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 Replies: 58 / Views: 7,105 |
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Pillar of the Community
Canada
789 Posts |
Quote:
cdncoin is charging $120 for this already. That is just because the coin has FV of 100$. The situation is similar to 20for20, dealers or CP won't sell them for 20$. They need to sell it at higher price to make profit. |
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Valued Member
Canada
373 Posts |
At least its a break even at 120 on ebay =). I plan to hold this unless I need the money anyways. |
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Pillar of the Community
Canada
2124 Posts |
In a normal situation I would buy just one (I don't think the resale price would be higuer than 120$) but I bought 3 because it's a very good oportunity to those like me that want to became MC member, even more that we have the code for avoid paying shipping, so it's 300$ x 300$.
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Pillar of the Community
Canada
871 Posts |
I'm only buying a few and not to resell. I highly doubt these coins will sell for more than $120 after these coins sell out.
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Valued Member
Canada
207 Posts |
Take away the FV and you have a standard $100/oz, non-bedazzled RCM coin with high mintage. After market price would be determined by collectors' desire to own the coin: design, 1st in series, etc. Add in the "selling feature" of $100 FV and for $100 there is no downside. Anything you pay above and beyond $100 you could lose. The main selling feature becomes less and less a selling feature the more you have to pay. So I would think there is limited upside. |
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Pillar of the Community
Canada
981 Posts |
These will reach $140 in the future no problem especially when the next 4 come out everyone will be looking for them.
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Valued Member
 Canada
90 Posts |
Net profit (after fees and shipping) over 50% will force me to buy, otherwise, I won't take risk just for only 10-20% potential net profit.
Edited by yunbo
05/16/2013 2:48 pm
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Pillar of the Community
Canada
981 Posts |
Looking for profits like that I guess you will never sell anything LOL
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Pillar of the Community
United States
2764 Posts |
I buy because I like the coin. Any appreciation in value is a bonus!
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Pillar of the Community
Canada
590 Posts |
Wait till he sells his penny roll, but that's another subject. The flippers have set the price at $150. Some a out and reducing the price already to $120. Not worth it for $120. But its to early, the coin has not even shipped or sold out yet. Anybody foolish enough to sell their coin now will get burned. I think the price of this coin will eventually settle between $100 and $200. My prediction is closer to $150, so I don't think you will get your 50% profit after all the fees. Either way with a profit of 20% to 40% its a good flip. I think with this coin it will take a year to hit its max price, maybe two years. I hope I'm wrong the first 20 for 20 was selling for $30 pretty quick.
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Valued Member
Canada
90 Posts |
My friend told me that it's better do nothing than work for ebay and CP, having a good massive flip every 1-2 years is perfect for any flipper. |
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Valued Member
Canada
373 Posts |
Ask your friend how he picks his massive flips. I would like to know.
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Pillar of the Community
Canada
2984 Posts |
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Net profit (after fees and shipping) over 50% will force me to buy, otherwise, I won't take risk just for only 10-20% potential net profit.
10-20% is good return compare to 1.5-2% GIC return or stock market where you could lose money. And how many coins earn you 50% profit after fees and shipping? Maybe the glass butterfly initially but that has dropped in price. Other candidates include the glass ladybug and the 5 coin penny coin may earn 50% profit but nothing else. |
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Valued Member
Canada
66 Posts |
True...about the profit. The special wrap penny rolls also made people a lot of profit. I sold two of my rolls for $43...and the mint only sold it for $10.
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Valued Member
Canada
90 Posts |
50% "potential" net return can give us some safety margin (buffer zone), 10-20% "potential" net return is really not enough for a safe flip.
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Replies: 58 / Views: 7,105 |
First Page
Posted 05/16/2013 09:46 am
