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A Guide To Coin Dealers Who Are Just Starting Out by Andrew Stratton





A Guide To Coin Dealers Who Are Just Starting Out by
Article Posted: 02/07/2014
Article Views: 127
Articles Written: 5522
Word Count: 446
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A Guide To Coin Dealers Who Are Just Starting Out


 
Business
If you have a passion for currency, precious metals, or history, joining the growing population of coin dealers may be the perfect career choice for you. While you can't necessarily go to school to become a working professional, you can gain an advantage by getting a general education in a combination of fields. Many successful coin dealers have degrees in economics, history, and accounting. Many other successful professionals in this industry have no formal education at all - just a passion for the work and a wealth of experience.

If this career interests you, why not start taking it as seriously as a possibility? Whether you are a collector with an extensive collection, or you are just curious about the world of dealing currency, you still will have to gain a set of specific skills. From there, you can become a professional by selling your inventory on the internet, through a shop, or by mail order.

First, you should study up on your craft. For some people, this means gaining knowledge through a variety of programs at a university. Study the value of a variety of currencies, and learn everything that you can about the history of money. Stay up on the current events within this industry, and make sure you have a firm grasp on the socioeconomics involved in currency and minting. Whether or not you get formal training, you should gain hands-on experience early on. Getting a job or internship with working coin dealers will give you an advantage by showing you how the daily operations of the industry actually work. Go to trade shows and read books and blogs. Learn as much about the industry as you possibly can to ready yourself for your future career.

When it comes to getting started as a professional in this field, you should get your own inventory. You can buy a large amount of currency from a variety of dealers. Make sure the dealers you choose to do business with are reputable. Always double-check the legitimacy of each coin. You can then get started in a few different ways. You can open your own brick and mortar store, but make sure it would be successful in your particular area before you invest. You could also consider your shop to be headquarters in addition to an online business, or you could focus specifically on online or mail order business.

Get as much experience as you can before you get started on your own within this industry. Think about what special talents or services you could bring to this field that others may lack.

For New Orleans coin dealers, business is booming! Check out: http://www.scpm.com.

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