Local coin show pick-ups

I get it. It is as if the PCGS holder means they don't have to work as hard, and buyers end up paying for their convenience.
On the other hand I cannot imagine coin shows being that profitable for many dealers after the travel, hotels and table fees. So in order to keep afloat many no doubt depend on such advantages, and we are free not to participate. I have run a small business for twenty years and I know that there is always something around the next corner ready to gobble up profits.
One question -- does the PCGS price listing on CoinFacts intend to include their slab premium? Although this would be insignificant in four figure coins, the value of the slab makes quite a difference in the $150 - $400 range, say.

 

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NIce pickups! That old anacs holder is practically a museum piece! And I'm not much of a Morgan collector but would be proud to have that CC.

 

Yes.

 

Sorry I missed that show. You'll have to drive up to Wausau on April 22nd for the Wisconsin Valley Coin Club annual coin show.

 

Interesting, thank you for clarifying this. The NGC Price Guide appears to do the same, as the prices are comparable with PCGS, even higher in some cases. That is odd given that PCGS is supposed to be king. Obviously a lot with the price guides is open to interpretation.
The NGC list only gives one price for G, VG, F, etc. Not sure if this is an average, low or high for the grade?

 

In many peoples' minds, but not mine. I don't take my cues from the majority. I act on my own views. When I read that a majority of people think a certain thing, I examine it to see if it is true in my experience. In this case, I dissent.

When I personally am in an auction situation, I stop on PCGS coins before I stop on NGC's.

Some people are driven by, "The market says X." I am not. The market can go take a flying leap.

 

Gotcha. So then you base what you are willing to pay upon years of examining quality raw stock, so more of an instinct.

 

Hmm. I am sort of loathe to call it "instinct". I do use several price guides, and I am undeniably one cheap bugger. I seldom get caught up in "I have to have THIS coin." Streetcars - another will be along soon.

 

Very good advice.

 

And a little ironic, given my age and infirmities. The next coin WILL appear soon. Question is - will I still be above ambient temperature?

 

I don't pay extra for a PCGS holder over an NGC holder. I will pay a premium if I like the holder as a collectible holder. But that is only and ONLY if I like the coin in that holder. My first priority is the coin. I've passed on a lot of cool holders because the coin just was not up to snuff. Always buy the coin first.

 

Here where I live, ambient temp is often a lot more than 98.6 F. If I were above ambient, I might be the guest of honor at my own BBQ?
Pardon me for getting off subject. When it comes to auctions, I bid however much I feel like. I often like to say "Its only money!"

 

I hear ya', but not here that often. It's Easter weekend and we're having trouble staying in the 40's. Good thing we've got all this global warming, or I woulda froze a couple of years ago. We've had quite a few very cold years running. Coins we've got, coming out of our ears. Heat, not s'much.

 

I love it when dealers/sellers assume ANACS is sub-par and sell quality coins for relatively cheap.

Don’t take it out of that holder.

 

Yes.... DO NOT take it out of the holder!! Sorry it was an assumption, because I would never break that rule.

 

This has been a good lesson for a recently returned newbie whose Redbook is a 1969 ( I only use it for mintages and background info).
I am highlighting this for the benefit of any like me who have been using the PCGS CoinFacts and NGC price guides, thinking that they could be applied to quality original raw coins. I had not seen it written that "you have to deduct the cost of certification", and have not been a seller, so have not had to figure this in.
But I have been a buyer, and having scoured eBay daily for this past year for CB10C, I've noticed that asking prices for the occasional problem free raw piece often do line up with the TPG prices. Apparently this reflects the attempt to make up eBay fees, thus the correlation is convoluted.
I can see why the TPGs price lists are this way - to be sure that the price applies to genuine, problem free (and accurately graded) coins. Maybe I missed an asterisk on either the PCGS or NGC website that indicates all of this. Or they figured they don't need to, because it would be obvious to anybody with a newer Redbook...

Fortunately I have bought more slabs than raw, and mainly good deals for the latter, so don't feel the need to use the guy.

The probably could be a new thread, or maybe it's been obvious to everyone but me, so there's no need.

 

So today around lunch time I was in Annapolis . There's a coin shop Annapolis coin Exchange is the name...now remember that name as you won't ever want to do business there!
I was buzed in and was told someone would be with me. Meanwhile I'm looking in their cases which are pretty void of anything.
A young guy comes out and ask me what am I interested in.
I ask got any half dimes? Oh yes we have plenty....what date are you interested in?
My reply all from 1829-1873.
So the guy walks into the back...meanwhile I am looking in the cases again maybe 3 Morgans., 1 peace, a few walkers, some proof Franklins, and Mercury dimes.
The dude comes out. With about 6 to 7 pages of papers hands them to me.
I asked whats this? Oh it some of the half dimes we have for sale his reply.
I say oh....well if I wanted to buy from images or photos I be sitting on e bay right about now....not in a building what sez on the front the words "Coin Shop".
I thanked him for wasting my time and walked out.

Just an FYI the worst experence ever going to a coin shop, I wouldn't buy a flip from them if they were the last shop in state.
So if you're in Annapolis and google coin shop make sure you pass on this one!
What a joke rent a building, hang out signage to advertise, and you sell coins from copier images ....I don't think so.... do yourself a favor.....advoid this place!

 

He must have had the actual coins buried in his back yard.

 

Our LCS was held up, although the attacker was foiled and nothing lost, so they no longer display. But will bring out the actual coin...

 

Yes, @Paddy54, I'm afraid that your experience will become more often the norm given the realities of life in northeastern cities, as @ronnie58 has indicated. These days the security of a coin shop and the security of a gun shop are becoming more similar, and that's both a shame and very uninviting, not to mention expensive. To me, the answer is shows, BIG shows and small ones, depending on the material sought. Given the extreme level of online fraud, I'd not be "punting" to the Internet, which is to me the most problematic venue of all. I will NEVER buy a coin online unless and until I know PRECISELY how to find the other party in "meatspace".