Monday, January 3, 2011

When the going gets tough.....

....the tough check out police auctions!?

With not seeing much in the local area, I thought trying a new tactic might work.  Instead of trying to buy local, and sell global......I reversed it.

There seemed to by alot of classifieds of people wanting to buy coins in my area.  These collectors can be very specific in what the are looking for, but most list exactly what they want, so all that needed to be done were to find those rare ones in a sea of not so rare ones!


I searched on auction websites, or out of my area craigslist pages, to see if there was much out there that i could get shipped to me.  Theres alot, alot, alot!  Prices are like retail and I'm looking for wholesale.

I remembered stumbling across a site awhile back that was essentially the ebay of police auctions, and checked it out.  They had a whole coin section!!  

What I did from there was to check out the coins they were selling, then cross reference what they were selling for on more public auction sites.  If I found any that were well under that value, I bid.  



An Indian head penny and a barber dime! 1902 and 1911 for a cost of $7.

I think its so neat to hold something in your hand that is over 100 years old.  Makes you think where have these coins been, what did they buy, whose pocket did they jingle in?  The answers we may never know, but we can imagine some pretty exciting ones!



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