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<p>[QUOTE=&quot;RaceBannon, post: 1813198, member: 25357&quot;]I&#039;ve been collecting for over 10 years.&nbsp; Only recently started selling coins.&nbsp; I have learned a lot through that process.</p><p>&nbsp;</p><p>I agree with some of the things that Doug mentions like how hard it is to turn a profit when one buys and flips a coin short term. </p><p>&nbsp;</p><p>But I&#039;ve also found that with coins you can turn a bit of a profit simply because of the value of precious metals and their impact on the value of coins.&nbsp;&nbsp; Granted, I&#039;ve been the beneficiary of market timing as it relates to the value and run up in prices of PMs.&nbsp; 10 years ago when I first got into the hobby, I bought lots and lots of US silver dollars.&nbsp; Waaay back in the olden days of 2004, one could still buy average circulated Peace Dollars for under $10 common date Morgans were a little more pricey.&nbsp; They might cost $12 per coin.&nbsp; Two years ago we had the huge run-up in silver prices.&nbsp; Morgans and Peace dollars were going for over $30 just for their silver value.</p><p>&nbsp;</p><p>Since then, silver spot prices have dropped back down to around $20/oz.&nbsp; But I&#039;m able to sell average Morgan and Peace dollars on eBay for $25-30 all day long.&nbsp; Less than 10 years, 100% profit on many of these common coins.&nbsp; I think understanding the fundamentals in the coin market, and how the price of PMs affects coins with some PM and some inherent numismatic value makes it possible to turn a profit selling coins.&nbsp; I didn&#039;t really go into it with the intent of making money, I just thought Morgan and Peace dollars were cool.</p><p>&nbsp;</p><p>Now I&#039;ve started collecting ancients.&nbsp; I look for quality coins with decent eye appeal.&nbsp; I collect mostly Roman Imperial coinage.&nbsp; It&#039;s probably the most commonly collected area within ancients.&nbsp; My point being that if you understand a few key things; eye appeal, what&#039;s a popular market and what isn&#039;t, the relationship between precious metals and the numismatic value of coins, you may not make money...but your chances of doing alright on your investment improve greatly.&nbsp; And if you get lucky and time the market right, you just might turn a profit.[/QUOTE]</p><p><br /></p>

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