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I have lost money on every coin i have ever purchased.
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<p>[QUOTE="Kirkuleez, post: 1664902, member: 36864"]I can't understand why someone that is not interested in coins would try to sell coins in the firt place, but maybe he thought there was a good chance of success. </p><p><br /></p><p>But there are several things that you can do to earn money selling coins. Obviously the current buisness model is not working, so try another method. I know a few sellers that simply market date runs of modern coins of rolls that they have squirrled away. Many collectors, including myself, aren't very interested in modern coins but like to keep their collections up to date. The easiest way for me to do this is to buy a five year or so date run at a small premium off of ebay and update my albums. Maybe not the smartest way of collecting, but for me it works and leaves time to persue the older, rarer coins that I like.</p><p><br /></p><p>Another way is to simply market coins that another dealer owns. Just mark up the price a bit, hope someone bites, then buy it from the dealer and ship it out. You can also use this method with common mint products, just be careful that shipping dates are not too far away. Using this method, you can sell coins that you don't have to buy until they are sold.</p><p><br /></p><p>A more complicated way is to study market trends. For example, when the statehood quarters came out, older quarters in the series skyrocketed in value because all of the new collectors wanted to collect the entire collection. This is a really obvious example, but you get the point.</p><p><br /></p><p>People that say that there is no way to be a collector and profit on coins at the same time are, in my mind, uninformed. There is plenty of money to be made buying and selling coins if done properly. We know that this is the case or there would be no dealers at all. </p><p><br /></p><p>Good luck![/QUOTE]</p><p><br /></p>
[QUOTE="Kirkuleez, post: 1664902, member: 36864"]I can't understand why someone that is not interested in coins would try to sell coins in the firt place, but maybe he thought there was a good chance of success. But there are several things that you can do to earn money selling coins. Obviously the current buisness model is not working, so try another method. I know a few sellers that simply market date runs of modern coins of rolls that they have squirrled away. Many collectors, including myself, aren't very interested in modern coins but like to keep their collections up to date. The easiest way for me to do this is to buy a five year or so date run at a small premium off of ebay and update my albums. Maybe not the smartest way of collecting, but for me it works and leaves time to persue the older, rarer coins that I like. Another way is to simply market coins that another dealer owns. Just mark up the price a bit, hope someone bites, then buy it from the dealer and ship it out. You can also use this method with common mint products, just be careful that shipping dates are not too far away. Using this method, you can sell coins that you don't have to buy until they are sold. A more complicated way is to study market trends. For example, when the statehood quarters came out, older quarters in the series skyrocketed in value because all of the new collectors wanted to collect the entire collection. This is a really obvious example, but you get the point. People that say that there is no way to be a collector and profit on coins at the same time are, in my mind, uninformed. There is plenty of money to be made buying and selling coins if done properly. We know that this is the case or there would be no dealers at all. Good luck![/QUOTE]
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I have lost money on every coin i have ever purchased.
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