What do you do when you flip a hot modern issue?

Bochiman · November 8, 2011 1:57PM

For me, I am looking at the CRO site and drooling right now....
I may have to use some of the 25th annv flip funds to pay for a few things around the house, but, damn, I gotta admit I am looking at those pine tree examples or maybe that 1793 cent.....

ARGH! CRO....YOU ARE KILLING ME!!!!

AnkurJ · November 8, 2011 1:59PM

Pay off credit cards.

Bochiman · November 8, 2011 2:21PM

Nah, that's no fun

(I pay mine off each month...and have for at least 8 years and plan to keep them that way....debt free except the house and monthly accrued debt (child care, utilities, etc))

bretts911 · November 8, 2011 2:27PM

Well im planning on buying my first car soon.. so the money I make from my sets will help go toward that.

Raufus · November 8, 2011 2:32PM

<< For me, I am looking at the CRO site and drooling right now....
I may have to use some of the 25th annv flip funds to pay for a few things around the house, but, damn, I gotta admit I am looking at those pine tree examples or maybe that 1793 cent.....

ARGH! CRO....YOU ARE KILLING ME!!!! >>

Great topic!!

I use some to pay for a few keepers of whatever hot modern issue I bought, some to buy classic coins and currency and some to add to my firearms collection/go to shooting schools.

Edited to add: Modern haters take note: In just these few posts it is apparent that some, if not many, modern flippers buy classics with the proceeds. This all the more reason the I don't get the modern haters. We add interest and money to the classics hobby.

PinkFloyd · November 8, 2011 3:14PM

School loans!

Justlooking · November 8, 2011 3:18PM

Dang. I coulda used some extra cash.

Why didn't you people tell me about these things ahead of time?

123cents · November 8, 2011 3:22PM

Buy some killer type coins!

coasterfan · November 8, 2011 3:51PM

Two 1.5-pound Maine lobsters.

coinsarefun · November 8, 2011 3:57PM

<< For me, I am looking at the CRO site and drooling right now....
I may have to use some of the 25th annv flip funds to pay for a few things around the house, but, damn, I gotta admit I am looking at those pine tree examples or maybe that 1793 cent.....

ARGH! CRO....YOU ARE KILLING ME!!!! >>

Oh gawd I wish I could......I got my eyes on quite a few

Ah.....but not this time

Bills for mom and a few other things.......next time

Unles.......I get a few all 70 sets from PCGS
Then......hmmmm

Swampboy · November 8, 2011 4:14PM

I'm plannin' on practicing some alchemy.
I'm gonna turn some silver into gold.

leothelyon · November 8, 2011 7:39PM

The ASEs are certainly getting a lot of exposure here. PCGS has let everyone know they're ready to grade them. It won't be long before everyone can sell their newfound products on ebay and reap the rewards.

derryb · November 8, 2011 7:40PM

I'm gonna get my chickens first, then I'll count my eggs.

TwoSides2aCoin · November 8, 2011 8:51PM

Profits are used to keep the business afloat by purchasing more inventory. Modern or classic doesn't mattter. I bought an '89 CC Morgan just yesterday for $450. The guy would not sell for any lower. It's probably a VG 10. Not quite a "fine". One little ding in the obverse rim is noticeable, but otherwise it's a fairly decent collectible coin.

One thing I don't do is "hate" anyone or anything regarding coins. Flipping is part of the game and I'm happy for guys who know how to make a buck. And for guys who know how to turn silver into gold : I'm hiring.

ambro51 · November 8, 2011 9:42PM

when you look up the ebay completed auctions and every one has sold. Thats a hot market...you sell into that.

erickso1 · November 8, 2011 10:41PM

<< I'm gonna get my chickens first, then I'll count my eggs. >>

Chickens are a great idea. The gift that keeps on giving.

Good call Derry

Speedie · November 8, 2011 10:49PM

With the 2010 ATB 5oz coins I kept a set for myself free of charge, put funds aside for the 2010 "P" versions, then acquired a couple of very nice proof Kennedy Halves that I needed to complete a major set.

With these 25th ASE sets, I plan on getting a quality 12 piece gold type set started. That process will start with researching which of the components have dived the most in price over the last 3-5 years (in desirable grades) then seeing what's out there. Buy low, sell high.

ColonelKlinck · November 8, 2011 10:56PM

Chunk of daughter's college tuition for next semester.....

mbogoman · November 8, 2011 11:38PM

<< << For me, I am looking at the CRO site and drooling right now.... I may have to use some of the 25th annv flip funds to pay for a few things around the house, but, damn, I gotta admit I am looking at those pine tree examples or maybe that 1793 cent..... ARGH! CRO....YOU ARE KILLING ME!!!! >>

Great topic!! I use some to pay for a few keepers of whatever hot modern issue I bought, some to buy classic coins and currency and some to add to my firearms collection/go to shooting schools. Edited to add: Modern haters take note: In just these few posts it is apparent that some, if not many, modern flippers buy classics with the proceeds. This all the more reason the I don't get the modern haters. We add interest and money to the classics hobby. >>

Took the words right out of my mouth (except for the firearms collection - my only firearms are for defensive purposes, so I wouldn't call them a "collection")!

fiveNdime · November 9, 2011 3:37AM

we shall see. this would count as my first...

it'll be like being laid for the first time, excpet i get the coin

<< I'm gonna get my chickens first, then I'll count my eggs. >>

Egger · November 9, 2011 3:39AM

<< 

<< << For me, I am looking at the CRO site and drooling right now.... I may have to use some of the 25th annv flip funds to pay for a few things around the house, but, damn, I gotta admit I am looking at those pine tree examples or maybe that 1793 cent..... ARGH! CRO....YOU ARE KILLING ME!!!! >>

Great topic!! I use some to pay for a few keepers of whatever hot modern issue I bought, some to buy classic coins and currency and some to add to my firearms collection/go to shooting schools. Edited to add: Modern haters take note: In just these few posts it is apparent that some, if not many, modern flippers buy classics with the proceeds. This all the more reason the I don't get the modern haters. We add interest and money to the classics hobby. >>

Took the words right out of my mouth (except for the firearms collection - my only firearms are for defensive purposes, so I wouldn't call them a "collection")! >>

Dang same here, sell a few, keep a few, buy other non modern stuff, and guns. The ATB's bought me 3 guns free and clear, hoping to pickup another 1 or 2 off of the 25th

docg · November 9, 2011 3:40AM

Buy upgrades for my registry sets!

GRANDAM · November 9, 2011 4:39AM

Severe depression usually sets in

When I sit around and think about how a once pleasurable hobby has turned me into nothing more than a money hungry,,,,, profit grabbing,,,,, modern coin flipper

GrandAm

lightcycler · November 9, 2011 4:54AM

Its my job to provide the best I can for my family. Being a money hungry flipper puts shoes on my baby. Well.......maybe thats taken care of with the day job but it puts more back for when this depression really takes hold.

airplanenut · November 9, 2011 5:10AM

I pull a bill or two off my stack of hundreds and use it to light a cigar as I sip a fine spirit by the fireplace.

Actually, it's all going into savings, like nearly every other cent I make that doesn't get converted into rent, food, or fuel.

notwilight · November 9, 2011 5:20AM

In another thread you referred to the flippers as "riff raff". Are you saying you're a participant? --jerry

shorecoll · November 9, 2011 5:47AM

Bochi...if you flipped enough to pay for that 1793...YOU SUCK!!!

[This is not an official YOU SUCK!!!, it is conditional, if it were an actual YOU SUCK!!! you would have been told where to turn for news and official information].

Bochiman · November 9, 2011 6:21AM

<< Bochi...if you flipped enough to pay for that 1793...YOU SUCK!!!

[This is not an official YOU SUCK!!!, it is conditional, if it were an actual YOU SUCK!!! you would have been told where to turn for news and official information].

>>

Leon,

I haven't flipped anything yet....still waiting on delivery. And, I doubt it will be enough for that, but it could be a nice chunk of it, eh?

More than likely, housing needs will come first and then I will siphon part of it into the coin funds.....but I did want to know what others do with theirs, since I think it is cool to possibly have an opportunity to buy some, get some free, and still have some money left over to buy some more fun

Speedie · November 9, 2011 6:35AM

Forgive my ignorance, but what/where is CRO please?

scotty1419 · November 9, 2011 6:48AM

I'm going to agree on the holding off until profits are in hand - buuuut, I'm eying getting a nice slabbed 63~ $10 Indian, keeping a set and throwing some extra in the saving account

--SAVINGS account??? Who uses those any more!

Bochiman · November 9, 2011 6:52AM

<< Forgive my ignorance, but what/where is CRO please?

>>

No problems. A couple of funny (but good) guys @ CRO
They are also on the boards and are great to chat with at coin shows or to buy product from.

Speedie · November 9, 2011 7:13AM

<< 

<< Forgive my ignorance, but what/where is CRO please?

>>

No problems. A couple of funny (but good) guys @ CRO
They are also on the boards and are great to chat with at coin shows or to buy product from. >>

I personally thank you for the explanation and link. My wallet, however, does not. Kid meet candy store!

MidLifeCrisis · November 9, 2011 7:20AM

<< Kid meet candy store! >>

timber100 · November 9, 2011 9:41AM

Wife want couch, love seat and temperpedic ? bed. I want a 70 set

Bochiman · November 14, 2011 6:28AM

<< Wife want couch, love seat and temperpedic ? bed. I want a 70 set >>

Hope you get a few 70 sets then

pmac · November 14, 2011 6:47AM

You folks really hype up new issues here and I end up buying one or two more than I need, thinking I'll flip them for profit. My flipping is more like flopping (sound like a certain Republican candidate for president?). I've ended up with one or two extra sets of certain issues in my collection, just waiting for the the price of them to come down so that I can sell them (much like my bullion exercises). I'm not biting your hype anymore and am now buying sets just for my collection so that my heirs can sell them. So there!!

kiyote · November 14, 2011 6:55AM

Amen! I'm thinking of flipping into a PCGS PR68 1995 W SAE proof-- no way I could justify the price otherwise.

Coinshowman · November 14, 2011 7:12AM

My son is using his 25th SAE set profit towards an engagement ring. I wish he'd bought 5 sets like I told him to, and not just one! Now if I only get the ones I ordered for myself after 4 PM...

Type2 · November 14, 2011 8:01AM

Keep on fliping!!!Buy sell buy sell buy sell till it stops.. then look at how much you made then go do as fit with the free $$$$. But that is just me Type2.

SeattleSlammer · November 14, 2011 12:57PM

Ron, I hear ya! I was drooling over that cool Zeppelin proof 5 Mark ..... totally not related to anything in my collection but man is it cool! ..... I mean really, does the clothes dryer really need replacing? It's called line drying.... apparently done successfully for centuries.

Fountainhead · November 14, 2011 1:11PM

<< I it's all going into savings, like nearly every other cent I make that doesn't get converted into rent, food, or fuel. >>

Wow, and we all used to think of you as the kid who spent all his savings on coins!

USMoneylover · November 14, 2011 1:40PM

I bought 3 sweeeeeet guns!!

NeoclassicalAnalyst · November 14, 2011 1:44PM

Buy more PCGS stocks, or just buy more GDX,
SWC will be a bigger winner if Palladium eagles fly

Manos73 · November 14, 2011 1:57PM

I need 2k to finish off First Spouse for this year. That collection is becoming a pain.

derryb · November 14, 2011 2:44PM

Convert it to gold/silver bullion. Then later convert some bullion to the next hot issue. Works like compounded interest. 10k five years ago now >400K.

What do you do when you flip a hot modern issue?

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