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<p>[QUOTE="Silvergmen, post: 4869427, member: 114357"]Welcome to CT!</p><p><br /></p><p>If I was going to try to start making a living out of it here are a few of the things I would do:</p><p><br /></p><p>- find a few Local coin shops that don’t do internet business (many still don’t). Build a relationship with them and see if you can buy wholesale and sell on eBay/auction sites.</p><p><br /></p><p>- advertise in your area letting people know you buy coins. You can advertise for free or cheap in many places. Put up signs etc. </p><p><br /></p><p>- keep doing what your doing making 5-20 a coin adds up and let’s you buy more inventory</p><p><br /></p><p>- find coin niches. For instance if you know a ton about Certain ancients you can walk into many coin shops and they may underprice ancients because they focus on Bullion, etc.</p><p><br /></p><p>- you need to start building up a collector clientele. You can do that with your own site and some advertising. Buying wholesale from coin shows and auctions and selling directly to collectors is your best chance at bigger margins. You can help people find and buy specific coins or coins from your inventory. Many people want help and need someone they can trust.</p><p><br /></p><p>- find good sources for raw coins and learn how to grade a few types of coins really well so that you can buy under graded coins and send them in to be slabbed. This takes time and knowledge but it works and can give you some great returns.</p><p><br /></p><p><br /></p><p>Good luck!![/QUOTE]</p><p><br /></p>
[QUOTE="Silvergmen, post: 4869427, member: 114357"]Welcome to CT! If I was going to try to start making a living out of it here are a few of the things I would do: - find a few Local coin shops that don’t do internet business (many still don’t). Build a relationship with them and see if you can buy wholesale and sell on eBay/auction sites. - advertise in your area letting people know you buy coins. You can advertise for free or cheap in many places. Put up signs etc. - keep doing what your doing making 5-20 a coin adds up and let’s you buy more inventory - find coin niches. For instance if you know a ton about Certain ancients you can walk into many coin shops and they may underprice ancients because they focus on Bullion, etc. - you need to start building up a collector clientele. You can do that with your own site and some advertising. Buying wholesale from coin shows and auctions and selling directly to collectors is your best chance at bigger margins. You can help people find and buy specific coins or coins from your inventory. Many people want help and need someone they can trust. - find good sources for raw coins and learn how to grade a few types of coins really well so that you can buy under graded coins and send them in to be slabbed. This takes time and knowledge but it works and can give you some great returns. Good luck!![/QUOTE]
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