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Wayne

Collectors should never be dealers and dealers should never be collectors.

MS65

@MFeld said:

@PeakRarities said:

@Sanddollar said:
One of the finest dealers on this forum is Mark Feld. Ask him if he is also a collector.

1. You have yet to put forth any valid argument as to why.

2. Mark is not a dealer any more, now he is the finest Numismatist/ Consignment Director.

3. How many coins would one need to own to be considered “a collector”? 1? 5? 20?

Thank you.
But gosh, I thought I was still a dealer.😮

Although I’m a “consignment director”, I spend much of my time buying and selling coins, doing some coin write-ups, advising clients, working with marketing, providing auction estimates and screening auction lots for clients. What can I do to become a dealer? 😉

My my, you’re not easy to please, are you? I thought it would be considered an upgrade going from “one of the finest dealers” to “The Finest Senior Numismatist/ Consignment Director”, but pardon me. 😜

I considered this route when I decided to get into the business. I had a similar thread about the same subject if you want to check it out. Ultimately, I decided against it, and went the online retail and some shows route. I have an office but it’s by appointment only, and most calls that come in are about wheat cents or junk silver, occasionally I’ll get some gold or decent Morgan’s.

I’m working on a different angle now as well, but I’m happy to share the information I used to make my decision if you want to give me a call sometime. There’s many factors that needs to be taken into consideration if you want to go the shop route, , in addition to a lot of great advice already posted here.

If you decide to open a shop, have somebody there when you're gone. Nothing pisses me off more than driving up to a store on a Saturday afternoon to find out they're closed.

Travel to several local shows if available in your area and see if there’s even a demand for a coin shop. Realize that once you open a shop it owns your life…..Good luck!

Low to high.