Message:

<p>[QUOTE=&quot;cladking, post: 1285422, member: 68&quot;]Don&#039;t despair.</p><p><br /></p><p>It&#039;s probably not as bad as you think. </p><p><br /></p><p>First off coin shops are primarily for buying and not for selling to.&nbsp; I always tell people to sell some coins or they&#039;ll get years into the hobby and find out they&#039;ve got a herd of white elephants.&nbsp; There are virtually no coins that you can be certain of making a profit on even if they rise sharply in price while you own them.&nbsp; It&#039;s very easy to find coins really cheap but it&#039;s very hard to move them at retail or even at full wholesale in some cases.&nbsp; A collector needs to learn the market and this comes mostly from when you sell.&nbsp; That $50 coin that&#039;s really worth $100 isn&#039;t such a bargain if you can&#039;t find a buyer at $20.&nbsp; </p><p><br /></p><p>Look at the dealer buy prices.&nbsp; These are found in the back of the coin papers and these are the market makers for less expensive coins.&nbsp; Some of these advertisers are very picky and won&#039;t take a coin even if it&#039;s a better date and higher grade if it has a problem like a rim ding or old cleaning.&nbsp; Be sure you have an idea of grading standards.&nbsp; A lot of the cheap coins moved by dealers are problem coins the wholesalers don&#039;t want.&nbsp; </p><p><br /></p><p>But these aren&#039;t the bottom line in coin valuations they are just the minimum.&nbsp; Nice coins and better dates are just a little harder to sell.&nbsp; Key date coins are easily sold.&nbsp; </p><p><br /></p><p>The corner shop just wants to dump coins and buy only below wholesale.&nbsp; But they do have good customers (good shops) and if you have coins their customers are seeking then they will stretch to buy them.&nbsp; Keep in mind though their customers want a good deal so they can&#039;t offer a lot even on what they can sell.&nbsp; Most coins just have to be shipped to the specialists who&#039;ll pay more or sold on eBay.&nbsp; The market is always OK even on the hardest to sell coins but these prices can be low or high depending on the state of the overall market.&nbsp; </p><p><br /></p><p>Right now what&#039;s selling is expensive coins whether rare or high grade.&nbsp; There are still some pockets of strenght in the sorts of coins beginners seek and in traditional &quot;collector coins&quot; like nice bust.&nbsp; Just go with the market and try to remember every dog has its day.&nbsp; Get rid of losers and avoid problem coins unless the price is highly favorable.&nbsp; Collectors need a lot of patience.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in