They know the trade better than you. If they realy think they are going to make a big increase then why do they want to sell them to you instead of buying from you?
2006-10-20 21:59:40 · 19 answers · asked by Anonymous in Business & Finance ➔ Investing
best place i found for buying stamps of value and coins was not from a dealer it was a matter of visiting local auction houses and bidding on the items from scratch .buying them proved to be fruitful to my collection ,in a small box of mixed stamps i found a transvalle stamp of south africa last valued at 3,000 pounds , i had bought the box for only £3.00 .dealers are only out to make the highest profit they canand dont fuly appreciate the value of a genuine collector .i also own a teddy roussavelt stamp from his personal collection last auctioned in harmers in new york in 1843 authenticated by harmers in london this was a gift from a friend whos mother had collected them down through her family and had passed on . the collection was of no intrest to my friend and she asked if i would like to own them .grafully i accepted and again my collection was instantley enhanced by this gift .so dealers in my eyes are robbers and con people sorry .
2006-10-20 22:14:36 · answer #1 · answered by a1ways_de1_lorri_2004 4 · 0⤊ 0⤋
That is a common ploy by coin and stamp dealers to make you think the object being offered is a good deal. He/she is interested in one thing--selling the object in question. If telling you that it will increase in value does the trick, then that is what he/she will say.
One thing to remember in buying stamps and coins. Dealers normally have a 50% mark up. That is they sell them for 50% than the buy them for. So for you to buy a stamp or coin and then sell it to a dealer and make any money at all, the value will have to increase by 101%. There are exceptions to that rule. The exceptions being very rare stamps and coins. The mark up on those is generally much less, maybe only 20%.
2006-10-21 01:54:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Coins and stamps are a bad investment unless you're buying super rare items. I'm talking BIG money. They'll go up in value like a rare painting. I've been collecting coins since i was a kid. Here's the problem. The book may say a coin is worth a certain amount. But try findind someone who will buy your coins or stamps at a fair market value. You can't do it. I'd look into the gold or silver market. That you can sell back to the coin dealer.
2006-10-20 22:23:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋
stamps and other collectibles can make money, but why allow yourself to be pressured into it if you aren't fully aware of the item you are thinking of buying. Look into It by all means..
Big increase? definitely need to research that one, increase only happens according to demand. How much demand has there been for similar items. Has this sold well in the past. If you are still unsure, dont risk it.
But a word of warning, a dealer always needs to make a profit.... best to buy privately
2006-10-20 22:17:59 · answer #4 · answered by miz Destiny 3 · 0⤊ 0⤋
While the dealer may be correcy, remember that he/she is trying to sell you something.....
I don't know whether or not stamps or coins are a good investment, but if I were you'd I'd get another opinion from a qualified person, rather than just relying on the dealer
2006-10-21 06:14:42 · answer #5 · answered by thegodfather 2 · 0⤊ 0⤋
The best coins to collect, are the ones in your pocket.
Very few coins and very few stamps increase in value. Collecting should be for fun first, then investment secondary. if your main purpose is to make money, you'll lose.
2006-10-21 00:49:51 · answer #6 · answered by Me 2 · 1⤊ 0⤋
you are able to promote the stamps on Ebay. i does no longer say that they don't have any fee, yet they don't seem solid investments and ppl who offered stamps in years previous have lost $. The difficulty of the stamps is important and do not cope with them with bare palms. damaged stamps (even small creases) have little or no resale fee. Get a pair of stamp tongs (no longer drug shop tweezers which could damage em) from Ebay. I were given some new German ones for an extremely low fee. Pawn shops does no longer comprehend a lot about stamps & you would possibly want to get extra $ on Ebay. the precious ones might want to be bid on by technique of clientele in spite of a low initiate. demanding to say how a lot money this is well worth. some ppl have $1M collections. maximum do no longer. similar is going for money. Ebay is impressive because you received't get gypped by technique of a broking who sees that you do not comprehend a lot (no longer something incorrect with that-- i do not comprehend a lot about many styles of collectibles). lots of the pawn shops do not comprehend a lot about numismatic fee (collector's fee) of the money, in basic terms the precious metallic content textile. you are able to also promote rings on Ebay. some ppl do promote gold rings to pawn shops notwithstanding the fee is depending on the gold or silver content textile (frequently no longer a lot), no longer at one of those the jewellery.
2016-12-05 01:45:41 · answer #7 · answered by ? 4 · 0⤊ 0⤋
yes coins have great value but some are worthless The ones you go to check out at fleamarkets and yard sales sometimes people are unaware of what they may have alot of value and never bother to
inquire so if you like to collect thats nice but rare coins are another whole part of collection
2006-10-20 22:10:54 · answer #8 · answered by .................................... 4 · 0⤊ 0⤋
I think you answered the question yourself!
The only thing i will say is dealers are normally greedy and dont want to wait for thier cash! and so they are willing to sell them now to make a quick buck!! :-)
2006-10-20 22:08:03 · answer #9 · answered by kirsty m 3 · 0⤊ 0⤋
the dealer just wants to make money off of you, even though they may increase in value...they would keep them if they are so valuable
2006-10-20 22:00:54 · answer #10 · answered by guru 5 · 0⤊ 0⤋