OK.
I have only been a member on 2 coin sites and most of the Members seem to shun coin Dealers.
In reality Most of us ARE in fact dealers, Maybe we sell on eBay, Sell to a B&M shop, Sell through Facebook or any other site or avenue even if it is only the odd coin.
Even if we swap coins we are STILL trading in them :ok:
I simply cannot understand why collectors seem to think it isn't "Kosher" to sell coins when in a vast majority of the cases it is the only way that a collector can get the coins required.
As long as the dealing is done honestly and with conscience I have NO problem at all .
We have to remember though that most of us sell as part of our hobby and NOT as a way to earn a living, So please make sure that we support the people that have the guts to have a B&T shop whenever we can because our "Amateur" attempts at being a coin dealer IS slowly taking the food off the B&T dealers tables.
I seem to think that most of us are of the opinion that the Coin Shops are making "Squillions" when in fact I think that it is far from the case and most of them operate because they love what they do and could make a far better living working for someone else.
End of rant :angel:
I don't quite get this trout
I always buy from dealers & half the forum or more here does
so where on earth is this drama coming from?
according to the ANDA - see below
most of us don't fit that category ... or do we??
http://www.anda.com.au/about.asp
"Membership is open to both individuals and companies, subject to compliance with the Association rules. Briefly membership is confined to those whose sole or main occupation is trading in collectables or related materials primarily related to Numismatics. New applicants must have been trading full time for at least twelve months or two years part-time before they can join. Membership and other inquiries should be directed to the Executive Officer"
Quoteso where on earth is this drama coming from?
NO drama whatsoever RG just pointing out that most of us DO deal in one way or another (Vest pocket dealers) whatever.
Nothing wrong with it as long as it is done with Honor :heart:
How important is it to only buy from a dealer who is a member of ANDA?
I mean of course, if you go into a shop. Not ebay.
Quote from: 'kchan1111' pid='52287' dateline='1402575083'How important is it to only buy from a dealer who is a member of ANDA?
Not very
I am myself what I consider to be a coin collector and a small time dealer.
I collect/purchase the coins when issued and put them into albums etc as most of us do.
I try and buy some INVESTMENT coins, ie. 1930 (2) pennies, 23 halfpennies (3), 21/22 overprint 3d (2) etc to try and sell to improve my wealth a little later down the track if need be.
I will chase gold and silver coins if I can get tem pretty well at issue/face value. (To date, I have managed to secure 6 x $200 gold coins at face value from the banks).
Yes, I do sell coins on Ebay and to several people I know personally.
I make a little profit but not to the extent where I can buy another house or something like that. I sell because I have many of the same type of coin. IE: 2001 COF Upset, I did have 480 odd now I am down to approx. 330. Some were sold to give me spending money for out now recently cancelled world cruise voyage.
Never mind, I shall just plod along and eventually will dispose of my coin collection if and when I need funds to survive.
If the above makes me a dealer, then I am a dealer but who cares?
Well done Goldie . Nice to see some of us are successful :good:
Hello,
Who has ever sold a Car ? If so are you a Car dealer ? I know this is splitting hairs a bit, but in my view a Dealer sells things to make a profit. ( a source of income ) A hobbyist sells things to buy more and cover costs. A profit is secondary here. Many " dealers " are people trying to sell anything to make money. There was a shop a friends son worked at, he sold all sorts of things, and got sewing stuff in. Apparently he had a thing for girls. Not the sort of person I would buy anything from. ( he also told so much crap he cleaned his teeth with toilet paper ) The bigger ones will be in a City location where rent will also mean they have to charge more. Not everyone knows of or uses Ebay, so a shop may be the only place. If you buy from a reputable shop, not much chance of being swindled with a fake. Especially if they are a member of a dealers group.
Regards Chris
I'm another hobby collector and even my accountant accused me of running a business until he did the figures and declared that it can't be a business if I'm losing that much money every year as I dont think a business is supposed to lose money for more than a couple of years in a row.My losses are mostly due to the amount of purchases I make in a year and the fact that many of the coins I sell lose money as I'm just trying to offload the stuff I don't want any more
it don't matter if you buy or sell coins it is part of coin collecting as long as you have fun and it gives you something to do. that why its my hobby, and part of that is educating yourself on what and how to collect, the price of coins, when to buy and sell, and most importantly setting yourself budgets, that is life
The internet has probably had a substantial affect on shop front dealers, but having said that, we know they are using this medium as well. I think those guys / gals would have had it pretty good in the years before the internet though. I just collect, too much emotional attachment at the moment. Hell, the only thing I ever sold was a house, even then I wanted to keep it considering the amount of toil and memories involved.
Here's a question, if when viewing a dealers offerings a collector spies something that is a steal, something that the dealer has overlooked or simply lacked knowledge of, does the collector say nothing and grab the bargain? Or should they bring the oversight to the dealers attention? If the collector chooses the first option, does that make their action dishonourable?
Quote from: 'autocoupler' pid='52417' dateline='1402672901'does the collector say nothing and grab the bargain? Or should they bring the oversight to the dealers attention?
http://en.wikipedia.org/wiki/Cognitive_dissonance :angel:
"I'm not a crook!" Hmm, I seemed to have heard that before, but I grab the 'bargain'. I was in a pawn shop looking around and I saw a nice Civil War era (1861-1865) S L quarter in V F condition for $20. I knew that the retail value was around $40....it's mine now.
Hello,
There are a lot of Human " Vultures " that want to profit when someone has a " Firesale " and also many that have a fake closing sale with no discounts. I am happy to pay more than the asking price, if the person is OK ( and have underpriced the item ) . If it is someone dodgy who is happy / boastful about ripping People off then I will take pleasure in their loss.
Regards Chris
I found a 34 over date threepence from a dealer who didn't know what it was or what to look for, did not tell them it mine, knowledge is something that pays for itself
I sell coins, I trade coins & I buy coins.... definition of a dealer is "A person who buys and sells goods"... therfore I consider myself to be a dealer... However I am a dealer who runs at a loss ... I lose money with my coin dealing than what I gain... I don't think coin dealing will be my profession, but who knows....
Some of the well, known dealers in Australia are fully qualified IT , marketing or finance professionals turned coin dealers...they like it and they are good at it... so why not do it .....
:agreed:
Just read a little, and may have understood a little about Cognitive dissonance. I think I saw kids, ordinary people, politicians and.........ostriches :huh: :grin:
Quote from: 'ausproofs' pid='52445' dateline='1402710398'I sell coins, I trade coins & I buy coins.... definition of a dealer is "A person who buys and sells goods"... therfore I consider myself to be a dealer... However I am a dealer who runs at a loss ... I lose money with my coin dealing than what I gain... I don't think coin dealing will be my profession, but who knows....
Some of the well, known dealers in Australia are fully qualified IT , marketing or finance professionals turned coin dealers...they like it and they are good at it... so why not do it .....
(http://i1285.photobucket.com/albums/a585/auntyrobbs/george-burns-quote-2_zps667fd6c6.jpg)
QuoteI sell coins, I trade coins & I buy coins.... definition of a dealer is "A person who buys and sells goods"... therfore I consider myself to be a dealer
Me too, But like all punters I only remember the winners and rapidly forget all the loosing plays :angel:
Especially when you see something and think WOW that's a bargain, I could make a quid with that.
Then promptly decide "Bugger it it's too nice" and keep it for yourself.
This tends to happen a lot :angel:
Anyway Who cares , as long as you are doing what you enjoy :wavemulticolor:
Quote from: 'robbiegal' pid='52452' dateline='1402715432'Quote from: 'ausproofs' pid='52445' dateline='1402710398'I sell coins, I trade coins & I buy coins.... definition of a dealer is "A person who buys and sells goods"... therfore I consider myself to be a dealer... However I am a dealer who runs at a loss ... I lose money with my coin dealing than what I gain... I don't think coin dealing will be my profession, but who knows....
Some of the well, known dealers in Australia are fully qualified IT , marketing or finance professionals turned coin dealers...they like it and they are good at it... so why not do it .....
(http://i1285.photobucket.com/albums/a585/auntyrobbs/george-burns-quote-2_zps667fd6c6.jpg)
Love it :yahoo:
Quote from: 'trout' pid='52455' dateline='1402715944'QuoteI sell coins, I trade coins & I buy coins.... definition of a dealer is "A person who buys and sells goods"... therfore I consider myself to be a dealer
Me too, But like all punters I only remember the winners and rapidly forget all the loosing plays :angel:
Especially when you see something and think WOW that's a bargain, I could make a quid with that.
Then promptly decide "Bugger it it's too nice" and keep it for yourself.
This tends to happen a lot :angel:
Anyway Who cares , as long as you are doing what you enjoy :wavemulticolor:
Sounds very similar mate, I have 000's of coins fit that category... I also consider myself to be a hoarder aka collector ...
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