Why? I love coins and I would love spreading numismatics in a positive way. You can be a coin dealer and not be a crook. There are a few out there.
I am in the middle of trying to become a dealer right now. I'm getting my resale license and I have contact with a couple of wholesalers that I do part time business with right now.
I'm on the fifteen year plan. I have fifteen years to go until retirement. I figure if I put 300 dollars a month into an inventory then I should have around 50000 dollars inventory to open a little shop when I retire. I will only be 42 years old with half pay coming in case times get rough.
Of course, I have no idea what might change from then til now but that's the plan.
<< <i>But I love coins and it beats working for a living. After I go to the post office I can swing by Dairy Queen and get a chocolate dipped ice cream cone without having some boss looking at his watch when I get back!!! >>
muhahahaHAHAHAHA the subliminal avatar STRIKES AGAIN!!
I can see myself being a dealer in 10 years or so but only if the wife is going to travel with me...
I sold some extra coins at a flea market some years back, and that was my first real taste of being a "dealer." The hard part for me was-- and would still be-- people coming up and wanting to sell me coins I didn't want/need.
To be a successful coin dealer, you must steel yourself to the FACT that every time the door opens, someone wants to take advantage of you.
At first I laughed. Then I shook my head. Now that I'm composing my reply I'm just sad. A dealer claiming that his clients are trying to take advantage of him is like a mountain lion claiming the rabbit is trying to eat him.
Facts:
A coin dealer who buys a set of war nickels for $5 will feel ripped off and taken advantage of when he sells the same set of war nickels to a collector for $25, and the collector cherry picks a 1943/2. (Yup, that's exactly how I got this coin)
A coin dealer will view EVERY new coin collector coming into his shop with utter contempt, and view any education of said collector as a pain and a nuisance.
A coin dealer will arrogantly demand that a collector not dip or clean coins while dipping and cleaning coins in the back room.
A coin dealer will blame the greysheet, the seller, the buyer, the metals market, and the weather before blaming himself when a poor coin purchase costs him money.
Most importantly......a coin dealer thinks that he has an absolute RIGHT to make money buying and selling coins, and that coin collectors are not afforded this right. Basically it means he is angry at ebay, angry at collectors bidding on estates, and angry at anyone who DARES to pay more or sell for less than he does. Dealers are generally an unhappy lot and need anger management classes.
"...reality has a well-known liberal bias." -- Stephen Colbert
Iwog is an equal opportunity board member. He treats all coin dealers the same.
He hates all of us, good, bad or somewhere in between. I can’t understand why he stays in the hobby with an attitude like that. If I were he, I’d find another passtime where every professional is not “a crook.”
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
However it's becoming more and more difficult to appear dramatic in the face of such abomination as a coin dealer claiming that collectors are trying to take advantage of him. I just can't compete with nonsense of that magnetude!
Therefore I present certain truths that are certainly widespread and VERY VERY prevalent, but perhaps not universal. I leave it to the dealers to squawk protest if they think they are being unfairly characterized. The sad fact is that I'm not making anything up, and the chances that YOUR dealer is the one I'm speaking of is extremely high.
"...reality has a well-known liberal bias." -- Stephen Colbert
Comments
Why? I love coins and I would love spreading numismatics in a positive way. You can be a coin dealer and not be a crook. There are a few out there.
I am in the middle of trying to become a dealer right now. I'm getting my resale license and I have contact with a couple of wholesalers that I do part time business with right now.
I'm on the fifteen year plan.
I have fifteen years to go until retirement. I figure if I put 300 dollars a month into an inventory then I should have around 50000 dollars inventory to open a little shop when I retire. I will only be 42 years old with half pay coming in case times get rough.
Of course, I have no idea what might change from then til now but that's the plan.
SEND ME WANT LISTS!!!!! Good deals for everyone!!
See, I have it down already.
siliconvalleycoins.com
<< <i>But I love coins and it beats working for a living. After I go to the post office I can swing by Dairy Queen and get a chocolate dipped ice cream cone without having some boss looking at his watch when I get back!!! >>
muhahahaHAHAHAHA
I can see myself being a dealer in 10 years or so but only if the wife is going to travel with me...
--------T O M---------
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a "dealer." The hard part for me was-- and would still be-- people coming up and wanting to sell me
coins I didn't want/need.
At first I laughed. Then I shook my head. Now that I'm composing my reply I'm just sad. A dealer claiming that his clients are trying to take advantage of him is like a mountain lion claiming the rabbit is trying to eat him.
Facts:
A coin dealer who buys a set of war nickels for $5 will feel ripped off and taken advantage of when he sells the same set of war nickels to a collector for $25, and the collector cherry picks a 1943/2. (Yup, that's exactly how I got this coin)
A coin dealer will view EVERY new coin collector coming into his shop with utter contempt, and view any education of said collector as a pain and a nuisance.
A coin dealer will arrogantly demand that a collector not dip or clean coins while dipping and cleaning coins in the back room.
A coin dealer will blame the greysheet, the seller, the buyer, the metals market, and the weather before blaming himself when a poor coin purchase costs him money.
Most importantly......a coin dealer thinks that he has an absolute RIGHT to make money buying and selling coins, and that coin collectors are not afforded this right. Basically it means he is angry at ebay, angry at collectors bidding on estates, and angry at anyone who DARES to pay more or sell for less than he does. Dealers are generally an unhappy lot and need anger management classes.
Sounds to me like you might get a little something out of an anger management class.
Some dealers are like that but not all. Finding a good dealer is like finding a good coin. It takes awhile but is well worth the trouble.
John
siliconvalleycoins.com
He hates all of us, good, bad or somewhere in between. I can’t understand why he stays in the hobby with an attitude like that. If I were he, I’d find another passtime where every professional is not “a crook.”
No. I would probably end up like Mark in your other other thread.
CG
However it's becoming more and more difficult to appear dramatic in the face of such abomination as a coin dealer claiming that collectors are trying to take advantage of him. I just can't compete with nonsense of that magnetude!
Therefore I present certain truths that are certainly widespread and VERY VERY prevalent, but perhaps not universal. I leave it to the dealers to squawk protest if they think they are being unfairly characterized. The sad fact is that I'm not making anything up, and the chances that YOUR dealer is the one I'm speaking of is extremely high.