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<p>[QUOTE="AUBU2, post: 316944, member: 11120"]I just opened an Ebay store in May. Some of my inventory coins took nearly a 50% jump, so that fueled early sales & profits. But keeping a fresh supply of appreciated inventory, that can be sold at a fair profit after fees is tricky. I'm now taking a slower approach, keeping a closer eye on profits than total sales. Selling without a fair profit margin obviously makes no sense(Giving a customer a fair deal does, but you still need to watch margins closely). Coin boom short lived? That's very hard to predict in my opinion. Some factors that i look at; (1). Many predict the US population continuing to climb as time goes by(some estimates are from the current 300 million to 600 million in just 50 years). (2). Precious metal prices could really generate some excitment & profits, think what melting can do to mintage numbers. (3). The mint seems to try to make their products both exciting & educational, which surely can't do anything but grow the hobby. (4). Whenever the economy picks up, it might mean more money flowing into the hobby. (5). I enjoy it, and life tends to be short.[/QUOTE]</p><p><br /></p>
[QUOTE="AUBU2, post: 316944, member: 11120"]I just opened an Ebay store in May. Some of my inventory coins took nearly a 50% jump, so that fueled early sales & profits. But keeping a fresh supply of appreciated inventory, that can be sold at a fair profit after fees is tricky. I'm now taking a slower approach, keeping a closer eye on profits than total sales. Selling without a fair profit margin obviously makes no sense(Giving a customer a fair deal does, but you still need to watch margins closely). Coin boom short lived? That's very hard to predict in my opinion. Some factors that i look at; (1). Many predict the US population continuing to climb as time goes by(some estimates are from the current 300 million to 600 million in just 50 years). (2). Precious metal prices could really generate some excitment & profits, think what melting can do to mintage numbers. (3). The mint seems to try to make their products both exciting & educational, which surely can't do anything but grow the hobby. (4). Whenever the economy picks up, it might mean more money flowing into the hobby. (5). I enjoy it, and life tends to be short.[/QUOTE]
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