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<p>[QUOTE="Speedy, post: 597807, member: 705"]Then you aren't ready to do this - also you need to learn as much as you can about problem and fake coins. Learn how to spot cleaned coins, and then learn more. Once you have a basic understanding of those, you will be closer to being ready.</p><p><br /></p><p>Now I've been collecting for a few years....I think 8+, and in those 8 years I've really only done what you are talking about twice, and I haven't sold the 2nd one yet <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>First was a 1926-S Nickel in a PCI Slab graded F-15. I looked at it and noticed that it was a weakly struck coin and should have graded VF. This was back when a F was going for $100 and VF for around $400. I bought it at $120 and sent it to NGC where it came back as VF20.</p><p>I later sold it to DLRC for around $320 (IIRC). </p><p><br /></p><p>The next coin is a 1962-D Half Dollar - I bought it as part of a roll for spot (so back then...about $5/coin) and thought it looked REALLY nice and sent it to NGC. It came back as an MS65FBL. Last time I checked those were selling for around $400 as well, but since I collect these things, I'm not selling.</p><p><br /></p><p>The key to this type of thing is knowlege - On the last one I just got "lucky", but on the 1926-S it was a knowledge of the date, mintmark, and the normal strike for that date/mint that helped me make about $200.</p><p><br /></p><p>Speedy[/QUOTE]</p><p><br /></p>
[QUOTE="Speedy, post: 597807, member: 705"]Then you aren't ready to do this - also you need to learn as much as you can about problem and fake coins. Learn how to spot cleaned coins, and then learn more. Once you have a basic understanding of those, you will be closer to being ready. Now I've been collecting for a few years....I think 8+, and in those 8 years I've really only done what you are talking about twice, and I haven't sold the 2nd one yet ;) First was a 1926-S Nickel in a PCI Slab graded F-15. I looked at it and noticed that it was a weakly struck coin and should have graded VF. This was back when a F was going for $100 and VF for around $400. I bought it at $120 and sent it to NGC where it came back as VF20. I later sold it to DLRC for around $320 (IIRC). The next coin is a 1962-D Half Dollar - I bought it as part of a roll for spot (so back then...about $5/coin) and thought it looked REALLY nice and sent it to NGC. It came back as an MS65FBL. Last time I checked those were selling for around $400 as well, but since I collect these things, I'm not selling. The key to this type of thing is knowlege - On the last one I just got "lucky", but on the 1926-S it was a knowledge of the date, mintmark, and the normal strike for that date/mint that helped me make about $200. Speedy[/QUOTE]
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