| Author |
 Topic  |
|
|
oober
1000+ Penny Miser Member
USA
1304 Posts |
 Posted - 02/22/2009 : 13:39:14
|
So I went to a local coin show today, some neat stuff. There weren't a ton of deals to be had, but went with a plan and got most of what I was looking for.
My plan was to pick up key dates for the rosie and jefferson series, and a few other coins I didnt have. I had price ranges I was willing to pay and tried to stay within reason...
2 50D Nicks, $15 each. Both very nice strikes, Full steps. Very nice gold toning and luster, great to look at.
2 49s rosies. 1 AU for $15. One EF for $5. Both nice coins, I almost picked up a MS64 of this date, but I just didnt want to spend the $45.00 on it.
A VF+ almost EF 98 barber dime for $3.
A 46s MS65 rosie for $3, and 47s for $7... Both are beautiful specimens, bright white, with great luster...
I might have been able to get these slightly cheaper, but being my 1st show I didn't quite know what to expect. They weren't steals, but they were fair prices IMO.
I can see you definitely need to know what you're doing, some of these guys prices were insane.
Ex. One guy had a 50D nick, it was a nice coin, but wanted $37 for it. I got him down to $25, but the $15's I picked up were just as good. So I had to pass.
Some people were selling junk at 15x face... Wow!!!!...
|
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/22/2009 : 22:05:03
|
I went to a coin show today too.
Was able to buy 850 wheat cents for 3 cents each and a $1 gold piece for $60.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
 |
|
|
highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 02/22/2009 : 22:06:25
|
quote:
Originally posted by HoardCopperByTheTon
I went to a coin show today too.
Was able to buy 850 wheat cents for 3 cents each and a $1 gold piece for $60.
Nice score on the wheats
Was the $1 gold peice beat to crap or what? |
Copper Penny Investing
www.portlandmint.com |
|
|
|
CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 02/22/2009 : 22:15:42
|
| Hey oober...there is a coin show coming up here in Madison on Mar 22nd if you are interested. Let me know and I will PM you the details. |
My hobby: collecting real money 1 copper cent or nickel at a time.
|
|
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/22/2009 : 22:27:09
|
quote:
Originally posted by highroller4321
quote:
Originally posted by HoardCopperByTheTon
I went to a coin show today too.
Was able to buy 850 wheat cents for 3 cents each and a $1 gold piece for $60.
Nice score on the wheats
Was the $1 gold peice beat to crap or what?
Well, it is not the nicest one I own.. lol. Actually, it is not bad.. just a tiny solder spot at the top where it was mounted. Dated 1852.. OK, so I had to pay a little over melt value for it. Seems they want above melt for all US gold nowadays. What is melt on these.. about $48.37? |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
|
|
|
CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 02/22/2009 : 22:48:16
|
quote:
Originally posted by HoardCopperByTheTon
quote:
Originally posted by highroller4321
quote:
Originally posted by HoardCopperByTheTon
I went to a coin show today too.
Was able to buy 850 wheat cents for 3 cents each and a $1 gold piece for $60.
Nice score on the wheats
Was the $1 gold peice beat to crap or what?
Well, it is not the nicest one I own.. lol. Actually, it is not bad.. just a tiny solder spot at the top where it was mounted. Dated 1852.. OK, so I had to pay a little over melt value for it. Seems they want above melt for all US gold nowadays. What is melt on these.. about $48.37?
Pretty close! You must be logged in to see this link. $48.31  |
My hobby: collecting real money 1 copper cent or nickel at a time.
|
|
|
|
just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 02/25/2009 : 15:02:32
|
I see there are a lot of non flea market going people here. If you would go to flea markets you would have been introduced to haggling about prices. Coin shows are basically a flea market for coins. Some also have currency, some have books, folders, plastic rolls, etc. Some even call them coin and card shows. Supposed to be both there buy lately no cards.
The reason the prices on coins are excessive is your SUPPOSED to haggle. I've never been to a coin show where you paid the prices being asked. If you do, your a real rookie. I go to 2 to 4 coin shows a month and so far never paid what a dealer is asking for a coin. Even if it is dirt cheap, I still haggle about the price.
The reason the prices at coin shows is excessive is, as I said, the dealers expect you to haggle the prices down. If you don't, your loss and the dealer really comes out ahead.
Naturally there are always a few dealers that do not haggle prices but most normal people walk by them. Word gets out and the true collectors keep away from those idiots. |
Carl |
|
|
|
daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 02/25/2009 : 15:35:56
|
| I wish i would haggle more but i feel bad doing that.. |
Inquiring minds want to know |
|
|
|
Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 02/25/2009 : 15:48:29
|
| I dunno, I ask what the price is. And typically it's a little above spot, if not at spot. Then you get those Uncharitable dealers who try to rip off anyone. |
Trolling is an art. |
|
|
|
moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 02/25/2009 : 22:55:51
|
| One thing I hear people say a lot is "That's a little more than I want to spend today". This normally gets the dealer down a bit. Or the dealer asks what you were hoping to spend. |
"99% of all lawyers give the rest of them a bad name"
|
|
|
|
just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 03/02/2009 : 08:45:11
|
quote:
One thing I hear people say a lot is "That's a little more than I want to spend today". This normally gets the dealer down a bit. Or the dealer asks what you were hoping to spend.
Exactly. I just usually say is this your lowest price? Or can't you do better than that? As I said almost all dealers at coin shows know your going to haggle so they raise the prices according to what they think your going to haggle them down to. |
Carl |
|
|
|
just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 03/17/2009 : 18:50:44
|
| Last Sunday I went to one of the many coin shows I usually go to. And as usual I walked the entire place and ended up at the same dealers table I usually do buisness with. A long time ago he told me he raises all his prices about 20% because he knows almost everyone wants a 20% discount. They tell him I'm a regular customer, my kids know your kids, I buy from you all the time or they just say your prices are to high. So I lower them for them he tells me. And he does. If you don't know this, you would be paying 20% over his normal prices which are decent in the first place. |
Carl |
|
|
|
Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 03/20/2009 : 14:28:57
|
| Just wanted to say that I really enjoy your posts, just carl, especially the coin show ones. I hardly ever get around to going to any, since a lot of the local shows are mostly U.S. coins. How long have you been collecting? |
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
|
|
|
daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 03/21/2009 : 01:56:25
|
| Ant you should ask justcarl what he came across in a nickel box! Now that was a sweat find! |
Inquiring minds want to know |
|
|
|
just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 03/23/2009 : 10:34:30
|
quote:
Just wanted to say that I really enjoy your posts, just carl, especially the coin show ones. I hardly ever get around to going to any, since a lot of the local shows are mostly U.S. coins. How long have you been collecting?
Probably the reason I play those haggling games is from well over 60 years of experience with flea markets, coin shows, gun shows, knife shows, camera shows, computer shows, etc. I've been going to those types of shows all my life. Just raised a cheap person I guess. I'm so bad at haggling I do that at regular stores too. I've found that many stores have a margin of profit so at some they too will bargain. Example I was looking for those TV converter boxes. At a really big store I mentioned to a sales person thiers is about $10 over Walmart so I'll go there. Immediately I was informed they can match that price. Same store I showed them a print out for a VCR/DVD machine with a Digital, Analog and QUAM tuner. They not only matched that price but beat it.
I love those going out of buisness sales since I do the same haggling there also.
|
Carl |
|
|
|
just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 03/23/2009 : 10:45:09
|
AHHH yes. At a coin show in a box of Buffalo Nickels at 3/$1 this was sitting right on top. Appears to be a 1937D with 3 legs.
I tried mentioning to the dealer that there may be valuable coins in that box. He was talking to a person and just apparently didn't want to be disturbed. Said he just bought the box a little while ago.
Oh well at 3/$1 I guess I did OK. I did buy $5 worth. |
Carl |
|
|
|
Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 03/23/2009 : 17:16:38
|
quote:
Originally posted by just carl
AHHH yes. At a coin show in a box of Buffalo Nickels at 3/$1 this was sitting right on top. Appears to be a 1937D with 3 legs.I tried mentioning to the dealer that there may be valuable coins in that box. He was talking to a person and just apparently didn't want to be disturbed. Said he just bought the box a little while ago.
Oh well at 3/$1 I guess I did OK. I did buy $5 worth.
What a find! I'd have been sorely tempted to sell it back to the dealer shortly thereafter, let him pay for it, then tell him how I got it.  |
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
|
|
|
Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 03/23/2009 : 18:37:28
|
| Redbook says in G-4 could be worth 550 |
Trolling is an art. |
|
|
|
CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 03/23/2009 : 22:41:36
|
| Nice find Carl!! That's some nice cherrypicking that you did. My best find was a measley 1899-P Morgan Dollar in with the common pre-1921 Morgans for $16/each last year. Anyway, I would send that off and get it certified (notice I said certified, not graded, to make sure it's authentic) by PCGS, ANACS, NGC, or ICG. |
My hobby: collecting real money 1 copper cent or nickel at a time.
|
|
|
|
daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 03/23/2009 : 22:45:21
|
| I new you guys would like to hear that. I am on another forum with carl and i saw it in a post and was like whoaaaa. |
Inquiring minds want to know |
Edited by - daviscfad on 03/23/2009 22:45:35 |
|
|
|
just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 03/24/2009 : 11:29:54
|
The main thing here is to remember that if you do go to a coin show, keep in mind it is similar to a flea market. Those dealers know your going to haggle about the prices so they purposely raise them.
This is the same game that realestate people use. They estimate a house for, say $200,000. They tell you to try selling it for $225,000 since they too know that everyone will try haggling down the price. Eventually someone will make you cry with an offer of $200,000. YEAH, right. Same with a used car lot. All prices are raised so they can tell you we can lower this price but I'll have to have it OK'd with the manager.
Keep this in mind at all coin shows. |
Carl |
|
|
|
kieblera5
Penny Hoarding Member
USA
859 Posts |
Posted - 03/24/2009 : 11:43:08
|
quote:
Originally posted by just carl
The main thing here is to remember that if you do go to a coin show, keep in mind it is similar to a flea market. Those dealers know your going to haggle about the prices so they purposely raise them.
This is the same game that realestate people use. They estimate a house for, say $200,000. They tell you to try selling it for $225,000 since they too know that everyone will try haggling down the price. Eventually someone will make you cry with an offer of $200,000. YEAH, right. Same with a used car lot. All prices are raised so they can tell you we can lower this price but I'll have to have it OK'd with the manager.
Keep this in mind at all coin shows.
One more thing to add. From my personal experiences, you will get better prices if you are carrying a copy of the Grey Sheet rather than the Red Book. The Red Book has the prices that the dealers will sell at, whereas the Grey sheet is what the dealers buy at. Most of the time, the prices marked are comparible to the ones in the Red Book, so it will look like it is normal pricing. That's why a lot of people do not haggle down the prices at coin shows and end up losing out. Remember, the dealer is there to sell and if they think that you can get it somewhere cheaper, they will lower their price to make you buy it. |
Democracy is being allowed to vote for the candidate you dislike least.
Never argue with an idiot. They will drag you down to their level and then beat you mercilessly with experience.
Caller number seven gets the Peace Prize!
Get coding tips, tricks, and more at: http://codingmonday.blogspot.com |
|
|
|
CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 03/24/2009 : 16:42:20
|
Good advice by both carl and kieblera. To carl's point, it is ok to negotiate. Most dealers expect it and have built that into their selling price. It's not like going into Sears or Best Buy where the price is what's on the price tag, so by all means save yourself a few bucks and negotiate in a tactful manner, but don't lowball the dealer either. He still has to cover the expenses of travel to the show and the table fee so keep that in mind.
To kieblera's point, the greysheet has become the price guide of choice. Go into any coin shop and for regular US coins, they will price off the greysheet. Savvy buyers are now catching on and getting their own copies of greysheets online (You must be logged in to see this link.). Current issues are $3.95, back issues are $2.95. Make sure you read up on the different versions they offer to make sure it covers what you're looking to buy or sell. |
My hobby: collecting real money 1 copper cent or nickel at a time.
|
|
|
| |
Topic |
|
Coin show Report
Forum Locked
