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My Very Unscientific Coin Show Observations

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SpaceMaNy0's Avatar
United States
343 Posts
 Posted 02/06/2017  9:18 pm  Show Profile   Bookmark this reply Add SpaceMaNy0 to your friends list Get a Link to this Reply
I have been to a few small shows.


Quote:
My budget probably has a more restrictive effect than the selection.


I've thought about trying to trade but my wife doesn't like the idea of getting rid of any of our stuff.
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jbuck's Avatar
United States
189767 Posts
 Posted 02/07/2017  12:14 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I have never sold a coin nor do I ever intend to sell a coin.

The only time I traded was when I did so with my silver half dollar CRH finds. These were all duplicates, so it made sense to trade them in for dates that I needed (referring to Franklin half dollars).
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mysilveryears's Avatar
United States
1890 Posts
 Posted 02/07/2017  12:18 pm  Show Profile   Bookmark this reply Add mysilveryears to your friends list Get a Link to this Reply
Haggling certainly takes some practice and getting used to, but it is very worthwhile, even if all you say to the seller is, "is that your best price" on ANY item you are seriously interested in, even low ticket stuff.
As a thirty year veteran of the [automotive] flea market circuit, haggling is second nature to me. It is not always successful, but sometimes the discounts a dealer is willing to give are surprising. But you will never know unless you ask. Always be friendly and polite. Insulting merchandise or asking prices will quickly gain you a reputation as someone not worth the time and effort.
Like others have said, nothing beats having the item in hand. Sure, the internet has changed everything-- except human nature. It seems that pure greed has overtaken ebay and other online outlets. Haggling via the keyboard is a hassle. Lots of dealers seem to have forgotten the concept of 'room' in their pricing. A buyer wants to feel secure that if that high ticket item he just acquired had to be turned loose tomorrow due to some unforseen circumstance, he could get back at least what he paid for it. So there is always going to be that dynamic between buyers looking for a bargain, and sellers wanting 'tomorrow's price today'. Do not be hesitant about passing up an overpriced specimen that you really like. There are always going to be more items available in most everyone's price range, especially today with so much generational changeover taking place. Also the more outlets one explores, both local and online, the more choices one has. If the seller is too firm and most prices seem way over the top, simply walking away might be the best message you can send.
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4504's Avatar
United States
379 Posts
 Posted 02/13/2017  1:28 pm  Show Profile   Bookmark this reply Add 4504 to your friends list Get a Link to this Reply
I have never been to a coin show, but I would like to go to one. that being said, if I was a seller, I would be scared that someone wants a more personal look at a coin and once it is in their hands they would take off like a jackrabbit. I would be afraid to leave my booth unattended to chase the thief down. I guess I could just yell out the classic "THIEF! STOP THIEF! SOMEBODY TACKLE HIM! and hope someone "gets" him. personally, I am pretty sure I would chase the guy for the dealer because I hate thieves. of course, anybody who does so is taking a risk... getting sued by the thief if he/she ends up getting shot/injured, tackling the wrong person, etc.

as a buyer, I think it would be fun. as far as the prices, of course the sellers want the most they can get for their coins. that does not mean you cannot ask if that is their best price. I do this a lot on ebay, and most of the time the dealer will knock anything from a little to a lot off the price. the last time I did this was on a gold 1/2 tael (a little over an ounce, a tael is 37.5 grams) Korean key, the seller wanted a buy-it-now price of $1,500 with no offer provision. I asked him if he would take $1,000 and he said ok.

just about everyone will knock off some off of the price, especially if it is high-priced. in any case, it cannot hurt to ask. who cares if the dealer thinks you're cheap! ok, kidding on that one...



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jbuck's Avatar
United States
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 Posted 02/13/2017  5:39 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
There are law enforcement officers at the coin shows here. I doubt anyone running towards the exit could leave without being stopped. I would be more concerned about legerdemain than a brute force "smash and grab."
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United States
211 Posts
 Posted 02/13/2017  6:37 pm  Show Profile   Bookmark this reply Add JimmyJames to your friends list Get a Link to this Reply
I have had a similar impression from coin shows. I want them to be a great place to go, but they aren't.

The economics of coin shows usually mean a dealer has to spend at a minimum a few hundred dollars to go to a show. They have to mark stuff up and move thousands of dollars of material to make it even slightly worthwhile. As someone who walks into a coin show with no more than a few hundred bucks (often less), I can't even buy enough stuff to register on their radar.

At this point I go to shows to have a look around and generally be supportive of the local coin culture. I can usually get better material for cheaper online. As a rational consumer, I just can't really justify buying at the show.
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jbuck's Avatar
United States
189767 Posts
 Posted 02/14/2017  11:09 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
My budget is the low, low triple digits and I never leave a show unsatisfied. I suppose I am fortunate that my local shows have a diverse group of dealers who can satisfy both the high and low end collectors.
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