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<p>[QUOTE="Detecto92, post: 1392708, member: 75105"]Many times the phrase is said "their is no free lunch in numismatics".</p><p><br /></p><p>However I label the phrase as partially true. </p><p><br /></p><p>This is just my idea.</p><p><br /></p><p>Silver coins almost ALWAYS bring their melt price. Maybe unless it's a huge auction of $20,000 worth of silver coins. Then maybe money can be an issue. However it's usually better to buy on volume.</p><p><br /></p><p>So you can hardly ever find silver for less than melt, maybe unless:</p><p><br /></p><p>1. It's a world coin that is rarely seen, and not too many people know about it. However with millions of bidders on eBay, your chance of finding silver coins in auction for less than melt is very rare. </p><p><br /></p><p>2. It's a newly listed buy it now. The seller has no idea what it's worth. However they would be a fool to not know what it's worth, because if it's a common item such as a Morgan dollar, they can simply look it up. However sometimes you can find newly listed buy it nows for less than melt. But don't hold your breath, again it's a very rare shot.</p><p><br /></p><p>Indian head cents, Large cents, 20 cent pieces, etc. They usually bring their full value. Sometimes you can get a deal. I have once or twice in the past few months. However sometimes it can be a problem coin, which can be hard to spot for the untrained eye. </p><p><br /></p><p>So with all of the above, you have a very low chance of snagging a deal, but wait... there's more.</p><p><br /></p><p>The true cherry pickers are going to be looking in depth on the coin. Looking for die breaks, varieties, and such.</p><p><br /></p><p>If a cherry picker finds a large cent that is a scarce Sheldon variety, and no one else has spotted it, then maybe the can get a good deal on it.</p><p><br /></p><p>Where am I going with this?</p><p><br /></p><p>The more you know, the better chance of getting a valuable coin you have. If you know something that a lot of other people don't it's going to increase your chances even further.</p><p><br /></p><p>While I don't know a lot about coins, I have not yet learned how to truly cherry pick for things.</p><p><br /></p><p>So all this presents a question.</p><p><br /></p><p>Do you personally think that there are good deals on eBay for those who know their coin like the back of their hand, or are there just too many cherry pickers to try and find something everyone else missed?[/QUOTE]</p><p><br /></p>
[QUOTE="Detecto92, post: 1392708, member: 75105"]Many times the phrase is said "their is no free lunch in numismatics". However I label the phrase as partially true. This is just my idea. Silver coins almost ALWAYS bring their melt price. Maybe unless it's a huge auction of $20,000 worth of silver coins. Then maybe money can be an issue. However it's usually better to buy on volume. So you can hardly ever find silver for less than melt, maybe unless: 1. It's a world coin that is rarely seen, and not too many people know about it. However with millions of bidders on eBay, your chance of finding silver coins in auction for less than melt is very rare. 2. It's a newly listed buy it now. The seller has no idea what it's worth. However they would be a fool to not know what it's worth, because if it's a common item such as a Morgan dollar, they can simply look it up. However sometimes you can find newly listed buy it nows for less than melt. But don't hold your breath, again it's a very rare shot. Indian head cents, Large cents, 20 cent pieces, etc. They usually bring their full value. Sometimes you can get a deal. I have once or twice in the past few months. However sometimes it can be a problem coin, which can be hard to spot for the untrained eye. So with all of the above, you have a very low chance of snagging a deal, but wait... there's more. The true cherry pickers are going to be looking in depth on the coin. Looking for die breaks, varieties, and such. If a cherry picker finds a large cent that is a scarce Sheldon variety, and no one else has spotted it, then maybe the can get a good deal on it. Where am I going with this? The more you know, the better chance of getting a valuable coin you have. If you know something that a lot of other people don't it's going to increase your chances even further. While I don't know a lot about coins, I have not yet learned how to truly cherry pick for things. So all this presents a question. Do you personally think that there are good deals on eBay for those who know their coin like the back of their hand, or are there just too many cherry pickers to try and find something everyone else missed?[/QUOTE]
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