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<p>[QUOTE="Lehigh96, post: 766338, member: 15309"]BNB,</p><p><br /></p><p>I think that Krispy has a point. In order to be successful buying from Heritage and selling on E-Bay, it would seem logical that you would have to develop a niche in a certain area. I will give you a few examples.</p><p><br /></p><p><br /></p><ul> <li><b>Slider Cracker</b>: These E-Bay sellers buy up nice AU58 slabbed examples, crack them out, and then sell them to unsuspecting E-Bayers. The problem with this niche is that it is unethical and sooner or later the feedback ratings will come back to haunt you and your success.</li> <li><b>Photographer</b>: I know several of these sellers on E-Bay. They focus mainly on toned coins since that is Heritage's weakness. They will also purchase many coins from DLRC, Teletrade, and other E-Bay auctions with poor photos. This can be a very lucrative selling method for those that have a firm grasp on the toned coin market and excellent photography skills. If I was going to attempt to make money selling on E-Bay, this is what I would do. The risks are overpaying for the toned material and resorting to juicing photos in order to break even or profit. Once the juicing starts, it is like crack (addictive), and sooner or later the feedback ratings will come back to haunt you and your success.</li> <li><b>VAM man</b>: These sellers search the Heritage inventory and their enormous photos endlessly for unattributed VAM's in PCGS & NGC holders and then sell them properly attributed on E-Bay to variety collectors. This requires expert knowledge of varieties and patience to find them. Once found, the seller must decide whether or not to have the variety attributed by the TPG. If you chose that option it increases costs and cuts into profit. If you pass, sooner or later sellers will dispute your attributions and the feedback ratings will come back to haunt you and your success.</li> <li><b>Series Expert: </b> E-Bay is full of sellers who specialize in a particular series. Finding new material is completely dependent upon have a greater in depth knowledge of that series and pouncing on an opportunity to obtain a coin that will realize a profit. The problem is that the profit margins are very low and as a result turnover times will be longer requiring a much larger initial cash investment than the other niches.</li> </ul><p>Whether you choose one of the options above or develop your own plan, I hope you realize that in order to succeed, you must have a plan. Walking blindly into this venture will result in inevitable failure. That inevitable failure by the way is the reason for all of the popcorn comments in this thread.</p><p><br /></p><p>I wish you well but know this.:secret: Despite my experience in Numismatics and my photography skills, I would rather play professional poker for a living than try to sell coins on E-Bay for a profit.</p><p><br /></p><p>Paul[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 766338, member: 15309"]BNB, I think that Krispy has a point. In order to be successful buying from Heritage and selling on E-Bay, it would seem logical that you would have to develop a niche in a certain area. I will give you a few examples. [LIST] [*][B]Slider Cracker[/B]: These E-Bay sellers buy up nice AU58 slabbed examples, crack them out, and then sell them to unsuspecting E-Bayers. The problem with this niche is that it is unethical and sooner or later the feedback ratings will come back to haunt you and your success. [*][B]Photographer[/B]: I know several of these sellers on E-Bay. They focus mainly on toned coins since that is Heritage's weakness. They will also purchase many coins from DLRC, Teletrade, and other E-Bay auctions with poor photos. This can be a very lucrative selling method for those that have a firm grasp on the toned coin market and excellent photography skills. If I was going to attempt to make money selling on E-Bay, this is what I would do. The risks are overpaying for the toned material and resorting to juicing photos in order to break even or profit. Once the juicing starts, it is like crack (addictive), and sooner or later the feedback ratings will come back to haunt you and your success. [*][B]VAM man[/B]: These sellers search the Heritage inventory and their enormous photos endlessly for unattributed VAM's in PCGS & NGC holders and then sell them properly attributed on E-Bay to variety collectors. This requires expert knowledge of varieties and patience to find them. Once found, the seller must decide whether or not to have the variety attributed by the TPG. If you chose that option it increases costs and cuts into profit. If you pass, sooner or later sellers will dispute your attributions and the feedback ratings will come back to haunt you and your success. [*][B]Series Expert: [/B] E-Bay is full of sellers who specialize in a particular series. Finding new material is completely dependent upon have a greater in depth knowledge of that series and pouncing on an opportunity to obtain a coin that will realize a profit. The problem is that the profit margins are very low and as a result turnover times will be longer requiring a much larger initial cash investment than the other niches. [/LIST] Whether you choose one of the options above or develop your own plan, I hope you realize that in order to succeed, you must have a plan. Walking blindly into this venture will result in inevitable failure. That inevitable failure by the way is the reason for all of the popcorn comments in this thread. I wish you well but know this.:secret: Despite my experience in Numismatics and my photography skills, I would rather play professional poker for a living than try to sell coins on E-Bay for a profit. Paul[/QUOTE]
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