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Thoughts on going to estate sales for coins?
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<p>[QUOTE="V. Kurt Bellman, post: 2153810, member: 71723"]Estate sales are the primary way I obtain coins. My experiences have been overwhelmingly positive, and prices are FAR below what "show circuit" dealers will sell for. Why? Because those very same dealers are at the very same auctions, buying inventory, and they seem to "require" a 100% markup in order to survive. Of course, the viability of this method can be VERY location-dependent. My area is just LOADED with decent auctions nearly weekly. (South-central Pennsylvania.)</p><p><br /></p><p>Auctions are so much a cultural way of life here that I can scarcely put it into words. Example: I drive 20 miles from my house to the city where I catch a train for the rest of my commute. In that car trip, I counted, just last week, 12 homes for sale by public auction on a fixed date, and only 4 with a realtor's sign out front. Such is the culture of auctions here - people here simply LOVE them, and so do I.</p><p><br /></p><p>The main ways to find them are the local "penny saver" weekly newspaper, and auctionzip.com, with a search for the word "coin" within 30 or 50 miles of my zip code. Then, I click on the dates that hit, and decide which of very many to attend.[/QUOTE]</p><p><br /></p>
[QUOTE="V. Kurt Bellman, post: 2153810, member: 71723"]Estate sales are the primary way I obtain coins. My experiences have been overwhelmingly positive, and prices are FAR below what "show circuit" dealers will sell for. Why? Because those very same dealers are at the very same auctions, buying inventory, and they seem to "require" a 100% markup in order to survive. Of course, the viability of this method can be VERY location-dependent. My area is just LOADED with decent auctions nearly weekly. (South-central Pennsylvania.) Auctions are so much a cultural way of life here that I can scarcely put it into words. Example: I drive 20 miles from my house to the city where I catch a train for the rest of my commute. In that car trip, I counted, just last week, 12 homes for sale by public auction on a fixed date, and only 4 with a realtor's sign out front. Such is the culture of auctions here - people here simply LOVE them, and so do I. The main ways to find them are the local "penny saver" weekly newspaper, and auctionzip.com, with a search for the word "coin" within 30 or 50 miles of my zip code. Then, I click on the dates that hit, and decide which of very many to attend.[/QUOTE]
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Thoughts on going to estate sales for coins?
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