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<p>[QUOTE=&quot;cladking, post: 865230, member: 68&quot;]Making money in coins is easy.&nbsp; All you need is a lot of knowledge, a lot of common sense, a lot of time, a lot of work, and most of all a whole lot of luck.&nbsp; Buying coins cheap in this hobby is very very easy to do. Even hot coins can be purchased pretty reasonably most of the time but the coins that are out of favor or have never been in favor can be had for a song in most cases.&nbsp; A businessman buys and sell coins for a living and most will deal primarily in what&#039;s actually being bought and sold; hot coins.&nbsp; There are lots of specialist dealers who buy and sell in niches as well but dealers all make money buy the spread between buy and sell.&nbsp; Few have the luxury of being able to set aside very many coins for appreciation but most dealers do attempt this to a greater or lesser degree and usually with coins of the sort they normally deal with. </p><p><br /></p><p>A collector has a lot more latitude for making a profit but much less opportunity because obtaining full value is far more difficult for a collector.&nbsp; </p><p><br /></p><p>There are many ways to make money but I believe the surest is to obtain far out of favor material at as low of prices as possible and wait for it to get in favor.&nbsp; The first thing to learn is what dealers pay for coins.&nbsp; Look at the buy prices of the major dealers and this will give you a sort of feel for minimum prices.&nbsp; Get in the habit of grading conservatively&nbsp; (very conservatively for world coins) or you may be disappointed when you go to sell.&nbsp; </p><p><br /></p><p>There&#039;s still huge pootential in a lot of moderns but don&#039;t forget these are getting more attention than they once did so there aren&#039;t going to be a lot of overlooked issues any more.&nbsp; But if you pay attention you&#039;ll pick up little tidbits like the fact people have been finding a lot of recent date half dollars in rolls.&nbsp; This might imply that a lot of people buying the recent halfs are cherry picking out the best and spending the rest.&nbsp; With the small mintages maybe just having uncs will suffice.&nbsp; Maybe the mint sets can be more attractive.&nbsp; </p><p><br /></p><p>The trick is to learn how these markets all work and pay attention.&nbsp; Get ahead of the curve and pray your luck is good.[/QUOTE]</p><p><br /></p>

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