Introducing Modern Coin Wholesale
RonDrzewucki
Posts: 5
If you had told me 29 years ago that I would be selling coins to people all over the world with something called “eCommerce” and the Internet, I would have never believed it much less understood what that would mean. Twenty nine years ago I was 15 with 200 dollars to my name, getting on my first plane ride to a coin show hoping to make some extra money. A lot has changed since then. I’ve made many great friends in the coin business over the years, traveled around the globe to coin shows, opened a coin business, worked for NGC as a grader, and now am proud to have a website that can bring coins to people anywhere who have an interest in them- ah the power of the internet!
However, most of all I am proud that I became a father 16 years ago and working with my son has been one of the most rewarding moments so far. The launch of Modern Coin Wholesale marked the beginning of a Third Generation coin business. My father operates his own company in St. Louis, and now my son is a part of the team at Modern Coin Wholesale. He played an integral part in this project coming together. I’ve passed down not coins to my 16 year old son, but the knowledge of them, and this is more valuable than any coin I could have given him over the years. Many collectors build their collection with the hope that they one day can pass down this accumulation of specially selected coins to their children or grandchildren, and of course hope that it will appreciate in value.
The passion and enthusiasm coin collectors have is fierce, and most collectors would tell you that all they wish is that they can share this passion with someone else who can value it too. My team and I are truly passionate about the coin business so whether you are an experienced coin collector, or just getting your feet wet, we are here to help you accomplish your numismatic ambitions. I hope you like our new website.
Ron Drzewucki
CEO, Modern Coin Wholesale, Inc.
www.moderncoinwholesale.com
However, most of all I am proud that I became a father 16 years ago and working with my son has been one of the most rewarding moments so far. The launch of Modern Coin Wholesale marked the beginning of a Third Generation coin business. My father operates his own company in St. Louis, and now my son is a part of the team at Modern Coin Wholesale. He played an integral part in this project coming together. I’ve passed down not coins to my 16 year old son, but the knowledge of them, and this is more valuable than any coin I could have given him over the years. Many collectors build their collection with the hope that they one day can pass down this accumulation of specially selected coins to their children or grandchildren, and of course hope that it will appreciate in value.
The passion and enthusiasm coin collectors have is fierce, and most collectors would tell you that all they wish is that they can share this passion with someone else who can value it too. My team and I are truly passionate about the coin business so whether you are an experienced coin collector, or just getting your feet wet, we are here to help you accomplish your numismatic ambitions. I hope you like our new website.
Ron Drzewucki
CEO, Modern Coin Wholesale, Inc.
www.moderncoinwholesale.com
MCWholesale
www.moderncoinwholesale.com
www.moderncoinwholesale.com
0
Comments
Welcome to the forum and good luck with the new venture.
Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards
Posted by Ron Drzewucki's assistant, Ashleigh.
Please excuse the obtuse placement, as I am new to the forum.
In any case, thank you for your patience and hope we can have a good discussion about coins in the future!
www.moderncoinwholesale.com
<< <i>No more spam than any other member who announces their new website or business here and them moves the plug to their signature line.
Welcome to the forum and good luck with the new venture. >>
All those thousands of different labels make me dizzy.
Good luck on your venture. People buy into this stuff all the time.
Too many positive BST transactions with too many members to list.
You might put your website in a "sigline" therefore it would not be seen as spam as I understand it.
Looks like MCM and Wondercoin got some competition!
The name is LEE!
Coin Club Benefit auctions ..... View the Lots
Best to your new venture!
Dan, St Louis.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
I assume you're specializing in US but do you do much with world moderns yet?
I welcome honest competition! Not to mention, from what I just read Ron has brought his son into his business. I can relate to that as both my son and daughter also enjoy the coin business and Justin tells me he is "taking over" for me when he gets out of UCLA in 18 months with his Chemistry degree. I am already planning the vacation with Mom! Not to mention the big $$$$$ Justin is saving Mom & I by not going to medical school like the 94% of the other students in his pre-med fraternity that get into medical school on average! I am sure Ron and his son can attest to the fact that running a coin business is no easy task. In about 18 months, Justin may also likely learn (very quickly) that his "fraternity days and nights" at UCLA were among the "most fun days of his life". LOL.
Best of luck Ron/Little Ron!
Wondercoin
As the others have said, beware of being construed as a spammer on this discussion-only forum.
All new members should get a mulligan on that score, though.
I didn't click on this thread initially because I don't do much with modern coins, but then I noticed a banner ad at the top of the page with your business name (or one that looked similar- it flashed past). So I thought I would take a peek.
Best of luck to you. This is a great community, full of diverse personalities (and I mean that in both the good and bad senses of the word).
And the pool of knowledge here is likely second to none. You want a numismatic "think tank"? I am of the opinion that this is #1 in that regard, at least for the US coins.
PS- Cladking echoed one of my thoughts:
<< <i>I assume you're specializing in US but do you do much with world moderns yet? >>
I don't do much with modern US coins, but a nice modern world coin can turn my head once in a while.
<< <i>All new members should get a mulligan on that score, though. >>
Well put.
Anyway, let me add my
"Inspiration exists, but it has to find you working" Pablo Picasso
yours show on the bottom banner for me.
<< <i>Welcome, ignore the few rent a cops that reside here. >>
actually this rent-a-cop noticed they already bought the ads. complaining they should buy ad space would do no good.
and now I see the banner ads above the forum, too.
Overall, I am not especially impressed with the website or the offerings. It looks like an MCM or Gainesville Coin knock-off.
This is a coin forum, not an ad, so I do have the liberty of commenting on the subject of the OP, no?
Fair point. I have been in the market for a 1996 Silver Eagle in PCGS-MS69 since the coin was selected as #100 in the Top 100 Modern list. It is a coin I have very little interest in owning (and in my view should not even be in the Top 100 list), but at around $100 or so ... no biggie to fill the slot. In fact, I believe the highest buy price on the CCE dealer network on the coin is $83. So, I recently just bid $102 on the coin. I also have been an underbidder on a couple coins on ebay of late with the coins fetching around $120 or so to the winning bidder which was not me. So, I was a bit surprised to see the coin listed at $159.95 as in my opinion that is certainly NOT a "wholesale" price.
I suspect I will fill the hole in the next few weeks in the $100-$120 range even though the high dealer bid is only $83. That is the "cost" of building a registry set sometimes. But, a constructive comment ... if you are going to advertise as a modern coin wholesale site, try to maintain "wholesale" prices on the products listed.
Wondercoin.
edited to add ... while the price does show $159.95, I also just saw there is no coin available for sale at that price or any other price at this time.
<< <i>Are open adverts like this allowed here? >>
Seems ok and less obtrusive than the linkified web stores / sales in signatures which are allowed.
Plus he's a former professional coin grader so I'd give him some bonus points. Hopefully he'll start posting here regularly
Good luck on your business Ron! And welcome to the message boards!
and it sets us apart from practitioners and consultants. Gregor
It's good for all of us to have someone with your extensive knowledge and coin background continue to be involved in the market.
I'm sure that Modern Coin Wholesale will be a huge success.
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.All kidding aside. Welcome! I am looking forward to reading your future posts. It will be interesting to hear the perspective from a former NGC grader. Good luck on your new business venture. I will check your site periodically to see if you have anything I am searching for.
Its great to hear about other businesses in the industry with sons and daughters too.
We have already sold thousands of PCGS modern coins and are looking forward to offering more PCGS world coins... as well as expanding the modern coin market in general, competition aside.
What kind of PCGS graded world coins do you think will be the most in demand this year?
As for our prices, they reflect what we can retail coins for, as we also buy sell and trade in other retail avenues. Plus as a former coin grader and finalizer I hand select coins and make sure they meet my criteria to be on the website, so there is an extra added confidence when buying from our website.
- Ron
www.moderncoinwholesale.com
and make your sigline a link like I have at the bottom on my post
so you can click it
<< <i>Hi All, thanks for the welcome and understanding. I wanted to break the ice, get our story out, and get some honest feedback on the website.
Its great to hear about other businesses in the industry with sons and daughters too.
We have already sold thousands of PCGS modern coins and are looking forward to offering more PCGS world coins... as well as expanding the modern coin market in general, competition aside.
What kind of PCGS graded world coins do you think will be the most in demand this year?
As for our prices, they reflect what we can retail coins for, as we also buy sell and trade in other retail avenues. Plus as a former coin grader and finalizer I hand select coins and make sure they meet my criteria to be on the website, so there is an extra added confidence when buying from our website.
- Ron >>
But why is the site called wholesale if you are retailing?
<< <i>"Looks like Modern Coin Retail."
Fair point. I have been in the market for a 1996 Silver Eagle in PCGS-MS69 since the coin was selected as #100 in the Top 100 Modern list. It is a coin I have very little interest in owning (and in my view should not even be in the Top 100 list), but at around $100 or so ... no biggie to fill the slot. In fact, I believe the highest buy price on the CCE dealer network on the coin is $83. So, I recently just bid $102 on the coin. I also have been an underbidder on a couple coins on ebay of late with the coins fetching around $120 or so to the winning bidder which was not me. So, I was a bit surprised to see the coin listed at $159.95 as in my opinion that is certainly NOT a "wholesale" price.
I suspect I will fill the hole in the next few weeks in the $100-$120 range even though the high dealer bid is only $83. That is the "cost" of building a registry set sometimes. But, a constructive comment ... if you are going to advertise as a modern coin wholesale site, try to maintain "wholesale" prices on the products listed.
Wondercoin.
edited to add ... while the price does show $159.95, I also just saw there is no coin available for sale at that price or any other price at this time. >>
EXACTLY WHAT I WAS GOING TO TYPE!
Beat me to it Wondercoin!
bob
<< <i>
<< <i>Hi All, thanks for the welcome and understanding. I wanted to break the ice, get our story out, and get some honest feedback on the website.
Its great to hear about other businesses in the industry with sons and daughters too.
We have already sold thousands of PCGS modern coins and are looking forward to offering more PCGS world coins... as well as expanding the modern coin market in general, competition aside.
What kind of PCGS graded world coins do you think will be the most in demand this year?
As for our prices, they reflect what we can retail coins for, as we also buy sell and trade in other retail avenues. Plus as a former coin grader and finalizer I hand select coins and make sure they meet my criteria to be on the website, so there is an extra added confidence when buying from our website.
- Ron >>
But why is the site called wholesale if you are retailing? >>
I guess "Mart" was already taken.
<< <i>
We have already sold thousands of PCGS modern coins and are looking forward to offering more PCGS world coins... as well as expanding the modern coin market in general, competition aside.
What kind of PCGS graded world coins do you think will be the most in demand this year?
- Ron >>
I don't know what will be most popular, but I am always looking for higher graded Sacagaweas and Presidentials, including those pesky edge errors. Of course you have some tough competetors in that area, but healthy competition is a good thing.
Oh by the way, as a former proffesional grader, I think you are not eligible to guess the grade in any of the "guess the grade posts". There is probably a rule covering that somewhere in the fine print.
<< <i>Oh by the way, as a former proffesional grader, I think you are not eligible to guess the grade in any of the "guess the grade posts". There is probably a rule covering that somewhere in the fine print.
Grading by photos is not the same as grading in-hand
Lower your prices or you will be written off by many here and elsewhere
Only display on website inventory in stock.
Best of luck to you.
Just a suggestion to cross check how many from PCGS Top 100 Moderns or NGC Top 50 Moderns do you have in stock?
Otherwise - Welcome
They are high-end retail, hardly wholesale.
I wish you good luck though.
First off, welcome to the forums, Ron!
Secondly, I don't/didn't view the original post as spam. First off, yes, he is calling out his business, but he is also giving a background AND using his name as his login. If he had listed a group of coins and said "go look at these", then I would agree it was spam. He didn't. I don't.
Third, yes, there is some valid criticism about the pricing/website/availability. However, other than "I hope you like our new website", did he ask for anyone to give him feedback or openly criticize him/his business? Why not take it to PMs, people? He doesn't have PMs on yet, but a simple request to do so and he may well do that. Or, why not do it in another thread?
I know there are many on here that like to point out faults with dealers. And, another group that likes to point out faults with collectors. Yet, why can't people hold off pointing out any faults when someone joins the forum and tries to say "hi"?
Not everyone has been so grumpy/mean in the thread, so I am certainly not pointing everybody out, but a few who should know who they are....well, why feel compelled to be negative so quickly?
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
<< <i>There's a lot of harshness around lately.
First off, welcome to the forums, Ron!
Secondly, I don't/didn't view the original post as spam. First off, yes, he is calling out his business, but he is also giving a background AND using his name as his login. If he had listed a group of coins and said "go look at these", then I would agree it was spam. He didn't. I don't.
Third, yes, there is some valid criticism about the pricing/website/availability. However, other than "I hope you like our new website", did he ask for anyone to give him feedback or openly criticize him/his business? Why not take it to PMs, people? He doesn't have PMs on yet, but a simple request to do so and he may well do that. Or, why not do it in another thread?
I know there are many on here that like to point out faults with dealers. And, another group that likes to point out faults with collectors. Yet, why can't people hold off pointing out any faults when someone joins the forum and tries to say "hi"?
Not everyone has been so grumpy/mean in the thread, so I am certainly not pointing everybody out, but a few who should know who they are....well, why feel compelled to be negative so quickly? >>
To be honest, I had seen some banner ads for MCW over the last several weeks, before the OP had posted here, and clicked on them. My initial impression, before knowing anything about anything or anyone, was that this was some knock-off of MCM, and a not very good one at that. The website was not well-organized, the prices were high (certainly not wholesale), and it had the feel of a cheap imitation. I moved on with the intention of never coming back. Then, the OP reintroduced himself, and I gave it another look, this time from my iPad, and the navigation on that was horrendous.
Oh, and BTW, the OP said this:
I wanted to break the ice, get our story out, and get some honest feedback on the website.
Well, I have given him some honest feedback, and perhaps he can now go back to the lab and make it better. I think it benefits collectors like myself to have strong, competitive dealers. I do not think that this outfit in its current carnation has the internet presence to compete with MCM, Gainesville, APMEX, etc., but that does not mean that the biz cannot improve and surpass them all in web design, service, advice, and value.
Let's face it. This forum represents a very small fraction of the coin collecting community, one that is very active, knowledgeable, and passionate about coins. In fact, I should charge the OP a consulting fee for providing the input that I already have, but I am a kind and generous person and give it away for free.
Thank You,
Ron Drzewucki
www.moderncoinwholesale.com
I believe you are selling 1 oz silver bars (not clear if they are a well known brand of bar or a no name brand) at $1.99 over spot and you claim here that is the "lowest price for a troy ounce of silver delivered in the United States".
But, even a cursory review of the net, shows, for example that Tulving.com sells brand name "New JM (Johnson-Matthey) 1 Oz .999 Silver Bars - Brand New Bars" @ $1.34 over spot and if you get up to 10 oz silver bars, the price drops to as little as 49 cents over spot for other bars or rounds.
On the other hand, some outfits will not sell a one oz. order ... i.e. a sub-$31 order of silver. I did not check if you will ship out just 1 oz. of silver for just under $31 without a shipping charge ... I assume that would not be the case and a single oz. would cost a buyer more than $1.99 over spot delivered. While Tulving for example offers free shipping, there are min. oz. orders over there.
Bottom line ... if I wanted (500) ozs. of silver right this minute, without any "shopping around", I can buy it for 49 cents over spot. That would be $750 less than your posted price (on slightly over a $15,000 total order if my math is right)... about 5% savings.
Wondercoin
<< <i>I think that we compete well selling silver at 1.99 over spot free shipping. I think that is the lowest price for a troy ounce of silver delivered in the United States. All of our products are free shipping. We feel that we are different from some of the other sites because we are trying to carry a big supply of PCGS coins. We have sold a lot of back date Silver Eagle Sets and look forward to expanding the PCGS offerings. We have a lot of happy customers and our eBay store went from 0 feedback to over 5000 in four months. We appreciate all the feedback. We will keep improving.
Thank You,
Ron Drzewucki >>
Right on your first page you advertise slabbed MS69 ASE's for spot + $14.99.
I know for a fact I can get these for a lot less, although the free shipping is definitely a plus.
Like I said before, I visited your site and found your prices to be retail, not wholesale - and high retail at that.
Since I mostly collect Canadian coins, AGE $5 and ATB pucks, I doubt we will be doing any business together.
<< <i>There's a lot of harshness around lately.
... Yet, why can't people hold off pointing out any faults when someone joins the forum and tries to say "hi"?
>>
That's rich, coming from you, really rich!
Thank you,
Ron Drzewcki
www.moderncoinwholesale.com
Well done
Wondercoin
<< <i>Welcome and good luck Ron.
It's good for all of us to have someone with your extensive knowledge and coin background continue to be involved in the market.
I'm sure that Modern Coin Wholesale will be a huge success. >>
+1
Ron's been a pain in the butt to other dealers for quite a while.
He's very knowledgeable in more areas than I could mention. I can only guess at how many billions of dollars of coins he graded at NGC.
I find it repugnant that his pricing on any speciific item is being discussed here. If I were him I'd not dignify any such comments with a response.
I know nothing about the pricing of Moderns or bullion. Whatever his pricing paradigm, he's been around long enough to adjust it to "what the market will bear". In both directions.
Best part of his first post on this thread: family involvement. Not just parenting, but mentoring. I get the same good feeling from wondercoin's posts relating to the same subject.
Jeez, folks, all he was doing was saying "hello"
<< <i>
Ron's been a pain in the butt to other dealers for quite a while.
He's very knowledgeable in more areas than I could mention. I can only guess at how many billions of dollars of coins he graded at NGC.
I find it repugnant that his pricing on any speciific item is being discussed here. If I were him I'd not dignify any such comments with a response.
I know nothing about the pricing of Moderns or bullion. Whatever his pricing paradigm, he's been around long enough to adjust it to "what the market will bear". In both directions.
Best part of his first post on this thread: family involvement. Not just parenting, but mentoring. I get the same good feeling from wondercoin's posts relating to the same subject.
Jeez, folks, all he was doing was saying "hello" >>
And plenty are genuinely saying hi back, too. There seem to be some valid questions raised about Retail+ pricing on a site using the name Wholesale....a fair critique, no? Likely a response that would be given to any member...new or old.
<< <i>
<< <i>
Ron's been a pain in the butt to other dealers for quite a while.
He's very knowledgeable in more areas than I could mention. I can only guess at how many billions of dollars of coins he graded at NGC.
I find it repugnant that his pricing on any speciific item is being discussed here. If I were him I'd not dignify any such comments with a response.
I know nothing about the pricing of Moderns or bullion. Whatever his pricing paradigm, he's been around long enough to adjust it to "what the market will bear". In both directions.
Best part of his first post on this thread: family involvement. Not just parenting, but mentoring. I get the same good feeling from wondercoin's posts relating to the same subject.
Jeez, folks, all he was doing was saying "hello" >>
And plenty are genuinely saying hi back, too. There seem to be some valid questions raised about Retail+ pricing on a site using the name Wholesale....a fair critique, no? Likely a response that would be given to any member...new or old. >>
I completely agree. If the company were called, Modern Coin Marketplace, the issue would never have been raised. Calling it Modern Coin Wholesaler changes the expectations. It gets the potential buyer to think price, first. It makes me think that there will be wholesale pricing. In this case, I do not think that the name is suitable for the retailer.
The OP directly asked on the second page get some honest feedback on the website
I think most people did provide the honest feedback he asked for ....