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Is It Just My Coin Dealer?

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Pillar of the Community
nolawyer's Avatar
United States
763 Posts
 Posted 11/02/2009  1:24 pm  Show Profile   Bookmark this reply Add nolawyer to your friends list Get a Link to this Reply
One of my local coin dealer does this. He gives out Presidential dollars, Kennedy halves, 60's pennies and earlier nickels. It's a nice treat, but it still doesn't make up for some of the outrageous prices though.
Bedrock of the Community
United States
20753 Posts
 Posted 11/04/2009  11:40 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
One of my local coin dealer does this. He gives out Presidential dollars, Kennedy halves, 60's pennies and earlier nickels. It's a nice treat, but it still doesn't make up for some of the outrageous prices though.


And that is the problem if it is a coin store or hobby shop that sells coins. Don't forget their prices also must include a profit to pay for property taxes, gas, electric, phone, water bills, Then too there are those things called supporting a family with food and stuff. All that comes out of the profits from selling coins and/or merchandise. And too it he has a dog, there is dog food too.
Pillar of the Community
spaceace's Avatar
United States
797 Posts
 Posted 11/04/2009  12:40 pm  Show Profile   Bookmark this reply Add spaceace to your friends list Get a Link to this Reply
That was a good point about not using a card for purchases. I have been using cash more lately and of course you always get more haggling power with cash anywhere you go. As far as leaving a trace for tax purposes for the dealer/seller, as far as I am concerned if you want to sell without turning it in for tax purposes I am fine with that, but I am not going to do something specific to help you make it easier to avoid taxes. That is up to the dealer to handle it however he or she sees fit. I just often times don't have cash on me and always have a debit. Also, like was pointed out before you need to be careful with other people seeing your info. Basic common sense obviously comes into play as far as being careful. Thanks for the thoughts and tips.
Pillar of the Community
nolawyer's Avatar
United States
763 Posts
 Posted 11/04/2009  3:00 pm  Show Profile   Bookmark this reply Add nolawyer to your friends list Get a Link to this Reply
Although I am sure that there are some who are trying to evade taxes, I think a lot of merchants in general prefer cash because of the transaction fees charged by the credit card companies.
Valued Member
WheatBackBill's Avatar
United States
155 Posts
 Posted 11/04/2009  4:50 pm  Show Profile   Bookmark this reply Add WheatBackBill to your friends list Get a Link to this Reply
Last Sunday I went went to my local shop and my change was $5 dollars even. He paid me in 2 crisp amazing 2 dollar bills and a 72 IKE. I love that.
New Member
swhuck's Avatar
United States
13 Posts
 Posted 11/06/2009  10:14 pm  Show Profile   Bookmark this reply Add swhuck to your friends list Get a Link to this Reply
Not at all unusual for a dealer to drop cool stuff in their change. I think I got a 1919 cent that way once.

Ever so slightly off topic -- a barbecue place near where I work always gives out half dollars in change if the amount calls for it. No, I've never seen them give out a silver one. In any case, this place is quite literally in the shadows of the Dallas Federal Reserve Bank. Wonder if there's a connection?
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