Suggestion for the dealers.

smprfi

I would think everyone would be happy about the modern coins.It was the modern coins that brought me into the hobby.

My advice to all you dealers out there,sell moderns along with your classics and vice versa for you modern sellers.It will bring a new group of collector to your stores and web sites.It then gives you the opportunity to show the rest of your inventory.Even if it is only the high grade or hard to find coins that you work into your inventory you will increase your customers.
Limiting what you sell limits your customer base.

I got into the classics only because the first few dealers I dealt with had a wide range of selection and took the time to show me the beauty of classics.At the time I was only looking for moderns.That has all changed now,I collect them all.

Just a friendly suggestion from a potential customer.

osirisMMII

Uh smpfri......... did you forget where you are? PCGS US COIN FORUM! You're gonna throw a wrench into things if you start making suggestions that make too much sense!

MadMonk

Well said smprfi. I love the classics, and when I go to shows it saddens me to see people buying
a high grade very modern proof for $300.00 plus, at the dealers table with all the beanie babies.

gmarguli

There are some problems with most dealers getting into moderns.

1) They can't grade them. While they might be able to tell a PR65 from PR66 Liberty nickel, they can't tell a PR65 from PR66 Jefferson to save their life.

2) The money isn't there unless you hit the "it" coin. You can't hit this coin often. Those "just missed it" coins aren't real money makers for dealers. The time, effort, money, and grading roulette wheel prevent most people from consistently making money on these.

3) There is no accurate price guide for them to go by.

4) Most moderns go down in value. The number that have gone up is dwarfed by the number that goes down. Not a way to keep customers happy.

5) You're viewed as selling crap. Can you imagine an MS67 1999-P State Quarter on Legends web site selling for $1500 right next to an 1834 in MS66 selling for $75,000? It'd look tacky and take away from their entire operation.

TomB

I believe this isn't the ideal way to think about this in all instances. In my case, I sell the kinds of coins that I enjoy owning, looking at and that I know something about. I don't want to be a Sears catalog of coins, I want to sell those coins that I would be happy to keep. I realize that I am probably not the typical seller of coins, however, I still think it not reasonable in many instances.