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<p>[QUOTE=&quot;hotwheelsearl, post: 4459309, member: 75143&quot;]You may have seen my previous three hoard posts. Over three weeks I purchased a total of 800 coins for a total of $660. This averages to about $0.83 per coin.</p><p><br /></p><p>Please check the first three posts which have details on each purchase.</p><p>First: <a href="https://www.cointalk.com/threads/200-coins-for-0-73-each-results.357835/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/200-coins-for-0-73-each-results.357835/">https://www.cointalk.com/threads/200-coins-for-0-73-each-results.357835/</a></p><p>Second: <a href="https://www.cointalk.com/threads/mixed-lot-of-300-coins-results.358598/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/mixed-lot-of-300-coins-results.358598/">https://www.cointalk.com/threads/mixed-lot-of-300-coins-results.358598/</a></p><p>Third: <a href="https://www.cointalk.com/threads/mixed-lot-of-300-coins-results.359402/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/mixed-lot-of-300-coins-results.359402/">https://www.cointalk.com/threads/mixed-lot-of-300-coins-results.359402/</a></p><p><br /></p><p><br /></p><p>This post is a full breakdown of buying large hoard lots including breakdowns of coin types and a financial analysis.</p><p><br /></p><p>Out of 800 coins:</p><p><b>Condition:</b></p><p>Very Low Grade Cull: 15.4%</p><p>Low Grade: 22.5%</p><p>Medium Grade: 29.5%</p><p>Better Grade: 32.5%</p><p><br /></p><p><b>Types:</b></p><p>Roman Imperial: 87.6%</p><p>Byzantine: 5.6%</p><p>Greek: 1.1%</p><p>Roman Provincial: 3.4%</p><p>Seleucid: 0.7%</p><p>Celtic/other: 1.3%</p><p>Roman Republican: 0.23%</p><p><br /></p><p><b>Sale Price Averages:</b></p><p>Very Low Grade Cull: $0.48</p><p>Low Grade: $0.56</p><p>Medium Grade: $0.78</p><p>Better Grade: $2.78</p><p>Byzantine: $0.86</p><p>Provincial/other: $2.66</p><p><b>Average sale price: </b>$1.05</p><p><br /></p><p>Conclusion: If I sold every single coin for the thus-far average sale price of $1.05, I would make $840.00 net. </p><p>Estimated fees and shipping would bring it down to $700-ish. </p><p>Estimated <b>total profit margin</b>: $40, or 6% profit.</p><p><br /></p><p>Granted, I did take about 35 coins for my personal collection.</p><p>Also, there are a few higher-value coins (such as Severus Alexander and Elagabalus provincials) that could fetch a somewhat higher price.</p><p><br /></p><p><b>Conclusion</b>:</p><p>Buying hoards is not a cost-effective endeavor. Best-case scenario you make a minor profit. Factor in the extreme amount of time (over 10 hours in my case) of attribution, listing, and selling, then you have lost quite a bit of time and money.</p><p><br /></p><p><b>Should you do it</b>:</p><p>NO. Unless you have lots of money on hand and don&#039;t have anything else to do.</p><p><br /></p><p>Tags:</p><p>[USER=97872]@Robert Ransom[/USER] </p><p>[USER=19463]@dougsmit[/USER] </p><p>[USER=41219]@furryfrog02[/USER] </p><p>[USER=75937]@Roman Collector[/USER][/QUOTE]</p><p><br /></p>

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