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 Replies: 20 / Views: 3,148 |
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Pillar of the Community
United States
629 Posts |
No one that I know wants to pay retail. Does anyone really buy coins at retail or full trends? If you do, WHY?
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Pillar of the Community
United States
7840 Posts |
Not if I can help it. All depends on if I really need/want it.
Edited by oih82w8
06/28/2011 10:47 am
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Valued Member
273 Posts |
During the recent dip in silver prices, my favorite local coin store was selling common circulated silver coins for melt value. I guess that would be considered "retail". I would 'a bought if I had been a dip buyer... but no.
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Pillar of the Community
Canada
576 Posts |
I do a lot of buying and I do a lot of selling. I am not into the mint state market a lot or the high priced collector coins and when I get these I'll send them to ICCS to boost my sell price. No one wants to pay book value for coins. In most cases I can buy at 25 to 40% of trends (or less when I'm lucky) and hope to sell at 50 to 70% of trends. When I'm buying I'm fully aware of what I can likely sell a coin for. There are only two coins I'll pay 60 to 70% of trends for at the moment because I know I can likely get 80 to 100% of trends when I sell: the 1884 C-1 large cent and the 1891 Handle on C large cent. Both are scarce and demand collector attention.
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Valued Member
United States
287 Posts |
the last time I went into a brick & mortar store, I saw a couple of items of interest. When I inquired about the price, I was shocked that it was so high compared to what I'd been buying from forums/ebay, so I politely declined and left. That was about 5 years ago, and I haven't set foot in a coin store since. I know they have to make a living, so I'm not rude about it, but I don't buy from them or waste their time with my presence....
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Pillar of the Community
Canada
1554 Posts |
 I remember back in 2002 speaking to a fellow collector at our local coin shop. He told me to give E-bay a try, I heard about E-bay, but was very reluctant in buying anything on the internet. After being coerced by this collector for months on end, I finally gave in and signed onto E-bay in 2003. I havn't stepped foot in a brick and mortar coin store since, nor have I paid full $ trends on a coin since! The rest is History! glenzy1  |
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Pillar of the Community
Canada
1923 Posts |
Like you say no one wants to pay full trends but for scarce coins I don't mind but like everyone else I'm also looking for a deal. I think as for ebay it was the worst thing that probibly could of happened for coin shops, but for the buyer it was a window to the world for scarce coins that the local shops did not have and wouldn't even try to find for you. I think anyone who owns a coin shop better open there eyes and start giving top notch service to the people coming into there store. I live in Vancouver and a lot of the coin stores here could care less what your looking for and if its not on the shelf or in there show case forget it you its not available that why they don't have it. I very seldom even enter a coin shop anymore I'll buy at coin shows, online auctions and ebay and take my chances on raw coins. I think coin shops have to change there ways. Just my thoughts on it I used to spend a lot of money in coin shops. |
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Pillar of the Community
Canada
1442 Posts |
I have never bought from a coin store and never will. You're guaranteed to pay at least 50% less if you buy on ebay, Torex, or other types of auctions. I dont see more than a few coin stores in the country surviving over the next few years. |
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Pillar of the Community
Canada
1166 Posts |
I hunt for deals. A penny saved.....
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Pillar of the Community
 United States
629 Posts |
I have bought a coin at the list price that the dealer has asked for. That is different than buying it at full trends. I gladly paid the $80 for the 1955 PL set a few years ago - that was the dealer's full list. I have paid for coins at shows at the full list that the dealer is offering when I knew the coin was worth more than what I was paying. But to walk into a store and pay full trends - no, I would back off. At least I think I would - I guess it just depends on how I am that day and what my wallet can withstand.
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Valued Member
Canada
123 Posts |
I'm still new to this, but I have been visiting several coin shops in the Toronto area and shopping on ebay. I have been finding deals at both and could not choose which one I prefer shopping at most. I'm always hunting for the better deal! But I do agree with Papeldog and others , that the service at most coin stores (except 'Central Stamp & Coin') has been quite rude or terrible or the staff are just simply uninterested in helping someone...I guess I'm not spending enough $. Whatever the case, its a big discouragement to a new collector and has me turning to ebay more and more. |
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Valued Member
United States
259 Posts |
I do all the time. Why? To get the coin I want. edit: actually Colhand1 said above what I meant: Quote:
I have bought a coin at the list price that the dealer has asked for. That is different than buying it at full trends. Edited by chasinva69
06/28/2011 5:06 pm
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Pillar of the Community
United States
648 Posts |
my local coin store usually $ 5.00 less than ebay's for common silver and no shipping ;) |
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Pillar of the Community
United States
1064 Posts |
I'm the same as most others, I think. I mostly buy at coin shows, and ebay; my last trip to the show, there was a bunch of common Franklins I wanted, they seem to go for $15 to $18 from what I could see looking online. One dealer who always has a very impressive setup, like he seems to have multiple, really nice examples of every modern US coin, and he was getting $17 to $19; another, smaller, one-table guy, he seemed OK, friendly, and he was in the $16 to $18 range - I bought a bunch from him, he knocked a couple bucks off each, w/o my asking (from a thread I once read here, maybe don't ask for a deal first time?) I was happy, he was happy, and I will do business with him again. Were his prices full retail - I don't really know how to quantify that. I'm also weak, and when I want something, all good sense goes out the window. |
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Pillar of the Community
United States
7197 Posts |
Only when I buy from the mint.
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Valued Member
Canada
103 Posts |
I'll pay full price if it is a finest graded example...
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Replies: 20 / Views: 3,148 |
Posted 06/28/2011 10:43 am
