Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Estate Auctions - $1 Coin AuctionsJoin Thousands of Coin, Bullion, & Money Collectors Vancouvers #1 Coin and Paper Money Dealer Specializing in Modern Numismatics 300,000 items to help build your collection! Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Coin, Banknote and Medal Collectors's Online Mall








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Buying Vs Selling Coins

To participate in the forum you must log in or register.
Author Previous TopicReplies: 38 / Views: 4,725Next Topic
Page: of 3
Moderator
Learn More...
jbuck's Avatar
United States
188648 Posts
 Posted 09/15/2020  11:51 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
13% is a whole lot better than the old days when you sold to a dealer at 50%.
I have to agree.
Pillar of the Community
United States
3160 Posts
 Posted 09/15/2020  4:09 pm  Show Profile   Bookmark this reply Add jerryc39 to your friends list Get a Link to this Reply
I think the younger generation tend to be minimalists. Not saying there are no younger collectors out there but not nearly as many as say 50 and older. Yes paying e-bay fees beats the offers most dealers will give you. My main reason for starting this post was to say if you pay close to full retail for an expensive key date coin and then expect it to increase in value in say 8 or 10 years it does not work. This I know now just not when I started.
Edited by jerryc39
09/15/2020 4:11 pm
Moderator
Learn More...
jbuck's Avatar
United States
188648 Posts
 Posted 09/15/2020  4:11 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
My main reason for starting this post was to say if you pay close to full retail for an expensive key date coin and then expect it to increase in value in say 8 or 10 years sometimes does not work. This I know now just not when I started.
Pillar of the Community
Learn More...
Zurie's Avatar
United States
5672 Posts
 Posted 09/15/2020  5:09 pm  Show Profile   Check Zurie's eBay Listings Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
ebay is not a totally efficient market, and the final sold prices for comparable coins can vary quite a bit, especially for items sold by auction. If you're careful about your bidding and good at interpreting mediocre photos, you can do pretty well flipping coins bought by auction and then listed buy it now with some patience. Doesn't always work out, but you can usually beat the 13% cost of selling on ebay.
Pillar of the Community
beem's Avatar
United States
570 Posts
 Posted 09/15/2020  6:12 pm  Show Profile   Check beem's eBay Listings Bookmark this reply Add beem to your friends list Get a Link to this Reply
Agree, Zurie. Heck, I sometimes look for bad photos. :)
Pillar of the Community
Learn More...
tdziemia's Avatar
United States
7941 Posts
 Posted 09/15/2020  7:40 pm  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply
I don't buy with intent to quickly flip, but I agree that poor photos and low seller feedback can add up to a good opportunity for a bargain.
Edited by tdziemia
09/15/2020 7:41 pm
Pillar of the Community
United States
3160 Posts
 Posted 09/15/2020  8:06 pm  Show Profile   Bookmark this reply Add jerryc39 to your friends list Get a Link to this Reply
used to buy and flip large cents often. Bad pics sometimes worked out well sometimes not so much. The prices have gone up so much that its much harder to do now IMO
Moderator
Learn More...
jbuck's Avatar
United States
188648 Posts
 Posted 09/16/2020  11:18 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
If you're careful about your bidding and good at interpreting mediocre photos, you can do pretty well flipping coins bought by auction and then listed buy it now with some patience. Doesn't always work out, but you can usually beat the 13% cost of selling on ebay.
I suppose it should be said that using better photos for the flip will contribute to your success.
  Previous TopicReplies: 38 / Views: 4,725Next Topic
Page: of 3

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.29 seconds to rattle this change. Forums