Home› U.S. Coin Forum
Options

Newbie interested in getting inventory for ebay auctions

cary1952cary1952 Posts: 312
in U.S. Coin Forum
What is the best way to purchase inventory for sale? I live in a population of around 150,000. Would a small BUYING COINS ad in the wantads draw out much activity? Or am I wasting my time and money? There is one coin store in the mall and I don't know how well he does.

This is a general question about how to start a coin business.......hence my asking it on this board. I also put a more specific post on B/S/T.
Member ANA

Comments

  • Options
    coinguy89coinguy89 Posts: 2,151
    I would say this doesn't belong here but on the b/s/t forum.
    Scott Hopkins
    -YN Currently Collecting & Researching Colonial World Coins, Especially Spanish Coins, With a Great Interest in WWII Militaria.

    My Ebay!
  • Options
    LouisLouis Posts: 3,687
    Be very careful of putting an ad in the paper, there are lots of nuts out there.
    image

    image
  • Options
    RussRuss Posts: 48,514 ✭✭✭


    << <i>Would a small BUYING COINS ad in the wantads draw out much activity? >>



    You'll get lots of calls about "silver" pennies and rare Peace Dollar errors where the U in TRUST looks like a V.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • Options
    coinguy89coinguy89 Posts: 2,151


    << <i>

    << <i>Would a small BUYING COINS ad in the wantads draw out much activity? >>



    You'll get lots of calls about "silver" pennies and rare Peace Dollar errors where the U in TRUST looks like a V.

    Russ, NCNE >>



    One of my friends tried selling me the "V" Peace Dollar, not knowing im into coins.image
    Scott Hopkins
    -YN Currently Collecting & Researching Colonial World Coins, Especially Spanish Coins, With a Great Interest in WWII Militaria.

    My Ebay!
  • Options
    LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    But still think this belongs on the BST Board. Thought this place was just for dicussig coins from the US. Being kind of new to the house have to learn the rules. But we all probably did the same thing at one time or the other.
    BTW welcome aboard and good luck.
    image
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • Options
    GonfunkoGonfunko Posts: 1,485 ✭✭✭
    Agreed, probably better on the BST. One other bit of advice - don't ask for free flips. You will learn why eventually. image
    BTW, image
  • Options
    JadeRareCoinJadeRareCoin Posts: 2,768 ✭

    cary1952, a small buying ad can be a good source of finding coins. However, you may have to run the ad for many weeks or months before you get a big enough deal to pay for the cost of the ads. It's a calculated risk.

    Another option that you should consider is to just start buying at coin shows or from your local dealers. Cherrypick them, if possible, and then sell the coins on eBay. I know others who buy good deals on eBay and then sell those coins on eBay. Of course you have to be a coin shark to pull that off. Just ask Russ or Marty.

    Welcome to the forum.
    www.jaderarecoin.com - Updated 6/8/06. Many new coins added!

    Our eBay auctions - TRUE auctions: start at $0.01, no reserve, 30 day unconditional return privilege & free shipping!
  • Options
    MadMartyMadMarty Posts: 16,697 ✭✭✭
    image
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • Options
    RussRuss Posts: 48,514 ✭✭✭


    << <i>Of course you have to be a coin shark to pull that off. Just ask Russ or Marty. >>



    Marty's the shark. I'm just a guppy.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Format
SpoilerCodeQuote
Heading 2Heading 1
Emoji
:):D:(;):/:o:s:p:'(:|B):#:*<3o:)>:)
Url
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file
Home • U.S. Coin ForumComment As ...