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<p>[QUOTE="SuperDave, post: 85954, member: 1892"]I turn over three-quarters of what I buy, probably because I'm still a newbie and there's a shiny new object around every corner. I'm still fascinated by Morgans but seem to find myself buying Barbers these days. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Seriously, though, I practice strict discipline about the price I'm willing to pay, I know Ebay/Yahoo/etc backwards and I'm an accomplished sniper. I will not pay any more than Greysheet Ask for a coin I buy with resale in mind. The only coin I paid retail money for is the one pictured as my avatar, and I didn't know better then. I am extremely careful about researching potential sellers and purchases - for any new mintage I look into I go back through Heritage's entire archive for grade and value. For all that I only end up buying 10% of the coins I'd be willing to buy if the price were right.</p><p><br /></p><p>Although the majority of what I resell only nets me 10-15% (that will improve as the graphic quality of my auctions improves and my record lengthens), I double and triple my investment regularly. There are, of course, money-losers but those generate repeat buyers because they got a great deal.</p><p><br /></p><p>There's no doubt in my mind that I could make a living doing this, given about $25k in seed money. The thought has crossed my mind.[/QUOTE]</p><p><br /></p>
[QUOTE="SuperDave, post: 85954, member: 1892"]I turn over three-quarters of what I buy, probably because I'm still a newbie and there's a shiny new object around every corner. I'm still fascinated by Morgans but seem to find myself buying Barbers these days. :) Seriously, though, I practice strict discipline about the price I'm willing to pay, I know Ebay/Yahoo/etc backwards and I'm an accomplished sniper. I will not pay any more than Greysheet Ask for a coin I buy with resale in mind. The only coin I paid retail money for is the one pictured as my avatar, and I didn't know better then. I am extremely careful about researching potential sellers and purchases - for any new mintage I look into I go back through Heritage's entire archive for grade and value. For all that I only end up buying 10% of the coins I'd be willing to buy if the price were right. Although the majority of what I resell only nets me 10-15% (that will improve as the graphic quality of my auctions improves and my record lengthens), I double and triple my investment regularly. There are, of course, money-losers but those generate repeat buyers because they got a great deal. There's no doubt in my mind that I could make a living doing this, given about $25k in seed money. The thought has crossed my mind.[/QUOTE]
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