Seeing Opportunities Others Miss - Paper Money

How times have changed since I started collecting money as a child. In my book, 31 Steps to Your Millions in Antiques and Collectibles, I tell about how I would go to the bank and purchase rolls of coins, take them home then, sort them so that I could keep the silver ones and any rare copper pennies for my collection. After doing this, I returned the others to the bank and exchanged them for more rolls. I did this for several years.

When I enrolled in college, I was able to pay for my education by selling off my coin collection. Not only did this make my parents very happy, it also taught me the discipline that has served me well for most of my business career.

Jump ahead about forty-five years, this opportunity to do as I did is no longer available to young collectors, because all the silver coins became clad ones. That means the dimes, quarters and half dollars now are copper coins with a thin silver coating over the top and bottom. Back when I collected, all the coins were solid silver or copper. The clad coins resulted in coins that had little metal value. Additionally, as years passed, the mints began to produce more of each type of coin, so there were very few rare coins to be collected.

Today, if you tried to collect coins as I did, all your work would probably be in vain. But, there still might be a way to use the same principle, only with paper money. Most paper bills have a short life, because they wear out rather quickly, especially one dollar bills. But how about fives, tens, twenties, fifties and hundreds? These bills get less wear because they are larger denominations. Therefore, they last longer, and your chances of finding a rare bill among them will be greater than with the one dollar bills.

I have seen hundred dollar bills selling at action for close to two hundred dollars and tens selling for twenty five dollars or more. If you go to the bank buy several bills and find a rather rare bill, you can pull it out to sell and return the rest to the bank to start the process all over again.

In this business you have to be adaptable and be able to see opportunities that others miss. Today it’s called thinking outside the box. When I was a kid, out in the country I noticed that there were trails from the fields leading to the barn. These were areas where all the grass was worn away. I wondered why? So I sat and watched as the cows came to the barn in the evening. I saw all the cows get in a straight line and took note that the first to the barn got most of the feed. I decided then that I would always set my own course and not let others set it for me. I decided I would not follow any pack. When I arrived where the food was, I wanted to be the first to feast on the first fruits, not the leftovers. Don’t be like the cow in the herd that just follows the leader. I want our members to be leaders, not followers. By providing them the best information possible to obtain anywhere, I think their success will be assured.

Do you need college funds, retirement funds, or want a larger stash of cash for you lifestyle? The 31 Club uses a wealth building plan that can help you accumulate enough funds to last a lifetime, buying and selling antiques, collectibles, and fine art. Join the 31 Club. Learn about Art, Antiques & Collectibles. Learn How to Invest in Art, Antiques & Collectibles and build lifetime wealth. The plan is in my book. When you join today, you'll receive my 220 page book, 31 Steps to Your Millions in Antiques & Collectibles, FREE, plus MENTORING from me whenever call me. Or, order 31 Steps to Your Millions in Antiques & Collectibles and your membership is FREE and you still get mentoring. Either way, you're in. I know it sounds crazy to get all this for about $20, but I assure you, I'm offering this. If you've read this far, why not hop aboard.

"...I spent about 15 years in the antiques and collectible field
and I can tell you this is one of the best books you will ever
read about making money with art, antiques and collectibles."
-Skip McGrath, Auction Seller's Resources & EBay Powerweller

"It has been a great pleasure knowing Daryle for more than
10 years. I share his excitement in releasing this book. He is
a man of his word."
Riley Humler, Cincinnati Art Galleries
Consultant, Antique RoadShow

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Being a "Pro" in Art & Antiques

I would like to set the record straight about buying in the art and antiques world as a novice. The question often comes up to me as this: Will the blogs I write about art and higher end items serve you well in this business while you are just beginning your search for valuable items, considered a "novice" by the world's standards? My answer to you is most definitely, yes!

People who are satisfied with their life the way it is, frequently say to me, "Sure, Daryle, you can do it, because you're a pro with 45 years of experience." They are right in saying that, but the real question is this -- Do you have to wait until the time you have 45 years experience to be successful? The answer to that is a definite -- NO.

And here's a great example. I've been working with a young lady by the name of Marsha M., part of the group of 3 friends who have joined the 31 Club together and who are forming a partnership to work our program. I usually talk to Marsha at least once a day and answer her questions on a multitude of subjects. This has been one of the high points for me in forming the club. Finding a person who wants to be successful and follow the 31 Steps to their success has served to keep me motivated. I love the connection I have to readers looking to improve the quality of their lives. I believe Marsha would call herself anything but a pro in the antique and art field, but she has the right attitude.

When I take someone with me to search for exceptional items to buy, they often ask, "How did you know that?" or "How did you spot that among all this stuff?" Sometimes I have to admit to them that it is just my instincts. Do only pros have these instincts? Let's examine whether or not this might be true as well as my statement above that you don't have to wait until you have 45 years experience to be successful.

Marsha has been a member of the 31 Club since November 6, 2007, and has not had experience in the antique, art and collectible field, so certainly would not be classified by most as a "Pro." Yesterday, when we had our daily conversation, I asked her what she had done, as Thursday is her day off from work. Yes, she does have a regular job and works very hard at it. She told me she visited a few resale stores and second hand shops, and had bought a few items but didn't really know their worth yet. Did she use her instincts? Most certainly.

So I asked her how much money she spent. She spent $25 for an etching by Mary Nimmo Moran and about $195 for two paintings by Graham Hedges.

I agreed to help her research her new finds and hoped she had a great eye so these items would serve her well. I did find that the etching will bring between $1500 and $2500. Not bad for someone that isn't a pro -- or is she? If being a pro means you make wise investments, then she might qualify. Later, she called me and told me she spent most of the night researching, and found that works by "Graham," just like hers, are bringing $750 - $1,500 at auctions in England. This confirmed with what my research had come up with. So let's put a pencil to it.

If she receives $2,000 for the etching and $2,000 for the two paintings, now she's got $4,000 from an investment of $220. She'd make about twenty times her investment. I think that just elevated her to "pro," don't you? Marsha, I hope you wear the title proudly. My only question to all my other readers is this: Have you gotten started yet? If you have, then you have the right attitude. But, if you haven't, why not?

Marsha will most likely make twenty times her investment. The 31 Club plan is based upon making a minimum of double your investment. When Marsha completes this sale, she'll blow past many of the other steps, and be well on her way, leaving those of you sitting on the sidelines in the dust. And if you are one of those sitting on the sidelines, ask yourself this: How many times a year would you have to buy and sell before the money starts making a difference in your life?

If you've been following these blogs but haven't joined with us, what's stopping you? Join us today! Get out of the gate and into the race in an industry that offers more opportunity to provide for you and your family then you might possibly imagine.

I'll be writing more about art in the coming days, as there is much more of the technical side of the business I want to share with you. So, keep posted. And, if you haven't joined our group yet, what's stopping you?

Discover how the 31 Club, together with our book, can be the tool that helps you begin building personal wealth using antiques, collectibles and fine art, rather than the conventional methods of using stock, bonds, and real estate investing. You won't find results like these through your bank or your stock broker! Find out more about joining our growing community of antique and art wealth builders here.

Need to read more about the 31 Club? Read an article here.

If you haven't yet had a chance to see what we've got listed in the 31 Gallery & Marketplace, click on over and take a look. You might even find a real bargain. We've got many high quality items priced reasonably. If you have a high quality piece you'd like us to find a buyer for, why not consign your item to us. No high fees when you sell with us.

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