why dealers like to play with your coins?

Discussion in 'Bullion Investing' started by mocylop, Oct 11, 2011.

  1. mocylop

    mocylop Member

    I had a silver quarter set that I wanted to sell at a local coin show. I talked to 5 dealers and 4 of them did this to me. They asked to see the coins and took the coins out of the box. They took a look for about 5-10 seconds but kept holding onto them for about a minute or two (one event held for about 5 minutes). The offers that I received ranged from $20 to $26; and the spot was about $31.27 so the melt value was about $28. These coins are very common so I don't understand what they were trying to do.
     
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  3. BullionBully

    BullionBully New Member

    Maybe the coins dealers have coin fetishes? After all they are con dealers. :p
     
  4. bonbonbelly

    bonbonbelly Feel MS68 Look AG3

    BullionBully...Did you mean COIN dealers?
     
  5. green18

    green18 Unknown member Sweet on Commemorative Coins

    He's definitely checking out the third side of the coin, but that don't take 5 minutes. When I buy something I'll hold it and rotate it and check out the cart wheel affect......etc. What year was the set?
     
  6. Taxidermist

    Taxidermist Collector of US/IL/RU/DE

    They attempt to lower coins value by leaving dirty oily fingerprints wherever they can, thus reducing the number of higher grade coins and making sure the coins they have become more valuable and rare. Average dealer can soil and stain up to 8800 coins/sets every year.
     
  7. Tyler

    Tyler Active Member

    Maybe the dealer likes YOUNG coins ;)
     
  8. green18

    green18 Unknown member Sweet on Commemorative Coins

    A numismaphile...........
     
  9. vdbpenny1995

    vdbpenny1995 Well-Known Member

    Are you serious
     
  10. jloring

    jloring Senior Citizen

    No. Darn it taxi, now you have these YN's believing dealers are bad people.
     
  11. Taxidermist

    Taxidermist Collector of US/IL/RU/DE

    Are you?
     
  12. Twinturbo

    Twinturbo New Member

    I do the same sometimes with coins I consider purchasing/selling
    Maybe it's a nervous twitch?
    It assures me when buying.
     
  13. vdbpenny1995

    vdbpenny1995 Well-Known Member

    Yes. Like when I first read it I laughed out loud because it was so funny. I was asking if that like what you honestly think, of course I knew that thats not the reason.
     
  14. tbudwiser

    tbudwiser Active Member

    Wooooooooahhhhhhh really???!!! :eek: I don't think BullionBully meant coin dealer AT ALL haha.
     
  15. Taxidermist

    Taxidermist Collector of US/IL/RU/DE

    You, sir, got it absolutely right! It was a humorous paragraph made for entertainment!

    The field of jokes on CT is still a grey area, mostly unexplored. Hope I did not confuse or scare anyone.
     
  16. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    One can never be too young to learn that in a commercial transaction of any sort, the person on the other side of the deal is usually not your friend.
     
  17. medoraman

    medoraman Supporter! Supporter

    I thought Walter Breen passed away. :(
     
  18. ratio411

    ratio411 Active Member

    The stealer was just trying to make sure he 'anchored' you.
    You obviously weren't leaving without your coins.
    They think it increases their chances of making a steal with you.
     
  19. tbudwiser

    tbudwiser Active Member

    I really shouldn't take people serious, especially because I am just getting into coins and when I read that (because there were not emotion faces) I thought you were totally serious. HAHA good one though man! :thumb: If vdbpenny would have never asked I probably would have attacked the next dealer that laid a finger on my coin! Hahahahahaha I think I like the joking part of this forum you want to "explore".
     
  20. green18

    green18 Unknown member Sweet on Commemorative Coins

    Along with Dr. Sheldon.........
     
  21. Kasia

    Kasia Got my learning hat on

    This thread is crazy from the start almost! Perverted coin/con dealers and quantity of quality coins reducing hand holding.....

    But It's weird you bring it up, the coin dealers I've seen tend not to hold the coin, but look at it and immediately say yes, no, and if yes, a price (sometimes really low-ball).....
     
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