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I have lost money on every coin i have ever purchased.
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<p>[QUOTE="Gallienus, post: 1673419, member: 42034"]Usually this happens, with coins dealers in my experience. I'll give one example. In 1999 we bought a house & I decided to sell some of my US coins. There was a full run of US gold, both Indian types & liberties, ranging from gold $1 to $20, except for my $10 pieces which I decided to keep. The Indian half eagle was a hand-picked ms-62 but all the rest were 63 & 64 grade slabs with one of the $20's being said to be actually an ms-65 & in need of reslabbing. In addition there was a collection of Bust, Seated, and Barber halves with the minimum grade being slabbed 63 and some of the pieces being much nicer & better dates. I brought them to a major coin dealer & was offered $2,000 for everything! </p><p><br /></p><p>I ended up consigning them to auction, some of the $20's & gold dollars & seated halves did NOT sell and were returned to me. Of those coins that did sell, after auction commissions were deducted I got around $10,000 which was a fair price at the time.[/QUOTE]</p><p><br /></p>
[QUOTE="Gallienus, post: 1673419, member: 42034"]Usually this happens, with coins dealers in my experience. I'll give one example. In 1999 we bought a house & I decided to sell some of my US coins. There was a full run of US gold, both Indian types & liberties, ranging from gold $1 to $20, except for my $10 pieces which I decided to keep. The Indian half eagle was a hand-picked ms-62 but all the rest were 63 & 64 grade slabs with one of the $20's being said to be actually an ms-65 & in need of reslabbing. In addition there was a collection of Bust, Seated, and Barber halves with the minimum grade being slabbed 63 and some of the pieces being much nicer & better dates. I brought them to a major coin dealer & was offered $2,000 for everything! I ended up consigning them to auction, some of the $20's & gold dollars & seated halves did NOT sell and were returned to me. Of those coins that did sell, after auction commissions were deducted I got around $10,000 which was a fair price at the time.[/QUOTE]
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I have lost money on every coin i have ever purchased.
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