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Message:: [QUOTE="johnmilton, post: 21404696, member: 101855"]If you are not going to learn how to grade coins, you are never going to "get rich from hobby." Even if you do learn how to grade, "getting rich" from coins is very hard, and you almost always have to have a long holding time. I've been at this for many years, and have a lot of nice coins. In the end, I will probably do no better than break even. That's especially true because of the way the tax laws work. If you make money on coin, you owe tax. If you loose money you can't even offset that against your gains. The means the government also wins. If you are not going to learn how to grade coins, then you need to deal with reputable dealers. That means you can't run around buying from "Joe Schome" on eBay, looking for cheap prices. Reputable dealers are often offer coins on eBay, but it will almost never be an instant bargain. What looks to be instant bargain often is not, unless it's a rare variety of a coin or a token or medal that everyone else missed. If you want to learn how to grade coins, buy the grading books, look at the coins in your collection, and then look at a lot more coins. That's how I did it. I got stated in high school in the 1960s, and I'm still learning.[/QUOTE]