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<p>[QUOTE="Owle, post: 1384107, member: 22004"]Was at a coin show over the weekend. One "nice guy" coin dealer had been robbed a few weeks before coming back from a show--he stopped at a restaurant afterwards, a thief smashed his back window when he was inside, and lost $8-$10K.</p><p><br /></p><p>I did not see any really successful dealers at that show but their overhead was around $50 there to do it. Many of the dealers have had the same inventory for many months. They all had nice displays but the sales are not what they used to be.</p><p><br /></p><p>The biggest problems in this business are having good customers, security, security, security, the problems with traveling long distances; and the challenges of competing successfully with other dealers. </p><p><br /></p><p>The dealers who set up at this show, many have other side businesses that they are able to promote by being there. It always takes a good long time to develop a self-employed business. Dealers who are one man bands may not be doing themselves any favors like the guy cited previously. Don't be penny wise and pound foolish.[/QUOTE]</p><p><br /></p>
[QUOTE="Owle, post: 1384107, member: 22004"]Was at a coin show over the weekend. One "nice guy" coin dealer had been robbed a few weeks before coming back from a show--he stopped at a restaurant afterwards, a thief smashed his back window when he was inside, and lost $8-$10K. I did not see any really successful dealers at that show but their overhead was around $50 there to do it. Many of the dealers have had the same inventory for many months. They all had nice displays but the sales are not what they used to be. The biggest problems in this business are having good customers, security, security, security, the problems with traveling long distances; and the challenges of competing successfully with other dealers. The dealers who set up at this show, many have other side businesses that they are able to promote by being there. It always takes a good long time to develop a self-employed business. Dealers who are one man bands may not be doing themselves any favors like the guy cited previously. Don't be penny wise and pound foolish.[/QUOTE]
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