Anybody wanna be a dealer?

Wondo

Coin shop for sale

Russ

<< <i>THE REEDED EDGE COIN/COLLECTIBLE WEB STORE W/ INVENTORY >>



Hey, they forgot "PQ" at the end of the auction title.

Russ, NCNE

RYK

I think the barrier to entry to the online ebay-based coin business is much lower than $1,000,000. MUCH lower.

kamehameha00

1 MILLION DOLLARS?!

roadrunner

I guess the store front and website business aren't doing all that well. A cool MILL sounds like a stretch. I'd for for a major rarity first.
I don't buy the major name recognition on ebay either. Better off to keep your MILL, buy some neat coins for inventory and start hitting the major shows. It's the coins and the ability to buy them right.

This is a quick way to get rid of a lot of dead inventory in one fell swoop. Lots of dealers wish they could do this once a year.

roadrunner

CopperDude

And dosen't except Pay Pal that lets me out. Oh well

relayer

I only bought one coin from them and paid a premium for it, but it's my favorite.

They were great to deal with.

PCGS MS64

They've had a lot of problems after eBay raised their reserve fees to 1%. First they moved to Yahoo, then came back and listed about $20,000 worth of coins with no reserve.

The cheap people on eBay bid it up to around 10k so they canceled all of their auctions and everybody yelled at them. (I know all this because they send email).

Anyway it's fun to pretend you could sell your shop out for a million, and it only costs a few dollars to list it on eBay

EarlyHalfBoobu

The way they price some of their items, $400K of inventory probably equals $200K.

jdimmick

Sounds like a way to get out while the market's strong, and cut out overhead an expense and clean out the inventory as well as someone mentioned. They probably realized, that they can do just as well from attending major shows, if not better.

That way if the market downturns, there all ready free and clear from the shop and only have inventory in hand which is much easier to disperse.

ColonialCoinUnion

"Seldom do you hear a firm complain about too much business, but this is literally the phenomena that we are presently experiencing!"

Can't argue with that reasoning. Can you?

Barry

Does he overprice his business as much as his coins?

roadrunner

Too much business? What a load of crap! Just another way to move out of slower parts of the business and dead inventory.

No one has too much business, except maybe the IRS.

roadrunner

mrearlygold

Why would anyone want to be parked inside the fishbowl in todays day and age?

TP