THE #1 RULE FOR COIN DEALERS: This Is Holding Most Coin Traders Back (Coin Dealing Theory)

Here's something that holds a lot of coin businesses back – and something that I've seen the power of implementing over the last few months and years. Turnover is extremely important for coin businesses – and really any trading business – and so thinking through the implications of ramping up activity, from learning more to seeing more to better connections to better opportunities for profit, is something that I'm excited to chat about with you in this video. If you have different perspective, do not hesitate to bring that up in the comments.. it's great to learn from one another!

#coindealing #coincollecting #cointrading


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15 Comments on “THE #1 RULE FOR COIN DEALERS: This Is Holding Most Coin Traders Back (Coin Dealing Theory)”

  1. Please do more of these Christian! Can you do one on selecting raw coins to send to pcgs without getting details grades back? Cheers

  2. Hey Chrisitian do you have any tips in finding items to sell as I am having trouble finding any coins in my area. i would really appreciate any tips thank you

    1. Hmm – maybe cherrypicking eBay would be a smart idea! I know some people who have found $5K varieties there!

  3. I love the amount of coins you have to sell during each auction. The data I’m acquiring is amazing. For example, I’ve gotten a Polish/Lith 3 Polker or two from you each auction since I’ve been buying. The average sell price is $15.76. Lowest was $8.48, and highest was $21.20. I know when making my list and making a budget per auction I can count on $16 for a Polker if you have two or three available. That’s just as a buyer. As a seller your data points cover a lot more so you know what folks are buying, and at what prices they’re selling, not to mention which nights/days coins do better. It’s not just about flipping for capitol, having a constant stream of product allows for the collection of more data points so you can sculpt your business.

  4. Great video especially explain the difference between the long term investor and the short term business models

  5. This man is a boss… smart as hell and dependable. I’ll keep doing business with him for a long long time.

  6. Great video.
    I just watched your 1955 penny video.
    I have 4 unopened rolls of 1955 s in original Los Angeles branch packaging rolls.
    What has better value.
    1. Open them up and look for double punches
    2. Sell the as is
    Thank you!

  7. It is always easier to find coins to make a couple bucks than it is to make big profit on one. Dealing in lower budget coins also opens up how many customers can afford your inventory.

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