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 Replies: 12 / Views: 1,910 |
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Pillar of the Community
Canada
1461 Posts |
Poll Question
Going back a few years, there was quite a discrepancy between prices online vs shows (shows materialized much better prices for dealers/sellers). I'm guessing for a couple of reasons. Coin in hand experience and a demographic less internet savvy (it's a general statement not meaning to offend anyone and it is changing). In many cases dealers bought online and brought stock to the shows. Do you think this still holds true? The question is where are you likely to find better pricing and/or better deals on average as a buyer?
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Pillar of the Community
United States
1436 Posts |
There was a time, not long ago, that internet pricing (especially on E-Bay) seemed lower. I was able to make some nice pick-ups at what I thought were very good prices. But now it seems like the tide has turned, and I get better pricing at shows... The coin show dealers seem much more open to price negotiation than most of the sellers on E-Bay now.
Edited by Dave H
08/26/2016 2:49 pm
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Pillar of the Community
 Canada
5586 Posts |
I agree with David. You used to (5-10 years ago) get much better value off ebay or the internet, but there is too much reasearch and information available now and the educated buyer sees lots of flaws with ebay coins. There's nothing like a coin in hand and a dealer who lops off 30-40% |
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Bedrock of the Community
Canada
21603 Posts |
I also voted Major Shows. I have found that you can get coins cheaper with a little bargaining (the last coin I bought at a show for 40% of trends) whereas ebay it seems more and more sellers are using BIN with prices close to trends. Plus the fact you see the coin in hand and don't get any surprises when it arrives. Then you have to factor in shipping and sometimes taxes plus having to wait for delivery. |
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Pillar of the Community
Canada
2495 Posts |
Any dealer whether at a show or on ebay who sells at 80% to 100% of Trends is in dreamland, circa 2006, plain and simple. Let them tell you otherwise, that things are better and they're selling at these prices, but it's all hogwash. If they do, it's to a newby collector that doesn't know the coin market and I guess there'll always be a few of those around. I agree with others that currently, coin shows are a much better place to buy coins at 50% to 75% of trends. |
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Pillar of the Community
Canada
1192 Posts |
I much prefer buying in person. There is no substitute for being able to see the coin in hand before buying. Often you can get a better deal in person than online as well.
As for the percent of trends debate. It really comes down to the type of coin. If it's a common date/condition coin, it will sell for a fraction of trends. If it's a popular key date in an affordable grade, it will be pretty much full trends.
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Pillar of the Community
United States
3058 Posts |
It depends on searching. You need to look deep into ebay, and find the better deals. And at shows, go to the old man sitting in the left corner...you might find something. If there was a "both" option to the poll, I would choose it. |
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Pillar of the Community
United States
8137 Posts |
IMO, shows have lower prices than ebay because the dealers don't have to pay a 10% seller's fee on every coin they sell. Therefore the dealer doesn't have to raise the price to get a desired profit amount. |
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Pillar of the Community
Canada
1192 Posts |
Don't forget that tables at shows are not cheap. For the Edmonton show it's approximately $250 per table for the two days. Higher or lower for other shows depending on the size/location.
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Pillar of the Community
Canada
2495 Posts |
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Pillar of the Community
 Canada
1461 Posts |
Quote:
I agree with others that currently, coin shows are a much better place to buy coins at 50% to 75% of trends. Other than certain key year coins (for example the 26 far and the 25 nickels for some reason have been doing very well recently) I don't believe I have ever sold a coin online (Ebay, etc...) above 75% trends (unless extraordinary) and depending on the coin, most will range in the 40%-65% |
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Valued Member
Canada
288 Posts |
I have been getting fairly strong prices as a seller on ebay over the past year. I find it much more difficult to move things at shows despite lower prices. My thought is that buyers at shows are more informed about the state of the market. Online buyers might be younger/less knowledgable, and perhaps not inclined to participate in shows. Obviously, there are many savvy buyers snapping up deals online constantly, so generalizations are tough to make with accuracy. |
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Valued Member
United States
116 Posts |
Living in the US and collecting a variety of Canadian coins, I find purchasing them on ebay much easier and I could usually find decent prices if I wait long enough. I've also purchased Canadian coins at local coin shows in the US but the number of dealers selling Canadian coins at these shows is fairly limited. I attended a show last weekend in the Detroit area and out of about 90 dealer tables, I only found 2 or 3 that had a variety of Canadian coins for sale. Living close to the Canadian border (near Windsor), I've never attended a show in Canada. I'm curious -- do most of the dealers at the Canadian shows sell primarily Canadian coins? I also understand that when purchasing coins in Canada (local - not through the mail) you pay a pretty hefty sales tax which you don't when purchasing coins here in the US. |
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Replies: 12 / Views: 1,910 |
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Posted 08/26/2016 3:48 pm
