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<p>[QUOTE="National dealer, post: 7120, member: 487"]We don't have any stores. We operate a website, do shows, and have an established customer base. Building customers is not easy, and customer service is what keeps your customers. I can't stress that enough. Take care of the people that take care of you. Remember customers are the ones that buy and sell to you. Without either, you won't be in business long.</p><p>Now back to your question. Buying in bulk, you can buy from just about any large dealer. In the beginning, you will have to buy in cash or certified funds. A minimum of 500 ounces at a time. </p><p>Silver Eagles are traded a little differently. If you can get them at $1.40 over melt, that is a fantastic number. Again, this is for 500 ounces or more at a time. Silver closed at $6.05 an ounce, so Eagles will be bought at $7.45 with a retail price of $8.10 to $8.25 </p><p>Now you have to consider what shipping will be on 500 ounces, so that really cuts into the profits. </p><p><br /></p><p>If you plan on selling on Ebay, it is going to take considerably longer to build your customer base. I would not suggest that you start with bullion. Go out and buy some regular collector coins and start there. Go to a few dealers, and buy in serious bulk. This will get you the best prices available. Get yourself a subscription to the greysheet, and stay between the bid/ask price when buying. Lower if you can. Also, pick the coins that are high for their grade. Once you have been buying and selling for a little while, then consider bullion. </p><p>If you put out $3800 for Eagles, and the price fall a quarter, you will lose your shirt quick.[/QUOTE]</p><p><br /></p>
[QUOTE="National dealer, post: 7120, member: 487"]We don't have any stores. We operate a website, do shows, and have an established customer base. Building customers is not easy, and customer service is what keeps your customers. I can't stress that enough. Take care of the people that take care of you. Remember customers are the ones that buy and sell to you. Without either, you won't be in business long. Now back to your question. Buying in bulk, you can buy from just about any large dealer. In the beginning, you will have to buy in cash or certified funds. A minimum of 500 ounces at a time. Silver Eagles are traded a little differently. If you can get them at $1.40 over melt, that is a fantastic number. Again, this is for 500 ounces or more at a time. Silver closed at $6.05 an ounce, so Eagles will be bought at $7.45 with a retail price of $8.10 to $8.25 Now you have to consider what shipping will be on 500 ounces, so that really cuts into the profits. If you plan on selling on Ebay, it is going to take considerably longer to build your customer base. I would not suggest that you start with bullion. Go out and buy some regular collector coins and start there. Go to a few dealers, and buy in serious bulk. This will get you the best prices available. Get yourself a subscription to the greysheet, and stay between the bid/ask price when buying. Lower if you can. Also, pick the coins that are high for their grade. Once you have been buying and selling for a little while, then consider bullion. If you put out $3800 for Eagles, and the price fall a quarter, you will lose your shirt quick.[/QUOTE]
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