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<p>[QUOTE="beef1020, post: 1452180, member: 24544"]Just a couple thoughts.</p><p><br /></p><p>First, don't think of coins as an investment as you are unlikely to get a good return. Coins, especially low grade coins, are extremely hard to make money on as the buy sell spread plus transaction costs are large. Take the coin you just bought, it cost you $5 to get it to your door. Assuming you sell it for $3.25, you will be out $2 for the shipping plus 12% for ebay/paypal fees.</p><p><br /></p><p>Which brings up the second point. As a general rule don't be obsessed with getting a deal as most of the coins you get a 'deal' on are priced below book value due to problems. Buy the nicest coin you can afford, and keep in mind that problem coins bring lower prices and are hard to sell while choice coins bring a premium and are easier to sell. It's those choice coins which deal searches never purchase as they are generally priced above the guide, but they are easier to sell in the future and often return the premium.</p><p><br /></p><p>Lastly, it' tends to be cheaper in the long run to buy a coin you like and keep it, rather then buy problem coins and upgrade repeatedly.[/QUOTE]</p><p><br /></p>
[QUOTE="beef1020, post: 1452180, member: 24544"]Just a couple thoughts. First, don't think of coins as an investment as you are unlikely to get a good return. Coins, especially low grade coins, are extremely hard to make money on as the buy sell spread plus transaction costs are large. Take the coin you just bought, it cost you $5 to get it to your door. Assuming you sell it for $3.25, you will be out $2 for the shipping plus 12% for ebay/paypal fees. Which brings up the second point. As a general rule don't be obsessed with getting a deal as most of the coins you get a 'deal' on are priced below book value due to problems. Buy the nicest coin you can afford, and keep in mind that problem coins bring lower prices and are hard to sell while choice coins bring a premium and are easier to sell. It's those choice coins which deal searches never purchase as they are generally priced above the guide, but they are easier to sell in the future and often return the premium. Lastly, it' tends to be cheaper in the long run to buy a coin you like and keep it, rather then buy problem coins and upgrade repeatedly.[/QUOTE]
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