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<p>[QUOTE=&quot;1865King, post: 5254818, member: 103207&quot;]I started to get interested in coins in 1963 when I was a little kid.&nbsp; However, back then you could still get buffalo nickels in change and early 1900&#039;s Lincoln cents as well as SL quarters.&nbsp; Silver coins started to disappear in the late 60&#039;s as well as the buffalo nickels.&nbsp; So basically I&#039;ve been a collector for over 55 years.&nbsp; What I can say is that buying and selling really hasn&#039;t changed much in 55 years.&nbsp; The only change is now we have the internet.&nbsp; All dealers are doing it to make a living.&nbsp; Making a living means making a profit on what they sell.&nbsp; So you&#039;ll never get retail when selling common coins.&nbsp;&nbsp; However, that changes when you start talking about key date coins or rare varieties.&nbsp; A lot of dealers have want lists from regular customers looking for these coins.&nbsp; If the dealer knows he has a good chance of turning the coin over quick it puts you in more control of the sale.&nbsp; When talking about key date coins or varieties condition is very important.&nbsp; Example:&nbsp; A banged up 1955 double die cent in extra fine is a hard sell.&nbsp; You would be lucky to be offered VG money for it.&nbsp; Also don&#039;t expect much for modern coins usually dealers have more than they can ever sell.&nbsp; Modern is considered dated after 1950.&nbsp;&nbsp; Dealers tend to sell them to the home shopping network coin guys.&nbsp; However, one thing you should do before selling your coins get to know the dealer.&nbsp; Build a friendship with them.&nbsp; This can take some time.&nbsp; Don&#039;t rush it or you will lose.&nbsp; You will be able find out what the dealer has a market for this will help you when and what you decide to sell to him.&nbsp; If you just walk into a coin shop with a box of modern or junk coins the dealer may have no interest in what your offering and may not want to spend a lot of time looking at them.&nbsp; The other way to sell your coins is on consignment at the dealers shop.&nbsp; Many will do it once they get to know you.&nbsp; For this method you can set the sell price and the dealer gets a commission for allowing you to sell coins thru them.&nbsp; 10 to 15 percent seems to be the norm.&nbsp; However, selling on consignment is normally only for coins with a value of at least a few hundred dollars and only a few coins at a time.&nbsp; I&#039;ve done pretty good when selling on consignment.[/QUOTE]</p><p><br /></p>

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