What defines a good coin show for a dealer?
RYK
Posts: 35,797 ✭✭✭✭✭
I read a forum member's report on another thread:
My own observation is that the bourse was very slow. The usual dealer-to-dealer stuff going on, but vastly less foot traffic from the public as compared with FUN in Orlando. Some guys were saying they were having a good bourse show, but we'd go twenty minutes at a time on our end with no one stopping to look.
It has been my observation, including attending what have been considered by others to be "white hot" shows, that a good NATIONAL show for a dealer is one that allows him/her to pick up a lot of nice coins at decent prices (from auctions or other dealers) that can be easily sold to his/her established clientele upon return home. It has little to do with retail trafffic and sales, however. Any comment?
My own observation is that the bourse was very slow. The usual dealer-to-dealer stuff going on, but vastly less foot traffic from the public as compared with FUN in Orlando. Some guys were saying they were having a good bourse show, but we'd go twenty minutes at a time on our end with no one stopping to look.
It has been my observation, including attending what have been considered by others to be "white hot" shows, that a good NATIONAL show for a dealer is one that allows him/her to pick up a lot of nice coins at decent prices (from auctions or other dealers) that can be easily sold to his/her established clientele upon return home. It has little to do with retail trafffic and sales, however. Any comment?
0
Comments
<< <i>
It has been my observation, including attending what have been considered by others to be "white hot" shows, that a good NATIONAL show for a dealer is one that allows him/her to pick up a lot of nice coins at decent prices (from auctions or other dealers) that can be easily sold to his/her established clientele upon return home. It has little to do with retail trafffic and sales, however. Any comment? >>
Just an obsevation from a member of John Q Public. Even at a tiny show like what we have here in Omaha every month, it takes an average collector, non dealer, 30 minutes to an hour wait in line to just get to a table while the local dealers cherry pick what they want first. Very frustrating!!! And the dealers seem to have little interest in retail traffic and sales in return. With the exception of buying collections and coins at pennies on the dollar.
If footraffic is slow, I'm not going to sit around and wait for the little bit of action that's going on to come to me. You have to get off your butt and make things happen out there. Bigger, more established dealers usually don't have this problem.
I remember doing a small show (30 tables?) and selling $100 worth of coins, but I was able to buy so much material out on the floor from other dealers with whom I hadn't seen before, that the show turned out to be fantastic. On the other hand, I've done the Bay State Show in Boston and wasn't able to sell or buy much of anything and that's downright depressing, only because there is so many dealers in the room, you would think you could do SOMETHING there.
LSCC#1864
Ebay Stuff
It was a really good show although I wouldn't use the word exceptional. There was a lot of competition for certain series which in my opinion have become priced unreasonably high. I won't chase that material for my customers because if it collapses in 6 months then I become the bad guy.
Other areas are such a better buy.
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870