Can a Coin Collector Sell Coins at a Coin Show Venue---

Comments

• kranky Posts: 8,709 ✭✭✭

  July 6, 2006 5:24AM

  If you rent a table, you can do business at your table. The show organizers won't care if you have a retail sales license or anything else as long as you pay the table fee. That's all you need to do.

  New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

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• JJM Posts: 8,090 ✭✭✭✭✭

  July 6, 2006 5:27AM

  just rent a table, start with a few local shows would be my suggestion first so ya dont get gobbled up...If and when I decide to sell some or all of my collection, I think I will do several local or semi local shows to sell it off. i just think it wil be more fun and fuffiling then ebay or whatever

  👍BST's erickso1,cone10,MICHAELDIXON,TennesseeDave,p8nt,jmdm1194,RWW,robkool,Ahrensdad,Timbuk3,Downtown1974,bigjpst,mustanggt,Yorkshireman,idratherbgardening,SurfinxHI,derryb,masscrew,Walkerguy21D,MJ1927,sniocsu,Coll3tor,doubleeagle07,luciobar1980,PerryHall,SNMAM,mbcoin,liefgold,keyman64,maprince230,TorinoCobra71,RB1026,Weiss,LukeMarshall,Wingsrule,Silveryfire, pointfivezero,IKE1964,AL410, Tdec1000, AnkurJ,guitarwes,Type2,Bp777,jfoot113,JWP,mattniss,dantheman984,jclovescoins,Collectorcoins,Weather11am,Namvet69,kansasman,Bruce7789,ADG,Larrob37,Waverly, justindan

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• storm888 Posts: 11,701 ✭✭✭

  July 6, 2006 5:31AM

  If you say you are "a dealer," most shows
  assume you are "a dealer."
  
  Some want to see your "sales-tax-license"
  equivalent, some do not. Big shows want
  references; your local "coin-dealers" will
  do fine.
  
  Setting up at shows is VERY expensive and
  there is always a chance that you will not
  break even; or, you might do real well.
  
  A good rule of thumb: "I have to gross
  $600 a day to cover my expenses" at a
  big show.
  
  A BIG three-day show can easily set you back
  $2K. You do not start making money until that
  money is recovered; you are just "giving away
  your coins" until you hit that number.
  
  There are set-up costs, security costs, booth
  rents, booth electricity, case rentals, fixture
  rentals, transportation and moving X2, etc.
  
  Smaller "collectible shows" are cheaper and
  sometimes good. Traffic is the key; if folks do
  not come to the event, you lose. Big shows
  deliver lots of traffic, and lots of competition.
  
  eBay is probably a better way for most folks.
  
  storm

  Folks Who Bite Get Bitten. Folks Who Don't Bite Get Eaten.

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• relayer Posts: 10,570 ✭

  July 6, 2006 5:54AM

  
  
  << <i>You do not start making money until that
  money is recovered; you are just "giving away
  your coins" until you hit that number.
  >>
  
  That's just like eBay

  
  My posts viewed times
  since 8/1/6

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• Conder101 Posts: 10,536 ✭

  July 6, 2006 6:01AM

  
  
  << <i>There are set-up costs, security costs, booth
  rents, booth electricity, case rentals, fixture
  rentals, transportation and moving X2, etc. >>
  
  
  Don't forget hotel rooms for two or three days, and meals.

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• greghansen Posts: 4,301 ✭✭✭

  July 6, 2006 6:10AM

  If and when I decide to sell some or all of my collection, I think I will do several local or semi local shows to sell it off.
  
  Definately a better idea than jumping smack dab in the middle of one of the biggest shows in America. An even better idea would be to offer to be an 'extra pair of eyes' and work behind the table of your local dealer for a few of the smaller local shows before getting your own, so you can get the feel for how things work from the dealer side. He gets the benefit of a little extra security keeping an eye on things and so he can take a bathroom break, etc. and you get to look, listen and learn about what its like on the other side of the table without risking your own capital.

  Greg Hansen, Melbourne, FL Click here for any current EBAY auctions Multiple "Circle of Trust" transactions over 14 years on forum

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• JJM Posts: 8,090 ✭✭✭✭✭

  July 8, 2006 4:47AM

  good advice Greg

  👍BST's erickso1,cone10,MICHAELDIXON,TennesseeDave,p8nt,jmdm1194,RWW,robkool,Ahrensdad,Timbuk3,Downtown1974,bigjpst,mustanggt,Yorkshireman,idratherbgardening,SurfinxHI,derryb,masscrew,Walkerguy21D,MJ1927,sniocsu,Coll3tor,doubleeagle07,luciobar1980,PerryHall,SNMAM,mbcoin,liefgold,keyman64,maprince230,TorinoCobra71,RB1026,Weiss,LukeMarshall,Wingsrule,Silveryfire, pointfivezero,IKE1964,AL410, Tdec1000, AnkurJ,guitarwes,Type2,Bp777,jfoot113,JWP,mattniss,dantheman984,jclovescoins,Collectorcoins,Weather11am,Namvet69,kansasman,Bruce7789,ADG,Larrob37,Waverly, justindan

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• Barry Posts: 10,100 ✭✭✭

  July 8, 2006 6:10AM

  
  
  << <i>[Don't forget hotel rooms for two or three days, and meals. >>
  
  
  And don't forget Windex to clean your meals off your case

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