Message:

<p>[QUOTE=&quot;sambyrd44, post: 2164354, member: 26653&quot;]First if you want to be in any business become an expert in it. Work for a coin shop and read a lot visit many shows.</p><p><br /></p><p>&nbsp;Second you may need to really understand the net / net margins - they are low after all is said and done if your talking brick and mortar. I would guess 5 or 10 % net/net profit.&nbsp; net profit after all is said and done.</p><p>(Taxes , insurance , rent or mortgage , cost of goods , advertising etc , etc , etc.)</p><p><br /></p><p>Imagine selling 400 k of merchandise in a year and after its all said and done walking away with 30 k in real net landed profit. The coin you just paid 500 bucks for you sell a year later for 650.00 and paid cost of the credit line , cost of storage and insurance on the coin and the overhead. 30% margin for retail coins is close to normal. bullion far lower in the single digits. Consider 60 or more work hours a week to land that net profit. Book keeping , taxes , research , etc all take a lot of time. </p><p><br /></p><p>I would suggest sell as a online dealer and specialize in an area you have a lot of knowledge. Become known as a fair buyer and high standards as a seller. You wont be the lowest price as a dealer and wont be the guy for a bargain every-time but could develop into a dealer that offers quality in the area you specialize in.</p><p><br /></p><p>Sell on eBay and shows and the buy and sell forums here and another popular forum. Coin and gun shows offer exposure to a diverse group of collectors.</p><p>Buy select coins from other dealers become known as a guy who buys fair and pays fast it will go a long way for any dealer working to become established.</p><p><br /></p><p>buy the very best for grade coins at shows and sell them for a small mark up too get some traction and work on reputation and quality in your sales.</p><p><br /></p><p>Burton offered the very best advice and I can only echo that suggestion , find a dealer and learn from that dealer offer to work as a intern of sorts in return.[/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