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 Replies: 13 / Views: 1,147 |
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Pillar of the Community
United States
603 Posts |
How is this done, I have never spent more than 100 or so at a show, but I see coins wourth thousands in some dealers cases. Do people carry that much cash or what?
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Pillar of the Community
 United States
5953 Posts |
If I'm going to buy a high value coin at a show most of the time the dealer knows before hand and I pay by cashiers check. Most shows have an ATM near by for those impulsive purchases. I have seem people pay several thousand in cash for a coin but I'm not comfortable carrying that amount. Dealers will work with you on arranging payment if they want to make a sale.
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Moderator
 Australia
16806 Posts |
I buy coins at shows with cash, but then, several thousand dollars for one coin is still out of my league. Cash helps me control my spending. I find it's all too easy to go crazy and spend too much if you buy with plastic. When I actually see the fistfuls of notes being handed over, it reminds me that it is actually my money that I'm spending.  Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
3098 Posts |
Quote:
buy with plastic Care to specify which one?  |
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Bedrock of the Community
United States
20753 Posts |
I too have seen people pay thousands for coins and with a pile of $100 bills. Usually a little scarry to see that much cash being carried. Last Sunday I saw someone pay thousands in cash for just one coin. Imagine the sellers when leaving with all that cash. Read the post about leaving coin shows. What gets me most is the way those people flash large piles of cash as if it was just $1 bills.
Of course most smart people are smart about not using plastic or a check with any person information on them. Camera phones are just to easy to use.
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Pillar of the Community
United States
2602 Posts |
Most coin shows do not accept plastic. I suggested setting up a Paypal kiosk at the show, but the request was denied.
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Moderator
United States
187582 Posts |
Quote:
Most coin shows do not accept plastic. The shows do not, but some dealers might. At the last show I went to, one dealer proudly displayed his "VISA/MC" placard. The most I have ever spent at one coin show is $200; and that time I did have to make use of an ATM on the premises.  |
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Valued Member
United States
86 Posts |
At my first show with my son yesterday my son asked me why I didn't buy the coin I was looking at so much. I said that I didn't have enough cash and he said why didn't you bring it. I said, well I don't carry alot of cash in the casino either. I man has to know his limitations. My son didn't get it, but the dealer laughed hard - then snatched the coin back from me. :lol
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Pillar of the Community
United States
2602 Posts |
I actually paid at the coin show with personal check a few times and they accepted that as long as they got your dirver's license #.
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Bedrock of the Community
United States
20753 Posts |
I go to about 2 to 4 coin shows a month. Have never seen a sign saying no credit cards or personal checks. I have seen many signs saying We or I take anything in the way of Visa, Master Card, credit or debit, personal checks, etc. Probably the only thing they don't take is money from China. Due to fear of Lead of course.
I've paid with credit cards but really don't like to nor do I ever suggest taking one there. Way to many people with camera phones standing over your shoulders.
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Valued Member
United States
429 Posts |
I would say do it one of two ways:
1. Take cash and buy what you want, when it is gone, so are you.
2. Get to know the dealer and see where they are from, it may be worth a weekend drive to buy a coin from a store than leaving a show with it.
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Pillar of the Community
United States
618 Posts |
Theese are all great tips. Thanks all. Can;t wait.
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Bedrock of the Community
United States
20753 Posts |
Quote:
Theese are all great tips. Thanks all. Can;t wait.
As I've noted many times before. IF you do take a credit card, debit card or personal check with you, be really carefull. Don't use it if there are people standing all around you. If a dealer will take those items, tell him you want to be carefull so any signing of anything must be done on the side, behind his table or anyplace where no one can see or photo your information. I've seen way to many people leaning over someone's shoulder when paying with a check. BE SAFE, NOT SORRY. |
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Valued Member
United States
187 Posts |
Yes, if you are going to buy a high dollar item most of the time people pay in cash. If the dealer knows you than maybe a check will do.
I have seen a person buy a 10oz gold bar for $9200 in cash at a show before!
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Replies: 13 / Views: 1,147 |
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Posted 02/16/2009 01:26 am
