COIN DEALERS PUTTING OLD COINS ON THE STREET I THINK IT WORKS :-}
I HAVE BEEN THINKING ABOUT THIS FOR A LONG TIME DO YOU COIN NETWORK PEOPLE THINK THAT WHEN A DEALER PUT OLD COINS OUT ON THE STREET DOES IT MAKE PEOPLE LOOK AT COINS AND BUY COINS I KNOW WHEN YOU HERE ABOUT THIS HAPPEN I GET PEOPLE ASKING ME ABOUT COINS AND HOW TO TAKE CARE OF THEM BUT DOES THIS BRING NEW PEOPLE IN AND GET THEM TO BUY MORE COINS IS IT JUST THAT PEOPLE THINKING THAT THEY WILL MAKE EASY MONEY GREED IS A WAY TO MAKE PEOPLE DO THINGS SO MAYBE IT WILL OPEN UP THE DOOR FOR MORE PEOPLE TO JOIN A HOBBY THAT WE LOVE
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Permalink Reply by Martin on -
Do you really think dealers maliciously release old coins into circulation with the intent of increasing the traffic into their own personal stores? I wasn't aware of that, but I dont think thats a bad thing. Im not sure how they can guarantee that the buyers will target their own facility however.
Im not a dealer, but I personally keep them and the older ones that are not worth too much over face value, I give them to new collectors. (From what Im seeing I think dealers put them into their bargain bins.) Anything worth a few bucks I still got them and Im still trying to make a decision if I should make the time and sell them on ebay, or take way less than their trend value and sell them to a dealer. With the fees on ebay both alternatives will probably work out to be the same anyway.
I remember how I became a new collector. I had approx. 4 years worth of loose change I threw into a huge glass jug that one uses to make home made wine. Then once when I couldn't move it any more, I decided to roll er all up, and take it to the bank. During the sorting stage I discovered all the various years, varieties, mint marks etc, and decided why not keep an example of each. I bought the collecting albums, 2 x 2's and other reference books to teach myself the hobby.
During the ongoing sorting I 'upgraded' and kept the best example. My collection then grew from the newest coins to the oldest. It took me approx a year to get though it all, and from what I remember I cashed in approx 1200 bucks
In closing for me it wasnt the fact that I stumbled across some older coins during the sorting, it was the fact I had alot of the varieites and years already at hand that got me hooked. That and the thrill of the hunt with what I had was the captivating thing..
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