I went to my first coin show on Saturday. I purchased a few overprised coins:headbang: These coins are not very expensive but, I am 13 and I don't make much money Should I try to sell these Kennedy Halves for the same price that I bought them to the local dealer?
No, the dealer will only pay 80% of what it is worth. Most of the time dealers have to make profits, hence you probably pay anywhere around 110+% of what it is worth. An important lesson would be is to know what you are going to buy, and the real value of it.
I suggest you keep what you bought. By the time your as old as me they will be worth a lot more than you paid for them and you'll be glad you made the investment. At your age I would advise you gather some written information such as the Red Book and become more learned as to coins efore any additional purchases. You should have checked out that coin show for such books on coins. Then there is this and many more web sites where you can read about coins. If you can't find a place to buy the Red Book, try the Walmart Web site and check out their book section. The 2007 Red Book goes for $#9.37 plus S&H natually. Go to a few more coin shows and LOOK, LISTEN and ASK QUESTIONS.
