Discussion in 'Coin Chat' started by Duke Kavanaugh, Dec 7, 2009.
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I hope they don't forget to charge themselves the 20% premium.
I don't collect IHCs but I have read Charmy's posts and convention reviews and I like her pics and writings. The other guys names are familiar, also.
So hopefully I can sit in and maybe learn a thing or two.
DEALER ACTIVITY: I am debating bringing a bunch of my Silver Certificates, which as far as I can tell are all commons (I'm not checking 200-300 Fed districts and plate numbers !!).
Maybe 30-40 are AU-58 and better, including some MS-65's or higher. The rest are probably F/VF and many have wrinkles galore and discoloration.
Is there ANY market from dealers for stuff like that such that they'd be interested in buying them from me ? More so at the FUN Show ? I mean, I don't expect $2-$3 for a $1 SC for a F/VF SC from the 1930's but if I can get even 10-25% premium for it that is better than turning them in at my bank for FV.
I guess I'm hoping that a larger venue like FUN might have 1-2 dealers who specialize in bills en masse that are very cheap and very common. Not seeing many at the local coin/currency shows with 20-40 dealers.
No personal experience with your situation/question. I have read on CT that a lot of folks have brought their SC's to shows only to be totally turned away. Not one single dealer even wanted them for virtually FV.
YMMV, good luck.
I guess if I lug them to Florida, I can turn them in at an Orlando bank.
I see lots of commons in AU-58 and higher going for $15 and up on Ebay. That's basically about $12 for the PMG/PCGS grading and plastic and maybe $3 or so for the bill. If I can get $2 or so for some of the nicer SC's I have that wouldn't be bad.
But I guess the bulk of them are going back to some bank.
If your intent is to unload them, and turning them into a bank is your means to do that, how about spending them? Putting them into circulation could preserve them as opposed to the bank sending them back to the Federal Reserve aimed for the shredder.
Using them for tips, at smaller mom & pop shops or giving them to kids can possibly engage them into conversations while hopefully growing a shrinking hobby.
I wouldn't spend them at big box stores though. Most of their cash receipts get deposited and wind up at the bank that you were trying to avoid.
These are inexpensive ways to pay it forward IMO.
Have fun doing it. Be somewhat prepared to converse with the recipient. They might have questions.
"Excuse me, do you have change for a PMG 65 $500 bill ?"
Getting To FUN: I am thinking of going to Orlando by train from the NYC area.
Anybody ever gone to FUN or down to Floriday from my home region by train ? Figured since I have time and can leave a day or two earlier it might be nice to go by rail instead of flying (don't think I want to drive).
Buying Plans @ FUN: Watching the auctions the last few weeks, a thought came to me. Without having to pay the buyers premium on some items, it might be possible to save some $$$ assuming the final auction prices including the BP are above market price (not always the case).
Anyway, on lower-priced items it's not as big but obviously if you buy something costing $2,500 you are talking about $500 or so. You might save all or some of that BP if you buy at a show like FUN.
Or maybe not ?
Anybody specifically buy certain stuff ONLY at shows as opposed to Ebay, HA, Stacks, etc. ?
Bullion & Recent Coins: I presume there's a decent number of dealers selling bullion coins, including special items like the 2009 Ultra-High Relief and maybe the HR Liberty ?
Or is that a rarity, and most tables/dealers are dealing in pure numismatics ?
You'll find quite a few bullion dealers. Even the numismatically oriented dealer often has a few bullion pieces on the side - but the buying and selling of silver and gold is quite common at a big show. You'll hear a steady racket of silver coins being counted and bagged. You'll see quite a few tables with stacks of gold.
Thanks PF...I'm looking forward to it, saving some $$$ for the show, and deciding in coming weeks about plane vs. train.
Gathering my WishList too....
Yeah, if you are in coach (non-sleeper car, I guess) the stuff I've read so far says to bring a portable pillow. For me, this is probably good enough since I usually sleep in my La-Z-Boy sofa anyway. Ever since I got a dog, I never make it to the bed.
Plus, I usually only sleep 4-6 hours anyway. Usually go to bed about 2:30 or 3 and wake up 8-9'ish for the markets to open.
37 Days until FUN-time.......
Just curious...how much does each box weigh ?
Unless you converted them to a larger silver bar/coin or another PM, how do you intend to cut down on their size ?
Also, is 6 boxes really unwieldly ? I could understand if you had a few dozen.....
There are 17+ ancient dealers attending FUN 2020 in Orlando, many more than usual! I say plus, because I did not count companies like Harlan Berk located in the US section, even though Aaron will be there and usually brings some ancients with him. I only counted ancient dealers located in the ancient and foreign section.
Separate names with a comma.