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 Replies: 22 / Views: 2,119 |
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Rest in Peace
United States
9104 Posts |
That's called cherrypicking.
I was at a show that was horrible for just about everyone except one guy who was going around buying early matte proof Lincolns that were being sold as uncs.
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Pillar of the Community
 Canada
1931 Posts |
well, I have studied my books and that really made my problems worse!! LOL now I know a whole bunch more things that I would really like to have. I think what I need to do is try to stick to one country at a time but that isn't so easy for me. There is just SO much out there that I don't have yet. Yes I sit and go through the books and see pictures, then I say well... I just want to see it in hand and then once it's in my hand that's it, I have to buy it cause it would kill me to hand it back. Every one has some type of uncontrollable addiction.... mine happens to be coins. :)
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Rest in Peace
United States
9104 Posts |
So you buy and sell cherrypicks and use the profits to finance the stuff you want to collect.
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Pillar of the Community
Canada
1931 Posts |
biggfredd,
that is actually a very good idea. I have never tried the cherry picking side of coin collecting. I'm not sure how the coin show will be but at my local coin shop the dealer seems to just say a price as you get to the cash out area. lol none of his stuff is priced in the store so unless I spend all day saying how much for this? I usually don't know what the costs are. I have only been to this new store in my new neighborhood once and it sure makes me miss my old store. With my new dealer, I was very surprised by how often I asked a question and he said he didn't know the answer. was a little strange as my old dealer knew everything there was to know about coins.
Maybe I will give the cherry picking thing a try at the coin show and see how that works out for me.
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Pillar of the Community
United States
1267 Posts |
My guess would be more than you'd expect. However there is only one (1) which is pertinent to me and possibly most other collectors. That's the we're heading to or shopping at.  Take Care  Ben |
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Pillar of the Community
United States
5318 Posts |
Quote:
That's called cherrypicking. Mea culpa  This is all I usually do--and I can usually break even by finding a few nice coins and selling those to fellow collectors here--at far less than "value". Malissa, it's not really for me to suggest any particular route to take. You'll find a niche that you enjoy best.  |
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Bedrock of the Community
United States
20753 Posts |
The problem with your question is COIN SHOPS. Probably not to many in the entire USA as most would suspect. However, if you throw in pawn shops, jewlery stores, flea markets, hobby stores, general stores, department stores, then the number would be staggering. The problem is with any type of store that does only one type of work or sells only one product, way to limited unless a really popular item. For example even Starbucks sells other items besides coffee. I've seen many stores open up selling only one product and almost as fast going out of buisness. I've seen stores that attept to sell only popcorn, donuts, fudge, etc. and unless they start selling other items, they go out. There is an auto radio repair place near me that also sells cars, radios, DVD and CD players, wire, connectors and on and on and on. He told me if he only fixed radios, he would close in one week. A very large store, now gone in the area, Carson's, used to have a hobby dealer on the 5th floor that sold coins but also sold baseball/football cards, stamps, etc.
We have a minimum of 3 coin shows monthly within about 15 miles or less of my house. These are relatively small of less than 100 dealers but occationally there are those really big ones in the area with virtually hundreds of dealers. Almost all the dealers at the regular coin shows also have or work in a coin type store or hobby store. They too sell other items or they too would have a hard time of making money. You just don't get a massive flow of customers for coins all day, every day at a coin store.
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Replies: 22 / Views: 2,119 |
First Page
Posted 08/18/2008 10:12 am
