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<p>[QUOTE="Colonialjohn, post: 2422699, member: 57741"]Stu - a few dealers have told me buying the right coin is EASY but selling is MORE DIFFICULT. Knowing how to buy and sell IMO makes your a more astute collector. As an example non-silver post 1965 Proof Sets when first issued most people when first entering the hobby make this mistake particularly if purchased from a dealer just after issue and then their decline one year later. A simplistic example ... some can claim I am just in it for the FUN and not the money ... its an interesting claim that over 10 years say someone can spend $50,000 and net only $25,000 and they have no qualms about this ... ??? Stu - it would be interesting in how much LOW END stuff you have in your collection which you bought when you first started that could be flipped for some key date Federal pieces - NOW? Yes ... its MORE work than simply buying. I have seen very few specialists operate in this manner and more so of generalist in terms of this hobby. Of the few specialists most were not as effective as the specialist that bought and sold ... upgrading more effectively to obtain a more rare or higher condition example.</p><p>Saltysam-1 I agree exonumia if you research and become an expert there is always a bargain at antique shows or if someone just purchased a small hoard of items and its not their specialty ... even on E-Bay simply moving a token to a better category and giving it a more fuller/accurate description can see positive changes.[/QUOTE]</p><p><br /></p>
[QUOTE="Colonialjohn, post: 2422699, member: 57741"]Stu - a few dealers have told me buying the right coin is EASY but selling is MORE DIFFICULT. Knowing how to buy and sell IMO makes your a more astute collector. As an example non-silver post 1965 Proof Sets when first issued most people when first entering the hobby make this mistake particularly if purchased from a dealer just after issue and then their decline one year later. A simplistic example ... some can claim I am just in it for the FUN and not the money ... its an interesting claim that over 10 years say someone can spend $50,000 and net only $25,000 and they have no qualms about this ... ??? Stu - it would be interesting in how much LOW END stuff you have in your collection which you bought when you first started that could be flipped for some key date Federal pieces - NOW? Yes ... its MORE work than simply buying. I have seen very few specialists operate in this manner and more so of generalist in terms of this hobby. Of the few specialists most were not as effective as the specialist that bought and sold ... upgrading more effectively to obtain a more rare or higher condition example. Saltysam-1 I agree exonumia if you research and become an expert there is always a bargain at antique shows or if someone just purchased a small hoard of items and its not their specialty ... even on E-Bay simply moving a token to a better category and giving it a more fuller/accurate description can see positive changes.[/QUOTE]
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Retirement......numismatic coins saved....
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