Message:

<p>[QUOTE=&quot;NPCoin, post: 909811, member: 5629&quot;]I would disagree that the simple fact of selling a coin (or even a large number of coins) makes you a dealer.&nbsp; There are a number of people who sell quite a few coins as a capital gain.&nbsp; They sell as a personal individual, and buy as a personal individual.&nbsp; The gains may or may not be used to help support their livelihood. Yet, I would not consider them to be dealers.</p><p><br /></p><p>Investors or speculators, yes.&nbsp; But, not dealers.</p><p><br /></p><p>Likewise, I buy and sell coins, but do not consider myself a dealer.&nbsp; I do so in a professional capacity as a business, but it is more a secondary or second-hand result of the primary function of my business which is information services and consulting.</p><p><br /></p><p>I advise my clients on current market trends, appraise their portfolios, accept consignments, sometimes even purchasing directly from them or sell directly to them to help strengthen their portfolios or liquidate them.&nbsp; I work as a finder, and make referrals to other professionals in the industry for services I do not offer.</p><p><br /></p><p>I make some purchases for the sole purpose of research, photography and publication, and educational presentation.&nbsp; These purchases will later be liquidated (sold) to recover some costs.&nbsp; Wholesale publications will sometimes be purchased for distribution or sale to my clients, or later to the public after my clients&#039; needs have been fulfilled.</p><p><br /></p><p>Yet, in all of this, the purchase of coins for the sole purpose of turning a profit from it, is not the focus of my business.&nbsp; And even then, investors do as such when they hold a portfolio; and speculators, likewise, when they buy and sell based on market trends and indicators for a quick profit.&nbsp; And I still do not view such people as dealers.</p><p><br /></p><p>To me, a dealer is one whose focus in the industry is to purposefully move coins through the market with the intent of making a profit.&nbsp; A dealer may or may not hold an inventory.&nbsp; A dealer may act as an appraiser or consultant from time to time, but the primary focus is to be a market maker.</p><p><br /></p><p>Thus, you have &quot;foreign coin dealers&quot; and &quot;United States coin dealers&quot; and &quot;gold coin dealers&quot;.&nbsp; And their primary focus is to turn a profit while making the market in their niche.</p><p><br /></p><p>A collector who buys and sells as part of his hobby is not a dealer.</p><p>An investor who personally liquidates his portfolio is not a dealer.</p><p>A speculator who uses trends and indicators to make short term profits irrespective of market making is not a dealer.</p><p><br /></p><p>In my opinion, that is one reason for guilds like the PNG to have such high financial standards for their member dealers: to be more assured that their members will be actual active market makers in the industry.</p><p><br /></p><p>Yet, it does not matter if you are turning a few hundred or a few hundred thousand in coins per annum.&nbsp; If you are a market maker, you are a dealer.&nbsp; And, I do not believe in things like an &quot;accidental dealer&quot;.&nbsp; One&#039;s purpose and intent largely define their role, in my opinion.</p><p><br /></p><p>That&#039;s my take on the whole thing.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in