My Dealer Is Selling All His Old Gold Coins
I have been selling old gold coins to the same dealer for years and just learned that he is going out of business at the end of the month. He has found that people are not collecting like they used to, and they are only looking to sell what they have and not buy anymore. When he first started in the business, he says that there were tons of kids who would come in after saving their allowances and purchase old gold coins all the time.
He found that when the gold prices went up, it actually starting hurting his business. People only wanted to be selling gold instead of doing any buying. They were not interested in seeing what this one coin would be worth; they just wanted to know what everything weighed and how much they could get per pound. I am sad to see him closing his store but since he has such a big inventory, he can sell it to a dealer that is in the next town and make some good money there. Selling gold pieces should be easy for him, since he has done it for so long. I just hope that he is able to get at least seventy five percent of their value from selling old gold coins to a dealer that knows he needs the money.