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<p>[QUOTE="David Setree Rare Coins, post: 2660089, member: 74719"]I didn't have a healthy bankroll or a shop or anything.</p><p><br /></p><p>I loved coins and swore I would never sell a single one until one day.....</p><p><br /></p><p>I was showing off some gold I had bought with money I had saved by recycling aluminum cans. I was bartending for $3.00/hour at my parents restaurant and a a guy at the bar kept insisting that I sell him my gold coins. I politely refused---a dozen times and finally I said yes and doubled the price I paid for them hoping he'd go away. To my surprise, he whipped out a wad of hundreds and walked off with my coins. I went back to the same coin show where I bought them the very next day and replaced them.</p><p><br /></p><p>A bell went off in my head!</p><p><br /></p><p>It was a very slow process of learning as I went. I lost my job one winter and for Christmas money, I bought 100 1992 American silver Eagles and went from business to business, almost door-to-door selling them in snap lock holders for $7.95 each. I made $2 each and sold almost 2000 of them.</p><p><br /></p><p>My first coin show occurred when my coin club lost a dealer and asked if I would take the table to save the club money and make the show look full. I made some money but I made some serious mistakes that cost me money over the years.</p><p><br /></p><p>I was told buy Brian Greer that "If you aren't making mistake then you aren't buying enough coins". Good advise, that.</p><p><br /></p><p>I think the biggest thing is to look at as many coins as you can and get really good at collecting. Know your coins. join a club. Go to auctions and sign up for some dealer platform to learn the market. This way you will know the current market value of coins rather than just an outdate book or pricelist.</p><p><br /></p><p>What ever you do, God bless and good luck.[/QUOTE]</p><p><br /></p>
[QUOTE="David Setree Rare Coins, post: 2660089, member: 74719"]I didn't have a healthy bankroll or a shop or anything. I loved coins and swore I would never sell a single one until one day..... I was showing off some gold I had bought with money I had saved by recycling aluminum cans. I was bartending for $3.00/hour at my parents restaurant and a a guy at the bar kept insisting that I sell him my gold coins. I politely refused---a dozen times and finally I said yes and doubled the price I paid for them hoping he'd go away. To my surprise, he whipped out a wad of hundreds and walked off with my coins. I went back to the same coin show where I bought them the very next day and replaced them. A bell went off in my head! It was a very slow process of learning as I went. I lost my job one winter and for Christmas money, I bought 100 1992 American silver Eagles and went from business to business, almost door-to-door selling them in snap lock holders for $7.95 each. I made $2 each and sold almost 2000 of them. My first coin show occurred when my coin club lost a dealer and asked if I would take the table to save the club money and make the show look full. I made some money but I made some serious mistakes that cost me money over the years. I was told buy Brian Greer that "If you aren't making mistake then you aren't buying enough coins". Good advise, that. I think the biggest thing is to look at as many coins as you can and get really good at collecting. Know your coins. join a club. Go to auctions and sign up for some dealer platform to learn the market. This way you will know the current market value of coins rather than just an outdate book or pricelist. What ever you do, God bless and good luck.[/QUOTE]
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