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<p>[QUOTE="WmsJewelers, post: 422072, member: 12564"]I started in this business with 1500 and went to every show I could and stopped by each shop in town once a week. So I can't say that you need alot of money. I was selling every item on ebay and only buying item that I knew would sell on ebay for a profit. After over 2 years I was up to 7000 dollars and I also covered all of my bills. A year and a half ago i went to work with my father since he owns a jewelery store and run a coin shop out of the store. It does take alot of money to run a shop as it is very easy to rack up 10k in inventory even if you tried to keep inventory way down. Also I currently have a client that is bringing in very high end SLQs normally MS 67 FH that is generally 10k purchases. I also purchased a 1918/7 S quarter in AU 55 just a few weeks ago. So don't under estimate that amount of cash you will need. We run a small shop but last month we spent just a hair under 400k.[/QUOTE]</p><p><br /></p>
[QUOTE="WmsJewelers, post: 422072, member: 12564"]I started in this business with 1500 and went to every show I could and stopped by each shop in town once a week. So I can't say that you need alot of money. I was selling every item on ebay and only buying item that I knew would sell on ebay for a profit. After over 2 years I was up to 7000 dollars and I also covered all of my bills. A year and a half ago i went to work with my father since he owns a jewelery store and run a coin shop out of the store. It does take alot of money to run a shop as it is very easy to rack up 10k in inventory even if you tried to keep inventory way down. Also I currently have a client that is bringing in very high end SLQs normally MS 67 FH that is generally 10k purchases. I also purchased a 1918/7 S quarter in AU 55 just a few weeks ago. So don't under estimate that amount of cash you will need. We run a small shop but last month we spent just a hair under 400k.[/QUOTE]
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