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<p>[QUOTE="ToughCOINS, post: 2759763, member: 20480"]Inventory is overflowing the safe deposit boxes here at ToughCOINS, which is a good problem to have in this business, but not one I want to fix by getting yet another box - I’d rather have fewer. Not only is it expensive having multiple boxes (already the largest size), but it’s hard to remember what’s in each, and it’s logistically complicated visiting more than one box at a time when I go to the bank, especially if there’s little time to do so.</p><p><br /></p><p>For those who would suggest I secure the inventory outside the bank, that is not the right answer to my situation. Also, the safe deposit boxes are already 10 x 10, so changing banks to get larger boxes doesn’t seem the likely solution either.</p><p><br /></p><p>Consequently, I’m trying to figure out the best way to consolidate inventory without depriving customers of a good selection of desirable coins. I’ve listed the options I can think of below.</p><ul> <li>Sell off the least expensive coins and put the money into fewer, pricier items. This solution might even get me into just a single box, but it would also make my inventory top heavy and affordable to fewer collectors. I don’t want to shut off beginners or seasoned collectors on a modest budget.</li> <li>Sell more raw coins and fewer certified coins to make room enough for all to fit without getting another box, perhaps even permitting me to drop one of the existing boxes, although the weight of the box may become more of an issue after doing so.</li> <li>Sell raw coins below a certain price point, and certified coins above(as a general rule). If I did this, I’d want to know how sensitive buyer’s are to the risk of coins being uncertified raw up to the value at which such a transition would take place . . . what’s your “threshold of pain”?</li> </ul><p>Do any of you have other ideas worth considering? I’m sure every respondent will have a different opinion, but all input is welcome.</p><p><br /></p><p>- Mike[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 2759763, member: 20480"]Inventory is overflowing the safe deposit boxes here at ToughCOINS, which is a good problem to have in this business, but not one I want to fix by getting yet another box - I’d rather have fewer. Not only is it expensive having multiple boxes (already the largest size), but it’s hard to remember what’s in each, and it’s logistically complicated visiting more than one box at a time when I go to the bank, especially if there’s little time to do so. For those who would suggest I secure the inventory outside the bank, that is not the right answer to my situation. Also, the safe deposit boxes are already 10 x 10, so changing banks to get larger boxes doesn’t seem the likely solution either. Consequently, I’m trying to figure out the best way to consolidate inventory without depriving customers of a good selection of desirable coins. I’ve listed the options I can think of below. [LIST] [*]Sell off the least expensive coins and put the money into fewer, pricier items. This solution might even get me into just a single box, but it would also make my inventory top heavy and affordable to fewer collectors. I don’t want to shut off beginners or seasoned collectors on a modest budget. [*]Sell more raw coins and fewer certified coins to make room enough for all to fit without getting another box, perhaps even permitting me to drop one of the existing boxes, although the weight of the box may become more of an issue after doing so. [*]Sell raw coins below a certain price point, and certified coins above(as a general rule). If I did this, I’d want to know how sensitive buyer’s are to the risk of coins being uncertified raw up to the value at which such a transition would take place . . . what’s your “threshold of pain”? [/LIST] Do any of you have other ideas worth considering? I’m sure every respondent will have a different opinion, but all input is welcome. - Mike[/QUOTE]
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