Anatomy of a Lucrative Estate Acquisition / Flip
Cougar1978
Posts: 8,391 ✭✭✭✭✭
Traveling the profit road….
Coins & Currency
0
Cougar1978
Posts: 8,391 ✭✭✭✭✭
Comments
Thanks for the click bait
Many dream of this but the reality for the most part is loads of junk, the nice stuff if there was any sold off years ago, and very little there even worth acquiring.
What has been your experiences?
My last one the best stuff was a bunch of circ common Barber Dimes G/VG and a GSA Unc $ around MS62. Then lots 90 pct silver and junk.
Man, I really need to learn to check who the poster is before I click on threads.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Alrighty then….so what exactly is this thread about?
Founder- Peak Rarities
Website
Instagram
Facebook
I suppose it's about stealing a couple moments of your time.
peacockcoins
But usually he has a personal tale of profit to tell... even if the thread is about something different. This time he started a thread about profit tales and had no story to tell.
Smh...
Buy lower than you sell. That always works for me.
It looks like he edited out the coin he ripped off from some seller in his opening post. We need to use the quote feature more when certain posters start a thread.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
No. I commented before the edit. There was no coin there. [Unless he added one and then thought better of it.]
So, this really was click bait?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Maybe. Or he wanted to hear stories.
Should be retitled "Anatomy of a Useless Thread: How to Add to Your Post Count and Not Contribute Anything".
10-4,
My Instagram picturesErik
My registry sets
That would be accurate. But something shorter would be better, so as to reduce the time wasted in reading it.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Well, he's got our attention so now he needs to give us the "rest of the story".
No, he just wants the attention. The rest of the story is the same as always - he is going to give advice about the bourse, regardless of the topic, and that's it. Also, he likes to drop his definite and indefinite articles often.
I hear that's a good way to find your way back home, just follow the crumbs...
Well the rest of the story is not all gore - a couple yrs back guy would see setup frequently relayed to me really nice deal that walked up (couple) to his table (Classic really nice lustrous Commems in brown paper envelopes many nicely toned) near show closing time (it had been horrible shows sales wise) when many of other dealers had left - what paid for it he says (smiling) is “confidential with the seller”. Let’s just say the wreckage from the crash site scooped up by the retrieval team was a nice addition to what he calls Area 51 (his lingo for processing / flipping). He showed me one of the pieces a beautifully toned PCGS MS66 1926-S Oregon he got slabbed from that group. He was going around with a box of freshly slabbed Commems flipping at 10 pct behind CDN Bid). He advised sipping from his coffee mug of bourbon and coke - “stay thru closing time and have lots of cash.” And he added “sometimes bad selling shows or for that matter uncanny events can be a harbinger of an opportunity.”
Never had that experience. Makes sense.
We had a similar experience at closing time as a seller.
I do remember staying thru closing time at an OK comic show.
A dealer rushed over to our table (at closing time) , sorted thru a few boxes, grabbed 10 comics within 2 minutes, paid and quickly left.
Our show result went from OK to very good.
I wonder if there is a badge for that....
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
Check online auc / then get it stickered lol
Yes jkrk staying until closing - numerous times it’s paid off for me, sometimes big time…..can make a loss into a win. A friend Bobby had something like that on a group of 10 or 12 $20 slabbed DE years ago and the guy paid him w $100 Gem CU crisp star notes! Then he retailed them doing really well (was mainly a currency dealer) at the next show. You never know what could walkup in final minutes.
Cougar just out of curiosity what kind of coins do you sell?
It varies - it’s all in the deal…. if processing / marketing major acquisition deal like last one abt (300 slabs many PQ) for show circuit (good retail) some sell faster than others. Demand for USGTC and Classic Commems has been brisk. CC coins they move quickly. New investors have been entering the market - super well heeled buyers they like stuff brilliant with pleasing luster as they back off dark, spotted stuff. They buy Smart, not buyers something gone bad in holder. Toners seem take longer to sell. Damaged slabs, I get them reholdered as buyers back away from those.
It doesn't cost extra to be early, stay late or be polite.