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What percentage of your coin purchases are intended to be flipped?

MoldnutMoldnut Posts: 3,113 ✭✭✭✭


About 10% of the time I'm thinking flip, but in reality, it ends up being only 2-4% that actually get moved for some reason or another.

Of course, a dealers percentage should be quite highimage
Derek

EAC 6024
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Comments

  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Almost all are subject to upgrade or sale if the price is right at this time, and I am not adverse to lateral improvements in the look of the coins I collect.
    Edit to add that even though I sell on eBay I still consider myself a collector and not a dealer.
    image
  • RYKRYK Posts: 35,799 ✭✭✭✭✭
  • LanLordLanLord Posts: 11,723 ✭✭✭✭✭
    0%

    that is never my intent
  • LogPotatoLogPotato Posts: 2,177 ✭✭✭✭
    I'm with LanLord.
  • NumisOxideNumisOxide Posts: 10,997 ✭✭✭✭✭
    Rarely do I buy something to flip. Sometimes I buy something to flip and I end up keeping it because I like it so much.image
  • pursuitoflibertypursuitofliberty Posts: 7,260 ✭✭✭✭✭
    Pretty much with LanLord on this one. Sometimes I buy an extra, or two, or three with the thought I'll compare them all and sell the duplicates, but I almost never do so.

    “We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”

    Todd - BHNC #242
  • STONESTONE Posts: 15,275
    5%?
  • MrHalfDimeMrHalfDime Posts: 3,440 ✭✭✭✭
    "0%

    that is never my intent"

    Ditto for me as well.
    They that can give up essential Liberty to obtain a little temporary safety deserve neither Liberty nor safety. Benjamin Franklin
  • GrumpyEdGrumpyEd Posts: 4,749 ✭✭✭
    Zero, I never planned any flipping.

    Ed
  • bigjpstbigjpst Posts: 3,171 ✭✭✭✭✭
    I'm with Lindedad on this one. Right now just about all of the coins I buy I intend to sell. Mostly because I have stalled in what direction I want my collection to go, and buying for resale has allowed me to learn about many different series and examine examples that I may not have been able to afford to keep for myself. I still consider myself a collector, but right now I have just as much fun buying and selling as I ever did just collecting.
  • stealerstealer Posts: 4,029 ✭✭✭✭
    Almost 100%
  • jayPemjayPem Posts: 4,082 ✭✭✭✭✭


    << <i>I'm with Lindedad on this one. Right now just about all of the coins I buy I intend to sell. Mostly because I have stalled in what direction I want my collection to go, and buying for resale has allowed me to learn about many different series and examine examples that I may not have been able to afford to keep for myself. I still consider myself a collector, but right now I have just as much fun buying and selling as I ever did just collecting. >>



    Me too.
    I'm very uncomfortable with the idea of buying a ton of stuff that I'm unable to get out of without taking a 50% loss... so, getting into the selling side has become mandatory.
    But I consider myself very much a collector, and don't really look at it as a way to make money.
  • chumleychumley Posts: 2,305 ✭✭✭✭
    as I get older,seems to be more pleasure in the finding than the keeping
  • jonathanbjonathanb Posts: 3,744 ✭✭✭✭✭
    In terms of purchases, maybe 50/50.

    In terms of items... I have no problems buying a big group if I see one or two pieces that I like. After I keep those one or two, I'm still leave with a lot. I'd say I'd be happy to flip 95% of what I buy if you count pieces individually.
  • LakesammmanLakesammman Posts: 17,447 ✭✭✭✭✭
    Small % - maybe 10% overall.

    Why - what do I have that you want?? image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    minuscule amount. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • droopyddroopyd Posts: 5,381 ✭✭✭
    Zero, I don't buy with an intent to sell immediately.
    Me at the Springfield coin show:
    image
    60 years into this hobby and I'm still working on my Lincoln set!
  • mozinmozin Posts: 8,755 ✭✭✭
    I don't buy coins to flip them. When I buy a coin I expect to keep it for a very long time.
    I collect Capped Bust series by variety in PCGS AU/MS grades.
  • DHeathDHeath Posts: 8,472 ✭✭✭
    0%. I don't sell coins. That policy makes me a more careful buyer.
    Developing theory is what we are meant to do as academic researchers
    and it sets us apart from practitioners and consultants. Gregor
  • PerryHallPerryHall Posts: 46,788 ✭✭✭✭✭
    Maybe 10%. I look to buy coins to keep but occasionally I'll see something that's not part of my collecting interest but is underpriced and I'll buy it and flip it to make some additional coin spending money. I never felt that dealers should be the only ones that are allowed to make a profit off coins. This doesn't include those occasional mint offerings that will obviously jump in value in the secondary market.

    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

  • PerryHallPerryHall Posts: 46,788 ✭✭✭✭✭


    << <i>0%. I don't sell coins. That policy makes me a more careful buyer. >>



    Actually, buying a coin to resell requires you to be more careful since you could be stuck with something you don't want if you can't flip it for a profit or you may have to sell it for a loss.

    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

  • CameonutCameonut Posts: 7,358 ✭✭✭✭✭
    For me it's changed.

    For 40 years the percentage was zero.

    Now that I am older, I am trying to sell much of what I have amassed so I'm setting up as one of those "wannabe" dealers at local shows. It's been a lot of fun learning how the guys on the other side of the table work. Although my intent is to sell, I do get offered material to buy. So now, since I have a ready venue, I am looking to buy and flip from time to time. But even so, I think the percentage is still below 20%.

    “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!

  • erickso1erickso1 Posts: 1,705 ✭✭✭
    Before I started on my commem set? Probably 30 - 40%.

    Once I narrowed my focus to the set, I will buy with the intention of eventual resell, but only if something that I like better is taking its place. So, I'm more of a swapper right now.
  • pmacpmac Posts: 3,189 ✭✭✭
    What a question! Personally I don't purchase coins to be flipped. I have been hyped to buy extra coins by these threads such as the pure copper 2009 Lincolns, an occasional mint set, but my purchases have been for my collection. Right now, no one in my family shows any interest, so maybe the answer is 100%.
    Paul
  • mbogomanmbogoman Posts: 5,231 ✭✭✭✭✭


    << <i>Almost all are subject to upgrade or sale if the price is right at this time, and I am not adverse to lateral improvements in the look of the coins I collect. Edit to add that even though I sell on eBay I still consider myself a collector and not a dealer. >>



    What he said. I am always looking to upgrade if the right deal comes along. I'm also always on the lookout for a good "flip", even for a coin that I already have. Invariably, the gains from the flip are plowed back into something that I'll keep. As for a percentage? It's hard to say, at least for non-moderns. For moderns, it's probably 90%...
  • BillJonesBillJones Posts: 34,741 ✭✭✭✭✭
    When I was a dealer, about 98%. Now, less than one tenth of one percent.

    I've had guys send me want lists, and I suppose I could try to fill them, but I'm just not much of a flipper these days.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • icsoccericsoccer Posts: 1,339 ✭✭✭
    90%+
    Successful BST transactions to date: Coindeuce, Cohodk, dantheman984, STONE, LeeG, jy8s, jkal, SeaEagleCoins, Hyperion, silverman68,Meltdown,RichieURich,savoyspecial,Barndog
  • ModCrewmanModCrewman Posts: 4,041 ✭✭✭✭✭


    << <i>as I get older,seems to be more pleasure in the finding than the keeping >>

    Chumlee nailed it for me...I'd guess about 80% of what I buy I intend to flip or sell in the short term. In my pursuit of 1950-70 cameo proofs it's hard to know what you have in the mint packaging until it's cut out and examined closely. I've been able to make some great high-end pieces by buying freely and examining under optimum conditions to see what I have. Of late I've been submitting multiples of the same date, keeping the highest grade one and moving the remainder. It has worked well for me so far.
  • Depends on how you measure:

    By quantity - 98%
    By value - maybe 5%


    I do tend to flip a lot of bottom feeder material and of course funnel those funds into coin purchases.
  • derrybderryb Posts: 37,598 ✭✭✭✭✭
    75% flippers pay for the 25% keepers.

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

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,548 ✭✭✭✭✭
    I buy to re=selll, not to flip.
    This is probably the biggest difference between a flipper and dealer.
  • nwcoastnwcoast Posts: 2,884 ✭✭✭✭✭
    Only about 1-2%
    I'm still sitting on a bunch of Buffs i picked up in a bargain bin at deep discount. My initial thought was to flip them on the Bay but I like the series too much to even part with them..

    Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014

  • For me, it's a rare event. I've done it a few times. I have purchased duplicates that I've felt were too undervalued to pass up. I usually develop an affection for the piece that works against the "flipping option," however. I think that I have the collecting bug too badly to be a really good coin dealer.
    "Clamorous for Coin"
  • PerryHallPerryHall Posts: 46,788 ✭✭✭✭✭


    << <i>I buy to re=selll, not to flip.
    This is probably the biggest difference between a flipper and dealer. >>



    Are you saying a dealer won't flip a coin for a 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

  • pmacpmac Posts: 3,189 ✭✭✭


    << <i>

    << <i>I buy to re=selll, not to flip.
    This is probably the biggest difference between a flipper and dealer. >>



    Are you saying a dealer won't flip a coin for a profit? >>


    semantics
    Paul
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,548 ✭✭✭✭✭


    << <i>Are you saying a dealer won't flip a coin for a profit? >>



    Nope, that's not what I'm saying. I'll take a loss if I have to, but that's not my intent.
  • seanqseanq Posts: 8,731 ✭✭✭✭✭


    << <i>75% flippers pay for the 25% keepers. >>




    This is roughly my goal, but I'm so bad about organizing and selling that in reality it is closer to 25% flipped and 75% kept.


    Sean Reynolds
    Incomplete planchets wanted, especially Lincoln Cents & type coins.

    "Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭


    ZERO!
  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭


    << <i>75% flippers pay for the 25% keepers. >>



    With keepers like your avatar, I say, "full flip ahead!"
  • MICHAELDIXONMICHAELDIXON Posts: 6,571 ✭✭✭✭✭
    99%
    Spring National Battlefield Coin Show is April 3-5, 2025 at the Eisenhower Hotel Ballroom, Gettysburg, PA. WWW.AmericasCoinShows.com
  • PerryHallPerryHall Posts: 46,788 ✭✭✭✭✭


    << <i>99% >>



    Spoken like a true coin dealer.image

    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

  • coinnutcoinnut Posts: 1,433 ✭✭✭✭✭
    0 %
  • Flip 0% but upgrades and the like will result in items getting sold.
  • Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭
    I flip quite a bit 90% of the coins I have perhaps, selling on Ebay to build funds to purchase coins I want to have in my collection.
  • TahoeDaleTahoeDale Posts: 1,785 ✭✭✭
    I am with Moziin, keeping what I buy for years.

    Exception would be finding an upgrade, and then selling the undergrade in an appropriate manner,
    usually to a fellow collector, or in an auction
    TahoeDale
  • Cougar1978Cougar1978 Posts: 8,759 ✭✭✭✭✭
    All are to be retailed.
    Coins & Currency
  • daOnlyBGdaOnlyBG Posts: 1,060 ✭✭
    Probably 85-95%. However, most of the coins I get are bullion anyway; the ones that aren't, I keep to trade up. I have a pretty focused group of coins that I like to keep- only certain toned American silvers, and only certain US gold dollars. I do appreciate all coins, though. If I wasn't a student and had a bigger income, I'd keep 60-70% of the coins I regularly come across.

    Some day!
    Successful BST transactions with: blu62vette, Shortgapbob, Dolan, valente151, cucamongacoin, ajaan

    Interests:
    Pre-Jump Grade Project
    Toned Commemoratives
  • PerryHallPerryHall Posts: 46,788 ✭✭✭✭✭
    Can we get a definition of "flip"? I always understood "flip" meant to buy a coin and then immediately sell it for a profit to someone who you know that collects or deals in that coin. Some of the responses here sound like what they are calling a flip is holding a coin for a much longer period of time and then selling it which is not flipping. Let's face it---we or our heirs will eventually sell our coins.

    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

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