The Woes Of Being A Coin Dealer ... Funny Story! - Page 2

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Author	Replies: 22 / Views: 3,144	Page: of 2

Buddy Rest in Peace United States 7075 Posts	Posted 10/30/2016 12:17 pm One jerk can hurt a decent business. Quote: @Buddy ... It was the partner, Rich, who let the so-called "customer" back into the shop. Mark was the one with the headache, and he was in the back room when the nut job returned. Well, that makes sense. Report this Post to the Staff
january1may Pillar of the Community Russian Federation 5174 Posts	Posted 10/30/2016 4:09 pm Quote: @exoguy, yes interesting website--thanks for the recommendation. Lately, I've been mostly focusing on coins that are older than their world coins, but younger than their ancient coins. Not as much material out there. That place actually seems to think that "ancient coins" == "Greek and/or Roman"; they have a few ancient Indian coins in their "world coins" list! That said, if the prices are in US dollars (as appears to be the case), it's all way out of my league, anyway. Report this Post to the Staff
ExoGuy Pillar of the Community United States 4416 Posts	Posted 10/30/2016 4:48 pm Quote: the prices are in US dollars (as appears to be the case), it's all way out of my league, anyway. The prices cited are high end estimates. If you see something you like, you make a bid. I've won some decent pieces at about half their estimate. They have pretty good pics. When it comes to buying coins, my philosophy has long been that virtually every dealer carries bargains in his stock. The key is simply the buyer's ability to spot them! Report this Post to the Staff
january1may Pillar of the Community Russian Federation 5174 Posts	Posted 10/30/2016 5:05 pm Quote: The prices cited are high end estimates. If you see something you like, you make a bid. I've won some decent pieces at about half their estimate. They have pretty good pics. Believe me, half of $75, never mind half of a three-digit sum, is already an awful lot of money. If the 2014/15 exchange rate jump didn't happen, and exchange rates were still where they used to be in 2011-13, I'd have at least considered paying $40 or more for a coin. (Indeed, I have bought many large silver coins for similar amounts in April 2011, when the exchange rates were much better.) At the current exchange rates, I'd probably only pay that much if it's either gold, very large silver (though that's more about the $20-30 range), or an extremely rare country. EDIT: I can't agree with the "always a bargain" comment - I have seen too many dealers whose entire coin inventory consists of common modern coins for ludicrous prices. Though I suppose even then it's theoretically possible that one of them is a really rare variety; and, in any case, as long as we limit it to dealers that sell mostly coins, I agree entirely. Edited by january1may 10/30/2016 5:14 pm Report this Post to the Staff
ExoGuy Pillar of the Community United States 4416 Posts	Posted 10/30/2016 5:27 pm @january1may .... Yes, the key is knowing varieties, errors, tokens, medals, the gamut. My best buys have come almost exclusively from dealer stock and occasional auctions. There are many misattributed pieces out there and unlisted pieces awaiting discovery. My "always a bargain" comment should have been qualified ... discounting the so-called flea market types, purveyors of common, modern stuff. I was thinking of the dealers who carry a wide range of numismatic material, as do many local coin shops here. The company that I cited at the beginning of this thread fits the bill. Their volume and variety works for me. Edited by ExoGuy 10/30/2016 5:38 pm Report this Post to the Staff
jbuck Moderator United States 188770 Posts	Posted 10/31/2016 3:51 pm That was good for a laugh. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Finn235 Pillar of the Community United States 6130 Posts	Posted 10/31/2016 4:06 pm I have bought a lot of their auction coins, but I agree that even 50% of their asking price for BIN on ebay is ridiculous for many of their coins, and especially the Ancients. I guess it only takes one willing buyer, though. Funny story at any rate! You get that type of customer at any retail venue, I suppose... I certainly had my share of wannabe coupon barons who tried similar tactics. Report this Post to the Staff
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