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<p>[QUOTE="LostDutchman, post: 1243696, member: 16994"]Another thing to remember is that it is NOT easy. This is a very competitive business. You either need to compete by paying very strong competitive prices or you need to specialize (you can still pay strong competitive prices there as well). If you do neither of these you are doomed to fail. It sounds like from your original statement that you are leaning more towards a shop then being a show dealer is this correct? They are really 2 hugely different worlds. </p><p><br /></p><p>In a shop people bring you items... it could be anything from a what cent worth 3 cents to a mint state 1911 D $2.5 Indian or rolls of $20 libs. We see EVERYTHING in between. In a shop you have to know a lot about a lot. You never know what you will see. There is a market for everything that comes in the door and understanding every market is the key to success. For example yesterday alone I bought US bulk coins, bought US collector coins, bought world coins, bought bullion, bought Chinese pandas at large premiums over spot, bought and priced world currency, bought world coins, bought US currency, bought scrap gold & silver, bought diamonds, bought military collectibles, picked some coins for grading, and packed and priced US collector coins, sold US collector coins, sold bullion.... yesterday. I'm sure today is going to be completely different.</p><p><br /></p><p>Buying the stuff is the easy part... now what are you going to do with it?[/QUOTE]</p><p><br /></p>
[QUOTE="LostDutchman, post: 1243696, member: 16994"]Another thing to remember is that it is NOT easy. This is a very competitive business. You either need to compete by paying very strong competitive prices or you need to specialize (you can still pay strong competitive prices there as well). If you do neither of these you are doomed to fail. It sounds like from your original statement that you are leaning more towards a shop then being a show dealer is this correct? They are really 2 hugely different worlds. In a shop people bring you items... it could be anything from a what cent worth 3 cents to a mint state 1911 D $2.5 Indian or rolls of $20 libs. We see EVERYTHING in between. In a shop you have to know a lot about a lot. You never know what you will see. There is a market for everything that comes in the door and understanding every market is the key to success. For example yesterday alone I bought US bulk coins, bought US collector coins, bought world coins, bought bullion, bought Chinese pandas at large premiums over spot, bought and priced world currency, bought world coins, bought US currency, bought scrap gold & silver, bought diamonds, bought military collectibles, picked some coins for grading, and packed and priced US collector coins, sold US collector coins, sold bullion.... yesterday. I'm sure today is going to be completely different. Buying the stuff is the easy part... now what are you going to do with it?[/QUOTE]
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