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<p>[QUOTE=&quot;coleguy, post: 1265706, member: 9167&quot;]In my years of experience as a coin buyer only, I&#039;ve noticed there are always two types of coin shops. The first one I believe anyone could open with absolutely no coin knowledge whatsoever. That is the coin shop that sells bullion and cheap junk. We know their business model works because we&#039;ve seen their kind selling on tv and in magazine ads for years. This seller sells cheap merchandise to uneducated non-collectors for many times more than their worth.</p><p><br /></p><p>The second type of shop is built for and around collectors, by collectors. It caters well to it&#039;s customer&#039;s needs because they understand the hobby beyond a business plan and know what their customers like. This shop doesn&#039;t have to rip off it&#039;s customers to make up for high overheads based on not knowing the hobby. These are the places that stay open for generations, unlike shop one that tend to be fly by night operations.</p><p><br /></p><p>So yes, somebody could walk into the business and make money. It may be unethical and on the precipice of what is legal, but it&#039;s money in the bank. The question is, is that the kind of business you want to invest your money and time in?</p><p><br /></p><p>I hope you shoot for the second shop. We have enough hucksters and fat shady&#039;s in this hobby to last forever. An honest and knowledgeable business is always in demand. Maybe we&#039;ve seen enough people come through here with dark intentions that it has soured us to accepting the fact that it may be your intention to open a place we would welcome.</p><p><br /></p><p>In any case, I wish you the best of luck. It&#039;s a tough business to break into, and even tougher to keep it going. Surprise us all.</p><p>Guy[/QUOTE]</p><p><br /></p>

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