1st Feb 2020: The Silver Forum Lounge with Numistacker @ London Coin Show

[bilko]

Im going to try and get along, bring my very limited coins along and see if I can get some more info about them, any idea what the closest train or tube station is?

[SovTracker]

It's at the Holiday Inn

Coram St, Bloomsbury, London WC1N 1HT, United Kingdom

Closest Train Stain is Euston and Underground Russell Square. 

 

[Pipers]

I may be there under cover!!!!

[kimchi]

I will be Cosplaying as William Wyon

[SovTracker]

1 hour ago, Pipers said:

I may be there under cover!!!!

If you are under cover you will stand out. Most of us wear normal clothes and are not under a Blanket!! 

[Pipers]

2 hours ago, SovTracker said:

If you are under cover you will stand out. Most of us wear normal clothes and are not under a Blanket!! 

hiding in plain sight! 

i will then report back 😂🤣

[robman60]

This had slipped my mind, thank God I came on here for a look. Will hopefully meet some of you on Saturday!

[Tn21]

Oh wow it's this Sat, did not realise until the above.  

It's round the corner. 

[LiquidMetalsUK]

Not been before and if the weather isn't to bad I'll shoot up on the bike. Is there any where there I can stash helmet and jacket?

Thanks 

[Tn21]

Last time they did have a place where jackets where stored. @Jamesd

 

I'm sure the helmet won't be an issue 

[LiquidMetalsUK]

Cool thanks buddy. Hopfully the weather will hold out and I'll make it up

[Ranks1970]

As I have never been to a coin fair before I think I will take a trip down as I am not to far from there . See you all on Saturday 👍🏿

[Darr3nG]

For those of you who have been to a coin fair before, what should a 'stacker' like me expect?

Is it a collector's paradise or are there any spot-price (or less) deals to be had?

[Tn21]

I have only ever been to one before and that was last year. I was in awe to see so much au and ag lying about. Unfortunately I was in a rush so didn't quite scope the prices or the pieces for that matter. 

I can't really answer your question but last time I went with empty pockets this time round I will be taking £350 cash just incase I see something I feel is worth buying. 

Definitely well worth a visit.

@Darr3nG

[bilko]

Hmm never thought of that, would we need cash for purchases or is debit card widely accepted?

[Tn21]

 I do remember seeing card terminals last time at the fair.

 

Can anyone else confirm ?

[SovTracker]

Generally most dealing at coin fairs is cash. 

You get the best deals for cash though I remember seeing a couple of terminals about. 

Also some will allow you to do a Bank Transfer because they are virtually instantaneous nowadays and show up in an account "normally" withing a minute although it can take up to 2 hours. 

Hope that helps

[richatthecroft]

1 hour ago, SovTracker said:

Generally most dealing at coin fairs is cash. 

You get the best deals for cash though I remember seeing a couple of terminals about. 

Also some will allow you to do a Bank Transfer because they are virtually instantaneous nowadays and show up in an account "normally" withing a minute although it can take up to 2 hours. 

Hope that helps

I guess the phrase ‘cash is king’ still holds out...smaller dealers (and larger ones too, I guess) like to have a bit of back pocket money.

But it seems absurd that at the end of days trading at a major fair, any dealer would want to have rolls of cash that would choke a Drove of Donkeys.

[InvestInCoins888]

I’ve invested in a iZettle. It was only £19 a few months ago, fees similar to PayPal and money goes into my bank account. It accepts a wide range of payments, cc, dc and Apple Pay. The device uses Bluetooth off my phone. 

I figure with some coins at nearly a grand in price, I’m better off with a card machine for fairs etc...

[Paul]

6 minutes ago, InvestInCoins888 said:

I’ve invested in a iZettle. It was only £19 a few months ago, fees similar to PayPal and money goes into my bank account. It accepts a wide range of payments, cc, dc and Apple Pay. The device uses Bluetooth off my phone. 

I figure with some coins at nearly a grand in price, I’m better off with a card machine for fairs etc...

Ive used the izettle for my business for a few years, when im out on the move. 

Very reliable, battery life, great functionality, quick automated withdrawl to business bank, & fees/commission are reasonable for me, but on a £1000+ coin sale it will eat into your profits

1.75% = £17.50 per £1000

[InvestInCoins888]

I’ve been conducting so much business recently through ebay and their 10% daylight robbery (plus PayPal’s share) 1.75% seems like a dream! 😉

[Paul]

got to bake into the price cake, these fees = cost of doing business 

[richatthecroft]

iZettle sounds like a good way to trade- I don’t know how small businesses survive without taking cards- turnover must be dramatically reduced.

I haven’t been in business since the mid 1990’s when back pocket cash was easy to come by- lots of people simply carried cash- and Cheques (remember them) filled the gap.  There was a bank in every town/ multiples of branches in different districts of cities.

Fast forward to 2020- my nearest Halifax Branch was 3 miles away in 1995 now it’s 20 miles away- where do people get enough cash in their pocket to buy several nice coins at a coin fair?

It would be a right pain me taking time out of work to visit a bank- and cash machines only dispense a Bullion Sovereigns worth of cash- I guess I could visit a cash machine several times prior to the event!

[richatthecroft]

56 minutes ago, Paul said:

Very reliable, battery life, great functionality, quick automated withdrawl to business bank, & fees/commission are reasonable for me, but on a £1000+ coin sale it will eat into your profits

1.75% = £17.50 per £1000

I would have thought bank transfer is the only way to go for a dealer at a coin fair? 

[InvestInCoins888]

4 minutes ago, richatthecroft said:

I would have thought bank transfer is the only way to go for a dealer at a coin fair? 

What do you do if the customer transfers the money and it gets stopped for checks?  Either way it’s going to take some trust and bullion, like laptops & mobile phones is a magnet for fraudsters.