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<p>[QUOTE="yakpoo, post: 720652, member: 18157"]In the early '70s, I collected about as heavily as any 12-16 year old with a paper route could. My sources for coins was limited...relatives, banks, Numismatic News, U.S. Mint, and the local coin store. Since my funds were limited I often had to sell unwanted coins to buy new ones.</p><p> </p><p>The "rule of thumb" back then was to expect about 50% of Red Book...for average coins...or the going bullion rate, whichever was higher. I quickly learned that high-end key date coins were the way to go if I wanted to make any money in coins.</p><p> </p><p>My point is...you can't begrudge a dealer their living. However, you need to take some time to develop a relationship with a dealer first...buying and selling. You generally won't get a fair shake from a dealer just walking in off the street.</p><p> </p><p>What's different these days is the internet/eBay. A lot of people like to run eBay down, but they probably forget what coin collecting was like before the internet. It's soooo nice to sit at home and have access to so many different type of coins. I see people make way more than 50% on their coins...even after fees, but they still complain.</p><p> </p><p>The question comes down to...<b>how much is your time worth?</b> If you have nothing but time and think it would be fun to sell on eBay...go for it! If not, seek out a dealer...but be prepared for an offer that may be less than your bid/ask numbers suggest.[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 720652, member: 18157"]In the early '70s, I collected about as heavily as any 12-16 year old with a paper route could. My sources for coins was limited...relatives, banks, Numismatic News, U.S. Mint, and the local coin store. Since my funds were limited I often had to sell unwanted coins to buy new ones. The "rule of thumb" back then was to expect about 50% of Red Book...for average coins...or the going bullion rate, whichever was higher. I quickly learned that high-end key date coins were the way to go if I wanted to make any money in coins. My point is...you can't begrudge a dealer their living. However, you need to take some time to develop a relationship with a dealer first...buying and selling. You generally won't get a fair shake from a dealer just walking in off the street. What's different these days is the internet/eBay. A lot of people like to run eBay down, but they probably forget what coin collecting was like before the internet. It's soooo nice to sit at home and have access to so many different type of coins. I see people make way more than 50% on their coins...even after fees, but they still complain. The question comes down to...[B]how much is your time worth?[/B] If you have nothing but time and think it would be fun to sell on eBay...go for it! If not, seek out a dealer...but be prepared for an offer that may be less than your bid/ask numbers suggest.[/QUOTE]
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