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<p>[QUOTE="Doug21, post: 1458961, member: 5650"]The only reliable way to make money with non-bullion coins is to be a coin dealer.</p><p><br /></p><p>It's similar to sports betting, you have to be the bookie to win !</p><p><br /></p><p>You could luck out and buy something that skyrockets, but not bloody likey.</p><p><br /></p><p>The only other real way is buying ultra-high end rarities like an 1804 dollar, 1913 V-Nickel and so forth. I recall as a kid collecting coins ( circa 1975) that that nickel was worth about 200k....and my parent's house was like 50k....something like that anyway, like that nickel ( one of five) was worth 4-5 nice houses.</p><p><br /></p><p>I'm not sure what the nickel is worth now, I'll guess 4 million, and the house maybe 250k, or the nickel buys 16 such homes.</p><p><br /></p><p>I doubt that can continue for coins. You might have done much better buying stocks than the V-nickel ?</p><p><br /></p><p>If you deal well....You can buy for 60 and sell for 100 on numismatic coins that don't change value based on silver, gold content....like an Indian head cent....you have to churn the inventory to pay Your B&M rent and so forth. So you pay 600-700 for a coin you can sell for 1,000...as dealer</p><p><br /></p><p>If the values remain relatively stable for years let's....on just call it an 1877 cent. The collector will not even get his money back ( maybe barely so), ten years later if the coin retails for $1500.</p><p><br /></p><p>Coins are like stamps, comic books, sports cards, old bottles, etc.</p><p><br /></p><p>Don't expect to profit.</p><p><br /></p><p>Buying Silver and Gold bullion coins is WAY Different ![/QUOTE]</p><p><br /></p>
[QUOTE="Doug21, post: 1458961, member: 5650"]The only reliable way to make money with non-bullion coins is to be a coin dealer. It's similar to sports betting, you have to be the bookie to win ! You could luck out and buy something that skyrockets, but not bloody likey. The only other real way is buying ultra-high end rarities like an 1804 dollar, 1913 V-Nickel and so forth. I recall as a kid collecting coins ( circa 1975) that that nickel was worth about 200k....and my parent's house was like 50k....something like that anyway, like that nickel ( one of five) was worth 4-5 nice houses. I'm not sure what the nickel is worth now, I'll guess 4 million, and the house maybe 250k, or the nickel buys 16 such homes. I doubt that can continue for coins. You might have done much better buying stocks than the V-nickel ? If you deal well....You can buy for 60 and sell for 100 on numismatic coins that don't change value based on silver, gold content....like an Indian head cent....you have to churn the inventory to pay Your B&M rent and so forth. So you pay 600-700 for a coin you can sell for 1,000...as dealer If the values remain relatively stable for years let's....on just call it an 1877 cent. The collector will not even get his money back ( maybe barely so), ten years later if the coin retails for $1500. Coins are like stamps, comic books, sports cards, old bottles, etc. Don't expect to profit. Buying Silver and Gold bullion coins is WAY Different ![/QUOTE]
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