Flip Slabbed Coins For Profit?

I learned a long time ago, this is a hobby for me and not an investment. Flipping coins or slabs is tough to do well.

That doesn't mean I want to over-spend on a coin and I definitely want a quality coin at a bargain price,

and, as a reasonably educated numismatist, I am willing to wait, shop around, and pounce when the time/quality is right!



Or, then again, sometimes,


I see what I want
and spend too much,


but...




then rejoice every time I gaze upon the "chosen one"!!




It makes it all worthwhile!!

Unfortunately it is the same way as making money flipping property and autos. Go on Craigslist , auctions , estate sales, find distressed people desperate for money, willing to sell their prized possessions for pennies on the dollar. Take advantage of them and then flip their desperation for profit. I know ...... I know, cynical and depressing.

About six years ago I was in desperate need of cash to keep my business afloat until the economy snapped back. I brought my coin collection and world silver collection to two different coin shops, one of which I had bought many of my coins from. They offered me spot for my MS 69 and 70 world silver , under spot for my MS 68's and pennies on the graysheet value of the rest. " take it or leave it "

Luckily I didn't take it or leave it and found other financing. Call it just business or what you will, but that is the way to make money flipping slabs.

I just put four MS 69/68 Panda,s on Craigslist last night . Some guy just emailed me this morning that he will give me $120.00 for the lot.

I am positive it would not work for me. I would want to keep everything.

Easier said than done.

WOW!Thanks for all the replies and info. to my original post. What about Gold (or silver) antiquated coins 10, 20, 50+ years ago as a short term coin investment? It would seem to me that a gold coin dated, say, 1900 would have a double valuation on it-the metal price and the collectible value price. Are these very profitable as a short term investment? Thanks, Dan

Dan, check Heritage Auctions for past deals. When gold fell to $300 an oz in the early 2000's the $20 pre33 gold coins fell to that as well. Gold coins (unless you are talking the high grade coins) follow spot plus some premium. The premium changes some but not a lot.

Really depends on the coin. Rare coins generally wont have huge price increases over night like that. Basically in those cases your potential for a short term investment will be tied to the precious metal market. If gold or silver goes up significantly you win, if it goes down you lose.