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<p>[QUOTE="Just Carl, post: 534468, member: 4552"]I suspect you only mean coin shops, not dealers at shows, flea markets, homes, etc. Probably all have different methods or none at all. For example I know a coin dealer at a flea market that has no idea of what he has, where it is, how much it's worth and probably what day it is. I know a dealer that does only coin shows. His inventory changes so dramatically and constantly, that he has little idea of what he has for inventory. Many times he has told me I have one of those somewhere, maybe, might have or I sold it, not sure. </p><p>Another dealer at coin shows has a so called bargain box. When asking what is basically in there he will say just coins, no idea past that. </p><p>A coin store must have or should have a better idea of what he has for inventory since there is that tax stuff to worry about. Also, must know how much profit he is making so he can pay his bills. And at a coin store there may be well to many invaluable coins to worry about the one that got away.[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 534468, member: 4552"]I suspect you only mean coin shops, not dealers at shows, flea markets, homes, etc. Probably all have different methods or none at all. For example I know a coin dealer at a flea market that has no idea of what he has, where it is, how much it's worth and probably what day it is. I know a dealer that does only coin shows. His inventory changes so dramatically and constantly, that he has little idea of what he has for inventory. Many times he has told me I have one of those somewhere, maybe, might have or I sold it, not sure. Another dealer at coin shows has a so called bargain box. When asking what is basically in there he will say just coins, no idea past that. A coin store must have or should have a better idea of what he has for inventory since there is that tax stuff to worry about. Also, must know how much profit he is making so he can pay his bills. And at a coin store there may be well to many invaluable coins to worry about the one that got away.[/QUOTE]
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