Deals or No Deals? ~ Coin Shows

What do you mean? I was just on his site. Is there a plan to go out of business?

 

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I went to a show in Orlando last year with about 100 dealers. When asked for a price it seemed all the dealers first referred to their grey sheet and then quoted prices much higher than ebay. I spent nothing at that show.

But the local South Florida shows and the big shows like FUN usually have some good deals.

 

Just remember there are a lot of people looking for those same good deals, so when there is one it either doesn't last long, or in the case of an auction several people go after it and it doesn't end up being as good a deal as it was.

 

The longer I have collected, the less I buy at coin shows. I just can't find what I want for the price I want. Plus, I buy graded Jeffersons and most dealers only carry raw ones. The few graded I find are at full book price. I dont collect Morgans and that what it seems most dealer bring with them to shows. I do 90% of my regular coin buying on ebay and most graded coins on Great Collections. My LCS does not display hardly any of their graded coins, just raw ones. I like to browse and not have to ask for each type of coin I want to see from their vault. Online shopping works best for me.

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That always sort of aggravates me, either at a shop or a show, when you have to ask how much, and the seller then has to look it up in front of you, as if to see how much can be wrung out of it. It also suggests that the seller doesn't care enough to know or have researched his own merchandise. Simply as a matter of good manners, dealers would be well advised to price beforehand.

 

I love my small, local show. All the dealers know me and I get good prices on the exceptional Lincolns I'm seeking. I consider a few of them friends, we often sit around BSing about politics and such. I also get to learn from and teach some of them what I know since most dealers just seem to know the basics of Lincolns. Of course, I often hold back what I know so I can cherry pick a couple of them.

IMO, shows are the BEST way to buy coins. You can see a lot of stuff, learn and see what you're buying in hand. Pictures lie and so do a lot of internet coin sellers. I know what I'm buying so seeing it in person makes all the difference.

 

I enjoy coin shows as a dealer and customer. The tables aren't expensive, I doubt any dealer marks up his coins for a coin show. Last show I had a table I couldn't keep paper currency, sold more paper than coins.

 

Every coin i have ever sold for a profit I bought from eBay. I have bought around 1-2 hundred coins and routinely make my 5-10%. It just takes time to find the deals but that is why I call it my hobby

 

dealer carries 1000-5000 individual coins to the show...and is expected to know the FLUCTUATING price of the exact, obscure one you pointed at....seems kinda unrealistic to me. let him consult his grey sheet, thats his choice and how he protects himself by not just giving the coin you want away. your right is to say "will you take --- for it?"....if not move on. think of shows as an ebay listing with "Best Offer" but no annoying 3 offer limit. THAT IS THE DUMBEST RULE EVER.

 

My prices are the same at shows as they are on my website, all day long, every day. A lot of my customers do like to ogle online, then ogle in person at the show. Price is the same. I don't do many shows but it is encouraging that folks come to the table having specific coins in mind. They usually walk away with them when that occurs.

I think raising prices for a show is shooting yourself in the foot. Doing shows is a business expense.

Best Regards,

George