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<p>[QUOTE=&quot;Arizona Jack, post: 514951, member: 9308&quot;]Plain and simple. To do it honestly and right, you have to know the market and spot the undervalued coins. Best place for a dealer to buy is at his ( EDIT: or her ala Charmy ) table at shows.</p><p>&nbsp;</p><p>One of my favorite things is to browse a show early on day 1 or setup day, and cherry the sweet coins. I know my series well, and can spot them.</p><p>&nbsp;</p><p>If I had to live on selling coins, I&#039;d be living in my SUV.</p><p>&nbsp;</p><p>I luckily have a great day job, AND, am a collector first, just having fun. I do make money, but I have also lost a lot on certain coins. I&nbsp; made good money last year profit in coins. Not enought to live on by any means. Without tuition mistakes, that could have been alot&nbsp; more.</p><p>&nbsp;</p><p>As a vest pocket guy my costs are minimal. $120 a month covers my website and by new Verizon set-up. I pay about $600 twice a year for my Tucson shows, hotel and travel included, $50 a month for my Scottsdale shows and $45 every 6 weeks for my Glendale shows. Add about $200 a month for advertising that I do, including here on CT.</p><p>&nbsp;</p><p>I do about 30% on my website and about 10% of my biz on the bay, the rest is shows and wantlist customers. I do alot of favors as well, many times for nothing for friends and CT&#039;ers AS I AM A COLLECTOR FIRST.</p><p>&nbsp;</p><p>I will sell in bulk to wholesalers alot becauase it is fast and easy money. I also buy from wholesalers alot too. I can call a cpl folks I deal with and order a cpl rolls of semikeys and get them right. </p><p>&nbsp;</p><p>The local dealers always know I am a strong buyer for NICE coins, so that helps when they get nice collections in.</p><p>&nbsp;</p><p>I&#039;ll think and add more of MY experience later, this is just me and me only.[/QUOTE]</p><p><br /></p>

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