Looking For Those Who Are Starting Out And Serious About Collecting...

ME, ME, ME!! Sarge50

PS: Also have some excited Boys finding errors in my box of wheat pennies! 13 & 15 year old....better then being on a PlayStation all afternoon, lol!

very happy to hear all those willing to help. I hope to be able to learn alot here. I saw just carl posted on another post but ill adress it here by the way carl I also messaged you over there so u may see it twice its got me questioning. Mybe this deserves more than one post to keep organized. There will be a follow up question to this. It may be a different post though I will mention where to find it.

How do you score a coins value is it by
A. seeing what its been sold before and then repositng it for that price?
B. grade and error and metals
C.books
D.communities
E.Store prices
F.All of the above.

I agree with F, but as a seller you must find a buyer willing to pay your price.
The book prices and store prices are too high for my liking as a buyer. I do auctions and the prices vary quite a bit.
As a seller you might have a bottom number in mind and can get higher profit at times.
There are selling fees and shipping that must be considered if not selling local. I also don't like paying sales tax on coin purchases but that's just me.

I need to think more on your responses. This could mean its also about eye appeal to the buyer. This has been helpful. I have made alot of progress with your responses to understanding better how one decides they buying price is based on what they see in part aswell as rarity for that mintage kind.

1. a true coins value is determined, by the person selling it and the person buying, when the 2 have met at an equally valued price, then the true value has been determined..

2. rarity, and grade will have a huge influence on the price, that is to be determined..

3. How motivated is the seller to sell , and how motivated is the buyer to buy..ie. will another one come up shortly..
seller,s sometimes will take less, the longer they have held the coin, and sometimes, they will sell quickly for a quick profit..

4. is the the coin new to market,this will have a huge influence to price, newly minted, or newly discovered coins, will tend to sell for more money, as more hit the market the price will fall..

Look at as many coins as you can, particularly graded ones especially with CAC stickers. Ideally you can do this in person looking around at a show, but look on Heritage/Great Collections/eBay/Legend auctions etc and you can see a lot of coins that way. You'll also get to notice which ones sell for strong money and will start to notice that often times the cheapest ones are the cheapest for a reason.

World coins and the highest end coins there's more variables like venue and timing, but general US coins can be fairly predictable in the sense of what should bring strong money and what shouldn't

How do you all feel about toning I have one and want to post a picture but the upload isn't working for me for some reason I think its busted lol