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I think I paid way too much for this auction.
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<p>[QUOTE="NPCoin, post: 837687, member: 5629"]I took a look at the auction. First off, whenever buying for resale, do not expect an immediate turn around. You now have inventory, and should expect to hold on to it for a bit if you want to maximize your profits. However, you bought these sight-unseen, which makes it quite the gamble.</p><p><br /></p><p>Now, assuming that these coins are actually problem free (a big assumption since you did not even have photos of the reverse), then you should be able to realize greater than a 50% profit. That 24D may wholesale for up to $30 alone, depending on what the reverse is like and whether some of that discoloration is porous.</p><p><br /></p><p>That 22D may wholesale as high as $10. Again, there are the same stipulations with the reverse and its condition. The 12D has problems, but should still wholesale for a few dollars, and the 11Ds may be as high as $7 and $18, depending on the reverse and any problems found in-hand. The 10S may bring up to $10, and the 09's a few bucks. The VDB would wholesale about $10.</p><p><br /></p><p>So, you're looking at a wholesale matching your buy/shipped price already. And there are a number of coins that wholesale 20 cents or more in the lot.</p><p><br /></p><p>If you are expecting a profit, you have to be patient and watch out for venue and money processing fees. And, again, seeing problems in-hand and the reverse conditions will play a key in your values as well. Good luck![/QUOTE]</p><p><br /></p>
[QUOTE="NPCoin, post: 837687, member: 5629"]I took a look at the auction. First off, whenever buying for resale, do not expect an immediate turn around. You now have inventory, and should expect to hold on to it for a bit if you want to maximize your profits. However, you bought these sight-unseen, which makes it quite the gamble. Now, assuming that these coins are actually problem free (a big assumption since you did not even have photos of the reverse), then you should be able to realize greater than a 50% profit. That 24D may wholesale for up to $30 alone, depending on what the reverse is like and whether some of that discoloration is porous. That 22D may wholesale as high as $10. Again, there are the same stipulations with the reverse and its condition. The 12D has problems, but should still wholesale for a few dollars, and the 11Ds may be as high as $7 and $18, depending on the reverse and any problems found in-hand. The 10S may bring up to $10, and the 09's a few bucks. The VDB would wholesale about $10. So, you're looking at a wholesale matching your buy/shipped price already. And there are a number of coins that wholesale 20 cents or more in the lot. If you are expecting a profit, you have to be patient and watch out for venue and money processing fees. And, again, seeing problems in-hand and the reverse conditions will play a key in your values as well. Good luck![/QUOTE]
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I think I paid way too much for this auction.
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