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Question About Buying Coins At Coin Shows

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jpsned's Avatar
United States
2200 Posts
 Posted 02/08/2018  10:02 pm Show Profile   Bookmark this topic Add jpsned to your friends list Get a Link to this Message Number of Subscribers
Can you get honestly good deals on the coins you want at coin shows? Meaning, are the prices affordable?

I've been to only one local coin show. The selection was lousy and the prices were sky-high. Just wondering if that's the exception rather than the rule.
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oriole's Avatar
Canada
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 Posted 02/08/2018  10:09 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
I don't think that you can draw conclusions from a single show. I have been to shows where prices were reasonable and I even got good deals. Maybe yours is not a good one.
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Lucky Cuss's Avatar
United States
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 Posted 02/08/2018  10:28 pm  Show Profile   Bookmark this reply Add Lucky Cuss to your friends list Get a Link to this Reply
I've on occasion (and actually quite recently) found amazing buys at the local, smaller, club sponsored coins shows in my area, at least with regard to world coinage, which some vendors obviously simply want to unload. So your experience may well depend on what you're shopping for.

Colligo ergo sum
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MikeF's Avatar
United States
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 Posted 02/08/2018  10:42 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
It depends on where you live. Out here in Kansas City the shows just suck. Bad selection, prices well above retail, not much room for haggling, good ole boys club, no high end quality coins, etc. That said, I will be renting a table our here soon and offer a selection of coins that are well priced. I'm looking forward to be on the other end of the table.
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sel_69l's Avatar
Australia
21786 Posts
 Posted 02/08/2018  10:42 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Luck for me, even at major coin shows, can be very patchy.

Using many decades of experience, I cherry pick across the whole of numismatics, ancients to modern, mostly looking for best value for money, excluding anything after about 1950.
Modern collector coins do not interest me.

I have a set cash budget of perhaps $200 or more. If an item exceeds the budget, I will give a cash deposit and send the rest of the money later. I already have the satisfaction of already closely examining the item carefully, in hand.

My strategy has always been to take lots of time (sometimes hours), and closely anything that may interest me. I note down those items, then go back to make a decision to buy or not. That way, I can make good decisions about the best coins to buy from my short list.

Like I said, the results for a show can be patchy. Sometimes, I can come away without buying a single item, and sometimes, I can come home with a dozen or more items.
At least, I know that I am buying well.

Over a period of 40 years or more, perhaps about 15% of my collection has been acquired at coin shows.

I am able to catch up with a lot of well known acquaintances, both dealers and other collectors, and share a lunch time, or perhaps a coffee with them, when the discussion is mainly coins, just like it is here in the CCF.
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SsuperDdave's Avatar
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 Posted 02/09/2018  12:11 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
I have never - not once - paid the original asking price for a coin from a show. Cash talks.
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 Posted 02/09/2018  12:37 am  Show Profile   Bookmark this reply Add nautilator to your friends list Get a Link to this Reply
I've found plenty of good prices on things that are common (and thus difficult to get rid of) and obscure (and thus difficult to get rid of) at local shows. I've seen some pretty bad prices too though. Try and go to different shows and see how they go, and keep track so you don't keep seeing the same people over and over again.
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John1's Avatar
United States
56855 Posts
 Posted 02/09/2018  05:20 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
If you are able to haggle over the price,wait for the last day of the show. Dealers want to make as much money to justify all the costs involved in selling at a show. If they are not doing very well they will, most likely give you a lower price near the end of the show.
John1
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 Posted 02/09/2018  09:09 am  Show Profile   Bookmark this reply Add nutmeg to your friends list Get a Link to this Reply
You have to learn which dealers will work with you.
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CoinCollector2012's Avatar
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 Posted 02/09/2018  09:21 am  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
Most dealers that I buy from at shows are more than willing to negotiate. Shows are also a good place to catch up with fellow collectors.
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Andrew99's Avatar
United States
1533 Posts
 Posted 02/09/2018  10:14 am  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply

Quote:
I have a set cash budget of perhaps $200 or more. If an item exceeds the budget, I will give a cash deposit and send the rest of the money later. I already have the satisfaction of already closely examining the item carefully, in hand.

My strategy has always been to take lots of time (sometimes hours), and closely anything that may interest me. I note down those items, then go back to make a decision to buy or not. That way, I can make good decisions about the best coins to buy from my short list.


You will probably not get very good deals this way. You are looking to spend $200 and you want to examine coins for hours. Dealers probably dread you coming to their tables. If you are able to look through dealer's stock, say yes or no quickly, make quick and decisive counter-offers when appropriate, you will get the best deals.
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T-BOP's Avatar
United States
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 Posted 02/09/2018  10:41 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Like john1 says ,go ahead and haggle with those show dealers . They keep their prices high because they expect you to chew their prices down .And yes this works extra well at the end of the show .
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jbuck's Avatar
United States
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 Posted 02/09/2018  1:09 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Can you get honestly good deals on the coins you want at coin shows? Meaning, are the prices affordable?
Yes and Yes. Coin shows have been my primary source for almost twenty years.
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United States
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 Posted 02/09/2018  1:43 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I get 100% of all my coins from coin shows. Around where I live we have lots of coin shows. Almost one every weekend. And some really big ones too like the one coming up on the 15,16, 17 of this Month. However, since I go to lots of them, I get to know dealers fairly well. Some have stores too. By getting to know dealers, I know who to haggle prices with and by how much. I've never paid the prices they are asking. And too I base my coin prices on how crowded a place is. By that I mean if not much of a turnout, I really haggle prices down a lot. Also, since many dealers are repetitious, I actually ask them to look out for certain coins for me and they usually do. I sort of avoid the large shows since the prices are really inflated and you can hardly blame a dealer when a table rental in in the thousands of dollars. I really love coin shows.
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luvmyCAM's Avatar
United States
1479 Posts
 Posted 02/09/2018  4:53 pm  Show Profile   Bookmark this reply Add luvmyCAM to your friends list Get a Link to this Reply
When and if I run into a Lincoln Memorial cent die variety dealer the sparks are gonna fly off the wheeling grindstone. I checked all the dealers at the Salem OR. December coin show and none fiddled with LMC's I couldn't even find a 1960 proof F'S-102 nor any swabbed doubled dies.Im in the minority and have to get most my coins at internet auction. The dealers I met don't fiddle with the minnows LOL. Hey how about that L and C? now isn't that an outfit :)
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acloco's Avatar
United States
3540 Posts
 Posted 02/09/2018  7:21 pm  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
Yes.

My most recent? Several raw, but high grade Buffalo nickels at the annual February show.

World's Fair of Money in Denver last year. Purchased two high grade slabbed Washington quarters for my set. Easily 25% less than grey sheet.

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