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My first coin show ... questions!
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<p>[QUOTE="Just Carl, post: 672947, member: 4552"]You would be amazed at how many people go to a coin show thinking that is the cheapest a coin could sell for. As I said, dealers know this and raise the prices sometimes to the point of laughter. As an example at a coin show about two weeks ago a dealer had a 1944S Walking Liberty Half in a PCGS slab, graded as MS-65 for over $400. Same dealer also had a 1916S LIncoln Cent graded MS-65 in a slab for also over $400. I remembered those since I was looking for those. I smiled at him, almost laughed, started to walk away and he said he could drop those prices by about 20%. </p><p>Now imagine a person caught up in the coin show massive amount of coins being sold and actuatly paying something like that. Yet it does happen and when those get home and look up what they ended up with, they usually are to ashamed to tell anyone. And the dealer couldn't care less. He is out to make as much as possible, knowing full well he may never see that person again anyway. </p><p>Coin shows have massive amounts of passerbys that do not return. A coin store has a lot more to worry about with a steady cliental. Many dealers I've met at coin shows appear to be amazed to see some customers more than a few times. This is really normal for a coin show that is infrequent or the really large ones where dealers come from all over the country and will not see the same person again.[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 672947, member: 4552"]You would be amazed at how many people go to a coin show thinking that is the cheapest a coin could sell for. As I said, dealers know this and raise the prices sometimes to the point of laughter. As an example at a coin show about two weeks ago a dealer had a 1944S Walking Liberty Half in a PCGS slab, graded as MS-65 for over $400. Same dealer also had a 1916S LIncoln Cent graded MS-65 in a slab for also over $400. I remembered those since I was looking for those. I smiled at him, almost laughed, started to walk away and he said he could drop those prices by about 20%. Now imagine a person caught up in the coin show massive amount of coins being sold and actuatly paying something like that. Yet it does happen and when those get home and look up what they ended up with, they usually are to ashamed to tell anyone. And the dealer couldn't care less. He is out to make as much as possible, knowing full well he may never see that person again anyway. Coin shows have massive amounts of passerbys that do not return. A coin store has a lot more to worry about with a steady cliental. Many dealers I've met at coin shows appear to be amazed to see some customers more than a few times. This is really normal for a coin show that is infrequent or the really large ones where dealers come from all over the country and will not see the same person again.[/QUOTE]
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