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Newbie whith ques. about ebay.
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<p>[QUOTE="omahaorange, post: 1478187, member: 28199"]This is your first mistake. Collect because you enjoy collecting coins, <b>with no eye toward a profit</b>. While it is entirely possible that your statement will be correct, it is more probable that the prices will stay stagnant or lose value. Stay focused, do your homework, and buy smart. Consider the costs of coins as the fee for the enjoyment. Any profit you may realize later will then simply be icing on the cake.</p><p><br /></p><p>As far as that listing goes, $1.39 a coin is not unreasonable, so long as you don't have high hopes as to what you'll get. I believe there was a discussion here (or perhaps on another forum) talking about that exact same listing. Just remember, you won't get any silver proofs, nor will there be any key dates in that lot. I would compare that listing to those machines where you drop in a dollar, and use the lever to try and catch a stuffed animal. The seller will probably just stick his hand in the pile, count out ten coins, and send them off. But he will have already searched the lot for anything of value. So be prepared for that.</p><p><br /></p><p>Keep within your budget. It may be easier for you, being 15 with no bills, but I'd bet it is probably easier for me as a 53 year old grandfather with a solid job to put big money into a coin. If your just starting out, stick with what you mentioned in your post, the small denomination modern-day coins. You can assemble most of a set of those types by simply going through pocket change and rolls from the bank (ignore the coin roll hunting threads for now, a lot of those guys are looking for silver). Just go to the bank, ask for a couple rolls at a time. Ask you parents, grandparents, neighbors etc. if you can look through their change (offer to replace what you take). As your collection and budget grow, then look for the rarer dates to purchase to either add to or upgrade your set. As you become more knowledgeable*, branch out into the older stuff.</p><p><br /></p><p>*I can't stress enough the importance of educating yourself. There is so much information available today, from books to web sites to forums such as this, where you can ask specific questions and get reasonable answers.</p><p><br /></p><p>So have fun with the hobby![/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 1478187, member: 28199"]This is your first mistake. Collect because you enjoy collecting coins, [B]with no eye toward a profit[/B]. While it is entirely possible that your statement will be correct, it is more probable that the prices will stay stagnant or lose value. Stay focused, do your homework, and buy smart. Consider the costs of coins as the fee for the enjoyment. Any profit you may realize later will then simply be icing on the cake. As far as that listing goes, $1.39 a coin is not unreasonable, so long as you don't have high hopes as to what you'll get. I believe there was a discussion here (or perhaps on another forum) talking about that exact same listing. Just remember, you won't get any silver proofs, nor will there be any key dates in that lot. I would compare that listing to those machines where you drop in a dollar, and use the lever to try and catch a stuffed animal. The seller will probably just stick his hand in the pile, count out ten coins, and send them off. But he will have already searched the lot for anything of value. So be prepared for that. Keep within your budget. It may be easier for you, being 15 with no bills, but I'd bet it is probably easier for me as a 53 year old grandfather with a solid job to put big money into a coin. If your just starting out, stick with what you mentioned in your post, the small denomination modern-day coins. You can assemble most of a set of those types by simply going through pocket change and rolls from the bank (ignore the coin roll hunting threads for now, a lot of those guys are looking for silver). Just go to the bank, ask for a couple rolls at a time. Ask you parents, grandparents, neighbors etc. if you can look through their change (offer to replace what you take). As your collection and budget grow, then look for the rarer dates to purchase to either add to or upgrade your set. As you become more knowledgeable*, branch out into the older stuff. *I can't stress enough the importance of educating yourself. There is so much information available today, from books to web sites to forums such as this, where you can ask specific questions and get reasonable answers. So have fun with the hobby![/QUOTE]
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