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My First Coin Show!! Need Tips And Pointers

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United States
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 Posted 03/21/2017  03:42 am Show Profile   Bookmark this topic Add mnknight77 to your friends list Get a Link to this Message Number of Subscribers
A club that is 45 minutes away has a small coin show this coming weekend. Any pointers on how to go about it? There will be local dealers and enthusiasts. Should I bring my lists of what I need for my books? Do I need a Red Book?

I am so excited!
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John1's Avatar
United States
56855 Posts
 Posted 03/21/2017  04:52 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Type first coin show in search box,upper left of page. Take your list,and loupe. RB prices are way to high to go with.Do your price check with ebay sold values and http://www.numismedia.com/rarecoinp...s/fmv.shtml.
Do a walk through first,check out all the tables before you buy anything. Then go back to what caught your eye. Be polite,some dealers just are not friendly. And of course,have fun.
John1
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Chute72's Avatar
United States
1314 Posts
 Posted 03/21/2017  05:56 am  Show Profile   Bookmark this reply Add Chute72 to your friends list Get a Link to this Reply
Wear comfortable shoes. Take a friend. And have fun.
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United States
338 Posts
 Posted 03/21/2017  06:56 am  Show Profile   Bookmark this reply Add Hunter611 to your friends list Get a Link to this Reply
In response to that some dealers are not friendly; this is a customer service business, why is it that some coin dealers have an opposite attitude and do you find those staying in business?
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Andrew99's Avatar
United States
1533 Posts
 Posted 03/21/2017  07:13 am  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
There are some dealers that just sell to other dealers and some that sell to just collectors at high retail. If you are not their type of customer, they may not be friendly. You quickly learn who to just skip over when visiting a show.
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RoyCoinBoy's Avatar
United States
1609 Posts
 Posted 03/21/2017  07:21 am  Show Profile   Bookmark this reply Add RoyCoinBoy to your friends list Get a Link to this Reply
My first and foremost tip: Do NOT buy from the big companies, if any, that are there. They always try to take advantage of noobies. 2: NEVER buy Indian head pennies. Almost Always overpriced and overgraded.
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oriole's Avatar
Canada
5239 Posts
 Posted 03/21/2017  08:03 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply

Quote:
In response to that some dealers are not friendly; this is a customer service business, why is it that some coin dealers have an opposite attitude and do you find those staying in business?


This is a great mystery to me. In my experience coin dealers are more customer oriented now than 30 years ago, so possibly those are old attitudes that are disappearing slowly. Possibly they are catering to a different clientele so they can get away with ignoring the newbie or the person who seems like they have little money.

In our local coin show, it is so small there is no place for the unfriendly ones.
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moxking's Avatar
United States
17900 Posts
 Posted 03/21/2017  12:45 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
Take your want list. Indicate what grades you are looking for. List ebay closed prices for those grade coins so you have an immediate in-hand reference.

The more money you spend for items not on your want list, the less money you have for your want list.

Buying "neat stuff" can be great fun, but that often leads to an accumulation, rather than a collection.
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Buddy's Avatar
United States
7075 Posts
 Posted 03/21/2017  1:32 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply
A lot of good advice has already been posted.

I will add -- know where your cash is all the time and pay attention to the people around you. Pickpockets love shows where it is common to 'bump' into someone.

If you're not used to haggling over the price of a coin, then consider this a practice run.

Have fun and let us know how it goes.
Valued Member
United States
87 Posts
 Posted 03/21/2017  1:45 pm  Show Profile   Bookmark this reply Add mnknight77 to your friends list Get a Link to this Reply
John 1,

I thoroughly understand that a hobby is different than a business and expect a mark up. However, when I go through the "cherry picker" bins and bargain bins and find something different, is using ebay sold the easiest way or is it ok to ask the dealer. I don't want to be rude and look everything up online but I don't want to be stupid either.

Thanks!
Edited by mnknight77
03/21/2017 5:36 pm
Valued Member
United States
87 Posts
 Posted 03/21/2017  1:47 pm  Show Profile   Bookmark this reply Add mnknight77 to your friends list Get a Link to this Reply
Is it rude to ask a friendly dealer to look at some coins and have them spot grade them?

How do you find out if someone would buy a coin from you?
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jdmern's Avatar
United States
1949 Posts
 Posted 03/21/2017  1:57 pm  Show Profile   Bookmark this reply Add jdmern to your friends list Get a Link to this Reply

Quote:
My first and foremost tip: Do NOT buy from the big companies, if any, that are there. They always try to take advantage of noobies. 2: NEVER buy Indian head pennies. Almost Always overpriced and overgraded.


Those are some pretty broad generalities...

You may pay high retail in dealing with the big companies, but you can be certain what they are selling is what they say it is...?

My recommendation would be cash is king at shows, and make sure you bring enough for what you are planning on buying...


Quote:
How do you find out if someone would buy a coin from you?


Simply go up to the table and ask the dealer if they are buying... Many will ask you what you are looking for price wise for the piece, so go into the show knowing what you would be happy with for any piece you are trying to sell...

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jbuck's Avatar
United States
188048 Posts
 Posted 03/21/2017  2:12 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Should I bring my lists of what I need for my books?
Yes, absolutely. You do not need to bring a Red Book if you know what you want. I recommend NumisMedia if you want pricing information. I access it from my smartphone, but if you do not want to worry about that you can easily look add the prices to your want lists.


In my experience, most dealers at coin shows are friendly. Some can be almost too friendly at times (think used car salesperson), but for the most part they are very cordial. In my case, I could say it is southern hospitality.

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jbuck's Avatar
United States
188048 Posts
 Posted 03/21/2017  2:32 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
You may pay high retail in dealing with the big companies, but you can be certain what they are selling is what they say it is...?

Quote:
My recommendation would be cash is king at shows, and make sure you bring enough for what you are planning on buying...
I agree with both statements.
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BadThad's Avatar
United States
19937 Posts
 Posted 03/21/2017  4:22 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
1) Bring CDN Gray Sheet. (It's what they use)
2) Bring CASH
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Coinfrog's Avatar
United States
94367 Posts
 Posted 03/21/2017  5:52 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Actually, being your first show, leave your wallet at home. I'm serious. Just look and learn.
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