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<p>[QUOTE="medoraman, post: 2085638, member: 26302"]I like this response.</p><p> </p><p>Personally, I would say do not start right off as a dealer. Do you know which products are moving and which are sitting in everyones tray as dead stock? Do you know what kind of discount off of list you need to pay? Buying right is as important if not more so than selling. I would say it is silly to try to start right off as a dealer. You should go through an apprenticeship. Find a dealer who sets up at shows nearby who needs help. Offer to work for him for little or no money. What you need sir is KNOWLEDGE, knowledge of a lot of things dealers do that right now you do not. Even if you work for free with this other dealer I cannot thing of a higher financial return. You have two years before retirement, spend them learning about the job you wish to have as a retiree.</p><p> </p><p>Then, after you become a dealer, the learning just continues. As a dealer I feel no compunction on cherrypicking you to death. You know that collection you bought last week? Well you just put out for sale a $1200 rare variety with a $100 pricetag. Do I feel bad you missed it? Heck no, as a dealer you are a presumed expert. So, every single mistake you make underpricing coins you will lose revenue. Again, it will come back to knowledge, this time coin knowledge. Most dealers I know are very knowledgable coin people, if anything this is for self preservation, making sure they are appropriately marking up coins they buy.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2085638, member: 26302"]I like this response. Personally, I would say do not start right off as a dealer. Do you know which products are moving and which are sitting in everyones tray as dead stock? Do you know what kind of discount off of list you need to pay? Buying right is as important if not more so than selling. I would say it is silly to try to start right off as a dealer. You should go through an apprenticeship. Find a dealer who sets up at shows nearby who needs help. Offer to work for him for little or no money. What you need sir is KNOWLEDGE, knowledge of a lot of things dealers do that right now you do not. Even if you work for free with this other dealer I cannot thing of a higher financial return. You have two years before retirement, spend them learning about the job you wish to have as a retiree. Then, after you become a dealer, the learning just continues. As a dealer I feel no compunction on cherrypicking you to death. You know that collection you bought last week? Well you just put out for sale a $1200 rare variety with a $100 pricetag. Do I feel bad you missed it? Heck no, as a dealer you are a presumed expert. So, every single mistake you make underpricing coins you will lose revenue. Again, it will come back to knowledge, this time coin knowledge. Most dealers I know are very knowledgable coin people, if anything this is for self preservation, making sure they are appropriately marking up coins they buy.[/QUOTE]
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