Do you submit raw coins and resale them to help pay for your collection?

fivecents · November 28, 2005 12:10AM

This technique has worked well for me.

mgoodm3 · November 28, 2005 12:18AM

No, I submit raw coins to help pay for your collection. I really haven't hardly made any money on slabs.

mercurydimeguy · November 28, 2005 12:32AM

Yup, without doing this I wouldn't have nearly as much $$ to put towards my coin collection.

ColonialCoinUnion · November 28, 2005 12:49AM

Yes, from time to time.

I buy selectively things that are interesting or that have some special provenance and then resell many of them.

p8nt · November 28, 2005 12:57AM

I do. My collection so far has been built entirely with profit from these sales. And I have some left over.

Numismanic · November 28, 2005 1:13AM

I buy coins already slabbed, and when I upgrade sell them at a loss. This technique has
worked well for me.

coinlieutenant · November 28, 2005 1:16AM

Yes.

hedgehog847 · November 28, 2005 1:18AM

And, from where do you prefer to buy your raw coins?

fivecents · November 28, 2005 7:14AM

<< <i>I buy coins already slabbed, and when I upgrade sell them at a loss. This technique has worked well for me. >>

I think we are all a part of that club.

<< <i>And, from where do you prefer to buy your raw coins? >>

I find most coins worthy of submitting for profit at Coin shows, Local coin shops and a local weekly coin auction.

TorinoCobra71 · November 28, 2005 7:24AM

You know it...........

TorinoCobra71

itsnotjustme · November 28, 2005 7:25AM

I have done this with moderns.... all offset by tax losses of course.... it's great when I can pull a state quarter from a bank roll, slab it, and sell it for enough to buy an AU Bust Half! (Honestly finding a coin like that takes luck, patience, and a good eye to not grade too many losers)

fivecents · November 28, 2005 7:32AM

<< <i> it's great when I can pull a state quarter from a bank roll, slab it, and sell it for enough to buy an AU Bust Half! >>

Now that's what I am talking about.