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<p>[QUOTE="cladking, post: 1471310, member: 68"]On a lot of the stuff I buy I need to make 20 or 30 times my moneyjust to break even. This is because I have very little money invested in it but lots of postage, shoe leather, blood, sweat, and tears wrapped up in it. I'd go through large quantities of junk looking for anything that was rarely seen or Gem. A lot of these coins I have less than a penny apiece in and even though they've gone up to a dollar I still can't really break even. Not that I'm crying since I've got profits of 10,000 fold and higher on some stuff as well. </p><p><br /></p><p>The real era of opportunity is now because there are so many of these rare coins from the developing countries that haven't gone up yet. Brazilian coins have shown no increses in decades but I know the demand must be increasing because the economy is very strong. Incredibly no Chinese circulating coinage is showing any increase yet (though they accidently left Taiwan out of the new catalog). There are opportunities everywhere but the downside is it will take you time to learn the difference between common junk and rare coins. There's some small guidance now and this information can be extrapolated to apply to other countries. </p><p><br /></p><p>I'm just dumbfounded by some of the coins that are exploding upward. A few of them are ones I passed on at $1 because I thought they were too common. Now they list for hundreds and routinely sell on eBay. Most get shipped out of the country because that's where the demand is. So long as we continue on the current path our middle class will continue to shrink but many of these foreign countries will continue to grow no matter what we do. The one thing no one saved in this country were moderns. They didn't save US moderns and they didn't save world moderns. Now there's demand at home for many of these coins and there's no supply for some of them so prices are explosive. I might start selling into some of this strenght but truth to tell I think most of this will prove the tip of the iceberg. There are lots of coins with mintages in the tens of millions which barely exist at all and are rarely seen in pristine condition. The country of origin didn't save the coins and neither did US collectors. People will be searching poundage for this stuff for decades now.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1471310, member: 68"]On a lot of the stuff I buy I need to make 20 or 30 times my moneyjust to break even. This is because I have very little money invested in it but lots of postage, shoe leather, blood, sweat, and tears wrapped up in it. I'd go through large quantities of junk looking for anything that was rarely seen or Gem. A lot of these coins I have less than a penny apiece in and even though they've gone up to a dollar I still can't really break even. Not that I'm crying since I've got profits of 10,000 fold and higher on some stuff as well. The real era of opportunity is now because there are so many of these rare coins from the developing countries that haven't gone up yet. Brazilian coins have shown no increses in decades but I know the demand must be increasing because the economy is very strong. Incredibly no Chinese circulating coinage is showing any increase yet (though they accidently left Taiwan out of the new catalog). There are opportunities everywhere but the downside is it will take you time to learn the difference between common junk and rare coins. There's some small guidance now and this information can be extrapolated to apply to other countries. I'm just dumbfounded by some of the coins that are exploding upward. A few of them are ones I passed on at $1 because I thought they were too common. Now they list for hundreds and routinely sell on eBay. Most get shipped out of the country because that's where the demand is. So long as we continue on the current path our middle class will continue to shrink but many of these foreign countries will continue to grow no matter what we do. The one thing no one saved in this country were moderns. They didn't save US moderns and they didn't save world moderns. Now there's demand at home for many of these coins and there's no supply for some of them so prices are explosive. I might start selling into some of this strenght but truth to tell I think most of this will prove the tip of the iceberg. There are lots of coins with mintages in the tens of millions which barely exist at all and are rarely seen in pristine condition. The country of origin didn't save the coins and neither did US collectors. People will be searching poundage for this stuff for decades now.[/QUOTE]
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