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I think it's official - I'm a coin dealer now

seanqseanq Posts: 8,652 ✭✭✭✭✭
I just bought this coin with the sole intention of submitting it to PCGS and reselling it.

Auction Link

The seller added the pics of the whole coin after I wrote and requested them last evening. It sure looks like a shot 65RD from those pics, but even if it's a 64 I can make my money back.

So now that I've come this far, what's the next evolutionary milestone I can expect? Setting up a table at a local show? Opening a web-based storefront? Taking coins on consignment? Begging for flips? image


Sean Reynolds
Incomplete planchets wanted, especially Lincoln Cents & type coins.

"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor

Comments

  • Sean,

    That's a Great coin! One i've always wanted to own but never been able to find in a grade i liked and could afford image


    image



  • PrethenPrethen Posts: 3,452 ✭✭✭
    Congrats! You're going to probably get a bit of flack like I did when I noted that I'm making a move to become a part-time dealer. I've spent at least a few thousand dollars in recent purchases of coins specifically for resale. This is a mere pittance for full-time dealers but we have to start somewhere. I have two shows I'll have a table at: Cheyenne and Aurora in the next few weeks. And, I'll be keeping very accurate records in order to prepare for proper tax filing.

    I suggest set up a table at a local coin show. The table fees should be reasonable and it's a great experience. Personally, I'm kind of exhilirated by the coin show scene, especially when being on the dealer's side of the table. I'm already looking forward to these next two coin shows.

    Bruce
  • YOU SUCK!!! image and I'm jealous...image

    Congrats!!! image

    PS...I have an extra stapler if ya need it, no staples tho! image
    3 Jonesy Dammit Girls...CLW POTD!!! 10/9/05 image
  • RussRuss Posts: 48,514 ✭✭✭
    You are a good Ferengi.

    Russ, NCNE
  • saintgurusaintguru Posts: 7,724 ✭✭✭
    wannabe...image
    image
  • stmanstman Posts: 11,352 ✭✭✭✭✭
    Well since you've been gracious enough to answer a few questions I've presented to you
    please allow me to offer some help to you.image

    You already have an email address so you're half-way to becoming a dealer and didn't know it.
    Just open a ebay store and POOF, you're a dealer.
    Now, you will need to put a link in your signature line on the boards here.
    But you still need to act like a collector and start threads showing your new purchases.

    Basically you do a preview, then wait a couple days and post these coins on the BST, or ebay.

    Then you will need to reply to any post, not to up your post count like many think you are
    but to have folks click on your links.

    Most important make sure you stir up a bit of trouble on the BST or even on this board.
    It doesn't matter what kind of trouble, you are doing this for attention, and remember what they say...
    "The only bad publicity is no publicity."

    Consignments? That's easy. Just tweak the heck out of your pictures making the coins look hideous.

    Doesn't matter because you just have your friends (add people that consign coins to you) come on here and swear the coins look
    just like the images. You might get a lot of returns from collectors that know what they are doing,
    but you can work out a deal to avoid a negative. Just act like a nice guy and tell them you won't charge the re-stocking fee.

    Sorry for my short reply but hopefully this helps just a bit to get you started.
    Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
  • PrethenPrethen Posts: 3,452 ✭✭✭
    image

    I can't figure out how to read that last reply....extremely fecetious and sarcastic or ???? Is there some bad blood here?
  • magikbillymagikbilly Posts: 6,780


    << <i>image

    I can't figure out how to read that last reply....extremely fecetious and sarcastic or ???? Is there some bad blood here? >>



    I have no idea, but thought it was pretty funny.

    Billy
  • sonofagunksonofagunk Posts: 1,349 ✭✭
    Keep us posted on the results.
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>extremely fecetious and sarcastic or ???? >>



    You think? image

    Russ, NCNE
  • ERER Posts: 7,345
    More wannabe.image
  • seanqseanq Posts: 8,652 ✭✭✭✭✭


    << <i>Well since you've been gracious enough to answer a few questions I've presented to you
    please allow me to offer some help to you.image >>



    It's okay, the joke is on stman. Wait until he sees how many familiar-looking error large cents I have in my new eBay store image


    Sean Reynolds
    Incomplete planchets wanted, especially Lincoln Cents & type coins.

    "Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
  • BochimanBochiman Posts: 25,379 ✭✭✭✭✭
    I was gonna say the next step would be taking Laura (Legend) or Tom (Mr "better than all of you" Earlygold) out on a date to learn the intricacies of subtlety and customer love, but, dammit, I like Stman's reply image

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • etexmikeetexmike Posts: 6,811 ✭✭✭
    I like the coin. I think you made a wise buy.

    Best of luck with the dealings.

    -----------

    etexmike
  • You're almost there.

    Now you need to submit and crack it out at least 4 times to make sure the grading services get well paid, then you can find some fish to pay you 110 for it and you can pretend you made a profit.
  • stmanstman Posts: 11,352 ✭✭✭✭✭


    << <i>It's okay, the joke is on stman. Wait until he sees how many familiar-looking error large cents I have in my new eBay store >>



    Hey great, although I'm really only interested in 1795. Look forward to the link in your sig line,
    and of course a post about your new finds in this forum.image

    On a side note... I was serious about the help you have taken the time to give me on error coins.image
    Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
  • Have you posted your first "got free flips?" thread yet? Then we will know you have made it big time!

    Cameron Kiefer
  • TWQGTWQG Posts: 3,145 ✭✭


    << <i>....extremely fecetious and sarcastic or ???? >>


    Is this toilet humorimage
  • PutTogetherPutTogether Posts: 2,141 ✭✭✭


    << <i>Have you posted your first "got free flips?" thread yet? Then we will know you have made it big time!

    Cameron Kiefer >>



    Don't forgot to constantly say "PCGS or NGC wouldnt grade that, so it doesnt have a grade" when people politely ask grading advice
  • DD Posts: 1,997 ✭✭✭
    Facetious, silly image.

    -Daniel
    "It is the mark of an educated mind to be able to entertain a thought without accepting it."

    -Aristotle

    Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.

    -Horace
  • airplanenutairplanenut Posts: 22,149 ✭✭✭✭✭
    Stman,

    I like your thinking
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • airplanenutairplanenut Posts: 22,149 ✭✭✭✭✭
    a lot image
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • MyqqyMyqqy Posts: 9,777
    Facetious, silly

    Thanks for re-spelling that word for us! image
    My style is impetuous, my defense is impregnable !

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