Best Of
Re: If you knew then, what you know now about coin collecting…
Don’t go to bed at night secretly wishing you had bought a CAC coin instead….
Re: 230th Anniversary Flowing Hair High Relief Gold Coin (24YG)
@Raufus said:
I ordered mine the minute of release. I used the lowest priced shipping. Shipped from TX today.
Same here. I can't believe it's coming USPS Ground advantage, $100 insurance included. Probably in a bubble mailer. I wonder how many will disappear before delivery? They could have at least sprung for Priority mail!
Re: 230th Anniversary Flowing Hair High Relief Gold Coin (24YG)
@pf70collector said:
@coiner said:
@Heubschgold said:
@pf70collector said:
Maybe a profit of $350 with all the eBay PayPal fees. Not to mention registered insured another $75-$90. Margins are slim if I am correct so more in-line what dealers are offering.pf70collector, I agree with you calculations. I calculated about the same net at a fleabay selling price of $4500 for an uncertified 'raw' Gold flowing hair. Getting a slab takes time and has a cost- and risk if it is 'lost in the mail'. Also some flebay sellers end up paying tax to the feds for cumulative sales over $5K.
Time is of the essence with these flips while the 'iron is hot'.Right now the hot item buzz is the pre-sale privy Gold piece.
Anyway, for those that have a vehicle and/or allied selling venue for selling coins that may expedite and economize on expenses, more power to ya!!
A little more profit than you guys are quoting. With an ebay store the FVF drops considerably with expensive items - your talking about fees in the range of 5.0% so a FV fee of around $235. Shipping is expensive fully insured probably $60 USPS Registered brings you right around $300 fees + shipping.
$4,700 sale nets you $4,400 - $3,640 cost = $760.00 profit or ~21%.
@coiner said:
@Heubschgold said:
@pf70collector said:
Maybe a profit of $350 with all the eBay PayPal fees. Not to mention registered insured another $75-$90. Margins are slim if I am correct so more in-line what dealers are offering.pf70collector, I agree with you calculations. I calculated about the same net at a fleabay selling price of $4500 for an uncertified 'raw' Gold flowing hair. Getting a slab takes time and has a cost- and risk if it is 'lost in the mail'. Also some flebay sellers end up paying tax to the feds for cumulative sales over $5K.
Time is of the essence with these flips while the 'iron is hot'.Right now the hot item buzz is the pre-sale privy Gold piece.
Anyway, for those that have a vehicle and/or allied selling venue for selling coins that may expedite and economize on expenses, more power to ya!!
A little more profit than you guys are quoting. With an ebay store the FVF drops considerably with expensive items - your talking about fees in the range of 5.0% so a FV fee of around $235. Shipping is expensive fully insured probably $60 USPS Registered brings you right around $300 fees + shipping.
$4,700 sale nets you $4,400 - $3,640 cost = $760.00 profit or ~21%.
@coiner said:
@Heubschgold said:
@pf70collector said:
Maybe a profit of $350 with all the eBay PayPal fees. Not to mention registered insured another $75-$90. Margins are slim if I am correct so more in-line what dealers are offering.pf70collector, I agree with you calculations. I calculated about the same net at a fleabay selling price of $4500 for an uncertified 'raw' Gold flowing hair. Getting a slab takes time and has a cost- and risk if it is 'lost in the mail'. Also some flebay sellers end up paying tax to the feds for cumulative sales over $5K.
Time is of the essence with these flips while the 'iron is hot'.Right now the hot item buzz is the pre-sale privy Gold piece.
Anyway, for those that have a vehicle and/or allied selling venue for selling coins that may expedite and economize on expenses, more power to ya!!
A little more profit than you guys are quoting. With an ebay store the FVF drops considerably with expensive items - your talking about fees in the range of 5.0% so a FV fee of around $235. Shipping is expensive fully insured probably $60 USPS Registered brings you right around $300 fees + shipping.
$4,700 sale nets you $4,400 - $3,640 cost = $760.00 profit or ~21%.
I was estimating 16% eBay and PayPal fees.
Without store below $7500 it is 13.5% eBay fee
You are correct in your estimation
There are no separate paypal fees.
Anyone seeking a $5000 coin who doesn't pay $25 for a store for a month deserves to lose money.
jmlanzaf
Re: Congratulations to gold - New all time highs! $2800+!!!
.> @GoldFinger1969 said:
@tincup said:
" No, it was an administrative fee. The big $$$ were from the Citibank preferred and common shares. "
It can be called whatever..... it still released Citigroup from the agreement they had entered into and were bound >by.. and the release was to their advantage (Citigroup).
A bailout is still a bailout. You had made a statement to the effect that the FED does NOT bail out banks. I think the examples given appear to disprove that assertion.Really ? So the shareholders were "bailed out" and are sitting with a 90% loss ?
How come "bailouts" for politically connnected special interest groups don't include a 90% haircut ?
I'm sorry, but "bailout" to me means you got money you weren't entitled to. Since some banks didn't even WANT the TARP $$$ and others got diluted to hell, it seems asinine to me to say the banks got "bailed out." Since the Treasury made $$$ on the policy, no bailout took place.
Explain the advantage in having your shareholders diluted 90% ? Have you punched up a long-term chart of Citibank ? The release was NOT to Citibank's advantage, it was an administrative detail. You think Citibank was going to be part of the U.S. Treasury for years and decades ?
.
The intent of the bailout was not to help shareholders. Citibank made bad choices. They also engaged in unethical dealings. And they made a lot of money that they weren't really entitled to. Their shareholders deserved what they got (although bank management did not get what they deserved). The interconnected incestuous relationship between the FED and the banks could not allow the Citibank domino to fall. So Citibank was supported (yes, bailed out) to the extent necessary to keep it from toppling over into the next domino.
.
dcarr
Re: 230th Anniversary Flowing Hair High Relief Gold Coin (24YG)
@Baycity said:
@VanHalen said:
@treybenedict said:
My theory is that we will see a 2 coin set very soon.That would be cool. Flowing Hair Gold $1 and Silver Medal set.
@Bullsitter said:
Is it true that the US Mint is opening an Ebay Store January 1, is that true?The 2 coin set will be the first item at the mint's ebay store!🤣
Or the 2018 1/10 American Liberty Gold
Re: If you knew then, what you know now about coin collecting…
Stay away from online auctions...
Joe_360
Re: CACG to PCGS crossover…..what are your experiences?
@PaulSack said:
I've crossed 32 coins so far, all were CACG AU-58.Every coin came back from PCGS at least MS-66.
Cmon....
Do you have any pictures?
jmlanzaf
Re: 230th Anniversary Flowing Hair High Relief Gold Coin (24YG)
Is it true that the US Mint is opening an Ebay Store January 1, is that true?
Re: MS58 Grade
This thread is going to become part of a bar bet between 2 semi-drunk collectors:
Drunk guy #1: "Bro...I'm telling you! PCGS grades stuff MS 58!! I saw it on the CU forum!!!"
Drunk guy #2: "Dude...you are out of your mind! That's not even on the grading scale"
1: "How much you wanna bet"? (Pulls out phone....Scroll scroll scroll)
Hallco
Re: 230th Anniversary Flowing Hair High Relief Gold Coin (24YG)
@VanHalen said:
@treybenedict said:
My theory is that we will see a 2 coin set very soon.That would be cool. Flowing Hair Gold $1 and Silver Medal set.
@Bullsitter said:
Is it true that the US Mint is opening an Ebay Store January 1, is that true?
The 2 coin set will be the first item at the mint's ebay store!🤣
Baycity