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<p>[QUOTE=&quot;Mr. Coin Lover, post: 550205, member: 16060&quot;]Until this weekend I have been working a tremendous amount of hours over the last few weeks.&nbsp; I didn&#039;t have the opportunity to do anything but surf CT occasionally to keep up with what is going on. One was a thread by someone asking about how to become a coin dealer. As always many great comments and advice were given.&nbsp; One in particular I remember was regarding having an inventory.&nbsp; It gave an example of something like if you were selling shirts and one was really a big seller, you just order more from your supplier.&nbsp; With coins you have to go hunt for your inventory and hope you can find them at a price you can make a reasonable profit on.&nbsp; The other thread was from Arizona Jack&#039;s first year in the coin business to include expenses incurred going to shows, networking, and etc. Very enjoyable reading.&nbsp; I thought alot about this and if I had the time or desire to be coin dealer here is how I would do it. I would take several hundred or a couple of thousand and buy an assortment of all kinds of mint sets. I would sell them as individual coins after cracking them open.&nbsp; Of course you would have to capable of not feeling guilty for doing this, personnally I think there are enough to go around.&nbsp; I would also do it on ebay and possibly coinbug also.&nbsp; To me there are several advantages to doing this.</p><p>#1-Your initial investment would not be that hudge while giving you an opportunity to really see if you like it, can fit it into your schedule, and learn how to operate a business if no prior experience.&nbsp; #2-The supply is there whether buy yearly from the mint, the secondary market, or a combination of the two.&nbsp; #3-The demand is there.&nbsp; Several dealers do this on ebay and have been doing it for years.&nbsp; They sell a high volume and actually their ROI appears to be quite good.&nbsp; They also make some profit in their S/H, but be careful here and don&#039;t get greedy IMO.&nbsp; #4-Since you are selling coins from various types of mint sets your feedback should remain high.&nbsp; I would think the main thing you would have to be on the watch for are cloudy/hazy proofs.&nbsp; #5-I&#039;m positive some of these dealers have stock photos they use to save time and expenses.&nbsp; With the type of coins you are selling I&#039;m not so sure this is all that bad especially if you mention it.&nbsp; #6- It goes along with the feedback, but I would doubt you have hardly any returns, yet I also think you could be very customer oriented in this area, and be safe doing so.&nbsp; #7-All the while you are gaining experience and hopefully making some money. You could use the profit to SLOWLY start to add to your product line the &quot;rare/highly collectable/whatever you want to call them&quot; coins. I would make sure as I do this&nbsp; I was well read on the coins I&#039;m about to venture into.&nbsp; One of the things I remember that Jack said was to keep ypur emotions out of it. #8- If it works great.&nbsp; If it doesn&#039;t you aren&#039;t in debt over it and your losses will not be hanging over you for years.[/QUOTE]</p><p><br /></p>

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