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<p>[QUOTE="Numismat, post: 1290946, member: 15019"]Someone who wants to be a coin dealer for the long run needs to realize two things:</p><p><br /></p><p>1. You will sometimes lose money on what you buy. Whether it be due to bullion price fluctuations or simply a bad on-the-spot decision, it will happen. A good coin business thrives on having a lot more good buys than bad ones. Thinking you can get 100% good buys every time over a prolonged period is outright delusional, unless you believe in psychic powers (I don't).</p><p><br /></p><p>2. Some collectors know more than you do... (see paragraph above).[/QUOTE]</p><p><br /></p>
[QUOTE="Numismat, post: 1290946, member: 15019"]Someone who wants to be a coin dealer for the long run needs to realize two things: 1. You will sometimes lose money on what you buy. Whether it be due to bullion price fluctuations or simply a bad on-the-spot decision, it will happen. A good coin business thrives on having a lot more good buys than bad ones. Thinking you can get 100% good buys every time over a prolonged period is outright delusional, unless you believe in psychic powers (I don't). 2. Some collectors know more than you do... (see paragraph above).[/QUOTE]
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