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100 Lessons for Building and Selling a Collection of Rare Coins
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<p>[QUOTE="baseball21, post: 3521016, member: 76863"]Most collectors have a monthly coin budget of about a $150 or less. Even if you buy 1 coin a year you still aren't even close to an investment level coin. Actual investment level coins are essentially all 5 figures or more. </p><p><br /></p><p>Building a set for the sole purpose of selling for profit in a short period of time is something that the overwhelming majority of collectors do not have the finances for. It's even harder to do today because word gets out or people realize the trend and they run you up on the coins left that you need. </p><p><br /></p><p>Great sets will generally sell for a profit overtime, but to do it quickly and expect a profit you better have a huge bank account for the right coins. </p><p><br /></p><p>While there may be good points on can learn from in books like these, you have to know how to weed through all the fluff. In the end the main person helped by these get rich/make money with coin books is the author and the publisher making money off the sales, the people that have found an avenue for consistent success aren't writing about it they're just doing it </p><p><br /></p><p><br /></p><p><br /></p><p>I don't own any 6 figure coins and that is hardly a matter of choice. Financials aren't a choice unless you just stop paying all your bills to maximize hobby money which would be insane.[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 3521016, member: 76863"]Most collectors have a monthly coin budget of about a $150 or less. Even if you buy 1 coin a year you still aren't even close to an investment level coin. Actual investment level coins are essentially all 5 figures or more. Building a set for the sole purpose of selling for profit in a short period of time is something that the overwhelming majority of collectors do not have the finances for. It's even harder to do today because word gets out or people realize the trend and they run you up on the coins left that you need. Great sets will generally sell for a profit overtime, but to do it quickly and expect a profit you better have a huge bank account for the right coins. While there may be good points on can learn from in books like these, you have to know how to weed through all the fluff. In the end the main person helped by these get rich/make money with coin books is the author and the publisher making money off the sales, the people that have found an avenue for consistent success aren't writing about it they're just doing it I don't own any 6 figure coins and that is hardly a matter of choice. Financials aren't a choice unless you just stop paying all your bills to maximize hobby money which would be insane.[/QUOTE]
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100 Lessons for Building and Selling a Collection of Rare Coins
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