Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
$200 for dirty, old coin or shiny new coin
>
Reply to Thread
Message:
<p>[QUOTE="cdc, post: 1283429, member: 33641"]Thanks everybody for the replies. Interesting reading. It would be fun to make money on a hobby instead of buying a jet ski and knowing I'll lose 1/2 of it. But that doesn't sound realistic.</p><p><br /></p><p>I bought in the 1970's and got tired of it sitting around so sold what I could to local dealers. Sorry to say that, as posted here, I would have done FAR BETTER if I had just bought a bag of junk silver coins for bullion than carefully selecting the best grade of low-mintage coins (like nickels) I could find. But even then, the dealer only paid 1/2 the going rate for some as they were "were too worn to run through the coin machine".</p><p><br /></p><p>I some how got on the phone with a dealer who had a 1909svbd MS 67 Red for $32,500 and 1914D MS 66 for $16,000. I'm guessing from the experts here those aren't good buys?</p><p><br /></p><p>With all these stories about people losing huge amounts of money, somebody must be MAKING huge amounts selling to those people?</p><p><br /></p><p>I heard that the U.S. mint may be producing some proof set NOT available to dealers but only to the general public. That sounds okay. At least my GSA Morgan dollar went up.[/QUOTE]</p><p><br /></p>
[QUOTE="cdc, post: 1283429, member: 33641"]Thanks everybody for the replies. Interesting reading. It would be fun to make money on a hobby instead of buying a jet ski and knowing I'll lose 1/2 of it. But that doesn't sound realistic. I bought in the 1970's and got tired of it sitting around so sold what I could to local dealers. Sorry to say that, as posted here, I would have done FAR BETTER if I had just bought a bag of junk silver coins for bullion than carefully selecting the best grade of low-mintage coins (like nickels) I could find. But even then, the dealer only paid 1/2 the going rate for some as they were "were too worn to run through the coin machine". I some how got on the phone with a dealer who had a 1909svbd MS 67 Red for $32,500 and 1914D MS 66 for $16,000. I'm guessing from the experts here those aren't good buys? With all these stories about people losing huge amounts of money, somebody must be MAKING huge amounts selling to those people? I heard that the U.S. mint may be producing some proof set NOT available to dealers but only to the general public. That sounds okay. At least my GSA Morgan dollar went up.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
$200 for dirty, old coin or shiny new coin
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...