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<p>[QUOTE=&quot;Otis2u, post: 3345280, member: 100666&quot;]We’ll overall I’d have to most certainly agree with almost all the post here on the subject. </p><p>However I really can only validate experiences I’ve personally encountered with making some true big dollar profits in selling coins. And may I add, I still consider myself nothing more then a amateur.</p><p>Maybe it’s just because of the locale I reside in, (Northern Mn.), or the gullibility and decision making of certain individuals? But, I attend auctions as much as possible. Not saying coin auction always but general Estate Auctions, etc. And quite often one will discover on the auction bill that old coins and or currency will be listed within the auction bill flyer. Well I very quickly discovered that absolutely every single coin or currency item(s) would be auctioned and totally undeserving (HIGH) prices were always achieved for the final bid. Common examples as follows:</p><p>Any and all common date Morgan or Peace Dollars, minumin $30-$70.00 each with a grade between VG-3 to VF30, 10 mixed dimes of Merc’s -Rosev, AG4-F, $27.00, a mixed bag of 55 Wheat Cents-dates from 1940’s-1950,s $13.00</p><p>One should get the idea, it just goes on and on for any and all coins/currency. Absolutely ridiculous bidding prices for even dateless Buffalo Nickels. </p><p>So, I have, and continue to periodically consigned some coins I’ve purchased elsewhere, letting whomever bid and pay for them, regardless of what they may bring with a “No Reserve” bid. </p><p>I don’t consider this as taking advantage of anyone in anyway, form or manner. The coins/currency are always open for hands on inspection and viewing for many many hours prior to auction start. </p><p>Needless to say I’ve done extremely well when the hammer price fell. Maybe it’s the excitement of the auction and getting overwhelmed in the bidding process for these people, I don’t know? But when all’s said and done and I receive my check form the auction company, minus their commission, I’m a very happy seller, maybe in awe but with a considerable fatter wallet. </p><p>So yes, it’s very possible a individual (May) make a decent profit from the buying and selling of coins and currency. Like most anything being bought and sold, it’s worth whatever someone wishes to pay for such? I been extremely fortunate, taking my (HUGE) profits and invest in coins of my choosing for my personal collection. But be careful if you try what has thus far worked out excellent for me, one never really knows just which way that final hammer may fall? Just saying!!![/QUOTE]</p><p><br /></p>

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