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<p>[QUOTE="USS656, post: 2097362, member: 6641"]I am not a dealer so my opinion is not based on experience as such.</p><p><br /></p><p>While technology has certainly cut into dealers selling to collector business, I think there will always be a place for them. I would bet much of their business is based on collections walking in the door as part of an estate. The family will not have the contacts collectors have developed over time. </p><p><br /></p><p>How they market those coins has probably evolved with the technology available. </p><p><br /></p><p>If I was to open my own coin shop I would try to make the business as diverse as possible. Coins, currency and bullion would not be my only source of revenue.</p><p><br /></p><p>Specifically for collectors, find a dealer you are comfortable doing business with even if they are not in your area. They are out there, some of them are right here. For those dealers that you feel are not geared towards collectors, they are not likely to be going anywhere as the uneducated market will support their business ~ if they are lucky. Location Location Location. Doesn't mean you are obligated to go there. I went into a local B&M recently and they were buying at $12.50 an ounce for circulated silver coinage. They had a bin of circulated Morgan's (your pick) for $24.99 each. This is not a shop I buy coins from. I do not believe this business survives on selling to collectors. That's okay as long as you recognize it for what it is. Is it hurting the hobby, I don't think so because collectors will inevitably do what Vic describes. I just don't think it will be the end of the B&M. JMO[/QUOTE]</p><p><br /></p>
[QUOTE="USS656, post: 2097362, member: 6641"]I am not a dealer so my opinion is not based on experience as such. While technology has certainly cut into dealers selling to collector business, I think there will always be a place for them. I would bet much of their business is based on collections walking in the door as part of an estate. The family will not have the contacts collectors have developed over time. How they market those coins has probably evolved with the technology available. If I was to open my own coin shop I would try to make the business as diverse as possible. Coins, currency and bullion would not be my only source of revenue. Specifically for collectors, find a dealer you are comfortable doing business with even if they are not in your area. They are out there, some of them are right here. For those dealers that you feel are not geared towards collectors, they are not likely to be going anywhere as the uneducated market will support their business ~ if they are lucky. Location Location Location. Doesn't mean you are obligated to go there. I went into a local B&M recently and they were buying at $12.50 an ounce for circulated silver coinage. They had a bin of circulated Morgan's (your pick) for $24.99 each. This is not a shop I buy coins from. I do not believe this business survives on selling to collectors. That's okay as long as you recognize it for what it is. Is it hurting the hobby, I don't think so because collectors will inevitably do what Vic describes. I just don't think it will be the end of the B&M. JMO[/QUOTE]
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