1. One of the best ways to save on money while selling several hundred or several thousand coins a week is to buy bubble mailers online. They cost a dollar to over a dollar each in the post office, depending on the size of the mailer. What I did was search the internet for these bubble mailers so you don’t have to waste your time looking for them. I get them as cheap as.09¢ each! How’s that for savings. Just go to Royal Mailers and put “coinprofits” in the Coupon Code to get your discounts. You can mix and match or just buy one size. They are by far the cheapest on the internet. https://nonfungibletalk.com/
2. When gold is sky high, never buy common gold coins. Their values are based on gold spot. So their book values go up as gold goes up. Once gold goes down, they quickly lose their value.
3. When gold is down, always buy legal tender gold coins instead of bullion gold bars or bullion gold coins. Legal tender gold coins can appreciate in value faster then gold spot, whereas bullion gold only follows the value of gold.
4. When buying bullion gold, always buy the smallest increment you can buy. These little bars have the highest mark up compared to gold spot. Just make sure it’s.999 fine gold or better.
5. When buying copper coinage, always buy “red” specimens. Copper collectors go crazy for red copper coins. This is the reason why they always go up in value faster then “brown” and “red-brown” coins. MAKE SURE YOU PROTECT THEM FROM TARNISH IF YOU BUY THEM UNSLABBED!!
6. All slabs can state that a copper coin is “red-brown”. But this is always an “iffy” attribute. Sometimes it looks kind of reddish and sometimes it looks completely brown. So if you have a choice, always select a “redder” specimen. I have seen a lot of “brown” coins labeled “red-brown” so look carefully before you buy.
7. Always check a copper coin to see if it’s actually red if it is labeled “red.” Sometimes they are not red at all. Be careful of coins graded by ANACS. Some copper coins in ANACS slabs are labeled “red” even though they are really only “red-brown.”
8. Never buy unslabbed toned coins if you don’t know what’s real toning and what’s fake toning. You can easily be fooled because there are so many different ways to tone a coin. A lot of scammers artificially tone coins and grade them in bogus grading companies. So you should always only buy rainbow toned coins from PCGS, NGC, ANACS, or ICG.
9. Toned coins are nice. But, some coins have toning that doesn’t look very nice. I would never buy a coin that has blackened toning. After this blackening, you barely see the coin. So when buying toned coins, never buy coins that are too darkly toned or too lightly toned. Always choose coins with strong, bright, vibrant colors.
10. Some coins have a spot here and there, and some coins are completely spotless. It is in your best interest to buy completely “white” coins. These are easier to sell because a lot of collectors want their coins virtually spotless. This is a must for some of the newer coins such as Silver Eagles.