Just got turned away at a Dealer's shop

nesvt · August 30, 2006 1:38AM

No. I wasn't wearing my "I Love VAMs" t-shirt. I had a loupe in my pocket and few hundred bucks in cash.

New shop in the area. The permanent sign reads "BUY & SELL COINS", and they have a folding sign on the sidewalk showing "BUYING & SELLING COINS".

Stopped by two months ago. They had just opened, had no inventory, and was told to "come back in a couple weeks". This was understandable.

I gave them a month. Unfortunately they weren't open during their posted business hours and my second visit failed.

Now it's been two months since they opened. I just took an hour off of work and burned up three gallons of gas. I was told "we're just stockpiling stuff right now. Should be selling soon.". What the %#@*? He told me they had lots of stuff, but they were holding on to it. What's up with the "selling" sign? I told him I'd check back in a year or so. He replies "come back in a couple weeks".

Some folks know the "vt" in my userid is for Vermont. This place is NOT Tim's new shop (VTcoins). Tim has already sent me a couple of PM's with invites to come to his shop and search through his inventory. I hope to take him up on it during my next visit through Rutland. He seems to actually buy and SELL.

BobaFett72 · August 30, 2006 1:41AM

maybe the store front is just that... a front! and they are smuggling weapons to Iran.

honestly, doesnt make much sense. Did you flash your wad of cash

notwilight · August 30, 2006 1:47AM

I wouldn't expect too much from a shop like this. Quality sellers usually have quality customer service. We see new businesses opening up in all areas that don't have a clue, they don't last long.

OTOH, if you can get there when they start selling you might find some real bargains if they are indeed clueless. Take more cash just in case.

I do all my coin shoppinb via motorcycle. Much less gas, zip thru traffic, and coin's are never too big to fit in the side cases.

Good luck,
Jerry

ColonialCoinUnion · August 30, 2006 2:03AM

Phone first.

segoja · August 30, 2006 2:06AM

Many shops are collectors in disguise. They use the shops to buy for themselves.

Usually those types of dealers want full retail and then some.

They probably saw you coming and said here's a guy who knows his stuff.

Don't think I'd make a trip back anytime in the near future.

ricko · August 30, 2006 3:43AM

VTCoins is worth visiting and doing business with... Tim is a stand-up guy.... Always satisfied dealing with him. Cheers, RickO

VTCoins · August 30, 2006 3:52AM

Some folks know the "vt" in my userid is for Vermont. This place is NOT Tim's new shop (VTcoins). Tim has already sent me a couple of PM's with invites to come to his shop and search through his inventory. I hope to take him up on it during my next visit through Rutland. He seems to actually buy and SELL.

I have plenty of coins on display for sale and we are always here during our posted hours. I'm usually here during our closed hours too!

The new place up in Burlington may be set up as a "buy" location. With gold and silver high, I imagine they have a lot of people coming in to sell. I've never met the people who set up this new shop, so they may be fairly new to the business.

nesvt · August 30, 2006 3:55AM

<< <i>The new place up in Burlington may be set up as a "buy" location. >>

I'm going to get myself in trouble. Forgot there was a new place in Burlington too. The place I was refering to is in Essex Junction.

Outhaul · August 30, 2006 3:57AM

Many shops simply buy and sell metals and coins are included. We have a few of these nearby. They're hardly ever open and when they are the owners are more knowledgeable with regard to metals than coins. Prices they ask for coins is out of sight!

OKbustchaser · August 30, 2006 3:59AM

It has been my experience that there are many retail (and I use the term loosely) coin shops which are there only to buy--not to sell to the public. They then wholesale it off to bigger dealers.

michael · August 30, 2006 4:27AM

shop is there to buy only and a place to meet and buy

as you only make money when you buy

sort of like a coin pawn shop for walk ins that need $$$$

Leiana · August 30, 2006 4:28AM

"I love VAMS" T-shirt=

That's all I have to say.

-Amanda

LanLord · August 30, 2006 4:30AM

<< <i>maybe the store front is just that... a front! and they are smuggling weapons to Iran. honestly, doesnt make much sense. Did you flash your wad of cash

>>

That was my thought too, only I was wondering about a drug front. If it is a drug front and pick me up something good!

VTCoins · August 31, 2006 12:10AM

I'm going to get myself in trouble. Forgot there was a new place in Burlington too. The place I was refering to is in Essex Junction.

Ahh! I thought you were talking about the new place on Shelburne Road.