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Re: 5 Worst Buys in Coin Collecting 2026 according to TheCoinGeek
That's really unfair to ANACS. The eBay comment isn't really about something you buy. And "grading fees" is #2 which is also really kind of unfair without more parameters. And sure, gambling is gambling. But speculating on the future price of any coin is a different type of gambling from mystery boxes. So, "don't buy any… -
Re: 5 Worst Buys in Coin Collecting 2026 according to TheCoinGeek
"Shops buy at advantageous prices but have limited ability to retail most of what they buy. If the rest of your business model is working you don't even have time to sell on eBay. What I meant was the above is true if you're selling large volumes of great classic coins you aren't even going to get in a lot of other stuff… -
Re: 5 Worst Buys in Coin Collecting 2026 according to TheCoinGeek
Like everything those are just general guidelines, especially for new collectors who want to slab things they find in their pocket. I find ANACS useful for a cheap way to authenticate a commonly counterfeited coin found in circulation and they have done a few dozen for me that all ended up selling -- all Lincoln cents like… -
Re: 5 Worst Buys in Coin Collecting 2026 according to TheCoinGeek
See, J-roc, this is where I’d respectfully opine that you’ have a bit of a pro- eBay bias that stems from your own perspective, which is normal and to be expected. That said, I think your reverse generalization doesn’t add up for many others. For one, myself, but I think his greater point was that people who don’t value… -
5 Worst Buys in Coin Collecting 2026 according to TheCoinGeek
And his number #1 I wholeheartedly agree with. . quote on #1 - ‘I wouldn't recommend you do this with your own money’. . https://www.youtube.com/watch?v=8ighzn0nRPc -
Re: 5 Worst Buys in Coin Collecting 2026 according to TheCoinGeek
I've been collecting now for over 20 years and have found that __selling_ on ebay is a part of being a coin collector. For instance when replacing a certain coin in my collection I sometimes like to sell the duplicate. Does that make sense? -
Re: 5 Worst Buys in Coin Collecting 2026 according to TheCoinGeek
Yeah, that pretty much describes a large piece of what i do. In most years, my pre-tax profit is $10k to $15k. My best year, or was just under $30k. That probably works out to a bit over minimum wage if you figure roughly 10-15 hours per week. But that's why i keep my day job and benefits. It's basically my TV time and… -
Re: 5 Worst Buys in Coin Collecting 2026 according to TheCoinGeek
As the senior ANACS rep, I obviously disagree with the assessment in the video. A few things: * We do not consider ourselves a direct competitor to PCGS/NGC/CACG. We are focusing on everyday collectors, who are buying the best they can afford and need a less-costly way to get their coins graded and authenticated. This is… -
Re: 5 Worst Buys in Coin Collecting 2026 according to TheCoinGeek
I agree with all of that. But he specifically said that it is better to sell it to him because of fees and invested time. And I agree, especially with things like bullion and low bid/ask spreads. I SAID IT MYSELF earlier. But it is really odd that he would single out eBay fees as "worst buys" when I can think of a dozen… -
Re: 5 Worst Buys in Coin Collecting 2026 according to TheCoinGeek
I thought he was just going to give the worst investments for 2026. Some of those are bad regardless of the year. I expected him to mention some of the overpriced offerings from the US Mint for semiquincentennial coins. There will be winners and losers.
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