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I have lost money on every coin i have ever purchased.
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<p>[QUOTE="BooksB4Coins, post: 1661847, member: 36230"]May I ask if you are buying for profit or simply as part of your collecting experience? </p><p><br /></p><p>In regards to the dealer sending an $11 check; if you've done business with this guy before and found him to be fair, I can only assume the coins were culls, but you still should have had some sort of understanding before giving him the coins. As Beef has already said; buying from dealers to sell to dealers is usually a losing plan unless you truly know what you are doing and/or are able to provide a valuable service. I mean no disrespect in saying this, but if you've lost money on every single coin you've bought over the last five years and are not buying for collecting enjoyment, it is probably time to stop, at least until you are able to do so without throwing money down the drain.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>It is worth noting that not every dealer runs off to ebay with every low-value coin they buy. He very well may bulk/wholesale out to another dealer at nowhere near your assumed $20-$30 each. Other than the OP's definition of "nice detail" on a few, we know nothing about the coins in question, and without the whole story (from both sides) there is not valid reason to assume the worst.</p><p><br /></p><p>Regardless, I am quite sure that the OP probably could have gotten more elsewhere, but he made the decision to knowingly sell to a dealer without any price stipulations, so hopefully he will see this as a learning experience. This is not to say the price paid was fair, but we simply do not know the dealer, his market, or his plans for the coins.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Interesting.....[/QUOTE]</p><p><br /></p>
[QUOTE="BooksB4Coins, post: 1661847, member: 36230"]May I ask if you are buying for profit or simply as part of your collecting experience? In regards to the dealer sending an $11 check; if you've done business with this guy before and found him to be fair, I can only assume the coins were culls, but you still should have had some sort of understanding before giving him the coins. As Beef has already said; buying from dealers to sell to dealers is usually a losing plan unless you truly know what you are doing and/or are able to provide a valuable service. I mean no disrespect in saying this, but if you've lost money on every single coin you've bought over the last five years and are not buying for collecting enjoyment, it is probably time to stop, at least until you are able to do so without throwing money down the drain. It is worth noting that not every dealer runs off to ebay with every low-value coin they buy. He very well may bulk/wholesale out to another dealer at nowhere near your assumed $20-$30 each. Other than the OP's definition of "nice detail" on a few, we know nothing about the coins in question, and without the whole story (from both sides) there is not valid reason to assume the worst. Regardless, I am quite sure that the OP probably could have gotten more elsewhere, but he made the decision to knowingly sell to a dealer without any price stipulations, so hopefully he will see this as a learning experience. This is not to say the price paid was fair, but we simply do not know the dealer, his market, or his plans for the coins. Interesting.....[/QUOTE]
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I have lost money on every coin i have ever purchased.
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