Coin show visit with a plan

Discussion in 'US Coins Forum' started by hamster, Aug 3, 2011.

  1. hamster

    hamster New Member

    My show notes. Comments welcome.

    • I spent three hours at the Grapevine, TX show this past Sunday. So much more fun and more memorable than shopping on ebay.
    • Since most of the items I was looking for aren’t rare but are rare slabbed, I got a lot of strange looks and didn't see much of what I was looking for, but I wanted to give the local guys a shot over ebay
    • I looked at all the tables and made notes on a map of the show I drew. Then I sat at an empty table and determined what I would focus on buying.
    • My hit list for the show and results:
      • Only looking at PCGS or NGS slabs
      • Just looking for one good find from the list below:
        • Jefferson war nickel: I was only looking for one, but the dealer convinced me to buy ALL his Jeffersons. Poof! All money spent.
        • Franklin in a grade or year I don’t have: No low grade slabs as expected, some years I didn’t have, but I didn’t pull the trigger
        • BU or proof Silver Eagle: Plentiful, but the Jeffersons won out
        • Circulated early commemorative, e.g., Columbian Exposition: None found, but SO MANY beautiful MS early commemoratives
        • AU Liberty Seated dime: More expensive MS ones were available
        • AU silver 3 cent piece: Only one MS found
        • Proof-like (PL) designations, but not Morgans: None spotted
        • Budget older type coins: None spotted
    • Noteworthy dealers (everyone was very friendly):
      • First dealer inside the door had the best stuff. No bullion, just rare US coins. I checked prices on a few things that caught my eye, but they were all out of my price range. He said one of his old-timer customers breaks his $10,000 (for example) coins out of the slabs and puts them in albums and then carries the albums to the shows. He’s always worries the guy is going to get mugged.
      • A nice dealer showed me some Cap and Ray reals. He said they were a good value for their rarity, that there are over 200 different types to collect and that China was a big market for these now.
      • One dealer gave me a hard time about looking for a circulated commemorative. He said I should think about my collection’s future value and the bump to MS not being very large. I think he thought I was bargain hunting rather than looking for something unique. After he gave me a hard time about that, he went out of his way to show me the difference between some silver eagles: burnished vs regular, reverse proof, 2011 vs older. Super nice guy.
     
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  3. Get Some

    Get Some New Member

    hmm i splurged on Jeffersons this weekend too. Then he convinced me to buy his dimes too. Poof all money spent ;)

    Good luck completing your collections. I'll still have a few holes to fill and then it's off to the buffalo nickels I guess.
     
  4. zach24

    zach24 DNSO 7070 71 pct complete

    Sounds like a good plan, and you did good. Now show us those war-nickels :)
     
  5. BRandM

    BRandM Counterstamp Collector

    It looks like you thought things through before you went in spending money hamster. You really have to do some planning when you go to these shows so you don't waste a lot of time wandering around aimlessly. While not as detailed as your plan, I do know what dealers I'm going to visit first and what I hope to find at their tables. Once I've pretty much found what I wanted and have spent all my money then I do wander around aimlessly and look at all the things I can't afford. My want list is huge...but not as long as my "honey do" list. :D

    Bruce
     
  6. kanga

    kanga 65 Year Collector

    Bear in mind that most of the coins you were looking for are too inexpensive to slab (under $200).
    Just not valuable enough to pay the cost of slabbing AND S&H ... both ways.
    That's why you could find them slabbed in MS but generally not circulated.

    QUESTION: Were the War Nickels that you bought all slabbed?

    Franklins below MS tend to go for about silver spot ... and not slabbed.
    You generally only find the more expensive commems slabbed in circulated grades.
    AU SL dimes and silver 3-cent should be easy to find.

    You seem also the have the same problem that I used to have, what I call the "kid in a candy store" syndrome.
    Way too many things you want for your budget.
    Hard to break.
    Consider sitting back and picking one or two areas of concentration.

    Final comment:
    GREAT REPORT!
    I'm going to take a lesson from you about how to report about trips to shows.
     
  7. mill rat41

    mill rat41 Member

    I've been to one coin show in my life and I was in the aimless crowd. I had money in my pocket , but no plan. I had no idea what fair prices are, and didn't have anything in mind in particular to buy. Next time, i'll do my homework and have a plan.
     
  8. coppell_collect

    coppell_collect Junior Member

    I've had tables at the Grapevine show, but just for Sundays only when you charge $400 for a table it is hard to get that back and offer good prices to your customers. I've got some good deals there buying and trading with other dealers. I would say that over 50% of the deals done are between dealers there. I like to sell in person and buy over Ebay.
     
  9. hamster

    hamster New Member

    They are all slabbed.

    [​IMG]
    [​IMG]
    [​IMG]
    [​IMG]

    (First coin pics. Hope to get more proficient. I followed most of the how to's, but details seem lacking. And Wow! Look at those spots.)

    $130 for lot. Very pleased with the purchase.

    [TABLE="width: 294"]

    Type

    Date
    Mint

    Grade
    TPG

    Jefferson 5c

    [TD="align: right"]1942[/TD]
    S
    MS66
    PCGS

    Jefferson 5c

    [TD="align: right"]1943[/TD]
    P

    MS65

    NGC

    Jefferson 5c

    [TD="align: right"]1943
    [/TD]
    P
    MS66
    NGC

    Jefferson 5c

    [TD="align: right"]1943
    [/TD]
    P
    MS66
    NGC

    Jefferson 5c

    [TD="align: right"]1943[/TD]
    D
    MS65FS
    PCGS


    Jefferson 5c
    [TD="align: right"]1944[/TD]
    S
    MS66
    NGC

    Jefferson 5c
    [TD="align: right"]1944[/TD]
    P
    MS64
    NGC


    Jefferson 5c
    [TD="align: right"]1944[/TD]
    D
    MS67
    ICG

    Jefferson 5c
    [TD="align: right"]1944[/TD]
    D
    MS66
    NGC

    Jefferson 5c
    [TD="align: right"]1945[/TD]
    S
    MS65
    PCGS

    Jefferson 5c
    [TD="align: right"]1945[/TD]
    P
    MS65
    PCGS

    Jefferson 5c
    [TD="align: right"]1945[/TD]
    D
    MS65
    PCGS

    Jefferson 5c
    [TD="align: right"]1948[/TD]
    S
    MS64
    NGC

    Jefferson 5c
    [TD="align: right"]1953[/TD]
    D
    MS66
    NGC

    Jefferson 5c
    [TD="align: right"]1962[/TD]

    PR67
    PCGS
    [/TABLE]
     
  10. zach24

    zach24 DNSO 7070 71 pct complete

    Very nice purchases, I like them:yes:
     
  11. Vroomer2

    Vroomer2 Active Member

    Way cool. Nice work on the Jeffersons.
     
  12. mark_h

    mark_h Somewhere over the rainbow

    Nice pickup on that lot and good show report. I wish there were more shows I could make - only been to 3 or 4 small ones.
     
  13. kanga

    kanga 65 Year Collector

    Good going.
    Nice group of coins.

    Two comments about imaging coins:
    1. Use a non-reflective black or dark gray background.
    White backgrounds tend to overpower the camera/scanner and wash out the coin.
    I use a piece of dark gray construction paper like elementary school kids use.
    2. Because coins pictures end up larger than what you see in the real world, you also see defects that you didn't see with the coin in hand.
    This is particularly true with proof coins. Beautiful in hand; disturbingly ugly in large images.
     
  14. texmech

    texmech Wanna be coin collector

    I am surprised that Jeff got a 65 grade with those spots, but then again if that's true I understand what can go for a 65 better.
     
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