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<p>[QUOTE=&quot;BooksB4Coins, post: 2199752, member: 36230&quot;]Each time this comes up, the first response to the question should be another question: what, if any, experience do you have with coins. Are you an experienced and knowledgeable collector, or one of the many new who think coins an easy path to easy money and lots of &quot;fun&quot;, or perhaps somewhere in between? What type of &quot;business&quot; do you have in mind: a little buying/selling on the side, perhaps as a way to help fund your habit, or something you hope can, or will eventually, generate reasonable income? What kind of start-up money do you have to play with? Where/how you intend to acquire inventory, and how you plan/hope to sell it? My point is that asking for &quot;useful information&quot; on how to start a &quot;coin business&quot; is a tad to vague to expect to receive much more than the most general of answers.</p><p><br /></p><p>I will say that more often than not, knowledge pays, and profiting from coins can be much more than simply buying low and selling high. Not only would you be wise to know the coins themselves before even considering such a venture (beyond, perhaps, an eBay listing here or there), but also to know YOUR market very well. A few poor buys, based on assumptions, can easily put the brakes on your budding enterprise, and I&#039;ve seen more than a few want-to-be sellers dig themselves into holes they could not get out of all because they convinced themselves to see what they wanted instead of what was actually there. In some cases they didn&#039;t truly know what it was they thought they were buying, while in others they allowed themselves to be blinded by the windfall they were certain was coming their way, but either way, the point should be clear. Buying and selling coins may sound like lots of fun, and it can be, but it&#039;s also easier to lose money than to make it unless one knows what they&#039;re doing, and even then there are no guarantees. Depending on the path you wish to take, do understand that while there are many, many fine people involved in this hobby, there are also people, even &quot;collectors&quot; out there more than willing to rob you blind if given the opportunity.[/QUOTE]</p><p><br /></p>

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