I thanked Doug Winter for his knowledge on the New Orleans gold eagles. They are expensive but at least you know that you're getting a great coin buying from Doug. I have a great experience buying coins from Doug.
Definitely agree. It took me a few years to learn which coin dealers are those you can put your trust in, and can rely on their expertise. Those who are just in the business to put food on the table are not your best choice to put your trust in. They're ok just for 'coin collecting' but not to really understand the coin world.
I have never observed this before, so this is a first time but I have to say as good as the answers were the questions were even better! thanks for doing this!
I think I fit the bill for the guy y’all are talking crap about. Kind of just decided I wanted to start a gold coin type set and have been buying From auction and internet site unseen. I have not been spending 3-5 grand for each coin tho that’s a little rediculous especially for samples of the smaller denominations for a type set. I was going to just buy some more gold bullion but I saw on apmex a 20$ gold eagle was like 30$ over spot so I decided to get that instead and from there I wanted to make a whole type set.
yeh...look...I respect the opinions and experience, but the least expensive coin in his inventory is $2,250. Is this really how the "coin market" works? Or the "experienced/sophisticated" market? Is this approach going to grow the hobby? What other industry expert in any other industry would advocate "not taking their finest products" to the country's largest trade shows? I suggest at least a title change to the podcast to "How the Sophisticated Coin Market Works"
Doug is a leading dealer in gold coins. Gold, by just the sake of being gold, is going to cost a couple thousand dollars. If you are in the segment of the market that trades in either gold coins of the classic type or expensive rare coins, what Doug is saying is spot on. If this is not your segment of the market, there is still information that can help you in whatever area you find is your collecting pursuit. If I was building a collection of tokens or medals, I'd want to work with a dealer that is strong in that area for the same reasons that Doug spells out - they have a network of buyers and sellers, they are familiar with the product, they know what a good material looks like... As for not bringing the best material to the market, I bring this up specifically to let collectors know how many dealers operate. Now that you have that information, take a look at cases the next time you go to a show. Again, we are thankful that Doug offered to be so candid and honest and we strive to bring you great information that helps you.
coinweek thanks Charles. Yes I have a mentor/dealer and agree on that point. Thanks for the interview. You are frequently pursuing the question of how to grow the hobby in many of your podcasts. My mentor is incredibly enthusiastic and excitedly displays important “sophisticated” coins at shows. He also offers many gateway collector coins to help newbies gain entry. I just like to see all dealers provide a gateway into the hobby. Somewhat of a “shared burden”. Thanks again for being the most enthusiastic numismatic voice.
thank you so much. We are going to double dip this week on the Podcast by the way. An hour long episode that I can't spoil is coming ... maybe tomorrow. Stay tuned!
Classic podcast,errlavant today 3,years later,thx guys!
I thanked Doug Winter for his knowledge on the New Orleans gold eagles. They are expensive but at least you know that you're getting a great coin buying from Doug. I have a great experience buying coins from Doug.
Very interesting and informative. Subscribed, I look forward to learning more.
This was excellent!
Definitely agree. It took me a few years to learn which coin dealers are those you can put your trust in, and can rely on their expertise. Those who are just in the business to put food on the table are not your best choice to put your trust in. They're ok just for 'coin collecting' but not to really understand the coin world.
I have never observed this before, so this is a first time but I have to say as good as the answers were the questions were even better! thanks for doing this!
Very interesting video. Wonder how the market has been during the pandemic. People can't go to shows and I'm not sure if people are buying otherwise.
Very interesting post here.
I think I fit the bill for the guy y’all are talking crap about. Kind of just decided I wanted to start a gold coin type set and have been buying From auction and internet site unseen. I have not been spending 3-5 grand for each coin tho that’s a little rediculous especially for samples of the smaller denominations for a type set. I was going to just buy some more gold bullion but I saw on apmex a 20$ gold eagle was like 30$ over spot so I decided to get that instead and from there I wanted to make a whole type set.
Will share.
"where there's not people around letting them know I'm ripping them off, and how bad of a deal they are getting."
Why in the world would a stock market correction help the coin market?
When markets are up people have more disposable income to spend on hobbies like coin collecting.
yeh...look...I respect the opinions and experience, but the least expensive coin in his inventory is $2,250. Is this really how the "coin market" works? Or the "experienced/sophisticated" market? Is this approach going to grow the hobby? What other industry expert in any other industry would advocate "not taking their finest products" to the country's largest trade shows? I suggest at least a title change to the podcast to "How the Sophisticated Coin Market Works"
Doug is a leading dealer in gold coins. Gold, by just the sake of being gold, is going to cost a couple thousand dollars. If you are in the segment of the market that trades in either gold coins of the classic type or expensive rare coins, what Doug is saying is spot on. If this is not your segment of the market, there is still information that can help you in whatever area you find is your collecting pursuit. If I was building a collection of tokens or medals, I'd want to work with a dealer that is strong in that area for the same reasons that Doug spells out - they have a network of buyers and sellers, they are familiar with the product, they know what a good material looks like... As for not bringing the best material to the market, I bring this up specifically to let collectors know how many dealers operate. Now that you have that information, take a look at cases the next time you go to a show. Again, we are thankful that Doug offered to be so candid and honest and we strive to bring you great information that helps you.
coinweek thanks Charles. Yes I have a mentor/dealer and agree on that point. Thanks for the interview. You are frequently pursuing the question of how to grow the hobby in many of your podcasts. My mentor is incredibly enthusiastic and excitedly displays important “sophisticated” coins at shows. He also offers many gateway collector coins to help newbies gain entry. I just like to see all dealers provide a gateway into the hobby. Somewhat of a “shared burden”. Thanks again for being the most enthusiastic numismatic voice.
thank you so much. We are going to double dip this week on the Podcast by the way. An hour long episode that I can't spoil is coming ... maybe tomorrow. Stay tuned!