Thinking about turning "Pro"

Goldseeker · January 24, 2015, 07:02:25 PM

Regardless of what you decide, I wish you luck.

trout · January 24, 2015, 07:21:01 PM

Quote from: 'Goldseeker' pid='65851' dateline='1422088345'Regardless of what you decide, I wish you luck.

Thanks Bruce :heart:

runway · January 24, 2015, 11:42:16 PM

Trout what's your greedBay username?

trout · January 25, 2015, 05:49:23 AM

"Pommystockman"

wwwww · January 27, 2015, 12:46:33 PM

There's money to be made in buying coins raw, slabbing them and selling them but keep in mind that this is because there is only a small selection of collectors/dealers able to do this well. As we've seen with the American market, the number of the skilled graders will only increase in time which will bring down the premiums that can be made on slabbed coins, in addition the supply of gradable coins will only go down. As a result, this opportunity may only be short lived (although it would probably exist in other markets in the future).

stevo1962 · January 27, 2015, 02:07:53 PM

Quote from: 'wwwww' pid='66060' dateline='1422324993'There's money to be made in buying coins raw, slabbing them and selling them but keep in mind that this is because there is only a small selection of collectors/dealers able to do this well. As we've seen with the American market, the number of the skilled graders will only increase in time which will bring down the premiums that can be made on slabbed coins, in addition the supply of gradable coins will only go down. As a result, this opportunity may only be short lived (although it would probably exist in other markets in the future).

Well it's best that I snap up as many raw coins as I can while
I have the finances to do it

trout · January 27, 2015, 02:38:15 PM

I have to agree with you Walter , the Good coins are starting to get "Tough" to find.
Stevo has the right idea with sourcing from places other than Aus :good:

keldaw · January 27, 2015, 07:01:28 PM

Jim , when you start looking for raw coins to send over for slabbing and getting them back , really , what sort of coins are you talking about ??
you are saying good coins are hard to find now ,
what sort of coins are you talking about ??
example = pre dec or dec,s , proof , uncirculated coins , sets ,
or what are you looking for . maybe we on this forum can help you out , now that you have started your new venture ..

,, kel ,,

trout · January 27, 2015, 07:44:45 PM

Quote from: 'keldaw' pid='66080' dateline='1422347488'Jim , when you start looking for raw coins to send over for slabbing and getting them back , really , what sort of coins are you talking about ??
you are saying good coins are hard to find now ,
what sort of coins are you talking about ??
example = pre dec or dec,s , proof , uncirculated coins , sets ,
or what are you looking for . maybe we on this forum can help you out , now that you have started your new venture ..

,, kel ,,

I like to play my cards pretty close to my chest Old mate so that sort of information won't be forthcoming, but thanks for the offer and your concern.
Kel :good:
I do have a rather large Cache of stuff to keep me busy for at least 6-12 Months so I won't be panicking just yet and continue to buy conservatively and hopefully Wisely .

Bigfellani5 · January 27, 2015, 09:30:22 PM

I started out 15 years ago selling off parts of my collection. It turned from a hobby, to a hobby business and then 10 years ago a full time profession that I still love except for the paperwork. It is a lot harder now than it was 10 years ago. The industry has changed. My advice is take the emotion out of buying and selling. This means telling people how it is and buying and selling accordingly. This way you will be greatful for the good deals and treat the deals that don't go through as just a deal not done. If you can walk away from a deal and both you and your customer are still happy then you will both come back and do business again. Being honest, being fair and showing respect to your customers is the way you will succeed. I spend a good part of my day giving advice to all that walk into my shop. Teaching people about this hobby gives me great satisfaction.

It will be tough but I hope you succeed and you find it as rewarding as I do.

trout · January 27, 2015, 10:35:27 PM

Quote from: 'Bigfellani5' pid='66096' dateline='1422356422'I started out 15 years ago selling off parts of my collection. It turned from a hobby, to a hobby business and then 10 years ago a full time profession that I still love except for the paperwork. It is a lot harder now than it was 10 years ago. The industry has changed. My advice is take the emotion out of buying and selling. This means telling people how it is and buying and selling accordingly. This way you will be greatful for the good deals and treat the deals that don't go through as just a deal not done. If you can walk away from a deal and both you and your customer are still happy then you will both come back and do business again. Being honest, being fair and showing respect to your customers is the way you will succeed. I spend a good part of my day giving advice to all that walk into my shop. Teaching people about this hobby gives me great satisfaction.

It will be tough but I hope you succeed and you find it as rewarding as I do.

Thanks for the good advice Shane , Much appreciated :good:
I have always been honest and truthful in my professional and business life because it is so easy to do and satisfying at the end of the day Because everyone walks away a "Winner".
I can and will "Walk" from a deal I am not 100% happy with, But that doesn't mean I will be out there ripping people off that have NO idea what they have, I cannot operate that way.
If someone comes up to me offering something that I know is "exceptional" I will let them know what they have/ what it is worth and either buy it so that I/they know I can make 10-20% on it and make the offer accordingly or simply sell on their behalf on a lesser percentage basis.
I have had many dealings with what I call trusted dealers because they are honest and truthful and I have enjoyed every day of it, That is why they are still in business .
I am as green as grass doing this and NO doubt I will "Stuff Up" at some stage, But as long as I think as a collector and provide a service accordingly I may just struggle through this and have some success

keldaw · January 28, 2015, 08:34:55 AM

Quote from: 'trout' pid='66085' dateline='1422350085'
Quote from: 'keldaw' pid='66080' dateline='1422347488'Jim , when you start looking for raw coins to send over for slabbing and getting them back , really , what sort of coins are you talking about ??
you are saying good coins are hard to find now ,
what sort of coins are you talking about ??
example = pre dec or dec,s , proof , uncirculated coins , sets ,
or what are you looking for . maybe we on this forum can help you out , now that you have started your new venture ..

,, kel ,,

I like to play my cards pretty close to my chest Old mate so that sort of information won't be forthcoming, but thanks for the offer and your concern.
Kel :good:
I do have a rather large Cache of stuff to keep me busy for at least 6-12 Months so I won't be panicking just yet and continue to buy conservatively and hopefully Wisely .

sorry Jim , my public apologies' to you I just thought I may be able to help you out with something I may have that you could use ,or in some other ways , because you have been so much help to me and others members on this forum , but now again I have said the wrong thing so better I keep my mouth shut and my nose out of other peoples business , good luck in your new venture .
I think we all support you in your new business .. ,, kel ,,

trout · January 28, 2015, 08:42:32 AM

Quotebut now again I have said the wrong thing so better I keep my mouth shut and my nose out of other peoples business

NO way have you said or done the wrong thing Mate and I truly do appreciate your offer of assistance :heart:
This is why members like you are SO important, Because you DO truly care about other people and take the time to try and help out.
You are a truly Nice Bloke and I feel very privileged to be able to call you a Mate.