Looking For A Helping Hand --- Final Post Added

GregTheGreat

As those of you that keep the U.S. Coin Forum open a lot I am starting my own coin busisness. I have spent that last month now getting ready for the big day on October 24th. I have been buying stuff like crazy and my money supply is beginning to run short. I got this really cool custom designed showcase that sits at a 45 degree angle.... its nice. Well anyways.... Like I said I am beginning to run short on money, and I am completely out of 2 X 2 Coin Flips. I only can spend enough money to get a few more packs and I have a lot more coins to put up then a few packs of holders can hold. I was hoping that a few of the board members would have it in there hearts to send me some 2 X 2 holders or any other supplies that may be useful. Its very hard when your just getting started and I don't want 10 dollars worth of holders standing in my way of success. I really need some supplies desperately, and any help would be apprichated. Please help me get my feet planted in the coin busisness. Thanks in advance for any help you can offer me.

Thanks Again,

-Greg Ulllstam

greatcoinshop@yahoo.com

kieferscoins

How are you going to have enough money for the show for change? What about of a lady comes with a $500 collection for sale and you could buy it and sell it at the show? You gotta have money to buy coins at the show to stay in business. If the show is slow will you be ruined?

Cameron Kiefer

GregTheGreat

<< <i>How are you going to have enough money for the show for change? What about of a lady comes with a $500 collection for sale and you could buy it and sell it at the show? You gotta have money to buy coins at the show to stay in business. If the show is slow will you be ruined?

Cameron Kiefer >>



The show I am doing is Oct. 24th and the month of Octiber is for building up my bankroll for exactly that purpose. I am only going to carry $100-$200 cash at the show.... Large purchases will be made by check only.

Thanks,

-GreG U

Coulport

Sounds like a little more work on the business plan is needed.
A helping hand with a few more flips is no cushion.

ziggy29

<< <i>Sounds like a little more work on the business plan is needed.
A helping hand with a few more flips is no cushion. >>

Agreed. I'd wait a little while and raise more money as a cushion rather than go into business on a shoestring.

GregTheGreat

I was just meerly asking for some support from well established dealers, etc. who would want to give a new dealer a break. From my earlier threads I do have a lot of expierence in the field.... I won't go over that again. I think you can apprichate how every cent counts in the coin busisness, and they more I can save the better. I on top of putting money into a wonderful display for 5the show have put a large quanity of money into getting coins for the show. I know what I am doing and I do have a strategic plan in place. I just know that every cent counts and the more help I can get the better.

Thanks,

-Greg U

coinguy89

I wish you the best of luck in the show, but I would agree with the others that you shouldn't go into anything without a nice amount of backup cash.

SDCollector

I agree with Cameron. You're going to need a good supply of cash.

I recommend you take another look at your business strategy.

You worked in a coin shop, correct? If so, then you know better than me that the way to survive is to buy coins. I don't think you'll have much success if you concentrate exclusively on retail coin sales...there's not enough volume. My advice, re-think your business strategy while you still have time. If you really want to make a full time profession in the coin business, then sell the coins you have via eBay quickly (it's dead inventory that's already tying up your cash...you don't even have enough money to buy flips!). Find a job in a coin shop with an owner who is going to retire in the near term. Then you can buy-out his/her business.

You still have time to make a change in approach. Otherwise your going to be stuck with a big inventory of low margin coins and no cash flow.

I hope this helps.

INXS

<< <i>Its very hard when your just getting started and I don't want 10 dollars worth of holders standing in my way of success. >>



Greg,

I wish you good luck, but if $10 will keep you from being successful you had better do a business redesign. Incidentally 2 x 2 flips at Amos Advantage are only $3.00 per 100. Maybe the custom designed case could have waited until the business got established.

Best of Luck

Inxs

MrEureka

Greg -

To be blunt, begging for $10 worth of supplies is not the best way to work this audience. On the other hand, there are many here that would go out of the way to do business with you, just to help a fellow board member. You might even convince some of us to consign coins to you. The profits you could earn selling consigned coins would likely exceed the $10 you're trying to save on supplies, especially if you factor in the potential for repeat business.

Regardless, good luck with the show! Let us know how it goes.

GregTheGreat

<< <i>I agree with Cameron. You're going to need a good supply of cash.

I recommend you take another look at your business strategy.

You worked in a coin shop, correct? If so, then you know better than me that the way to survive is to buy coins. I don't think you'll have much success if you concentrate exclusively on retail coin sales...there's not enough volume. My advice, re-think your business strategy while you still have time. If you really want to make a full time profession in the coin business, then sell the coins you have via eBay quickly (it's dead inventory that's already tying up your cash...you don't even have enough money to buy flips!). Find a job in a coin shop with an owner who is going to retire in the near term. Then you can buy-out his/her business.

You still have time to make a change in approach. Otherwise your going to be stuck with a big inventory of low margin coins and no cash flow.

I hope this helps. >>



Your opinion is noted.... You also have to realize that the show I am going to I am specifically targeting the coins that the other dealers did not have. Mainly they had 2 types of coins Silver Halves and Dollars. There were no Proof SAE's, there were no 2004 BU Coinage (outside of the nickel) and there were no ERRORS!!!!....

I have spent my money on most of those things..... don't think that I only have non-moving merchendise...

Some of the coins that I will most likely be displaying at the show are....

a 1944 D/S in EF-45
a 1922 No D cent
A bunch of modern errors (rotated dies, OMM, and d/d's, and OC's)
Proof ASE's

another thing that was very lowly displayed were SLABS.... there were maybe 20 in the whole place.... I have more then that at my table alone.... From PCGS to ANACS to those cheap 3rd party services.

I have put my money in the high-interest places for this coin show.

I want to also mention that the reason I asked for flips was so that those of you that wanted to help the new guy out could relatively cheeply. I will prob. place an order for 10000+ flips in October sometime but for me to get a decent price on flips thats the quantity I need to buy, and don't feel like shelling out $150 for supplies right now when I need to concentrate on getting the coins. So I figurered why not ask the members of CU for a little support in my endevor. I figurered there could be a few people that could spare some coin flips for a new an upcoming dealer.

Thanks,

-Greg U

littlejohn

Large purchases will be made by check only.

----------------------------------------------------------------------------
wooo
you going to take check at a show.
that not a good idel at all.
i think you need a lot more learning before doing anythink like that.
littlejohn

SDCollector

Greg,

I hope you haven't given up on this thread. The posters here are sincerely trying to help you out. Retail coin sales is a relatively low volume business, even at larger coin shows. Unless you are one of the huge online dealers or auction houses, retail sales is not the best strategy. Small coin show dealers are usually retirees or weekend part-timers. If you sincerely want to make a full-time living in the coin business, again find a job at a successful coin shop with the opportunity to learn and maybe someday take over the ownership.

GregTheGreat

<< <i>Large purchases will be made by check only.

----------------------------------------------------------------------------
wooo
you going to take check at a show.
that not a good idel at all.
i think you need a lot more learning before doing anythink like that.
littlejohn >>



No.... you misunderstood....

If I make a large purchase from a collector or someone trying to sell me something if the purchase is over $50 I will write them a check. I am not going to carry several thousand dollars on me.... thats when you get hit at the end of the night as your loading your van up with the coins.

Hope that clarifys,

-Greg U

braddick

Greg,
If those other experienced Dealers have been setting up at that show for awhile you might then want to ask yourself why they don't carry the coins to the show that you think are lacking.

(People go to the Sizzler not to order veggie burgers.)

Possibly the clientele that frequent that show are not looking for D/S circulated Lincolns, or proof bullion coins and those other Dealers have that long since figured out.


Just a thought.

roadrunner

Your opinion is noted.... You also have to realize that the show I am going to I am specifically targeting the coins that the other dealers did not have. Mainly they had 2 types of coins Silver Halves and Dollars. There were no Proof SAE's, there were no 2004 BU Coinage (outside of the nickel) and there were no ERRORS!!!!....

Is it possible that the reason you don't see these things out all that much at shows is that they are not good profit-makers for the dealers? Just a thought. Most of the business that I do when I set up at smaller shows is about 98% wholesale. Getting a retail base is very difficult and quite costly. Either you do it with a store or with lots of advertising. It's easier for me to sell a good coin to a dealer than to a seasoned collector. If you're trolling for newbies, that's a totally different arena. Flea markets, antique shop displays, ebay, are all reasonable places to start.

I suggest getting your chops down on the wholesale level first. Give that at least a year or two. Then rethink your longer term strategy.
The advice given on this thread has been sound.

roadrunner

GregTheGreat

<< <i>Greg,

I hope you haven't given up on this thread. The posters here are sincerely trying to help you out. Retail coin sales is a relatively low volume business, even at larger coin shows. Unless you are one of the huge online dealers or auction houses, retail sales is not the best strategy. Small coin show dealers are usually retirees or weekend part-timers. If you sincerely want to make a full-time living in the coin business, again find a job at a successful coin shop with the opportunity to learn and maybe someday take over the ownership. >>



I had a job at a shop just like the one you are discribing.... I didn't enjoy it.... I am not looking to make a million dollars, I am looking to start slow and eventually get my own shop.... which I can see happening in the next few years.

I understand what you are saying about the damand on retail coins, however I know what the demand is at the show I am going to and I know where to outsmart the other dealers. I attending the last show they had in August and took notes of what people couldn't find and were looking for and what stuff was readily avalible and not selling. I have cornered the market in all the areas that people did not have occupied. the show is definitly lacking some of the major essentials of a coin show and thats where I am going to hit them.

I can see making between 500-1000 dollars easily at the show.... however I am going to have huge signs that say "SELL YOUR COINS HERE" that way I can pick up some more merchendise at reasonable prices and turn around and sell them....

A quick story.... there was a guy trying to sell 800+ buffalo nickels (most full date) and he wanted I think 20 cents a piece for them and there was not a dealer in the place that would buy them.... now if I can pick up something like that the whole point is made as to what I am trying to do here. I am not looking for a steady coin busisness at first.... I am looking to corner the market in the weak areas and hit the show for a wuick pickup of a grand. Then I have a few more months to get ready for the next one.

The show I am going to be dealing at is very unique because I can take common cheap items and pull a 25% gain on even circ. meterial. I know what I am doing in reguards to this coin show. The demand on the items I am stocking is high and I will have the market locked down.

In reguards to the coin flips.... I was asking for some help from the CU members because thay often like helping new dealers, etc. out. I know I eventually will have to buy the whole big lot of 10000 holders but I was hoping to get some help from the CU board memebrs to hopefully wait until after the first show, seeing as I will have a lot more money after the first show.

I hope this makes sence to all of you now.

Thanks,

-Greg U

SDCollector

Braddick hit the nail on the head.

I guess I'm most interested in these types of threads because I'm a business person (but not in the coin industry). I want new businesses to succeed. The coin industry is a mature and mostly efficient market. Greg, take a step back and study the coin industry and you'll discover how the market works. I hope you prove me wrong, but retail sales is going to be very tough.

ziggy29

<< <i>I can see making between 500-1000 dollars easily at the show.... however I am going to have huge signs that say "SELL YOUR COINS HERE" that way I can pick up some more merchendise at reasonable prices and turn around and sell them.... >>

Not meaning to sound challenging or condescending here, but...how well can you do that if you're concerned about spending ten bucks for supplies?

MadMarty

<< <i>No.... you misunderstood....

If I make a large purchase from a collector or someone trying to sell me something if the purchase is over $50 I will write them a check. I am not going to carry several thousand dollars on me.... thats when you get hit at the end of the night as your loading your van up with the coins.

Hope that clarifys,

-Greg U >>



If I'm Joe Collector and I have a $1000 coin to sell, you want it and offer to write a check! I keep the coin. If you buy something from other dealers checks are fine. But for collectors, we are selling to buy something else. A check from Newbie-Greg gets me nothing! I want the green! Plus you never go to a show alone! Who is going to watch your table while you go to the bathroom!

GregTheGreat

<< <i>Greg,
If those other experienced Dealers have been setting up at that show for awhile you might then want to ask yourself why they don't carry the coins to the show that you think are lacking.

(People go to the Sizzler not to order veggie burgers.)

Possibly the clientele that frequent that show are not looking for D/S circulated Lincolns, or proof bullion coins and those other Dealers have that long since figured out.


Just a thought. >>



I talked to around 20 people at the show and they were disappointed at the supply in certain areas.... I also had a ton of people looking for certain things at the tables that were no where to be found.

PEOPLE were looking for slabs like crazy and the only slabs there were Morgans.... people were looking for wartime.... there was none.... wheats there were none.... PROOF ASE's there were none.

I took 9 pages of notes on all the conversations I heard and have planned my inventory accordingly....

I know what I am doing at this coin show.

Thanks,

-Greg

MadMarty

<< <i>I know what I am doing at this coin show. >>



If it is a $50 per table coin show then you'll do fine! Hell I made $50 at a show selling my cutout darkside coins at $1 each!

darktone

I also agree with the others you might want to reconsider if your are short on cash. What if there are unexpected expenses such as local permits? Being the new guy I am sure many dealers will check you out and offer to buy or sell from you and if you turn some good deals down you may not be offered stuff again. But if $10 is holding you back send me your Paypal ID and I'll send you $10. mike

GregTheGreat

<< <i>Braddick hit the nail on the head.

I guess I'm most interested in these types of threads because I'm a business person (but not in the coin industry). I want new businesses to succeed. The coin industry is a mature and mostly efficient market. Greg, take a step back and study the coin industry and you'll discover how the market works. I hope you prove me wrong, but retail sales is going to be very tough. >>



For most shows I would more then agree with you....

but this show is different then your other shows....

most of the people that attend are either specific set collectors or newbies doing things like Jefferson's and Lincolns. There is a lot of money to be had at the show between common BU stuff that you make appealing in a 2 X 2 flip.

As for the other guy that said.... I should not be concerned spending 10 dollars in flips.... I am not concerned spending 10 dollars in flips.... I would be spending $170 in flips (for the discount rate from my supplier) and I would much rather have the bulk of my assets in coins then holders right now.... but no fear I will be placing an order with my supplier this evening.... $170 in flips here it comes....

Thanks,

-Greg U

braddick

Greg,
Sounds good. Remember though, the instant the other Dealers catch on that the coins you're offering (and, they're not) are selling, they'll load up on the same material for the very next show.

There is no loyalty among business people that way.
If you discover a better way to build a mouse trap, the others will quickly duplicate your efforts.

GregTheGreat

<< <i>

<< <i>I know what I am doing at this coin show. >>



If it is a $50 per table coin show then you'll do fine! Hell I made $50 at a show selling my cutout darkside coins at $1 each! >>



Better yet $30 a table.....

The table expense will be taken care of in the first 15 minutes I am there.

then from there out its just profit.

I hope some of you can understand where I am coming from now.... I agree with you that its hard to make huge money at retail.... however I am retailing what the collectors want at this show and are not getting. I had 30 minute conversations with all the dealers at the show and only 2 of them even have there own shops.... the others are all mom and pop dealers doing it in there free time.... which is how I will start... A coin show every month then getting more and more money built up in the bank and more and more coins in the Safety Deposit Box then in a few years I can get a store front.

Thanks,

-GregU

GregTheGreat

Well I have to go....

Thanks for the advice....

Thanks,

-Greg U

MadMarty

Let us know how it turns out! Take pictures of them lined up 10 deep buying you out!!!

littlejohn

there a lot more money on the net ,than in a store,store are almost a thing of the past.!!!
littlejohn

GregTheGreat

<< <i>there a lot more money on the net ,than in a store,store are almost a thing of the past.!!!
littlejohn >>



Well stores are good for buying from the public.

Thanks.

-Greg

jbsteven

this is a disaster waiting to happen. I would like to know how your PROFITS are going in 6 months.

good luck (you are going to need it).

K6AZ

Now I've seen everything. First you spam us, then you beg for $10 worth of supplies when you put yourself out as a "dealer"?

stman

Tough love here ...... get off the Internet and go do this.... to earn the money you need and quit begging.

RYK

Greg,

Experienced collectors and dealers have given you good advice here. Hopefully, you will drop the "I know what I am doing" attitude and at least listen.

Good luck on your endeavor.

Robert

roadrunner

Make $500-1000 per show? Sounds a bit far fetched if you ask me.
I don't make even close to that per smaller show on average I'm a little better capitalized than yourself. I do those shows more for exposure and good will than anything else.

If it were that easy, everybody would be doing it. You are in for a rude awakening my friend. You'd be far better to tag along with another dealer for a while on the show circuit. Unless you are doing flea-markets don't expect collectors to be buying your good Buffs or common date wheat cents. I hope this isn't going to be your primary job??

roadrunner

DeepCoin

Greg, I hope this all turns out well for you, but as many have stated we think you have the wrong business model. There are two ways that dealers survive in this business. One, is to market coins that have enough margin in them where you can make out with a limited number of sales. The second is to buy low from the public. To do this you need deeper pockets than you have.

The day of the little guy running a coin shop is almost over. You either need big volume with large customer lists or an internet presence. As many of the vest pocket dealers will tell you, there are many hidden costs with small shows.

I wish you the best, but as someone who has taught people how to start a small business at the university level I would caution you to reexamine your business plan. One of the worst mistakes is to be too thinly capitalized. Have you considered taking in a partner in the event of a person offering you a large collection or a highly valuable coin at a favorable price? What is your plan is some offers you a 16-D Merc in Unc for 8K? Just a thought.

Wishing you the best.

littlejohn

hi
you can call youself a dealer.but utill the dealers think your a dealer,
you not one.i been working for 3 years now at that.
and just now am i get a big discount on coins.and i got a sealed bid limited invitation auction,at heritage ,gallery auctions. and
i am not sure that i know what i need to know to place a bid.so when i go ,i will be bidding on the small lots,till i understand thing better,and how it all works.
littlejohn

littlejohn

Experienced collectors and dealers have given you good advice here. Hopefully, you will drop the "I know what I am doing" attitude and at least listen.
--------------------------------------------------------------------
well said!!!
were trying to help you,but i don't think your listening.
this is my last bit of help.slow down,read a lot,learn more about coins before you try this.
your going about this all wroung.asking dealers for help.thay don't want any more dealers.and not going to buy you 2x2 ,for you to sell coins in the same place as them.cuting ther profit.
littlejohn

GregTheGreat

<< <i>Greg, I hope this all turns out well for you, but as many have stated we think you have the wrong business model. There are two ways that dealers survive in this business. One, is to market coins that have enough margin in them where you can make out with a limited number of sales. The second is to buy low from the public. To do this you need deeper pockets than you have.

The day of the little guy running a coin shop is almost over. You either need big volume with large customer lists or an internet presence. As many of the vest pocket dealers will tell you, there are many hidden costs with small shows.

I wish you the best, but as someone who has taught people how to start a small business at the university level I would caution you to reexamine your business plan. One of the worst mistakes is to be too thinly capitalized. Have you considered taking in a partner in the event of a person offering you a large collection or a highly valuable coin at a favorable price? What is your plan is some offers you a 16-D Merc in Unc for 8K? Just a thought.

Wishing you the best. >>



My capital is not as low as it seems.... I am just meerly trying to keep coins as my main focus in my spending.

I have tried to describe the show as much as possible and many of you can not understand how this show is set up.....

I will give you a final discription of what I am doing.....

I am working a show (for a PART TIME endevor) to pick up cash and to purchase coins from the public. I do have the funds to pay for many of the things I need.... however I was just looking for a few flips to start me off so I do not have to order another 10000 until after the show. I have around 1000 coins to put up before the show but like I said I felt like spending 170 dollars when I only needed 1000 at this time would be a poor busisness investment.

I already have 1500 dollars set aside for sutomer purchases. I also have hired help for the show. Between all the FEE's of the show and the help I have and gas money and every other expense for the show is just around $80.

I DO NOT EXPECT..... to open a shop tomorrow. I was a dealer for many years at a coin shop and played the shop game and have attended dozens of shows. I know how to make money in the busisness. We often forget that there is a busisness world outside the internet. Granted the internet is great.... and I sell coins on it often, however the best way to get coins to sell is to buy from the public.

I am not expecting to hit it big overnight.... I know it takes time. I have heard all of your opinions and noted them all. You must remember though that different people make money in different ways and there is no SET rules for the coin industry.

The dollar is the bottom line and I know how to stretch the buck to get the most merchendise for my dollar. I am just going to build, build, build my surplus of coins while making small profit over the next few years at various shows until I get to the point where I can get a store front.

I have dealt in tens of thousands of dollars worth of coins, buying, selling, etc. I have touched upon every aspect of coin collecting from gold, silver, and copper. I know what to buy and how to sell it. I am not trying to seem boastful or egotistical but I do know that market that I am selling to. Many of the people that attend this show have known me for 5-10 years. I know almost all the dealers and have talked to all of them on a 1-1 basic on numerious occasions. I am farmiller with the coins that sell and the ones that dont.

The key is to know your market and appeal to it.... and thats exactly what I am doing.

Supply and Demand.... its the name of all busisness....

So when there is a demand and no supply thats what I stock.



<< <i>What is your plan is some offers you a 16-D Merc in Unc for 8K? Just a thought. >>



Well in the circumstance that something as wonderful as this happened, I would call up my friends and family and get 8 grand down there in 5 minutes..... I seriously doubt something like that would happen. But we all can dream....

Thanks,

-Greg U

JoeHolt

Greg I had offered to sell you flips at 2.50 per 100 with boxes for ea 100 if you need I still have them some times it is better to start off small and pay a little more then to hace your cash flow sitting there not doing its job makeing more money.

I understend your want to go into coins as this is something I am doing at this time myself but starting in the supplies side at the local show no one sells them there at all. So this is a interest I have decided to try I will also have some coins there and if all goes right I will be the promoter of the show im going to very soon do I want to get rich on this no I want to do this to get more experence and to gain knowledge. also if someone comes in to sell some stuff if I get lucky and they still have it when they get to me ill have cash on hand to make buys of items I want. im also working on a website for this venture. All I say is dont quit your day job.

jbsteven

<< <i>I was just asking for a few flips to prevent me from having to buy 10000 of them >>



so you are saying you would rather someone GIVE you something to start your business rather than spend the money yourself that you already have?

MICHAELDIXON

Greg,
This is not a slam, but if you offer to buy coins on the BST board, you have to offer realistic prices. Prices you list are not realistic. Greysheet bid on a Good barber dime is $1.35 and your offer is .40. You haven't made many friends on these boards and many of the members don't think too highly of you. From your posts, my opinion is that you will fall flat on your face rather quickly. If I pay $4.50 for a coin and you send me a PM offer of $1-$2 for the coin, I know you won't be buying many if any at all. Step back and read everybody's posts with an open mind. All of us, from the small dealer like myself to Laura have started out and the knowledge is overwhelming. From experience, if somebody at a show tells you if you had a certain coin, they'd buy it, doesn't mean they will buy it when you show up with it. If somebody asks you for a specific coin, ask for a deposit. Start small, with what YOU can afford. Pay fair prices, don't try to get things for nothing. If you are fair with people, you will last in this business. If you are not, you will crash and burn and be oblivious to why.

GregTheGreat

<< <i>

<< <i>I was just asking for a few flips to prevent me from having to buy 10000 of them >>



so you are saying you would rather someone GIVE you something to start your business rather than spend the money yourself that you already have?

>>



No. I was asking for some flips no avoid me having to pay a high price for indivigu. packets of 100 flips.
because my supplier gives me a break at 10000 flips but I do not want to purchse such a high quantity until after the show in October because it would tie up a lot of money.....

and everyone has been saying don't tie up your money in pointless items.

Thanks,

-Greg

roadrunner

As those of you that keep the U.S. Coin Forum open a lot I am starting my own coin "busisness."

Enough said.

have dealt in tens of thousands of dollars worth of coins, buying, selling, etc. I have touched upon every aspect of coin collecting from gold, silver, and copper. I know what to buy and how to sell it. I am not trying to seem boastful or egotistical but I do know that market that I am selling to. Many of the people that attend this show

Tens of thousands? Once you've handled a few MILLION you might be getting a handle on things. Sorry, but tens of thousands is not going to have you given you much of an education.

Won't one good forum member step forward and fund this guy for say $250,000 to get him started. Seems like a sure fire busisness propostion. TDN? Legend? Pinnacle? Spectrum? JB? Anyone?
Remember how good Eric Streiner turned out for Stacks? And that
$250,000 is just another incidental expense that Greg would like to avoid. Who needs nuisances like that to get in the way of big busisness? I concur, reread the posts again. Sounds like stuff I would have done when I was 18 when I had no clue (still don't) on how things really work.

roadrunner

GregTheGreat

<< <i>Greg,
This is not a slam, but if you offer to buy coins on the BST board, you have to offer realistic prices. Prices you list are not realistic. Greysheet bid on a Good barber dime is $1.35 and your offer is .40. You haven't made many friends on these boards and many of the members don't think too highly of you. From your posts, my opinion is that you will fall flat on your face rather quickly. If I pay $4.50 for a coin and you send me a PM offer of $1-$2 for the coin, I know you won't be buying many if any at all. Step back and read everybody's posts with an open mind. All of us, from the small dealer like myself to Laura have started out and the knowledge is overwhelming. From experience, if somebody at a show tells you if you had a certain coin, they'd buy it, doesn't mean they will buy it when you show up with it. If somebody asks you for a specific coin, ask for a deposit. Start small, with what YOU can afford. Pay fair prices, don't try to get things for nothing. If you are fair with people, you will last in this business. If you are not, you will crash and burn and be oblivious to why. >>



Understandable....

The barber price I was offering was for culls....I don't remember in what post i made this but I believe that was close to my offer.

The $1-$2 a coin is what I have purchsed those junk slabs for before.... If you'd like I would be more then happy to present you with evidence of those kind of purchases.

I mainly offer prices for things that I wish to pay. I have bought thousands worth of coins on the CU and the RCC and have not hand complaints with the price I am offering. I make an offer and if someone takes advantage of it all the more power to the both of us. Even today I purchased 3 MS-69 PCGS ASE's, 9 Plastic Slab Boxes, and am working on purchasing some error coins. I definitly spend money on these boards and look for a best price like everyone else.

I do not take offense to your comment at all.... you are entitled to your opinion like everyone else and I will continue to show you my point-of-view as well.

Thanks,

-Greg

Russ

Damn this is just flat funny!

I'd suggest you go to Vegas with the last of your capital, lay it all on the line and see what happens. Rumor has it Fred Smith did this, and look where he is today.

Russ, NCNE

GregTheGreat

<< <i>As those of you that keep the U.S. Coin Forum open a lot I am starting my own coin "busisness."

Enough said.

Tens of thousands? Once you've handled a few MILLION you might be getting a handle on things. Sorry, but tens of thousands is not going to have you given you much of an education.

Won't one good forum member step forward and fund this guy for say $250,000 to get him started. Seems like a sure fire busisness propostion. TDN? Legend? Pinnacle? Spectrum? JB? Anyone?
Remember how good Eric Streiner turned out for Stacks? And that
$250,000 is just another incidental expense that Greg would like to avoid. Who needs nuisances like that to get in the way of big busisness? I concur, reread the posts again. Sounds like stuff I would have done when I was 18 when I had no clue (still don't) on how things really work.

roadrunner >>



If you count the transactions I made as a essential part of the shop I used to work at I would have several hundred of thousands worth of sales, prob. near a million or so.

-Greg U

GregTheGreat

<< <i>Damn this is just flat funny!

I'd suggest you go to Vegas with the last of your capital, lay it all on the line and see what happens. Rumor has it Fred Smith did this, and look where he is today.

Russ, NCNE >>



Not to big on gambeling..... other then in busisness.....

Can't wait to see the comments I get back on this one....

-Greg

Cherwood

<< <i>

<< <i>

<< <i>I was just asking for a few flips to prevent me from having to buy 10000 of them >>



so you are saying you would rather someone GIVE you something to start your business rather than spend the money yourself that you already have?

>>



No. I was asking for some flips no avoid me having to pay a high price for indivigu. packets of 100 flips.
because my supplier gives me a break at 10000 flips but I do not want to purchse such a high quantity until after the show in October because it would tie up a lot of money.....

and everyone has been saying don't tie up your money in pointless items.

Thanks,

-Greg >>



You know I'm no expert on these things, but it does seem like you are BEGGING people to GIVE you supplies.......which doesn't seem like a good way to start a business. Your whole attitude just kinda........well, it sucks.

GregTheGreat

<< <i>

<< <i>

<< <i>

<< <i>I was just asking for a few flips to prevent me from having to buy 10000 of them >>



so you are saying you would rather someone GIVE you something to start your business rather than spend the money yourself that you already have?

>>



No. I was asking for some flips no avoid me having to pay a high price for indivigu. packets of 100 flips.
because my supplier gives me a break at 10000 flips but I do not want to purchse such a high quantity until after the show in October because it would tie up a lot of money.....

and everyone has been saying don't tie up your money in pointless items.

Thanks,

-Greg >>



You know I'm no expert on these things, but it does seem like you are BEGGING people to GIVE you supplies.......which doesn't seem like a good way to start a business. Your whole attitude just kinda........well, it sucks. >>



I already have stated that I will buy the supplies.... no worries.... I don't NEED anything from you.

-Greg

roadrunner

Damn this is just flat funny!

Whoah, Russ we have agreed on 2 things in the past 3 weeks.

Not to big on gambeling..... other then in busisness.....

Sakes alive, I thought "busisness" was a typo! I won't even go the gambeling.

RR