How much should you charge for your painted coin flips?
Depends. One measure is the value of your painting. The other main factor is the actual cost of the coin you’ve inserted in the flip — not what you originally paid, but today’s market for that coin in that grade.
Categorically, “pretty okay” coins are going to measure up more or less like this:
Yes, if you know how to do it, you can double the value of your money — at least the collectible part.
Here’s the deal:
You buy a coin for, let’s say, ten bucks. Then you hold it for a couple of decades and bring it back to your coin dealer. You’ll get at the maximum, five bucks for your trouble, but if you deal with wholesalers, as I do, you get a QUARTER of the price back, because they have to wholesale it for half, see?
So you’ve got some coins, but they aren’t very rare, very scarce or very desirable. In fact, they fall into the category of “junk collectibles”, which are things that only a collector could love, and for which the market is very limited. Continue reading
