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Why All The Hatred Towards The Flipper ???

It seems some members here are really put off by flippers. Why is it so wrong to flip something you enjoy to possess and make a little extra green to help support your hobby ? Your thoughts please image

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  • JRoccoJRocco Posts: 14,277 ✭✭✭✭✭
    I loved Flipper
    Use to run in the 7 PM time slot.




    I have nothing against coin flippers by the way as long as they don't try to rip people off.
    Some coins are just plain "Interesting"
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Flippers tend to drive prices up... at least in the short term... Cheers, RickO
  • CasmanCasman Posts: 3,935 ✭✭
    What's the real difference between a dealer and a flipper, and should we as collectors care?


  • << <i>What's the real difference between a dealer and a flipper, and should we as collectors care? >>

    Flipper is a dolphin, dealers are sharks.image
  • everything is flipped.
  • darktonedarktone Posts: 8,437 ✭✭✭
    I think some are just jealous.
  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    I have nothing against flippers.


    Steve
    Good for you.


  • << <i>It seems some members here are really put off by flippers. Why is it so wrong to flip something you enjoy to possess and make a little extra green to help support your hobby ? Your thoughts please image >>



    Because they believe that nobody deserves to make any profit but themselves!
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭
    Nothing againsst flipping in and of itself.
    The way some flippers conduct themselves, however, makes me look down on them.

    Flippers who buy from the mint just to, knowingly, return the majority because it won't be PR/MS70 for them to flip.
    Flippers who buy out everything just to jack the prices immediately.
    Flippers who act like they actually know about coins and think they are real dealers when they aren't. Ebay does not a coin dealer make.
    It's funny watching some of the flippers talk about "their customers" and acting like they are a dealer just because they are a flipper and sell on ebay.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • DoogyDoogy Posts: 4,508


    << <i>Nothing againsst flipping in and of itself.
    The way some flippers conduct themselves, however, makes me look down on them.

    Flippers who buy from the mint just to, knowingly, return the majority because it won't be PR/MS70 for them to flip.
    Flippers who buy out everything just to jack the prices immediately.
    Flippers who act like they actually know about coins and think they are real dealers when they aren't. Ebay does not a coin dealer make.
    It's funny watching some of the flippers talk about "their customers" and acting like they are a dealer just because they are a flipper and sell on ebay. >>



    Bingo! The 'pump and dump' modern coin promoters that show-boat as dealers by listing their wares on ebay and then writing ad nauseum about how "rare" a coin is that just left the Mint's doors, should get a taste of their own medicine. Many have it appears, as platinum prices have nosedived and many are sitting on a pile of stuff that has lost a lot of value.

    Also, the unethical tactic about buying from the Mint and then bragging here about returning the material because it "won't 70" is reprehensible. The US Mint isn't in business to churn out constant "perfection". You have just purchased a bullion coin of very high quality, much higher quality than at any other time in the history of numismatics; beautiful mirrors, thick cameos and the weight and fineness is guaranteed by the US government. They gave you what you purchased, now shut up, sit back and enjoy it for what it is.
  • derrybderryb Posts: 37,630 ✭✭✭✭✭
    I was the Walrus
    Now I am the Flipper

    image

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • BearBear Posts: 18,953 ✭✭✭
    Nothing is wrong with flipping. Most put any profits, back
    into solid rare coins for their collections.image
    There once was a place called
    Camelotimage
  • FatManFatMan Posts: 8,977


    << <i>Nothing is wrong with flipping. Most put any profits, back
    into solid rare coins for their collections.image >>

    Nothing is wrong with ripping widows and little old ladies. Most put any profits back into solid rare coins for their collections.image

    Sorry Bear, not that I am interested in getting into a debate on flipping but your post is a poor justification of the practice.


  • << <i>What's the real difference between a dealer and a flipper, and should we as collectors care? >>



    Flippers don't have a real collector base; they wholesale to other dealers for a quick profit.
    A lie told often enough becomes the truth. ~Vladimir Lenin
  • WoodenJeffersonWoodenJefferson Posts: 6,491 ✭✭✭✭
    Who besides the Mint flips to the flippers?

    Are the buyers considered Flipee's?

    Once the transaction is complete are you flipped-off?

    These are things I'd like to know.
    Chat Board Lingo

    "Keep your malarkey filter in good operating order" -Walter Breen
  • RYKRYK Posts: 35,799 ✭✭✭✭✭
    When I think of coin flipping, I think of folks buying up recently issued Mint products in bulk and immediately flipping them for profits to those who were not available to place their orders at 12:01 on the day the coin was released. This kind of flipping is often accompanied by hype and hysteria. It is a zero sum game--for every winner, there is a loser.


  • << <i>

    << <i>Nothing is wrong with flipping. Most put any profits, back
    into solid rare coins for their collections.image >>

    Nothing is wrong with ripping widows and little old ladies. Most put any profits back into solid rare coins for their collections.image

    Sorry Bear, not that I am interested in getting into a debate on flipping but your post is a poor justification of the practice. >>



    If that is your idea of a flip, you're an idiot.
  • BearBear Posts: 18,953 ✭✭✭
    What about the number

    of Forum Members that

    are collector/dealers?
    There once was a place called
    Camelotimage
  • ArizonaJackArizonaJack Posts: 4,029 ✭✭✭


    << <i>

    << <i>Nothing againsst flipping in and of itself.
    The way some flippers conduct themselves, however, makes me look down on them.

    Flippers who buy from the mint just to, knowingly, return the majority because it won't be PR/MS70 for them to flip.
    Flippers who buy out everything just to jack the prices immediately.
    Flippers who act like they actually know about coins and think they are real dealers when they aren't. Ebay does not a coin dealer make.
    It's funny watching some of the flippers talk about "their customers" and acting like they are a dealer just because they are a flipper and sell on ebay. >>



    Bingo! The 'pump and dump' modern coin promoters that show-boat as dealers by listing their wares on ebay and then writing ad nauseum about how "rare" a coin is that just left the Mint's doors, should get a taste of their own medicine. Many have it appears, as platinum prices have nosedived and many are sitting on a pile of stuff that has lost a lot of value.

    Also, the unethical tactic about buying from the Mint and then bragging here about returning the material because it "won't 70" is reprehensible. The US Mint isn't in business to churn out constant "perfection". You have just purchased a bullion coin of very high quality, much higher quality than at any other time in the history of numismatics; beautiful mirrors, thick cameos and the weight and fineness is guaranteed by the US government. They gave you what you purchased, now shut up, sit back and enjoy it for what it is. >>



    Excellent and well put.

    Spotting underpriced coins at shows, online or at the B&M and buying to resell is part of the biz. Knowing how to spot those is a specialized skill most of time painfully leaned and developed at some amount of personal monetary expense. The reward comes when you get good at it, similar to the crackout game.
    " YOU SUCK " Awarded 5/18/08
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,574 ✭✭✭✭✭
    ... if someone is having fun with coins and making money, God bless them. This is America !
    Every corner needs a grocer.


  • << <i>... if someone is having fun with coins and making money, God bless them. This is America !
    Every corner needs a grocer. >>




    While I agree with your statement, what they are talking about here is much, much more insidious...


    imageimage
    Collector of Early 20th Century U.S. Coinage.
    ANA Member R-3147111
  • Type2Type2 Posts: 13,985 ✭✭✭✭✭
    I flip some time there my $$$ so I can spend it the way I want. But that is just me. Some day some time your coins will be fliped if you like it or not. image


    Hoard the keys.
  • I see nothing wrong with buying a coin with the intent to sell it later at the right price and have done so thousands of times. But the term "flipper" is a new addition to the numismatic lexicon, that most associate with the Evil Empire (eBay, that is).

    There isn't anything wrong with making a buck, even former Communists have found that out. But as some have pointed out here, there are people on eBay who call themselves flippers who are just greedy shysters. They will do anything to make a buck, without regard to ethics, and this damages the hobby.

    The biggest ones can be seen on Cable TV. image
    Good deals with: goldman86 mkman123 Wingsrule wondercoin segoja Tccuga OKCC LindeDad and others.

    my early American coins & currency: -- http://yankeedoodlecoins.com/
  • garsmithgarsmith Posts: 5,894 ✭✭
    image If it wasn't for flippers you would only be able to make coins because you would have no one to buy from.
  • TreemanTreeman Posts: 419 ✭✭✭
    "It's funny watching some of the flippers talk about "their customers" and acting like they are a dealer just because they are a flipper and sell on ebay."

    Seems to me that they are "dealing" coins (even if it is only Moderns), and they do have customers, so I guess I won't lose any sleep if they act like "dealers". There are a lot of real(?) dealers out there who simply "flip" coins, both Moderns and Classics, for a profit. None of this bothers me much, since I only buy coins that I like, for a price that I think is reasonable. On the other hand, the TV freak shows are another matter entirely....
  • notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>"It's funny watching some of the flippers talk about "their customers" and acting like they are a dealer just because they are a flipper and sell on ebay."

    Seems to me that they are "dealing" coins (even if it is only Moderns), and they do have customers, so I guess I won't lose any sleep if they act like "dealers". There are a lot of real(?) dealers out there who simply "flip" coins, both Moderns and Classics, for a profit. None of this bothers me much, since I only buy coins that I like, for a price that I think is reasonable. On the other hand, the TV freak shows are another matter entirely.... >>

  • PerryHallPerryHall Posts: 46,824 ✭✭✭✭✭
    Since I believe in capitalism, I have no problem with flippers as long as they are honest in their transactions and don't rip off some widow.

    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

  • coinkatcoinkat Posts: 23,825 ✭✭✭✭✭
    Flipper...

    Somehow a flipper became a term of art, not just for coins, but for basically anything that was bought for the intent of selling for a quick profit. Is this reasonable and does it ethically pass the straight face test?

    The answer is that it can pass the straight face test and it can be ethical depending upon what is involved.

    Part of what determines value is what someone is willing to pay for something and the price that someone is willing to sell the item. And as much as this will offend people, the reality is that buyers and sellers are not often matched up nicely to insure that the typical transaction takes place like most folks would want to believe. To be blunt and honest, it is all about time, place and opportunity.

    Experience the World through Numismatics...it's more than you can imagine.

  • Flippers and honest Dealers should not be considered the same.Although they both want to make money in the process of their sales. The dealer has to contend with an overhead of his business and keep an inventory for his customer base.
    All these Flippers care about is MS 70 or PR 70 and will return their purchases to the Mint if they feel it does not meet the grade.As was stated on this board...!!

    ......Larry........image
  • Bayard1908Bayard1908 Posts: 4,092 ✭✭✭✭


    << <i>Flippers and honest Dealers should not be considered the same.Although they both want to make money in the process of their sales. The dealer has to contend with an overhead of his business and keep an inventory for his customer base.
    All these Flippers care about is MS 70 or PR 70 and will return their purchases to the Mint if they feel it does not meet the grade.As was stated on this board...!! >>



    I really have no sympathy for a dealer's overhead. Dealers are not entitled to any special deference or consideration. Dealers who buy from major auctions and then mark up the coin by 50% or more are a joke. I can buy directly from the same auctions.
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,421 ✭✭✭✭✭


    << <i>Since I believe in capitalism, I have no problem with flippers as long as they are honest in their transactions and don't rip off some widow. >>



    Agreed. How flippers operate - provided they do not misrepresent - does not concern me. They are buying and selling newly minted coins I choose not to collect.
  • PerryHallPerryHall Posts: 46,824 ✭✭✭✭✭


    << <i>They are buying and selling newly minted coins I choose not to collect. >>



    Flipping coins apply to all coins and not just moderns. If I see a coin in a dealers case which I have no interest in collecting or owning yet is priced rediculously cheap, I may buy it and resell it for an easy profit.

    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

  • MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭
    "Why All The Hatred Towards The Flipper ???"

    I think hatred is a strong word, but I believe some of the concern is that flippers generally provide no real value to the hobby.
    Collector of Large Cents, US Type, and modern pocket change.
  • derrybderryb Posts: 37,630 ✭✭✭✭✭
    Isn't a dealer just a flipper with some fancy display cases?

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • because, much like the new age, at-home stock traders, most of them have no clue what they are doing and totally skew all the typical market indicators to which so many of the old-timers have become accustomed and cannot manage without.
  • "Look out... it's a flipper!" - Ron White... image
  • dohdoh Posts: 6,457 ✭✭✭
    I'm all for flipping if you find a coin that's a good deal and then sell it. I am NOT for flipping by buying dozens of coins from the mint, checking for 70s to flip and returning the rest. That's an obvious abuse of the system.
    Positive BST transactions with: too many names to list! 36 at last count.
  • BBNBBN Posts: 3,761 ✭✭✭
    What if someone takes advantage of cashback on ebay and sells the item as soon as they get it? Is that flipping?

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

    #1 1951 Bowman Los Angeles Rams Team Set
    #2 1980 Topps Los Angeles Rams Team Set
    #8 (and climbing) 1972 Topps Los Angeles Rams Team Set
  • Coll3ctorColl3ctor Posts: 3,355 ✭✭✭


    << <i>What if someone takes advantage of cashback on ebay and sells the item as soon as they get it? Is that flipping? >>





    Hell yeah ! That's a flip image
  • notwilightnotwilight Posts: 12,864 ✭✭✭
    If you buy coins raw, have them graded, and sell the graded coins is that a flip? --Jerry
  • I do not have a problem with someone who wants to flip some bullion for profit..
    I feel that if someone wants to tie up several thousand dollars of their cash on the
    hope of making a few bucks. Good luck to ya...

    I have bought hundreds of dollars from Gary. As well as a good friend of mine.
    On every occasion we have both felt it was a good deal for both sides....

    Flippers take the risk I don't want to take... In return I am willing to spend a few extra dollars
    for the ability not to tie up my capitol.

    Every person has the oppurtunity to not buy if they feel the deal is not worth it...

    Once I come off my "holding pattern" I will buy from Gary once again... His markup is always
    lower than what fleabay has to offer. Without the risk it does have to offer....image

    God Speed Coll3ctor......image
  • Coll3ctorColl3ctor Posts: 3,355 ✭✭✭


    << <i>I do not have a problem with someone who wants to flip some bullion for profit..
    I feel that if someone wants to tie up several thousand dollars of their cash on the
    hope of making a few bucks. Good luck to ya...

    I have bought hundreds of dollars from Gary. As well as a good friend of mine.
    On every occasion we have both felt it was a good deal for both sides....

    Flippers take the risk I don't want to take... In return I am willing to spend a few extra dollars
    for the ability not to tie up my capitol.

    Every person has the oppurtunity to not buy if they feel the deal is not worth it...

    Once I come off my "holding pattern" I will buy from Gary once again... His markup is always
    lower than what fleabay has to offer. Without the risk it does have to offer....image

    God Speed Coll3ctor......image >>






    ThanX for the kind words my friend... I'm feeling very warm and fuzzyimage
  • Coll3ctorColl3ctor Posts: 3,355 ✭✭✭


    << <i>If you buy coins raw, have them graded, and sell the graded coins is that a flip? --Jerry >>





    I would think so as you are looking to turn them for a profit.
  • notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>

    << <i>If you buy coins raw, have them graded, and sell the graded coins is that a flip? --Jerry >>

    I would think so as you are looking to turn them for a profit. >>



    So that makes almost every dealer in the business a flipper...to me flipper has a negative connotation--just because that is how it is normally used. Of course there are guys here that hate all dealers so maybe that's what is intended. --Jerry

    PS So it's ok to buy coins, have them graded, and resell them if you have no intent to make a profit. I guess that would the the not-for-profit TPG support group.


  • << <i>ThanX for the kind words my friend... I'm feeling very warm and fuzzy >>

    image

    image
  • GrumpyEdGrumpyEd Posts: 4,749 ✭✭✭
    It wasn't that anyone hated Flipper. Sandys friend thought Flipper was a shark so he speared Flipper. Sandy brought the wounded Flipper home, his dad Porter Ricks (the rifleman) didn't like Flipper because he ate too many fish but the kids loved him and paid with fish to see him do tricks and he made cool noises. They kept him in a pen. Everyone became TV stars but they had a different dad and maybe a different Flipper. The original Flipper might have been barbecued.


    Original Flipper movie


    Flipper episodes

    Ed
  • percybpercyb Posts: 3,333 ✭✭✭✭
    Too much time on their hands.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • Coll3ctorColl3ctor Posts: 3,355 ✭✭✭


    << <i>It wasn't that anyone hated Flipper. Sandys friend thought Flipper was a shark so he speared Flipper. Sandy brought the wounded Flipper home, his dad Porter Ricks (the rifleman) didn't like Flipper because he ate too many fish but the kids loved him and paid with fish to see him do tricks and he made cool noises. They kept him in a pen. Everyone became TV stars but they had a different dad and maybe a different Flipper. The original Flipper might have been barbecued.


    Original Flipper movie


    Flipper episodes >>





    LMAO !!!

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