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I have lost money on every coin i have ever purchased.
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<p>[QUOTE="beef1020, post: 1664355, member: 24544"]The coins you have posted pictures of are junk bin coins. A dealer is going to put them in their junk bin and sell for $10. So the dealer is going to make $9 off each coin, but the dealer has rent to cover, employees to pay, and a profit to make. In general, the more the coins are worth, the larger a percentage of the value you will get. On a $10 coin the dealer will pay you $1, so you get 10% of the value because the dealer is only going to make $9, but on a $500 coin you may get 80% of the value because it still leave $100 for the dealer. </p><p><br /></p><p>Keep in mind the dealer is also doing all the work. If you want to do the work, then put it up on ebay and you may get $5 per coin. However, you will have to take the time to take good photos, list the coins, package and ship the coins, and dealer with returns. This all takes time which is why dealers pay less, their time is worth money.</p><p><br /></p><p>As far as selling to collectors go, the coins you have posted are of very little interest to collectors. In many cases your coins are dateless, beat up, or otherwise very low quality. Quality is king when it comes to selling coins, it makes coins sell for higher values and sell quicker. If you think you could have done better on ebay, then you should have tried to sell them yourself. But, if you search completed auction listings of similar coins you would know your coins are not worth $10-$20, you will find them selling in the $5 range:</p><p><br /></p><p><a href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2F1803-DRAPED-BUST-LARGE-CENT-EARLY-TYPE-%2F390558433102%3Fpt%3DCoins_US_Individual%26hash%3Ditem5aef18bf4e" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2F1803-DRAPED-BUST-LARGE-CENT-EARLY-TYPE-%2F390558433102%3Fpt%3DCoins_US_Individual%26hash%3Ditem5aef18bf4e" rel="nofollow">http://www.ebay.com/itm/1803-DRAPED-BUST-LARGE-CENT-EARLY-TYPE-/390558433102?pt=Coins_US_Individual&hash=item5aef18bf4e</a></p><p><a href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2FUS-Large-Cent-Draped-Bust-1796-to-1807-%2F181097816756%3Fpt%3DCoins_US_Individual%26hash%3Ditem2a2a4562b4" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2FUS-Large-Cent-Draped-Bust-1796-to-1807-%2F181097816756%3Fpt%3DCoins_US_Individual%26hash%3Ditem2a2a4562b4" rel="nofollow">http://www.ebay.com/itm/US-Large-Cent-Draped-Bust-1796-to-1807-/181097816756?pt=Coins_US_Individual&hash=item2a2a4562b4</a></p><p><a href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2F1803-DRAPED-BUST-LARGE-CENT-SMALL-DATE-210-YEARS-OLD-%2F350710854061%3Fpt%3DCoins_US_Individual%26hash%3Ditem51a7fef1ad" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2F1803-DRAPED-BUST-LARGE-CENT-SMALL-DATE-210-YEARS-OLD-%2F350710854061%3Fpt%3DCoins_US_Individual%26hash%3Ditem51a7fef1ad" rel="nofollow">http://www.ebay.com/itm/1803-DRAPED-BUST-LARGE-CENT-SMALL-DATE-210-YEARS-OLD-/350710854061?pt=Coins_US_Individual&hash=item51a7fef1ad</a></p><p><a href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2FDraped-Bust-Large-Cent-No-Date-%2F321076377082%3Fpt%3DCoins_US_Individual%26hash%3Ditem4ac1a4b5fa" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2FDraped-Bust-Large-Cent-No-Date-%2F321076377082%3Fpt%3DCoins_US_Individual%26hash%3Ditem4ac1a4b5fa" rel="nofollow">http://www.ebay.com/itm/Draped-Bust-Large-Cent-No-Date-/321076377082?pt=Coins_US_Individual&hash=item4ac1a4b5fa</a></p><p><a href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2F1803-DRAPED-BUST-Large-Cent-%2F150998977194%3Fpt%3DCoins_US_Individual%26hash%3Ditem23283d8aaa" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2F1803-DRAPED-BUST-Large-Cent-%2F150998977194%3Fpt%3DCoins_US_Individual%26hash%3Ditem23283d8aaa" rel="nofollow">http://www.ebay.com/itm/1803-DRAPED-BUST-Large-Cent-/150998977194?pt=Coins_US_Individual&hash=item23283d8aaa</a></p><p><a href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2F1807-Draped-Bust-Large-Cent-Filler-%2F121069562924%3Fpt%3DCoins_US_Individual%26hash%3Ditem1c304eec2c" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2F1807-Draped-Bust-Large-Cent-Filler-%2F121069562924%3Fpt%3DCoins_US_Individual%26hash%3Ditem1c304eec2c" rel="nofollow">http://www.ebay.com/itm/1807-Draped-Bust-Large-Cent-Filler-/121069562924?pt=Coins_US_Individual&hash=item1c304eec2c</a></p><p><br /></p><p>Now onto the positive side. If this is something you are interested in doing it can be done. Ebay is a wonderful place to buy undervalued coins which can be sold for a profit, with one large caveat. You have to have knowledge, specialized to the area of the market you are trying to deal in. For large cents, this will require you to spend a couple hundred bucks on reference material and a lot of time studying the series. Then, once you have that knowledge, you will have to spend a couple hours a week looking at coins on ebay to find the undervalued coins, of which only a fraction of them you will buy because other knowledgeable people will also find them and drive the price up.</p><p><br /></p><p>From personal experience, and this is the area I collect, I look through roughly 4,000 to 5,000 large cents each week and usually find 10 coins of interest. Of those coins, I am usually only successful at buying 2-3 of them which I can sell for a profit. Here are some real world examples:</p><p><br /></p><p><a href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2F321065349359%3FssPageName%3DSTRK%3AMEWNX%3AIT%26_trksid%3Dp3984.m1439.l2649" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2F321065349359%3FssPageName%3DSTRK%3AMEWNX%3AIT%26_trksid%3Dp3984.m1439.l2649" rel="nofollow">http://www.ebay.com/itm/321065349359?ssPageName=STRK:MEWNX:IT&_trksid=p3984.m1439.l2649</a> - just sold in Baltimore to a dealer for $100 who will turn it around and still make a profit.</p><p><a href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2F200903916650%3FssPageName%3DSTRK%3AMEWAX%3AIT%26_trksid%3Dp3984.m1438.l2649" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2F200903916650%3FssPageName%3DSTRK%3AMEWAX%3AIT%26_trksid%3Dp3984.m1438.l2649" rel="nofollow">http://www.ebay.com/itm/200903916650?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649</a> - found and bid on, but got outbid by a friend. This is the kind of specialized knowledge you need, Do you know why this coin sold for close to $500?</p><p><a href="http://images.goldbergauctions.com/php/lot_auc.php?site=1&sale=72&lot=567" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://images.goldbergauctions.com/php/lot_auc.php?site=1&sale=72&lot=567" rel="nofollow">http://images.goldbergauctions.com/php/lot_auc.php?site=1&sale=72&lot=567</a> - I just sold this at auction, picked it up on ebay for around $30 a couple months ago. Again, this is the type of knowledge that will pay off.</p><p><br /></p><p>It can be done, and it can be done on the budget you have, but only if you are willing to put in the time to gain the knowledge and search for the coins. You can't just randomly buy things and expect to turn them around for a profit, you need an edge over other people that adds value.[/QUOTE]</p><p><br /></p>
[QUOTE="beef1020, post: 1664355, member: 24544"]The coins you have posted pictures of are junk bin coins. A dealer is going to put them in their junk bin and sell for $10. So the dealer is going to make $9 off each coin, but the dealer has rent to cover, employees to pay, and a profit to make. In general, the more the coins are worth, the larger a percentage of the value you will get. On a $10 coin the dealer will pay you $1, so you get 10% of the value because the dealer is only going to make $9, but on a $500 coin you may get 80% of the value because it still leave $100 for the dealer. Keep in mind the dealer is also doing all the work. If you want to do the work, then put it up on ebay and you may get $5 per coin. However, you will have to take the time to take good photos, list the coins, package and ship the coins, and dealer with returns. This all takes time which is why dealers pay less, their time is worth money. As far as selling to collectors go, the coins you have posted are of very little interest to collectors. In many cases your coins are dateless, beat up, or otherwise very low quality. Quality is king when it comes to selling coins, it makes coins sell for higher values and sell quicker. If you think you could have done better on ebay, then you should have tried to sell them yourself. But, if you search completed auction listings of similar coins you would know your coins are not worth $10-$20, you will find them selling in the $5 range: [URL="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2F1803-DRAPED-BUST-LARGE-CENT-EARLY-TYPE-%2F390558433102%3Fpt%3DCoins_US_Individual%26hash%3Ditem5aef18bf4e"]http://www.ebay.com/itm/1803-DRAPED-BUST-LARGE-CENT-EARLY-TYPE-/390558433102?pt=Coins_US_Individual&hash=item5aef18bf4e[/URL] [URL="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2FUS-Large-Cent-Draped-Bust-1796-to-1807-%2F181097816756%3Fpt%3DCoins_US_Individual%26hash%3Ditem2a2a4562b4"]http://www.ebay.com/itm/US-Large-Cent-Draped-Bust-1796-to-1807-/181097816756?pt=Coins_US_Individual&hash=item2a2a4562b4[/URL] [URL="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2F1803-DRAPED-BUST-LARGE-CENT-SMALL-DATE-210-YEARS-OLD-%2F350710854061%3Fpt%3DCoins_US_Individual%26hash%3Ditem51a7fef1ad"]http://www.ebay.com/itm/1803-DRAPED-BUST-LARGE-CENT-SMALL-DATE-210-YEARS-OLD-/350710854061?pt=Coins_US_Individual&hash=item51a7fef1ad[/URL] [URL="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2FDraped-Bust-Large-Cent-No-Date-%2F321076377082%3Fpt%3DCoins_US_Individual%26hash%3Ditem4ac1a4b5fa"]http://www.ebay.com/itm/Draped-Bust-Large-Cent-No-Date-/321076377082?pt=Coins_US_Individual&hash=item4ac1a4b5fa[/URL] [URL="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2F1803-DRAPED-BUST-Large-Cent-%2F150998977194%3Fpt%3DCoins_US_Individual%26hash%3Ditem23283d8aaa"]http://www.ebay.com/itm/1803-DRAPED-BUST-Large-Cent-/150998977194?pt=Coins_US_Individual&hash=item23283d8aaa[/URL] [URL="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2F1807-Draped-Bust-Large-Cent-Filler-%2F121069562924%3Fpt%3DCoins_US_Individual%26hash%3Ditem1c304eec2c"]http://www.ebay.com/itm/1807-Draped-Bust-Large-Cent-Filler-/121069562924?pt=Coins_US_Individual&hash=item1c304eec2c[/URL] Now onto the positive side. If this is something you are interested in doing it can be done. Ebay is a wonderful place to buy undervalued coins which can be sold for a profit, with one large caveat. You have to have knowledge, specialized to the area of the market you are trying to deal in. For large cents, this will require you to spend a couple hundred bucks on reference material and a lot of time studying the series. Then, once you have that knowledge, you will have to spend a couple hours a week looking at coins on ebay to find the undervalued coins, of which only a fraction of them you will buy because other knowledgeable people will also find them and drive the price up. From personal experience, and this is the area I collect, I look through roughly 4,000 to 5,000 large cents each week and usually find 10 coins of interest. Of those coins, I am usually only successful at buying 2-3 of them which I can sell for a profit. Here are some real world examples: [URL="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2F321065349359%3FssPageName%3DSTRK%3AMEWNX%3AIT%26_trksid%3Dp3984.m1439.l2649"]http://www.ebay.com/itm/321065349359?ssPageName=STRK:MEWNX:IT&_trksid=p3984.m1439.l2649[/URL] - just sold in Baltimore to a dealer for $100 who will turn it around and still make a profit. [URL="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fwww.ebay.com%2Fitm%2F200903916650%3FssPageName%3DSTRK%3AMEWAX%3AIT%26_trksid%3Dp3984.m1438.l2649"]http://www.ebay.com/itm/200903916650?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649[/URL] - found and bid on, but got outbid by a friend. This is the kind of specialized knowledge you need, Do you know why this coin sold for close to $500? [URL]http://images.goldbergauctions.com/php/lot_auc.php?site=1&sale=72&lot=567[/URL] - I just sold this at auction, picked it up on ebay for around $30 a couple months ago. Again, this is the type of knowledge that will pay off. It can be done, and it can be done on the budget you have, but only if you are willing to put in the time to gain the knowledge and search for the coins. You can't just randomly buy things and expect to turn them around for a profit, you need an edge over other people that adds value.[/QUOTE]
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I have lost money on every coin i have ever purchased.
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