A young man who got bored of working as a labourer on a building site now makes up to ￡70,000 a year selling rare coins on eBay. James Grear, 20, from Bristol, set up The Coin Supplier with his friend Harry when they were both 18 and looking to increase the ￡9 an hour they earned in the construction trade.
They got the idea for the company after Mr Grear noticed a rare WWF 50p from 2011 that was selling for eight times its value on eBay and realised there was cash to be made.
They initially struggled to find enough rare coins to sell — as they were limited to get ￡100 of change a day from banks and could not find enough cash.But two years later, the company now has made between ￡50,000 and ￡70,000 a year, with coins sold under fixed prices rather than auctioned.
Mr Grear told Sun Online's Tara Evans,“I will sit down and observe all the coins. Since we started, I've learnt which coins are good and got much quicker at it. It wasn't easy to find a supplier. We had to go out and find people that would support our business.” Harry left to travel the world， so Mr Grear now runs the firm from his bedroom, although he hopes to move into an office soon.
There is plenty of money to be made in selling rare and unusual coins, as our guide shows below.But be careful — not all coins that look unusual will be worth anything extra. Yasmin Britton, of Change Checker, says, “It could be that the coin is a mis-strike, so the stamp is not central or complete. This can happen when a tiny bit of dirt gets into the machine and does not mean a coin is rare or valuable. People may have kept their coins for various reasons and it's even possible the coin is not real.”
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