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Coin Books - How to Make Money in Coins Right Now, 2nd Edition
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List Price: $14.95
Our Price: $6.99
Your Save: $ 7.96 ( 53% )
Availability: In stock soon. Order now to get in line. First come, first served.
Manufacturer: House of Collectibles
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Average Customer Rating:  
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Binding: Paperback
Dewey Decimal Number: 332.63
EAN: 9780609807460
ISBN: 0609807463
Label: House of Collectibles
Manufacturer: House of Collectibles
Number Of Items: 1
Number Of Pages: 336
Publication Date: 2001-02-27
Publisher: House of Collectibles
Release Date: 2001-02-27
Studio: House of Collectibles
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Spotlight customer reviews:
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Customer Rating:
Summary: Informative
Comment: This book was laid out in a way that you could follow and understand. Very informative.
Customer Rating:
Summary: Common sense and not as helpful as I thought
Comment: This was a good book except there were no real ideas except to break out your coins from the already sealed and graded plastic cartridges and resend them back to have them graded again hoping they will upgrade their already graded grade. Hopefully, in breaking the protective case, you don't scratch them getting them out. To me, that was expensive and taking a chance on their judgement. There were no real hints that I could use other than what I was already doing.
Customer Rating:
Summary: Narrow and outdated.
Comment: While well-written, this book comprises of one theme throughout: cracking older PCGS graded coins and re-submitting them in the hope of a higher rating and a higher value. The book is very well detailed in this respect, but many of the older holders have long ago been cracked and re-submitted. Very little in other advice as far as making a profit.
Customer Rating:
Summary: Written by the professional
Comment: When you buy these kinds of books, you tend to expect some secret techniques of making money. Many books even manage to create the impression of telling you something previously undisclosed, until you try it and realise that it does not work.
This book is written by the professional in this field. Making money in coins is a business, and not such an exciting one, after all. There are a few ways of making a profit honestly (or almost honestly) in numismatics. And there is no guarantee of being succesful. Very sobering message, and this book gets it across well.
I learned a lot from this book and would recommend it to anyone interested in this business.
Customer Rating:
Summary: I tried it. It works.
Comment: I bought this book with the idea of picking up some investment coins, salting them away for a few years, and cashing out. While that may indeed work, it's not the essential theme of this book. After reading and thinking through some of the strategies, I became fascinated with the grading arbitrage game that is covered in great detail. Despite Travers' warnings about doing this online (and ebay specifically) I was able to parlay $600 into $1200 in about two months using ebay coin auctions. There is some risk involved and you absolutely must do your homework, but pretty much everything you need is discussed in this book. You can make your own price guide by using the resources on ebay; you will also need the self-discipline to not over-bid!
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Editorial Reviews:
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Can you really make money in collectible coins? And can you make it *right now* -- not after holding them for a decade or more? Scott Travers, an international coin dealer and author of four previous books on the investment/hobby, believes you can. In How To Make Money in Coins Right Now: The Ultimate Insider's Guide to the Coin Market, he dispels the myths and whispers the secrets that improve your odds in this potentially lucrative marketplace.
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