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<p>[QUOTE=&quot;doug5353, post: 2130569, member: 73555&quot;]I can visualize several levels of &quot;being&quot; a coin dealer, and I&#039;m not sure where the OP wants to go in this business.</p><p><br /></p><p>1. You wake up one morning and think to yourself, &quot;I buy coins for resale, I sell some of them and make money, therefore I am a coin dealer.&quot;&nbsp; <u>No one can dispute this</u>, and there are no doubt hundreds of thousands of otherwise-collectors in this category.&nbsp; Same thing in the stamp, baseball card, gun, artifact, or jewelry biz, and many more.</p><p><br /></p><p>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.&nbsp; You buy and consign in auctions.&nbsp; Your &quot;shop&quot; is a drawer in your desk.&nbsp; You are a coin dealer.</p><p><br /></p><p>3. You sell coins and it is your primary source of income.&nbsp; 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.&nbsp; You may have employees, which adds another HUGE layer of complexity and responsibility.&nbsp; You are a coin dealer.</p><p><br /></p><p>4. You are a professional numismatist in every sense of the words.&nbsp; You are a coin dealer.</p><p><br /></p><p>===============</p><p>OK, so what?&nbsp; 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 <u>watch your step</u>, and a lot of coin-sellers approach that point but take care not to cross over to the next stage.&nbsp; Running an eBay Store is about as close as you can get while maintaining minimal risk.</p><p><br /></p><p>This is why, in my opinion, eBay is worth every dime of the fees you pay; it&#039;s the cheapest advertising in the world, and despite eBay&#039;s bias in favor of buyers, if you are diligent, honest, and conservative, it generally works out over the long term.</p><p><br /></p><p>I don&#039;t think current economic conditions are very favorable for moving on up to 3. or 4., above.&nbsp; I think it&#039;s a good time to be conservative and raise cash, keep a low profile, and protect your liquidity.&nbsp; Think of the various levels of governments&#039; overall point of view, i.e., the Japanese proverb, &quot;when you have a hammer, everything looks like a nail...&quot;</p><p><br /></p><p>I don&#039;t know if this will help, or influence, the OP or not.&nbsp; I don&#039;t think it&#039;s a good sign that he asks how to <i>apply for [become a] coin dealer</i>, and this has nothing to do with language or learning.&nbsp; The OP is <u>already</u> 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.[/QUOTE]</p><p><br /></p>

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