Every wonder how much money is made selling money?

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LOL, yeah I know that trick... 5" fish pushed into the camera = big-as fish!!!

Now, hunting Muskee is fun. Fished in WI for years, and you can't pull them out of some of the northern lakes under 42"...purdy cool!

 

I mostly buy top quality coins for my interests and often have to compete against people who are much wealthier or heavily motivated buyers, likely both. But in the end, I'm also a competive jerk who has deep seated mommy issues and has trouble accepting losing, so I often significantly overpay to make up for my behavioral deficiencies and get my way.

The coins I've sold, I've lost money overall on but I hadn't had them long, usually prioritize buying the right coin (for me) rather than the right priced coin, and have made some mistakes. I've done some poor sales too, being expedient rather than worried about the best return, but I don't give a damn at this point. It's a process and I'm get better at it. It's also not been an unreasonable expense for such a wonderful hobby as opposed to golf where you have nothing to show it but skin cancer. And I still think someday 30 years from now I'll make money overall as well as a lifetime of enjoyment. I also look at my collection as an alternative store of value, even it imperfect.

What a great hobby!

 

That Homer pic!

I 100% agree. If this was a golfing forum no one would be talking about investment quality golf clubs or worrying about which tees will give the greatest returns on eBay. The focus on resale and profit potential was one of the things that drove me away from U.S. coins, coupled with slabs, and let's face it, they get pretty boring.

 

I just bought $915 of 'new' notes (in matching number sets) from the Reserve Bank, (ahead of release), for $1500, so there is 66% profit on 'face value, for the Government, right there.

 

Agreed on store of value (wealth in my vernacular). At least I know there is enough buoyancy in the 'market' that I COULD sell them for SOME kind of cash should the bottom fall out of my life. Your self-deprecation approach is how I view my collecting urges also... Such a cool hobby!

 

The scenario above is common, but auction houses (even the smaller ones selling cheaper coins) have a minimum sales fee for the coin, so even if they offer 15-20% commission, most likely the $100 coin with one bid at the open will cost (on average) $25, thus netting you $35 for that $100 coin (that you may have paid $1 or $1,000 for). It's a gamble. There are so many factors with auctions it would make your head dizzy. Bidders may or may not show and bid for hundreds (or more) reasons, making your consignment boom or bust.

 

Einstein chimes in:

 

I'm still in awe that two common Constantines that I sold together netted me $38

 

never bought a coin that I thought I could make a profit on - many times I would buy and did not want anyone to know what I paid and would throw the ticket away and invoice to avoid the wife knowing. truth today no idea what the majority of coins cost 50 years later as I am not selling anyhow. if the coins are sold then i am sure it will be a mixed bag of profit and losses.

 

These posts make me feel very at home in the ancients section. I find the investment attitude as a way to rationalize buying coins I couldn't afford. It's ok to reach and overspend, it's an investment... I realized this pretty early on in collecting and now really try to buy coins with the idea that if they were worth nothing tomorrow would I still be happy with the purchase. It's also much less stressful