How To Make Money Selling Coins

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How To Make Money Selling Coins
How To Make Money Selling Coins

Video: How To Make Money Selling Coins

Video: How To Make Money Selling Coins
Video: How To Make Money Selling Coins 2024, December
Anonim

Numismatics, that is, collecting rare coins, is a phenomenon that has spread widely in our country, and thanks to the availability of information on the Internet, it has become not only a hobby for connoisseurs, but also a source of income for ordinary people.

How to make money selling coins
How to make money selling coins

It is necessary

  • - small start-up capital;
  • - a computer with an internet connection;
  • - time and patience.

Instructions

Step 1

Stories about people who received a rare coin worth thousands of times more than face value for change have become so popular that many are wondering whether it is worth quitting their main job and living on the income from the sale of similar coins to numismatists. Unfortunately, the reality is somewhat harsher than it seems, since the number of numismatists and rare coins is limited, while the number of those seeking to make money by selling coins is constantly increasing. Accordingly, your chances of finding a truly rare coin for next to nothing are slim.

Step 2

If you are still going to make numismatics a source of income, you should decide on the direction of your activity. First, you can search for rare modern coins that have been limited in supply. For example, a 1997 ruble coin with a wide edging costs about 10,000 rubles. A complete list of rare modern coins can be found online. Your next step will be to find such coins. It is almost impossible to get them for change, but you can negotiate with cashiers in stores or taxi drivers, because a significant amount of little things passes through them.

Step 3

Secondly, you can devote yourself to finding old coins. Of course, the easiest option is to buy such coins from older people, preferably away from the centers of civilization: in villages, towns, small towns. There is a possibility that some grandmother has a coin with the price of a new car in her piggy bank. However, it is worth remembering that other coin collectors also do not sit still, and have already bought up almost everything that was of some value. In addition, ancient coins can be found as a treasure. Amateur treasure hunting is a very popular hobby in Russia, and sometimes visiting old abandoned houses brings a good profit for metal detector enthusiasts.

Step 4

Finally, without going anywhere, you can search online auctions for cheaper coins and sell them at a higher price. Much depends on the condition of the coin at the time of sale. By buying oxidized coins at a low cost and refining them, you can profit from the subsequent sale. Naturally, it is necessary to have knowledge of the restoration of coins, so as not to spoil them by inept cleaning.

Step 5

Having found a rare coin in one way or another, you should photograph it as large as possible and post an advertisement for sale on the Internet. You can also sell it at periodic collectors' meetings or in a numismatic store.

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