Hi

Sharktoy: Many of our forum members have error coins and some may be willing to part with them. (minimum posts required - sell/trade)

There are also many web sites that may be of interest to you. If you want to just look around a bit, take a look at coppercoins.com and also do some web searches for "error coins".

As for quick turnaround - a month is really too quick for a substantial investment in numismatics unless the "force is with you" and you find a rare coin, key date or a great price from an uneducated seller. The bullion market is pretty volatile right now and a month could be a nice increase, a hefty loss or flat.

There are many U.S. Coins that are in demand and carry a nice profit to them in the longer term. The "key dates" list is always being updated as meltdown occurs and rarer coins surface.

A handy reference would be " Coin World" and it's monthly magazine "Coin Values" always has interesting and helpful articles.

There are two books that I've found especially helpful and necessary. The Red Book as mentioned above and the "Black Book" of World Coins is minimally helpful for a beginner. There are others also and the members that enjoy them will hopefully post and guide you toward their favorites.

What coins do you collect? Are you new to collecting? The answers to these questions may help the forum members to understand your level of knowledge and what you wish to achieve. We all had a starting point whether it was in Numismatics or Investments. I personally see all of my coins whether they are silver, gold, clad, foreign, Commemoratives or U.S. as both a Numismatic "hobby" and for my long term investment.

Welcome to the CCF!

You're off to a good start Sharktoy and will get lots of assistance here now that we all see what your starting point is. We all started out asking or looking for answers to the "simple questions" - not a problem here. There are tons of Morgan collectors on the CCF so you'll fit right in - you do already!

Enjoy!

Sharktoy,

While I admire your ambition, it is not easy to get into coin sales - especially on ebay. Bobby and I were lucky. I had a 30-year collection to sell to get us started. Since then, we've purchased our own inventory in addition to selling on consignment. The consignment sales seem to be the best way to go but it is difficult to find clients that will let us sell the way we know works - which is starting bidding low and no reserve.

You also need to be sure that you take the fees into account when you decide how much you can afford to sell a coin for. For instance, if you run a common Mercury dime in Good condition at auction for 7 days, starting bid 99 cents, with a gallery picture, the listing fee is 55 cents. If you accept Paypal, you will have to pay another 2.9 percent of the sale price. There is also the final value fee which is 8 percent of the final sale price. Total fees for this sale are 80 cents, without considering your purchase price. It is possible to get these for $1.00 these days. This makes a total profit of 70 cents.

There are a lot of things to consider when selling. I wish you all the best, but there is no sure-fire way to make a profit. Also, if you are looking to sell on ebay, you need to take the time to establish yourself as a reputable seller. This is especially important nowadays since there are so many scammers out there.

Hope this helps.

anyone need to get rid of some morgan coins that will sell it for a great deal. Please contact me. Thanks

I noticed the gold market is shooting upward. Will this make the american eagles worth more? More than a few dollars?

Coin Collecting for Dummies? Not a joke. There really is a book called this, it's from the for Dummies series. It was the first coin book I bought. Got mine at Barnes & Noble.

Great suggestion Irishraider! I saw those just last night at Barnes and Noble and didn't even think about them. The Dummie books are really good for just about anything. I hope that sharktoy takes you up on your suggestion. It's a very good place to start - basics and more.