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- - Coin shop action (http://goldismoney.info/forums/showthread.php?t=280542)

wille | 07-07-2008 07:14 PM
Coin shop action Coin shops have more inventory when prices drop or are low. The public sheople think that when prices are high its time to buy, and when prices are low its time to sell cause IT is not worth a lot anymore. Right now across the US coin shops have low inventory in the brought-in product. So coin shops are ordering more from wholesale suppliers to meet demand and have inventory. If silver is $23.00 an ounce the public thinks silver is more valuable now so they buy. When silver is $16.00 the public thinks why buy a cheap product.

Iptuous | 07-07-2008 07:17 PM
Re: Coin shop action My coin shop doesn't stock (i.e. order) any bullion, but they buy and sell from customers. lately the silver buckets have been empty, and when i ask them about it, they say "oh yeah, it's still coming in. But it leaves just as quickly!"

wille | 07-07-2008 07:29 PM
Re: Coin shop action You hit the nail on the head Iptuous , WISE OBSERVATION, ITLL MAKE YOU $ TO BE AS AWARE, Just deals what comes in. Your dialed in.I think we need to stay on top of this so when we have $120.00 silver we can make the moves smoothly. I like a Plan. I went in last week and all he had was $200 face of quarters and dimes. and a few morgans and peace--- I railed on him and said I bought my azz off here I want the goods!!! Your holding out on me Old fiend!! He said Will I DONT HAVE IT-- I said You SOB-- then we laughed. Im holding his azz to the fire, IF HE HAS IT i WANT THE ACTION. Hes become a friend and its all half fun and then BIZ, THE NEW BANK OF AMERICA --TOWNCENTER COIN

Gcubed | 07-07-2008 11:11 PM
Re: Coin shop action Quote:
Originally Posted by wille (Post 1180826) Coin shops have more inventory when prices drop or are low. The public sheople think that when prices are high its time to buy, and when prices are low its time to sell cause IT is not worth a lot anymore. Right now across the US coin shops have low inventory in the brought-in product. So coin shops are ordering more from wholesale suppliers to meet demand and have inventory. If silver is $23.00 an ounce the public thinks silver is more valuable now so they buy. When silver is $16.00 the public thinks why buy a cheap product.
I beg to differ. How long have you been in the business?

Mone | 07-08-2008 12:01 AM
Re: Coin shop action I had a favorite PM store I used when I first started buying physical. No big deal... They had- I shopped. That lasted until about 2 years ago. Slowly but surely they had fewer items in stock until now (for the last year maybe) I get emails from the owner every time he gets a wad of goodies. Half the time I reply fast enough to get something. I haven't used this place as my primary source for some time- but I believe this example fits the conversation... All fwiw.

Baldwin | 07-08-2008 01:08 AM
Re: Coin shop action Quote:
Originally Posted by wille (Post 1180846) You hit the nail on the head Iptuous , WISE OBSERVATION, ITLL MAKE YOU $ TO BE AS AWARE, Just deals what comes in. Your dialed in.I think we need to stay on top of this so when we have $120.00 silver we can make the moves smoothly. I like a Plan. I went in last week and all he had was $200 face of quarters and dimes. and a few morgans and peace--- I railed on him and said I bought my azz off here I want the goods!!! Your holding out on me Old fiend!! He said Will I DONT HAVE IT-- I said You SOB-- then we laughed. Im holding his azz to the fire, IF HE HAS IT i WANT THE ACTION. Hes become a friend and its all half fun and then BIZ, THE NEW BANK OF AMERICA --TOWNCENTER COIN
Are you related to History Student? Maybe a cousin?

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