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Why aren't there more minority collectors and dealers?
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<p>[QUOTE="RedTiger, post: 780141, member: 19098"]There are several factors. Other cultures channel their kids more into sports or other activities, so never get into collecting as kids. 90%+ of coin dealers got exposed to the hobby when they were young.</p><p><br /></p><p>Some neighborhoods aren't safe areas to have an extensive personal coin collection or to have a store front coin shop. As a percentage, more of these unsafe places are minority neighborhoods.</p><p><br /></p><p>There is also the "good old boys and girls club" that dominates the show circuit. A dealer needs to have suppliers, and that doesn't just mean showing up with cash or a line of credit. It requires a level of trust and personal relationship. For the new dealer, that often means some hard ball negotiating. Folks that look different, or are from a different culture may have to work twice as hard to get the same wholesale prices as someone that looks the same as the other dealers.[/QUOTE]</p><p><br /></p>
[QUOTE="RedTiger, post: 780141, member: 19098"]There are several factors. Other cultures channel their kids more into sports or other activities, so never get into collecting as kids. 90%+ of coin dealers got exposed to the hobby when they were young. Some neighborhoods aren't safe areas to have an extensive personal coin collection or to have a store front coin shop. As a percentage, more of these unsafe places are minority neighborhoods. There is also the "good old boys and girls club" that dominates the show circuit. A dealer needs to have suppliers, and that doesn't just mean showing up with cash or a line of credit. It requires a level of trust and personal relationship. For the new dealer, that often means some hard ball negotiating. Folks that look different, or are from a different culture may have to work twice as hard to get the same wholesale prices as someone that looks the same as the other dealers.[/QUOTE]
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Why aren't there more minority collectors and dealers?
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