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<p>[QUOTE="Louie_Two_Bits, post: 857707, member: 17748"]IMO the BSAs have already proven to be a huge disappointment for flippers. In fact, many of these I have seen sold for a loss. This was on the first page of ebay completed listings (<a href="http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=140398272365" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=140398272365" rel="nofollow">http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=140398272365</a>). They paid about $36 for the coin from the mint, about $16 for grading+s&h, $5 ebay fees, $3 for s&h to buyer...you're looking around $60 into this coin, they lost money.</p><p><br /></p><p>These haven't even sold out at the mint and demand has already started to wane. You can get a slabbed pf69 in the $40 range and an ms69 in the $30 range, with many going unsold...and the large inventory from all of the flippers waiting on their coins from mint or the TPGs hasn't even hit the market yet. </p><p><br /></p><p>I just don't see the demand for theses exceeding supply, even after the mint sells out. I mean there is only 350,000 of these, and demand is already way down with 266,000 being sold. </p><p><br /></p><p>Everyone making correlations of the number of boy scouts and demand for these coins is hogwash...everyone that wants one is going to get one and there are far fewer than 350,000 people that want, or are willing to pay that much for one.</p><p><br /></p><p>If I had purchased a large inventory of these in hopes of flipping, I would send these back to the mint in the blink of an eye.</p><p><br /></p><p>-LTB[/QUOTE]</p><p><br /></p>
[QUOTE="Louie_Two_Bits, post: 857707, member: 17748"]IMO the BSAs have already proven to be a huge disappointment for flippers. In fact, many of these I have seen sold for a loss. This was on the first page of ebay completed listings ([url]http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=140398272365[/url]). They paid about $36 for the coin from the mint, about $16 for grading+s&h, $5 ebay fees, $3 for s&h to buyer...you're looking around $60 into this coin, they lost money. These haven't even sold out at the mint and demand has already started to wane. You can get a slabbed pf69 in the $40 range and an ms69 in the $30 range, with many going unsold...and the large inventory from all of the flippers waiting on their coins from mint or the TPGs hasn't even hit the market yet. I just don't see the demand for theses exceeding supply, even after the mint sells out. I mean there is only 350,000 of these, and demand is already way down with 266,000 being sold. Everyone making correlations of the number of boy scouts and demand for these coins is hogwash...everyone that wants one is going to get one and there are far fewer than 350,000 people that want, or are willing to pay that much for one. If I had purchased a large inventory of these in hopes of flipping, I would send these back to the mint in the blink of an eye. -LTB[/QUOTE]
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