Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
A Review on the Coin Industry Thus Far.. by BNB
>
Reply to Thread
Message:
<p>[QUOTE="illini420, post: 722292, member: 19423"]Not sure that I'm an expert on the dark sides of the coin business, but I think BNB is maybe referring to a deal I made at a local show which he witnessed that really seemed to rub BNB the wrong way and gave him a pretty bad impression about coin dealers, well some of them anyways. I also think it was the first real coin show BNB ever attended.</p><p> </p><p>Without naming names or revealing too many specifics, I was selling a slabbed coin that was a duplicate of mine. It was a semi-key date in a PCGS holder and the coin had a Greysheet bid of $190 at the time. I approached one dealer to sell the coin and was immediately told the coin was horrible looking and messed with and that the coin wasn't worth anything more than $75. </p><p> </p><p>Admittedly, the coin wasn't the best example for the grade which was why I upgraded it, but I knew this individual was really just looking for a rip. Not more than 2 or 3 minutes later, I sold the same coin to a dealer at the very next table for $175. That was a dealer I had done lots of business with in the past and I was ok selling below bid because I had purchased the coin awhile ago for around $100 or so.</p><p> </p><p>Now, I've been going to enough shows to where I guess I'm used to certain dealers who regularly trash coins in their attempts rip coins from collectors with lowball offers and have learned to just brush them off and move along to the next dealer. But, as a first time show attendee I think the vast difference in the two approaches to buying my coin within a 3 minute period (and the vast differences in prices offered on a graded coin) really surprised BNB.[/QUOTE]</p><p><br /></p>
[QUOTE="illini420, post: 722292, member: 19423"]Not sure that I'm an expert on the dark sides of the coin business, but I think BNB is maybe referring to a deal I made at a local show which he witnessed that really seemed to rub BNB the wrong way and gave him a pretty bad impression about coin dealers, well some of them anyways. I also think it was the first real coin show BNB ever attended. Without naming names or revealing too many specifics, I was selling a slabbed coin that was a duplicate of mine. It was a semi-key date in a PCGS holder and the coin had a Greysheet bid of $190 at the time. I approached one dealer to sell the coin and was immediately told the coin was horrible looking and messed with and that the coin wasn't worth anything more than $75. Admittedly, the coin wasn't the best example for the grade which was why I upgraded it, but I knew this individual was really just looking for a rip. Not more than 2 or 3 minutes later, I sold the same coin to a dealer at the very next table for $175. That was a dealer I had done lots of business with in the past and I was ok selling below bid because I had purchased the coin awhile ago for around $100 or so. Now, I've been going to enough shows to where I guess I'm used to certain dealers who regularly trash coins in their attempts rip coins from collectors with lowball offers and have learned to just brush them off and move along to the next dealer. But, as a first time show attendee I think the vast difference in the two approaches to buying my coin within a 3 minute period (and the vast differences in prices offered on a graded coin) really surprised BNB.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
A Review on the Coin Industry Thus Far.. by BNB
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...