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<p>[QUOTE=&quot;Collecting Nut, post: 2254342, member: 74863&quot;]Quite some time ago I dealt with 2 wonderful people that owned and operated their own coin shop. Just a local shop, the only one in town. They have since retired and sold the business, which still survives but I no longer live in the area. One of these 2 guys, who I dealt with for years in my younger days, told me something that took time for me to understand. He said that in this business (coins, bullion and related items) you could lose your shirt overnight no matter which way the metal market went. Think about that for a minute.</p><p><br /></p><p>Assuming he was correct, which I believe he was, if he could lose everything in 1 night no matter if precious metals went up or down, why would anyone want to do this for a living? Because you can make a lot of money if you know what you are doing. These guys helped everyone. From a young child just starting to show interest in collecting coins to the well seasoned collector. Their inventory had lower priced coins so you could plug that hole in your Whitman&#039;s folder. They also had graded coins that coins thousands. If you were a very good customer, as I was, they would buy precious gems, including diamonds, for you, for a lot less that market values. They had a great but limited inventory. They knew there business.</p><p><br /></p><p>They were family oriented and a part of the community. I once bought a 1916-D Mercury Dime in XF for $325.00 and a week later I bought a 1909-S VDB in Fine for another $325.00. Yes, it was years ago but I wish these guys were around today or at the very least, someone like them. This business has changed, as has everything else in our life time. This bullion and coin business does attract individuals with a devious nature, ones that are only there to prey on you if you let them. It also attracts a lot of folks who have good intentions but if you don&#039;t know what you&#039;re doing....you&#039;ll lose money and so will their customers.</p><p><br /></p><p>The bottom line is, Buyer Beware! Check it out before you spend money. We all know that PT Barnum said &quot;There&#039;s a sucker born every minute&quot; but only a few of us know that the Bible says &quot;A fool is easily parted from his money&quot;. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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