Ep.33 - How to Build a Coin Shop with David Tine of Eagle Coin and Precious Metals #numismatics

In this episode of the Cabbage Coins podcast, host Tony Gryckiewicz interviews David Tine, owner of Eagle Coin and Precious Metals in Eagle Idaho (outside of Boise). David shares his journey from a side hustle to a full-time coin business, discussing the challenges and successes he has faced along the way. He emphasizes the importance of having adequate capital, security measures, and customer service skills in running a coin shop. The conversation also touches on the role of social media in sales, unique finds in the coin industry, and advice for aspiring coin shop owners. David's passion for coins and commitment to providing a quality experience for customers shines through as he prepares for the grand opening of his new shop.TakeawaysDavid Tine transitioned from a side hustle to a full-time coin business.Eagle Coin is expanding to a larger storefront.Starting a coin shop requires significant capital and security measures.Social media has shifted from direct sales to a marketing tool.Unique finds in the coin shop can be exciting and rare.Customer service skills are crucial in the coin business.The coin market is capital intensive, especially for bullion.David emphasizes creating a shop that he would want to visit.Networking and building a reputation are key to success.David's new shop opens on March 2nd, showcasing rare coins. Chapters00:00 Introduction to Cabbage Coins Podcast01:15 David Tine's Journey in the Coin Business07:33 The Growth of Eagle Coin and Precious Metals13:29 Starting a Coin Shop: Challenges and Insights21:12 Memorable Coins and Customer Interactions24:07 Exploring Unique Coin Deals26:14 Historical Significance of Idaho Bank Notes26:57 Rare Coin Discoveries from Old Collections29:10 The Excitement of Coin Collecting30:46 The Value of Seated Coins33:50 The Joy of Finding Original Proof Sets37:05 Advice for Aspiring Coin Shop Owners41:54 Reflections on Starting a Coin Business43:55 Grand Opening of a New Coin ShopWhere to find Tony and Cabbage Coins:https://cabbagecoins.com/Email: [email protected]: @cabbage_coinsWhere to find David and Eagle Coin and Precious Metals:http://idahorarecoin.com/Email: [email protected]: @blackeaglecoinsIntro Music - "Obverse Fields" by Timothy Gryckiewicz