Message:

<p>[QUOTE=&quot;Clawcoins, post: 3879040, member: 77814&quot;]wow, and the thread didn&#039;t get locked after the first few pages.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie26" alt=":bookworm:" unselectable="on" unselectable="on" /></p><p><br /></p><p>&quot;flippers&quot; .. what are flippers?&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie27" alt=":bored:" unselectable="on" unselectable="on" /></p><p>(a) people that buy US MINT coins then sell them at high prices, <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie47" alt=":greedy:" unselectable="on" unselectable="on" /></p><p>(b) people that CRH looking for those million dollars coins looking to flip them at high prices.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie67" alt=":nailbiting:" unselectable="on" unselectable="on" /></p><p>(c) people that buy coins and accidentally see a price spike and thus flip them ? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" /></p><p>(d) anyone that buys a coin, then expects to sell it for more at some time in the future. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie77" alt=":pompous:" unselectable="on" unselectable="on" /></p><p>(d) all of the above <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie100" alt=":wideyed:" unselectable="on" unselectable="on" /></p><p><br /></p><p>A lot of gray area there. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie49" alt=":grumpy:" unselectable="on" unselectable="on" /> and everyone&#039;s definition will fit their own purposes.</p><p><br /></p><p>Yes, there are businesses out there buying coins, breaking the &quot;one household rule&quot; .. but they&#039;re a &quot;business not a household, right? .. and then reselling them. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie27" alt=":bored:" unselectable="on" unselectable="on" /></p><p><br /></p><p>That reminds me of the Congrats ASE sets.&nbsp; Each year I would buy a handful on the thought I would give them away.&nbsp; I never did. Then came the fall of 2017 when the 2017 price spiked.&nbsp; Crazily spiked to $2k each, and the other years spiked up too.&nbsp; It was crazy.&nbsp; I sold <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie59" alt=":joyful:" unselectable="on" unselectable="on" />, I flipped them because it was Insanity Demand.&nbsp; &nbsp; I recall I sold each of them for $2k.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie57" alt=":jawdrop:" unselectable="on" unselectable="on" /> I see on eBay I can buy them back, slabbed for $60-$160.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie52" alt=":hilarious:" unselectable="on" unselectable="on" /></p><p><br /></p><p>And Last Year I subscribed to the Apollo <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie17" alt=":astronaut:" unselectable="on" unselectable="on" /> prints, max 3 prints. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />&nbsp; I saw the first print sell on eBay for a crazy amount like $70 each (paid $20 each).&nbsp; So I sold them.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie14" alt=":angelic:" unselectable="on" unselectable="on" />&nbsp; Then I got the 2nd set and sold those. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie18" alt=":bag:" unselectable="on" unselectable="on" />&nbsp; I have the 3rd set still unopened on my desk, but I was planning on selling those too.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie20" alt=":banghead:" unselectable="on" unselectable="on" /></p><p><br /></p><p>At the price of gold/silver I&#039;ve taken buying bullion coins off my list for now. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie19" alt=":banhappy:" unselectable="on" unselectable="on" /> As I&#039;ve been selling silver when it peaked above $16 then again above $18.</p><p><br /></p><p>I had a Universal Coin call me the other week offering me the 1986-2019 MS69 uncirc set for a mere $2,100 ( that&#039;s $66+ each ?).&nbsp; They were trying to tell me it was a superb deal <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie45" alt=":eggface:" unselectable="on" unselectable="on" />.. umm .. no.&nbsp; I don&#039;t buy slabbed (nonProof) modern bullion. And I told him I was selling, not buying at the high prices. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie42" alt=":doctor:" unselectable="on" unselectable="on" /> I guess I was right as now silver/gold has gone down, so I flipped my PMs. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie69" alt=":oldman:" unselectable="on" unselectable="on" /></p><p><br /></p><p>But, flipping any coin exists for Coin Collectors (aka Insanity Demand <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie87" alt=":sorry:" unselectable="on" unselectable="on" />) as we&#039;ve all stated in other threads coins is not an investment (at most levels). <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie83" alt=":singing:" unselectable="on" unselectable="on" /></p><p><br /></p><p>But I&#039;ve overpaid on stuff too because I want it &quot;now&quot; not &quot;later&quot;<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie50" alt=":happy:" unselectable="on" unselectable="on" />&nbsp; After people over pay a few times, then a few years pass (or days) and the &quot;luster&quot; (pun intended) <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie98" alt=":wacky:" unselectable="on" unselectable="on" /> of the coin fades they start second guessing themselves.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie10" alt=":oops:" unselectable="on" unselectable="on" /> Just like the people that check their pocket change, are told it&#039;s damage but still send it off to PCGS and claimed they were wrong and ripped off. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie79" alt=":rage:" unselectable="on" unselectable="on" />&nbsp; It&#039;s all a learning experience, and evolution of knowledge to be a careful &quot;coin connoisseur&quot;, which ironically has the word &quot;con&quot; in it. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie81" alt=":shifty:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in