<< <i>so when someone spends their money on something, speculating that a buck can be made, they are considered a parasite ? what do you call all the people living on welfare ?? >>
<< <i>"...I would give anything, including the upcharge for the Kanani doll, to see her as that little girl again. "
I feel the very same way about my son….they grow up so very quickly. Gotta enjoy the young years while they last as they fly by way too fast! >>
ain't it the truth? My little ones are 9 and 6 1/2, some of the old timers here may remember their birth announcement threads. I took a job that mostly works from home in order to spend as much time as possible with them while I can. Growing up a latchkey kid will do that to a guy.
Back the the subject of flipping, there can be value added in the form of arbitrage of moving items from space of lesser to greater demand, and adding value in buying in bulk wholesale and selling in smaller lots retail, and in finding other ways to satisfy mutual needs that defines capitalism. Might as well say that humans are a society of flippers, and the currency is time. Dollars or euroes or yen or whatever are just the proxies.
<< <i>so when someone spends their money on something, speculating that a buck can be made, they are considered a parasite ? what do you call all the people living on welfare ?? >>
Government employees. >>
Silver spoon citizens, and post of the millennium.
<< <i>so when someone spends their money on something, speculating that a buck can be made, they are considered a parasite ? what do you call all the people living on welfare ?? >>
Government employees. >>
You're not a smart kid/troll >>
Truth hurts, huh sonny/troll? Couldn't make it in the real world so you get a government handout for doing nothing.
Everyone knows you didn't have the brains to compete on the outside. Your posts are prima facie evidence of this indisputable fact. Give it up, you bring nothing.
<< <i>Have we devolved into a society in which we have large numbers of people who do nothing but make retail purchases of limited edition products and mark up the price for a living, adding no real value to the process? >>
While we have a large number of people that do that, I don't know that it's a particularly new phenomenon. The internet has just made it easier to see. >>
I think you're right. Some of the most wealthy and powerfully people in history were nothing more than flippers, i.e. John Jacob Astor, the first multi-millionaire in the U.S., who made his fortune simply by buying and selling fur. >>
Very interesting. Didn't go back and read all of the older posts so sorry if redundant.
Another obvious "value" that flippers add is that you pay them for the going through the PITA of having to order some very limited mintage coins - or other items in the case of other flippable goods - so you don't have to.
I was recently at dinner with my family after having worked for 12 hours. I very much wanted to purchase a Hera Goddess of Olympus coin from the Perth Mint. So, about 20 minutes prior to 09:00 in the Perth Mint's Aussie time zone I got up, got on the smart phone and spent 50 minutes ordering only to get stuck on step 7 of a multi-step process. I was later given the email of a Perth Cust Svc rep who finally got my order straight. Instead of ruining dinner and and dealing with the whole hassle I could have simply spent 1 minute on Feebay and bought one with the immediate $100 markup which they were selling for and been done with it. In the end, I would have been better off paying someone else to have ordered immediately, waited in the virtual Perth line, etc.
Flippers are also paid to take risks. I have flipped modern US and Foreign coins for about 7 years. I've done very well on some and lost on others much as any flipper. When one buys a coin or other very popular, limited supply collectable which has quickly sold out from a flipper one is also paying for the flipper's risk. Most flippers have purchased no-brainer items to flip which were not so no-brainer after all. We don't hear much about this from those who don't like flippers. What's an obvious huge flip in hindsight is not always nearly so obvious when the item is available. The flipper has to lay the money out up front and hope that he or she is right.
As was pointed out prior, flippers also increase the profile of some items thus adding real dollar value.
I also think that many coin flippers are like myself - part collector part "investor/flipper". I for one have put money made on great flips (the great issues of '08, etc) back into the hobby to buy some nice currency, a few colonials, etc. This is money into the classics hobby from modern flipping.
Flipping is the free market at work - nothing wrong with that.
Those who pay the flipper premium clearly feel that the item is worth the premium. Those who fall prey to buying a flipper's hyped but not worth it item have not done their due diligence.
Comments
<< <i>
<< <i>so when someone spends their money on something, speculating that a buck can be made, they are considered a parasite ? what do you call all the people living on welfare ?? >>
Government employees. >>
You're not a smart kid/troll
I feel the very same way about my son….they grow up so very quickly.
Gotta enjoy the young years while they last as they fly by way too fast!
<< <i>"...I would give anything, including the upcharge for the Kanani doll, to see her as that little girl again. "
I feel the very same way about my son….they grow up so very quickly.
Gotta enjoy the young years while they last as they fly by way too fast! >>
ain't it the truth? My little ones are 9 and 6 1/2, some of the old timers here may remember their birth announcement threads. I took a job that mostly works from home in order to spend as much time as possible with them while I can. Growing up a latchkey kid will do that to a guy.
Back the the subject of flipping, there can be value added in the form of arbitrage of moving items from space of lesser to greater demand, and adding value in buying in bulk wholesale and selling in smaller lots retail, and in finding other ways to satisfy mutual needs that defines capitalism. Might as well say that humans are a society of flippers, and the currency is time. Dollars or euroes or yen or whatever are just the proxies.
Liberty: Parent of Science & Industry
<< <i>
<< <i>so when someone spends their money on something, speculating that a buck can be made, they are considered a parasite ? what do you call all the people living on welfare ?? >>
Government employees. >>
Silver spoon citizens, and post of the millennium.
``https://ebay.us/m/KxolR5
<< <i>
<< <i>
<< <i>so when someone spends their money on something, speculating that a buck can be made, they are considered a parasite ? what do you call all the people living on welfare ?? >>
Government employees. >>
You're not a smart kid/troll >>
Truth hurts, huh sonny/troll? Couldn't make it in the real world so you get a government handout for doing nothing.
Everyone knows you didn't have the brains to compete on the outside. Your posts are prima facie evidence of this indisputable fact. Give it up, you bring nothing.
+1
<< <i>
<< <i>
<< <i>Have we devolved into a society in which we have large numbers of people who do nothing but make retail purchases of limited edition products and mark up the price for a living, adding no real value to the process? >>
While we have a large number of people that do that, I don't know that it's a particularly new phenomenon. The internet has just made it easier to see. >>
I think you're right. Some of the most wealthy and powerfully people in history were nothing more than flippers, i.e. John Jacob Astor, the first multi-millionaire in the U.S., who made his fortune simply by buying and selling fur. >>
Very interesting. Didn't go back and read all of the older posts so sorry if redundant.
Another obvious "value" that flippers add is that you pay them for the going through the PITA of having to order some very limited mintage coins - or other items in the case of other flippable goods - so you don't have to.
I was recently at dinner with my family after having worked for 12 hours. I very much wanted to purchase a Hera Goddess of Olympus coin from the Perth Mint. So, about 20 minutes prior to 09:00 in the Perth Mint's Aussie time zone I got up, got on the smart phone and spent 50 minutes ordering only to get stuck on step 7 of a multi-step process. I was later given the email of a Perth Cust Svc rep who finally got my order straight. Instead of ruining dinner and and dealing with the whole hassle I could have simply spent 1 minute on Feebay and bought one with the immediate $100 markup which they were selling for and been done with it. In the end, I would have been better off paying someone else to have ordered immediately, waited in the virtual Perth line, etc.
Flippers are also paid to take risks. I have flipped modern US and Foreign coins for about 7 years. I've done very well on some and lost on others much as any flipper. When one buys a coin or other very popular, limited supply collectable which has quickly sold out from a flipper one is also paying for the flipper's risk. Most flippers have purchased no-brainer items to flip which were not so no-brainer after all. We don't hear much about this from those who don't like flippers. What's an obvious huge flip in hindsight is not always nearly so obvious when the item is available. The flipper has to lay the money out up front and hope that he or she is right.
As was pointed out prior, flippers also increase the profile of some items thus adding real dollar value.
I also think that many coin flippers are like myself - part collector part "investor/flipper". I for one have put money made on great flips (the great issues of '08, etc) back into the hobby to buy some nice currency, a few colonials, etc. This is money into the classics hobby from modern flipping.
Flipping is the free market at work - nothing wrong with that.
Those who pay the flipper premium clearly feel that the item is worth the premium. Those who fall prey to buying a flipper's hyped but not worth it item have not done their due diligence.
Only my 0.02 of course.