{Category Archives} Coin Dealers
Coin market includes sight-seen, sight-unseen segments - Coin World
Jul 21 at 10:10pm
Trying to explain what sight-seen and sight-unseen bidding are is at once easy and confusing. “Sight-seen” and “sight-unseen” bidding are terms describing ways that dealers can buy and sell coins through dealer-to-dealer networks. But, it turns out, it’s much more complicated than that.
At the basic level, someone buying a coin “sight seen” has the option, once they’ve seen the coin, to buy it at a price already established between buyer and seller for a coin from a specific grading service and in a specific grade, or they can reject the purchase.
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A passion for coins comes full circle - SILive.com
Jul 20 at 10:10pm
Like many coin collectors, Dan Davis began his hobby picking up pennies from the street, seat cushions and spare change jars at home when he was 10.
Davis cashed in on his first investment when he, as a young bank clerk in 1963, sold a silver dollar he came across in the bank for $50 — a handsome profit for someone whose weekly salary at the time was but $70.
Read entire article: A passion for coins comes full circle - SILive.com
Filed in: Coin Collector Education, Coin Dealers, Uncategorized
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Coins, bullion appeal to investors as stocks sink - Las Vegas Business Press
Jul 8 at 10:10pm
As investors watch their 401(k)s continue to vaporize with every stock-market drop, many are rethinking their investment strategies. Volatile stocks and low-yield bank accounts are even giving way to coin collections and stockpiles of gold and silver in some cases.
Strategies are ranging from the “safe” — federally insured bank accounts — to the unorthodox — such as switching out the retirement fund for bullion, local bankers and coin dealers say.
Entire article: Coins, bullion appeal to investors as stocks sink - Las Vegas Business Press
Filed in: Coin Dealers, Uncategorized
Hobby leads to coin career - 2theadvocate.com
Jun 30 at 4:04pm
A handful of coins gave Louis Pizzolatto a history lesson, a hobby and his livelihood. Soon after Pizzolatto received a group of coins from his grandparents when he was a child, he started studying the stories behind the coins.
“I like the history part of it,” he said. “That is what got me into it. I went back and did the research. My collecting interest developed from there.”
Pizzolatto’s introduction to coin shops came “in the late ’60s or early ’70s.” He went with his mom to Dorman’s Camera Shop in the Oil Center.
Entire article: Hobby leads to coin career - 2theadvocate.com
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Patrick Heller’s collecting venture pays off as Lansing’s Liberty Coin Service takes off - LSJ.com
Jun 16 at 10:10pm
At Liberty Coin Service, the jingle of change lately has meant more than collections and keepsakes. It’s meant growth and expansion.
The Lansing shop, specializing in rare coins and precious metals, has already topped its 2007 sales and owner Patrick Heller has opened a second location in the Frandor Shopping Center. Increasing gold and silver values coupled with the popularity of quarters commemorating…
Entire article: Patrick Heller’s collecting venture pays off as Lansing’s Liberty Coin Service takes off - LSJ.com
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Collectors Finance Corp. Offers Increased Loans
Jun 6 at 11:11am
Collectors Finance Corporation (CFC) has increased its loan-to-value rates to offer collectors and dealers additional cash for loans on PCGS-certified coins held as collateral.
“We’re now lending 75 percent of the value of PCGS-graded generic gold and vintage coins; 65 percent on certified modern coins; and 80 percent of metal value on certified bullion coins,” said Mike Lewis, President of CFC, a division of Collectors Universe, Inc. (NASDAQ: CLCT).
Entire release: Collectors Finance Corp. Offers Increased Loans
Filed in: Coin Dealers, Coin Press Releases, CoinNews
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How Are Record High Gold Prices Affecting Coin Dealers’ Business? - NumisMaster
Jun 3 at 1:01pm
Rising gold prices has been very profitable for coin dealers, especially those who deal in bullion-priced products as well as collector coins. When gold surpassed its 1980 high of $850 at the beginning of 2008, activity soared. As the rose to more than $1,000 in mid-March, volume rose even more.
Entire article: How Are Record High Gold Prices Affecting Coin Dealers’ Business? - NumisMaster
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Numismatic News Launches Online Business Directory - NumisMaster
May 30 at 3:03pm
Numismatic News, the complete information source for Coin Collectors, has announced the launch of an online Business Directory.
Available at http://directory.numismaticnews.net, the directory is a valuable resource for anyone interested in the collection and sale of coins.
Entire article: Numismatic News Launches Online Business Directory - NumisMaster
Filed in: Coin Dealers, NumisMaster
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Viewpoint: Dealers Can’t Forget Average Collector - NumisMaster
May 23 at 2:02pm
In 1999, I attended the Central States Show in Milwaukee with my husband. It was my first coin show, and I was not impressed.
I remember seeing cases and cases of silver dollars. Silver dollars are beautiful coins so the first few cases were impressive, but after a few tables, I found the displays monotonous. I remember the people behind the table as being at best unfriendly and unreceptive to questions, and at worst downright rude.
Entire article: Viewpoint: Dealers Can’t Forget Average Collector - NumisMaster
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ICTA helps thwart proposal for CFTC regulation of coin dealers - CoinNews
May 15 at 10:10am
ICTA recently helped defeat an 11th hour proposal that would have put precious metals dealers under the jurisdiction of the CFTC which may also have led to federal licensing and further regulation of the industry.
In late April, during Senate consideration of the 2008 farm bill (HR 2419), a section was added to reauthorize the Commodity Futures Trading Commission (CFTC) and amend the Commodity Exchange Act (CEA).
The House Agriculture Committee marked up similar legislation, so the two CFTC bills were both being considered by the joint Senate/House Conference Committee that would recommend the final bill.
Entire article: ICTA Helps Thwart Proposal for CFTC Regulation of Coin Dealers - CoinNews
Filed in: Coin Dealers, Coin Press Releases, ICTA
Article Tags: Coin Dealers, CoinNews, ICTA.