Coin shop etiquette

I'm on vacation in Myrtle Beach and stopped in at a coin shop. The guys that run it are nice people but while I was there it started to get busy, someone came in wanting to sell a collection. I only stuck around a short time while that was going on but I noticed that one of the items the guy was selling was a display case that had probably 30 or more IHC and from a glance they were red and they said we can only give you $5 for this the person selling said sure. Basically what I am asking is if you sewn something while at a coin shop that you'd pay more for would you do it?

 

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Not if you ever want to set foot in the shop again. That's the cardinal sin at a shop, or at a dealer's table at a show.

From your glance, they might have been red uncirculated, or they might have been faithfully scrubbed every year with a pencil eraser. Don't automatically assume the very worst.

 

Depending on what the coins looked like (condition)in person if I was at the place,possibly would've made a counter-offer for myself.

 

And again, that will get you the bum-rush every time. It's a shop, not an auction. You didn't pay rent and utilities on the store. If something comes in that you want, buy it from the dealer after he's bought it from the customer.

 

That was the main reason I didn't make an offer even though the coins "from a glance" appeared to be red and even if they were great coins is that I don't want to be banned from there and I do know it takes $$ to run a brick and mortar shop so I backed off. Plus the guys running it were cool.

 

?don't get half of that but why not?30+ Indian cents for $5 that unheard of no matter what condition they might be in,try finding that deal on the bay.Cool guys or not that sounds insulting as preying on those who don't know what they have and the true value.$5 could possibly turn into $500 and they would hit gold.But as me a collector it would be a great variety cherry picking fun not to be Mr big money which they would do most likely.

 

Jeff is 100 % correct one never does that period! Not in a shop or show. In fact when I ran the door any activity as such on the floor was shut down and the persons asked to leave.

#1 you own a coin shop ..you have over head...you're not going to allow any transactions as such unless youre in for a cut.
#2 At a show dealers pay for tables they have over head...you want to sell a coin do it correctly...or see the door.
Not Kosher at all !

Also anyone bringing in items for sale ,they were directed to the person who was sponcering the event. Unless otherwise instructed. I never had the opportunity to or would of made an offer ,as it wouldn't be liked by the dealers who paid for space, or the sponcer who is liable for the show.

 

You'd be escorted to the door, rather abruptly I might add. Justifiably so.

 

It's not cool to stick your nose into a dealers business. I have seen several banned from a shop for that reason. It's also not cool to follow a customer out of the store and try to make a deal.
I have had dealers call me over and ask if I had any interest in looking at a deal he did not care to buy. If you don't have an invite from the dealer, you stay out of it.
If the dealer makes the deal with the customer, there is nothing wrong with asking the dealer to see the coins, once the customer is gone.

 

Squirming, squirming.......best you held your tongue OP.

 

If you're in their store, you are a spectator.
You could however ask to buy them from the store after the seller left.
Anything else would probably get you kicked out.
Now being as your on vacation? Probably won't be back in those parts for awhile?
You could approach the seller in the parking lot IF they did sell to the store.
In that case it's
Best to talk with the seller and don't deal in the coin shops parking lot ( cameras see all and you may burn the bridge at that store )

 

I just realized how wrong my post was.No shows nearby constantly and I only go to the shops if I need to sell some silver once in a while.Im a majority online person so got into the wrong thread at the wrong time (stupid is stupid)we all do it sometimes.

 

You could politely lean in and say let me know if you buy those I'M interested that too would probably get you shunned with or without Amish relationship

 

I've shared a story before.
My local coin/bullion shop I just spent a few bucks at.
In walks a couple looking to sell some coins, some silver.
They didn't like the shops buy price and headed for the door.
I said thanks to the shop owner and headed out myself...the couple was walking out to the parking lot by my parked car. I said hey there is a local coin club that meets first Tuesday of the month and they could find more information about what they have.

The couple evidently came back in at some point (maybe after I left??) Talked to the shop owner.
That was picked up a security camera and I was questioned about the interaction my next visit.
You could tell the owner wasn't pleased.
Asked if I approached them to buy and said it made them uncomfortable.
My story was I told the couple about the local coin club and they could find out more information about what they had and value.
Probably not the best choice of words, my talking gets me in a spot now and again.
I didn't mean any ill Will to either party.
The shop owner was still on the fence a bit, but has come around again.
Either way, You will be on the short side of the discussion.

 

Hey, I had to have it explained to me the first time, too. Fortunately, that happened here, rather than at a shop or a show.

 

And that's precisely the reason why I would NEVER try and sell my coins to a Coin Shop.

 

! Now I don't know what to do. Sell off before I pass or let my wife take care of it??
Just don't want her to get ripped off. She's slowly learning but I'm afraid of how some dealers are shysters and then some are just a pleasure to do business with. That's why we all need to train our loved ones about coins if in fact you decide to leave anything.
That's my 2 cents! LOL

 

Cheapo. Give us your 3 cent piece or maybe a half dime and we'll listen more

 

scenario: You trump the coin shops offer while in the store, then you see all those cents are polished and freshly cleaned. Then you get a lifetime ban and you’re stuck with nasty cleaned coins.