Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > PM Bug

Like Tree1Likes
  • 1 Post By dontdeBasemebro

Reply
 
LinkBack Thread Tools
Old 11-19-2011, 05:39 PM   #1
Moderator
 
Join Date: Oct 2011
Posts: 494
Liked: 280 times
Question coin shows

So what do you guys think about coin shows?

Are they a decent place to get bullion, 90%, and etc.?

Is the exposure to being ripped off (fakes) worse at a show, or should it be okay as long as you stick with dealers?

I'm not into numismatics, so that aspect of the shows doesn't matter to me.
dontdeBasemebro is offline   Reply With Quote
Old 11-19-2011, 08:43 PM   #2
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,027
Liked: 2449 times
I have no experience with a coin show, but if they are anything like guns shows that I've attended, you are better off shopping at your local coin shop or discount online dealer if you are looking for common items (like non-numismatic bullion).
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 11-20-2011, 07:30 PM   #3
Moderator
 
Join Date: Oct 2011
Posts: 494
Liked: 280 times
Yeah, that was the concern I've had. I know one guy who plans to go to the next show since he is a numismatist and is looking for a few very specific items, but I'm just interested in stacking.
dontdeBasemebro is offline   Reply With Quote
Old 11-21-2011, 01:16 PM   #4
PM Bug Supporter
 
DoChenRollingBearing's Avatar
 
Join Date: Oct 2011
Location: SE USA
Posts: 1,275
Liked: 691 times
Coin shows might be a great place to SELL, you could get rid of a lot of PMs without leaving a paper trail...

That is, if you ever want to sell... Which I do not.
DoChenRollingBearing is offline   Reply With Quote
Old 11-21-2011, 08:06 PM   #5
Moderator
 
Join Date: Oct 2011
Posts: 494
Liked: 280 times
Great point, the thought of selling never really crossed my mind. But if the need arises...
dontdeBasemebro is offline   Reply With Quote
Old 12-06-2011, 09:03 AM   #6
Moderator
 
Join Date: Oct 2011
Posts: 494
Liked: 280 times
It turns out that the coin show is NOT like the gun show.

Got some 90% for about .20 below spot.

World silver at melt (going for twice or more on ebay).

Low premiums on regular bullion, even some Mexican fractional gold at spot.

It seemed that the show was mostly focused on numismatics and that bullion was an afterthought that people were trying to get rid of rather than haul back home.

Even without all the deals, the 3 fiat entrance fee was worth it just to see all that good stuff in one place.
PMBug likes this.
dontdeBasemebro is offline   Reply With Quote
Old 12-06-2011, 09:11 AM   #7
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
AShhhhhh!

This is a well kept open secret.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 12-06-2011, 09:11 AM   #8
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,027
Liked: 2449 times
Thanks for the feedback. I might have to check out the next one that rolls into town.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 12-06-2011, 09:20 AM   #9
Moderator
 
Join Date: Oct 2011
Posts: 1,059
Liked: 459 times
FYI.. Gold shows are usually where counterfeit product is passed along. Seeing "discounted" prices usually gets people to overlook the potential of fraud.
DSAbug is offline   Reply With Quote
Old 12-06-2011, 09:27 AM   #10
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
That's where my firm's XRF comes in handy. I have scared the shit out of a couple of vendors at our local gun show. One of them immediately packed up and left.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 12-06-2011, 09:43 AM   #11
Moderator
 
Join Date: Oct 2011
Posts: 1,059
Liked: 459 times
Xrf???
DSAbug is offline   Reply With Quote
Old 12-06-2011, 09:56 AM   #12
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,027
Liked: 2449 times
XRF = X-ray fluroscopy
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 04:31 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.