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Mail Order in the Current Coin Market?

Hi folks,

I was reading through an issue of Coin World recently and flipped through many pages of Mail Order coin ads. I was just curious how big Mail Order still is these days in the coin industry? Do any of you buy from these dealers or know people who do? I would have guessed much of this market would have already turned online to ebay, etc but it must apparently be worthwhile still for these dealers to buy these large ads.

Comments

  • tyler267tyler267 Posts: 1,304 ✭✭✭✭

    @C0inCollect0r said:
    Hi folks,

    I was reading through an issue of Coin World recently and flipped through many pages of Mail Order coin ads. I was just curious how big Mail Order still is these days in the coin industry? Do any of you buy from these dealers or know people who do? I would have guessed much of this market would have already turned online to ebay, etc but it must apparently be worthwhile still for these dealers to buy these large ads.

    Just speculation on my part, but if these dealers continue to pay for print ads they are probably getting a return on their investment.

    It is also possible the print ads bring them new customers that don't know where else to buy coins, I will skip my fear of how some of these newbies may be treated when buying mail order.

  • jmlanzafjmlanzaf Posts: 36,463 ✭✭✭✭✭

    I think there's a bigger picture. I doubt too many of those "Mail Order" ads are strictly Mail Order businesses. They probably supplement their eBay sales with Mail Order. Who is the target? Old-timers who don't use or trust the internet. Same thing exists in the stamp world which still has circuit books circulating through the mail.

  • ARCOARCO Posts: 4,431 ✭✭✭✭✭

    Mail order in the age of the internet? Sort of like advertising whips for horse and buggy riders.

  • PerryHallPerryHall Posts: 46,822 ✭✭✭✭✭

    Full page ads in CW + Raw coins = Overgraded and/or problem coin

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Yes... people still do mail order. When my Mom was alive, knowing I collect coins, she would buy me coins... which I always accepted with excitement. However, I did have to get nasty with one company that kept badgering her, sending her coins she did not order, then demanding payment. Cheers, RickO

  • SiriusBlackSiriusBlack Posts: 1,120 ✭✭✭✭✭

    My dad is sort of a hybrid. He’ll find ads in magazines for things he wants (nothing coin related), circles them, and then has my mom or I try to track it down which usually means we switch from mail order to seeing if they have a website.

    Collector of randomness. Photographer at PCGS. Lover of Harry Potter.

  • Cougar1978Cougar1978 Posts: 8,765 ✭✭✭✭✭
    edited August 25, 2018 1:22PM

    Considering how expensive the ads are they must be getting these customers somewhere.

    L&C Coins a big advertiser in NN with a huge inventory and they have a shop there in Cali where all the money is out there. Every issue of NN I check there ads as one of pricing references I use like cpg, TPG, cw to c what they selling an item I have for. I know of guys on the bourse, set up near me who do same and one says “I don’t sell it any less than they do. This is a real dealership and they have been in the biz for decades. Let them (buyers) go gulp down a Big Mac if they won’t pay that.”

    Investor

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