As i stated earlier, I am a coin collector and prices of coins are based upon demand and the amount that were minted. I researched a certain series nickel that was minted from 1883 til 1912. There was a low mintage in 1885 1.4 million, and the price of that coin is going for about $480.00 in good condition. Then i noticed that in 1912, the mintage dropped drastically to 238,000. The value on this coin is only $175. in good.I asked myself, how come the 238,000 mintage is worth less than the 1.4 million mintage?
I wanted the 1912-s coin to go up in price so i started to buy them in quantity from dealers that submitted the prices to the price guide. I called dealers from california, washington state, new york, texas. and a few other states Taking whatever they had.
I also bought them towards the end of the year so they would remember my purchases fresh as they sent them to the editor of the price guide.
I purchased 42 nickels and put myself a roll togather. The price guide came out in april and sure enough, the price of this coin went up $75.00 In the lowest condition and $100.00 in a fine condition.
Now im going to concentrate on this theory again until i have about 5 rolls of this nickel.
Regardless what your hobby may be, here are some tips:
1. Buy something in low mintages or limited supply.
2. Purchase the same item in Quantity.
3. buy them from dealers that are in the price guide that submit the prices to the editor.
4. Find out if the dealer has a ebay account.
5. Find out when the price guide comes out, then you purchase the item about 6 months before it comes out.
6. If it comes out every month, buy in quantity the first 2 weeks of each month.
7. write down your buy price each time and keep it on record.
Do these steps and you should have fun doing it.
The sit up king
"125,001"
