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Has anyone on these boards ever....

Coin FinderCoin Finder Posts: 7,494 ✭✭✭✭✭
in U.S. Coin Forum
Bought or sold a coin shop?

If so how did you arrive at a value?

Comments

  • NHSBaseballNHSBaseball Posts: 2,470 ✭
    I would be curious about whether when a shop is bought or sold if the current coin inventory is usually part of the deal.
    "College men from LSU- went in dumb, come out dumb too..."
    -Randy Newmanimage
  • ajaanajaan Posts: 17,672 ✭✭✭✭✭
    There is currently a coin shop for sale in Lockport, NY. I heard the figure of $250,000 but don't know if that include the inventory.

    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • PerryHallPerryHall Posts: 47,021 ✭✭✭✭✭


    << <i>Bought or sold a coin shop?

    If so how did you arrive at a value? >>



    Check the gray sheet.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • GrumpyEdGrumpyEd Posts: 4,749 ✭✭✭
    Put it on ebay like ACGS. image
    (I'm kidding)


    ACGS on ebay
    Ed
  • droopyddroopyd Posts: 5,381 ✭✭✭


    << <i>There is currently a coin shop for sale in Lockport, NY. I heard the figure of $250,000 but don't know if that include the inventory. >>



    What would be the value of such a business without its inventory?
    Me at the Springfield coin show:
    image
    60 years into this hobby and I'm still working on my Lincoln set!
  • DoUPlayOnePocketDoUPlayOnePocket Posts: 330
    Furnishings, fixtures and the real estate if it is owned. There may even be an intangible to consider, Goodwill, if the owner has an established clientele that "goes with the territory". If the inventory were to be included in the sale, you would want to be sure that a very detailed accounting is provided.

    Chris

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