A Newbie's Wish for Coin Shows

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Because if you had a master list then someone like you or me would use it and many times get a better deal I.e. The system only benefits the customer and the dealer with the best deal. Anytime someone standardizes coins Like tpg's the losers are always the overpriced dealers. Only dealers with highly competitive rates would want to participate in you're proposed system.

Disclaimer.

Yes I know that every coin is unique and that a crappy coin in a good holder is still a crappy coin. But you get the point I'm making.

 

John Anthony: exchanged texts with my ancient dealer buddy. He is well aware of the NYCINC show, but it is not on his rotation. That show is for the "big dawgs."

 

Found this today.

http://www.collectorscorner.com/TradeShow/TradeShowInventory.aspx?tradeshowid=34

Any thoughts?

 

I think your asking a bit much for every dealer to have an inventory list.

However, I think every coin show should at least have a list of every dealer that is scheduled to set up at the show.

 

Security might be one legitimate reason why folks would be less inclined to be thorough or even truthful in what they have on-hand. Oddly enough, some dealers might intentionally lie or mislead the public into thinking they have certain pieces that they don't have and, when someone arrives, they might simply tell them it sold "just a moment ago".

I've been doing shows for a couple of decades, but I don't have an enormous inventory, which means that I have great experience at shows and might even be a good test subject for the idea. My initial thoughts on this are that one would likely have to hire a new person on a daily basis for this work or would have to assign additional responsibility to someone who might already be taxed with lots to do already. Even though dealers get slammed on these boards for being lazy or whatever, I must admit that my time is fairly precious at a show. It isn't all buying and selling; there is quite a bit of meeting up with clients, meeting potential new clients, reinforcing business relationships, teaching collectors, planning auction strategy and walking the floor looking for new coins.

I use carbonless, professionally printed receipts at shows and the great majority of those dealers who declare their tax income properly do so, too. Truly, I think once one gets up to speed with electronic record keeping in real-time that it should be able to be done by a certain population of folks. I wouldn't imagine that I would engage in this since I intentionally withhold coins so that I can offer them to my clients from my site. Additionally, I don't always know what the most fair price is for a coin once it is purchased and don't want someone asking me about the coin prior to my own figuring on the piece. Overall, I think the idea is great, but I think at this time there are enough impediments in its implementation and continuous usage that most will not embrace the project.