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 Replies: 21 / Views: 4,852 |
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Pillar of the Community
United States
1536 Posts |
I have noticed many like buying problem coins on the cheap on ebay so I buy the lots when I can and flip them but I am getting a little tired of them. Especially trying to figure out the date when it is worn to nothing. How about you? Do you like buying these type of coins. Could have got another cull lot today, but luckily someone outbid me so I let them go since I am a little sick of them right now. Edited by buddy16cat
04/18/2015 7:39 pm
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Pillar of the Community
United States
992 Posts |
Eventually, the cull lots will be totally picked over by flippers and all the fun will be gone.
I sometimes pick up a lot for a good price, then hopefully find one coin to keep, the rest get sold on.
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Pillar of the Community
 United States
1536 Posts |
Me, too. Maybe it will contain a date I need for my Whitman books. If I don't need it, it gets sold. Some I simply don't like to sell, I want to keep them. Maybe the cull lots are not having as good of finds in them?
Edited by buddy16cat
04/18/2015 7:51 pm
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Pillar of the Community
United States
1295 Posts |
I personally will not buy any coin that is a cull, or that is cleaned, etc. I know some do, but that isn't me. I don't think I could even bring myself to buy cull silver for bullion, such is my dislike for problem coins. The thing I always remember when buying a coin is this: cull coins will most likely not appreciate in value over time. However, there is a market for them on ebay, so if you can pick them up cheep enough, you might flip them for a few bucks. It depends on what that's worth to you. Unless you're absolutely certain you see something that has been overlooked or is worthwhile in the lots, I would avoid them. Just my Two Cents. |
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Pillar of the Community
979 Posts |
i love buying them. as long as I can see the date and the denom on the back like one cent or one dime the rest can be worn smooth and I will still buy it.
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Pillar of the Community
 Canada
5400 Posts |
Depending on how you define culls, maybe. I will buy any problem coin in nice grade that has the following criteria it can be cleaned or holed and must be a classic pre 1900 coin. There is a good market for those coins. If they are low grade destroyed ,bent, PTS Ed ,newer ......then no. Total junk will always be total junk and would never get listed in our ebay store and that stuff attracts bottom feeder bidders with the highest chance of receiving. A negative. No seller needs that over a two dollar lot. |
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Valued Member
United States
234 Posts |
Anyone want to fill me in on how buying a cull lot is a legitimate money making endeavor by way of flipping to make a buck (i.e. what's the average or most realized by doing so)?
Never been one to care a hoot about culls. If it's a problem coin or has been worn to near nothing ... to me it's not much more than a slug.
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Pillar of the Community
United States
7390 Posts |
By doing it in bulk on PM futures speculation. The more you buy the less of an upswing in spot for a profit although it also exposes you to greater risk  Edited by Cascade
04/18/2015 10:20 pm
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Pillar of the Community
United States
1192 Posts |
I would buy a cull coin for my collection if that date/mm would be cost prohibited otherwise. Like a normal good coin that would go for $30 and I can find a cull at melt or $1. If it's just a coin worth under $10 in XF I would had zero interest in a cull.
Edited by Bertensgrad
04/18/2015 10:27 pm
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Pillar of the Community
United States
1788 Posts |
If it is cleaned or damaged no. I don't really like culls though anyway.
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Pillar of the Community
United States
1192 Posts |
I bought two Shield nickels with arrows and without arrows combined for $1 that were dateless for my 7070. Edited by Bertensgrad
04/18/2015 10:41 pm
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Pillar of the Community
United States
9792 Posts |
There are quite a few EAC culls that I might be able to afford. Culls only (if the attribution checks out and is viewable), too many really out of reach coins in my bucket list! Occassionaly I will buy a cull early classic coin if there are interesting features like Cuds still visible on them. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
United States
4932 Posts |
My buddy goes through and picks up problem coins and flips them. He's bought some holed indians from the 1860's with strong detail and in like AU for $20-30 and resold them for $100-300.
Gotta be there at the right time.
Here's a tip he told me: If the price is right, and the damage is away from the date area and isn't too too bad, then buy it. Usually when there's a hole by or on the date, people go away from it. If it's at about 12 o'clock people will go for it.
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Pillar of the Community
United States
1536 Posts |
I should have checked out this coin since the rims were weird. Got it in a lot cheap. http://www.ebay.com/itm/1853-Braide...p=true&rt=ncCulls are fun, I just get tired of the no date stuff them but not all are culls. I got a 1917 G walker for a couple bucks. Maybe nothing if I calculate what I sold the other coins. I sell cheap coins because I don't trust the post office with coins worth a certain amount. The holed cents are interesting because they may have been around the neck of a civil soldier like this holed 1959 cent I am thinking of wearing. |
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Pillar of the Community
United States
2815 Posts |
I like buying cull Morgans as long as the date is present.
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Bedrock of the Community
Australia
21788 Posts |
Depends what sort of 'culls'.
If you can get them on the cheap,
for example,
if you can buy an MS63 from the guy who has replaced it with an MS65, and who NEEDS the proceeds from the MS63 to buy the MS65 with.
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Replies: 21 / Views: 4,852 |
Posted 04/18/2015 7:18 pm
