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<p>[QUOTE="TypeCoin971793, post: 2915972, member: 78244"]These two things. I do buy and sell a bit on eBay and Facebook. I don't make enough to live on, but it pays for school and what I add to my collection. What I usually try to buy is quality material (key dates, VF-UNC US type coins, nice Chinese coins on the cheap), and these usually sell within a couple weeks of purchase. (One I sold and had the money in the bank before the check I wrote cleared.) This semester, I made the mistake of trying to get a wider inventory instead of just a nicer inventory, and many of the coins I bought I just barely broke even on, and some I lost money on. Some (about $200 worth) still have not sold. But I have made a net profit of $2000 this semester on the ones that did sell, so my mistakes are covered.</p><p><br /></p><p>If I had a larger inventory instead of just the stuff I can afford (I had an avereage of 30 coins for sale at any given time, only one of which cost more than $200), or had more time to devote to finding things to buy, I would probably increase my profit significantly.[/QUOTE]</p><p><br /></p>
[QUOTE="TypeCoin971793, post: 2915972, member: 78244"]These two things. I do buy and sell a bit on eBay and Facebook. I don't make enough to live on, but it pays for school and what I add to my collection. What I usually try to buy is quality material (key dates, VF-UNC US type coins, nice Chinese coins on the cheap), and these usually sell within a couple weeks of purchase. (One I sold and had the money in the bank before the check I wrote cleared.) This semester, I made the mistake of trying to get a wider inventory instead of just a nicer inventory, and many of the coins I bought I just barely broke even on, and some I lost money on. Some (about $200 worth) still have not sold. But I have made a net profit of $2000 this semester on the ones that did sell, so my mistakes are covered. If I had a larger inventory instead of just the stuff I can afford (I had an avereage of 30 coins for sale at any given time, only one of which cost more than $200), or had more time to devote to finding things to buy, I would probably increase my profit significantly.[/QUOTE]
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