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<p>[QUOTE=&quot;Player11, post: 1265656, member: 26725&quot;]Take a table at a show - You will need 2 cases with lights. Start buying bullion coins and slabbed coins - focus on quality and eye appeal. Stay away from raw stuff for now. Once you get your case full start buying it right - below bid etc. Subscribe to the CDN, Greensheet, Coin World and get a red book. Some good books on grading are helpful too. David Bowers Book on How to be a Successful Coin Dealer helps. Don&#039;t advertise your a newbie. My assistant is an x stripper who danced at a club where I am VIP. I have taught her a lot and she is a really good buyer in getting it cheap as she works her charm on them. She is working towards a law degree and the other day got one heck of a rip in a buying deal.</p><p><br /></p><p>It takes a lot of money to be a coin dealer but the biggest rule is buying it right. After several shows you should find out if the business is for you and if you can make money in it. Its easier to buy coins than sell them and make money. With gold and silver going nowhere but up it should be win / win situation for you. Watch out on numismatic coins as many have been stagnant for decades. I only buy them if its a steal say at 60-65% of CDN Bid from some walk in traffic at the shop. I have a huge stockpile of gold and silver coins which has fueled a profit explosion for the shop which pays off with the synergy of being able to buy it right when the right deal walks up. You will need to weed out the shop customers who you cant make money from (deselect) and concentrate on the ones where you can buy and sell at your price.</p><p><br /></p><p>I would volunteer to be your consultant at a show but I run a shop and have a busy show schedule plus my consulting fee would be expensive. My advice start sharing a table with someone you know in the business. Perhaps a guy you may know from your local coin club who has lots of expertise but a little short on cash. If you buy some of his coins he probably will be more than happy to show you the ropes. This way you can pick up both expererience in the business and inventory at the same time and plan the infrastructure for your business.</p><p><br /></p><p>With a few shows under your belt and some shop visits to scope out the competetion you should be about ready. The key is to buy low and sell high. For me its the thrill of the deal that fantastic buying rip or huge retail sale to a whale.</p><p><br /></p><p>It does not take a lot of capitalization to do the show circuit and I highly recommend doing this for awhile before plunging into a major investment like a shop.[/QUOTE]</p><p><br /></p>

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