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Recycled Article No. 1: Coin Show Etiquette
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<p>[QUOTE="V. Kurt Bellman, post: 1984523, member: 71723"]I'm curious - would your view of dealers be any less favorable if your primary alternative were not the web, but 20-30 annual decent to excellent coin auctions right in your metaphorical backyard?</p><p><br /></p><p>That describes my life circumstance. Yes, I suspect it's unusual. I have plugged many other zip codes into the Auctionzip live auction search engine, and I have not yet found one more target-rich than mine. But when you have the viable option to buy how and where dealers do (and I know this because I see them sitting next to me), wouldn't that alter your calculus on the indispensability of dealers?</p><p><br /></p><p>Where auction houses abound, both coin buyers and coin sellers tend to use them, to mutually avoid having to have their respective prices have to support a dealer's living. SOME, not as many as 3 years ago, still don't even tack on a buyer's premium - you pay "hammer", and at least in PA, no sales tax either on coins. (6% on medals and paper currency.)</p><p><br /></p><p>And as an added extra bonus, you can find rare varieties that neither the consignor, nor the auctioneer, were ever aware were there, like a Lafayette Dollar in a box lot with junk medals.[/QUOTE]</p><p><br /></p>
[QUOTE="V. Kurt Bellman, post: 1984523, member: 71723"]I'm curious - would your view of dealers be any less favorable if your primary alternative were not the web, but 20-30 annual decent to excellent coin auctions right in your metaphorical backyard? That describes my life circumstance. Yes, I suspect it's unusual. I have plugged many other zip codes into the Auctionzip live auction search engine, and I have not yet found one more target-rich than mine. But when you have the viable option to buy how and where dealers do (and I know this because I see them sitting next to me), wouldn't that alter your calculus on the indispensability of dealers? Where auction houses abound, both coin buyers and coin sellers tend to use them, to mutually avoid having to have their respective prices have to support a dealer's living. SOME, not as many as 3 years ago, still don't even tack on a buyer's premium - you pay "hammer", and at least in PA, no sales tax either on coins. (6% on medals and paper currency.) And as an added extra bonus, you can find rare varieties that neither the consignor, nor the auctioneer, were ever aware were there, like a Lafayette Dollar in a box lot with junk medals.[/QUOTE]
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