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<p>[QUOTE="Paddy54, post: 2089418, member: 19250"]Ok good question depending on your situation let's say you're at a show with items you want to sell. You have a list of wants or have walked the show and spotted something that you have to have. </p><p>No dealer I know are going to give you retail for your coins.</p><p>Most use grey sheet and make an offer below the value,if the coin is a semi key or key, as common dates they are going to offer melt. I try at this point to work a trade. My coin and cash for your coin.</p><p>I myself would try to sell on e bay , coinzip or another auction site. Remember going this route still has cost Fee's and shipping .Now I have been in a situation where my find at the show is a have to have item. At that point be ready to take hit. </p><p>I always keep a record mostly in my head of the cost I paid for an item. I also research the current value of said coin. Maybe today is not the day you want to sell as fee's or the spot market is down.</p><p>I will tell you this..... in all the years I have collected the scales have balanced out. There are times where you're going to hit a home run other times strike out ever time at bat.</p><p>l suggest dollar cost averaging . Meaning buy smart and sell smart. Know what the market bears , for both the coin medal content as well as the coins worth as to its date and condition.</p><p>As very few things we buy in life increase in value ,you need to know and understand the market.</p><p>A perfect example is at a show I was working a guy came in with a complete set of Franklin half dollars. A nice uncirculated set in a nice Capital holder. No dealers were interested in buying , not even for spot. Most of the dealers were like hand them down to your kids.</p><p>Now let's say silver goes way up like it was a few years back now the time to unload everything that no longer interest you. </p><p>Understanding that trends do change , what hot now may not be later on. </p><p>Some series are always in demand by collectors. I suggest reading, researching before buying ,and selling for that matter.</p><p>One other thing to consider is this let's say you have a coin of very high value. You may have to wait a long time before you find a buyer with pockets deep enough to buy it.</p><p>If I can buy a coin that is MS 69 for $300 and the same coin in MS 70 is a $1000. What are you going to buy?</p><p><br /></p><p>So having a rare perfect coin can have issues too getting a fair price. Bottom line if you collect as an investment you're collecting for the wrong reason. Buy smart sell smart...... and collect smart. </p><p>Lastly there are no collectors here whom have not made mistakes. Both buying and selling. I venture to say every collectors here have wished that they never sold a certain coin they have had or passed on a coin they wanted to buy.</p><p>It's all part of the hobby.[/QUOTE]</p><p><br /></p>
[QUOTE="Paddy54, post: 2089418, member: 19250"]Ok good question depending on your situation let's say you're at a show with items you want to sell. You have a list of wants or have walked the show and spotted something that you have to have. No dealer I know are going to give you retail for your coins. Most use grey sheet and make an offer below the value,if the coin is a semi key or key, as common dates they are going to offer melt. I try at this point to work a trade. My coin and cash for your coin. I myself would try to sell on e bay , coinzip or another auction site. Remember going this route still has cost Fee's and shipping .Now I have been in a situation where my find at the show is a have to have item. At that point be ready to take hit. I always keep a record mostly in my head of the cost I paid for an item. I also research the current value of said coin. Maybe today is not the day you want to sell as fee's or the spot market is down. I will tell you this..... in all the years I have collected the scales have balanced out. There are times where you're going to hit a home run other times strike out ever time at bat. l suggest dollar cost averaging . Meaning buy smart and sell smart. Know what the market bears , for both the coin medal content as well as the coins worth as to its date and condition. As very few things we buy in life increase in value ,you need to know and understand the market. A perfect example is at a show I was working a guy came in with a complete set of Franklin half dollars. A nice uncirculated set in a nice Capital holder. No dealers were interested in buying , not even for spot. Most of the dealers were like hand them down to your kids. Now let's say silver goes way up like it was a few years back now the time to unload everything that no longer interest you. Understanding that trends do change , what hot now may not be later on. Some series are always in demand by collectors. I suggest reading, researching before buying ,and selling for that matter. One other thing to consider is this let's say you have a coin of very high value. You may have to wait a long time before you find a buyer with pockets deep enough to buy it. If I can buy a coin that is MS 69 for $300 and the same coin in MS 70 is a $1000. What are you going to buy? So having a rare perfect coin can have issues too getting a fair price. Bottom line if you collect as an investment you're collecting for the wrong reason. Buy smart sell smart...... and collect smart. Lastly there are no collectors here whom have not made mistakes. Both buying and selling. I venture to say every collectors here have wished that they never sold a certain coin they have had or passed on a coin they wanted to buy. It's all part of the hobby.[/QUOTE]
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