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<p>[QUOTE="Mike Thorne, post: 2417661, member: 56869"]I've bought and sold coins for the last 60 years and have made money on my coins more often than not, but I've never been a full-time dealer. In other words, I always kept my day job. It's been a lot of fun and has given me much to write about. My advice is to buy coins that are accurately graded and priced at or near wholesale at the time you buy them. You can nearly always get your money out of them if not make a buck or two. Also, I subscribe wholeheartedly to the advice to buy only coins certified by one of the big two (NGC, PCGS). Two of my main reasons for doing this are that they'll be easier for my heirs to sell and the slabs offer protective housing. One final note: I try to avoid all the modern coins put out by the Mint to entice collectors out of their money. Don't get me wrong, they're often quite appealing. I still believe you should stick with the tried and true.[/QUOTE]</p><p><br /></p>
[QUOTE="Mike Thorne, post: 2417661, member: 56869"]I've bought and sold coins for the last 60 years and have made money on my coins more often than not, but I've never been a full-time dealer. In other words, I always kept my day job. It's been a lot of fun and has given me much to write about. My advice is to buy coins that are accurately graded and priced at or near wholesale at the time you buy them. You can nearly always get your money out of them if not make a buck or two. Also, I subscribe wholeheartedly to the advice to buy only coins certified by one of the big two (NGC, PCGS). Two of my main reasons for doing this are that they'll be easier for my heirs to sell and the slabs offer protective housing. One final note: I try to avoid all the modern coins put out by the Mint to entice collectors out of their money. Don't get me wrong, they're often quite appealing. I still believe you should stick with the tried and true.[/QUOTE]
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