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<p>[QUOTE="Kirkuleez, post: 1766189, member: 36864"]I worked for Blanchard for a few years. What they did was cater to the very high end customer, but in doing so, they would pay high margins on a coin that somebody wanted and turn a nice profit. This is not bad for someone who really needs to have a coin for a collection, but for investment, this method will seldom work. One collector that I worked with bought a complete set of Stellas including all of the aluminum patterns and the Hawaii five O specimen 1913 Liberty nickel and many other very high end pieces. All of these coins had to be purchased from other collectors who did not want to part with them, so the prices were higher than one would consider market value. I would think that the collector could sell these coins at a decent profit now, but they made the purchase about ten years ago.</p><p> </p><p>There is profit to be made in coin collecting/investing, but it takes plenty of knowledge, a little luck and many years of waiting for a return.[/QUOTE]</p><p><br /></p>
[QUOTE="Kirkuleez, post: 1766189, member: 36864"]I worked for Blanchard for a few years. What they did was cater to the very high end customer, but in doing so, they would pay high margins on a coin that somebody wanted and turn a nice profit. This is not bad for someone who really needs to have a coin for a collection, but for investment, this method will seldom work. One collector that I worked with bought a complete set of Stellas including all of the aluminum patterns and the Hawaii five O specimen 1913 Liberty nickel and many other very high end pieces. All of these coins had to be purchased from other collectors who did not want to part with them, so the prices were higher than one would consider market value. I would think that the collector could sell these coins at a decent profit now, but they made the purchase about ten years ago. There is profit to be made in coin collecting/investing, but it takes plenty of knowledge, a little luck and many years of waiting for a return.[/QUOTE]
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