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<p>[QUOTE="fatima, post: 1285969, member: 22143"]I don't usually respond to tales of personal anecdotes successes, but I will make an exception here. First my comments, if taken in the context they were presented in, were not directed to someone wishing to make riches off coin flipping modern coins from the mint. My comments were meant for holding the coin as a collector/bullion investor and not trying to beat other coin flippers at their own game. </p><p><br /></p><p>Now to what you posted. So you bought one of these sets for $100 and sold it to someone for $500. If you sold it on eBay, I'll assume, this means you made a profit of ~$350 off each one of these sets. (assuming your story is true and you were lucky enough to beat out the other flippers)If you sold 5 of these sets you made the big profit of $1750. This is assuming you were able to time the coin flipping market exactly. </p><p><br /></p><p>Today you would gain about $1100 if you sold 5 sets. This is a 44%/year return. Not bad I suppose. Now if, instead, you had purchased a single Jackson's Liberty First Spouse coin in 2008, low mintage, at $619 you could sell it today for $1900. This is a 102%/year return and this requires no coin flipping schemes, hoping you hit it right and this coin is still going up in value, not down.</p><p><br /></p><p>I think my point is proven.</p><p><br /></p><p>OH and BTW, this time you will be competing against the likes of Apmex and other similiar dealers who have decided to get into this game. Good luck with that.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1285969, member: 22143"]I don't usually respond to tales of personal anecdotes successes, but I will make an exception here. First my comments, if taken in the context they were presented in, were not directed to someone wishing to make riches off coin flipping modern coins from the mint. My comments were meant for holding the coin as a collector/bullion investor and not trying to beat other coin flippers at their own game. Now to what you posted. So you bought one of these sets for $100 and sold it to someone for $500. If you sold it on eBay, I'll assume, this means you made a profit of ~$350 off each one of these sets. (assuming your story is true and you were lucky enough to beat out the other flippers)If you sold 5 of these sets you made the big profit of $1750. This is assuming you were able to time the coin flipping market exactly. Today you would gain about $1100 if you sold 5 sets. This is a 44%/year return. Not bad I suppose. Now if, instead, you had purchased a single Jackson's Liberty First Spouse coin in 2008, low mintage, at $619 you could sell it today for $1900. This is a 102%/year return and this requires no coin flipping schemes, hoping you hit it right and this coin is still going up in value, not down. I think my point is proven. OH and BTW, this time you will be competing against the likes of Apmex and other similiar dealers who have decided to get into this game. Good luck with that.[/QUOTE]
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