Profit

StuckOnSilver · October 31, 2005 7:39AM

How long do you typically hold onto coins you don't really collect (not your speciality) once you realize you can sell them for a profit?

relayer · October 31, 2005 7:40AM

2 seconds

pharmer · October 31, 2005 7:49AM

Russ · October 31, 2005 7:52AM

I won't even buy it unless I think it's already profitable.

Russ, NCNE

Man · October 31, 2005 8:38AM

What's this "profit" you speak of?

coinnut86 · October 31, 2005 8:40AM

well, I dont, or havent sold any coins, I buy only. I did however notice that the silver proof set for 1999 went for over $350 on ebay a month or so ago, I was telling a friend (non collector) about the set, and he went an bought a silver 2005 proof set, hoping to sell it in about 6 years to make a quick profit...

Myqqy · October 31, 2005 8:59AM

I don't acquire coins that I don't collect, so I don't have the profit problem that you speak of......

LanLord · October 31, 2005 9:48AM

Coins are supposed to be sold? I only buy. Dam, I knew I was doing something wrong.

mgoodm3 · October 31, 2005 9:54AM

Figured that a thread with the title "profit" would attract Russ.

CarlWohlforth · October 31, 2005 10:06AM

If anybody is buying coins in the hopes of selling them for a profit in the future they should try selling something now. It is educational and will help future buying.

CalGold · October 31, 2005 10:06AM

<< <i>I won't even buy it unless I think it's already profitable. >>

Leave it Russ to find a way to get Kennedy halves for $0.49.

CG

Shamika · October 31, 2005 10:17AM

I never buy a coin with the intention of profit. I consider it a blessing when it happens; nothing more.

Conder101 · October 31, 2005 11:42PM

They aren't eating anything, so they are still tossed over there in the box in the corner.

19Lyds · November 1, 2005 1:43AM

<< <i>Coins are supposed to be sold? I only buy. Dam, I knew I was doing something wrong. >>

You're still ahead of me as it seems like I GIVE everything away! Where are the bidding wars when ya really need em?

itsnotjustme · November 1, 2005 3:25AM

I once bought rolls of silver coin for under face at an estate auction. The listing just said roll silver quarters. I had looked at the lot and knew it was several rolls!

majorbigtime · November 1, 2005 2:40PM

<< <i>If anybody is buying coins in the hopes of selling them for a profit in the future they should try selling something now. It is educational and will help future buying. >>

A very good point.

It's much easier to buy than to sell

Russ · November 2, 2005 2:10AM

<< <i>It's much easier to buy than to sell >>

Only if you're buying and selling junk. With quality material, the opposite is the case right now.

Russ, NCNE

eyoung429 · November 2, 2005 2:52AM

Well, there are several ebray'rs that have in the past and currently bought coins and had them back up for auction even before paying for the original coins.

Same said true with mint series.....read some of the auctions and they are selling coins that the mint hasn't fufilled on orders yet.....

TOMCATTOM · November 2, 2005 7:12AM

What !!! sell my babys????????? no way, they are mine, and you can't have them.

Profit

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