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<p>[QUOTE="National dealer, post: 3682, member: 487"]This could fill many books. The answer is not a simple one. Being a coin dealer is great for some, and a burden for others. There are several types of dealers. Starting with Vest pocket dealers. This is by far the largest section. They deal coins from their homes or places such as Ebay. Having a coin and $70 will allow you to be a "legal" coin dealer in most states. The wages are like any other profession. Yes some dealers make millions and others make a few hundred a year. Local shops will carry a few hundred thousand dollars in inventory. Larger dealers carry a million in inventory. Some travel on the show circuit. They are in a different city every few weeks. There are a few schools that have a class offered in numismatics. The ANA has a wonderful program. If you are thinking of this type of field. Try getting a job at your local coin shop. Now my personal view on the coin business. It takes a lot of time. Most of the day is spent in research. Not only for my own knowledge, but also for our customers. My staff and I are passionate about the coins and the hobby. We are not experts in all aspects of coinage. Consider why you would become a dealer. Is it to make money or share knowledge about the hobby? There are so many aspects of this business that I cannot list them all here. Spend time learning about coinage. It is far more than just the coins. Consider a course through the ANA. Go to shows. Read these forums to learn different aspects of the hobby. This business is by no means easy, but can be very rewarding also. I hope that this insight helps a little.[/QUOTE]</p><p><br /></p>
[QUOTE="National dealer, post: 3682, member: 487"]This could fill many books. The answer is not a simple one. Being a coin dealer is great for some, and a burden for others. There are several types of dealers. Starting with Vest pocket dealers. This is by far the largest section. They deal coins from their homes or places such as Ebay. Having a coin and $70 will allow you to be a "legal" coin dealer in most states. The wages are like any other profession. Yes some dealers make millions and others make a few hundred a year. Local shops will carry a few hundred thousand dollars in inventory. Larger dealers carry a million in inventory. Some travel on the show circuit. They are in a different city every few weeks. There are a few schools that have a class offered in numismatics. The ANA has a wonderful program. If you are thinking of this type of field. Try getting a job at your local coin shop. Now my personal view on the coin business. It takes a lot of time. Most of the day is spent in research. Not only for my own knowledge, but also for our customers. My staff and I are passionate about the coins and the hobby. We are not experts in all aspects of coinage. Consider why you would become a dealer. Is it to make money or share knowledge about the hobby? There are so many aspects of this business that I cannot list them all here. Spend time learning about coinage. It is far more than just the coins. Consider a course through the ANA. Go to shows. Read these forums to learn different aspects of the hobby. This business is by no means easy, but can be very rewarding also. I hope that this insight helps a little.[/QUOTE]
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