• When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

ARE ALL THE COIN DEALERS LOSING MONEY? OR COULD IT BE THE BUYER GETTING RIPPED OFF

0
Wilsoncoinz

1,177 views

Well sir that's a really nice coin looks to be about Au 55 I have several complete 65 SMS sets available over here if you want to take a look.....I was still in awe of his ability to grade my coin from six feet away considering I just cut it out of the same SMS set he's trying to sell me ............. So the real question is why is he selling me the set and I'm looking at the 65 Kennedy in the display...

Yes the display case has a 65 Kennedy in my opinion ( USING MY TWO FOOT AWAY GRADING ABILITY )That is in mint condition no different then the one just 15 min before I cut out of the set and carefully placed in an airtight holder and the kicker was he was asking for more money for the single coin then the whole set..... Then it hit me !! No wonder he wants more for the single coin it's graded I will leave out the grading company's name but there's only two that anyone seems to take seriously and we small guys in the coin collecting industry can't afford the ridiculous prices especially when 70% of the coins are rarely more than the cost to grade and if that wasn't enough if you do have one that exceeds normal value you guys take more based on the value you decide it's worth, in which you are never guaranteed to get because your value is based on how many there are that have graded that high and yet you can buy a raw coin in a 2cent coin flip for more than that MS 65 that has a sealed plastic cover and cool hologram on one side that some insufficiently_thoughtful_person paid 40-to 50 bucks to get graded and now his 40.00 coin is not selling and he's already paid double that for it and yet there's dealers that are auctioning off coins you value at 175.00 for 38.00 and a year later still can't determine from one day to the next how much the coin is worth and these coins are already graded .. by you (the grading company)so anyway my point is I have been selling and trading and buying and am stuck on what I call a reality check.!!! The coin collecting is fun and I enjoy it but I've been told before it's like cocaine it's addictive and expensive and the one's who do it often have money and I don't I went from looking for errors on pennies which nobody buys to selling about 300 to 400 pre 65 Roosevelt dimes for a friend at 80 cent a piece so I made about 15 cent off each one and now am out of inventory and have accumulated all kinds of NCG and PCGS graded coins that I should be able to make better money on .I thought I had the hang of it until tonight when I realized I have spent about 300.00 bucks on beautiful coins I can't touch and no matter how little I got them for I can't get close to the actual value of them because everybody is always trying to get the better deal.So guess I will wait on some advise that maybe someone who reads this may have to how to make this hobby a job because I actually enjoy this and you wouldn't know it because I always feel like I'm the one who gets the sh*t end of the stick when it comes to who gets the better deal .So in closing why can I get a value on my coin yesterday but not today?Why does my coin have so many titles and yet I haven't seen another one for sale yet with the same title !! I'm referring to my 2014 S-high relief Early release 50th Anniversary sp 69 Enhanced Finish silver Kennedy half dollar that yesterday you had valued at 175.00 with only 217 of them graded and today no value or details and I bought another one for 50.00 today that has a little less title than mine and again no value?

16736.thumb.JPG.58094c5fbaaf2947faaa8790e8a07064.JPG

To see old comments for this Journal entry, click here. New comments can be added below.

0



0 Comments


Recommended Comments

There are no comments to display.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now