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<p>[QUOTE="Hobo, post: 1001649, member: 11521"]ANA offers a course entitled 'The Business of Being a Coin Dealer' at its annual Summer Seminar in Colorado Springs. (I took the course a few years ago when it was called 'So You Want To Be A Coin Dealer'.) That course will give you the information you need to get started in the business. </p><p> </p><p>I would also recommend that you talk to other dealers and ask how they got started, what worked and what didn't work, where they get their inventory, etc. A good place to do that is at coin shows. </p><p> </p><p>Speaking of coin shows, you should attend as many as you can so you can see how the dealers operate and so you can get your hands on as many coins as possible. The more coins you handle the better you will be at grading and spotting counterfeit and altered coins. </p><p> </p><p>You should consider starting out as a vest pocket dealer. Make the rounds at coin shows and coin shops looking for the coins your buyers want. You won't have to buy a table at a coin show if you are a vest pocket dealer (but don't let them catch you doing a lot of deals in their aisles). </p><p> </p><p>You have only been collecting for a year so you probably have a lot to learn. I would recommend that you concentrate on your grading skills and your counterfeit detection skills. (ANA offers excellent grading courses - Beginner, Intermediate and Advanced - and excellent counterfeit detection courses every year at Summer Seminar.) I would also suggest that you pick a general area in which you wish to specialize (e.g., Morgan Dollars, Lincoln Cents, IHCs, Seated Liberty coins, Barber coins, etc.); you cannot be an expert in everything (especially when you are new to coins) so limiting the coins you primarily deal in will allow you to become an "expert" in that series quicker. You can always expand your area of expertise later. (Your customers may steer you in the direction of other series. Go with the flow.) </p><p> </p><p>Good luck and keep us posted on your progress.[/QUOTE]</p><p><br /></p>
[QUOTE="Hobo, post: 1001649, member: 11521"]ANA offers a course entitled 'The Business of Being a Coin Dealer' at its annual Summer Seminar in Colorado Springs. (I took the course a few years ago when it was called 'So You Want To Be A Coin Dealer'.) That course will give you the information you need to get started in the business. I would also recommend that you talk to other dealers and ask how they got started, what worked and what didn't work, where they get their inventory, etc. A good place to do that is at coin shows. Speaking of coin shows, you should attend as many as you can so you can see how the dealers operate and so you can get your hands on as many coins as possible. The more coins you handle the better you will be at grading and spotting counterfeit and altered coins. You should consider starting out as a vest pocket dealer. Make the rounds at coin shows and coin shops looking for the coins your buyers want. You won't have to buy a table at a coin show if you are a vest pocket dealer (but don't let them catch you doing a lot of deals in their aisles). You have only been collecting for a year so you probably have a lot to learn. I would recommend that you concentrate on your grading skills and your counterfeit detection skills. (ANA offers excellent grading courses - Beginner, Intermediate and Advanced - and excellent counterfeit detection courses every year at Summer Seminar.) I would also suggest that you pick a general area in which you wish to specialize (e.g., Morgan Dollars, Lincoln Cents, IHCs, Seated Liberty coins, Barber coins, etc.); you cannot be an expert in everything (especially when you are new to coins) so limiting the coins you primarily deal in will allow you to become an "expert" in that series quicker. You can always expand your area of expertise later. (Your customers may steer you in the direction of other series. Go with the flow.) Good luck and keep us posted on your progress.[/QUOTE]
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