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<p>[QUOTE="medoraman, post: 1243719, member: 26302"]Protovdo, I am a fellow MBA in Finance graduate. I looked into working in the coin industry after my MBA. I am not as "deal driven" as you seem to be, though. That is not a bad thing, and I think it would make you more successful in the US coin industry than I would have been.</p><p><br /></p><p>My advice would be to try to get a job at a major firm. If you can get your foot in the door there, then you will have excellent opportunities to meet the major players in the industry, how the coin business is run, and learn the ins and the outs of the industry. I just think it would be a low capital way to get into coin dealing.</p><p><br /></p><p>One caveat I would tell you. I recognize you are a smart guy, do not overestimate your intelligence. There is a difference between intelligence and knowledge, and too many smart young guys think they can "take advantage" of the other dealers easily. Yes and no. There are always deals to be had, but there are a lot of guys who have been around the block, know what coins sell in certain grades and which ones don't, versus book pricing. I am simply saying KNOWLEDGE trumps intelligence most of the time in coins, and I have seen too many smart young men overestimate their advantage. Be humble, get a job in the industry where you can soak up every iota of knowledge you can stand, (preferably a large dealer, if not a local BM shop), then you could become a formidable dealer.</p><p><br /></p><p>Btw do your homework too. Any US dealer who hasn't memorized Breen's US coin encyclopedia, and has opinions on some of the errors, and hasn't read some other specialized works on US coin series I simply think of as a peddler versus a knowledgable coin dealer.</p><p><br /></p><p>I hope this helps, and if I had the luxury of being a coin dealer is how I would pursue it.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1243719, member: 26302"]Protovdo, I am a fellow MBA in Finance graduate. I looked into working in the coin industry after my MBA. I am not as "deal driven" as you seem to be, though. That is not a bad thing, and I think it would make you more successful in the US coin industry than I would have been. My advice would be to try to get a job at a major firm. If you can get your foot in the door there, then you will have excellent opportunities to meet the major players in the industry, how the coin business is run, and learn the ins and the outs of the industry. I just think it would be a low capital way to get into coin dealing. One caveat I would tell you. I recognize you are a smart guy, do not overestimate your intelligence. There is a difference between intelligence and knowledge, and too many smart young guys think they can "take advantage" of the other dealers easily. Yes and no. There are always deals to be had, but there are a lot of guys who have been around the block, know what coins sell in certain grades and which ones don't, versus book pricing. I am simply saying KNOWLEDGE trumps intelligence most of the time in coins, and I have seen too many smart young men overestimate their advantage. Be humble, get a job in the industry where you can soak up every iota of knowledge you can stand, (preferably a large dealer, if not a local BM shop), then you could become a formidable dealer. Btw do your homework too. Any US dealer who hasn't memorized Breen's US coin encyclopedia, and has opinions on some of the errors, and hasn't read some other specialized works on US coin series I simply think of as a peddler versus a knowledgable coin dealer. I hope this helps, and if I had the luxury of being a coin dealer is how I would pursue it. Chris[/QUOTE]
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