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<p>[QUOTE="Vess1, post: 8614060, member: 13650"]I like and have read all the advice in this thread. If you're going to dive into numismatics, it would be my hope that you really enjoy the coins you're buying and are "into it" rather than just purchasing hoping to re-sell in a few years. </p><p><br /></p><p> You're going to find out that like everything else there is a wholesale price and a retail price. Unless you become a dealer and establish a presense within the hobby to be afforded wholesale dealer to dealer pricing, you will be paying full retail and competing with everyone else bidding on the retail side. </p><p> </p><p> On the selling side, it's not that easy to sell anything because there's so many other people selling. You need to have something really unique and desirable or a steep discount if you expect to move something compared to anything else. I've seen coins for sale for years! Price doesn't budge and nobody buys.</p><p><br /></p><p> Then if you do find buyers, unless you can meet in person for cash (risky, better go armed) anything done through auctions have hefty fees and shipping coming out of your sale. The higher priced the numismatic item, the more you stand to lose. That's if the market just stays flat. If it takes a dive now you're in worse shape and lose even more. May take years to come back. The cost of simply transacting is difficult to overcome even if the coins value remains flat from when you purchased it. In fact you can't over come it. </p><p> If you take your collection to a dealer to be safe quick and easy, and say "I just want to sell all this", you're going to get the standard response... "I don't have time to go through it all" and here's fifty cents on the dollar for what you paid because they can get stuff wholesale. Then they re-sell your stuff for what it's worth to the next guy and make a profit. You have to say they do earn the profit having a business and taking on the burden of the security aspect ofi it. Plus just keeping the lights on and paying employees. People pay a $1700 delivery charge for a truck to dealers for GM to put a vehcile on a truck and simply deliver it to the dealer (with other vehicles on the trailer)for you to purchase, regardless of the distance from the plant and nobody bats an eye. lol The cost of transacting is a losing proposition for the consumer. </p><p><br /></p><p> This is why I say you should be in to numismatics for the hobby or probably just stick to bullion to be honest. Even simply buying bullion you better be careful. Stick to large dealers such as Apmex that tests everything electronically for fakes before it goes out the door to protect their integrity, as just one example. Stuff on ebay you don't know where it came from. There's literally fake everything out there now with good fake holders. People on ebay are losing 8-12% in fees plus shipping so expect high prices there. </p><p><br /></p><p> If you want to see nice coins go to a big show if you can make it, like an ANA World's Fair of Money every August. Been there a couple times. It's the biggest show in the World. You can find pretty much anything you want there but don't expect big discounts. lol[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 8614060, member: 13650"]I like and have read all the advice in this thread. If you're going to dive into numismatics, it would be my hope that you really enjoy the coins you're buying and are "into it" rather than just purchasing hoping to re-sell in a few years. You're going to find out that like everything else there is a wholesale price and a retail price. Unless you become a dealer and establish a presense within the hobby to be afforded wholesale dealer to dealer pricing, you will be paying full retail and competing with everyone else bidding on the retail side. On the selling side, it's not that easy to sell anything because there's so many other people selling. You need to have something really unique and desirable or a steep discount if you expect to move something compared to anything else. I've seen coins for sale for years! Price doesn't budge and nobody buys. Then if you do find buyers, unless you can meet in person for cash (risky, better go armed) anything done through auctions have hefty fees and shipping coming out of your sale. The higher priced the numismatic item, the more you stand to lose. That's if the market just stays flat. If it takes a dive now you're in worse shape and lose even more. May take years to come back. The cost of simply transacting is difficult to overcome even if the coins value remains flat from when you purchased it. In fact you can't over come it. If you take your collection to a dealer to be safe quick and easy, and say "I just want to sell all this", you're going to get the standard response... "I don't have time to go through it all" and here's fifty cents on the dollar for what you paid because they can get stuff wholesale. Then they re-sell your stuff for what it's worth to the next guy and make a profit. You have to say they do earn the profit having a business and taking on the burden of the security aspect ofi it. Plus just keeping the lights on and paying employees. People pay a $1700 delivery charge for a truck to dealers for GM to put a vehcile on a truck and simply deliver it to the dealer (with other vehicles on the trailer)for you to purchase, regardless of the distance from the plant and nobody bats an eye. lol The cost of transacting is a losing proposition for the consumer. This is why I say you should be in to numismatics for the hobby or probably just stick to bullion to be honest. Even simply buying bullion you better be careful. Stick to large dealers such as Apmex that tests everything electronically for fakes before it goes out the door to protect their integrity, as just one example. Stuff on ebay you don't know where it came from. There's literally fake everything out there now with good fake holders. People on ebay are losing 8-12% in fees plus shipping so expect high prices there. If you want to see nice coins go to a big show if you can make it, like an ANA World's Fair of Money every August. Been there a couple times. It's the biggest show in the World. You can find pretty much anything you want there but don't expect big discounts. lol[/QUOTE]
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