Reply to Thread

Message:: [QUOTE="National dealer, post: 5136, member: 487"]There is an interesting saying in poker, that if you can't spot the sucker at the table, then it is you. This same line of thinking can be used in coins. Many people who have a handful of coins call themselves dealers and set up on ebay. These are not stupid people by any means. They prey on the deal seekers who think that they can make a killing in coins. They see these MS-65 coins for well under retail price and jump on it. It is after a little education that they find themselves on the short end of the stick. There are never deals too good to be true. Yes there is profit in coins if you know what you are looking at, and how to sell it. The ability to grade coins, and spot above average strikes is the easiest way to get great deals. When you decide to make money in coins, you have turned it into a business, and with any business, you must know the ends and outs of it. Dealers buy thousands of coins a year. We work more on volume than profit margin. It is far easier to make a few dollars on many coins than it is to make thousands on one coin.[/QUOTE]