So You Wanna Sell On Ebay

078: So You Wanna Sell On eBay - David McConaghy

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Synopsis

David McConaghy is a Numismatist (coin expert) and owner of New England Coin Exchange. He opened his store 10 years ago with his Son Dylan who opened his own store in February. Prior to the coin business David was a co-founder of Lamina Lighting and NetSilicon which he helped take public on the Nasdaq at the height of dot com mania in 1999. Interesting Notes David has a formal degree in Electrical Engineering. He used eBay in the early days just to buy items. It is his wife who first started selling on eBay. She sold their daughter's clothes for more than what she has paid it for. That got David's attention. Now, David owns 2 brick and mortar stores. He has 4 kids who are all involved in the business. Dylan, his son who opened his own store, is age 20. David's other 2 boys and a daughter work with him in his store. His kids get a certain percentage of the items they sell. They are one of the largest buyers of coins of new england. They run their store six (6) days a week. They see 50-100 customers per day