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Replies: 8 / Views: 2,092 |
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Valued Member
United States
359 Posts |
I am slowly completing a 7070 and have purchased all the 1950's and newer in proof, so now I am on to the classic side of the coins. I am typically targeting the highest grade I can afford, so that steers me to a common date. The first couple I am looking at are the Walker halves and Flying Eagle cents. I have taken, what I think to be a thorough look at online dealers, considering their reputation on coin forums, selection and pricing and have been steered to harlanjberk.com. I have read some good things about them, but when comparing prices it seems that at least for the coins I am looking at above, that they can be won on teletrade for a similar price in a PCGS or NGC holder. Any comments on my thought process here, on the pros and cons of buying from each of these, etc. Are there other avenues I should be looking? I have been to the 2 local coin dealers in my area a few times, but have not been impressed by the selection or pricing. I am not tied to having the coin certified or not, but buying online does make it difficult to determine the higher grades on raw coins (thus I would want to buy from a reputable dealer). Any assistance would be appreciated.
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Bedrock of the Community
United States
12437 Posts |
Harlan Berk is a good online dealer, they have gotten several hundred of my dollars in the past two or three years  They are also good at describing problems on coins in their online inventory. Keep in mind that the final bid you see at Teletrade is not the final price the winner will pay. You have to consider the 15% buyer's premium along with shipping and insurance charges.
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Valued Member
 United States
359 Posts |
Thanks for the reply. If all things are equal I would guess more people would buy a PCGS graded coin from teletrade vs a same grade raw coin from HJB.com.
I see the $8 min. buyer's premium or 15% (does not apply on Tuesdays, but I suppose people just bid more then) on teletrade and shipping is comparable on both sites. Didn't know if there was an opinion one way or another.
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Moderator
 United States
23522 Posts |
It's not a simple decision. Your first post indicated someone who is not afraid to devote some thought to things, ngs428, so you must understand the need for patience with auction-style offerings. Yes, the good prices may be had, but the better the auction house, the greater your competition.
OTOH, a reputable online dealer (there are many; some better than others with certain issues but that's more a function of their own leanings than a reflection on their overall quality) might charge you a bit more than you could do at an auction. But you know the price, and you can decide whether that price is appropriate for you. There are many highly-reputable online dealers; don't hesitate to ask specifics for specific coins.
Do not limit yourself. Concentrate, first, on learning the generalities of grading and authenticating coins; then go look for the one you want. If you're willing to exercise (what some might consider extreme) patience, you can choose the next issue you want to buy, and then learn enough to make an informed decision about that specific coin. Find it, then move on to the next.
At some point in the process, you're going to realize that people around here are asking you the questions, instead of vice versa. Then, you'll understand the true reward of numismatics.
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Bedrock of the Community
United States
20753 Posts |
As to your questions I always suggest you look into any coin shows in your area. Also, if you live near a border of a few States, you check out all of them. There are coin shows all over in some places and several methods of finding them. On some dealer web sites they list coin shows such as on https://www.coppercoins.com Also, some places like Google or Coin Wold also list coin shows. If you do such a search note that not all coin shows are listed in all such listings so several searches sometimes is required. Also, you may want to try local coin clubs if there are any in your area. Such places will usually have the best prices and you get to konw people too. Makes a little more fun in this hobby. Always be carefull of any on line dealers. There are some that are consistantly good and then slip away into a place you would be sorry about. Although it appears to be a great way to find out which on line dealers are OK to deal with, remember that you don't know who is saying what about them. You may well be listening to the owner or an employee of a company, not someone that deals with them. On the internet you have no idea of who is who and regardless of who says what, it's your money, not theirs, so they really don't care about you. Good luck finding what you need for that collection.
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Valued Member
 United States
359 Posts |
Thanks for the assistance. I have been trying to stick to 2 issues at a time and become familiar with them. It has been almost a year since I added something to the 7070, so as you caught I do put some thought into things.. Again, thanks for the feedback.
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Pillar of the Community
United States
4085 Posts |
I would think you would be able to find a Walker half at a coin store in nice uncirculated condition pretty easily. I don't think you will need to buy a certified coin to get a nice one for this series. One thing I have found is that if you just look at a coin in the case, the price on it may be high but not be the real price. Although I am not a natural born negotiator, what I find that works well is to ask something like "what can you do on this 19xx Walker half?" or "do you have any room on this Walker half?". If they say no, then just say "ok, thanks - it's a nice looking coin - let me think about it" and keep looking. The Flying Eagle can be another story if you are looking for a high grade coin. May be some work involved there but they are out there and can be had. My advice here would be to start watching Teletrade, Heritage, ebay completed auctions and get a good feel for the going price for the grade you are looking for. At that point, it should be just a matter of finding something at that price that calls you name when you look at it!
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Valued Member
United States
104 Posts |
thanks Ken, that was an informative little bit there. Good topic!
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Valued Member
 United States
359 Posts |
The walker will not be too hard to find. Just need to pull the trigger and buy it. Seems like that is difficult to do sometimes. Like you mentioned, I need to find one that calls my name when I see it.. Guess maybe I am deaf or just haven't found that one yet. The main issue with the coin shops was the lack of selection on certain issues. At the time I frequented the coin shops was when I was looking for a flying eagle. In terms of price, one dealer said that he is selling these at RedBook because he can sell these all day at that price. They did have one I was considering, but not at that price. I did purchase a few other modern coins and negotiated down the price, bundled a few together, anything to get a good price. I heavily scanned through the completed ebay listings and active listings for a few months looking for a flying eagle at a good price. I was amazed at what people would pay for most of the coins. For a flying eagle I was looking at something I would grade VF20. It seemed like the deals were very few and far between on ebay. I haven't looked there much at all recently and have been more focused on teletrade and other online reputable dealers. Thanks for all the replies everyone.
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Replies: 8 / Views: 2,092 |
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