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In the US, do you feel world coins are a good buy?
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<p>[QUOTE="mlov43, post: 1977944, member: 16729"]Hiddendragon has the best idea: Buy low-price-per-coin bulk. Resell individually at 5-10X what you paid. Notice that he does this with mostly low-value coins.</p><p><br /></p><p>I have bought some key-date world coins for $5 to $25 at coin shows that take place in the basement of some VFW, Lutheran church, or some ghetto ballroom, and have turned them around at ebay for $100 to $180 before. I've done that on at least seven occasions in the past five years. </p><p><br /></p><p>But what does that require? It requires knowledge of your coins (in my case specializing in one country), nobody else nosing through the same shows looking for those same zingers(!), and sellers who have (usually decades-old) inventory, but who don't know world coins, don't care to go through the trouble to find out actual values, and have little regard for those coins that don't quicken their own little hearts. It requires profoundly inaccurate Krause catalog price listings for those coins. I also found it ESSENTIAL to have buyers in the country you specialize in (or people here from that ethnic community) who are willing to bid your listings up because the same coins are either non-existent or impossible to find in that grade where they live.</p><p><br /></p><p>Oh, and you need luck. I think that basically explains 99% of my success in buying way low and selling way high.[/QUOTE]</p><p><br /></p>
[QUOTE="mlov43, post: 1977944, member: 16729"]Hiddendragon has the best idea: Buy low-price-per-coin bulk. Resell individually at 5-10X what you paid. Notice that he does this with mostly low-value coins. I have bought some key-date world coins for $5 to $25 at coin shows that take place in the basement of some VFW, Lutheran church, or some ghetto ballroom, and have turned them around at ebay for $100 to $180 before. I've done that on at least seven occasions in the past five years. But what does that require? It requires knowledge of your coins (in my case specializing in one country), nobody else nosing through the same shows looking for those same zingers(!), and sellers who have (usually decades-old) inventory, but who don't know world coins, don't care to go through the trouble to find out actual values, and have little regard for those coins that don't quicken their own little hearts. It requires profoundly inaccurate Krause catalog price listings for those coins. I also found it ESSENTIAL to have buyers in the country you specialize in (or people here from that ethnic community) who are willing to bid your listings up because the same coins are either non-existent or impossible to find in that grade where they live. Oh, and you need luck. I think that basically explains 99% of my success in buying way low and selling way high.[/QUOTE]
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