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<p>[QUOTE=&quot;rhoggman, post: 396741, member: 13987&quot;]I really don&#039;t understand the idea that you can&#039;t make money on coins unless you are an insider/ dealer, and it is so hard find buyers, and huge commissions at auctions, doom gloom, et cetera</p><p><br /></p><p>This is absurd.... OK I will agree if you try to sell a hundred dollar coin through Heritage or DLRC, you are probably to lose money. I will also agree that coins are harder to liquidate than stocks, but that doesn&#039;t really prove coins are bad investments.</p><p><br /></p><p>Also just because so many people lose money doesn&#039;t prove anything either. That is like saying mutual funds are bad investments. The real fact is some are bad, and other are good. Coins are the same deal, some are bad, and some are good. Usually it is the investor or the choice that represents the origin of the bad deal. If you have a &quot;collection&quot; of lack luster coins who do you blame?? </p><p><br /></p><p>I am not a dealer, I am not an insider, but I buy what I think are good deals. I don&#039;t &quot;win&quot; on everything, and I don&#039;t sell everything quickly, but I do make money. Call it whatever you want, but the point is you can make money, and you can make good investments.</p><p><br /></p><p>Sometimes I win online auctions on coins for great deals. For instance I recently bought 2 NGC MS62 Quarter Eagles one 1927 &amp; the other 1929 both for $300. After BP the price ended up being $350 each. You can look up the auction history on DLRC if you think I am making this up. I sold them to a <i><b><span style="color: Black">dealer</span></b> </i><span style="color: Black">for 400 each. He charges pcgs / ngc list prices for these coins. I made $100 total, and he will be make $100 on each coin as the price in both price guides is $500 for these. People who lose money are the ones who walk into the coin shop, and pay that list price. It could be years before they could make any profit, and yes they would lose money if they auctioned them off. FYI I think I was the lone bidder on these coins,&nbsp; and I know for sure the reserve was lowered because they just wanted to sell the coins.</span></p><p><span style="color: Black"><br /></span></p><p><span style="color: Black">Even though the proceeds are small, I just reinvest over and over again... buying and selling. Some stuff I keep, sometimes I take chances, sometimes I lose, but as I increase my collection I also increase the quality of coins I buy. This has made it easier and easier over time to sell my coins. People will pay money for nice stuff.</span></p><p><span style="color: Black"><br /></span></p><p><span style="color: Black">I do not sell anything on Ebay. I sell locally, and advertise on the internet. I am getting lots of repeats. </span></p><p><span style="color: Black"><br /></span></p><p><span style="color: Black">IT IS WHAT YOU MAKE IT!</span></p><p><span style="color: Black"><br /></span></p><p><span style="color: Black"><br /></span></p><p><span style="color: Black"></span>[/QUOTE]</p><p><br /></p>

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