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<p>[QUOTE="National dealer, post: 11729, member: 487"]A lot of people think that coin companies are such money makers. That is the lure of buying and selling money. It is no different than any other business. First, you must know your product. Then you must know your market. When you look at these large public traded companies, you have to take into consideration the stock price. Then you have to break down each of the areas of their business. Both firms listed are or were involved in far more than just buying and selling coins. You can't compare apples with oranges.</p><p><br /></p><p>As far as profits go, there really is no average. Most dealers start at 20 to 30 percent in sales. Then once you figure out wages, benefits, storage, security, leases, traveling, operating budgets, losses, fluxuations in the market, and 100 other things it all depends on the size of the company and the staff.[/QUOTE]</p><p><br /></p>
[QUOTE="National dealer, post: 11729, member: 487"]A lot of people think that coin companies are such money makers. That is the lure of buying and selling money. It is no different than any other business. First, you must know your product. Then you must know your market. When you look at these large public traded companies, you have to take into consideration the stock price. Then you have to break down each of the areas of their business. Both firms listed are or were involved in far more than just buying and selling coins. You can't compare apples with oranges. As far as profits go, there really is no average. Most dealers start at 20 to 30 percent in sales. Then once you figure out wages, benefits, storage, security, leases, traveling, operating budgets, losses, fluxuations in the market, and 100 other things it all depends on the size of the company and the staff.[/QUOTE]
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