The Exchange : Bourse Etiquette: Tips for your first coin show

Bourse Etiquette: Tips for your first coin show

The first time I ever walked into a coin show was my first day of work for the ANA. That's right, I got my start with the ANA in Chicago at the World's Fair of Money in 2011. My first day of work was literally to get on a plane to Chicago, find the convention center, and get ready for the biggest show in numismatics. 

 

No pressure there or anything. 

 

Walking into your first coin show can be overwhelming, as I learned first hand. So, for those collectors who are attending an ANA show for the first time, I've rounded up some tips that were previously published in The Numismatist to share here at The Exchange.

 

Your First Coin Show

With hundreds of dealers, countless coins and lots of great edu­cational programs, the ANA World's Fair of MoneySM can be overwhelming, ­especially if it's your first. However, if you follow my advice, you won't miss the best parts 
of the convention.
If you are here to buy or sell coins or paper money, you can feel secure about ­doing business with any dealer who has a table at the show. As ANA members, they are required to abide by a strict code of ethics, and most are happy to answer your questions. Write down the table number if you find something you like-it's easy to forget where you saw it!
Be sure to see the Museum Show­case, which features selected specimens from the ANA's Edward C. Rochette Money Museum and private collections.
Then pay a visit to the Collector ­Ex­hibits, where hobbyists display their collections and compete for "Best of Show" honors. While there, don't forget to cast your vote for the "People's Choice Award."
If you like seeing several million dollars, how about a billion? Check out the U.S. Bureau of Engraving and Printing and its "Billion Dollar Display." And don't miss the U.S. Mint area, where you can find out about its latest issues..
Children under age 18 can play a free game called Treasure Trivia. Youngsters ­obtain answers to numismatic questions from dealers on the convention floor, and receive gifts and prizes along the way. The ANA Kids Zone ­offers fun, free activities and games that ­allow young show visitors to learn about money and take home something to start theirown collections.
There are tons of other fun ­activities and learning opportunities, such as free Money Talks pre­s­entations, Scout workshops and the "Coin Collecting Basics" program. Many meetings of hobby groups are open to the public 
as well.
If you have any questions or want to learn more about numismatics in general, stop by the ANA Area.
-Jeff Swindling

Bourse Etiquette

Coin shows offer a wonderful opportunity to meet people and learn about the hobby. Many dealers are happy to answer your questions, but remember, this is their livelihood, not a social event. When interacting with numis­matic professionals at a show, keep in mind the following advice:
  • Don't interrupt a dealer and customer who are talking or in the middle of a transaction.
  • Don't ask to see the coins being discussed or inquire about their prices.
  • Do return to the dealer's table when he or she has concluded the transaction.
  • Don't block customer ­access to a dealer's table.
  • Do spend some time learning ­before you buy.
  • Don't search a dealer's entire ­inventory for the best pieces, then expect him to sell you the coins at wholesale prices.
  • Do allow the dealer to make a reasonable profit.
  • Don't try to negotiate when the price is fair. Ask for a discount only if you truly believe a piece is overpriced.
  • Do ask permission to show a coin to another collector or dealer for a ­second opinion.
  • Don't buy a coin on the first day of the show, then try to return it on the last day because you found something else.

 

Written by Jake Sherlock at 00:00

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