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<p>[QUOTE="kangayou, post: 872364, member: 23111"]I have to agree with you. On eBay you can sell circulated raw coins for a minor profit. These are coins my local dealer would not be interested in at all. Then some higher end coins like an non-graded 1909-S VDB or 1931-S Buffalo Nickel can generate way more than Redbook in sales price & you only have to fork over 20% to PayPal & eBay combined , whereas a local dealer is only give you 50% to 60% of Redbook. I think auctions are the way to go for now & if I ever do graduate beyond selling circulated US coinage , I will send my stuff to Teletrade or Heritage rather than selling to the dealers in my neighborhood.</p><p><br /></p><p>Make sure to get your ANA membership. Also get a Reseller's Permit from your State's Department of Revenue so you can avoid paying sales tax on certain types of coinage under certain conditions.[/QUOTE]</p><p><br /></p>
[QUOTE="kangayou, post: 872364, member: 23111"]I have to agree with you. On eBay you can sell circulated raw coins for a minor profit. These are coins my local dealer would not be interested in at all. Then some higher end coins like an non-graded 1909-S VDB or 1931-S Buffalo Nickel can generate way more than Redbook in sales price & you only have to fork over 20% to PayPal & eBay combined , whereas a local dealer is only give you 50% to 60% of Redbook. I think auctions are the way to go for now & if I ever do graduate beyond selling circulated US coinage , I will send my stuff to Teletrade or Heritage rather than selling to the dealers in my neighborhood. Make sure to get your ANA membership. Also get a Reseller's Permit from your State's Department of Revenue so you can avoid paying sales tax on certain types of coinage under certain conditions.[/QUOTE]
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