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I have lost money on every coin i have ever purchased.
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<p>[QUOTE="DRK, post: 1675433, member: 28210"]Any collectable-items shop has to make a profit. The only way of making money buying and selling such items, is paying the lowest possible price and charging the highest possible later. In my own experience, at least in Argentina, you can feel lucky if you get paid the 50% of the market value. So, like someone else said before: you will never make any money buying and selling to shops/dealers.</p><p><br /></p><p>If you get to the coin collecting hobby. You have to decide whether you want to collect coins or make money. If you are up to the first, then you will spend money for building a collection. If you are smart, you will loose little to nothing. Because you will have coins which are worth what you have paid. Of course, even the smartest will loose some money in the process. Besides, you are going to spend money in cataloging and packaging too. That will be the price of your hobby.</p><p><br /></p><p>If you want to earn money, you can't be a collector, you have to be a dealer. You have to buy low and sell high. And you have to buy and sell what is worth to the business instead of what is worth for a specific collection.</p><p><br /></p><p>I have 550 coins in my collection, I have just paid for less than ten of them. The rest are gifts, mostly. Coins I have found somewhere. Of course, my collection hasn't any real valuable items. I have not gold nor plate coins. I haven't bought many coins yet. Because I want to pay a reasonable price, and that takes a lot of learning.[/QUOTE]</p><p><br /></p>
[QUOTE="DRK, post: 1675433, member: 28210"]Any collectable-items shop has to make a profit. The only way of making money buying and selling such items, is paying the lowest possible price and charging the highest possible later. In my own experience, at least in Argentina, you can feel lucky if you get paid the 50% of the market value. So, like someone else said before: you will never make any money buying and selling to shops/dealers. If you get to the coin collecting hobby. You have to decide whether you want to collect coins or make money. If you are up to the first, then you will spend money for building a collection. If you are smart, you will loose little to nothing. Because you will have coins which are worth what you have paid. Of course, even the smartest will loose some money in the process. Besides, you are going to spend money in cataloging and packaging too. That will be the price of your hobby. If you want to earn money, you can't be a collector, you have to be a dealer. You have to buy low and sell high. And you have to buy and sell what is worth to the business instead of what is worth for a specific collection. I have 550 coins in my collection, I have just paid for less than ten of them. The rest are gifts, mostly. Coins I have found somewhere. Of course, my collection hasn't any real valuable items. I have not gold nor plate coins. I haven't bought many coins yet. Because I want to pay a reasonable price, and that takes a lot of learning.[/QUOTE]
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What's it Worth
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I have lost money on every coin i have ever purchased.
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