Poll - 2016 Gold Mercury - was it profitable for flippers?

Comments

• jwitten Posts: 5,231 ✭✭✭✭✭

  June 9, 2016 11:19AM

  Bought several boxes... shipped to friends, etc. Sold quickly for a healthy profit.

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• messydesk Posts: 20,291 ✭✭✭✭✭

  June 9, 2016 12:02PM

  I committed a batch for a small profit before they went on sale. Had my hands washed of them before they even showed up. Can't complain about that.

  John
  Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution

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• BillJones Posts: 34,778 ✭✭✭✭✭

  June 9, 2016 12:28PM

  The flippers made money, but the people who bought them from the flippers won't make any. They will lose in the end. The mintage is too high, and the details on the coin are too weak. The coin looks like Mercury dime with a mediocre strike. The mint could at least put split bans in the design.
  

  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 ... ?

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• bestday Posts: 4,242 ✭✭✭✭

  June 9, 2016 2:45PM

  Originally posted by: BillJones
  The flippers made money, but the people who bought them from the flippers won't make any. They will lose in the end. The mintage is too high, and the details on the coin are too weak. The coin looks like Mercury dime with a mediocre strike. The mint could at least put split bans in the design.
  

  
  
  
  Mint became new flippers, made money ...taking most of after market premium up front at Mint 1st day price
  

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• grote15 Posts: 29,816 ✭✭✭✭✭

  June 9, 2016 3:22PM

  Bought three and sold two netting $280 each after ebay fees~probably should have sold all 3 but I wanted one for my collection and I wound up paying about $60 for the one I kept.

  
  
  Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.

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