I need to make a lot of money fast

Im sure you've heard of the higher return, the higher risk?

well, 1000% for 6 weeks, would be a very high risk.

I have no idea what would yield those numbers though

 

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Doesn't seem too unreasonable to me in a year's time, but I don't think it would be easy in 6 weeks time. :hatch:

 

Do you think that if I were smart enough to predict the coin market (or any other market for that matter), I would be stupid enough to let anyone else in on my secret?

 

that jefferson spouse coin may do well by you

 

Canadian nickels (pre-1982) are selling for $0.10 each (or more). You can double your money on each one, a nickel at a time, but you have to recirculate the cupro-nickel and plated steel ones.

 

EDITED---lets not get into a flame war

 

Then here is what I would do----you have a pretty nice collection from what I've seen---sell it. If I remember right you did order some of the 2006-W Silver eagles...and you might have gotten a 3 piece Ann. Set from the mint...those will be killers right now. A 3 Piece set is selling for around $600 whereas the mint sold them for $100. If you had bought 10 of those sets, you would almost have the 10k needed.

Speedy

 

Sorry for the post..whoops! That was a lofty goal.
My regards, no harm meant.

 

You are in Brooklyn. Lots of banks. Start roll searching. From the stories I hear, try halves and pray you get lucky.

BTW; Get a bicycle for you trips. No gas costs and great exercise.

 

No offense intended mrbrklyn but if you have been examining the coin market for a "few weeks" and are sure you can make a killing then you should know how as well. People study the "coin market" for years and never quite figure it out.

Many have said it already but I'll repeat it. If any of us knew how to turn such an enormous return why would we share that secret? Hell, I'd be borrowing money to set me up for life not a stinkin' condo (as well as giving investors a nice profit).

I think we'd all like to make a lot of money fast if you get down to it. I had to take my dog to the emergency vet this weekend. $250 that I didn't expect but she's worth it (my only child). Suppose if I let her go and had a fool proof plan I could have $2500 in six weeks. Oh well, the dog is doing better.

I just ask one thing of you. Should you find the "magic formula" would you please share it with the class?

We all want to be rich.

clembo

 

last time people, its only about $425,

$175 can be a big difference

 

Buy one of everything. Sell everything 6 weeks later. Maybe you'll get lucky and something will be "hot" for some reason unrelated to the intrinsic value of the coin.

 

Yeah, they have certainly backed off their highs to about here.

To the OP, trying to get this kind of return is a very aggressive target, and as the potential return increases, so does the risk. I personally would not advise attempting this sort of investment with the goal of this return.

That said, I think the First Spousal Jefferson coins are going to be winners, but with the Mint order limits, you probably won't be able to generate the kind of cash that you are looking for.

 

Last I heard 425 was wholesale.

Now for the question at hand - all he needs to do for 6 weeks consecutively is make 46.78% profit per week - re-investing each week. Now all he needs is someone to wholesale coins to him. Not sure that is possible with a $1000. Of course something reasonable would be to make 20% profit for 13/14 weeks. See how easy it sounds. So all he has to do is send in $1000 worth of pocket change to SGS and he is on is way.

Hey something else you can do - tracked graded auctions for PCGS and NGC (maybe ANACs) for several weeks and see what the average profit is for an auction(assuming seller paid wholesale for the slabbed coins). You can do this using Heritage and Ebay. Then come back and tell us what the average percent profit was on the graded slabs. That would be an interesting number.

 

I could do it in a year.
But, I would diversify my dealings though.
Not only coins, but cars, guns and motorcycles.

I know, why don't I do it.
I'm asking myself that question, right now.
I guess I'm lazy.

 

I'm still waiting on my Spouse coins that I ordered five weeks ago so I wish I could help you. But the best with that thousand may be to search presidential dollar rolls as was mentioned for errors.

 

I agree with Mark, I think that was Wholesale. In some of the coin mag's the sets are still way up there!

Speedy

 

Ruben,

If you will pay for the trip to Alaska, I will bring my Gold Prospecting equipment along and we can split what we find!


Also, I have a friend that buys and sells Gold Mine Stock and he does very well at it! However, he has to babysit the Stock a lot and will not sit on it very long due to fear of waking up the next morning and finding out that Gold prices plummeted. As Gold prices usually fall soon after the Markets open in the mornings this is when he buys and when the prices peak in the afternoons before the Markets close, he usually sells. It seems that Gold and Silver prices always start gaining about this time of year and usually peaks in September with numerous small rises and small drops through January, then begin falling off and hit lows in April and May.

In case you are wondering, my friend retired 18 years ago from his fourth CEO position at a major Company! He has invested in Stocks for many years but became serious about Gold Mine Stocks about 6 years ago. If he cashed out right now, he would receive around 1.75 million dollars and that is after taxes!


Frank

 

My parents just got back from Alaska. They did some panning, and brought me back maybe $1 in gold flakes.