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<p>[QUOTE="samclemens3991, post: 2691315, member: 82181"]I have an odd relationship with selling coins.</p><p>When I was 18 I was one of those people who made a killing off the Hunt brothers. My best friend brow beat me into selling much of my collection. His reward? I treated him like dirt for month's and it ended with me throwing him out of our dorm room. His parting shot was, "So tell me this big shot. what kind of coin dealer can't sell coins!"</p><p>Mike was the one person who new about my grand plan to get a business degree and become a coin dealer. It was a direct hit. That was when I learned I was a hobby guy.</p><p>I have sold several coins over the decades, but to do it on a daily basis? not when I realized how attached I get to coins.</p><p> Jump forward about ten years. We had two tragic things happen at once. My very pregnant wife became very ill and my oldest child failed an eye test at school. In a two month period we spent all our time and money trying to save the life of my wife and unborn child. We saved my wife.</p><p> Dead broke we are told by an eye doctor that Allison will go completely blind if she does not have an operation within the next three months. Our Insurance provider disputes the diagnosis and has 90 days to ponder an appeal. The hospital says I am self employed so to schedule an operation I will have to provide 50% of the payment in advance. It is an 8,000 dollar operation.</p><p> Everyone and all turn us down for equity loans, personal loans, credit card deals. I take every slabbed coin I own and send them to a national dealer. </p><p> I can still remember the dealer having a breezy chat with me about coins. My hand was shaking so bad I missed every third word. Then he apologized and said all he could offer me was such and such. I dropped the phone and had to make him repeat it. it was enough to pay for Allison's operation and keep us financially afloat for another month or two.</p><p> Over the years I have made several collections. If I had to guess I have broke even 40% of the time. Made money 30%, lost money 30%. I just know I am a hobby guy and except for a rare occasion or two have never really worried about the money as much as I just enjoy the hobby. Life is strange. I will never know if my plan to flip Morgan dollars for a profit and invest in Bust dollars would have actually worked. I was smarter at 18.....[/QUOTE]</p><p><br /></p>
[QUOTE="samclemens3991, post: 2691315, member: 82181"]I have an odd relationship with selling coins. When I was 18 I was one of those people who made a killing off the Hunt brothers. My best friend brow beat me into selling much of my collection. His reward? I treated him like dirt for month's and it ended with me throwing him out of our dorm room. His parting shot was, "So tell me this big shot. what kind of coin dealer can't sell coins!" Mike was the one person who new about my grand plan to get a business degree and become a coin dealer. It was a direct hit. That was when I learned I was a hobby guy. I have sold several coins over the decades, but to do it on a daily basis? not when I realized how attached I get to coins. Jump forward about ten years. We had two tragic things happen at once. My very pregnant wife became very ill and my oldest child failed an eye test at school. In a two month period we spent all our time and money trying to save the life of my wife and unborn child. We saved my wife. Dead broke we are told by an eye doctor that Allison will go completely blind if she does not have an operation within the next three months. Our Insurance provider disputes the diagnosis and has 90 days to ponder an appeal. The hospital says I am self employed so to schedule an operation I will have to provide 50% of the payment in advance. It is an 8,000 dollar operation. Everyone and all turn us down for equity loans, personal loans, credit card deals. I take every slabbed coin I own and send them to a national dealer. I can still remember the dealer having a breezy chat with me about coins. My hand was shaking so bad I missed every third word. Then he apologized and said all he could offer me was such and such. I dropped the phone and had to make him repeat it. it was enough to pay for Allison's operation and keep us financially afloat for another month or two. Over the years I have made several collections. If I had to guess I have broke even 40% of the time. Made money 30%, lost money 30%. I just know I am a hobby guy and except for a rare occasion or two have never really worried about the money as much as I just enjoy the hobby. Life is strange. I will never know if my plan to flip Morgan dollars for a profit and invest in Bust dollars would have actually worked. I was smarter at 18.....[/QUOTE]
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