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<p>[QUOTE="sshafer11, post: 1982476, member: 67540"]A big portion of my collecting budget comes from selling coins I purchase for resale. I know first hand that it is possible to sell for profits. But its like people said, you need to have that relationship with a dealer or a knack for setting up quality photos on eBay. You also need to have an understanding of the market. I would argue that majority of collectors don't really know what coins are worth. I say this because for years I myself bought overpriced coins. Now anytime I buy a coin for my collection I reference at least 3 different items PCGS coinfacts, the greysheet, and Heritage. Only pull the trigger when you've done the homework and you likely will do okay.</p><p><br /></p><p>I also personally believe it's better to invest in slabbed coins if your budget is over $100 per coin because you have the insurance of a grade. I know there is limitations to this, and I know many people don't like the plastic factories. But I know (because I sell mostly raw coins for profit) that the price can fluctuate wildly on them. Grading raw coins is so subjective, especially with 19th century coins. What is beautiful to one person, is details to another. The slab helps mitigate some of this, and this is the main reason I ditched the dansco a year ago.[/QUOTE]</p><p><br /></p>
[QUOTE="sshafer11, post: 1982476, member: 67540"]A big portion of my collecting budget comes from selling coins I purchase for resale. I know first hand that it is possible to sell for profits. But its like people said, you need to have that relationship with a dealer or a knack for setting up quality photos on eBay. You also need to have an understanding of the market. I would argue that majority of collectors don't really know what coins are worth. I say this because for years I myself bought overpriced coins. Now anytime I buy a coin for my collection I reference at least 3 different items PCGS coinfacts, the greysheet, and Heritage. Only pull the trigger when you've done the homework and you likely will do okay. I also personally believe it's better to invest in slabbed coins if your budget is over $100 per coin because you have the insurance of a grade. I know there is limitations to this, and I know many people don't like the plastic factories. But I know (because I sell mostly raw coins for profit) that the price can fluctuate wildly on them. Grading raw coins is so subjective, especially with 19th century coins. What is beautiful to one person, is details to another. The slab helps mitigate some of this, and this is the main reason I ditched the dansco a year ago.[/QUOTE]
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Selling coins--you do not have to lose money!
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