How much do full time dealers earn a year?

TopographicOceans

Please don't post any personal information about your finances if you are a dealer, just vote in the poll so it is anonymous.

I'm just curious as to what the income of the average full time coin dealer is.

If I was one, it would be a question of how much money I would lose a year

A recent poll showed

What do you THINK or KNOW what a full time coin dealer earns per year?

Total Votes: 176


Under $20,000
7 (votes) 3.98 (%)
$20000 - $29999
2 (votes) 1.14 (%)
$30000 - $39999
1 (votes) .57 (%)
$40000 - $49999
2 (votes) 1.14 (%)
$50000 - $59999
2 (votes) 1.14 (%)
$60000 - $69999
3 (votes) 1.70 (%)
$70000 - $79999
5 (votes) 2.84 (%)
$80000 - $89999
3 (votes) 1.70 (%)
$90000 - $99999
2 (votes) 1.14 (%)
$100000 - $109999
1 (votes) .57 (%)
$110000 $119999
2 (votes) 1.14 (%)
$120000 - $134999
1 (votes) .57 (%)
$135000 - $149999
0 (votes) 0.00 (%)
$150000 - $199999
3 (votes) 1.70 (%)
$200000 +
13 (votes) 7.39 (%)
I am a curious collector. Show me the results
129 (votes) 73.30 (%)

Steve

Why wouldn't you want full time dealers to show in the poll what they make? That would make more sense than having non dealers GUESS what full time dealers make.

TopographicOceans

<< <i>Why wouldn't you want full time dealers to show in the poll what they make? That would make more sense than having non dealers GUESS what full time dealers make. >>



To get good information only dealers should vote, so I’ll change it.

I just wanted it to be anonymous so no one would post how much they make. First, it’s nobody’s business, but income in any occupation varies greatly. And a lot has to do with location because it costs a lot more to live in San Francisco or New York then it does in the Midwest.

So dealers vote in the poll, but don’t post your income in a message.

oih82w8

While I am not a dealer, I would think that it depends on what comes in and goes out the doors and at what duration the items sit in the display case. I have been wrong before.

Smittys

Enough to keep going, not enough to quit.

Zoins

Of the current 75 submissions, there are 20 income votes excluding the non-votes. One range has 8 votes while the rest have 2 or less.

At the present, the winner is $200,000+. Looks like a good field and high enough to be in the top 5% of income earners.

Total Votes: 20 with votes

Under $20,000 1 (votes) 5.00 (%)
$20000 - $29999 1 (votes) 5.00 (%)
$30000 - $39999 0 (votes) 0.00 (%)
$40000 - $49999 2 (votes) 10.00 (%)
$50000 - $59999 0 (votes) 0.00 (%)
$60000 - $69999 2 (votes) 10.00 (%)
$70000 - $79999 1 (votes) 5.00 (%)
$80000 - $89999 2 (votes) 10.00 (%)
$90000 - $99999 1 (votes) 5.00 (%)
$100000 - $109999 0 (votes) 0.00 (%)
$110000 $119999 1 (votes) 5.00 (%)
$120000 - $134999 0 (votes) 0.00 (%)
$135000 - $149999 0 (votes) 0.00 (%)
$150000 - $199999 1 (votes) 5.00 (%)
$200000 + 8 (votes) 40.00 (%)

TwoSides2aCoin

Dealers only

Wabbit2313

Under 20K has 3 votes. People are going to goof on a poll that should be goofed on I guess!

Jinx86

As a dealer who answered the poll honestly, I am a bit let down by the voting thus far.

Also where do I get one of these $200K+ jobs, since that seems to be the norm? Id be willing to move.

hammer1

<< <i>From their appearance, their clothes and the stains on their shirts to the cars they drive......me thinks they are hurting and/or don't take their business seriously...more of a loose enterprise or pseudo hobby of some sorts. Come on some have an office, some have a basement, they carry their wares in boxes/cases from show to show. Some have internet sites most don't and the ones with internet sites some have photos and some don't and of the ones with photos most have lousy photos. Dealers remind me of the traveling salesmen of the years gone by. And I won't even go to their reporting their transactions properly to the IRS LOL. >>


Yep, wanta buy a Kirby vacuum.

joebb21

There are some dealers who are tire kickers who just do it to occupy time and make $5-$20,000 a year.

Some of the largest and brightest dealers net well over $1,000,000 per year.

it really depends on the type of material you handle, your volume, your grading abilities, and timing in the market.

So many factors that a poll like this cannot tell a full story.

keyman64

For the under $20K respondents, they are either not FULL TIME or they are doing it wrong.

halfhunter

<< <i>For the under $20K respondents, they are either not FULL TIME or they are doing it wrong. >>



I'm guessing that many under $20K dealers are drawing retirement or disability checks from employers and/or SS.
Also some might make this much from e-Bay sales.

HH

Coin Finder

Earnings not sales. Earnings Before Interest After Taxes - EBIAT

TopographicOceans

I found this that says the median in $41,450.
But it puts coin dealers into "Job Description for First-Line Supervisors of Retail Sales Workers" catagory.

If 8.26% of the poll makes $200k+ maybe coin dealers have a credibility issue along the lines of used car salesmen

golden

<< <i>There are some dealers who are tire kickers who just do it to occupy time and make $5-$20,000 a year.

Some of the largest and brightest dealers net well over $1,000,000 per year.

it really depends on the type of material you handle, your volume, your grading abilities, and timing in the market.

So many factors that a poll like this cannot tell a full story. >>

Coinosaurus

I have zero faith in these poll results.

Can we all just agree that there is no free lunch

bestday

<< <i>As a dealer who answered the poll honestly, I am a bit let down by the voting thus far.

Also where do I get one of these $200K+ jobs, since that seems to be the norm? Id be willing to move. >>




Any of those $200,000 dealer incomes are large for National dealers , those that cater to wealthy people and those that grind it at shows, b&ms and ebay

Look at some of the dealer web sites ,, some dealers have a couple of million dollars of coins listed on their site alone

As Gold , metals decline , economic slowdown persisted, some has dealer fortunes followed ,especially at the B&M stores

bestday

<< <i>I have zero faith in these poll results.

Can we all just agree that there is no free lunch >>

Coins101

May depend on what you are dealing. LOL

PTVETTER

Why should I tell anyone what I make.

Not trying to be rude, but non of anybody's business what I make?

amwldcoin

You do realize your invasive polls do create an atmosphere for people to F uck with you don't you?

Justacommeman

<< <i>You do realize your invasive polls do create an atmosphere for people to F uck with you don't you? >>



I think the answer would be yes.

I can also see why a lot of dealers wouldn't want to deal with Realone. I have him blocked as a poster and I certainly wouldn't sell to him as a dealer. Pass

mark

Justacommeman

<< <i>Why should I tell anyone what I make.

Not trying to be rude, but non of anybody's business what I make? >>



Of course you are right.

mark

pennyannie

I am not buying it. Not that many are paying themselves 200k a year.

I hear how many make just a few percent, so they are going to have to sell 10 million in coins a year to pay themselves 200k after expenses. lol The local B@M made out well during the bullion run. I know of more than a few that made the rounds of the big show are now selling life insurance living in a van down by the river.

Like everything the smarter and harder you work the rewards usually follow.

TwoSides2aCoin

Credibility issues…