• Becoming a Coin Dealer

    January 16, 2011

    Posted in: General

    Starting a coin dealership business does not have to be complicated if you follow a number of simple steps. If you have already been collecting coins as a hobby, the contacts and experience you have collected can aid you greatly on your path to becoming a dealer.

    First, launch your business in a professional manner. Choose a company name, and invest in business cards and a website. Make sure you library is well stocked, and that it includes books such as The Official Redbook: A Guide Book of United States Coins as well as The Official American Numismatic Association Grading Standards of United States Coins and the latest edition of U.S. Coin Digest. Magazine subscriptions are also a great way to keep your finger on the pulse of the coin market.

    Make sure you are well educated in the value of coins and different demands. Learn how to grade coins properly, and build your collection as you do so. Make sure to buy coins that you know will sell. Promote your new business in coin magazines and online, and offer honest, personal service. Good luck!

  • Comments are closed.