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Replies: 14 / Views: 2,249 |
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New Member
United States
21 Posts |
I finally dragged myself down to visit my local coin shop after reading through this forum and being influenced by your postings. I have never set foot in one in my life since I just buy bullion on ebay for wealth preservation on occasion. The only nice, collectible coins I have were in lots of 90% junk I picked up at bullion price. I learned a few things that were surprising to me while in the establishment; Coin guys don't understand why I would ask for scruffy and/or xf gold coins. Coin guys give you a blank stare when you ask for the scratch and dent silver bullion bin. Coin guys don't understand that a quarter eagle is not the same as a 1/4 ounce AGE(THAT was surprising!) Coin guys are very helpful when you buy a few air-tites and have them submit a MS dmpl Morgan to PCGS on your behalf. Coin guys are good folks...they're just not coming at this thing from the same direction I am. I will now have to visit there often to spend my money as well as visit here to expand my knowledge. You guys made me do it 
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Bedrock of the Community
United States
20753 Posts |
I well know what you went through. For some strange reason there are many coin dealers that use the internet, go to coin shows, have or work in a coin store. Some only do one or the other. For some reason if a coin dealer opens a store, they just don't understand how to work with the public in person. Some really don't care if their web site or coin shows do real well so how they treat or deal with customers in a store is not important to them. One such coin store I know does so well on their web site and the location of the store is such that they do well regardless of how they treat or discuss with customers. Many such stores also want to only sell items for as much as possible for the greatest amount of profit. Your problem is you want to be treated as a real, true to life, customer. It's not that they are coin guys, they are just in buisness to make as much money from you as possible. Go there often so they get to know you. Right now your just someone passing by and may never buy anything.
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Moderator
 United States
16677 Posts |
Quote: Go there often so they get to know you. Exactly. Once they get to know you and you them, you will have a more comfortable experience and they will feel the same with you. You won't get that feeling that your asking to see for example, their junk bin or scrap. It's nice to get to know them. Sometimes, I will just hang around my local shop just to watch people come and go and see if they are buying or selling.
swcoin.ecrater.com
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Pillar of the Community
United States
3499 Posts |
Quote: Once they get to know you and you them, you will have a more comfortable experience Very True! Powerkicker- Don't worry about what the dealer thinks of you because they will be happy to be rid of some of their junk bullion or other "dead" merchandise. I love Asian coins, but around here I am the only person who buys them. Since my local dealer throws all silver Asian coins into the junk silver and all copper coins into the 25 cent junk bin, I always ask to look at these. He is happy to be rid of the stuff, and I am so happy to find such esoteric coins. I must admit that I have found the opposite to be true on occasions when I buy from dealers who are not familiar with me. In fact, I have a rather humorous story about how I bought a few Chinese cash coins and a few coppers of the Indian Princely States: As I paid the dealer, he said "I don't see why anyone would want that crud. No one on earth can read them." I then replied in a nice, amused manner, "well certainly native speakers can, and if one cannot, then just a bit of studying allows you to become familiar with them." He then responded, "I tell you what, I don't know why you would want to read that. As it is, we're gonna be at war with China and India soon!" At this point I was so bewildered (and trying to hold in laughter) at his comment that I just walked away. haha
Edited by Archraz 01/24/2010 3:37 pm
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Bedrock of the Community
United States
19935 Posts |
Quote: Sometimes, I will just hang around my local shop just to watch people come and go and see if they are buying or selling.
HAHAHAHAHAHA....me too! I'm tight with the owner. We just sit around and talk for an hour sometimes. After a "one time" customer leaves I go over and inspect the stuff he bought, it's fun to see fresh material.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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New Member
 United States
21 Posts |
Thanks for the input. I left with an overall good feeling about the folks there at the shop. They were gracious enough to look over a morgan I brought in and let me know if it qualified for deep mirror proof like before submitting it to PCGS. They also went out of their way to find me some air-tites for my few pieces. They really did kind of go blank on the "Do you guys have a scratch and dent silver bullion bin?" query.
Sending that Morgan in for grading has also given me a bit more interest in collecting numismatic stuff, which I've never felt much need to do before. The guy there just may have made a collector out of me by spending the time it took to look over that one coin. Time will tell...
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Bedrock of the Community
United States
11951 Posts |
Interesting story. I hope you do spend more time at the coins shops, I go a few times a week. Also interesting is .. you buy bullion on ebay .. and want coins form the scratch and dent box .... How did you end up with a DMPL morgan .. is there a interesting story there too ..
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New Member
 United States
21 Posts |
The Morgan was bought as bullion in a lot on ebay for $10 when spot was around $8.
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Bedrock of the Community
United States
20753 Posts |
Not to change the coin part of this story but the same holds true in many buisnesses you konw. For example there is Chinese Restaurant in my area. Don't go there a lot but the owner has a great memory. When I do go there, I am greeted with a big smile and a glad to see you back again. The portions of my food seam much bigger than the other people in the place and my waiter is there as fast as possible. At a clothing cleaner I frequent I've found my shirts are done much better than others I know that have tried the place once. I've told them you should go there for often so your known, not just a passer by. At a coin store I visited once, due to a worker there I knew, I was at first sort of ignored. Not really paid to much attention to. Then the guy I knew came out of the back, greeted me and all of a sudden I was a king or something. Every one was now friendly. People are just people everywhere. They have to get to know you and you them.
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Valued Member
United States
429 Posts |
The more you go in, the more they will get to know you. I know that I have said this in other threads, but I really miss my old coin store. I would go in at least 3 times every couple of weeks and always buy something no matter what. As I kept coming in I was recognised and soon would spend more time talking than looking around. After two years they would set stuff aside for me to look at first before they sold it to others and would always give me my familiar corner to look through items. The best part was when I made the level of being able to look through the bulk buys before them and get to buy them for almost nothing and them being happy that I found something of value to me.
I really agree with Carl, the more you go somewhere the more they get to know you and treat you better. It is always nice to go out to eat and your favorite waitress comes from the back (and out of her way) to sit you in her section and catch up on what has been going on since the last time you were there.
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Valued Member
United States
371 Posts |
Quote: HAHAHAHAHAHA....me too! I'm tight with the owner. We just sit around and talk for an hour sometimes. After a "one time" customer leaves I go over and inspect the stuff he bought, it's fun to see fresh material. Most of the time, that's what I do at my Local Coin Shop, just sit and talk for an hour or two, and look at coins.
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Pillar of the Community
United States
1304 Posts |
I went to the coin store yesterday and bought a 1886 Morgan and a 1912D Liberty Head nickel. That was my fourth time I have visited the store since I started collecting and I noticed the owner is starting to remember me, and takes the time to answer all my questions. He owed me .50 change and gave it to me in the form of a shiny 1994 Kennedy half. That made my day. I am going back next weekend. 
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Valued Member
United States
439 Posts |
You might want to try shopping around before you settle on one coin shop. Some are different from others not just from the stock they have but also the personalities behind the cases as well as the knowledge they have. If you're into copper you might stumble on a guy who is big into copper too and has a nice selection of copper in his shop while another guy is into mostly gold and so his shop leans in that direction. Most seem to carry a bit of everything but you can find some differences that are interesting.
You need to hit a show too. Search for some in your area on google and check it out. They're fun too.
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Valued Member
United States
83 Posts |
We only have one coin shop in the whole of Western Kentucky. It is in downtown Paducah and has been a family owned business for over 50 years or more. The family are very gracious and helpful. I cannot remember ever having to pay 'book value' for a coins I have needed. I am sure there are those I would have to pay full price if I asked for those. But, they are indeed a business. I love the way they spend time talking to children who come into the store. They often give him a coin he is caught gawking at when we go into their store. He loves to go and that is good business. I never feel 'held up' when I purchase anything from this family. I have an erry feeling that at this point in their business life they are simply having fun and doing a great business because of it.
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Valued Member
United States
83 Posts |
Good grief...I have to start Previewing my posts!!
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Replies: 14 / Views: 2,249 |
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