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<p>[QUOTE="Lostwords, post: 1764828, member: 56672"]I am a newbie so I'll take a stab at answering the original question:</p><p>How could one make money being a coin collector?</p><p>Quick and simple answer: you buy coins in bulk and sell it back out with a margin. How much money you can make is all depend upon you investment in time and money. Like anything else, it is also depend upon your risk tolerance. Sometime high risk = high reward but more than often, it works the opposite.</p><p> </p><p>Frankly, for me, I flip coins on the side to support my collection. I personally only buy coins I like. If it happen that the coin I buy become a flop, at least I get to keep it and enjoy it rather than stuck with a coin I don't like and it's a flop.</p><p> </p><p>My early strategy is to buy multiple coins of what I like to save on "shipping" and then sell it back out with a small margin. This way it helps "pay" for coin I like.[/QUOTE]</p><p><br /></p>
[QUOTE="Lostwords, post: 1764828, member: 56672"]I am a newbie so I'll take a stab at answering the original question: How could one make money being a coin collector? Quick and simple answer: you buy coins in bulk and sell it back out with a margin. How much money you can make is all depend upon you investment in time and money. Like anything else, it is also depend upon your risk tolerance. Sometime high risk = high reward but more than often, it works the opposite. Frankly, for me, I flip coins on the side to support my collection. I personally only buy coins I like. If it happen that the coin I buy become a flop, at least I get to keep it and enjoy it rather than stuck with a coin I don't like and it's a flop. My early strategy is to buy multiple coins of what I like to save on "shipping" and then sell it back out with a small margin. This way it helps "pay" for coin I like.[/QUOTE]
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