the LCS's that I've ever been to ,carry and sell proof sets. Sounds like the owner of that shop is a bit of a nut job . And should not have insulted you that way. this guy is giving the hobby a bad name .  |
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Pillar of the Community
United States
3644 Posts |
Sounds just a bit crazy to me
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Pillar of the Community
United States
3644 Posts |
Is this the same dealer that offered 17$ for a 1991 ms70 silver eagle?
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Bedrock of the Community
Australia
21786 Posts |
I have long since realised that some modern coins can be hard to sell, especially if the LCS is already over stocked with particular types or series. Perhaps the LCS guy was just having a bad day, or is affected by domestic problems back home. Just lick your wounds and keep them; they will always be worth something!I have learned many years ago, not to collect coins struck after about 1950, (coins were much more relevent to circulating currency then, than they are now), and have tried develop my interests over the whole of numismatics instead. I care only to a very minor degree as to what individual coins, or what my whole collection may be valued at, AFTER each coin has been added to my collection. Perhaps I have acquired more of a museum type of attitude. |
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Pillar of the Community
United States
1192 Posts |
I would have to agree my store wouldn't treat someone like that. They would politely decline and tell you they don't need any more in stock and ask if there is any thing you like collecting haha. Go for a sale haha.
The only time I seen them short with someone was some fools who were trying to scam them with plated gold bars. It got hot enough I had to leave and the cops ended up coming and arresting them and it was in the paper. They were going town to town selling fake serial replica gold bars.
They were trying to pull the old swap scam. Let them test real gold and get a quote then tell them they will check another place. Then they would pretend to argue in the parking lot and then go back inside and they tell them they changed their mind and take their price and swap the real gold with fake gold. The issue was when they took it and then promptly tested it again.
Edited by Bertensgrad
04/27/2016 9:52 pm
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Pillar of the Community
United States
3540 Posts |
Does not matter what the person collects, but that they collect. Can be automobiles to rocks...so what!
The coin dealer is near and short sighted.
As all of you know, one series, usually leads to a couple more series to collect.
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Replies: 40 / Views: 7,121 |
Posted 04/27/2016 5:59 pm
