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Set Flippers' Profit Hopes Dashed - JFK Coin & Chronicles

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TheForce's Avatar
United States
4868 Posts
 Posted 09/29/2015  2:29 pm Show Profile   Bookmark this topic Add TheForce to your friends list Get a Link to this Message Number of Subscribers
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CSOTUS's Avatar
1153 Posts
 Posted 09/29/2015  4:26 pm  Show Profile   Bookmark this reply Add CSOTUS to your friends list Get a Link to this Reply
I knew the Kennedy would not do as well as the first 2 sets, but I was surprised it didn't sell out.
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Atlas642's Avatar
United States
562 Posts
 Posted 09/29/2015  6:03 pm  Show Profile   Bookmark this reply Add Atlas642 to your friends list Get a Link to this Reply
It's fascinating to think that the Prf-69 and MS-69 sets are priced cheaper than ungraded sets. It really shows how high of a price buyers are putting on graded 70 sets versus 69s.
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 09/29/2015  6:23 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
It's fascinating to think that the Prf-69 and MS-69 sets are priced cheaper than ungraded sets.


...which makes zero sense since every graded set can easily become a raw set.

Valued Member
United States
469 Posts
 Posted 09/29/2015  9:17 pm  Show Profile   Bookmark this reply Add Not Mint to Be to your friends list Get a Link to this Reply
So in other words the collectors that really wanted one can actually get one without being gouged by the flippers? :)
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captainrich's Avatar
United States
982 Posts
 Posted 09/29/2015  9:35 pm  Show Profile   Check captainrich's eBay Listings Bookmark this reply Add captainrich to your friends list Get a Link to this Reply
Does this "flip fail" mean there won't be a mad rush to order the Lyndon B. Johnson set on Oct. 27?
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TheForce's Avatar
United States
4868 Posts
 Posted 09/29/2015  9:45 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
I'm am out of the game of flipping after this blunder. Already returned my two sets to the mint. Still waiting for a refund. I decided the profit margin to be too low on these after ebay and PayPal fees.
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Cascade's Avatar
United States
7390 Posts
 Posted 09/29/2015  10:19 pm  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
DonT get put now force. At 25k odds are Johnson will sell out quick and give a decent profit. It's Regan that's the question because the mint has plenty of time to reflect on these sales and decide the mintage. It will be extreemly telling of how the mint can gauge it's consumer base.
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OldSkoolMadSkilz's Avatar
United States
2077 Posts
 Posted 09/29/2015  10:35 pm  Show Profile   Bookmark this reply Add OldSkoolMadSkilz to your friends list Get a Link to this Reply

Quote:
...which makes zero sense since every graded set can easily become a raw set.
And even less sense when you consider that anyone selling raw sets has already picked out their favorites. At least if you buy a graded 69 set, you're not getting anything worse.

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Atlas642's Avatar
United States
562 Posts
 Posted 09/29/2015  10:50 pm  Show Profile   Bookmark this reply Add Atlas642 to your friends list Get a Link to this Reply
Not to mention the difference between 69s and 70s is very minute. Personally, I'm happy with my sets in their OGP, sitting on a shelf and lined up in order. To each their own though - especially when it comes to coins!
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jbuck's Avatar
United States
188660 Posts
 Posted 09/29/2015  11:55 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I agree. Love my OGP sets.

I am not taking any chances on the LBJ. I will get in at noon just like the others.
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CelticKnot's Avatar
United States
12839 Posts
 Posted 09/30/2015  12:49 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
I'm seriously considering returning my Kennedys and trying for new ones. The medals are lousy with spots.
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United States
1190 Posts
 Posted 09/30/2015  10:06 am  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list Get a Link to this Reply
With all the reported problems with JFK, maybe it will become a conditional rarity.
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Reno32's Avatar
United States
500 Posts
 Posted 09/30/2015  8:01 pm  Show Profile   Bookmark this reply Add Reno32 to your friends list Get a Link to this Reply
This was my first big thing I got from the mint,i didn't get into it make money,but to have something that many would want though the years.The mint mess that up by being greedy setting the limit up so high when they should have kept it at 17k.I'm so disappointed I hope they keep the the other to 25k or below.I just wanted a set or a single coin that will be very rare.That why I start buying after I read and seen some of the things you guys have,i guess it will take time,hope to have the money when the mint bring out a nice different coin,they can place a high limit that everyone will want.All said I hope I can get the whole set.
Valued Member
United States
64 Posts
 Posted 10/01/2015  03:21 am  Show Profile   Bookmark this reply Add 01GTB to your friends list Get a Link to this Reply
If flipping was easy everyone would do it. These little lessons get thrown out when things seem too easy.
New Member
United States
41 Posts
 Posted 10/01/2015  10:04 am  Show Profile   Bookmark this reply Add Weirdkidhere to your friends list Get a Link to this Reply
You know if the mint gives me at least a good set with no problems then I'll be happy to have them. NOT trying to flip them or get RP70 but to just have at least a good one. THEN with my luck, I got two bad sets. One that's really bad with spots all over and the other not too good over the other. I still kept them both tho because I'm tired of returning things...

No matter how you abbreviate the word it still has the same meaning. This is a family friendly forum and bad language is not accepted or tolerated. First and only warning. -echizento
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