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I have lost money on every coin i have ever purchased.
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<p>[QUOTE="bg35765, post: 1664253, member: 42710"]This isn't 1990. It doesn't matter how small your town is, we all have access to buy and sell coins in a way that was not available 20 years ago.</p><p><br /></p><p>On the buy side the best/easiest source of coins is the US Mint. You pay no sales tax and no matter how much you buy shipping is $5. You have easy access to weekly sales reports to track current sales, as well as easy access to historical mintage tables to give you an idea of relative rarity.</p><p><br /></p><p>Also on the buy side you have ebay. Of course for a well-marketed coin it is going to be difficult to make money because of the fees and shipping costs. But there are deals to be had on coins with blurry pictures and/or bad descriptions.</p><p><br /></p><p>On the sell side there is ebay again. Yes they charge a fairly substantial fee, but it is worth it for access to an entire nation of consumers. And there is also this forum. It is a much smaller group of people, but if you take your expected ebay price and discount most of the ebay fee there is a good chance you could find a buyer here.</p><p><br /></p><p>I haven't been doing this long, but I have had a couple of wins. I doubled my money on some 2012 S Hawaii quarter rolls. Last Friday I bought a box of 20 2012 W Burnished Silver Eagles PCGS MS69 for $999 shipped within hours of the individual coin selling out. I haven't sold any, but I have seen them either disappear from some websites or have seen the individual prices increase from $55 to $70 so I think I will be in good shape on those.</p><p><br /></p><p>I also bought a set of 2012 Gold Eagle proofs. Those have held their value despite the price of gold dropping since they sold out. Admittedly I would lose money if I had to sell them now, but I bought them with the intention of holding them for 5 to 10 years or longer.[/QUOTE]</p><p><br /></p>
[QUOTE="bg35765, post: 1664253, member: 42710"]This isn't 1990. It doesn't matter how small your town is, we all have access to buy and sell coins in a way that was not available 20 years ago. On the buy side the best/easiest source of coins is the US Mint. You pay no sales tax and no matter how much you buy shipping is $5. You have easy access to weekly sales reports to track current sales, as well as easy access to historical mintage tables to give you an idea of relative rarity. Also on the buy side you have ebay. Of course for a well-marketed coin it is going to be difficult to make money because of the fees and shipping costs. But there are deals to be had on coins with blurry pictures and/or bad descriptions. On the sell side there is ebay again. Yes they charge a fairly substantial fee, but it is worth it for access to an entire nation of consumers. And there is also this forum. It is a much smaller group of people, but if you take your expected ebay price and discount most of the ebay fee there is a good chance you could find a buyer here. I haven't been doing this long, but I have had a couple of wins. I doubled my money on some 2012 S Hawaii quarter rolls. Last Friday I bought a box of 20 2012 W Burnished Silver Eagles PCGS MS69 for $999 shipped within hours of the individual coin selling out. I haven't sold any, but I have seen them either disappear from some websites or have seen the individual prices increase from $55 to $70 so I think I will be in good shape on those. I also bought a set of 2012 Gold Eagle proofs. Those have held their value despite the price of gold dropping since they sold out. Admittedly I would lose money if I had to sell them now, but I bought them with the intention of holding them for 5 to 10 years or longer.[/QUOTE]
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I have lost money on every coin i have ever purchased.
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