Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Condition vs price
>
Reply to Thread
Message:
<p>[QUOTE="playin4funami, post: 999056, member: 21976"]I go about it a little different, I look and look and work on multiple sets a one time, when I come across a coin in the self imposed minimum condition that I am using for that set then I look at the price. if the price is more than I am willing to spend on that coin and the seller is unmovable on the price then I just go on and continue looking at other coins. I don't really start with keys or non-keys, I just take them as they come, if I do find keys or semi keys are a really great price for the grade then I buy them even if I already have them and hold them for awhile and resell when the time is right to make a profit. This money then returns to the coin collection fund for more buying power. I don't concentrate on any one type of coin when out shopping,this enables me to get the most bang for my buck as I can take advantage of sales, or stay away from buying things that are "in style" and commanding a premium, a year down the road or two and those premium coins are often found for half the price, cherrypicker extraordinaire!</p><p> </p><p> Here's an example, the coins have been changed to protect the innocent! Lets say a IHC (Indian head Cent)is a hot item, and the prices start going up, But as they do the BN(buffalo nickel) slides to the wayside and prices go down, that is when I will be running around taking all the BN's I can find at a reduced price,and will just let my IHC's sit idle. Now say three years later they reverse course and the BN's are back in style as a collectible and the IHC's are coming down in price, thats when I will start putting some BN's on the market and quietly buying up what IHC's I find at great prices, or even trading one for the other, of course my own collections get the very best out of what I find and get upgraded as things happen and the culls put back out there, this is just my way of avoiding false or "hot item" premiums, and it works pretty well, it doesn't fill sets overnight, but it is a patience thing and it can be frustrating at times.[/QUOTE]</p><p><br /></p>
[QUOTE="playin4funami, post: 999056, member: 21976"]I go about it a little different, I look and look and work on multiple sets a one time, when I come across a coin in the self imposed minimum condition that I am using for that set then I look at the price. if the price is more than I am willing to spend on that coin and the seller is unmovable on the price then I just go on and continue looking at other coins. I don't really start with keys or non-keys, I just take them as they come, if I do find keys or semi keys are a really great price for the grade then I buy them even if I already have them and hold them for awhile and resell when the time is right to make a profit. This money then returns to the coin collection fund for more buying power. I don't concentrate on any one type of coin when out shopping,this enables me to get the most bang for my buck as I can take advantage of sales, or stay away from buying things that are "in style" and commanding a premium, a year down the road or two and those premium coins are often found for half the price, cherrypicker extraordinaire! Here's an example, the coins have been changed to protect the innocent! Lets say a IHC (Indian head Cent)is a hot item, and the prices start going up, But as they do the BN(buffalo nickel) slides to the wayside and prices go down, that is when I will be running around taking all the BN's I can find at a reduced price,and will just let my IHC's sit idle. Now say three years later they reverse course and the BN's are back in style as a collectible and the IHC's are coming down in price, thats when I will start putting some BN's on the market and quietly buying up what IHC's I find at great prices, or even trading one for the other, of course my own collections get the very best out of what I find and get upgraded as things happen and the culls put back out there, this is just my way of avoiding false or "hot item" premiums, and it works pretty well, it doesn't fill sets overnight, but it is a patience thing and it can be frustrating at times.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Condition vs price
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...