Question for dealers...

MrEureka

When somebody walks up to your table at a coin show and prices one of your coins, what are the chances that they will buy it? Over the years, I'd guess that my average has been something like 15-20%. Even in the hot market of 1988-89, the rate didn't get over 25%. Yet at this year's ANA, the rate was more like 50%. Have the dealers out there noticed the same thing?

BillJones

My past average has been about your past average, Andy. We will see if the "50% rule" comes to pass here in Florida this fall, but I doubt it. Most of the coins that I sell go to dealers and want list customers. Too many people at the shows are looking for cheap stuff, which in the long run is not the best thing for their financial health.

elwood

Yes, I would say it was over 50%. What is interesting is the avg. decreases each day as the show progresses.

boz

<< <i>the avg. decreases each day as the show progresses. >>



Because the quality coins go early, leaving the less desirable coins?

BAJJERFAN

<< <i>Because the quality coins go early, leaving the less desirable coins? >>



ezackly

kieferscoins

Interesting. Less people attending but more actual buyers?

Cameron Kiefer

STEWARTBLAYNUMIS

Andy

Congratulations on finally learning how to price coins !!!!!

Stewart

coinguy1

<< <i>Congratulations on finally learning how to price coins !!!!! >>

Ok, Stuart, now it's YOUR turn to do so.

ScarsdaleCoin

very cold ......yes I noticed my average was way up at ANA more than 50%.....felt like I priced the coins way to cheap

Russ

<< <i>Too many people at the shows are looking for cheap stuff, which in the long run is not the best thing for their financial health. >>



I guess I'm screwed. All I ever buy is cheap stuff.

Russ, NCNE

tradedollarnut

Congratulations on finally learning how to price coins !!!!!

In order to price coins, don't you have to know how to grade them?

RGT

<< <i> In order to price coins, don't you have to know how to grade them? >>



Naw! You just need to know how to read. It's right there on the label.

BillJones

<< <i>

<< <i>Too many people at the shows are looking for cheap stuff, which in the long run is not the best thing for their financial health. >>



I guess I'm screwed. All I ever buy is cheap stuff.

Russ, NCNE >>



Russ, I'm not talking about the coins you buy. I'm talking about run of the mill Uncirculated modern coins, circuated non-key date coins, state quarters by the roll at a lot more than face value and most any coin that is graded by "Uncle Elmer's Slab Service" that is sold for "bid" or more. There are a lot of "Uncle Elmer Slab Service" coins for sale down here in Florida, and most of the coins are worth a fraction of the grades that on the holders.

When someone brings in a circulated set of Mercury dimes, you look at the 1916-D, the 1921s and the overdates. The rest gets treated like bullion. Yet a collector will go out pay more when they build the set piece by piece. They treat it strictly as a hobby with no thought about the money.

Let's not start a fight here over nothing.