Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Advice for Coin Show
>
Reply to Thread
Message:
<p>[QUOTE="BNB Analytics, post: 697610, member: 20117"]Since you're asking us for advice, this is what I'll say from my experience in the past from coin shows..</p><p><br /></p><p>Some of these points may have already been touched on so here goes:</p><p><br /></p><p>-Do your homework before attending. So tonight, find out the true value of the coins you want from sites like heritage.com and ebay. See what the open market is paying for those coins and then validate them with current price guide prices preferably from the grey sheets.</p><p><br /></p><p>-Be very careful of what you buy at the show. Make SURE you need it and don't just impulse buy(That is, if you didn't pre-determine what coins you were going to look out for the day or night before).</p><p><br /></p><p>-NEGOTIATE. ALWAYS. Don't just buy at the dealers price. Play hardball sometimes. If you really want something and it's pricey, respectfully do some price banter. He says $300, you say $250. Meet half way with a smile <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> (Always know that you're paying within grey sheet ask/bid or below)</p><p><br /></p><p>-95%+ of the dealers at shows are there to make a profit. Keep that in mind. Unless you are the superman of negotiations, don't expect to pay a low price below grey sheet bid for a nice certified pcgs or ngc coin. You may see a coin that is going for grey sheet ask or above that is just oozing with eye appeal and you were looking for it or it was a key date. That's a good coin to own in my opinion because a)it will be easily sellable in the future and b) it will look nice in your inventory.</p><p><br /></p><p>-Regarding raw coins.. They're plenty of THOSE at shows.. Keep a close eye on VERY SHINY raw coins. They are probably cleaned. Stay away from that stuff. Raw coins in my opinion are okay but you have to be very careful on what you're buying. If it's $5 then big deal but if it's $500 or $5000, that's another story; so be careful.</p><p><br /></p><p>-I'd bring a copy of the grey sheet monthly and weekly with you to always make sure you're buying within line of the grey sheet bid/ask. That should be your barometer.</p><p><br /></p><p>-Go there to learn, ask dealers questions.. See if they got anything recently in that they'd like to sell. Tell some dealers where you're at (obv. the ones you're not buying from) at this stage of the game.. If you're a novice, don't show it for that's the easiest way to get taken advantage of.</p><p><br /></p><p>-Just because the coin is slabbed and selling at grey sheet ask doesn't mean it's a good deal. The dealer usually won't just sell a nice coin for straight up ask so they may just be wanting to get rid of their ugly duckling!</p><p><br /></p><p>-Finally, build rapport with the dealers you like. It's always good for the future!</p><p><br /></p><p>And I second what Mike says, post pics if you get anything!</p><p>Tomorrow, i'll be hitting up a show in Van Nuys too! </p><p><br /></p><p>-BNB</p><p>PS: All these tips I learned in one month by being here at Cointalk. This forum has a powerful way of osmosis. Thanks all.[/QUOTE]</p><p><br /></p>
[QUOTE="BNB Analytics, post: 697610, member: 20117"]Since you're asking us for advice, this is what I'll say from my experience in the past from coin shows.. Some of these points may have already been touched on so here goes: -Do your homework before attending. So tonight, find out the true value of the coins you want from sites like heritage.com and ebay. See what the open market is paying for those coins and then validate them with current price guide prices preferably from the grey sheets. -Be very careful of what you buy at the show. Make SURE you need it and don't just impulse buy(That is, if you didn't pre-determine what coins you were going to look out for the day or night before). -NEGOTIATE. ALWAYS. Don't just buy at the dealers price. Play hardball sometimes. If you really want something and it's pricey, respectfully do some price banter. He says $300, you say $250. Meet half way with a smile :) (Always know that you're paying within grey sheet ask/bid or below) -95%+ of the dealers at shows are there to make a profit. Keep that in mind. Unless you are the superman of negotiations, don't expect to pay a low price below grey sheet bid for a nice certified pcgs or ngc coin. You may see a coin that is going for grey sheet ask or above that is just oozing with eye appeal and you were looking for it or it was a key date. That's a good coin to own in my opinion because a)it will be easily sellable in the future and b) it will look nice in your inventory. -Regarding raw coins.. They're plenty of THOSE at shows.. Keep a close eye on VERY SHINY raw coins. They are probably cleaned. Stay away from that stuff. Raw coins in my opinion are okay but you have to be very careful on what you're buying. If it's $5 then big deal but if it's $500 or $5000, that's another story; so be careful. -I'd bring a copy of the grey sheet monthly and weekly with you to always make sure you're buying within line of the grey sheet bid/ask. That should be your barometer. -Go there to learn, ask dealers questions.. See if they got anything recently in that they'd like to sell. Tell some dealers where you're at (obv. the ones you're not buying from) at this stage of the game.. If you're a novice, don't show it for that's the easiest way to get taken advantage of. -Just because the coin is slabbed and selling at grey sheet ask doesn't mean it's a good deal. The dealer usually won't just sell a nice coin for straight up ask so they may just be wanting to get rid of their ugly duckling! -Finally, build rapport with the dealers you like. It's always good for the future! And I second what Mike says, post pics if you get anything! Tomorrow, i'll be hitting up a show in Van Nuys too! -BNB PS: All these tips I learned in one month by being here at Cointalk. This forum has a powerful way of osmosis. Thanks all.[/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
>
Advice for Coin Show
>
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...