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My unsolicited list of 20 tips for coin collectors...
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<p>[QUOTE="Arizona Jack, post: 310657, member: 9308"]One thing in the hobby has changed over the last few years. Collectors are much more able to sell coins at or near retail these days. The lines between wholesale and retail have blurred a bit.</p><p> </p><p>With Ebay, and many other coin sites, the edge has softened, as dealers, collectors and investors are all exposed to the same coins in the same marketplace at the same time. This tends to smooth out the difference in buy/sell price one would expect in a B&M shop, or traveling show dealers.</p><p> </p><p>Many online coinsites/websites are, except for the " majors", ran out of homes or in some cases, in the office you already pay rent on for a different purpose. Overheads are non existant in many cases. Margins can be much slimmer. </p><p> </p><p>If bought properly, PROPERLY, you can sometimes resell at a profit in a weeks time, as fast as you can list the coin, and you don't even have to lie and cheat to do it. Properly bought, in-demand no problem coins can do this. With enough material, you can even pay for your hobby by doing this.</p><p> </p><p>If you buy " wrong", well, your stuck untill someone else comes along and buys wrong from you. BUT, you have to knowingly sell " wrong" to do that, or, you can wait for the market to move up enough. On "wrong" coins, that may never happen in a lifetime.</p><p> </p><p> </p><p>My humble opinion editorial for Sunday night.[/QUOTE]</p><p><br /></p>
[QUOTE="Arizona Jack, post: 310657, member: 9308"]One thing in the hobby has changed over the last few years. Collectors are much more able to sell coins at or near retail these days. The lines between wholesale and retail have blurred a bit. With Ebay, and many other coin sites, the edge has softened, as dealers, collectors and investors are all exposed to the same coins in the same marketplace at the same time. This tends to smooth out the difference in buy/sell price one would expect in a B&M shop, or traveling show dealers. Many online coinsites/websites are, except for the " majors", ran out of homes or in some cases, in the office you already pay rent on for a different purpose. Overheads are non existant in many cases. Margins can be much slimmer. If bought properly, PROPERLY, you can sometimes resell at a profit in a weeks time, as fast as you can list the coin, and you don't even have to lie and cheat to do it. Properly bought, in-demand no problem coins can do this. With enough material, you can even pay for your hobby by doing this. If you buy " wrong", well, your stuck untill someone else comes along and buys wrong from you. BUT, you have to knowingly sell " wrong" to do that, or, you can wait for the market to move up enough. On "wrong" coins, that may never happen in a lifetime. My humble opinion editorial for Sunday night.[/QUOTE]
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My unsolicited list of 20 tips for coin collectors...
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