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Woodlands Coin Show Texas Post Mortem Pics

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nohope587's Avatar
United States
5953 Posts
 Posted 06/07/2008  2:05 pm Show Profile   Bookmark this topic Add nohope587 to your friends list Get a Link to this Message Number of Subscribers
Today I went to the Woodlands Coin show.
First I have to say its the smallest show I have been to.
there were 9 dealers.
Pickings for Morgans as usual were great. There were a fair number of people selling silver to the dealers while I was there but not getting what I would call a fair price.
I sold a couple of 50D Jefferson's to a dealer I have not seen before.
He knows his stuff and does not care what PCGS write on the slabs he paid me a fair price for the three Jefferson's he bought. If you are looking for properly graded Jefferson's then I would recommend TNT coins of Richardson TX
Pickings for my 2 Cent purchases were slim and it was not helped by the fact I am being recognized now at the shows. I did find three coins pics to follow once my server is back on line.
I paid grey sheet bid on all three for the correct grade. Two came from an independant collector who was sharing a table with a dealer. He did not argue over my asigned grade and was more then happy to sell at bid. The third was marked VF30 but only made F12/15 by my reckoning. The dealer sold it to me for F12 money maybe just to be rid of me... I took a few of my higher grade 2 Cents along. Of all the dealers I got the same story. Ask if they have any high grade 2 Cents for sale and they will tell you that they are hard to find and sell for a premium over retail. When you pull out some PCGS MS65reds and say "what will you give me for this". out comes the grey sheet and bid or slightly less is offered. This from that same people who have just told you that they can sell them for over retail. I don't mind people making a profit but but buying a coin for $135 and selling for $300 plus robbery.. Just one guy from Royal Coins of Houston offered me better than grey sheet and he was up front about being able to sell for significantly more.

My purchases
1864 Harshly cleaned Dealer Asked $40 paid $25
Woodlands-Coin-Show-Texas-Post-Mortem-Pics
Woodlands-Coin-Show-Texas-Post-Mortem-Pics
1865 Nice Die crack Dealer Asked $34 paid $34
Woodlands-Coin-Show-Texas-Post-Mortem-Pics
Woodlands-Coin-Show-Texas-Post-Mortem-Pics
Woodlands-Coin-Show-Texas-Post-Mortem-Pics
Woodlands-Coin-Show-Texas-Post-Mortem-Pics
1866 Just a nice original coin Dealer Asked $34 Paid $34
Woodlands-Coin-Show-Texas-Post-Mortem-Pics
Woodlands-Coin-Show-Texas-Post-Mortem-Pics
Edited by nohope587
06/08/2008 10:16 am
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KurtS's Avatar
United States
5318 Posts
 Posted 06/07/2008  3:37 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply

Quote:
"I don't mind people making a profit but but buying a coin for $135 and selling for $300 plus robbery"
I enjoyed reading how you put that one dealer to the test--gotcha. I suppose every business wants to maximize margins, but if you do it at the expense of customer trust, that's ultimately self-defeating, imo. I see a lot of these guys at shows who think they outsmart the collector, but seem to forget they're an "easy read".
Edited by KurtS
06/07/2008 3:39 pm
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