How to apply for coin dealer?

Sure. By the way, for those going into the coin business, or other businesses, or even having new business cards made, design a card that NO ONE will ever throw away. This came from Mel Fisher's Treasure Museum in Key West.

It was used as a combination business-card//contact-card. Would you ever pitch it??

 

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I was toying with the same thought as the op. When reading the response it helped me better understand why some dealers have a bad rep from the every day coin collector. It is people like you who scare off new collectors and give dealers a bad rep. I would never knowingly buy or associate with someone like you. Apparently the one who really needs a lesson on professional communication here is yourself. I really wish they would ban people like you from coin talk.

 

Can you point out the specifically offensive part? Because I am pretty sure I didn't curse, didn't insult the OP directly with a statement that didn't hold water, etc? His writing is unprofessional. His comprehension (lack) of business is unmistakably apparent, but he wants to be a coin dealer. One of his questions is "do I need a B&M location to be a 'coin dealer' officially." These conversations illuminate much, and remind me of conversations with my child about how she is going to start a company. No experience, know how, comprehension of how business and money work.

In all honesty, I think I am assisting the OP by pointing him in the right direction; ie, LEARN HOW TO SPEAK. What person is going to spend money with someone who "talkin like he having knowledge on stuff?" Crying about it doesn't help, you or the OP. Warm feelings and coddling aren't giving him/her anything they need. At least my statements helped align to a proper direction: professionalism.

Grow some skin. I am the least of yours or the OPs problems. Or, you can both keep humping along the trail you're on, and after multiple failures, I will continue to be one of the citizens to pay your welfare checks. There is nothing wrong with criticism. Sorry you wish I wasn't on CoinTalk. But rest easy, I am sure with enough people like you crying about it my time here will be unjustifiably ended prematurely. This is our future generation people: Give me this. I deserve that. You're a meany. That sounds like it will result in a profitable business to me too.

 

And how do I give dealers a bad rap? Wouldn't I have to be a dealer to give my fellow dealers a bad name?

You and the OP should be business partners!

 

Last I checked you don't know me or the OP. People come on here looking for direction in coin collecting not direction of your own personal perception of who they are. People like you scare away people from visiting this site with your ridiculous comments. If you don't have something intelligent to post then please don't post at all. No one cares whether you think someone speaks English well or whether or not you think they they would make a good business man. If you are not intelligent enough to understand why I as a viewer am offended by your post then you really shouldn't be on a chat forum. You remind me of some bully in kindergarten that needs to be set straight. I don't know the OP but I am successful enough and man enough to call you out. Obviously I'm not the only one who doesn't appreciate your post. Keep trying to act intelligent. It just shows how ignorant you are.

 

We must be reading separate threads. OP asked for advice. That was the point of the thread. Don't be so focused on "my attempts at sounding intelligent," I promise you I could not possibly care less what you think of me, the alleged "calling me out" that you mentioned, etc. Your replies are so incredibly ridiculous I don't know whether to laugh at you or feel bad for you. I am leaning towards feeling bad for you along the lines of a complete lack of comprehension of what I wrote; I leave the details to the anonymity of the internet as to whether they are intelligence, age or conditionally based. I don't think it is about my intelligence regarding why you are offended. You are offended because you are confused. Confused as to what the OP asked and what I gave. Confused as to the difference between criticism and bullying. I asked for you to highlight what I said that was so offensive. And I write that knowing you are incapable of discerning the difference between constructive criticism and bullying. So I guess it is rhetorical as you would have addressed it in your last post if you had anything to support it rather than just, oops, overlooking it. Or, oops, not getting it. Or, ooops, not understanding.

On a side note; please, set me straight. Show me how smart you are. Because I didn't see one single thing of value you contributed to the OP on his dealer status quest. And as a direct spotlight on your own ignorance, if my advice was followed, the OP most certainly WOULD improve, WOULD be in a better mindset, WOULD be in a better position to tackle his idea of being a dealer. So, in hindsight, I guess that makes you an enabler. You are enabling failure. And you are doing it to a perverse degree, you are actually trying to insult another member who IS TRYING to help the OP. That would put you at the bottom of the barrel in my book. Can't even get out of your own way; and I bet that isn't the first time someone told you that too.

 

No, you're a chemist and work with metals. Clearly not a rocket scientist. You also are a noob on many levels. Bottom line is your snarky comments are not wanted or welcomed. I've read several of your dumb posts. You can't even tell real coins from fake ones. Let's hope you don't start a business of your own. ROFL. Go to another forum. I'd rather see posts from people who know what they are doing.

 

Apparently you can't read English. You are not wanted here. END

 

Very good advice.

 

Oh dear. That has to be about the creepiest stalker statement I have ever read. Ok, you win. I assure you I will make all efforts to minimize my posts for you to study, while rocking back and forth in your chair humming to yourself. Yikers.

I am still deciding whether my favorite part was "not able to tell fakes" or "chemist working with metals"...it challenges which of the two you have failed harder at: reading comprehension or stalking.

 

A lot of times its not what you do\say but how its done

In a case like this with the OP, one could say "I understand your questions, and I'll be glad to help answer them, but lets make sure you understand what you're asking."

This response creates a context for the OP to learn in a positive environment and lets them know they are welcome and can depend on others here to help them learn.

Or...one could say

"It's obvious from your questions that you don't know what you're doing and you need to learn a lot more before your questions are answered."

This kind of response automatically puts the OP on defense. It makes them feel unwelcome, creates a perception that they are nuisance, and that no one whats to help with what they are trying to learn.

Your content was good, but unsolicited and also presented in a way which was similar to the latter of the two examples above. You were offensive in the WAY you present what you think, not in WHAT you think.

And don't forget this is not the "how do I write, type, speak and look profressional" forum...its the coin talk forum. He's not here to get unsolicited advice on how to write properly.

Agreed, if it's positive or constructive and ONLY if the OP asked for it...but he didn't. It wasn't your place or time, nor was it for any others for that matter.

 

I agree with you. I am direct and to the point. And sarcastic. These qualities haven't hurt me in life so far quite the opposite, but I am an intelligent enough person to acknowledge that hand-holding and soft soothing voices are better methods for some; like children.

I don't think I said anything wrong, violated any forum rule, etc. Actually, I think the lionhugger would be the one who did that with his insults. Thats the difference. I UNDERSTAND the context of the forum and abide by the rules. lionhuggers like to Rawr! and whine and can find themselves in violation of their beloved forum very quickly.

In regards to your second to last line Phankins, professionalism is the umbrella under which becoming a dealer lies. Being able to write is one of them requirements hoss. If you disagree with that, it is because you probably don't have those same qualities. And by you , I actually mean "one", as you are pretty well spoken from what I have read.

 

Argument Clinic - Monty Python's The Flying Circus

 

Good to know and that certainly changes my perception. Electronic communication is emotionless, which can also come across as harsh or overly blunt for sure.

Completely agree and probably my biggest learning curve.

I will show this to my wife this evening and make her laugh so hard, she'll cry

 

Good stuff

 

When I started my Beauty Shop, I first filed with my county court house a "Doing Business As" with the name of my business. Then I applied for a business registration with the state to receive a sales tax license, which to some venders constitutes a business license. I also applied to the federal government for a business ID number to pay Quarterly estimates for taxes and Social Security. Hope this helps.

 

I can visualize several levels of "being" a coin dealer, and I'm not sure where the OP wants to go in this business.

1. You wake up one morning and think to yourself, "I buy coins for resale, I sell some of them and make money, therefore I am a coin dealer." No one can dispute this, and there are no doubt hundreds of thousands of otherwise-collectors in this category. Same thing in the stamp, baseball card, gun, artifact, or jewelry biz, and many more.

2. You are a sole proprietorship in the eyes of the IRS; you fill out a Schedule C, and you have a sales tax account. You buy and consign in auctions. Your "shop" is a drawer in your desk. You are a coin dealer.

3. You sell coins and it is your primary source of income. You have a line of credit, you take tables at shows, you keep LOTS of records to satisfy the authorities, you have several types of insurance, you advertise extensively, and you are treated as a peer by other full-time dealers. You may have employees, which adds another HUGE layer of complexity and responsibility. You are a coin dealer.

4. You are a professional numismatist in every sense of the words. You are a coin dealer.

===============
OK, so what? It is the point where the all-powerful bureaucracy can swoop down on you and cause you all kinds of grief where you have to watch your step, and a lot of coin-sellers approach that point but take care not to cross over to the next stage. Running an eBay Store is about as close as you can get while maintaining minimal risk.

This is why, in my opinion, eBay is worth every dime of the fees you pay; it's the cheapest advertising in the world, and despite eBay's bias in favor of buyers, if you are diligent, honest, and conservative, it generally works out over the long term.

I don't think current economic conditions are very favorable for moving on up to 3. or 4., above. I think it's a good time to be conservative and raise cash, keep a low profile, and protect your liquidity. Think of the various levels of governments' overall point of view, i.e., the Japanese proverb, "when you have a hammer, everything looks like a nail..."

I don't know if this will help, or influence, the OP or not. I don't think it's a good sign that he asks how to apply for [become a] coin dealer, and this has nothing to do with language or learning. The OP is already a coin dealer, the question is more properly how to grow or expand or jumpstart his income, and the more points of view he reads, the better off he is.

 

I have found my enjoyment of CoinTalk has increased greatly using the "ignore" feature. And remember, it is a two way street, not just for one poster.

 

Monty Python: appropriate for this thread and priceless comedy

 

What would be the benefit of being a "dealer" compared to just buying and selling coins as an individual? Is there one?