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What would you pay for a completed set of Wheat Pennies?
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<p>[QUOTE="omahaorange, post: 2198461, member: 28199"]I think your first mistake is expecting to profit from this. Buying coins at or near retail pricing, it will be near impossible to sell at a profit. More probably you'll be looking at a loss.</p><p><br /></p><p>My opinion, FWIW, is that most hobbyist/collectors get into this to build a set, not purchase one already completed. Most people looking for completed sets are looking at a gift for someone else, or looking to pull the key dates out for their own collections or to flip. The gift seeker will probably not be willing to pay the price of the keys, let alone the combined value of the set. The serious collector will look at the keys, determine what it will cost for those, dismiss the rest, and assume buying in "bulk" will offer some sort of discount, on top of the inherent discounted price because you are not a true dealer, and are selling these unslabbed. So any offers from this faction will be lower than what you think. Because those belonging to this class are doing exactly what you are trying to do...that is, get coins on the cheap and flip for profit on eBay.</p><p><br /></p><p>Good luck with this project! You're probably going to need it.[/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 2198461, member: 28199"]I think your first mistake is expecting to profit from this. Buying coins at or near retail pricing, it will be near impossible to sell at a profit. More probably you'll be looking at a loss. My opinion, FWIW, is that most hobbyist/collectors get into this to build a set, not purchase one already completed. Most people looking for completed sets are looking at a gift for someone else, or looking to pull the key dates out for their own collections or to flip. The gift seeker will probably not be willing to pay the price of the keys, let alone the combined value of the set. The serious collector will look at the keys, determine what it will cost for those, dismiss the rest, and assume buying in "bulk" will offer some sort of discount, on top of the inherent discounted price because you are not a true dealer, and are selling these unslabbed. So any offers from this faction will be lower than what you think. Because those belonging to this class are doing exactly what you are trying to do...that is, get coins on the cheap and flip for profit on eBay. Good luck with this project! You're probably going to need it.[/QUOTE]
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