time to find a new dealer

Hedger

When is it time to go searching for a new dealer? Is it when you buy nice MS63 raw examples from his case and a couple of months later go to trade for an upgrade only to find your coins are boarder sliders and get AU prices for the junk you just bought a few month earlier? I now know there isn't a dealer around you can trust. What has this hobby become? Just look at what happend to the mint products skyrocketing in price. It's all about greed anymore and no fun. Now I wish I had kept most of my childhood collection and left it at that. And look at dealer's cases today and what do you see but the same cleaned junk that has been rotating around and around for the last couple of years. Where are all the good coins? Certainly not at dealers or on ebay.

K6AZ

Most of the good stuff is in top tier holders. There are plenty of nice coins on eBay in these holders, you're just not going to be able to rip them.

kieferscoins

<< <i> I now know there isn't a dealer around you can trust. >>



They why look around for another one?

I don't see junk cleaned coins in many dealers cases. Go to the bigger shows and stick with slabbed coins.

Cameron Kiefer

Hedger

Seems the only way to go is slabbed nowadays. Good advice I'll stick with. Why look for another dealer? I'm hoping I'll get lucky but we know that won't happen so I won't bother. Just venting.

ksteelheader

Just don't come to the dealers I frequent. Wouldn't want you finding all the junk I get off of them!

CUEBALL

Don't give up! I've felt like that to at times.Try to learn from your mistakes and learn all you can about grading and buy TPG coins that will increase your odds of getting a decent deal a lot. It use to be a lot worse than this before the grading services come along.TPG services reformed the hobby in my opinion and made it a lot more collector friendly but some dealers can't seem to get away from the old ways.There are a lot of great dealers out there but it don't take many rotten apples to spoil the whole barrell.

mercurynut

Its the same with all collectables. People who own them think they are upper end and the people who buy from them believe its lower end.

stev32k

My observation is that dealers that undergrade when buying and overgrade when selling don't stay in business very long. There are numerous examples. We had a dealer in my town that consistently tried to sell XF coins as "Gem Brilliant Uncirculated". He could fool kids and wifes that were trying to buy their Husband a birthday present, but not for long. He lasted three years before declaring bankruptcy and losing everything he owned. I once tried to buy a 1941-S liberty walking half that was a good XF, but he had it listed and priced like an MS65. When I pointed out the obvious wear he said it was just a weak strike. When I got out the ANA grading standards book he said he used his own grading standards.

I saw the guy working at Home Depot in the paint dept. about a year ago. We stopped to talk a little and he blamed his bankruptcy on ebay. I didn't have the heart to tell him that he went out of business because he was an idiot, and you can't make a living for very long by ripping off the customers.

GoYankees

<< <i>My observation is that dealers that undergrade when buying and overgrade when selling don't stay in business very long. There are numerous examples. We had a dealer in my town that consistently tried to sell XF coins as "Gem Brilliant Uncirculated". He could fool kids and wifes that were trying to buy their Husband a birthday present, but not for long. He lasted three years before declaring bankruptcy and losing everything he owned. I once tried to buy a 1941-S liberty walking half that was a good XF, but he had it listed and priced like an MS65. When I pointed out the obvious wear he said it was just a weak strike. When I got out the ANA grading standards book he said he used his own grading standards.

I saw the guy working at Home Depot in the paint dept. about a year ago. We stopped to talk a little and he blamed his bankruptcy on ebay. I didn't have the heart to tell him that he went out of business because he was an idiot, and you can't make a living for very long by ripping off the customers. >>



Good post.

Smittys

Not all dealer are created equal
Yes I do like to buy at good prices, but I also pass that on
I've sold many raw coins to come back slabbed better than my grade
I guess it all depends on where you go and what you buy.
I'm just a small town dealer trying to make an honest living.
Do I make mistakes , yes, but they are not all bad
I guess Dealer bashing is like modern bashing either you like them
or you don't.
Just my two cents worth.

Smitty

ksteelheader

Before you go into a shop to buy, learn something about coins and grading them. If you don't, you've only got yourself to blame. I find a lot of good coins in the raw. Going strictly by buying slabbed coins is just accepting someone elses opinion on grade. That is a major discussion on here all the time. People come on here and tell you to buy only slabbed coins and the next day tell you that they got ripped on grades. Learn to grade for yourself and you'll do alright!