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Replies: 20 / Views: 3,855 |
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Valued Member
 United States
277 Posts |
But it needs to be worth it. There are costs to setting up at shows (ie table rentals). The show I frequent the most I know tables to be $75 each. So that means I start at $75 in the whole. If I sell everything at double what it costs me that means I need to make $150 in sales to break even. I'd need to do $1000 to make the day worth my time. I have a 1 year old son that I would be giving up time with to do this. He is my world, if I can make enough money to fund my hobby and benefit him then it's great and I'd do it. If I can't make enough to be worth the time then I'd rather spend the day with him.
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Pillar of the Community
United States
1915 Posts |
Here is another perspective. You say you want to grow your own collection, right. Well you will find you can buy coins a whole lot cheaper sitting on the other side of the table as a show dealer than as a customer. People are trying to sell to dealers at every single show. Sure you may spend $75 to set up(I wish it was that cheap in Houston), but think of the coins you could be purchasing at wholesale. The gravy would come from any sales you made of your own stuff. Heck, you might buy something on Saturday, and sell it for a profit on Sunday. Being a show dealer is competitive, but at the same time can be a blast. You will get to know other local dealers better, and that can also help in your own collecting endeavors.
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Pillar of the Community
United States
2335 Posts |
Although I have a locked display case in a local antique mall I don't do shows. My case costs $55/month & the front desk people handle unlocking the case for customers & deal with collecting & paying sales tax. The best part is in my area I don't have to have any sort of license. Most of what I sell is either sterling jewelry that is too nice to send to the refiner or coins.
Most of my income is from buying mispriced items & reselling them so I have to go through the mall once a week to look for things anyway....it's no hassle to take a few items to restock my case while I'm there.
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Pillar of the Community
United States
1915 Posts |
I did the same thing for five years. Only I sold antique furniture, glassware, and dinnerware. I had a booth. Cost was a bit more than $55 a month. Mine started out $300 a month. I expanded twice. Before the bottom fell out of the antique biz, I was paying close to $900 a month in rent for my spaces.
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Pillar of the Community
United States
2335 Posts |
I considered a booth. Rent around here is comparable to the prices you mention. I decided against it because I don't have any interest in moving heavy/bulky items around. I mainly got my display case so I could put up a sign saying "I Buy". That hasn't done much for me but talking with other people that have booth's I've found that I clear as much from my cheapo case as they do with their booth.
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Rest in Peace
United States
9104 Posts |
If you like the idea of supplies, consider specializing in books. In addition to weekends, you can run an Amazon store with very little effort.
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Pillar of the Community
United States
809 Posts |
Hey Wolverine! I like your idea of selling supplies..but I'm worried that after the cost of the table and your lunch...you wouldnt make very much.But it does sound like fun even if you just try it a few times! Good luck. 
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Valued Member
 United States
277 Posts |
I never see ANY dealers selling supplies at my local shows, that's why I'm considering the supplies
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Pillar of the Community
United States
1915 Posts |
How good is the profit margin on supplies? I know back in the day when I did baseball card shows, supplies did not have a good markup. I still carried some so I could satisfy my customers, but the profit was in the individual cards.
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Pillar of the Community
United States
1064 Posts |
wolverine, where do you currently go for shows? I'm guessing the Westford show, maybe Nashua? You go south, towards RI?
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Valued Member
 United States
277 Posts |
Jack, I live on the mass/ri line. If you've ever been to the wrentham outlets you've driven by my house. I usually go to the dedham show, which I believe is tomorrow
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Valued Member
 United States
277 Posts |
The profit margin on supplies would be 2.5 to 10x
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Pillar of the Community
United States
1031 Posts |
Hi wolverine/Dave -- I have tried to contact you 3 times via e-mail (5/13, 5/17 & 5/23) and on CCF e-mail today with no response. I'm hoping it is only a problem with your Sprint phone since you have previously returned e-mails promptly. I have not received the supplies I paid for on 4/1 that you said you mailed out on 5/1. Can you please contact me or post here so we can figure this out? Sorry to post this on here but I have tried the only avenues I know to get in contact with you. I'm hoping you have a subscription to this thread or you'll see it on here since your last visit on CCF was 5/23. Have a good day.
docsfishn
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Pillar of the Community
United States
2049 Posts |
Be sure to check your local regulations and laws. Here in the Madison, Wisconsin area they just upped the license fee from $75 for gold/silver dealers to $2000 per year. That includes ANY gold or silver coins whether they are being sold for bullion purposes OR numismatic purposes. Crazy huh?
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Pillar of the Community
United States
1316 Posts |
Hi wolverine, Hope you are in local clubs, In our club we have people that will help you learn how to sell at shows, Set up, table cost, even how to and what to sell. I have a full time Job and twice a year do a show, It's a lot work, but so is your job, I don't have a large inventory but will sell 3 to $5000. You will meet a lot of good people and dealers will usually give you a break on coin's you want to resale. Each time you will learn more and start to fit in. Another good way to start is ebay, I bought and sold there for years, make sure you know the rules, I don't sell there any more due to a conflict with pay pal... just start and have fun and don't worry if you don't make a killing right away, Good luck... 
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