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 Replies: 10 / Views: 2,407 |
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Pillar of the Community
United States
4469 Posts |
For example, if I am buying on ebay I will check the Red Book for coin facts and ball park price and sometime I will look at the pop totals at PCGS or NGC. Then I go to past realized auction prices to set my price that I am will willing to bid or make an offer on for a coin. I am doing a type collection, and the above would be cumbersome when talking to a dealer about a coin or coins at a coin show. When you are at a coin show and you find a coin that you would like to buy, how and when do you set your price that you are willing to pay and know that the coin is fairly priced? |
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Bedrock of the Community
United States
17884 Posts |
You do the price work that you mentioned before you go to the show so that you know roughly what the type money is for the coins you need. Prices don't change that fast so you don't need "right this minute" prices. You also should know what the better dates are for the different types so you don't embarrass yourself or insult the dealer by offering type coin money for a key or semi-key date.
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Pillar of the Community
United States
3479 Posts |
Use your phone. Take your time browsing tables and create a list of coins you are interested in. Sit down, grab a hot dog and run your price checks on your phone.
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Moderator
 United States
188342 Posts |
I put the prices on my want list ahead of time. Like Conder101 said, they do not change that fast, at least not the overnight and especially for what I am buying.
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Moderator
United States
56855 Posts |
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Moderator
United States
188342 Posts |
I agree, NumisMedia is where I get the prices for my want list. Yes, I have referenced it on the phone more than a few times just to confirm I had entered the price correctly.  By the way, I have my want list on my phone, too. No need for paper.  |
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Pillar of the Community
United States
1628 Posts |
I usually print the pages from numismedia for the series I collect and keep them in a folder to take with. I figure as long as I'm somewhere around those prices I did alright. If I see a coin I'm interested in I'll look it up before asking about it so I have a general idea around what it should cost and whether I should bother looking at it closer or not.
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Moderator
United States
188342 Posts |
Quote:
If I see a coin I'm interested in I'll look it up before asking about it so I have a general idea around what it should cost and whether I should bother looking at it closer or not. Well done!  |
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Pillar of the Community
United States
1261 Posts |
In addition to numismedia, I take my iPad along and have several apps I reference when I'm interested in a coin at a show. I might reference the PCGS Photograde app to double check the grade. I also have their Price Guide app. Once you narrow down the coin and grade you can click on it and it takes you to their Coinfacts page where you can get the last auction or purchase prices for a particular coin/grade. this gives me a good idea of whether it's a fair price or not.
One other app I have is USCoins Plus. It's a coin management app where I input my entire collection with pictures. Being a type collector like the OP, I sometimes forget if I already have or need a particular type. I can also check to see if the coin is an upgrade or not. It's like having my entire collection with me at all times.
Edited by chesterb
06/04/2017 10:50 pm
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Bedrock of the Community
United States
20753 Posts |
I usually just walk around asking other dealers about a price for a certain coin. I go to so many shows I see dealers I sort of know.
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Pillar of the Community
United States
1590 Posts |
Well, I'm a dealer. But I generally use grey sheet. Remembering that grey sheet uses prices from the major markets, and that the regional markets can and usually are, much below that. Generally here in the midwest I look for coins at 10 percent below greysheet. I offer more for well struck or "interesting" coins. Something else, I'm fairly well known for not doing much dickering. I ask for a best price,and I either take it or leave it on the first pass, and most people know it. Meaning I usually get a good price. Lol, though to get here I had to walk away from more than one deal. Probably lost a couple I could have gotten. Oh, and I agree stop using RedBook. Very very few serious dealers use RedBook, and those that do should be avoided! |
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Replies: 10 / Views: 2,407 |
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Posted 05/31/2017 12:39 pm
