The Future Of The Brick And Mortar Coin Shop - Page 4

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Author	Replies: 55 / Views: 7,232	Page: of 4

just carl Bedrock of the Community United States 20753 Posts	Posted 08/19/2010 12:05 pm Quote: The old coin shop was like the barber shop. You enjoyed the conversation and received the benefit of quality friendship. This all ended when money became the prime motivation in a persons life. I too had a need that required immediate cash. WOW is that ever true. That made me remember way, way back when I was a kid and there was a coin store near me called Casy's. Even though I was a kid I could go in there, talk to the owner for a long time about coins or anything. I remember other customers coming in and doing the same thing. Darn, sure wish I could find a place like Casy's again. Report this Post to the Staff
lorax Valued Member United States 162 Posts	Posted 08/19/2010 4:16 pm Quote: WOW is that ever true. That made me remember way, way back when I was a kid and there was a coin store near me called Casy's. Even though I was a kid I could go in there, talk to the owner for a long time about coins or anything. I remember other customers coming in and doing the same thing. Darn, sure wish I could find a place like Casy's again. You have found a place like Casy's, it just isn't a physical place, it is an internet forum. It isn't just TPGs and e-bay that impact the B&M stores, forums such as this one that let you meet and talk with hundreds of other people who are interested in coins also reduce the need for having a physical place. I wonder how this affects coin clubs. Report this Post to the Staff
Waredu Valued Member United States 397 Posts	Posted 08/19/2010 4:38 pm What's a coin club? Well, let me rephrase. Where would one find a coin club - because I haven't seen one that actually meets. Back in the day, sure - but now? Report this Post to the Staff
CEOcoinshop Valued Member United States 186 Posts	Posted 08/20/2010 10:30 pm Wow, not sure I want to get into this one.... I have a B&M coinshop. Last year I just expanded/remodeled. Now 5100 sq ft. I love my customers (even the cranky ones). I try to make the place like "cheers" where everybody knows your name..... funny most of my customers are John Doe (privacy issues). Well go ahead guys... let me have it...... Report this Post to the Staff
Coin Chaser Valued Member United States 307 Posts	Posted 08/24/2010 2:13 pm I posted on this topic previously. I just returned from a stop at my coin shop. The discussion was concerning ebay and two previous owners of the shop. Both of them continue to buy and sell coins but from there home. They have a client base and continue buying and selling. The present owner admits that he feels that the previous owner had planned all along to continue in business. The sales volume indicated when the sale took place did not continue. However he has made a success of the store by adding other buying opportunities in antiques. Most of his coin sales begin over the phone or inter-net there are a few walk ins but usually they want information on value of a coin they have. Some buying and selling takes place. You must consider the inter-net as a threat. Good Luck Report this Post to the Staff
weavus135 Pillar of the Community United States 539 Posts	Posted 08/24/2010 7:32 pm waredu there are still coin clubs (I confess I do not attend any meetings) but there are like 3 or 4 in my general vicinity. No shops worth a darn but clubs!! I just did a google search on 'my city name' coin club. Got a hit and found out it is still around (like a bazzilion years now) Report this Post to the Staff
weavus135 Pillar of the Community United States 539 Posts	Posted 08/24/2010 7:36 pm my only complaint about coin shops is that there are none in my area that I've found that either care or carry anything for a common coin collector. What I mean is I can find plenty of expensive silver (or other precious metals) but try and find a nice 1965 anything foreign is not possible. And I guess I get that because it costs to much to turn a few dollars worth of coins vs. turning a $200 Morgan. But like I did when I was heavily into stamp collecting, I spent a lot of $4 trips into that store. And I will ask again, if someone knows of a coin shop in San Jose, CA (yep, I live there) that has something other than a 'junk' box of dark side, let me know. In fact, if you know they have a 'junk' box of dark side and really don't mind if that is all you are interested in, then let me know about them as well. Report this Post to the Staff
zeewool Pillar of the Community 3660 Posts	Posted 08/24/2010 8:43 pm Quote: I started to wonder if we, as collectors, have a responsibility to the local coin shop. Not a responsibility out of guilt, but perhaps a responsibility out of passion for this hobby we love. Quote: A coin store must pay for rent or a mortgage, water bills, phone bills, gas bills, electric bills. Then they have building maintenance such as furnace or A/C, sidewalk shoveling or cleaning. Window cleaning and numerous other items and all out of profits from coin sales. Then there is that other one small item called food and supplies for their families and again, all from the sale of coins? The two most important quotes of the thread IMO. What would be the consequences of the disappearance of the B&M ?..... A lot of folks are already finding out. The same fate awaits many of the online dealers as well....competition is very, very tough for all businesses right now. The B&M is like any other business, the small time farmers are gone. Only thousand plus acre farms remain, the five and dimes are gone, only Walmart remains. Either grow or disappear, and in order to grow, efficiency must rule, and if efficiency equates to personality as well as knowledge and inventory, then so be it. CEOcoinshop sounds like he is on the right track with his business: Quote: I have a B&M coinshop. Last year I just expanded/remodeled. Now 5100 sq ft. I love my customers (even the cranky ones). I try to make the place like "cheers" where everybody knows your name..... funny most of my customers are John Doe (privacy issues). My sincere wishes for continued success CEO, stay your course. If the B&M is to survive, the collector as well as the dealer must take responsibility for that survivability. Dealer and collector are entwined in a symbiotic relationship, they depend on each other, they need each other. With the closure of each small B&M, the options of the collector become smaller and smaller. Eventually, a time may come when there may be only online 'superstores' left, with little personality, poor customer service, little competition, and the means to set the values on pricing. (And no, I am most definitely NOT a dealer). (Just a dreamer). Report this Post to the Staff
freebird New Member China 2 Posts	Posted 08/25/2010 9:22 pm Buying coins through a brick-and-mortar store has many advantages over ordering online. The customer sees and handles the coin, and can ask questions and barter in person without the lag time caused by answering emails or voice mails. It is a lot harder to open a retail store than to set up shop online, but the rewards of talking with customers in-person is an advantage for some coin dealers. Report this Post to the Staff
vanbroj Valued Member United States 450 Posts	Posted 08/28/2010 9:24 pm The big problem with some local coin shops is , they just don't have any selection when it comes to coins. You either have to go to a coin show or ebay. Report this Post to the Staff
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