Have you ever bought a raw coin...

1Mike1

Have you ever bought a raw coin that in your opinion was not that great and you would never buy it for your own collection but you buy it thinking you can pass it along with a profit? I've never sold a coin that wasn't in my collection prior to selling it so I have a difficult time looking at coins that I don't want myself but have in mind to try to make a small profit from it. What do you think the best approach would be, buy and sell only what you would enjoy owning or buy and sell whatever you can profit on?

LanceNewmanOCC

.
i have to split the difference. 90% i try to only sell what i'd like to own and the other 10% are items i buy for re-sale for a variety of reasons

i see stuff i have no interest in but know others do have, so i bend occasionally
.

keets

that's how dealers make a living.

Justlooking

If it's "not that great," why would someone else buy it from you?

Edscoin

Not all people might enjoy the same coins you do for your collection,
But might enjoy a coin you could make a profit on.

jmj3esq

All the time.

s4ny

I have bought hundreds of raw coins. I am guessing over 500.

messydesk

Whenever I can, I do this. Profits from flipping stuff, whether raw coins in 2x2s or mint products, help pay for what I want to keep.

Pokermandude

More often than I'd like to admit. At the right price I usually can't help myself from pulling the trigger on just about anything

BAJJERFAN

<< <i>If it's "not that great," why would someone else buy it from you? >>



Not everyone sees it that way. Some don't know the difference and believe it or not some don't care.

SeattleSlammer

<< <i>that's how dealers make a living. >>




+1

Walkerguy21D

<< <i><< If it's "not that great," why would someone else buy it from you? >>
Not everyone sees it that way. Some don't know the difference and believe it or not some don't care. >>


+1......very recent example, dealer at the local show had a NEWP 1795 large cent, plain edge variety, VG details, a few light patches of corrosion and verdigris, otherwise decent
detail, date, etc. $85......I already have a nice smooth 'perfect' VG in my set, but figured this was easily $150+ coin, so I snapped it up.
Next day some friends stopped over before going out to dinner, and I showed it to him, and he quickly said 'hey I need one of those, and it's only $85!' since my price paid was still on it.....umm, that's what I paid, and I think it's worth quite a bit more than that, but you can have it for $100....Sold!