LostDutchman Posted October 6, 2005 Report Share Posted October 6, 2005 do you have a question for me??? ask anything you want about coins, the business, whatever! I will answer the best I can!! Just Glad to help guys! Link to comment Share on other sites More sharing options...
Dockwalliper Posted October 6, 2005 Report Share Posted October 6, 2005 Did my askin in the Asylum. I guess I'll have to ask silly questions there and serious stuff here from now on. Thanks LD Link to comment Share on other sites More sharing options...
Burks Posted October 7, 2005 Report Share Posted October 7, 2005 The old coin shop I used to visit had very large bins full of 50% off U.S. and world coins. There had to be at least 3000+ coins per bin, all in 2x2's. #1. How the heck do you aquire that many coins and afford to sell them at 50% off? #2. What is the average price YOU pay for 2x2's? #3. Do you have inside sources for large coin auctions? Sales normal people cannot attend. After this weekend I'll have quite a few more Link to comment Share on other sites More sharing options...
LostDutchman Posted October 7, 2005 Author Report Share Posted October 7, 2005 #1. If you look closely those coins either have problems or are marked up before being put in the %50 off box #2 I'll have to check on that... #3 Not really, coin auctions at major coin shows such as the Heritige and so on....get a subscription if you don't already to Coin World Mag...they are usualy advertised...local auctions can have nice stuff...but bring some money...the cheap coins go for a lot and the expensive coins most people can afford especay at cash auctions you can get high dollar coins cheaper this way Link to comment Share on other sites More sharing options...
Burks Posted October 7, 2005 Report Share Posted October 7, 2005 Response to #1. I've bought some that are in excellent condition. Maybe they had an over stock of them and just couldn't sell. Not sure but they were from mint sets. Maybe dealers do it differently? Not sure. Thanks for the answers! Link to comment Share on other sites More sharing options...
Guest Stujoe Posted October 7, 2005 Report Share Posted October 7, 2005 How often do you get people coming in with 1943 Lincolns thinking they are about to get a world cruise? Link to comment Share on other sites More sharing options...
LostDutchman Posted October 7, 2005 Author Report Share Posted October 7, 2005 Response to #1. I've bought some that are in excellent condition. Maybe they had an over stock of them and just couldn't sell. Not sure but they were from mint sets. Maybe dealers do it differently? Not sure. Thanks for the answers! If a mint set or proof set comes without the original envelope it looses a lot of value to the wholesalers....that might explain it....cut it up and sell as singles rather than take the hit on the set...I have done that before Link to comment Share on other sites More sharing options...
LostDutchman Posted October 7, 2005 Author Report Share Posted October 7, 2005 How often do you get people coming in with 1943 Lincolns thinking they are about to get a world cruise? More then you think....I have been yelled at before on the phone because this person who has an entire roll of them thinks they just got a house.....and I have to break the news to them that they made 1/2 a billion of them and everyone hung onto them because they were different and they are very common.... I get lots of people who think that because it is old it has to be worth a lot of money....but common date silver dollars (even from the 1880's) in VF and below condition are only worth a little less then the price of silver...I get hung up on like 20 times a week.....but there isn't anything you can do but be polite and explain things the best you can. Link to comment Share on other sites More sharing options...
Guest Stujoe Posted October 7, 2005 Report Share Posted October 7, 2005 I can imagine some of the people who get upset. I've had that just as a collector when somoene asks me something. It has to be much worse as a dealer. On the flip side...what's the best coin that has ever just walked in the door out of the blue that really surprised you? Link to comment Share on other sites More sharing options...
LostDutchman Posted October 7, 2005 Author Report Share Posted October 7, 2005 On the flip side...what's the best coin that has ever just walked in the door out of the blue that really surprised you? http://www.omnicoin.com/coin_view.aspx?id=902508 This just came in last week and I just learned today that it graded NGC MS64 This coin in the bluesheet is around $15,000-$16,000 Link to comment Share on other sites More sharing options...
Guest Stujoe Posted October 7, 2005 Report Share Posted October 7, 2005 Nice! Link to comment Share on other sites More sharing options...
daggit Posted October 7, 2005 Report Share Posted October 7, 2005 OOOHHHH! Link to comment Share on other sites More sharing options...
Burks Posted October 7, 2005 Report Share Posted October 7, 2005 What would you consider to be the best "deal" you've ever had? Include deals with customers, flea markets, auctions, or whatever else. Funniest moment as a dealer? Link to comment Share on other sites More sharing options...
LostDutchman Posted October 7, 2005 Author Report Share Posted October 7, 2005 well I have bought some pretty cool stuff at coin shows cherrypicking vams and stuff.....but nothing really sticks out.... Haven't had too many funny moments... I did knock my cash regiester off the counter the other day on my foot change and cash went everywhere and my customers started laughing at me..but this is kind of a serious business....it is very stressful but it is a lot of fun... I wear a gun and have several around the shop...but you almost have to do that in an open door shop Link to comment Share on other sites More sharing options...
daggit Posted October 7, 2005 Report Share Posted October 7, 2005 Do you know anything about casino tokens, just curious about which year they issued the one I posted. Don't know anything about them being from Canada. Link to comment Share on other sites More sharing options...
LostDutchman Posted October 7, 2005 Author Report Share Posted October 7, 2005 check your thread Link to comment Share on other sites More sharing options...
daggit Posted October 7, 2005 Report Share Posted October 7, 2005 check your thread Thank you. Link to comment Share on other sites More sharing options...
jtryka Posted October 7, 2005 Report Share Posted October 7, 2005 Will you have a table at the upcoming indy show? How are you taxed by the government, is this considered like any other retail establishment (i.e. instead of selling shoes you sell coins)? How often to you see counterfeit coins or notes? Do you have any obligations to know the customers/make sure the items you buy are not stolen like pawn shops are supposed to do? Link to comment Share on other sites More sharing options...
LostDutchman Posted October 7, 2005 Author Report Share Posted October 7, 2005 Will you have a table at the upcoming indy show?How are you taxed by the government, is this considered like any other retail establishment (i.e. instead of selling shoes you sell coins)? How often to you see counterfeit coins or notes? Do you have any obligations to know the customers/make sure the items you buy are not stolen like pawn shops are supposed to do? #1 Yes I should be there sharing a table with a friend of mine...If not at a table I will be walking around all the days #2 This is considered retail and the same taxes appily...I don't charge tax to the customers...I pay it out of the money we make. #3 Quite often...I have an entire box of them, I use them as a teaching tool. #4 I am not forced to by law but I do scan their ID's and keep them on record. Link to comment Share on other sites More sharing options...
jtryka Posted October 7, 2005 Report Share Posted October 7, 2005 What is the most interesting lot of items that has come into your shop (even if you didn't end up purchasing them)? What is the most elaborate post-mint alteration you've seen on a coin? Link to comment Share on other sites More sharing options...
LostDutchman Posted October 7, 2005 Author Report Share Posted October 7, 2005 What is the most interesting lot of items that has come into your shop (even if you didn't end up purchasing them)?What is the most elaborate post-mint alteration you've seen on a coin? #1 It was a lot of military stuff that included an Civil war pistol and other stuff #2 You see a lot of them...you see 1877 Indian heads that have been altered from 1871's you really have to know your die markers if you are going to buy these coins... Link to comment Share on other sites More sharing options...
jtryka Posted October 7, 2005 Report Share Posted October 7, 2005 My answer for #2 is a 1982 half dollar that had the rim filed to make it smaller, but was filed down with the exact number of reeds according to specifications. Either it was a bored machinist, or someone who wanted to create an "error" coin. Link to comment Share on other sites More sharing options...
LostDutchman Posted October 7, 2005 Author Report Share Posted October 7, 2005 I do see a lot of weird stuff Link to comment Share on other sites More sharing options...
Blackhawk Posted October 7, 2005 Report Share Posted October 7, 2005 Did you ever wear womens undergarments? Link to comment Share on other sites More sharing options...
LostDutchman Posted October 7, 2005 Author Report Share Posted October 7, 2005 ummm no what kind of question was that??? you have problems Link to comment Share on other sites More sharing options...
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