Sell or not to sell

[DSCoins]

Sorry this post is so long.
I am writing this post mainly for myself as I find writing things down helps me retain the information. Due to the fact this one is coin related, I decided to make it a post.
More than likely you first started searching rolls of coins to fill up a Whitman folder you have found or where given, with some coins already filled in. Or maybe it was the State Quarter program. No matter the reason, you may have decided to search only one denomination of coins. After some time, we all ask our self; I wonder if I can make money selling my finds on E-Bay, or create my own web page? So, you find an error or variety coin, you get all exited, because you decided to sell it on E-Bay.
Now comes the work to find out how much you can sell your coin for. Where to start? Well the very first thing you need to do is find out the grade of the of the coin. I AM NOT saying to send it in to be grade by TPG’s.
You can go to PCGS Photo grade and try to match your coin. Another good place is https://coinauctionshelp.com. You can also check how much your coin is worth at this link. Another place to find your coins value is https://www.pcgs.com/prices. There is also E-Bay SOLD listings. Now what did we find? Your variety or error coin is not listed at all, or at really high grades the coin is only worth maybe 3 cents over the actual value of your coin.
You are still thinking, I am still going to send this coin in to graded. How much do think it would cost to have your coin graded as variety or error? At a minimum through PCGS $65.00 and that’s not including insurance and posted to and from the grading service. Now everywhere we looked (I’ll use a penny), gave you a price of 5 cents. We now have payed some where close to 80.00 for one that worth 5, now we have net gain oopps not gain but a net loss of $79.95. So, you put it up on E-Bay way: no matter what anyone has advised you not to do. E-Bay auction is over coin sold for .04, now are net loss is $79.96, that does not count any E-Bay or PayPal fees. Basically, you need some deep pockets or partner who also as deep pockets to purchase the inventory you would need to sell and make a profit. Lastly Daniel has great videos on this very subject.
Yes, I have thought about it also and know I don’t have the startup capital. So I sit here searching through Lincoln cents enjoying the finds I get.

[PetesPockets55]

Very well said and so true. It takes dedication and lack of social life lol: to make it work
Do it for the fun, enjoyment, and knowledge and eventually, you may stumble across some semi-valuable ones eventually.

We've all been there thinking we found something that must be valuable because there is no mention of it anywhere on the web!
So it must be extremely rare, right. NOT! It usually means no one has asked about this type of PSD (Post Strike Damage) before.
As a collector, I like ANACS because their holders are viewer-friendly (the label is visible without removing the holder from the box), they are the most affordable especially if you use show specials and they will attribute all varieties. Grading is still subjective though and I feel they grade conservatively, compared to PCGS or NGC.