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<p>[QUOTE=&quot;-jeffB, post: 3983900, member: 27832&quot;]Well, there you go.</p><p><br /></p><p>Assume that a coin holds a fairly steady value. You buy it at (say) $1000. If you paid that money to a dealer, some of it goes to cover their original cost on the coin, some of it goes to overhead, and some of it goes to profit. If you bought it on eBay from a private party, about $30 goes to PayPal, about $100 goes to eBay, some amount goes to the post office or other shipper, and the rest goes to the seller.</p><p><br /></p><p>Now, if you sell it through an auction house, they may charge you a fee, and they may add a buyer&#039;s premium. The eventual buyer is still willing to pay about $1000. After the auction house takes their cut, you&#039;re likely getting $800 or less.</p><p><br /></p><p><b>This is all assuming the coin&#039;s market price remains constant.</b> If the coin has increased in value since you bought it, you&#039;ll do better; if it&#039;s decreased in value, you&#039;ll do worse. But in order to come out ahead consistently, you need to do one of these things:</p><p><br /></p><p>1) Pick coins that will go up in value. Like any other kind of fortune-telling, this is a matter of luck.</p><p><br /></p><p>2) Underpay for coins. There are always lots of people willing to buy underpriced coins, so again, it&#039;s a matter of luck to get there first, or a matter of skill to cherry-pick something nobody else has recognized, or a matter of work and expense to establish a shop or auction house where people will sell to you at dealer prices, or a matter of (poor) ethics to convince people their coins aren&#039;t worth much.</p><p><br /></p><p>3) Sell coins at overinflated prices. There are always a few people willing to overpay for coins, if you&#039;re lucky enough that they find you first, or again, you can deceive people into overpaying.</p><p><br /></p><p>I lean fairly heavily on (2) (find underpriced coins), because I was raised to be a cheapskate. I do my best to deal ethically both when buying and selling. I don&#039;t get a lot of opportunities to make money with coins.[/QUOTE]</p><p><br /></p>

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