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<p>[QUOTE="BooksB4Coins, post: 1483983, member: 36230"]First things first... do you have the necessary knowledge and/or experience to offer potential customers any benefit for using your services? What can you do that will set you apart from anyone else? Can you grade all types (even just US) consistently and correctly, especially to a or either TPG standards (including identifying coins that would most likely be genied)? There are countless questions you need ask yourself, and to be totally honest, the fact you are looking for information on how to become a "coin broker" (dealer) implies that you probably are not at the necessary level to do so profitably and successfully. No offense as I do admire someone willing to spend to learn, but after viewing your thread of ANACS submissions, it seems you've a long way to go. Had you submitted such coins for a client, to put it bluntly, you would have buried them.</p><p><br /></p><p>Buying for clients is rarely as easy as some seem to think... when someone is paying up they tend to be very picky. Do you have options (connections) for acquiring coins that will set you apart from the next guy? What can you do that Joe Schmoe cannot do himself? As for selling on consignment - other than having an ebay account - what benefits can you offer a potential customer? Do you have wide and varied numismatic-related connections that would/could allow for a quick liquidation of a collection? What other venues do you have to sell coins? Are you willing to go through the hassle of professionally imagining (not scanning but properly photographing) coins to list? Why should someone trust you with their coins... do you have reputable and trustworthy references? Do you have the money to buy collections if someone is unwilling to have you sell for them? You mentioned appraisals... have you ever done this before? Do you have the necessary references to properly attribute coins - i.e. maximize value and profit? How will you appraise? Book value or a realistic retail estimate? Can you - with an extremely high degree of accuracy - identify counterfeits, alterations, AT, recoloring, etc, etc? Again, there are countless questions you must ask - and honestly answer - yourself. </p><p><br /></p><p>If dealing coins (on whatever level) is something you seriously want to pursue, I highly advise to you start SLOWLY and with your own inventory. This will at least allow you to get your feet wet while learning. IMO, many fail to realize that collecting and dealing are two totally different beasts and I've seen a lot of guys who jumped in head first, only to later realize the pool was empty... there is a lot more to it than simply buying low and selling high.[/QUOTE]</p><p><br /></p>
[QUOTE="BooksB4Coins, post: 1483983, member: 36230"]First things first... do you have the necessary knowledge and/or experience to offer potential customers any benefit for using your services? What can you do that will set you apart from anyone else? Can you grade all types (even just US) consistently and correctly, especially to a or either TPG standards (including identifying coins that would most likely be genied)? There are countless questions you need ask yourself, and to be totally honest, the fact you are looking for information on how to become a "coin broker" (dealer) implies that you probably are not at the necessary level to do so profitably and successfully. No offense as I do admire someone willing to spend to learn, but after viewing your thread of ANACS submissions, it seems you've a long way to go. Had you submitted such coins for a client, to put it bluntly, you would have buried them. Buying for clients is rarely as easy as some seem to think... when someone is paying up they tend to be very picky. Do you have options (connections) for acquiring coins that will set you apart from the next guy? What can you do that Joe Schmoe cannot do himself? As for selling on consignment - other than having an ebay account - what benefits can you offer a potential customer? Do you have wide and varied numismatic-related connections that would/could allow for a quick liquidation of a collection? What other venues do you have to sell coins? Are you willing to go through the hassle of professionally imagining (not scanning but properly photographing) coins to list? Why should someone trust you with their coins... do you have reputable and trustworthy references? Do you have the money to buy collections if someone is unwilling to have you sell for them? You mentioned appraisals... have you ever done this before? Do you have the necessary references to properly attribute coins - i.e. maximize value and profit? How will you appraise? Book value or a realistic retail estimate? Can you - with an extremely high degree of accuracy - identify counterfeits, alterations, AT, recoloring, etc, etc? Again, there are countless questions you must ask - and honestly answer - yourself. If dealing coins (on whatever level) is something you seriously want to pursue, I highly advise to you start SLOWLY and with your own inventory. This will at least allow you to get your feet wet while learning. IMO, many fail to realize that collecting and dealing are two totally different beasts and I've seen a lot of guys who jumped in head first, only to later realize the pool was empty... there is a lot more to it than simply buying low and selling high.[/QUOTE]
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