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<p>[QUOTE="19Lyds, post: 1799171, member: 15929"]I don't think the $2,000 will be quite enough Tim. Minimum, to be a Real Coin Dealer instead of a Coin Dealer Wannabee will require a minimum of $50,000 along with a reputation which would allow you to "borrow" from Peter to sell to "Paul" and then repay "Peter", keeping whatever profits are left over.</p><p> </p><p>Us coin dealer wannabees take the easy way out and sell stuff on eBay. Low overhead (i.e. cost of a PC and internet connection and shipping supplies) and we get to work our own hours. All part time of course.</p><p> </p><p>I used to entertain the thought of opening a B&M but from what I figure, I'd need to have access to about 500 grand to give it a half way decent shot. (Traveling to Coin shows and rubbing shoulders with fellow dealers ain't cheep you know!)</p><p>I'd also have to have a "source" of stuff to sell. Whether they are walkin's or bulk email purchases from other dealers is unimportant. I can't buy without having something to buy it with!</p><p> </p><p>I do applaud your enthusiasm though. I believe that you will learn something once you move ahead with the "idea". Hopefully, your parents won't have to pick up the pieces.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1799171, member: 15929"]I don't think the $2,000 will be quite enough Tim. Minimum, to be a Real Coin Dealer instead of a Coin Dealer Wannabee will require a minimum of $50,000 along with a reputation which would allow you to "borrow" from Peter to sell to "Paul" and then repay "Peter", keeping whatever profits are left over. Us coin dealer wannabees take the easy way out and sell stuff on eBay. Low overhead (i.e. cost of a PC and internet connection and shipping supplies) and we get to work our own hours. All part time of course. I used to entertain the thought of opening a B&M but from what I figure, I'd need to have access to about 500 grand to give it a half way decent shot. (Traveling to Coin shows and rubbing shoulders with fellow dealers ain't cheep you know!) I'd also have to have a "source" of stuff to sell. Whether they are walkin's or bulk email purchases from other dealers is unimportant. I can't buy without having something to buy it with! I do applaud your enthusiasm though. I believe that you will learn something once you move ahead with the "idea". Hopefully, your parents won't have to pick up the pieces.[/QUOTE]
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