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<p>[QUOTE="Lehigh96, post: 4620710, member: 15309"]The ability to grade coins in relation to your success depends heavily on the material you are going to be selling. What you showed in your original post was common modern stuff and silver bullion. I didn’t see a single coin that was worthy of professional grading. However, if you have higher grade material that you haven’t shown, you will need the ability to evaluate a coin and accurately predict what the TPGs will grade that coin.</p><p><br /></p><p>The problem is that I don’t know the market for graded material in Canada. US collectors want coins worth more than $50 in TPG plastic, otherwise it will languish in you inventory. I understand that you are looking for advice, but we could better advise you if you were to display some of your knowledge of Canadian coins and the Canadian coin market, as well as what types of coins you are going to specialize in on E-Bay. </p><p><br /></p><p>I sincerely think the reason you are getting pushback in this thread is because some of the members are skeptical about your numismatic acumen, and rather than trying to convince them of the feasibility of your plan, you are getting defensive. If you mention your passion or online business course again, I envision legions of members rolling their eyes in unison. It takes more than passion and basic business knowledge to succeed in selling coins online, it takes numismatic expertise and for lack of a better term, a honey hole. </p><p><br /></p><p>You need a source where you can purchase coins at or below wholesale level. Between seller’s fees (EBay & PayPal) and S&H and supplies, you are going to lose 15% right off the top. So in order to make just 5%, you need a spread of 20%. Do you have a source that allows you a 20% spread between your sale price and purchase price?</p><p><br /></p><p>You have to remember, this isn’t our first rodeo, and you are not the first person to ask for this kind of advice, which also feeds into the negativity you are experiencing. The track record of your predecessors was, well, not good.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 4620710, member: 15309"]The ability to grade coins in relation to your success depends heavily on the material you are going to be selling. What you showed in your original post was common modern stuff and silver bullion. I didn’t see a single coin that was worthy of professional grading. However, if you have higher grade material that you haven’t shown, you will need the ability to evaluate a coin and accurately predict what the TPGs will grade that coin. The problem is that I don’t know the market for graded material in Canada. US collectors want coins worth more than $50 in TPG plastic, otherwise it will languish in you inventory. I understand that you are looking for advice, but we could better advise you if you were to display some of your knowledge of Canadian coins and the Canadian coin market, as well as what types of coins you are going to specialize in on E-Bay. I sincerely think the reason you are getting pushback in this thread is because some of the members are skeptical about your numismatic acumen, and rather than trying to convince them of the feasibility of your plan, you are getting defensive. If you mention your passion or online business course again, I envision legions of members rolling their eyes in unison. It takes more than passion and basic business knowledge to succeed in selling coins online, it takes numismatic expertise and for lack of a better term, a honey hole. You need a source where you can purchase coins at or below wholesale level. Between seller’s fees (EBay & PayPal) and S&H and supplies, you are going to lose 15% right off the top. So in order to make just 5%, you need a spread of 20%. Do you have a source that allows you a 20% spread between your sale price and purchase price? You have to remember, this isn’t our first rodeo, and you are not the first person to ask for this kind of advice, which also feeds into the negativity you are experiencing. The track record of your predecessors was, well, not good.[/QUOTE]
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