I like to do a "show and tell" at shows, with folks from the board here that I get the opportunity to meet while at the show. After a thread like this, I wonder of I run the risk of some dealer, show organizer, or busybody, running up and accusing me of something else.
I always find it fun to show certain items I bring with the express intent to show someone I know I will meet up with, and/or any new purchases at that show.
The handy thing about trading on the bourse floor is that you can eavesdrop the offers and bump into the seller and wink. Also there are lots of dealers you can borrow a Gray Sheet from and use their loupe.
<< <i>I like to do a "show and tell" at shows, with folks from the board here that I get the opportunity to meet while at the show. After a thread like this, I wonder of I run the risk of some dealer, show organizer, or busybody, running up and accusing me of something else.
I always find it fun to show certain items I bring with the express intent to show someone I know I will meet up with, and/or any new purchases at that show. >>
I love Whitman as much as anyone, but if they tell me I can't do show and tell on the bourse floor, I will not be going to Baltimore anymore.
<< <i>The handy thing about trading on the bourse floor is that you can eavesdrop the offers and bump into the seller and wink. Also there are lots of dealers you can borrow a Gray Sheet from and use their loupe.
>>
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
Trading is fine when both parties can agree on the terms of the trade. Dealer to dealer transactions normally do not involve trades but retail buyers offering coins for trade isn't abnormal.
Many shows do not allow people to deal at a show outside of the bourse area. If the show you attend has that rule posted in writing you should respect that. If a show allows trades to occur at the snack bar area then it negates the need to rent a bourse table to conduct business.
Follow me on Twitter @wtcgroup Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
Good thread. I think it goes to show there are a lot of variables, and it is not just a black and white area. Saying dealers versus collectors isn't even easy. Many dealers (including myself) still actively collect, and many collectors deal on the side (even if it is just selling extras).
Some dealers do just wholesale, some do both wholesale and retail. Some dealers take big table setups, while some never take tables and just work In a vest pocket style. Many collectors and dealers pay for early bird badges at shows as well.
It is really just a matter of give and take, and everyone being respectful of each other. There are certainly ways for everyone to buy/sell/trade at shows, while respecting the positions of others, whether collector, dealer, or (in the case of many of us) both.
"It is the mark of an educated mind to be able to entertain a thought without accepting it." -- Aristotle
For a large selection of U.S. Coins & Currency, visit The Reeded Edge's online webstore at the link below.
I understand it from a dealers point of view . BUT , never in my life have I gone to a show where there is a sign posted that I cannot publically trade with someone . Nor that I will be thrown out if I do . Unless posted all is fair game (I do not do this , just making a point).
<< <i>I'd been to many, many, gun shows, but attended my first coin show this Spring. I assumed the coin shows were like gun shows - if you have something to sell, bring it along and make your sale/trade, as long as it is legal (no distinction between dealers and attendees). The flyer for the coin show said "Buy, Sell, Trade", but had no caveat "only from/to/with dealers". I did not know that was frowned upon, but now I do.
For me, that is now a moot point, as I decided that I will no longer sell/trade through this type of venue. I understand that dealers need to make a profit, but I basically felt "screwed" by the dealer that I did sell my extras to (I can get "melt" value anywhere, and that's about what I got!)...
Just my $.02 - observations from a new-by.
Thanks for the interesting thread! >>
I suspect if someone went to a gun show carrying 30 or 50 guns, and walked around trying to sell them, there would be something said about it by the people who paid to have tables at the show. They would not tolerate dealers who didn't pay for a table walking around soliciting sales from the public.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
<< <i>I'd been to many, many, gun shows, but attended my first coin show this Spring. I assumed the coin shows were like gun shows - if you have something to sell, bring it along and make your sale/trade, as long as it is legal (no distinction between dealers and attendees). The flyer for the coin show said "Buy, Sell, Trade", but had no caveat "only from/to/with dealers". I did not know that was frowned upon, but now I do.
For me, that is now a moot point, as I decided that I will no longer sell/trade through this type of venue. I understand that dealers need to make a profit, but I basically felt "screwed" by the dealer that I did sell my extras to (I can get "melt" value anywhere, and that's about what I got!)...
Just my $.02 - observations from a new-by.
Thanks for the interesting thread! >>
I suspect if someone went to a gun show carrying 30 or 50 guns, and walked around trying to sell them, there would be something said about it by the people who paid to have tables at the show. They would not tolerate dealers who didn't pay for a table walking around soliciting sales from the public. >>
This really isnt the case. Transactions between non-dealers happen A LOT at gun shows.
I can understand the opinions on this topic as I have been on all the different sides. I've been offender, offendee, and most everything inbetween, but mostly an offendee. For the dozens of times I set up at local shows over the years, I don't think I've lost a dime in sales from these practices.
But it would seem to me that the transaction amount occurring inbetween the aisles or in the food court or entry area is <1% of the shows tabled dealer volume. I go to a coin show to see the dealers who have tables. If that wasn't the case then I would just call up the 1 or 2 collectors and dealers that I wanted to see who won't have tables and conduct business far away from the show. It may even save me from having to attend/pay for the show. What's the next step, preventing coin collectors from discussing the auction lots between themselves so that they don't become additionally informed? In the viewing room: "sorry guys, one of you two needs a dealer badge to discuss auction lots."
I believe it is wrong for a collector to conduct coin business, within a bourse area, with other than a person renting a space. A lot of dealers work hard just to pay their expenses for attending a show, and it is not right to take any business away from them. If you need to do otherwise, please do it where no table dealer can view you.
I collect Capped Bust series by variety in PCGS AU/MS grades.
Comments
After a thread like this, I wonder of I run the risk of some dealer, show organizer, or busybody, running up and accusing me of something else.
I always find it fun to show certain items I bring with the express intent to show someone I know I will meet up with, and/or any new purchases at that show.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Also there are lots of dealers you can borrow a Gray Sheet from and use their loupe.
<< <i>I like to do a "show and tell" at shows, with folks from the board here that I get the opportunity to meet while at the show.
After a thread like this, I wonder of I run the risk of some dealer, show organizer, or busybody, running up and accusing me of something else.
I always find it fun to show certain items I bring with the express intent to show someone I know I will meet up with, and/or any new purchases at that show. >>
I love Whitman as much as anyone, but if they tell me I can't do show and tell on the bourse floor, I will not be going to Baltimore anymore.
<< <i>The handy thing about trading on the bourse floor is that you can eavesdrop the offers and bump into the seller and wink.
Also there are lots of dealers you can borrow a Gray Sheet from and use their loupe.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Many shows do not allow people to deal at a show outside of the bourse area. If the show you attend has that rule posted in writing you should respect that. If a show allows trades to occur at the snack bar area then it negates the need to rent a bourse table to conduct business.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
Some dealers do just wholesale, some do both wholesale and retail. Some dealers take big table setups, while some never take tables and just work In a vest pocket style. Many collectors and dealers pay for early bird badges at shows as well.
It is really just a matter of give and take, and everyone being respectful of each other. There are certainly ways for everyone to buy/sell/trade at shows, while respecting the positions of others, whether collector, dealer, or (in the case of many of us) both.
For a large selection of U.S. Coins & Currency, visit The Reeded Edge's online webstore at the link below.
The Reeded Edge
<< <i>I'd been to many, many, gun shows, but attended my first coin show this Spring. I assumed the coin shows were like gun shows - if you have something to sell, bring it along and make your sale/trade, as long as it is legal (no distinction between dealers and attendees). The flyer for the coin show said "Buy, Sell, Trade", but had no caveat "only from/to/with dealers". I did not know that was frowned upon, but now I do.
For me, that is now a moot point, as I decided that I will no longer sell/trade through this type of venue. I understand that dealers need to make a profit, but I basically felt "screwed" by the dealer that I did sell my extras to (I can get "melt" value anywhere, and that's about what I got!)...
Just my $.02 - observations from a new-by.
Thanks for the interesting thread! >>
I suspect if someone went to a gun show carrying 30 or 50 guns, and walked around trying to sell them, there would be something said about it by the people who paid to have tables at the show. They would not tolerate dealers who didn't pay for a table walking around soliciting sales from the public.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
<< <i>
<< <i>I'd been to many, many, gun shows, but attended my first coin show this Spring. I assumed the coin shows were like gun shows - if you have something to sell, bring it along and make your sale/trade, as long as it is legal (no distinction between dealers and attendees). The flyer for the coin show said "Buy, Sell, Trade", but had no caveat "only from/to/with dealers". I did not know that was frowned upon, but now I do.
For me, that is now a moot point, as I decided that I will no longer sell/trade through this type of venue. I understand that dealers need to make a profit, but I basically felt "screwed" by the dealer that I did sell my extras to (I can get "melt" value anywhere, and that's about what I got!)...
Just my $.02 - observations from a new-by.
Thanks for the interesting thread! >>
I suspect if someone went to a gun show carrying 30 or 50 guns, and walked around trying to sell them, there would be something said about it by the people who paid to have tables at the show. They would not tolerate dealers who didn't pay for a table walking around soliciting sales from the public. >>
This really isnt the case. Transactions between non-dealers happen A LOT at gun shows.
For the dozens of times I set up at local shows over the years, I don't think I've lost a dime in sales from these practices.
But it would seem to me that the transaction amount occurring inbetween the aisles or in the food court or entry area is <1% of the shows tabled dealer volume. I go to a coin
show to see the dealers who have tables. If that wasn't the case then I would just call up the 1 or 2 collectors and dealers that I wanted to see who won't have tables and conduct business far away from the show. It may even save me from having to attend/pay for the show. What's the next step, preventing coin collectors from discussing the auction lots between themselves so that they don't become additionally informed? In the viewing room: "sorry guys, one of you two needs a dealer badge to discuss auction lots."