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The difference between flipping and scalping

joefrojoefro Posts: 1,872 ✭✭
in U.S. Coin Forum
What is it to you? Here is why I ask... Often for very popular concerts that I want to go to and I know will sell out fast, I will buy the maximum of 4 tickets and sell the extra pair on eBay to essentially get my pair for free. I've done that for the Austin City Limits fesitival the past 2 years and saved over $500. Those tickets sell out within an hour every year. Whenever I'm doing this, I always feel a little guilty and in the back of my mind I know that what I am essentially doing is scalping.

Today I bought 3 of the 25th Anniv. ASE sets. They are beautiful, and I want one! I bought the other two knowing I could sell them to make up most if not all of my cost for the one I am going to keep. I noticed on this forum that the majority of buyers are all posting that they got 5 or more sets and are ready to flip them. I find this interesting, from a sociological standpoint I guess. Don't get me wrong, I see nothing wrong with a little self-driven capitalism and I don't judge anyone for flipping. I just could never imagine in a thousand years a forum where people sit around posting how many tickets to a concert they bought and are going to scalp on eBay. If you ask most people what they think of scalpers, you will only hear negative replies. Not trying to ruffle any feathers, like I said... I'm flipping two myself.

Just think it's interesting is all. Flipping vs. scalping... semantics?
Lincoln Cent & Libertad Collector

Comments

  • notwilightnotwilight Posts: 12,864 ✭✭✭
    This is a free market country. Most of these are being sold at open auction. Those with high BIN prices can be considered as "ask" prices. if the bid gets that high they will sell, if not, they won't. This is very similar to the stock market.

    If you want price controls, try eastern Europe.

    --Jerry
  • derrybderryb Posts: 37,024 ✭✭✭✭✭
    Capitalism and free enterprise. Let the market set the price (if we don't, someone in Washington will).

    The one drawback I do see with today's action is that there are a lot of collectors out there who tried but were not able to take advantage of a mint offering at a mint price. The mint let them down by not limiting sales to one per household.

    Exit bunker, enter Matrix. LOL

  • crypto79crypto79 Posts: 8,623 ✭
    There has to be limits because in a pure free market the people with food could say "hey pay us way too much or you starve". The only difference is where different people want to draw the limits
  • 123cents123cents Posts: 7,178 ✭✭✭
    I see flipping as selling at the average going price. I see scalping as trying to sell at double the going price or above.
    image
  • commacomma Posts: 1,528 ✭✭✭
    i don't really see a difference between scalping a flipping...or anything wrong with either.
    There are always people who are willing to buy things to resell them, and always people willing to buy things at a "premium". Just as someone who decides they want a ticket at the last minute buys from you (the scalper), these sets are the same. Someone who didn't want to or couldn't fight to get one out of the gate will be willing to pay a little extra to not have to deal with all the rest.
    The people who bought them either had the insight, the time, the energy, etc...and are essentially getting paid for that.
    No one will be forced to buy these sets for double what they sold for today (or more)...but they will, all day long.

    That is any resale business. Anything you buy at Walmart is being "flipped" etc etc.

    There's been a few people complaining that flippers are greedy. That is just insane. If someone wants to tell me that they wouldn't want to make some money on something they know more about than someone else, (or love dealing in), then go for it. They are either jealous because they don't have the initial investment to pay for something and resell it, or they don't understand simple business...
    Why shouldn't coin collectors be the ones re-selling coins? Someone is going to do it. Dealers don't typically get attacked for reselling...and they are "scalping" more than a casual collector.
    If you don't like flipping, don't do it.
    If you can do it, then go for it image

    my 2c

  • MaineJimMaineJim Posts: 749 ✭✭✭✭✭


    << <i>The one drawback I do see with today's action is that there are a lot of collectors out there who tried but were not able to take advantage of a mint offering at a mint price. The mint let them down by not limiting sales to one per household. >>



    I agree and would have been fine with a limit of one or two per household. The flipping frenzy is entertaining though.

    Jim
  • PinkFloydPinkFloyd Posts: 1,762 ✭
    As we've seen with other things and the internet, a lot of walls have come down. Us common folk have access to small buyers and sellers across the country--using ebay and the like--that we never had before. This makes every little guy able to be a "dealer" of sorts if they wish. No problems there, though some folks do go a little off the deep end.

    I agree---if the Mint made any mistake with the set, it was not limiting HH limits a bit more.
    Successful transactions with keepdachange, tizofthe, adriana, wondercoin
  • crypto79crypto79 Posts: 8,623 ✭
    I for one hope the Mint makes another 100000 of them so the people who truly want one won't have to pay 500$ to get one.
  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭


    << <i>I for one hope the Mint makes another 100000 of them so the people who truly want one won't have to pay 500$ to get one. >>



    It will never happen as the mint has a "contract" with us on the mintage.

    Why do you hope people and business break their "contracts" ?



  • tjc2120tjc2120 Posts: 714 ✭


    << <i>I for one hope the Mint makes another 100000 of them so the people who truly want one won't have to pay 500$ to get one. >>



    I don't think you should always be able to get what you want. But, I think if you try, you may sometimes be able get what you like. To me that's the essence of collecting.
    "spot on my UHR, nevermind, I wiped it off"
  • BAJJERFANBAJJERFAN Posts: 31,097 ✭✭✭✭✭


    << <i>I for one hope the Mint makes another 100000 of them so the people who truly want one won't have to pay 500$ to get one. >>



    The mint should have sold them for $600 at one per household. That way everyone would have gotten scalped and those who wanted one would have gotten one. imageThe mint is the one who left a chitload a money on the table.
    theknowitalltroll;
  • joefrojoefro Posts: 1,872 ✭✭


    << <i>

    The one drawback I do see with today's action is that there are a lot of collectors out there who tried but were not able to take advantage of a mint offering at a mint price. The mint let them down by not limiting sales to one per household. >>



    I agree with everything you've said, and there is an exact parallel to the concert tickets. The concerts I am talking about sell out within a couple of hours, and not everyone who buys a ticket off a scalper was lazy and waited to the last minute, as another poster inferred. I have been on the other side of the coin, where I sit there reloading for 2 hours and never get a ticket and have to buy one on eBay, just like many tried and didn't get an ASE set today. Most Ticketmaster shows have a limit of 4 or 8 and you also hear blaming Ticketmaster for letting them down at times. And for the person who said the difference is if you sell for double face value or more.... if these ASE sets start going for over $600 should we start calling ourselves coin scalpers?
    Lincoln Cent & Libertad Collector
  • BochimanBochiman Posts: 25,423 ✭✭✭✭✭


    << <i>

    << <i>I for one hope the Mint makes another 100000 of them so the people who truly want one won't have to pay 500$ to get one. >>



    It will never happen as the mint has a "contract" with us on the mintage.

    Why do you hope people and business break their "contracts" ? >>




    Why do you state false conclusions? The mint has stated that they will have a minimum of 100,000 sets. They could make more and NOT break any "contract".

    I don't mind the capitalism part, and I don't mind the normal flipping. I, too, feel for those that wanted these, for their own collections, and were locked out. For some of those that think that "oh well...if someone wants one bad enough, they will buy them at a higher price", while that is true for a lot of it, there will be those with more fixed income than many on these forums who would stretch to meet $300 but may not be able to stretch for that $500+. THOSE are the folks I feel sorry for.

    May those who believe that everyone whol really wants one will pay the higher prices never become one of those without the money to do so.....I was there before, for a long time. It isn't a nice place to be image

    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

  • notwilightnotwilight Posts: 12,864 ✭✭✭
    So the mint hasn't stated that the maximum is 100,000 sets, right? The mintage is 100,000 now but I've heard rumblings that there is a slight possibility that they might mint more.

    If they did state that the MAX mintage is 100,000, then I would agree that they could not make more as those who have bought them based on the mint statement would lose money. That type of statement and followup action would be very illegal in a stock market situation for example.

    But the (very minor) risk that the mint could announce they will make more is a reason to presell on ebay and a risk that buyers are taking.

    --Jerry
  • commacomma Posts: 1,528 ✭✭✭


    << <i>

    << <i>

    << <i>I for one hope the Mint makes another 100000 of them so the people who truly want one won't have to pay 500$ to get one. >>



    It will never happen as the mint has a "contract" with us on the mintage.

    Why do you hope people and business break their "contracts" ? >>




    Why do you state false conclusions? The mint has stated that they will have a minimum of 100,000 sets. They could make more and NOT break any "contract".

    I don't mind the capitalism part, and I don't mind the normal flipping. I, too, feel for those that wanted these, for their own collections, and were locked out. For some of those that think that "oh well...if someone wants one bad enough, they will buy them at a higher price", while that is true for a lot of it, there will be those with more fixed income than many on these forums who would stretch to meet $300 but may not be able to stretch for that $500+. THOSE are the folks I feel sorry for.

    May those who believe that everyone whol really wants one will pay the higher prices never become one of those without the money to do so.....I was there before, for a long time. It isn't a nice place to be image >>



    Um, they never said a MINIMUM of 100,000 sets...they said a SET mintage..which means maximum, not minimum...
    And legally, that is a "verbal" contract of sorts. People paid the $300 price based on that mintage, obviously. I highly doubt they would break that and risk whatever legal repercussions that could come.
    I'm confused
  • clackamasclackamas Posts: 5,615 ✭
    IMO, scalping has way more risk, and as such demands a higher rick premium (e.g. read price differential). Neither reselling coins, concert tickets, stocks or warrants are really any different. I would liken concert tickets more to very short term stock options, and they must command a higher premium to be worthwhile in dealing with as a professional seller. Hence the reason most of the dealers are hoods on the street. In the end they probably take a large bath, hence why they are near homeless. Coin flipping from the mint has a much more limited downside, and bare minimum you have the coins at face value, or with bullion a melt value. Your upside as a flipper is what the market will bear, and it is very transparent, not too much unlike the stock market. There is however risk involved, especially now, vs. a few years ago. Today you have a 7 days return of coins to the mint, not too long ago you had a year. For the majority of the last 30 years this was a non issue but now with volatile commodity markets the float could be significant with large sums of money and bullion.

    With the advent of a ready made and liquid market (EBay) many who would otherwise have not had a ready market to "flip" something, now have an avenue. This has cut out many of the wholesalers, or at least reduced their margins. In the end its a win for the collector. It is much better to have 2000 selllers of an item vs. 20. Of course in my own humble opinion.
  • CoinCrazyPACoinCrazyPA Posts: 2,899 ✭✭✭✭
    Product Limit: 100,000 per US Mint website, no minimum here.
    Positive BST transactions: agentjim007, cohodk, CharlieC, Chrischampeon, DRG, 3 x delistamps, djdilliodon, gmherps13, jmski52, Meltdown, Mesquite, 2 x nibanny, themaster, 2 x segoja, Timbuk3, ve3rules, jom, Blackhawk, hchcoin, Relaxn, pitboss, blu62vette, Jfoot13, Jinx86, jfoot13,Ronb

    Successful Trades: Swampboy,
  • savoyspecialsavoyspecial Posts: 7,292 ✭✭✭✭
    this is one of the pitfalls when you collect modern, current-release issues



    if it irks you enough, change your collecting niche

    www.brunkauctions.com

  • SereneDudeSereneDude Posts: 374


    << <i>

    << <i>

    << <i>I for one hope the Mint makes another 100000 of them so the people who truly want one won't have to pay 500$ to get one. >>



    It will never happen as the mint has a "contract" with us on the mintage.

    Why do you hope people and business break their "contracts" ? >>




    Why do you state false conclusions? The mint has stated that they will have a minimum of 100,000 sets. They could make more and NOT break any "contract". >>



    From the Mint's product page: "2011 American Eagle 25th Anniversary Silver Coin Set – Product Limit: 100,000"
  • fishcookerfishcooker Posts: 3,446 ✭✭
    Scalping and flipping are no different. The only one I don't like is the tax cheat.
  • khaysekhayse Posts: 1,336 ✭
    > The one drawback I do see with today's action is that there are a lot of collectors out there who tried but were not able to take advantage of a mint offering at a mint price. The mint let them down by not limiting sales to one per household.

    Exactly, either build a website that doesn't suck or limit it to 1 per household for the first 24/48 hours.

    -Keith
  • messydeskmessydesk Posts: 20,025 ✭✭✭✭✭
    When I think scalping, I think of event tickets that have a hard deadline for the transaction -- buying one after the event is not an option, and selling one afterward is not possible. Flipping purchases does not present such a deadline to a potential purchaser. Perhaps not much of a difference, but one I could come up with, anyway.

    While I did get my order placed with visions of Obscene Profit™ dancing in my head (or at least the sweet deal segoja offered), I agree that it should have been obvious to the mint and those writing the enabling legislation that there'd be a run on these with the 100,000 set limit.

    If they do figure out how to make more of the 2011-S and Reverse Proof™ eagles, there'll be a lot of people that will be "haftin' to be uproared."
    John
    Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Scalping is illegal in some states... not all. That would be a major difference. The process though, is the same. Just more sports fans than there are coin collectors, so scalping (in some states) was made illegal. It still goes on though, even where it is illegal. Cheers, RickO
  • thenibblerthenibbler Posts: 147 ✭✭
    Scalping or flipping, you make the call. I have bought concert tickets as well as playoff football and basketball tickets well below
    face value at the venue from these "so-called" scalpers. That can also be said for mint issued products after the new or"hype" wears
    off. I suggest taking your profit while the getting is good.
  • pontiacinfpontiacinf Posts: 8,915 ✭✭
    Bought n sold many of tix as Ive been a broker for 25+ years

    there is no comparision here whatsoever

    and your no where near scalper status.
    image

    Go BIG or GO HOME. ©Bill
  • crypto79crypto79 Posts: 8,623 ✭
    I don't have a problem with mint issues like the 95w, Buff fractionals and the HHR where everybody got a shot and once the window closed the market reacted but this arbitrary mintage limit and then everybody buying 5 for the sole reason to flip is predatory> As for people breaking contracts, I don't care about contracts I just don't like it when normal people get the short end but I know you have no such reservations so I guess we are just different kind of people with some of us being better than others.

    For future reference Errorsinjudjemnt, please keep my name and actions off of your topics. Your weird man crush, stalker vibe is creepy and not appropriate in a public forum.

    This is the last time I will ever respond to your buffoonery here on CU.
  • shorecollshorecoll Posts: 5,445 ✭✭✭✭✭
    The whole system around this is flawed and unfair IMHO, but it is what it is. I told several (off-line) collectors about these sets or they never even would have known about the sale, the limits or anything else. Even at one per household they would have sold out yesterday, so the people ordering today would still be upset and the old-timers trying to order from a mailed Mint flyer would get laughed at. If they had a modern order entry system (think Amazon) they would likely have sold out in an hour, so anyone who went to lunch would still have missed out. An announcement from the Mint said they are putting in a new system...so wait and hear the screams the next time they offer a demand item with such a limited release. I think either an unlimited mintage or publishing the mintage a year later would solve most of this, or at least create new problems.

    edit for 2 typos.
    ANA-LM, NBS, EAC
  • MetalsmanMetalsman Posts: 2,064 ✭✭✭

    Posted by ErrorsOnCoins.


    << <i>

    << <i>

    << <i>

    << <i>I for one hope the Mint makes another 100000 of them so the people who truly want one won't have to pay 500$ to get one. >>



    It will never happen as the mint has a "contract" with us on the mintage.

    Why do you hope people and business break their "contracts" ? >>



    Posted by Bochiman.
    Why do you state false conclusions? The mint has stated that they will have a minimum of 100,000 sets. They could make more and NOT break any "contract". >>



    Posted by comma.
    From the Mint's product page: "2011 American Eagle 25th Anniversary Silver Coin Set – Product Limit: 100,000" >>





    Now you guys cant be going around telling Bochiman he is wrong!!! he never is... at least in his mind.
    Mimage

    But just to let you know.. from the mint website...
    the number of orders we have taken meets the... "maximum"... limit for the 2011 American Eagle 25th Anniversary Silver Coin Set. You may still place an order for this product, which will go on a waiting list. If a product becomes available due to an order cancellation, we will fulfill orders from the waiting list on a first-in, first-served basis. We cannot provide information about your position on the waiting list.

  • crypto79crypto79 Posts: 8,623 ✭


    << <i>Posted by ErrorsOnCoins.


    << <i>

    << <i>

    << <i>

    << <i>I for one hope the Mint makes another 100000 of them so the people who truly want one won't have to pay 500$ to get one. >>



    It will never happen as the mint has a "contract" with us on the mintage.

    Why do you hope people and business break their "contracts" ? >>



    Posted by Bochiman.
    Why do you state false conclusions? The mint has stated that they will have a minimum of 100,000 sets. They could make more and NOT break any "contract". >>



    Posted by comma.
    From the Mint's product page: "2011 American Eagle 25th Anniversary Silver Coin Set – Product Limit: 100,000" >>





    Now you guys cant be going around telling Bochiman he is wrong!!! he never is... at least in his mind.
    Mimage

    But just to let you know.. from the mint website...
    the number of orders we have taken meets the... "maximum"... limit for the 2011 American Eagle 25th Anniversary Silver Coin Set. You may still place an order for this product, which will go on a waiting list. If a product becomes available due to an order cancellation, we will fulfill orders from the waiting list on a first-in, first-served basis. We cannot provide information about your position on the waiting list. >>



    Why take an unnecessary dig at Bochiman?
  • Manos73Manos73 Posts: 90
    Scalping is an act that occurs around a specific event. Tickets become more valuable the closer to the event but afterwards have no value.

    Coin flipping implies a quick transaction of a commodity. In this case a commodity with numeristic value. There is no expiration date. The people who are forced to buy from the secondary market can time their transactions.

    The people who buy from coin flippers also want to participate in the anticipated increase of value that comes from ownership of that specific coin. The increase in cost from a flipper is a transaction cost to coin ownership. Maybe not today or tomorrow but at some point they or their heirs will want to sell that coin; hopefully for a profit.
    "I'll believe it's a crisis when the people who keep telling me it's a crisis start acting like it's a crisis." Glenn Reynolds
  • MetalsmanMetalsman Posts: 2,064 ✭✭✭


    << <i>

    << <i>Posted by ErrorsOnCoins.


    << <i>

    << <i>

    << <i>

    << <i>I for one hope the Mint makes another 100000 of them so the people who truly want one won't have to pay 500$ to get one. >>



    It will never happen as the mint has a "contract" with us on the mintage.

    Why do you hope people and business break their "contracts" ? >>



    Posted by Bochiman.
    Why do you state false conclusions? The mint has stated that they will have a minimum of 100,000 sets. They could make more and NOT break any "contract". >>



    Posted by comma.
    From the Mint's product page: "2011 American Eagle 25th Anniversary Silver Coin Set – Product Limit: 100,000" >>





    Now you guys cant be going around telling Bochiman he is wrong!!! he never is... at least in his mind.
    Mimage

    But just to let you know.. from the mint website...
    the number of orders we have taken meets the... "maximum"... limit for the 2011 American Eagle 25th Anniversary Silver Coin Set. You may still place an order for this product, which will go on a waiting list. If a product becomes available due to an order cancellation, we will fulfill orders from the waiting list on a first-in, first-served basis. We cannot provide information about your position on the waiting list. >>



    Why take an unnecessary dig at Bochiman? >>



    Just pointing out the hypocrisy..... and wrong stament he made to the mintage.. JMHO.. not a dig at all. However its clear that ErrorsOnCoins and comma where correct in their statements.
  • EggerEgger Posts: 421 ✭✭
    Then are dealers, both flippers and scalpers image
    EBay ID = Disc2tech
  • BochimanBochiman Posts: 25,423 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Posted by ErrorsOnCoins.


    << <i>

    << <i>

    << <i>

    << <i>I for one hope the Mint makes another 100000 of them so the people who truly want one won't have to pay 500$ to get one. >>



    It will never happen as the mint has a "contract" with us on the mintage.

    Why do you hope people and business break their "contracts" ? >>



    Posted by Bochiman.
    Why do you state false conclusions? The mint has stated that they will have a minimum of 100,000 sets. They could make more and NOT break any "contract". >>



    Posted by comma.
    From the Mint's product page: "2011 American Eagle 25th Anniversary Silver Coin Set – Product Limit: 100,000" >>





    Now you guys cant be going around telling Bochiman he is wrong!!! he never is... at least in his mind.
    Mimage

    But just to let you know.. from the mint website...
    the number of orders we have taken meets the... "maximum"... limit for the 2011 American Eagle 25th Anniversary Silver Coin Set. You may still place an order for this product, which will go on a waiting list. If a product becomes available due to an order cancellation, we will fulfill orders from the waiting list on a first-in, first-served basis. We cannot provide information about your position on the waiting list. >>



    Why take an unnecessary dig at Bochiman? >>



    Just pointing out the hypocrisy..... and wrong stament he made to the mintage.. JMHO.. not a dig at all. However its clear that ErrorsOnCoins and comma where correct in their statements. >>




    I'm fine being wrong if I am. I think you are still stinging from your Precious Metals thread where 99.9999% of the people thought you were wrong at your public attack on someone who didn't do a deal the way you wanted.

    For this, I stated "wrong" because previously there were published statements saying a minimum of 100,000 sets. It led to a lot of speculation that the mint may make more. Saying a product limit of 100k is not, to me, a declarative "and there will be NO MORE after that" type of statement, from an entity like that mint.
    Unless, and until, the USMint makes such a declarative statement, then I think that anyone saying differently is wrong to believe it. While I agree that it is most unlikely to be more than 100k minted/sold, and I have bought my sets as well so I am hoping it stays at 100k, I would not bet my life on it.

    That said, I think it is too late in the year, and they will be switching to 2012 minted SAEs soon, to release the bullion ones in January, as they have done in the past, and I think these are done and minted. Again though, I don't think saying there is a contract with us is a legit call.

    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

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,404 ✭✭✭✭✭
    $300 for $165 worth of silver image
    I think it's production and marketing, not flipping and scalping.

    Oh, you're referring to the secondary market that dictates the real value. image
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    The price is, IMO, outrageous. Cheers, RickO
  • TommyBTommyB Posts: 676
    When I read the US Mint description, it says "Product Limit 100,000". Don't know where this minimum talk comes from.
  • pennyanniepennyannie Posts: 3,929 ✭✭✭
    Luck and greed IMO. The good money was in the world series tickets. I did not even go to the games at arlington due to selling my tickets. I watched the games on TV while i was internet shopping with the money from the seats. Bought a hi grade Browning M71 and a S&W pistol. Those i will have longer than the 3 hour tickets.

    Mark
    NGC registry V-Nickel proof #6!!!!
    working on proof shield nickels # 8 with a bullet!!!!

    RIP "BEAR"
  • MetalsmanMetalsman Posts: 2,064 ✭✭✭


    << <i>When I read the US Mint description, it says "Product Limit 100,000". Don't know where this minimum talk comes from. >>



    Well the talk come from a SUPERIOR poster to this thread.... without a clue... shoots mouth and raises his post count [COOL!].... but hold on they may make more according to him... and everyone will be happy too!image
  • crypto79crypto79 Posts: 8,623 ✭


    << <i>

    << <i>When I read the US Mint description, it says "Product Limit 100,000". Don't know where this minimum talk comes from. >>



    Well the talk come from a SUPERIOR poster to this thread >>



    Superior to some for sure image
  • KaelasdadKaelasdad Posts: 1,232 ✭✭✭
    sometimes these discussion confuse me. We don't complain about $4 water at the country fair, or a $12 beer at a game, or $300 tickets to see someone sing from 50 yards away--but when almost everyone has the same opportunity to buy something at the same price--and all they have to do is make arrangements ahead of time to either have a phone or a computer and a lucky rabbits foot--i don't see why anyone is the bad guy.

    The mint placed a limit. They placed rules of engagement, they placed order maximums--and then opened the gates.

    We complain all the time about how virtually EVERY regular mint issue of the last 50 years is over minted, over valued and a piece of junk--so when the mint allows something to be truly collectible, we complain again that how unfair it is, and that everyone should have at least one--The mint reads these boards--and when they throw a bone to the collectors, we whine and complain--its easier for them to just mint 2 billion worthless pieces of metal and not deal with us.

    What will make everyone happy? I'm all ears

    Personally, I dont mind the hoops they make us jump through for some things--its an even playing field, you know the rules, you know your price, and off you go. Id prefer to have something exciting once a year than junk after junk after junk. The only reason some of the recent stuff has value is mint errors--which they say they dont make or release--or items tied to the price of their metals--which the mint has nothing to do with.


    So, to the mint, I say Thank you, Sir, may i have another! of something else, not more of these or lower limits or whatever will please everyone.
  • DoubleEagle59DoubleEagle59 Posts: 8,333 ✭✭✭✭✭
    It's a free market system that relies on Supply and Demand.

    No problem from me if you're going to make some profit.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • MetalsmanMetalsman Posts: 2,064 ✭✭✭


    << <i>

    << <i>

    << <i>When I read the US Mint description, it says "Product Limit 100,000". Don't know where this minimum talk comes from. >>



    Well the talk come from a SUPERIOR poster to this thread >>



    Superior to some for sure image >>



    I'm sure he is your Superior.... the color of yor nose is showing!image
  • PokermandudePokermandude Posts: 2,713 ✭✭✭
    I think the closest analogy is like an Initial Public Offering (of stock). Once all the shares are sold, the market will set a new price (sometimes lower, often higher). The mint set their price and number of "shares". They sold. Now it's free market time!
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
  • BochimanBochiman Posts: 25,423 ✭✭✭✭✭


    << <i>sometimes these discussion confuse me. We don't complain about $4 water at the country fair, or a $12 beer at a game, or $300 tickets to see someone sing from 50 yards away. >>



    Oh, yes I do image
    I am so cheap on things that I refuse to pay to see sporting events (hey...most of them are on TV and those guys make enough money as is), pay for snacks or drinks in the movies (that's what pockets and stopping at the grocery store first, are for.....assuming I even pay for the movies instead of waiting for them or paying a small fee to watch at home instead of 3 tickets at the movies (the actors make enough without me supporting them)), etc.
    image

    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

  • khaysekhayse Posts: 1,336 ✭
    > We don't complain about $4 water at the country fair, or a $12 beer at a game, or $300 tickets to see someone sing from 50 yards away--but when almost everyone has the same opportunity to buy something at the same price--and all they have to do is make arrangements ahead of time to either have a phone or a computer and a lucky rabbits foot--i don't see why anyone is the bad guy.

    Dude, I do nothing BUT complain about those things. image

    And I made arrangements. I sat clicking reload for 5 hours...

    -Keith
  • pennyanniepennyannie Posts: 3,929 ✭✭✭
    There is no way to please everyone, so as long as i am happy i could care less about the rest of you. I am picking my Browning M71 up in the morning compliments of a father/son duo that just had to see the game in person. ( personally i thought the tickets were not that good)


    My mother in law got 5 so i ended up with a free one anyway. lol
    Mark
    NGC registry V-Nickel proof #6!!!!
    working on proof shield nickels # 8 with a bullet!!!!

    RIP "BEAR"
  • Type2Type2 Posts: 13,985 ✭✭✭✭✭


    << <i>There is no way to please everyone, so as long as i am happy i could care less about the rest of you. I am picking my Browning M71 up in the morning compliments of a father/son duo that just had to see the game in person. ( personally i thought the tickets were not that good)


    My mother in law got 5 so i ended up with a free one anyway. lol >>

    imageI like this guy tells it like it is. I know if I could have pickeded up more I would have but it was tuff.


    Hoard the keys.

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