Home U.S. Coin Forum

Any advice for someone whos going to there first coin show?

On my birthday,March 21,I may go to the Tazewell Numismatic Society 6th Spring Coin Show.There is expected to be 60+ tables.Does anyone have any advice?

Thanks,
kamehameha00

Comments

  • Take a satchel to carry your treasures.
    Take a list of things for which you are looking. Limit yourself to only a couple of series.
    Talk to different dealers.
    Don't be intimidated by the dealers near the door that ask repeatedly if you have anything to sell and then say that the stuff you have is low quality for the grade.
    Look at many, many coins. Don't be afraid to ask deakers to look at things even if you really aren't interested in buying, this time.
    Enjoy yourself.
  • kamehameha00,

    Know how much you are willing to spend for the day (total) in advance. Know what you desire to buy. Do not buy anything that you aren't positive that you know what you are buying.

    On second thought, don't take any money with you. Use the first show to see what's out there and what shows are like. Talk to as many people as you can who are collecting/dealing in your chosen sets. Meet people and make friends/contacts. (Take a small notebook and take notes.)

    HAVE FUN!!!

    Matt
  • I've never been to a coin show... image

    But I did go through the a currency & coins exhibit at the Del Mar Fair a few years ago when the had it... they had lots of examples of coins and currency... they even handed out neat old foriegn coins to all the little ones...
    ~Richard Dorrance
  • ShamikaShamika Posts: 18,780 ✭✭✭✭
    Although I know you won't take the following advice (I wouldn't), I would suggest that you DON'T buy any coins at your first show. Hold off until your second show and just enjoy the eye candy.

    Assuming that you don't take my advice about not buying anything, becareful not to blow your savings in the first hour. Stay focused and don't get destracted by all the other types of coins that you'll see. If you think you've found the perfect coin, you'll most likely find an even better one 10 minutes later.

    If you decide not to spend money at your first show, take the time to look at as many different coins as you can and ask questions when the opportunity arises.

    Watch how collectors and dealers handle each other.

    Don't take it personally if you come across a rude dealer. Every show has it's share.
    Buyer and seller of vintage coin boards!
  • ShamikaShamika Posts: 18,780 ✭✭✭✭
    One other thing; Haggle till it hurts!
    Buyer and seller of vintage coin boards!
  • I've been to two shows.
    The second one I took my wish list and
    made the rounds, checking any dealer that
    had my coin. Then I went back to the one with
    the best price.
    I also took plenty of cash ( most don't take checks
    or credit cards ).
    Even if you don't find what you're looking for
    it will be worth the trip just for the education.
    Good luck !
    Have fun !
    .
  • Thanks everybody,I appreciate all the tips.
  • NicNic Posts: 3,364 ✭✭✭✭✭
    Shamika offers great advice. K
  • RussRuss Posts: 48,514 ✭✭✭
    Wear a T-shirt that says "Yeah I'm a kid, but I'm filthy stinking rich".

    Russ, NCNE
  • dizzleccdizzlecc Posts: 1,113 ✭✭✭
    You have to buy something. I look back at what I bought and cringe at a couple and I actually got a sweet deal on others because the dealers knew I was a rookie and were somewhat generous on the price.

    Look through the bargain stuff, dealers usually bring some low priced items for those with limited budgets.
  • MrEurekaMrEureka Posts: 24,240 ✭✭✭✭✭
    Do not buy anything for your collection if you are not 100% sure you love it. There will always be more chances to spend the money.

    Do not hesitate to stretch a bit if you are 110% sure you love it.

    If you see something that you think you can buy and resell at the show for a profit, give it a whirl. Selling coins is the best numismatic education money can buy. Do NOT take the coin home if you can't sell it for a profit. Don't let it bother you if you have to lose a few bucks.


    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • StuartStuart Posts: 9,761 ✭✭✭✭✭
    Get to the Morgan Dollar Dealers before DizzleCC get there! And, make lots of new personal contacts with dealers and other collectors in your local area.

    Don't be in a rush to purchase many coins at your first show, and if you do, purchase inexpensive slabbed certified coins for your initial training.

    Stuart

    Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal

    "Luck is what happens when Preparation meets Opportunity"
  • clw54clw54 Posts: 3,815 ✭✭✭
    Don't pull out a Red Book to look up prices. Use a Greysheet instead.
  • Thanks for the tips everyone!You've all been a big help image
  • My advice is really no advice at all. Be yourself, go with no expectations of what to see or what to buy and just have fun.
  • IrishMikeIrishMike Posts: 7,737 ✭✭✭
    Know your series well that you are looking to purchase. Resist the temptation to buy something outside your area of knowledge. The best coins I have ever purchased at a show cost me more then I would have thought I would pay for them, but they were so outstanding I bought them. I have never regretted one of these purchases. If the coin is a wowzer pay for it.
  • TootawlTootawl Posts: 5,877 ✭✭✭
    I agree with IrishMike. Know your series. I do plenty of homework before I go to a coin show. I check several price guides for what I'm looking for.
    PCGS Currency: HOF 2013, Best Low Ball Set 2009-2014, 2016, 2018. Appreciation Award 2015, Best Showcase 2018, Numerous others.
  • avoid Frankiesimage

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file