If you've been collecting coins for a while, you know about the 1943 steel penny, issued by the U.S. Mint during World War II when copper was needed for the war effort. They're not very valuable except to die-hard collectors. What you might not know is that certain pennies from 1943 and 1944 may be worth much more than the typical pennies from those years because of how the minting process works.
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Making a profitable business out of crafting is more work than just find an online venue to sell your stock. Growing a business takes years of work, countless hours networking, and knowledge on what the buyers really want. Here are a few tips to help you find some of that knowledge and grow your hobby into a money-making endeavor.
Know your audience before building your products.
Before you can settle into selling your goods, you'll need to figure out what types of people you want to be selling to.
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When you're out shopping for jewelry to update your outfits or to give as gifts, you may be overwhelmed by the endless variety of styles available at any given time. It's true that you should choose jewelry pieces you love and know you'll wear, but it's also good to be familiar with a few of the current trends.
Here are 3 jewelry attitudes that will open up your fashion and gift possibilities:
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Finding a gold buyer that will offer you a fair and reasonable price for your pieces is a bit difficult to do. This is why it is recommended to spend some time shopping around before committing. In addition, you can consider selling your pieces to a refinery. A gold refinery is typically able to provide you with a better price for your gold than smaller shops would. Whether you find yourself in control of an estate or are looking to offload a large collection of gold jewelry, there are a few tips you need to consider when selling your gold jewelry to a refinery.
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Many businesses have emerged in the recent years offering to buy worn-out or unwanted gold jewelry. Whether you are looking for extra cash or downsizing your collection of unused jewelry, you will want to take time to consider some basics before diving into the gold selling pool.
Know how your gold is valued
According the Federal Trade Commission, all gold sold in the U.S. must be described in terms of its karat.
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