YOU CAN MAKE A GREAT PROFIT FROM COINS AND HAVE ALL THE PARTICIPANTS VERY HAPPY (ESPECIALLY YOU).
First, you have to find someone who has a lot of coins for sell, but this seller should not be very informed about coin values. You can usually find such sellers on local classified sites (the worst place to sell coins). A couple emails or a phone call will help determine the seller’s level of knowledge regarding coin values. Next, arrange to view this lot of coins. For this viewing, you have to act very professional and appraise the coins. You must look the part with all the tools including magnifiers and scales. You will identify all the negative points about the coins regardless how minor these flaws may be. By now, the seller will feel that his coins have very little value. You ask him what he thinks his coins are worth. By now, he will probably say between $100.00 and $200.00 for the entire lot. You know this lot of coins has a retail value of approximately $1000.00 but the seller does not know this. So, you offer the seller $300.00 for his lot of coins. The seller is overjoyed because he has been offered at least double what he thought his coins are worth. He accepts the offer and is VERY HAPPY with the deal. He thinks you are the greatest for giving him more for his coins than he actually thought the coins were worth. Next, you find a coin dealer who pays cash for lots of coin. You know this dealer usually pay approximately 75% to 80% of the retail value for coins. When the dealer appraises your coins, he offers $700.00 (70% of retail value) which you know is a little low. Then, you counteroffer at $900.00 (90% of retail value) which you know is high. The dealer will probably split the difference and offer you $800.00 (80% of retail value) which is within his usual purchasing range. But, before you accept, it is worth making one final counteroffer. You say $850.00 for the entire lot and we have a deal. The dealer may split the difference and offer you $825.00 (82.5% of retail value) which you know is his upper limit. If he does not, you still have the $800.00 offer which he made. Now, it is time for you to say DEAL and shake hands.
The original seller is VERY HAPPY because he was given $300.00 for coins which he had valued between $100.00 and $200.00 for the entire lot.
You are VERY HAPPY because for a few hours of work, you made a profit of $500.00 (167% profit) or $525.00 (175% profit) on an initial investment of $300.00 that you paid for the coins.
The coin dealer is VERY HAPPY because he purchased these coins at a price where he can make a profit of $200.00 or more.
KNOWLEDGE IS MONEY Decapitalised thread title by bam777
So, do you actually collect coins? Sorry for being prude but I am not sure that we all wish to sell on the coins we buy, that rapidly.
Wish you well on your business ventures and thanks for the advice.
Quote: bam777So, do you actually collect coins? Sorry for being prude but I am not sure that we all wish to sell on the coins we buy, that rapidly.
Wish you well on your business ventures and thanks for the advice.
Yes, I collect coins for myself and my grandchildren .. mostly silver and gold.
Smart coin buying and selling gives me the ability to add really nice coins to my personal collection.
My style of buying and selling coins is like flipping houses.
Quote: Chasinva69I think he's putting us on. Nobody would really do that.
I mean, after reading that post, would anyone here really want to swap with coinsoldier?
Many do this. It is like flipping houses. Buy low and sell high. It always works with my system.
The bettter question is why would I want to swap with any of you guys. You are probably too informed about coin value for me to make large profits from your coins. I will keep monitoring the local classified sites.
This is my source of income since I became disabled trying to protect freedom of speech and capitalism.
IF YOU REQUIRE FREE ADVICE ON HOW TO MAKE MY SYSTEM WORK FOR YOU, PLEASE WRITE ME AND I WILL GIVE YOU FREE ADVICE. I JUST FINISHED A BOOK ENTITLED: HOW TO GET RICH BUYING AND SELLING SILVER COINS. IT IS SCHEDULED TO BE PUBLISHED IN DECEMBER 2012.
Quote: coinsoldierYOU CAN MAKE A GREAT PROFIT FROM COINS.
IF YOU REQUIRE FREE ADVICE ON HOW TO MAKE MY SYSTEM WORK FOR YOU, PLEASE WRITE ME AND I WILL GIVE YOU FREE ADVICE. I JUST FINISHED A BOOK ENTITLED: HOW TO GET RICH BUYING AND SELLING SILVER COINS. IT IS SCHEDULED TO BE PUBLISHED IN DECEMBER 2012.
Publishers now schedule 7 months in advance?
Didn't you announce your departure from this forum for the third(?) time earlier today?
Non illegitimis carborundum est. Excellent advice for all coins.
Make Numismatics Great Again!
Quote: coinsoldierThe bettter question is why would I want to swap with any of you guys. You are probably too informed about coin value for me to make large profits from your coins.
Ouch.
Well Numista's not really about buying or selling. It's more about a mutual trade among friendly members.
Kenny
- Verifying your Asian and British-territorial coins everyday with the best quality photos and the best information.
Quote: coinsoldierThe bettter question is why would I want to swap with any of you guys. You are probably too informed about coin value for me to make large profits from your coins.
Ouch.
Well Numista's not really about buying or selling. It's more about a mutual trade among friendly members.
The problem with some of the so called "friendly members", some of them are scam artists. I got screwed by at least 2 of the so called "friendly members". That is why I will not do swaps on this site.
Quote: coinsoldierYOU CAN MAKE A GREAT PROFIT FROM COINS.
IF YOU REQUIRE FREE ADVICE ON HOW TO MAKE MY SYSTEM WORK FOR YOU, PLEASE WRITE ME AND I WILL GIVE YOU FREE ADVICE. I JUST FINISHED A BOOK ENTITLED: HOW TO GET RICH BUYING AND SELLING SILVER COINS. IT IS SCHEDULED TO BE PUBLISHED IN DECEMBER 2012.
Publishers now schedule 7 months in advance?
Didn't you announce your departure from this forum for the third(?) time earlier today?
Yes, my publisher feels that it is best to introduce to the market during the Christmas rush, early December. Do you want an autographed copy ...FREE
ALL MY PROCEEDS WILL BE DONATED TO A FUND TO HELP INJURED SOLDIERS.
Quote: coinsoldierThe problem with some of the so called "friendly members", some of them are scam artists. I got screwed by at least 2 of the so called "friendly members". That is why I will not do swaps on this sie.
You just said it was because there were no easy pickings from the uninformed, now it's because we don't measure up to your ethical standards. Are you confused?
Those members you accuse of being scam artists.... do they have a big red warning on their profile page about being a swindler?
Non illegitimis carborundum est. Excellent advice for all coins.
Make Numismatics Great Again!
Quote: pnightingaleThose members you accuse of being scam artists.... do they have a big red warning on their profile page about being a swindler?
You are twisting my words. I run a good and legal business. When I swapped with members on this site, I met my obligations. However, as soon as I complained about not receiving my coins, I receive a poor rating.
No, there were no red flags when I made the swap.
Quote: coinsoldierYes, my publisher feels that it is best to intrioduce to the market during the Christmas rush, early December. Do you want an autographed copy ...FREE
ALL MY PROCEEDS WILL BE DONATED TO A FUND TO HELP INJURED SOLDIERS.
What's the name of your publisher? I know Steven King can get away with a 6 month submission schedule but I think I would be laughed at if I asked for one. I'd like to get in touch with yours though, he seems really cool and relaxed.
I will have to decline the book offer though, ALL CAPS give me a headache. Perhaps you could donate it to help the bereaved or elderly in need?
Non illegitimis carborundum est. Excellent advice for all coins.
Make Numismatics Great Again!
Quote: pnightingaleWhat's the name of your publisher? I know Steven King can get away with a 6 month submission schedule but I think I would be laughed at if I asked for one. I'd like to get in touch with yours though, he seems really cool and relaxed.
I will have to decline the book offer though, ALL CAPS give me a headache. Perhaps you could donate it to help the bereaved or elderly in need?
December for my coin book because September for my book on Afghanistan. That first book is entiled "A Soldier's Wounds" and it deals with both psychological and physical wounds of which I have many. So yes, I am often confused, but I only speak the truth even when others do not wish to hear it.
"Perhaps you could donate it to help the bereaved or elderly in need?"
Do not worry, I already have this covered. I donate to many caused including soldiers and their families, seniors groups, cancer research, children's hospital, food banks, church plus many more.
We can't trust anyone? I can't believe it! I didn't know the world was so cruel!
My fever's giving me outbursts of sarcasm.
Dear SMART ONE,
I have come to you because the concept is so simple.
A lady that wants to sell some coins that she inherited. She does not want the coins, she does not understand coins or coin values. She just wants a few bucks to put in her purse. Sometimes I find her, but usually she is referred to me by a previous satisfied customer. I appraise the coins, and in my opinion, the maximum retail value for these coins is $1000.00 if all the stars line up in the right direction. As you know, in the coin business, there are many uncertainities. The conservative buyer must try to take the financial variables into account. I also know that most retail dealers will pay 60% to 80% of the projected retail value (depending on a whole host of circumstances). Although we all hope for 80% from the dealer, reality means we must prepare for 60% from the dealer. If I end up getting more than 60% from the dealer, that is a bonus for me. After weighing everything, I would offer the lady $300.00 and hope to get $600.00 from some dealer. If the lady hesitated, I would go to a maximum of $350.00 for the entire lot of coins, but now I need $700.00 from the dealer - which makes it harder to complete a quick deal. Also the longer it takes me to find a dealer who will pay 70% or 80% of current retail value , the more I have to spend on travel (driver, gas, meals, and accommodations). Not all deals are big profits. Some deals have very small margins of profit. Therefore, I have to calculate carefully and make conservative offers. Sometime the deal turns out to be a good payday and this is a great bonus.
And I don't mind the fact that you deceive people without the need of luck. But bottom line, you can say your idea without sounding like a j***. It's nice that you donate money, but the money's kinda tainted. I volunteer in the community: bake sales, choirs, and fundraisers that don't involve the manipulation of people with little numismatic knowledge.
And, to be honest, I think you're plan is kinda obvious. I bought from a friend over a grand's worth of silver, unused notes, and many uncirculated old coins for only $13. I wouldn't mind doing this, but it's kinda rude to tell everyone about how you scam people. Write it any way you want.
Unneccesary word asterisked by bam777
Kenny
- Verifying your Asian and British-territorial coins everyday with the best quality photos and the best information.
We can't trust anyone? I can't believe it! I didn't know the world was so cruel!
My fever's giving me outbursts of sarcasm.
Dear SMART ONE,
I have come to you because the concept is so simole.
A lady that wants to sell some coins that she inherited. She does not want the coins, she does not understand coins or coin values. She just wants a few buck to put in her purse. Sometimes I find her, but usually she is referred to me by a previous satisfied customer. I appraise the coins, and in my opinion, the maximum retail value for these coins is $1000.00 if all the stars line up in the right direction. As you know, in the coin business, there are many uncertainities. The conservative buyer must try to take the financial variables into account. I also know that most reail dealers will pay 60% to 80% of the projected retail value (depending on a whole host of circumstances). Although we all hope for 80% from the dealer, reality means we must prepair for 60% from the dealer. If I end up getting more tha 60% from the dealer, that is a bonus for me. After weigning everything, I would offer the lady $300.00 and hope to get $600.00 from some dealer. If the lady hestitated, I would go to a maximum of $350.00 for the entire lot of coins, but now I need $700.00 from the dealer which makes it harder to complete a quick deal. Also the longer it takes me to find a dealer who will pay 70% or 80% of current retail value , the more I have to spend on travel (driver, gas, meals, and accommodations). Not all deals are big profits. Some deals have very small margins of profit. Therefore, I have to calculate carefully and make conservative offers. Sometime the deal turns out to be a good payday and this is a great bonus.
Quote: radrick007I'd just like to share with you all a saying from my late father that I try to live by:
"If you don't have anything nice to say, best to say nothing at all"
I have been wondering what to write for sometime. This comment has made me think: Take the original thread at the top: it was shouting (as capital letters can be seen to be), but the information there was informative and supposed to be friendly business inducing advice...not everyone's cup of tea...obviously.
However, some of the comments made were not a response to this thread more to the person that wrote it. I think we all need to stand back a little and not feel persecuted or under threat from some writing on a wall; that is there for us to read or not read. This is a calm hobby not cut and thrust (well not here anyway).
Quote: radrick007I'd just like to share with you all a saying from my late father that I try to live by:
"If you don't have anything nice to say, best to say nothing at all"
I have been wondering what to write for sometime. This comment has made me think: Take the original thread at the top: it was shouting (as capital letters can be seen to be), but the information there was informative and supposed to be friendly business inducing advice...not everyone's cup of tea...obviously.
However, some of the comments made were not a response to this thread more to the person that wrote it. I think we all need to stand back a little and not feel persecuted or under threat from some writing on a wall; that is there for us to read or not read. This is a calm hobby not cut and thrust (well not here anyway).
I think someone said, "Peace,"...I call for it.
ummm ... but this is not supposed to be a forum about giving business inducing advice - friendly or otherwise - is it? Indeed, earlier you posted that posts of a purely commercial nature (and that is what it is) are to be avoided. For the record, there is no way I would ever engage in a business where I give widows only a small fraction of what their coins are worth. Not right, IMHO.
Quote: bam777I think someone said, "Peace,"...I call for it.
Quote: Chasinva69ummm ... but this is not supposed to be a forum about giving business inducing advice - friendly or otherwise - is it? Indeed, earlier you posted that posts of a purely commercial nature (and that is what it is) are to be avoided. For the record, there is no way I would ever engage in a business where I give widows only a small fraction of what their coins are worth. Not right, IMHO.
Your point is well taken. This broken soldier does not have any place among real normal moral individuals.
I have seen too much and I have done too much to make me part of society ... good people like you. I do not want to taint your view of the pefect coin collector like yourself. I will never be able to meet your standards. I am quitting this site and I am giving up as a memeber of this site.(Edited by bam777)
Quote: pennyennepsorry for stating the obvious,
but its obvious to me its all hes on this site for,writing drivel and conning people,,
this thread should be totally deleted its DRIVEL,
in fact it would be doing him a favour deleting it because it shows what nonsense you would be dealing with if trading with him, this thread is a waste of SPACE in my reckoning
he was writing in another thread how "some members do a few good swaps to get feedback, then rip people off, they are getting more sophisticated!!!!!""
Thats what hes doing, and he thinks reverse psychology will put us off the scent,,, /! /!
just checked the thread he has been back and deleted what he wrote, he must have realised he had given himself up (;0
Quote: Chasinva69I think he's putting us on. Nobody would really do that.
thousands of people do this sort of thing, they are called coin dealers
thats what makes this whole thread DRIVEL,
this great idea wont work as thousands of people are already years ahead of him
Quote: Chasinva69I think he's putting us on. Nobody would really do that.
thousands of people do this sort of thing, they are called coin dealers
thats what makes this whole thread DRIVEL,
this great idea wont work as thousands of people are already years ahead of him
I think you are too cynical. Do you have any cases in point?
I have never met a dealer who would offer $800 for coins he knows are worth $7,500. That would be a profit margin of 89.3%. While dealers need to make a profit, they don't aim that high Perhaps you're thinking of pawn shops.
"I have never met a dealer who would offer $800 for coins he knows are worth $7,500." (where do you get these numbers from your imagination as they are not mentioned in the thread??)
i said coin dealers or dealers in anything... be they pawn shops or whatever,,
if you think people are not out to make as much profit as they can get away with in whichever Field they play
you are either very young or very naive
lets stop giving this thread attention and banging it to the top,,let it get buried with non DRIVEL
bam777 an radrick007 
who are you talking about