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Posted 02/13/2017 6:40 pm
Thanks to all for your comments. I really do not have a fully formed plan with this as of yet, and may not form one. My research so far shows that it will be a very close margin at best. The benefit is definitely in the hands of the bullion companies. I was comparing the average price per coin for bags of various sizes to the lowest prices in the online price guides like Coin World or USA Coin Book. I have also looked at the low end of completed sales on E-B. All of this depends on the condition of the coins involved, but people putting together lowball sets are paying more for Poor or Fair smooth coins with no major hits. With the low margin, fees for ebay, fees for PayPal, 2x2 flips, and shipping there is probably not any room for profit. Fortunately, as stated earlier, I am not looking to make much except to add some acceptable coins to my collection and have some fun looking through larger volumes to cherry-pick.
The profit motive here was to start at low levels I can afford, like one roll at a time. Eventually roll any excess into buying two rolls, a small bag, then a large bag...etc. This would take some time, but may be fun. For now, this is just a feasibility study.
The profit motive here was to start at low levels I can afford, like one roll at a time. Eventually roll any excess into buying two rolls, a small bag, then a large bag...etc. This would take some time, but may be fun. For now, this is just a feasibility study.
