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Posted 03/02/2012 12:37 am
Ed,
I kick myself a lot over missed opportunities like this one that I only lost out on due to my propensity to first research then buy at only the lowest possible price. I could have had four of the Wolverines for under $100 but in each auction, I was outbid by a buck :o(
But here's an untested but logical tip I'll share. The Mongolia Gula Gula that's now selling north of $1400 was first nominated, then chosen as Best Silver Coin of the Year and Best overall COTY. AFTER the nomination, the prices began a slow steady rise, then as supply dried up, the coin jumped north of $800 and remained for quite a while until recently. Before this, the prices were stable at, like I mentioned, under $100. As you may known COTY coins are chosen two year after mintage so if you were to get moving on buying COTY nominations immediately after they were chosen, happens in January, you would most likely be able to resell them for a nice tidy profit, especially if you concentrate your purchases on low mintage varieties. I'm just a buyer and don't plan on becoming a seller unless I'm absolutely forced to, so I've never tried this method; but I bet it would work beautifully.
I kick myself a lot over missed opportunities like this one that I only lost out on due to my propensity to first research then buy at only the lowest possible price. I could have had four of the Wolverines for under $100 but in each auction, I was outbid by a buck :o(
But here's an untested but logical tip I'll share. The Mongolia Gula Gula that's now selling north of $1400 was first nominated, then chosen as Best Silver Coin of the Year and Best overall COTY. AFTER the nomination, the prices began a slow steady rise, then as supply dried up, the coin jumped north of $800 and remained for quite a while until recently. Before this, the prices were stable at, like I mentioned, under $100. As you may known COTY coins are chosen two year after mintage so if you were to get moving on buying COTY nominations immediately after they were chosen, happens in January, you would most likely be able to resell them for a nice tidy profit, especially if you concentrate your purchases on low mintage varieties. I'm just a buyer and don't plan on becoming a seller unless I'm absolutely forced to, so I've never tried this method; but I bet it would work beautifully.
