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<p>[QUOTE=&quot;princeofwaldo, post: 1604525, member: 24091&quot;]I believe if you adhered to Krause pricing every time you bought a coin, and achieved a combination of Heritage and eBay price realized when selling, you would be making money on 60% to 70% of the coins you flipped, and breaking even on 15% to 20% of the remainder.&nbsp; And of course there would be that handful of coins, no matter how well intentioned, that you got absolutely killed on.&nbsp; Still, over time, it would be a very profitable venture.&nbsp; Buy at catalog, sell at price realized.&nbsp; Not a chance anyone would succeed 100% of the time, but if you prevailed more than half the time you would still be making money.&nbsp; Trouble is, most of the coins listed for sale in fixed price lists or raw in dealer inventory typically have some sort of issue.&nbsp; Many coins in slabs have problems too.&nbsp;&nbsp; Uncirculated, BUT with that little rim cut or some other minor problem pulling down the coin&#039;s value.&nbsp; The longer I have been at this game, the more I come to appreciate that a problem-free coin is rather the exception than the rule.&nbsp;&nbsp; If you can find a nice attractive UNC with solid collector appeal, priced at below Krause (at one time 20 years ago most dealers sold at 20% UNDER catalog) and without any problems, it&#039;s almost a sure thing to make some money on it.&nbsp; Of course there is some economics of scale involved in it as well, --essentially we are talking about coins worth at least $50 or more.&nbsp; For modern stuff in base metal there is no telling what it&#039;s really worth, much as a few others have shared.[/QUOTE]</p><p><br /></p>

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