Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Can someone teach me how to make money coin collecting?
>
Reply to Thread
Message:
<p>[QUOTE="-jeffB, post: 2106061, member: 27832"]"It's easy to make a small fortune coin collecting. Just start with a large fortune."</p><p><br /></p><p>You <i>can</i> just search change or rolls of coins, pulling out ones that are more valuable, once you have the knowledge to recognize them. But the effective "pay rate" ($/hr) is way, way below minimum wage.</p><p><br /></p><p>Beyond that, you have a few basic choices:</p><p><br /></p><p>1) Be very, <i>very</i> knowledgeable -- know more than the people you buy from and sell to. That lets you recognize coins that are undervalued.</p><p><br /></p><p>2) Be very patient -- many coins go up over time. Not all, though; some actually go down. Almost none outperform stocks for any significant period.</p><p><br /></p><p>3) Be very unethical. Lots of people make a living lying to the people who sell to or buy from them, and from taking advantage of the ignorant or desperate.</p><p><br /></p><p>4). Be very lucky. Lightning sometimes does strike.</p><p><br /></p><p>You'll get farthest with a combination of these. I hope you'll stay away from number 3.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 2106061, member: 27832"]"It's easy to make a small fortune coin collecting. Just start with a large fortune." You [I]can[/I] just search change or rolls of coins, pulling out ones that are more valuable, once you have the knowledge to recognize them. But the effective "pay rate" ($/hr) is way, way below minimum wage. Beyond that, you have a few basic choices: 1) Be very, [I]very[/I] knowledgeable -- know more than the people you buy from and sell to. That lets you recognize coins that are undervalued. 2) Be very patient -- many coins go up over time. Not all, though; some actually go down. Almost none outperform stocks for any significant period. 3) Be very unethical. Lots of people make a living lying to the people who sell to or buy from them, and from taking advantage of the ignorant or desperate. 4). Be very lucky. Lightning sometimes does strike. You'll get farthest with a combination of these. I hope you'll stay away from number 3.[/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
>
Can someone teach me how to make money coin collecting?
>
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...