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<p>[QUOTE=&quot;statequarterguy, post: 880246, member: 21782&quot;]<span style="color: black"><font face="Verdana">I just took the leap from collector/speculator to dealer by opening a “miniature” coin shop in an antique mall.&nbsp; Yes, I know, I lost my senses – that’s what happens when you’re retired and looking for something to fill your time.&nbsp; Been open about two months now and found that 9 out of 10 people walking up to my counter are selling in this bad economy and those same 9 out of 10 know nothing about what they have, even though none have had anything rare, mostly damaged junk or bullion based coins.&nbsp; Being small and also operating on ebay, I use the red book for retail and the blue book for wholesale and adjust some prices based on Coin World trends and eBay completed sales.&nbsp; If someone has something to sell I break out both books and show the sellers the prices and grading standards and tell them I’ll buy at these prices or they can try to get a better price on eBay.&nbsp; I only buy on eBay when I can get the coin(s) at close to wholesale, as I’m selling at close to eBay’s higher end completed auctions.&nbsp; Sometimes eBay auctions go for close to wholesale and sometimes they go for close to retail, it’s a “hit &amp; miss” game.&nbsp; I knew going into this venture that a brick &amp; mortor operation was not going to support itself, so plans are to continue on eBay, as it offers the largest exposure.&nbsp; My small shop is in a small town where everyone knows everyone else, so the goal is to build a reputation as an honest dealer, who introduces novices to the hobby, much like the coin shops I frequented as a child.&nbsp; Any advice (closing the doors is not an option – lol)?</font></span>[/QUOTE]</p><p><br /></p>

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