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Replies: 33 / Views: 4,210 |
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Bedrock of the Community
13014 Posts |
Quote: I'm thinking shopping the shows have some big advantages over most ebay and coin shops. Honestly generally not. Many things are cheaper on ebay than you would find at a show and the ebay selection is much much better. Ignoring graded coins is a mistake in today market. There may be some advantage to big shows but smaller shows like that be careful. A lot of raw coins at shows like that came out of details holders or are problem coins being sold for full price. The mistake a lot of people make is thinking that because it's a show it's better. I've never been to that one before, but just be aware that just because someone has a table there doesn't mean they have your best interest at heart
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New Member
 United States
29 Posts |
Thanks for the advice basebal21. Being new to collecting classic coins with limited availability I certainly have lots to learn. My goal has been, in my opinion a practical one but I will keep an open mind.
The collections I am attempting to complete are those started by my father sixty to seventy years ago. His Liberty/Morgan dollar "folders" were less than 50% complete with some worn coins and some obviously cleaned or polished. I've replaced the worn coins and intend to complete the collection with respectable or better coins. I've also upgraded his deteriorating folders with the newer Whitman albums, I don't want a new problem of storing and displaying the graded coin containers.
I think this makes it clear that I'm not collecting to accumulate a valuable collection of my own. I'm a retired old fart so investment or resale is not my intent. I surely will add some attractive graded coins if they best fill the void.
I appreciate your advice about coin shows. My thought is that, as suggested here, coins are available to see up close and also collectors might be selling coins to other collectors at fair prices, prices above what a dealer would pay and below what I would pay for the same coin from that dealer. Markup can be significant!! I would be just as careful about any show purchase as I would about the same online purchase. I've been around long enough to know that even good people are quick to deceive for the sake of making a buck. Additionally, a show is an opportunity to get out and speak with lots of folks more knowledgeable than I am.
Thanks basebal21
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Bedrock of the Community
United States
12057 Posts |
The "goal" of collecting is to have fun, at least for me, so do whatever makes you happy! If you want to fill your Dad's albums, go for it! You can buy the graded coins and "crack them out" for the albums, saving the labels for the future. Coins graded by PCGS, ANACS, NGC, and ICG are recommended if you want to best preserve their value for future generations or within your own family. I am almost able to complete my late father's Wheat cent album (1909-1958), even though I am not using slabbed coins, just raw purchases. I need 1909-S VDB and 1914-D to finish. It gives me a nice goal to work towards the next time I free up a bit of money for coins. I also inherited some Morgans from my grandparents, including an engraved wedding souvenir from Reno on a 1921-D Morgan, which now has a permanent Dansco spot. I'll never be able to complete the entire set (without winning the lottery) but it's a noble goal!
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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New Member
 United States
29 Posts |
Fun is what it's about for me too. I am beginning to come around on the Graded coin issue. Per your advice I will save the labels and attach them to the album, not ideal but at least it will serve as a reference.
Best of success with your collections.
Thank you for your input.
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Moderator
 United States
189053 Posts |
Quote:I'm thinking shopping the shows have some big advantages over most ebay and coin shops. Just a few years ago I would have been in full agreement, however... Quote:Honestly generally not. Many things are cheaper on ebay than you would find at a show and the ebay selection is much much better. Ignoring graded coins is a mistake in today market. I have to agree with this, at least when it comes to graded Ikes. The Ike selection on ebay is far superior to my regular show. I cannot imagine that the Ikes are the only focus where the Bay holds an advantage and am sure many other series are more represented there as well.
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New Member
 United States
29 Posts |
Okay, I've been reading, listening and looking at the ebay listings. Competition is a strong factor in keeping costs in line. I concede the point about ebay prices.  Bill P.S. I'm on my way to ebay to buy a key date graded CC!
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Bedrock of the Community
13014 Posts |
Quote: The collections I am attempting to complete are those started by my father sixty to seventy years ago. His Liberty/Morgan dollar "folders" were less than 50% complete with some worn coins and some obviously cleaned or polished. I've replaced the worn coins and intend to complete the collection with respectable or better coins. Definitely an awesome and very cool idea. For a series like Morgans like you specifically mentioned many of them can be found for basically the same price graded as they would be raw and you can always make a graded coin raw again for an album. I mention this specifically because you had mentioned you are new and it would be safer for you to get the graded ones and crack them (I'd recommend leaving the high value/keys graded though) then try and jump into it on your own especially while you get your legs under you. Quote: coins are available to see up close and also collectors might be selling coins to other collectors at fair prices Collector to collector sales at shows are HIGHLY frowned upon and a lot of shows you'd actually get kicked out for selling in that manner when the dealers started complaining. I wouldn't expect to see any of that going on unless you have something prearranged to meet someone at the show. Quote: Additionally, a show is an opportunity to get out and speak with lots of folks more knowledgeable than I am. Some of the shows certainly can be. The smaller ones are hit or miss for value in that sense. Hopefully there are some good ones there but at least you'll get to see a bunch of things in person. Pay particular attention to the graded coins (PCGS mostly but NGC/ICG and lastly ANACS and ignore slabs that are not those four companies for now) and get a sense of what things should be looking like. It can be a good comparison tool to see what their raw coins also look like and give you an idea of whose raw coins are likely to be the biggest minefields
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New Member
 United States
29 Posts |
Thanks for prioritising the grading companies, I'll read up on them.
If I purchase a reasonably good graded coin and do not break it open, I suppose a relatively inexpensive stand-in could fill the gap in the album. For me it might be practical for one or two coins only.
Crazy!!?
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Pillar of the Community
United States
2023 Posts |
Quote: If I purchase a reasonably good graded coin and do not break it open, I suppose a relatively inexpensive stand-in could fill the gap in the album. For me it might be practical for one or two coins only. Some of us have put "slabbed" notes or printed photos as placeholders. No need to buy a lesser coin if a picture meets that need. Your album, your call.
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New Member
 United States
29 Posts |
Quote: Some of us have put "slabbed" notes or printed photos as placeholders. No need to buy a lesser coin if a picture meets that need. Your album, your call Great idea! Since starting this project, my standards have gone up a bit too high & too quickly. Unfortunately the lower rated key date coins are also expensive. Thanks!
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New Member
 United States
29 Posts |
Quote: Collector to collector sales at shows are HIGHLY frowned upon and a lot of shows you'd actually get kicked out for selling in that manner when the dealers started complaining. I wouldn't expect to see any of that going on unless you have something prearranged to meet someone at the show.
Wow! Are you saying that only "dealers" are permitted to sell at a show? Are prices usually fixed to some predetermined reference? Bill
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Bedrock of the Community
13014 Posts |
Quote: Wow! Are you saying that only "dealers" are permitted to sell at a show? Yes. They are the ones paying for the show with their table fees and if some random person is costing them business or interfering with their sales and the dealers start to complain they will be removed from the show. Now collectors can buy a table, but if you haven't bought a table you're not supposed to be buying or selling with the public. So if you are expecting to go and see people trying to help other collectors with cheaply priced coins, that isn't what a coin show is at all
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New Member
 United States
29 Posts |
Quote: Now collectors can buy a table, but if you haven't bought a table you're not supposed to be buying or selling with the public. So if you are expecting to go and see people trying to help other collectors with cheaply priced coins, that isn't what a coin show is at all Okay then, these shows are like any of many other shows I've been to. Anyone; dealers as defined by the fact they are a business selling at a trade show for a profit or collectors as defined as individuals selling without a business possibly without profit motive, can sell at any price they are comfortable with at their table/booth. I'm assuming that dealers, not collectors are the majority. If it's the other way around, I understand your point.
Edited by Stewillard 09/02/2018 12:01 am
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Bedrock of the Community
13014 Posts |
Quote:
Okay then, these shows are like any of many other shows I've been to. Anyone; dealers as defined by the fact they are a business selling at a trade show for a profit or collectors as defined as individuals selling without a business possibly without profit motive, can sell at any price they are comfortable with at their table/booth. I'm assuming that dealers, not collectors are the majority. If it's the other way around, I understand your point. The people behind the tables at a coin show are ALL there with a profit motive whether they are a business or a collector who bought a table. There's not going to be anyone there giving out gifts, everyone selling there is there to make money.
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New Member
 United States
29 Posts |
Quote: There's not going to be anyone there giving out gifts, everyone selling there is there to make money. But wouldn't that be a unique way to encourage folks to come into the show...lol? Unless something comes up I'll be going to the show in Tulsa next weekend. Thank you basebal21 for taking time to ensure I know what to expect.
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Replies: 33 / Views: 4,210 |