Please show me your good deals at coin shows

And how is this different from C-B-D's coin above, that you said "looks great"?

Dealer error in not recognizing the rim variety?
How is that different?

 

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I SO want to hit 'LIKE' but I just CAN'T!


Doug:

I must be aging, since we are starting to think alike.

Vegas Vic:

So, the 13 1864 L Indian Head cents that I purchased as regular (no L noted on the 2X2, are simply dealer errors?

How about: great cherry picks?

I guess not.

 

And as a dealer isn't it your place to know. I pulled 7 silver coins out of my local dealers junk foreign bin last month for 20 cents each. They don't specialize or care about foreign coins so all the non US coins (with exceptions like I bought a 1902 peso and a 1936 UK crown out of there main case) just get tossed in that junk bin. They likely paid the person selling them a penny or two per coin and didn't want to go through them so they just threw them in the junk bin. I could probably go back in and ask spot for them and make a profit if I wanted to since I know they are silver and my knowledge would allow me bargaining power unlike the unfortunate person who initially sold them.

 

This one was a pretty good deal for only $9 or $10

This one was pretty good out of a $4.00 mint set .



This one was a top pop for the longest time and is fairly difficult to locate. When I bought it for around $15, it wasn't in the CPG.

 

That's funny since a "good deal" can mean just about anything Vic.

From simply finding that coin your looking for to having a dealer agree to knock some money off of his asking price.

Just like coins, not everybody has the same opinion about what is or isn';t a good deal. It's all about the buyers perspective.

 

A "good deal" can only be ascertained and validated when one resells their coin.

 

Well... but how can you distinguish "I got a good deal when I bought it" from "somebody else got a bad deal when I sold it"?

 

If you look hard you'll see I posted nothing the only good deal I got I sold

 

It's all semantics. I'm not saying anything negative about your purchase. But I don't think that the dealer pulled you aside and told anyone that they were intentionally selling a thousand dollar coin for a hundred dollars. The dealer didn't know better. Had someone pointed it out to him he would have very likely changed the price. Ask the guy after he sells the coin how he feels and a likely answer would be "I made a mistake" thus dealer error. It was not intentional. He didn't sell you a pcgs common date ms65 Morgan for $50.

I have no problem with cherry picking. Pick away. I guess I will refine my opinion to "I don't see very many intentional deals at shows" that's great if a collector can capitalize on a dealer mistake.
I'm not going to study coins to the point where I have the knowledge base to catch dealer mistakes/cherry pick. Same concept different label.

I enjoy coins as a hobby. I have to follow so much information for my job I have no personal interest in studying coins for large blocks of time. I enjoy them greatly as a hobby. I'll go to a show once or twice a year. Personally I will make more money per hour on the job then studying coins for cherry picking. I understand some study and cherry pick as more of a hobby then money making pursuit. I have nothing against this either. It is just not for me.

So from my perspective I've seen very few examples where a coin dealer at a show was intentionally selling "bargains". This is just my experience. And again I'm not the only coin collector with this personal experience.

 

Only if he had old inventory that he/she wanted to unload.

Actually, this did happen to me one time, an 18966 S quarter, slabbed as a G-04.
The dealer had the coin for several months, and it hadn't moved.

He gave it to me for back of bid.

Ha also said: "I hope you have better luck with it than I have had."

 

And I think that is really cool. It's just from my perspective those events are few and far between. I haven't seen many people post those examples. And if you assume a somewhat constant rate between dealers offering those back of bid deals my math tells me I will do better online finding deals using filters then I will find at shows, simply because I can go electronically through more dealers inventory quicker online then at a show.

 

"So every time I post my opinion about shows being bad places to buy at least one person will chime in about how good the deals are."

This thread is like a bad penny in that it keeps turning up.

What is the purpose of posting you're opinion about shows being bad places to buy? For every story you have about bad prices at coin shows somebody else has a story about the great deal they got at a show.
If you don't like to purchase coins at shows OK, don't purchase coins at shows.
End of story.

 

What's the purpose of posting anything? Isn't this a place where people who love coins chat on all matters coin? Obviously this is an issue that effects coin lovers enough good or bad that people talk about it. It is still called coin talk right?

 

I will casually disagree since, again, its all in the buyers perspective.

When I spent $2,225 one a single cent, some folks might say "WTH is wrong with you?"

To me, it was a "good deal" primarily because I wanted it, I had the money, and I KNOW that when it comes time to sell (if its even me doing the selling) that it won't go for $10.

It was, the only one of its kind at the entire show. I know, because I checked every dealer.

So............regardless of what I paid, it was a good deal. Others may not view it the same way.

 

I have the perfect example. Last month I bought 4 barber dimes from a dealer at a show. The dealer simply marked the holders UNC and I bought each coin for $130 each. The 4 coins are on the way back from NGC currently grading MS64, MS65, MS65, and MS66. Are you going to consider a dealer who doesn't know how to grade dealer error as well?

 

What were the dates that sounds like an awesome score, $130 for a MS66 barber dime I'd pay that in a heartbeat.

 

If I posted all of the "good deals" I got at coin shows, and from dealers, this thread would have HUNDREDS of pictures just from me (they are already up there on other threads). What I have called you out on is the dismissal of dealers, both at shows and in brick and mortar establishments as being merely in it to gouge the coin purchasing world. That is a stereotype, and a cruel one. A good collection has a balance of where the coins are obtained from---dealers shops, shows, online, estate sales, friends selling and trading, etc. You(Vegas Vic) are looking at only the "dollars and cents" aspect of the hobby, and much of it is the quest for a really nice coin at a MUTUALLY ACCEPTABLE price. I absolutely refuse to trash dealers, as many of them are friends, and we do each other favors,depending upon the market. My purchasing habits have been to spend a fair amount of money with whichever source does well by me, and numerous sources have been mutually rewarding for me and my collection.

 

This doesn't count.

Vic stated that it only counts if the dealer knew that it was a $1,000 coin and sold it for $100.


In order for that to be true all of the dealers would have to be idiots.

Therefore, using his logic, no one can dispute his argument, especially since it is specious.


specious
[ ˈspēSHəs ]
adjective

1. superficially plausible, but actually wrong:
   "a specious argument"