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Want to become a dealer....need advice!
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<p>[QUOTE="Prethen, post: 26277, member: 1756"]National Coin Delaer....thank you very much! That was a wonderful thread on becoming a dealer that you pointed out. It appears by the first message in the thread you're saying don't get into the business unless you get in with both feet. Actually, I respect what you said very much, hence, why I feel a bit overwhelmed with thinking about doing this for fun, part-time. Your thread starts out by saying that some fairly major expenses need to be incurred in order to not get severely burned (insurance, safes, licensing, etc.). I do plan on joining the ANA, but the other stuff seems quite overkill for the small-time business I was thinking of doing. I got the idea to get into this from another guy who is also a part-time dealer (first a collector).</p><p><br /></p><p>You mentioned that the post office rarely pays out on coin claims even though it has been insured. Your note here correlates with what another dealer told me since he never insures his mail since they've failed to pay. Is it safe to say that it's a complete waste of money to insure coins through the U.S. mail?!?!</p><p><br /></p><p>Hmmm... you've given me some food for thought. I guess you could say I'm a bit more nervous about jumping into the formal coin dealing waters. ...Maybe I can find a way to work with a current dealer...</p><p><br /></p><p>Thanks again![/QUOTE]</p><p><br /></p>
[QUOTE="Prethen, post: 26277, member: 1756"]National Coin Delaer....thank you very much! That was a wonderful thread on becoming a dealer that you pointed out. It appears by the first message in the thread you're saying don't get into the business unless you get in with both feet. Actually, I respect what you said very much, hence, why I feel a bit overwhelmed with thinking about doing this for fun, part-time. Your thread starts out by saying that some fairly major expenses need to be incurred in order to not get severely burned (insurance, safes, licensing, etc.). I do plan on joining the ANA, but the other stuff seems quite overkill for the small-time business I was thinking of doing. I got the idea to get into this from another guy who is also a part-time dealer (first a collector). You mentioned that the post office rarely pays out on coin claims even though it has been insured. Your note here correlates with what another dealer told me since he never insures his mail since they've failed to pay. Is it safe to say that it's a complete waste of money to insure coins through the U.S. mail?!?! Hmmm... you've given me some food for thought. I guess you could say I'm a bit more nervous about jumping into the formal coin dealing waters. ...Maybe I can find a way to work with a current dealer... Thanks again![/QUOTE]
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Want to become a dealer....need advice!
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