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How Can I Become An Coin Dealer?

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yunbo's Avatar
Canada
90 Posts
 Posted 06/12/2013  3:34 pm Show Profile   Bookmark this topic Add yunbo to your friends list Get a Link to this Message Number of Subscribers
Heard from RCM that they only take on new dealer who will purchase more than 1 million. But, RCM has a couple of large wholesalers and they deal with the smaller dealers throughout North America.

Anybody knows how to become such kind of small dealer and get some discount? Thanks, your help is greatly appreciated !
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Panda's Avatar
Canada
685 Posts
 Posted 06/12/2013  3:40 pm  Show Profile   Bookmark this reply Add Panda to your friends list Get a Link to this Reply
co-ask
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Panda's Avatar
Canada
685 Posts
 Posted 06/12/2013  3:45 pm  Show Profile   Bookmark this reply Add Panda to your friends list Get a Link to this Reply
Sinhg with Deal here has the dealer sheet all days, please ask him.
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SPP-Ottawa's Avatar
Canada
10456 Posts
 Posted 06/12/2013  3:54 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
Open a post office...
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My eBay store
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silvercoinrn's Avatar
United States
863 Posts
 Posted 06/13/2013  9:25 pm  Show Profile   Bookmark this reply Add silvercoinrn to your friends list Get a Link to this Reply
How does opening a post office help with coin dealing? is this a canadian thing?
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Northerncoins's Avatar
Canada
2019 Posts
 Posted 06/13/2013  10:01 pm  Show Profile   Bookmark this reply Add Northerncoins to your friends list Get a Link to this Reply
Ya its a Canada Post/ Royal Canadian Mint thing....and no I don't know how you would open a post office in Canada either lol
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MoneyPenney's Avatar
Canada
2984 Posts
 Posted 06/13/2013  10:05 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply
I doubt you need to spend $1 Million to become a coin dealer. Deal_With_Singh is a student and he managed to become a dealer.

And how about all the small coin/stamp shops across Canada? A million dollar in coins is worth more than the shop!
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CC-Ottawa's Avatar
Canada
3690 Posts
 Posted 06/13/2013  10:10 pm  Show Profile   Bookmark this reply Add CC-Ottawa to your friends list Get a Link to this Reply

Quote:
How does opening a post office help with coin dealing? is this a canadian thing?


Canada Post has become a significant reseller of RCM coins in recent years. Essentially every post office and post outlet (there are 6600) in the country is a coin 'dealer' and are able to buy coins at a discount.

The catch is, individual POs order from the Canada Post Philatelic Centre who buy directly from the Mint. A POs franchise owner would sort of be a dealer but would not buy directly from the Mint.

In Canada, we like to have our crown corporations support each other so that money losers like the Postal Service can be propped up by profitable government 'businesses' like the Mint all the while having them compete with private organizations like real coin dealers. It's the least efficient way of operating that the government has come up with....so far.
Edited by CC-Ottawa
06/13/2013 10:11 pm
New Member
boobz09's Avatar
Canada
32 Posts
 Posted 06/14/2013  03:44 am  Show Profile   Bookmark this reply Add boobz09 to your friends list Get a Link to this Reply
How do I become an authorized coin dealer?
For more information on how to become an authorized dealer of Royal Canadian Mint products, please email us. One of our customer service representatives will contact you shortly.

Surrrrre.....
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arianzo's Avatar
Canada
2124 Posts
 Posted 06/14/2013  09:39 am  Show Profile   Bookmark this reply Add arianzo to your friends list Get a Link to this Reply

deal_with_singh is supposed to be a RCM dealer, so he should know:

http://www.coincommunity.com/forum/...lay&id=22533
Valued Member
yunbo's Avatar
Canada
90 Posts
 Posted 06/14/2013  09:42 am  Show Profile   Bookmark this reply Add yunbo to your friends list Get a Link to this Reply
Thank you, guys.
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