To those who were able to attend Baltimore today...

speety

Two things:

1) Did you leave any coins for me to pickup tomorrow?

and

2) I hate you. (read as jealousy...)

Sincerely,
Speety

---------------------------------------------------------

So who all is down for Saturday at noon at PCGS' table?

Marauderrt10

<< <i>Two things:

1) Did you leave any coins for me to pickup tomorrow?

and

2) I hate you. (read as jealousy...)

Sincerely,
Speety

---------------------------------------------------------

So who all is down for Saturday at noon at PCGS' table? >>


Personally i thought it was the worst show ive been to in years.

stinkinlincoln

Ill be there all day from about 9-10 til they kick me out. Ill have the misses with me so Ill have to play nice with others, but I should be able to have a few brews with anyone thats game. Its Saturday, and no matter what time, its 5 somewhere...

MsMorrisine

I'm curious... why did you not like it?


I think I can make noon tomorrow. my kid will be with me.

Marauderrt10

<< <i>I'm curious... why did you not like it?


I think I can make noon tomorrow >>

No dealers are buying anything for fair prices. I went to atleast 25 tables with some high end pieces and everyone was either way under gray sheet or just made up some BS reason.

speety

<< <i>Personally i thought it was the worst show ive been to in years. >>



Did CRO rip you that badly on the pattern?

My dad and I aren't really expecting to pick up anything, i'm just going through withdrawl. If we manage to pick up something I'll be thrilled. I'll see you guys at "high noon" or for stinkinlincoln, just noon haha.

Marauderrt10

<< <i>

<< <i>Personally i thought it was the worst show ive been to in years. >>



Did CRO rip you that badly on the pattern?

My dad and I aren't really expecting to pick up anything, i'm just going through withdrawl. If we manage to pick up something I'll be thrilled. I'll see you guys at "high noon" or for stinkinlincoln, just noon haha. >>

RYK

<< <i>

<< <i>I'm curious... why did you not like it?


I think I can make noon tomorrow >>

No dealers are buying anything for fair prices. I went to atleast 25 tables with some high end pieces and everyone was either way under gray sheet or just made up some BS reason. >>



That was not my experience. I had a box of coins for show-and-tell, and dealers were repeatedly making strong offers on coins that were not for sale. Specifically, what coins were you offering and what are your criteria for "high end"? I ask because I know the times that I have been most disappointed with offers on coins have been when the coins have been most disappointing.

I will try to make noon.

291fifth

<< <i>

<< <i>I'm curious... why did you not like it?


I think I can make noon tomorrow >>

No dealers are buying anything for fair prices. I went to atleast 25 tables with some high end pieces and everyone was either way under gray sheet or just made up some BS reason. >>



What were you trying to sell?

MsMorrisine

<< <i>

<< <i>

<< <i>I'm curious... why did you not like it?


I think I can make noon tomorrow >>

No dealers are buying anything for fair prices. I went to atleast 25 tables with some high end pieces and everyone was either way under gray sheet or just made up some BS reason. >>



What were you trying to sell? >>




perhaps he should start by saying they are not for sale.

Marauderrt10

<< <i>

<< <i>

<< <i>I'm curious... why did you not like it?


I think I can make noon tomorrow >>

No dealers are buying anything for fair prices. I went to atleast 25 tables with some high end pieces and everyone was either way under gray sheet or just made up some BS reason. >>



What were you trying to sell? >>

Pr64-pr67 seated/trade dollars, barber halfs

291fifth

<< <i>

<< <i>

<< <i>

<< <i>I'm curious... why did you not like it?


I think I can make noon tomorrow >>

No dealers are buying anything for fair prices. I went to atleast 25 tables with some high end pieces and everyone was either way under gray sheet or just made up some BS reason. >>



What were you trying to sell? >>

Pr64-pr67 seated/trade dollars, barber halfs >>



Slabbed by? What were some of the excuses they gave for not wanting to buy them or for offering very low sums?

Marauderrt10

<< <i>

<< <i>

<< <i>

<< <i>

<< <i>I'm curious... why did you not like it?


I think I can make noon tomorrow >>

No dealers are buying anything for fair prices. I went to atleast 25 tables with some high end pieces and everyone was either way under gray sheet or just made up some BS reason. >>



What were you trying to sell? >>

Pr64-pr67 seated/trade dollars, barber halfs >>



Slabbed by? What were some of the excuses they gave for not wanting to buy them or for offering very low sums? >>

PCGS and 1 NGC. They said "They are phenominal coins, but I just don't think it works well with our collection" meanwhile they only say that after they ask what the price is. And I'm asking pretty much graysheet for it...

RYK

Most dealers I spoke with were starving for fresh, interesting, original, and attreactive coins. If your coins were not generating much interest or were generating low offers, consider the possibility that they may not be fresh, interesting, original, or attractive.

Marauderrt10

<< <i>Most dealers I spoke with were starving for fresh, interesting, original, and attreactive coins. If your coins were not generating much interest or were generating low offers, consider the possibility that they may not be fresh, interesting, original, or attractive. >>

Believe me. I only collect attractive coins

PerryHall

<< <i>What were you trying to sell? >>



Let us know what you were trying to sell and we may be able to tell you why dealers weren't interested in buying them. A few pics would also help. Were these "high end pieces" moderns? You may do better trying to sell them to other collectors on the BST forum.

PTVETTER

Most dealers are selling common stuff at ask or below .

That would, more than likely, include the vast majority of what you may have had .

291fifth

<< <i>

<< <i>

<< <i>

<< <i>

<< <i>

<< <i>I'm curious... why did you not like it?


I think I can make noon tomorrow >>

No dealers are buying anything for fair prices. I went to atleast 25 tables with some high end pieces and everyone was either way under gray sheet or just made up some BS reason. >>



What were you trying to sell? >>

Pr64-pr67 seated/trade dollars, barber halfs >>



Slabbed by? What were some of the excuses they gave for not wanting to buy them or for offering very low sums? >>

PCGS and 1 NGC. They said "They are phenominal coins, but I just don't think it works well with our collection" meanwhile they only say that after they ask what the price is. And I'm asking pretty much graysheet for it... >>



In my market, the Detroit area, nobody pays graysheet. This is not something new. It has always been that way.

At the Baltimore show the fact that so many dealers turned you down should tell you something about the real state of the market or perhaps about your possibly optimistic view of the coins' eye-appeal. I doubt if many dealers are willing to pay much unless they KNOW they can flip it for a very quick profit. Cash is still king.

yellowkid

Sorry fellows, anyone who was there yesterday knows that all the really good pieces were gone by 5 or so.

TomB

<< <i>

<< <i>

<< <i>

<< <i>

<< <i>

<< <i>I'm curious... why did you not like it?


I think I can make noon tomorrow >>

No dealers are buying anything for fair prices. I went to atleast 25 tables with some high end pieces and everyone was either way under gray sheet or just made up some BS reason. >>



What were you trying to sell? >>

Pr64-pr67 seated/trade dollars, barber halfs >>



Slabbed by? What were some of the excuses they gave for not wanting to buy them or for offering very low sums? >>

PCGS and 1 NGC. They said "They are phenominal coins, but I just don't think it works well with our collection" meanwhile they only say that after they ask what the price is. And I'm asking pretty much graysheet for it... >>


That isn't a good sign for the market if they are truly cool pieces. Alternatively, you might simply have picked the wrong table, but to do so with that many dealers would likely mean that wasn't the case. Do you have images or at least dates/grades? I ask because the pieces you wrote about might be quite cool.

Marauderrt10

<< <i>

<< <i>

<< <i>

<< <i>

<< <i>

<< <i>

<< <i>I'm curious... why did you not like it?


I think I can make noon tomorrow >>

No dealers are buying anything for fair prices. I went to atleast 25 tables with some high end pieces and everyone was either way under gray sheet or just made up some BS reason. >>



What were you trying to sell? >>

Pr64-pr67 seated/trade dollars, barber halfs >>



Slabbed by? What were some of the excuses they gave for not wanting to buy them or for offering very low sums? >>

PCGS and 1 NGC. They said "They are phenominal coins, but I just don't think it works well with our collection" meanwhile they only say that after they ask what the price is. And I'm asking pretty much graysheet for it... >>


That isn't a good sign for the market if they are truly cool pieces. Alternatively, you might simply have picked the wrong table, but to do so with that many dealers would likely mean that wasn't the case. Do you have images or at least dates/grades? I ask because the pieces you wrote about might be quite cool. >>

Ill shoot you some pictures when I get home

soapguy

bought the cheapies left
the bigguns for you.
dealers are now waiting to empty
your wallet. lol

crazyhounddog

No dealers are buying anything for fair prices. I went to atleast 25 tables with some high end pieces and everyone was either way under gray sheet or just made up some BS reason.

It's like that at every coin show I've attended...Coin dealers buy low and sell high, you'll never get a good deal selling at a coin show 99% of the time...

PonyExpress8

<< I'm curious... why did you not like it?


I think I can make noon tomorrow >>

No dealers are buying anything for fair prices. I went to atleast 25 tables with some high end pieces and everyone was either way under gray sheet or just made up some BS reason. >>



What were you trying to sell? >>

Pr64-pr67 seated/trade dollars, barber halfs >>



Slabbed by? What were some of the excuses they gave for not wanting to buy them or for offering very low sums? >>

PCGS and 1 NGC. They said "They are phenominal coins, but I just don't think it works well with our collection" meanwhile they only say that after they ask what the price is. And I'm asking pretty much graysheet for it... >>


That isn't a good sign for the market if they are truly cool pieces. Alternatively, you might simply have picked the wrong table, but to do so with that many dealers would likely mean that wasn't the case. Do you have images or at least dates/grades? I ask because the pieces you wrote about might be quite cool. >>

Ill shoot you some pictures when I get home

Marauderrt10,

I wish you had stopped by my table with your Barber Halves. You would have gotten strong offers for them if they were original pieces. I bought 3 halves here at the show offered to me by collectors and paid full bid for one, ask plus for a second and 2+ grades higher for the third. Of course I bought a few other coins as well from other dealers too. However, its also true I may look at dozens of halves before I find one that is original and acceptable for the grade.

Most dealers have an area they specialize in and if you show the right coins to the right dealers good prices continue to be paid for high quality, original, accurately graded coins.

soapguy

i hear ya. asked prices on several
common toned morgans @ different dealers. nice
tone but not wow tone, had to gather my jaw
while saying nice but no thanks.

nankraut

<< <i>Most dealers I spoke with were starving for fresh, interesting, original, and attreactive coins. If your coins were not generating much interest or were generating low offers, consider the possibility that they may not be fresh, interesting, original, or attractive. >>



I need to be educated here-----when you look at a coin, how can you tell if it's "fresh"? I've seen this description before, and really don't understand what it denotes.

TomB

I'm guessing one way to interpret "fresh" is that if the dealer has seen the coin offered in one or two auctions or on one or two websites over the last couple of years then the coin wouldn't be "fresh". However, if the coin has been off the market for several years then it might regain the status of "fresh". This is just one possible interpretation of how it might be used.

RYK

Maybe it was because I had Longacre by my side, but dealers were literally asking to buy coins from me which were not for sale. There is one coin that I could have sold five times. Another that I could have sold twice. Two people gave their business cards and asked me to call them if I ever decide to sell. Dealer-friend Al Adams even talked me into selling a coin that I brought with me just to get photographed.

In the past, I learned from the coins I had difficulty selling. I usually had the wrong stuff, bought from the wrong sources, at the wrong price, with the wrong look and/or at the wrong time.

Take the coins to an experienced collector or dealer who will give you an honest opinion. That's what I have done and still do in similar circumstances.

nankraut

Thanks Tom...that makes sense, I guess. I thought maybe it had to do with how long ago it was encapsulated or something.

WTCG

Good economy or bad economy, legitimately nice coins will always be in demand and sell for strong prices. If multiple dealers were refusing the coins or making weak buy offers then the likely reason would be that the coins aren't as nice as the owner believes they are. Eye appeal and grading are subjective traits, but the majority consensus tends to be the correct consensus.

Proof Trade Dollars are currently in reasonable demand, especially for quality PR64 and PR65 examples. PQ quality coins of those grades should have no problem selling. The PR66 and above examples aren't as strong as they have been in the past.

I wonder if those Trade Dollars were ever offered to dealers like Legend, Kevin Lipton, Heritage or Kenny Duncan? Those dealers are looking for high grade proofs and have plenty of places to go with them. Having enough cash wouldn't be a problem for those folks.

Goldbully

<< <i>

<< <i>

<< <i>I'm curious... why did you not like it?


I think I can make noon tomorrow >>

No dealers are buying anything for fair prices. I went to atleast 25 tables with some high end pieces and everyone was either way under gray sheet or just made up some BS reason. >>



That was not my experience. I had a box of coins for show-and-tell, and dealers were repeatedly making strong offers on coins that were not for sale. Specifically, what coins were you offering and what are your criteria for "high end"? I ask because I know the times that I have been most disappointed with offers on coins have been when the coins have been most disappointing.

I will try to make noon. >>



RYK, thanks for handing the box over to me for viewing. I loved each and every coin. Dirty $10 gold, half dimes, pattern dime, old gold, $3 gold....amazing stuff!!! Thank God TSA kept their gloved hands off!!

edited to add: I forgot, in that same box, your 1926 MS66 Saint was the bees knees!!!! Jaw dropper quality!!!

joebb21

just as a surprising note- when I wpoke to ALBANESE coins, they said they werent buying on friday.
maye that message was specifically to me and maye it was because they didnt like what I had-
but Ive had no problem selling them things before.

291fifth

Nothing kills interest in collectibles such as coins when dealers decline to buy. It immediately sets off alarm bells in the collector's mind ... they start to realize that their dealer "friends" have been burying them in second rate "product" (or "product" which has no real demand.)

Being successful in selling coins on the bourse floor requires that the collector know EXACTLY which dealers are the real buyers.

Looking out on a room full of 400 dealers can be very intimidating if you don't know the market. How do you find the real buyers? They are out there ... somewhere.

RYK has clearly learned his lessons well. He knows who to buy from and who to sell to. He also knows what to buy and what to avoid.

BigMoose

Funny thing, I decided to "lighten up" a little at the Baltimore Show and took 27 coins for sale. I sold 25 of these in a little over 24 hrs. I didn't expect to make what I paid for many of these, but made major hits on a few and those hits more than compensated for any losses. I found that I always do better with dealers I have a personal relationship with, and you must know what type of material specific dealers are looking for. In my view, anything choice for the grade and with eye appeal was selling for good money at Baltimore.

speety

<< <i>bought the cheapies left
the bigguns for you.
dealers are now waiting to empty
your wallet. lol >>



We returned from Baltimore with an empty wallet, how'd you know?

Report and pics to come later....

mommam17

It' very easy to buy the right coin at the wrong money, and the wrong coin at the right money. But, when it comes time to sell, it becomes very difficult.

Hyperion

<< <i>It' very easy to buy the right coin at the wrong money, and the wrong coin at the right money. But, when it comes time to sell, it becomes very difficult. >>