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<p>[QUOTE=&quot;clembo, post: 739452, member: 8033&quot;]I&#039;ve been doing my share of reading and commenting on some recent threads about coin dealers and honestly I&#039;m not real happy about what I read.</p><p>You see coin dealers are being ripped pretty hard in senseless, blanket statements. LOTS of people just spouting off about how ALL dealers are like used car salesman, pawn shops etc.</p><p><br /></p><p>Not that there isn&#039;t a lot of truth in some of the statements and I&#039;ve seen some equally fair statements made as well but overall I&#039;d have to say there is a VERY negative view of coin dealers. Would that be a fair assessment for anyone that has read other threads concerning dealers?</p><p><br /></p><p>Now, THAT in mind can anyone tell me where this hobby would be if there were NEVER any coin dealers? For you &quot;youngsters&quot; the hobby goes back WAY past the internet. Once upon a time there was no internet. </p><p><br /></p><p>We couldn&#039;t just pop on line, go to a forum or an ebay and either discuss or buy coins. That was once upon a time of course now you can do it all.</p><p><br /></p><p>NOW you can do that but do you ever think about how this happens? Do you ever think about where a lot of the coins come from? Here&#039;s a very simple answer. A LOT of it still comes from.................Coin shops!</p><p><br /></p><p>I work in a shop. There are many members here who are dealers. The coins we procure come from many places. Some buy from other dealers if they have a buyer. Others buy collections and that ties up a lot of money yet they buy them to offer to the &quot;coin collecting masses&quot;.&nbsp; </p><p>Think it&#039;s easy? Then try it yourself because I&#039;ll guarantee it&#039;s not. I work in a shop as I said. I wouldn&#039;t eat if I owned one as I just don&#039;t have that kind of money.</p><p>Opening a shop or even an online store costs a lot of money and involves a lot of risk. I reckon a few members can back me up on this if they feel so inclined.</p><p><br /></p><p>Now in a store like the one I work at we occasionally make a good &quot;hit&quot;. I won&#039;t deny it as it happens. Why would it happen? Well, because we buy stuff and have the money to do it basically.</p><p>Do I search everything we buy? Gimme a break. Not enough hours in the day folks. Has it been searched in the past? Most likely.</p><p><br /></p><p>I &quot;search&quot; if we buy bulk and I see a lot of really worn coins basically. Sure enough I found a 16-D Mercury dime last year in a large batch of silver dimes that I had run through the counter. I posted about it here on CT as a matter of fact.</p><p><br /></p><p>Does that make us a rip off because we didn&#039;t resell it as junk silver? Absolutely not. I went with my gut feeling to search the coins. My boss made good money.</p><p><br /></p><p>The people that sold us the dimes could have EASILY picked up ANY of the various reference books and magazines that we sell, searched the coins and made a lot more money. The dime was in a bag with about 900 others when we bought it. As a lifelong collector I would have searched it but they didn&#039;t.</p><p><br /></p><p>So I&#039;m rambling and I&#039;ll ramble a bit more. We have people come in every day to sell coins. Most have no clue yet they&#039;ll ask me questions like &quot;what&#039;s a really good penny? (CENT). I&#039;ll suggest they buy a book and do some research. Guess what? 99% DON&#039;T.</p><p><br /></p><p>If it&#039;s a small lot and I spot a better date we pay more. If not I run them through the counter and we pay them. I might check them later if I see the &quot;wear patterns&quot;. Seriously doesn&#039;t happen often though. I&#039;m sure we&#039;ve sold wheats in bulk, for instance, and had some people make some good finds. Good for them I say.</p><p><br /></p><p>So back to the title of my thread.</p><p><br /></p><p>If Coin Dealers NEVER Existed.....</p><p><br /></p><p>Do you think we&#039;d be seeing scarce coins come out ot the woodwork as it were?</p><p><br /></p><p>The answer is simple here. NO you wouldn&#039;t.</p><p><br /></p><p>Flame dealers all you want but there are a lot of people out there that have coins passed down, have no interest, will do no research but will sell in a heartbeat. These people tend to go to established coin shops and we buy them.</p><p><br /></p><p>It&#039;s nothing new. In fact, it&#039;s really old.[/QUOTE]</p><p><br /></p>

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