What dealers would you not recommend

I think it's a bigger risk to purchase an over-graded or cleaned coin than to pay too much for a properly graded nice coin, so saying that a dealer is high priced isn't necessarily the worst thing that can happen.

 

Log in or Sign up to hide this ad.

I have to agree with you about Littleton and other high priced, but solid grading coin dealers. If you are buying coins with the intent of holding them for a long time, I think that paying a premium for peace of mind on the grading is worth the premium.

 

Yes, Littleton grades accuratley and they have some very nice coins.

But there is no need to pay that premium if you know how to grade and have a dealer who doesn't overcharge.

 

Paying premium for premium coins is not new.

Remember, it's hurts more to sell the average coins than it does to buy them.

Any specialist dealer will cherry the primos, and will charge accodingly. If you want a primo set, you'll pay a primo price. Always , and I mean always, buy the best you can find and afford.

Many of the great all time collections that have auctioned and been sold, when purchased for " moon money" at the time of purchase, bring " moon money " when sold. Multiples of sheet in most cases.

 

I just read the entire thread......
Folks, I really appreciate the thumbs up, but lets not turn cointalk into an advertisment. I would prefer if this was done by PM and email. I love to sell coins, but please, understand the load that comes with being the " Lincoln guy" or the " Barber guy" or the " Toning guy"

Your thoughts are well intentioned, but I prefer to do it privatly......

Aj

 

Chesapeake is in MD. What happened was I responded to an ad in Numisimatic News. 100 BU Nickels for $10. I only got 10 dates out of them, I called him to let him know I was sending them back as I did not want 40 1965's. He was rude and condescending about it.

 

Howdy,

I've also had good luck with Dave's, G&F and L&C.

rono

 

As for questionable dealers, it's sort of a mixed bag.

I've gotten sliders and stuff from Sims, Sartosi, Skyline, etc. - some of the big dealers from CoinWorld.

Yet, when I've sent them back, I've gotten nice coins in return.

Also, I've had VERY good luck buying bullion coins - eagles and such - from Sims and Coast to Coast. I also had good luck with Gold Rarities and Teaparty.

Bottom line, is you're buying raw coins, you need to study them closely when you receive them.

peace,

rono

 

"What dealers would you not recommend What dealers would you not recommend"

I'm going to take a non-traditional approach to answering, if you don't mind...

The number of dealers on that list is inversely proportional to the experience level of the collector.

In other words, when you're new to the hobby, you have to be VERY careful who you buy coins from. As one becomes more experienced, one can purchase from increasingly more dealers. Because, in the end, buying coins (and selling) is about two things -- the coin and the price.

As long as the guy's not a crook (and believe me, there are a few of them around), the advanced collector can buy from virtually anyone. However, the newbie collector (and we've ALL been there!), needs to proceed with caution.

Respectfully...Mike

 

That is what every one should think about. I remember back when evey one I knew said never buy a Buick because they are the worst gas gusslers of all cars. So what was that based on. No one really knew. But once a rumor starts, it just grows.
As to a list of coin dealers, that is something that should be done somewhere with inputs such as on ebay. And only when there is about 50 or something inputs would the name be posted. And it could be so that there is bad, poor, good, OK and great lables. Of course such a list could be tampered with as is ebay with a lot of inputs from the dealers themselves. Such as with ebay.
Still would be something if there was a kept up to date list of coin dealers somewhere.

 

er uncle GD any dealers you had a bad experience with?

 

As has been mentioned read the fine print.

I generally have always steered clear of "full page ad" dealers. That in itself cost a lot of money.
I have had GOOD experiences with the few I have traded with.
Steve Estes helped me complete my number one set of Two Cent Pieces. I liked the fact that I could actually call and talk to him. At one point I inquired about a piece and he told me it was NOT the coin for me - wouldn't display well with the others. Hard to find that kind of honesty but he knew what I was looking for.

I've also done a few transactions with JJTeaparty. Good pictures and great communication. Never had a problem with them.

If one gets into paper I like Denley's of Boston. I've never dealt with them online but have at shows on many occasions.
First City Currency is good as well.

You get what is advertised from all four of these sellers.

 

tell us the story of the counterfeit

 

It is always a good mental excercise to watch the buy ads that those full page / two page guys run, then watch a month later.

Example, in this months Numismatist, a very large CW/NN advertiser is buying choice AU early type. Next month they will be selling " Select BU ".
They do it all the time on the teletype for " clean cheek " slider Morgans, do you think they sell " clean cheek " sliders? Nope, always Select BU's.

 

Another problem with stories or reports about a certain dealer is a time frame. By that I mean a dealer could start out bad and become great over time. Or in reverse, start out great and sink to a horror story.
An example of there was a new cleaners not far from me. I tried them out on shirts since I like mine looking great for work. For practically pennies they came back clean, pressed, on hangers and in plastic bags. Slowly thier buisness grew, they hired more and less caring personal. Slowly thier prices rose and their output became horrible. Eventually they went out of buisness and probably never knew why.
This sort of thing could and probably does happen to all types of buisnesses and that includes coins.
In the downtown area of Chicago there was a coin store and I can't remember the name. They too were great for prices, friendly, good products and anything else you could want. Eventually they were bought by someone else. Prices went up, almost all cleaned coins, no participation in local coin shows, rude and ignorant personal.
So that is my idea of why you just can't say a coin dealer is good, bad, great or horrible. People change and so do buisnesses.

 

well how about a coin story thats as good as the treasure story then?