A 1943 Lincoln steel penny is a scarce coin with a Very interesting version.
Learning emerge as a dispatch categorization coin dealer is a anticipated action for many collectors who passion researching and collecting coins. Bright coins and the coin bazaar are chief steps to operating and expanding a auspicious coin dealing calling. The call for for coins is spread out, and the advent of the Internet has imaginary it easier to both invest in and sell inventory.
Instructions
Beginning
1. Become versed grade coins and the numismatic cant involved. Peruse coin guides, attend coin shows and gossip to coin experts.
2. Obtain as many coins as you can afford without spending all of your start-up coinage.
3. Probation with sovereign state and district agencies to impel what the licensing requirements are for your sphere. Fees are normally required to register a event, chiefly provided you choose to custom a ficticious or doing episode as (DBA) alias.
4. Govern a seperate current account when you foundation your calling. Whether you use a DBA, you will need to open a business current account. If you are selling under your own name part time, a separate personal account is adequate in the beginning.
5. Photograph your coins in good light.
6. Write up a description of each coin offered for sale.
Direct Mail
7. Set up a seller's account in your business name and be sure to accept PayPal or some other reputable online payment processor.11. Describe coins accurately and price them fairly.
Buy a list of known coin buyers from a reputable mail-order label company and mail offers to them. If you can afford to print and send enough to qualify for bulk-mailing rates via the U.S.P.S., the postage rate is considerable less.
9. Wait for orders to come in and package and ship them in a timely manner.
Online
10. Post pictures of coins on online auction sites. Search for a reliable low cost printing company that will print flyers, brochures or catalogs to present your stock to mail-order buyers. If you have a background in graphic design. make up your own mailers.8.
12. Reply to questions in a timely manner.
13. Mail coins as soon as the winning bidder has completed payment.
14. Consider setting up your own website when profits allow.
Shipping
15. Wrap coins in bubble wrap or newspaper and place them in a padded mailing envelope.
16. Write the buyer's name and address in clear, block letters with a permanent marker in the proper position on the envelope. Include your name and return address in the upper left-hand corner.
17.Ask for insurance and delivery confirmation if the coins you are mailing are worth more than a few dollars or if the buyer has requested it.
