Last edited by Arashilmaran
Saturday, April 25, 2020 | History

3 edition of How to Be a Successful Coin Dealer found in the catalog.

How to Be a Successful Coin Dealer

Q. David Bowers

How to Be a Successful Coin Dealer

  • 222 Want to read
  • 11 Currently reading

Published by Bowers & Merena Galleries, Incorporated .
Written in English

  • Coins, Currency & Medals,
  • Antiques / Collectibles

  • The Physical Object
    Number of Pages184
    ID Numbers
    Open LibraryOL11546382M
    ISBN 100943161053
    ISBN 109780943161051

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How to Be a Successful Coin Dealer by Q. David Bowers Download PDF EPUB FB2

Out of 5 stars Must read for anyone interested in becoming a coin dealer. Reviewed in the United States on November 7, Verified Purchase. After more than 20 years, this book is still a perfect road map for anyone who is interested in becoming a coin dealer.

Bowers makes a "TextBook" interesting and fun to read.4/5(2). Place advertisements in coin magazines and online (in places like eBay and Craig's List) to gather inventory and clients.

Attend coin shows, join online coin blogs, and put yourself and your company out in front of the public. Consult the American Numismatic Association for upcoming events and information on coins and publications%(51).

After more than 20 years, this book is still a perfect road map for anyone who is interested in becoming a coin dealer. Bowers makes a "TextBook" interesting and fun to read. 2 people found this helpful4/5(2). Go to coin shows and look at as many coins as possible.

Talk to dealers at coin shows, but don't be rude or pushy and interrupt them when they are doing business with others. Join the ANA. Apply for a YN scholarship to the ANA Summer Seminar.

If you can afford, pay to attend, if you do not win a scholarship. Coin Descriptions And Grading—If you want to be a successful coin dealer, you need to learn how to grade coins accurately.

When you begin to sell coins, you need to sound like a knowledgeable coin dealer to your prospective buyers. This means you must be able to describe your coins using the appropriate terms.

To become a successful drug dealer, you must first become a successful drug purchaser. Purchase and use as many drugs as you can find.

Once your name becomes synonymous with drug use, people will begin approaching you and asking you to share the wealth. The first thing one needs to do is to decide which route to take: auction, dealer, or retail it yourself on e-Bay, at a coin show, or another selling platform.

If you have higher end and unique or rare items, auction is probably the way to go, but remember you will pay a substantial seller’s fee Author: Louis Golino. The only way to get real information about the coin market is from a dealer or collector who regularly attends shows and auctions.

This discounts most coin brokers/salesmen as they get diluted information from their superiors and then pass on these half-baked "truths" to the masses. The Blue Book is a coin price guide that informs you on the approximate amount of money you can expect to get if you sell your coins to a coin dealer.

Sincethe Blue Book has been the annual reference used by U.S. coin dealers to make buying offers. Likewise, coin collectors use it to find out what dealers will pay for their coins.

coin collecting book is an essential go-to for the knowledgeable collector. With coin books, you can discover a wealth of information behind your favorite issues. Here, you’ll find a wide variety of coin collecting books to help you get the most enjoyment out of your collection.

Choose the coin collecting books for your favorite series today. And please, no flame wars, guys and gals, contrary to a lot of opinions I have read here, most dealers cannot sustain 30% profit margins and stay in business. That is not reality. I buy coins from eBay, from estates and friends, various collector and dealer sources, networks, etc.

All these contacts and skills take much time and effort to develop. A dealer buys coins primarily for resale at a profit so he can use that money to buy more coins to resell, hopefully while drawing off some money for personal use. I would not say that having a brick and mortar location would be a requirement to be a dealer.

OK you've spent years possibly decades creating a collection. Or maybe you've just inherited a few coins from Grandma, Grandpa, or your Aunt Mildred.

Whatever the case may be you are interested in trading them in for for cash. Let me first tell you what not to do. Don't take them to a pawn shop, don't take them to a Cash 4 Gold store, and for heavens 't use them at face value to buy. Unfortunately, ensuring that you’re aware of the notional retail value of an item, and keeping that in mind when entertaining offers from dealers (and thus calculating the margin they want to work on), may not be an accurate way of doing your due.

CoinSupplyPlanet has a wide variety of top-rated coin collection books for both the avid coin collector and the most dedicated numismatist. From books on grading to the official Red Book, we have all the top coin collection information on the market. Whether it is coin collector reference books, coin price guides, or numismatic documentaries, our up-to-the-minute resource library allows you to.

For example, to become an authorized Professional Coin Grading Service dealer, you’ll need to demonstrate you’ve been a full-time dealer for three years, have capital worth at least $,00, and show three credit references and three references from other PCGS authorized dealers%(40).

#1 – Never walk into a shop to sell a coin if you’re uninformed. Instead, always try to research the coin a little bit online before you try to sell it. If you just walk in and ask a coin dealer how much they’ll give you for your coin, they could end up giving you $ for a coin that’s worth $ — and you wouldn’t know the difference.

Find 46 listings related to Coin Collectors Near in Steubenville on See reviews, photos, directions, phone numbers and more for Coin Collectors Near locations in Steubenville, OH. Id like to cash in several gold bullion u.s.

coins all ungraded, but in original US Mint packaging: gold buffalos, first spouses, eagles, some modern commemoratives. Id like to know what I should expect a reputable coin dealer to pay over the counter, if I were to pursue that option, i.e., is it.

Windows Software for Coin Collectors. Coin Organizer Deluxe:: the easy way to organize and manage your coin collection. Stamp Organizer Deluxe: software for stamp collectors, philatelists, hobbyists, dealers, and clubs.

Links to numismatic sites. Classical Numismatic Group, Inc: Ancient Greek, Roman, and British Coins. David R Sear: A site dedicated to ancient numismatics - Greek, Roman and. USA Coin Book - An easy and simple way to buy, sell, auction off and keep track of coins online. Look up coin prices and values to see how much your collection is worth.

Connect with dealers, other coin collectors and put coins up on your wishlist look up coin prices and values and ask for coins on your wishlist to make offers for. Even keep track of your coin collection in an online database.

Build your library. If you expect to do well in your new business, you need to become an expert on all aspects of coin collecting. The U.S. Coin Digest, The Official Redbook: U.S. Coin Digest A Guide Book of United States Coins and The Official American Numismatic Association Grading Standards of United States Coins are a few books you should have in your collection.

Bankers deal with money; bullion dealers deal with a form of gold coins or silver coins as well as other precious metals and gems. Bullion dealers must understand a coin's variety, business strategies and have good decision-making abilities.

If you establish yourself as honest and reputable, you have a chance to become a successful bullion dealer. Buy the Red Book, look through your change, buy good storage materials (I like the books, other people like the individual cardboard holders).

Read about coins online and in the books. There are internet coin dealers. Some are good – some are bad. I don’t do that because I want to hold a coin in my hand before I buy. Coin dealers typically have a flood of customers coming in with old cigar boxes or coffee cans full of coins.

Most dealers are scrupulous, and they will give even uninformed customers a fair price—of course, if the customer doesn’t understand the nature of bid/ask spreads (see #s 5 & 6), he may later think he’s gotten a raw deal, but that.

Featured in today's video, I discuss my personal achievements in the coin business and discuss some personal methods of buying and selling in an otherwise competitive field. Check with reputable antique shops and coin dealers where you live to find the value of old coins.

Some jewelry dealers also deal in coins if they are in the precious-metals business. It's a good idea to get price quotes from several coin dealers to be sure of the actual value.

Go to websites that specialize in old coins, such as PCGS and. Coin Shows & Dealing with Dealers. When you are comfortable treasure hunting for coins, attend a coin communities have coin clubs that host smaller shows in their area made up primarily of local dealers.

This is good for a beginning collector, as going to a large coin show can be overwhelming. Car Sales Tips and Tricks for the Good Life.

Sell your customer, not the desk. The sales manager has been in your shoes and has a pretty good idea when you are selling them on why they should take the deal. Stop selling the sales manager and sell the car.

The most utilized source of rare coin pricing information among dealers are the variety of Coin Dealer Newsletter publications including Greysheet, Bluesheet, Monthly Summary, and. Enroll in the Diploma program offered by the American Numismatic Association.

The six courses can be taken one-at-a-time or consecutively. Successful completion of all six courses, plus the final exam enables you to obtain a Numismatic Scholar Certificate.

Purchase a copy of The Official Red Book: A Guide Book for United States Coins. Use this. How To Buy, Sell, And Invest In Rare Coins When it comes to books on coin collecting for the beginning coin collector, there is no shortage of books to choose from.

In fact the book “Coin Collecting For Dummies” is easily the best one to start with. Should you decide that you want to become a coin dealer, the situation is quite different. An oft-quoted saying in numismatics is “Buy the book before the coin.” Taking the time to read and research coin books is often the first step in truly understanding and more fully appreciating the pieces that go into your coin collection.

Studying up on the coin or series before you buy reduces the chances of later disappointment in your. Coin Value Books. You might feel like you need to be a wizard to choose the correct coin value books for your needs, since there are so many to choose from.

Not to worry. Each coin book we carry is designed to meet a specific customer need, whether it’s a general information book about the history of coin collecting, an Official Red Book title, or a particular guide for determining the.

Dealers make their money on the “premium,” the amount charged over the spot price. For a US Mint Gold Eagle, you may pay a premium of $60 above the spot price of gold. But before you assume that a gold dealer makes $60 per coin, you must also consider that dealers do not buy these coins at the spot price either.

How to be successful in life. To some, when they think of success, they imagine wealth; others want power; some just want to make a positive impact on the world. All of these are perfectly valid, indeed success is a concept that means different things to different : Leon Ho.

CDNX is a dealer-only network where dealers can post bids, set market prices, and communicate in private. Join the community of + members including Heritage, CAC, Witter Coin, Legend, David Lawrence. Smartphone App (Free Download) Pre-Federal Issues. Colonial & Post-Colonial Coinage.

French Billon & Colonies. Liberty Cap Half Cents. Coin dealers buy or trade coins. You may want to ask an experienced collector to suggest reputable dealers. Dealers may run shops and/or be found via coin shows, print/mail order or online catalogs.

The rarest and most expensive coins are often available only through auctions. Tip: compare prices to avoid overpaying and verify a reasonable. On the other hand, the flea market dealer might only be able to pay $ for a $4, coin, but the large national dealer might be able to pay $3, for the $4, coin.

The flea market dealer probably doesn’t know anyone with more than a few hundred dollars to spend, but the national dealer might have a customer ready to cut the $4, Top 5 Best Places to Buy Gold Krugerrands 1. Top All-Around Coin Dealer. JM Bullion – JM Bullion is the top all-around coin dealer in the world, and if you are new to collecting coins or investing in precious metals, this is a great place to start.

Read trade magazines to check the wholesale value of coins. Keep in mind that collectible coins generally sell for a premium or markup over the wholesale price so the dealer can make a profit.

You can find up-to-date wholesale value listings in trade magazines, like the Coin Dealer Newsletter and Certified Coin Dealer Newsletter.Find the right gold dealer Take some time to research reputable gold dealers to find a good price on gold coins.

In general, avoid buying gold online through bidding sites as you can end up in a.A coin dealer runs into some unexpected pitfalls when he attempts to reenter the United States with coins purchased in Europe. You may have read of the occasional coin dealer who gets fined, or even briefly jailed, for bringing valuable coins into the United States without declaring them to U.S.