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My First Show

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Tim Stroud's Avatar
United States
2661 Posts
 Posted 02/13/2009  1:55 pm Show Profile   Bookmark this topic Add Tim Stroud to your friends list Get a Link to this Message Number of Subscribers
I will be attending my first coin show next Friday.Other than the obvious what can I expect? Will I be able to buy supplies or trade my extras? Please help me to prepare for this event. Thanks guys.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 02/13/2009  4:59 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Depends on the size of the show. You will likely be able to buy supplies, but trading is iffy unless you have marketable stuff to trade. Arm yourself with information, and do not exceed your knowledge envelope when considering purchases - it's easy to get caught up in the moment when looking an a new shiny in person. Take my word on this.
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WpgLwr's Avatar
Canada
1082 Posts
 Posted 02/13/2009  5:05 pm  Show Profile   Bookmark this reply Add WpgLwr to your friends list Get a Link to this Reply
Also, don't buy until you case the place first. Something you're interested in may be cheaper at another table, or you may see something you want more there as well.
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jbuck's Avatar
United States
188213 Posts
 Posted 02/13/2009  5:46 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Good advice above! Especially the part about looking around before making a purchase.

I will add that there are two ways to go about this. They are not exclusive and you can actually do both if you want.

One way is to heavily research something specific that you want to purchase and concentrate on that. Make sure you have a good idea what is reasonable price for your items. Also, make sure you have a good idea how to grade it to assess that price. Look around and find the best one and negotiate the best price.

The other way, which is what I would do if this is a regular show that you will frequently go to, is to research the dealers. Get to know them and ask questions, like finding out what they usually have available. Do not be afraid to let them know you are new to the coin shows. If you talk to enough dealers, you will get a feel of which ones might be helpful to you now and in the future. Think of it as recon. You can also learn a lot about what you are interested in. In my opinion, a coin show is a much better place to do this than a coin shop, because you can get multiple opinions. One word of caution, a lot of dealers share information, so try not to user dealer A's comments against dealer B, just collect the data and assess later!
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ceaton's Avatar
United States
1179 Posts
 Posted 02/13/2009  6:15 pm  Show Profile   Bookmark this reply Add ceaton to your friends list Get a Link to this Reply

Quote:
Also, don't buy until you case the place first. Something you're interested in may be cheaper at another table, or you may see something you want more there as well.


But also keep in mind that nice shiny one might be gone by the time you get back :)

Just take your time, and bring a list along if you need specific things. Try not to do what I do and spend all my money on the first couple tables then have to hit up the atm for more! LOL. Have fun!
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vermontensium's Avatar
United States
16679 Posts
 Posted 02/13/2009  8:00 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
Good advice. Have fun Tim!
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Tim Stroud's Avatar
United States
2661 Posts
 Posted 02/14/2009  10:23 am  Show Profile   Bookmark this reply Add Tim Stroud to your friends list Get a Link to this Reply
Thanks guys, I will keep all this in mind. I will be armed with both my Red and Blue books. Or would that be in bad taste? As for casing the joint, I learned that a long time ago looking for antiques. I do know one dealer that will be there. Met the guy a wile back at an antique auction. He seems to be a good guy, helps me out from time to time at the auctions. We will discuss what coins (if any are there) we are going to bid on and agree not to bid against each other. He will also give a sign to keep bidding or not if things go a little high.

As far as buying a nice shiny, well I hadn't really planned on buying anything more than 2 of 3 Ike's. I am going more just to see what is being offered and at what prices. I will however be taking sufficient funds just in case I can get a good deal on a Morgan or 12. Geez after nearly 30 years of collecting I am finally going to a show. I can hardly contain myself.
Bedrock of the Community
United States
20753 Posts
 Posted 02/14/2009  7:32 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
1. Keep all money in your front pocket
2. Do not pull out large bundles of cash. Place smaller amounts in different pockets and know what is there
3. Do not take credit, debit cards or a check book. If you do be really careful. While using one someone may be behind you with a camera phone.
4. Have an idea of what your looking for. And as noted don't buy the first one of those you see. If you loose out on something, some day there will be another.
5. Do not take the Red Book with you. That is an advertisement you don't know anything about coin prices
6. Bring a small plastic zip lock bag in case you buy several coins and need a place to put them.
7. Make a list at home of what you need, want or would like to have. Know about how much they cost.
8. Pending on where you go and the area you live there are numerous safety precautions you should be aware of.
9. Take your time and talk to any dealer that is willing to talk. Get to know the dealers. Ask for their buisness cards. Ask if they are local and/or have a store somewhere.
10. Don't be afraid to tell a dealer what your interested in.
11. Go there with the intent of having fun, learning, looking, getting to know people. Not just to buy coins.
12. Let us all know how it all comes out.
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vermontensium's Avatar
United States
16679 Posts
 Posted 02/14/2009  8:11 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply

Quote:
5. Do not take the Red Book with you. That is an advertisement you don't know anything about coin prices

Great advice Carl. This was one stands out with me as well. The Red Book is usually the first book one buys as a beginner. I would suggest either the greysheet or something like Numismedia and just print out what you need. Although most dealers are good people with good intentions, some might just decide to quote a little higher especially in today's economic environment. I just got back from Long Beach Coin Expo here in So. Cal. and I'll tell ya, dealers are feeling the pain as well. I walked away from two dealers tables and I'll tell you what, they want your biz. But ya, let us know how it went
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Bedrock of the Community
United States
20753 Posts
 Posted 02/15/2009  2:51 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I just got back from one of the many shows I go to. Not sure what coin shows in other states are like but in the Illinois area they are packed with dealers and buyers. This one was so crowded I left at 11AM. I usually stick around until about 12 or 1PM but just to crowded for me. AND they were buying.
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jbuck's Avatar
United States
188213 Posts
 Posted 02/15/2009  3:43 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
As far as buying a nice shiny, well I hadn't really planned on buying anything more than 2 of 3 Ike's.
Good choice!

Quote:
Do not take the Red Book with you.
I have to disagree with this, partially.

I take mine with me, but I keep it either in my wife's handbag or in one of my cargo short pockets.

I do not use it for prices; those are kept with my "list" stored on my PDA. I use it for educational purposes. I try to make a point of looking at something "new" at each show I go to and I like to make notes in the RB when I can. I usually go to the break or snack area (if available) to debrief myself before heading back out on the floor.

So to summarize, I agree with the part about "using it in public" as being a red flag; but do take it, just be aware of your surroundings when looking through it. And do not be afraid to write in it; it is not a school text book or library book (unless it is, then you best buy your own first!)
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nohope587's Avatar
United States
5953 Posts
 Posted 02/15/2009  4:11 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list Get a Link to this Reply
If your not worried about being banned from certain dealers then its always worth while having some properly graded examples of the coins you are looking for. Its much easier to reach an agreement about grade if you have a reference to start with. Most dealers welcome a healthy discussion on grading points especially on coins they don't deal with often. The ones that are rude or abrupt are probably not the ones you want to deal with anyway...
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