How many flippers have turned into hoarders?

jessewvu

Have you ever purchased something with the full intention of selling quick and ended up keeping?

I know I have

lkeigwin

No.

I trick myself into believing every coin I buy I will keep a long time. Really. But then something comes along I like better. I can't afford both. So I sell the one I was going to keep forever. Rinse, repeat.

ozzyfan269

<< <i>Have you ever purchased something with the full intention of selling quick and ended up keeping?

I know I have >>



I think in this economy especially with the great opportunities for 2008 bullion rarities a longer term hold strategy is the best way to proceed.

I think we are looking at almost all of these doubling in price in the next 2-3 years. Maybe even going higher. I feel good about my hoard of 2008 Plats and Gold issues!

CertifiedGoldCoins

I'd gladly sell two-thirds of what I own, at the right price. That's why I bought them. The other third --- Naaaahhhh!

mirabela

Guilty as charged.

Most of the stuff I buy with the intent to flip goes ... eventually ... but a fair amount of it (a third? a half?) stays for a longer visit than I tell myself it will when I buy it.

The good news is ... I've been collecting since 1978 or so, but there can't be more than fifteen or twenty coins in my collection that I've had for longer than five years. Everything but the best of the best turns over after a while.

JCMhouston

I've never bought a coin with the intention of flipping it quickly. I sold off some bits over the last year that didn't fit in to my current collecting obsessions, but most of those I have had for 5-10 years.

illini420

I recently bought several that I bought only to flip... just couldn't pass up the deal!!! Of course, over half of those coins I ended up keeping

Bayard1908

I mistakenly thought this thread would be about flippers who were now unable to sell their purchases for a profit.

rec78

I have done it the other way around many times--Selling coins that i intended to keep because someone offered me a profit that i could not refuse, but should have. Including pieces that i did not know that i could never replace.

derryb

Yes your honor, I am also guilty as charged.

ArizonaJack

I plead guilty as well

TwoSides2aCoin

Thinking of questions like this is one of the signs of being a coin geek.
Editing posts is another.

garsmith

I am a hoarder waiting for silver to go up so I can become a flipper. And that is out of need, not out of want.

halfhunter

I have only bought, not sold. Now my safe is full. Hell, I don't know all of what I do have & there's no rhyme or reason for the conglomeration of stuff I've picked up over the years. I could probably open a small coin shop - something for everyone. Now I'm on a bullion kick, especially rare or unusual bullion coins. Next year It'll probably be something else, but I can't seem to part with the accumulated stuff even though I've lost interest.

I'M SICK! ! !

Regards,

John