GDJMSP

A coin show is an excellent way. But have some idea of exactly who at the coin show you wish to talk to first.

What I am trying to say is this, many collectors make a common mistake at coin shows when they are trying to sell their coins. They think that need to go to every table there looking for the best price. Well, you won't get the best price that way. What you will get is largely ignored.

You see the dealers at the coin shows depend upon the other dealers for 90% of their business. So when someone starts making the rounds like that, word gets around rather quickly and the dealers will just say not interested.

Your best bet is to talk 2 or 3 dealers and that's about it. Then take the best offer from those. Of course it helps if you know a bit about certain dealer's reputations, and then you talk to just those dealers.

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luc87

What about ICCS?

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Eh! Luc
#of coins found in rolls: 315

GDJMSP

Did you look at when that post was made ? It was in 2004. At that time there were many people who had never even heard of ICCS.

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coinlvr

Buy the coin, not the slab. The coin is what the coin is, no matter who slabbed it. A dealer cannot be judged by the company who slabbed a coin he has.

Mark Feld

That's not necessarily true. If you see a dealer whose inventory consists primarily of (I'll be kind, here)coins graded by "less respected grading companies", that can be a sign that he is trying to take advantage of uninformed collectors.

coinlvr

...or it can mean he has bought alot of coins from a particular source that liked that company. The "bad" grading companies underbrade coins also. All I was stating was not to judge a dealer by his inventory. Most "brick and mortar" coin shops will not try to cheat anyone as they cannot easily hide.

Mark Feld

The situation you described sounds like an unusual occurrence, whereas I was speaking of "a dealer whose inventory consists primarily of...". Sure the "bad" grading companies under-grade too - it's just that they do that far less frequently than they badly over-grade. And, whether they can easily hide or not, plenty of "brick and mortar" coin shops try to rip people off.

coinlvr

Must be a southwest thing. Too much competition betwwen stores in the midwest. Not that all dealers up here are honest, but the majoity are. Everyone needs to be careful, but the last thing a dealer around here wants is a reputation for ripping people off. We have 5 stores just in the town I live in. If any of them ripped people off, they would have NO traffic and would not remain in buisness long.

Mark Feld

That's good to hear.

Jim M

Been collecting for about 40 years, I have dealt with hundreds of dealers over the years. My personal experience is that most dealers will take advantage of a person if they dont know what they are doing. NOT ALL, but most. It might be an old lady coming in with 20 morgans and the dealer says its bullion, pays her and when she leaves makes a statement like. Dang, look at this 85 its a CC. <--- seen it happen. There are honest dealers out there gang. Find them and deal away..

If i seen a dealer sitting with a bunch of alphabet slabs, I would question why they didnt free them and grade them accurately and sell them. I know the difference as do most who come here. Does the alphabet slab say its genuine? Are the grades accurate? NO TO BOTH.

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britishindia

hi i am looking for britishindia coin dealers.
contact me at my website www.bharatcoins.com

spock1k

i have read your website instructions on cleaning coins not only are they wrong they damage the coins. Man i hope you are not putting toothpaste on your coins to clean them

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FreakyGarrettC

LOL he left CT and made a coin forum on his site.

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KomkaCoins

I buy collections all the time and if there are lower end company slabs and someone sees them on my site your saying that my customers or potential customers would devalue me and my company solely on the holders?

KomkaCoins

Not trying to be confrontational but I am curious. How many "brick and mortar" shops have you been to that you feel try and rip you off? Or is it just the prices listed on coins?

We have been on the same street since 1980. We couldn't of been in business that long if we ripped off people. I do think there is some that out there but i think it is a small percentage. Wouldn't that make them go out of business?

Some shops have different levels of overhead and grade/value coins differently. So I can see how you could see it differently.