The quick flip (really quick!)

Discussion in 'Coin Chat' started by DJCoinz, Feb 3, 2008.

  1. DJCoinz

    DJCoinz Majored in Morganology

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  3. codydude815

    codydude815 Wannabe coin dealer

    That guy is just a bit insane. :headbang:
     
  4. Arizona Jack

    Arizona Jack The Lincoln-ator

    God catch Dj, he has no slab pics or cert numbers, at least we know he is a legit seller tho, not a hijack that was thought of on another thread somewhere else
     
  5. Hobo

    Hobo Squirrel Hater

    So he bought it for $2,800 plus fees ($336 buyer's fees plus $15.75 shipping). His total investment was $3,151.75. According to his auction "Currently have (1) offer for $9800." That's a nice, quick $6,648.25 profit (less eBay fees) in only a couple of weeks. That's a return on investment of almost 211% by my calculation. Even more profit and higher ROI if he gets a higher offer.

    Pretty nice flip for him. I don't see that he is doing anything wrong. His buyer could have just as easily bought this coin on Teletrade by beating the $2,800 bid.
     
  6. Arizona Jack

    Arizona Jack The Lincoln-ator

    He is doing nothing wrong at all.........but, he better get some cert #'s up there before it's yanked !!
     
  7. Hobo

    Hobo Squirrel Hater

    Good point.

    BTW nice avatar. That must be Disco Jack circa 1979. :)
     
  8. Arizona Jack

    Arizona Jack The Lincoln-ator

    LMAO, thats Al Pacino as Scarface, one of my Fav all time movies
     
  9. codydude815

    codydude815 Wannabe coin dealer

    Haha, that would be the one and only Tony Montana.

    The most BA gangster you'll ever meet.
     
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