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Do 21st Century Coin Collecting Methods Drive Prices Down and Hurt our Hobby?
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<p>[QUOTE="GDJMSP, post: 3078650, member: 112"]I think you're right, but that doesn't mean they are. I used to buy and sell coins all the time, especially coins I had no intention at all of keeping for my collection. I bought them solely because I knew for a fact that I could sell them for multiples of what I paid for them. And then use that money to buy something I actually wanted. </p><p><br /></p><p>But that most definitely did not make me a coin dealer - not in any way.</p><p><br /></p><p><br /></p><p><br /></p><p>Now this part, pretty much any astute collector can do it, provided they are willing to put in the work it requires. Almost all of what I would call "good" dealers will sell coins to you for 10-20% more than they paid for them. And sometimes even less than 10%. And me personally, I define 10% as being close.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3078650, member: 112"]I think you're right, but that doesn't mean they are. I used to buy and sell coins all the time, especially coins I had no intention at all of keeping for my collection. I bought them solely because I knew for a fact that I could sell them for multiples of what I paid for them. And then use that money to buy something I actually wanted. But that most definitely did not make me a coin dealer - not in any way. Now this part, pretty much any astute collector can do it, provided they are willing to put in the work it requires. Almost all of what I would call "good" dealers will sell coins to you for 10-20% more than they paid for them. And sometimes even less than 10%. And me personally, I define 10% as being close.[/QUOTE]
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Do 21st Century Coin Collecting Methods Drive Prices Down and Hurt our Hobby?
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